bustabit – The original crash game - page 79.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: Battareus on October 21, 2019, 08:38:09 AM

Can someone explain intelligibly how the Bankroll works? For what period is interest accrue? How to cash out? Can I withdraw my money at any time? I read a few tips on the site and here and didn’t understand especially the part that says about new investors.
I would also like to know if I can somehow hide my nickname in this game, I don't want to be sniped.

At a high level: the bankroll is the counter-party to players bets. So when people bet and win, they win from the bankroll. When they bet and lose, they lose to the bankroll.

Casinos will generally base the limits (i.e. max-profit) based on the size of the bankroll so they don't risk bankruptcy. So generally the bigger the bankroll, the bigger bets and betters the casino can safely handle.

So the idea of a crowd-funded bankroll is pretty simple. Let's say the bankroll of a site is 99 BTC, and you want to contribute 1 btc. The new size of the bankroll would be 100 BTC, of which you contributed 1 BTC. Thus you own 1% of the bankroll. So that's your stake. Now if the size of the bankroll changes due to people gambling, you keep the same stake. (i.e. you'll make 1% of the loss and profit). At any time you came divest your stake to get bitcoin back.

Anyway, that's the rough idea of how it works at a high level.

Quote from: Battareus on October 21, 2019, 08:38:09 AM

I would also like to know if I can somehow hide my nickname in this game, I don't want to be sniped.

You are free to create and use multiple accounts. Balances and internal transfers between accounts are private information. However bets are public information and there's no way to hide this. But I don't see why you'd care if people snipe your bets, it's not like it changes your bet outcome or the game outcome

Battareus

hero member

Activity: 826

Merit: 501

Can someone explain intelligibly how the Bankroll works? For what period is interest accrue? How to cash out? Can I withdraw my money at any time? I read a few tips on the site and here and didn’t understand especially the part that says about new investors.
I would also like to know if I can somehow hide my nickname in this game, I don't want to be sniped.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: JasonFC on October 21, 2019, 03:02:46 AM

There's nothing incorrect about the wording used on the bustadice web site. Investing in the bankroll of bustadice is provably fair under the condition that you don't expect the operator and the auditor to collude. That is a factual statement.

Not quite. It's possible that the operator and the auditor both get hacked. Then the hacker could cheat the investors without the operator or auditor even knowing about it, let alone colluding.

JasonFC

member

Activity: 85

Merit: 28

There's nothing incorrect about the wording used on the bustadice web site. Investing in the bankroll of bustadice is provably fair under the condition that you don't expect the operator and the auditor to collude. That is a factual statement.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: RHavar on October 20, 2019, 09:31:50 PM

Quote from: BayAreaCoins on October 20, 2019, 04:53:54 PM

Daniel does not owe me 1.1 BTC or 10 BTC.

I'm not interested in another argument, but I will just (again) state that I'm not Daniel.

I said that on accident. (swear)

I meant "RHavar". Updated.

Thank you for your time Dooglus.

GamblingSiteFinder

full member

Activity: 211

Merit: 100

gamblingsitefinder.com

Quote from: RHavar on October 20, 2019, 09:31:50 PM

but I will just (again) state that I'm not Daniel.

We are all Daniel. Grin

But seriously, I'm just happy this thread can go back to normal.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: BayAreaCoins on October 20, 2019, 04:53:54 PM

Daniel does not owe me 1.1 BTC or 10 BTC.

I'm not interested in another argument, but I will just (again) state that I'm not Daniel. But believe what you want, it really doesn't matter to me but I rather just avoid leaving that unchallenged or people will take it a sort of implicit acceptance. Wink

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: dooglus on October 20, 2019, 04:51:48 PM

Can you?

I can not at this time.

Only for Bustadice. Which I thought qualified as "remotely" with ease.

Edit: I have posted that I concede as agreed. https://bitcointalksearch.org/topic/m.52822895

~~Daniel~~ RHavar does not owe me 1.1 BTC or 10 BTC.

gg

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: ?? on ??

Quote from: BayAreaCoins on October 19, 2019, 11:51:59 PM

I've seen you make the claim that both sites are "provably fair" for investors IF you trust you "two".

I'll give you a bitcoin if you can remotely substantiate that. I've never said, or implied such a thing.

I was asked to give my opinion.

As I see it, Ryan's offer is that he will pay you if you can show that he has claimed both sites are provably fair for investors.

One of the two sites in question, Bustabit (the topic of this very thread), isn't provably fair for investors, and I've never seen anyone try to claim that it is.

To qualify for the payment you would need to show evidence of Ryan claiming that bustabit is provably fair for investors. Can you?

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Ryan has removed his negative feedback against me (lol fagggggggg).

Ryan has also opened an addition thread for this: https://bitcointalksearch.org/topic/m.52819518

I have pledged to donate 100% of the 1.1 BTC Ryan said he would give me if I could "remotely" prove that he stated investing was provably-fair.

Battareus

hero member

Activity: 826

Merit: 501

I watched ActuallyConanOBrien and ActuallyJimmyFallon bets for half a day, maybe these are 2 accounts with one strategy, their profit is at 70x, but after they started to increase the bid to large values, the chart started to crash around 50, and before that all the time game statistics had large values like 160x or even 2200x. I do not want to say anything bad about the honesty of this game, just a funny fact.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Sheesh Ryan... what happened to going to bed before you say something you regret?

Quote from: RHavar on October 20, 2019, 12:41:35 AM

Before I say something I regret, I'm just putting you on ignore. Have a good day. ><

17 minutes later...

Quote from: ?? on ??

I'm sorry, but this is beyond stupid. I actually agree with you about the language on the site needing to be changed. But the fact that you know it's not even my site (i'm just acting as auditor) and in fact, it's never been my site (Daniel built it from the start) makes this extra stupid. So I'll call your bluff and raise you negative.

I'm childishly abusing the trust system?! *looks Ryan up and down* *bursts out laughing* lol! OK Shocked

I left you & your associate neutral feedback in regard to something that you agree with:

Quote from: RHavar on October 19, 2019, 09:07:08 PM

Although I actually agree with you in that provably-fair is the wrong term for it.

and

Quote from: ?? on ??

I'm sorry, but this is beyond stupid. I actually agree with you about the language on the site needing to be changed.

and we had this talk back in March of this year too.

Quote from: ?? on ??

Quote from: BayAreaCoins on March 21, 2019, 01:03:13 PM

Read through everything... I still don't believe it is provably fair for investors, but it seems more like layering.

Layers help, but they don't make it mathematically fair for investors still. I suppose it does make it fair for you though?

Yeah, you're right.

This is the second time I've had to call you or websites you're associated with out on misusing the term "provably-fair" in a fashion to give investors a false sense of security. You bet your ass I left neutral feedback this time around.

I really don't think I'm abusing the trust system. If anything, you are abusing the trust system, but I'm not mad at you.

Get some sleep, reconsider your feedback in the morning and ~~send me that Bitcoin you owe me~~. Roll Eyes

I left you neutral feedback for absurd negative feedback you left me and ~~I will leave you negative feedback tomorrow if you don't send that Bitcoin you owe me for me "remotely" showing that you personally have said~~ ~~investing is proveable-fair on y'alls site~~ ~~(Negative feedback will be left after midnight October 21, 2019)~~. Roll Eyes

Thanks, you probably should have just went to bed as you said.

Edit: Ryan woke up and removed the negative feedback on his own prior to us using Dooglus as a third-party to settle the dispute in regards if Ryan owed me any BTC.

Double Edit: Dooglus ruled against me due to the fact I was unable to prove "both". I've dropped my dispute.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: RHavar on October 20, 2019, 12:41:35 AM

You are being disingenuous.

No, I am not. I sincerely mean everything I'm saying.

Quote from: RHavar on October 20, 2019, 12:41:35 AM

Before I say something I regret, I'm just putting you on ignore. Have a good day. ><

Good call. Have a good night as well. I wasn't trying to upset you, but really you should know the difference between provably-fair and probably-fair.

I'm going to bed too, but not cause you told me so!

Put some ice on that butthurt.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: BayAreaCoins on October 20, 2019, 12:38:01 AM

Fix it, don't do it again and go on with life. Simple.

I'm not here to fight with you or cause any grief.

You are being disingenuous. I didn't write it. It's not my website. I don't have access to fix it. And it's not even related to bustabit, which is the entire reason I started off by saying you're confusing people by talking about it here instead of the appropriate thread.

Before I say something I regret, I'm just putting you on ignore. Have a good day. ><

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: RHavar on October 20, 2019, 12:24:06 AM

I'm trying to be as diplomatic as possible, but you're making it hard.

There isn't any diplomacy in misusing a word that inspires false confidence from investors.

Just say this:

Quote from: RHavar on October 19, 2019, 09:07:08 PM

Although I actually agree with you in that provably-fair is the wrong term for it.

Fix it, don't do it again and go on with life. Simple.

I'm not here to fight with you or cause any grief. Just trying to maintain the integrity of the word "provably-fair". I would hope you can respect that.

Edit: Maybe I was wrong about the claim in regards to BustaBit... the problem seems to be just on BustaDice... which is owned & operated by the same people regardless. However, I will keep searching tomorrow. I'm going to bed now and not cause you told me to! hehe It's all good Big Ry-dawg.

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: BayAreaCoins on October 20, 2019, 12:17:52 AM

You should just stop misusing the word "provably fair"

I'm trying to be as diplomatic as possible, but you're making it hard. Bustabit has no special investor system, it's quite literally 100% trust-daniel-to-not-cheat. I am confident this has never been misrepresented at any time, especially not by me.

Bustadice on the other hand has better investor guarantees, especially so for me (as I act in the privileged position as auditor, which AFAICT gives me provably-fair level guarantees) and because of that I actually have invested more in bustadice than bustabit, despite worse expected returns (as I see it as less risky for me).

If you want to discuss the bustadice investor system, I suggest you do is do it in the bustadice thread as it's not relevant to here.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: RHavar on October 20, 2019, 12:06:43 AM

you should probably close your computer and come back tomorrow and reread over this stuff with a clear head.

You should just stop misusing the word "provably fair" and fix where y'alls website(s) claim it is provably fair for investors (bustabit or bustadice).

Maybe replace it to "probably fair" for investors?

RHavar

legendary

Activity: 1463

Merit: 1886

Quote from: BayAreaCoins on October 19, 2019, 11:59:55 PM

Quote from: ?? on ??

lol, easy on the trigger there. I'll give you a bitcoin if you can remotely substantiate that. I've never said, or implied such a thing. I just checked the bustabit webpage and FAQ, and there's no claims like that either. Not to mention, bustabit doesn't even have an auditor system like bustadice does.

quoted, give me a minute Tongue

Take your time. I promise I won't edit or delete any posts in the mean time Wink

Quote from: BayAreaCoins on October 19, 2019, 11:59:55 PM

Edit #3: https://bitcointalksearch.org/topic/bustadice-next-generation-dice-2219681

I 100% standby everything I wrote there. It's factually correct, and not misleading in the slightest. If you think that supports your arguments that I misrepresented both ("bustabit" and "bustadice") as being provably fair for investor, you should probably close your computer and come back tomorrow and reread over this stuff with a clear head.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: ?? on ??

Quote from: BayAreaCoins on October 19, 2019, 11:51:59 PM

I've seen you make the claim that both sites are "provably fair" for investors IF you trust you "two".

You're misusing the word and giving investors a false sense of security by doing so. Stop.

lol, easy on the trigger there. I'll give you a bitcoin if you can remotely substantiate that. I've never said, or implied such a thing. I just checked the bustabit webpage and FAQ, and there's no claims like that either. Not to mention, bustabit doesn't even have an auditor system like bustadice does.

quoted, give me a minute Tongue

Edit #1: You didn't type this?

"Assuming you trust the two not to collude, investing becomes provably fair."

Edit #2: I'm going to find the forum post as well. Give me a few more minutes. I have like 370 pages of past posts.

Edit #4: You for sure typed this! Thanks for that Bitcoin! https://bitcointalksearch.org/topic/m.50191132 I should have posted this one before #3. (I went ahead and moved this one above #3)

Edit #3: https://bitcointalksearch.org/topic/bustadice-next-generation-dice-2219681

Edit #5" https://bitcointalksearch.org/topic/m.45335901

Edit #6: https://bitcointalksearch.org/topic/m.22396650
#6 Quoted:

Quote from: devans on September 30, 2017, 08:17:33 AM

Advanced provably fair system designed to protect not only the players, but also investors

...
Similar to how JustDice pioneered provably fair dice games, we hope that bustadice will considerably improve the situation for investors and set the standard for casino investing.

Enhanced provable fairness
bustadice builds upon conventional provably fair systems to provide additional guarantees to players, investors and the casino itself:
...
For investors: Neither I nor Ryan can undetectably cheat by predicting future rolls. Assuming you trust the two not to collude, investing becomes provably fair.

Edit #7: https://i.imgur.com/P4STV89.png (picture from the homepage of Bustadice)

Quote from: ?? on ??

I'll give you a bitcoin if you can remotely substantiate that. I've never said, or implied such a thing.

I believe I have "remotely" shown that you have claimed that BustaDice and/or BustaBit is provably-fair for investors when it is in fact not (see "Edit #4).

I could have sworn that you said in a thread after this one that you'd offer .1 BTC if I could show a link with Daniel stating investing was provably-fair... I don't see it anymore, however, Edit #6 & #7 shows that.

It seems like you owe me BTC at this point. My bitcoin address is: bc1qwupmf3gc6ql8thl3eqmkce6uuur4prj4schw55

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: ?? on ??

@BayAreaCoins I think you're just confusing people

I think you're (or whoever) confusing people by grossly misusing the word "provably fair".

Quote from: ?? on ??

talking about bustadice in the bustabit thread.

I believe I have seen you make the claim that both sites are "provably fair" for investors IF you trust you "two".

You're misusing the word and giving investors a false sense of security by doing so. Stop.

This isn't the first time you and I have spoken about this. (99% sure we spoke about it in this thread in fact)

Quote from: ?? on ??

The investor guarantees and claims there are different than the ones here.

Are they? How so? Are you saying that either game is actually provably fair for investors?

You're making guarantees to investors now?

Quote from: ?? on ??

For the sake of everyone's sanity, it's best to discuss bustadice in the bustadice thread, and bustabit in this thread.

I think investors are traditionally pretty smart folks. I'm sure they will manage.

Topic: bustabit – The original crash game - page 79. (Read 61604 times)