Topic: bustabit.com -- The Social Gambling Game - page 2. (Read 293954 times)

I've generated a snapshot of all users balances as of a few minutes ago (Tue 1 Aug 2017 12:20:00 UTC). Anyone with a balance of on bustabit as of that time will be eligible to collect bitcoin cash, in ~24-48h   depending how things go with the fork.

Apparently reading comprehension isn't my thing. I thought the fork was when the chain tip was pasted the activation time, but according to the spec it's when the "median time past" of 11 blocks is. So I will be generating the snapshot just before the actual fork.

But please be patient, I do not plan on interacting with BCC until the chain is stable.

I have certainly been to Texas, but I do not live there and nor am I American. But yeah, I do like to travel and something I plan on continuing to do.


I'm not particularly concerned about such rumors. My priority is to operate a fair and honest casino, and keep myself out of trouble =)  From a cover-my-ass perspective, I'd rather not make any comments about that sort of stuff, as I'm in the late stages of a corporate restructure and getting an actual proper gambling license. Once all the paperwork is approved and all that stuff, I'll probably be a lot more free to talk about it.

However, from a players perspective, it's not really like it matters. Provably fair systems allow you to actually cryptographically verify the results you got were fair; I personally think this is a lot better assurances. (Although there are certainly some benefits in knowing the operator can be held criminally responsible)

--

Anyway, I've been running this site for almost 3 years now. And in that time processed over a million bitcoin in wagers and 50k bitcoin of actual withdrawals. I've held in escrow over a million USD at a single point in time. And yet I don't think I've ever seen a single single coherent complaint that I've ever operated in any manner other than completely honestly (be it withhold deposits, not process withdrawals in a timely manner, manipulated results).

This really just is variance. The expected median over a long period of time would be ~1.97x, but over any shorter period of time will vary greatly. This is the same with all casinos, and just random numbers in general.

If you suspect you've been cheated, you need to verify the games -- and you'll be able to definitively check if it's just bad luck or you've indeed been cheated.


Regarding the coin analysis, the reason walletexplorer shows bustabit deposit addresses as "MtGoxAndOthers" is because I've imported thousands of bustabit addresses into joinmarket and done hundreds of coin joins with other people (primarily for the purposes of utxo consolidation).

I don't recommend violating anyones terms of use -- but speaking purely about bustabit privacy features:  Bustabit's uses a custom coin selection for deposits/withdrawals that makes it considerably harder for anyone to know if you're using bustaibit or not. It's not fantastic, but it's decent.

In the next release though, it's going to get pretty damn good.   Our new algorithm (that has like >1 month of development time put into it, and uses a full on cutting edge constraint optimizer) will make it very hard for anyone to distinguish a bustabit address from any other. (although there's still a bit of things I need to figure out, like sending transactions over tor incase there's a spy node recording that I'm the probable origin of the transaction)

Thanks! Yeah, it's been quite a journey. 

It's actually a little hard to believe that so much money has flowed through the site

Yeah, I've made it private for now. But none of your issues have been lost! (They're much appreciated, and being worked on)

I'll take a look what happens this week, and if so will drop the fee rate back down again. I'm kind of trying right now to focus on getting the next upgrade out the door, which does fees *much* better (I expect for most users it'll end up costing a third or so)

I'm not selling bustabit.   I do however sell copies of the source code for 2 BTC to anyone who wants (as long as they agree not to use the brand "bustabit" or distribute the source code).


But bustabit.com itself is not being sold (although is going to be upgraded very soon)

Thank god for automation 

Ok! Bustabit's biggest ever giveaway has been completed!

For every 1 BTC you had on the site at  (midnight on June 26th (UTC/GMT)) you will be given 0.01141725 BTC totally free! It's in your account as "free bits collected"


If you didn't have bitcoins on the site at the time, you can manually claim yourself:

https://www.stellar.org/lumens/bitcoin-lumen-program/

Oh yeah, forgot about that until you mentioned it. I guess it's not close to a record (but still impressive)

I was just made aware of this: https://www.stellar.org/blog/bitcoin-claim-lumens-2/


So I've taken a snapshot of peoples balances at the time of that block (a few minutes ago). And once I can claim the lumens (~24 hours) I'll claim them on everyones behalf (for people that have money on bustabit) and then sell the lumens, and put them in your account as "Free bits". If you want me to not sell your lumens (and give them to you instead). Please let me know at bustabit.com/support using the account that holds a balance.

And if you want free bitcoin, there's nothing to do but wait. And I'll handle it all =)

Not sure if this beats @cowbay's record or not, but an impressive hit:

https://www.bustabit.com/game/4127861


2 bits to 104k bits  (0.1 BTC)!

Probably the biggest issue for me, is actually just trying to manage the type of people faucets bring in. Faucets are a fantastic way for people to try the site without going through all the hassles (and costs) of depositing, so that's something I do want to bring back as soon as possible. But what I don't want to do is encourage people who are purely looking for handouts, as it tends to be just a net negative to the community/chat.

The new update (which I'm working hard on, I promise) actually has a sort of "reverse leveling faucet" based on your ip address, where the more it's used the less money it gives. That way it can satisfy it's purpose for trying out the site, but not really attractive for much more

Seems like a reasonable change. And yeah, I've tested building a forum with single-sign on and it doesn't look too hard so that's something I can launch after the v2 release (which is ~1-2 months away )

DJ HERPES seems to be prototyping his latest song about bustabit:  "runaway rape"  (NSFW, and song deletes after 24h)

Yeah. He actually hit an all-time-high of around 199 BTC in profit, but then began a rather dramatic downfall.  

People who in general follow that "aggressively chase your losses" style of playing generally have pretty consistent charts. They make a lot of money for a long time, and then when things go bad, they go really bad. Game1 is a bit special, as he started with < 0.5 BTC or something though    So even though he's now currently at +23 BTC, overall that's still a decent return

A big congratulations to Game1 for breaking into the >100 bitcoin net profit club:

Due to the insane backlog of high fee paying transactions, I've had to unfortunately double the withdrawal fee to ensure all withdrawals are sent and confirmed fast. Furthermore they are all now "opt-in RBF"  (which might trigger some wallets to issue a warning about potential double spends). This is to make it easy for me to replace the transaction with an alternative that pays even more fees should the original transaction get stuck behind a backlog in the future.

Also the onerous fees have made me start to consider the possibility of support an altcoin. Would people be more interested in litecoin or ethereum support?

You may not bet or chat on bustabit or bustadice because it is clear to me that you have a gambling problem. Based on your posts in this forum alone I am confident any reasonable person would agree with that assessment, not to mention your behavior via chat and email. I will not reconsider my decision–which I have explained to you at length multiple times–and I will no longer respond to your emails and support requests demanding to be allowed to bet again.

However, your ability to withdraw your money is not and never has been restricted. So once again: Please withdraw any remaining balance you may have and refrain from using bustabit.