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Topic: bustabit.com -- The Social Gambling Game - page 30. (Read 293959 times)

legendary
Activity: 2018
Merit: 1108
December 28, 2016, 09:48:02 AM
Some interesting features there. Rewarding investors for gambling could be interesting. I'm wondering how the dilution compensation would work though. How much are new investors paying old investors to compensate them? Is it a flat fee when they choose to invest?

In the current code I have, it's 10%. But you get a little back, so it's always <= 10%

So if you want to invest 100 BTC, what happens is 10 BTC gets taken from that and you invest as if you invested 90 BTC. And then the 10 BTC gets given to all investors (including yourself).  The reason I do it that way, is to prevent it abuse (otherwise investors would be incentivized to make lots of tiny investments, instead of just investing at once).

My thoughts is to also have a grace period, if you invest in the first couple of days or something, you don't need to pay dilution fees at all.

Yeah a grace period would probably be a good idea. This seems like it might be especially taxing on people who wish to devest for a short time and reinvest. I guess its incentive to keep your investment in though. I wonder if there could be some way of keeping track of devested amounts so that you would only have to pay the dilution fee if you reinvest an amount over what you originally had invested? Maybe allow a window of a certain amount of time for reinvestment without repaying the dilution fee?

Almost starts to feel like a pyramid scheme with new investors paying old investors Tongue but of course its not the same since it isn't the only source of income for investors.

I also feel like 10% is a bit of a rough fee. People who invest bitcoin seem to often divest and cashout. Then later they would come and invest again. Maybe it should be changed slightly?
legendary
Activity: 1736
Merit: 1023
December 28, 2016, 09:42:08 AM
Some interesting features there. Rewarding investors for gambling could be interesting. I'm wondering how the dilution compensation would work though. How much are new investors paying old investors to compensate them? Is it a flat fee when they choose to invest?

In the current code I have, it's 10%. But you get a little back, so it's always <= 10%

So if you want to invest 100 BTC, what happens is 10 BTC gets taken from that and you invest as if you invested 90 BTC. And then the 10 BTC gets given to all investors (including yourself).  The reason I do it that way, is to prevent it abuse (otherwise investors would be incentivized to make lots of tiny investments, instead of just investing at once).

My thoughts is to also have a grace period, if you invest in the first couple of days or something, you don't need to pay dilution fees at all.

Yeah a grace period would probably be a good idea. This seems like it might be especially taxing on people who wish to devest for a short time and reinvest. I guess its incentive to keep your investment in though. I wonder if there could be some way of keeping track of devested amounts so that you would only have to pay the dilution fee if you reinvest an amount over what you originally had invested? Maybe allow a window of a certain amount of time for reinvestment without repaying the dilution fee?

Almost starts to feel like a pyramid scheme with new investors paying old investors Tongue but of course its not the same since it isn't the only source of income for investors.
legendary
Activity: 2030
Merit: 1189
December 28, 2016, 02:20:48 AM
So Just a Bit Of A Up Date on BUSTABIT AKA RYAN

He Still Has not sent me a email trying to pay the .052 that was lost by his server connection issues.

His own Developer Helper even stated when disconnected it should cashed out. Though i don't see how the 30k bet happend 2 bets later and i wasn't able to cancel nor stop it

But, just went and made a report and will be sending to ican and a few other places.

I will say this BUSTABIT does not fix problems if they occur they ignore them and try to justify it. 

Proof is in the puddin baby!!

http://bustabit.weebly.com/discover.html


Here's what I gather from your poorly written (seriously, if you want people to take you seriously you should try to write above a third grade level) site:

You submitted a bet.  The bet was 22k @ 100x cash out.  You lost connection.  When this happens, the game keeps running!  The last input the game had from you was that you wanted to cash out @100x.  If you aren't there to hit "Cash Out", you aren't cashed out.  This isn't a flaw in the system, it's how the game works.  You have to tell it when to cash out, it doesn't magically read your mind (or your internet connection).  Your connection dropped (this is very likely on your end since I'm not reading anyone else saying that they were disconnected...this is why you need to make sure you are playing from a secure, steady connection) and the game crashed before it hit 100x.  So you lost.  Womp-womp.  You got reconnected, saw that you lost, and decided to place a 30k bet @ 100x.  You got disconnected again (I'd imagine it's because you were playing from mobile with 1.5 bars of 3g connection) and the same thing happened...the game crashed before it hit your designated (100x) cash out point.  I'm failing to see how any of this is anyone's fault but your own.
legendary
Activity: 1463
Merit: 1886
December 28, 2016, 01:25:31 AM
Some interesting features there. Rewarding investors for gambling could be interesting. I'm wondering how the dilution compensation would work though. How much are new investors paying old investors to compensate them? Is it a flat fee when they choose to invest?

In the current code I have, it's 10%. But you get a little back, so it's always <= 10%

So if you want to invest 100 BTC, what happens is 10 BTC gets taken from that and you invest as if you invested 90 BTC. And then the 10 BTC gets given to all investors (including yourself).  The reason I do it that way, is to prevent it abuse (otherwise investors would be incentivized to make lots of tiny investments, instead of just investing at once).

My thoughts is to also have a grace period, if you invest in the first couple of days or something, you don't need to pay dilution fees at all.
legendary
Activity: 1736
Merit: 1023
December 28, 2016, 01:10:52 AM
So just a bit of update, the good news is bustabit v2 is coming along nicely. There will be very little impact to players (all accounts and balances will be carried over, so there's no need to worry). I'm hoping within a month there will be an open beta for everyone to play around with.

The main features are:
  * Rewritten server from scratch, designed for much better security characteristics and better performance
  * Leveraged investments. Basically a straight rip off of just-dice.com (sorry dooglus, but it's too well designed to ignore) including only 10% commission on profit
  * Dilution compensation where new investors need to pay old investors to compensate them for being diluted
  * A reward system for gamblers (that should roughly give them 50% of their house edge back)
  * An investor gambling incentive system (that should incentivize investors to gamble themself, or effectively pay gamblers to do so on their behalf)


Note: everything is still up in the air, including timeline. But it's coming along well  Grin

Some interesting features there. Rewarding investors for gambling could be interesting. I'm wondering how the dilution compensation would work though. How much are new investors paying old investors to compensate them? Is it a flat fee when they choose to invest?
newbie
Activity: 14
Merit: 0
December 28, 2016, 12:21:03 AM
So Just a Bit Of A Up Date on BUSTABIT AKA RYAN

He Still Has not sent me a email trying to pay the .052 that was lost by his server connection issues.

His own Developer Helper even stated when disconnected it should cashed out. Though i don't see how the 30k bet happend 2 bets later and i wasn't able to cancel nor stop it

But, just went and made a report and will be sending to ican and a few other places.

I will say this BUSTABIT does not fix problems if they occur they ignore them and try to justify it. 

Proof is in the puddin baby!!

http://bustabit.weebly.com/discover.html
legendary
Activity: 1463
Merit: 1886
December 27, 2016, 11:54:30 PM
So just a bit of update, the good news is bustabit v2 is coming along nicely. There will be very little impact to players (all accounts and balances will be carried over, so there's no need to worry). I'm hoping within a month there will be an open beta for everyone to play around with.

The main features are:
  * Rewritten server from scratch, designed for much better security characteristics and better performance
  * Leveraged investments. Basically a straight rip off of just-dice.com (sorry dooglus, but it's too well designed to ignore) including only 10% commission on profit
  * Dilution compensation where new investors need to pay old investors to compensate them for being diluted
  * A reward system for gamblers (that should roughly give them 50% of their house edge back)
  * An investor gambling incentive system (that should incentivize investors to gamble themself, or effectively pay gamblers to do so on their behalf)


Note: everything is still up in the air, including timeline. But it's coming along well  Grin
newbie
Activity: 14
Merit: 0
December 27, 2016, 11:44:34 PM
Nothing to say now right? What you thought i didn't have more proof? Fix Your Issues and Admit your problems. Ill tell You what instead of posting something else If you admit your at fault you can keep the money but i will not take off your negative feedback and i will go on linked in and everywhere just to post what you did to me untill im paid back for your server kicking me off while playing.
newbie
Activity: 14
Merit: 0
December 27, 2016, 11:23:45 PM
This will be my last reply, please update your website or post on that hater reddit in the future.

You know wht i even sent you the chat of Dexton saying that you timing for dissconnect was off your own DEV/MOD and you still havent tried doing anything.

I have no idea what you're talking about, but this would make great material to publish on your website.


Quote
why do you want to be known like this? I mean i wouldnt be suprised if you paid jessica to come here nd do that i mean she wouldnt have found this thread anyways lol. Just goes to show you would rather pay to be Shiesty then pay your faults.

Why would I pay your scam victim to come here? (In fact, she doesn't have a bitcointalk account but sent me a full copy of the emails which I could validate for authenticity and also validate that it was tied to the email address you sent in bustabit chat). In fact, your own stories are inconsistent. In one of them, you tell you never sent the bitcoin because you were charged-back before you had a chance to send them. Yet your conversation logs have you trying to convince her to remove the charge back, because "why did you do a chargeback when i sent you the bits? i use coinbase they take a few to confirm" which is clearly false, as the timestamps have hours elapsing and no bitcoin transaction was ever made.


Quote
You must be one of those french frie men who think there everything and are never right. I suggeset you check your email and reply. I will make it my personal mission every day since i dont have to work, to literally make sure i ruin you for stealing.

You might be better using your time to .... get a job?

Quote
As a matter of fact im going to buy a bustabit.net or what ever i can find and make sure that website is linked to pop up for it so they know what you did.

Actually, I believe that domain was already purchased by a domain scalper who was trying to sell it to me for 1 bitcoin so it didn't fall into "scammers hands". I'm sure he'd be happy to sell it to you for the same price.




Does anything give you the right to now fix your mistakes? Do you have to be right all the time? I mean the proof is there. Your the one who will regret it overtime.

Just remember you own a ponzi " business" so your stuck to certain thing you can do. Im not. And again america is the land of free baby. I posted proof its there. I mean i want to know how i can freeze and it still do a 30k bet 2 bets after? no option to cancle nor stop? I even tried to chalk it with you to half. I mean You even admitted there was a problem in your emails but you cant do nothing cause its not fair. Like what other players sent you proof lol?


The Website With The PROOF! http://bustabit.weebly.com/discover.html


"In fact, she doesn't have a bitcointalk account" Words from The bustabit man who lies. ..... Go Check my feedbck before you try lying some more.
newbie
Activity: 14
Merit: 0
December 27, 2016, 11:15:38 PM
This will be my last reply, please update your website or post on that hater reddit in the future.

I think you've fed that particular troll enough already. Smiley

No need to be a true the proof is up go ahead and view it! I have more then that also. I mean i dont need to troll of bs over a few bucks. But he just dont want to admit his fault when his own mods/dev helper admits it shoulda paid me out when i dc.
legendary
Activity: 2940
Merit: 1333
December 27, 2016, 10:58:30 PM
This will be my last reply, please update your website or post on that hater reddit in the future.

I think you've fed that particular troll enough already. Smiley
newbie
Activity: 14
Merit: 0
December 27, 2016, 10:28:27 PM
Perfect. That site seems like a great place for documenting it. I'd also recommend crossposting to: https://www.reddit.com/r/RyanisScum/  for maximum exposure.

You know wht i even sent you the chat of Dexton saying that you timing for dissconnect was off your own DEV/MOD and you still havent tried doing anything.

why do you want to be known like this? I mean i wouldnt be suprised if you paid jessica to come here nd do that i mean she wouldnt have found this thread anyways lol. Just goes to show you would rather pay to be Shiesty then pay your faults.


You must be one of those french frie men who think there everything and are never right. I suggeset you check your email and reply. I will make it my personal mission every day since i dont have to work, to literally make sure i ruin you for stealing.

As a matter of fact im going to buy a bustabit.net or what ever i can find and make sure that website is linked to pop up for it so they know what you did.
newbie
Activity: 14
Merit: 0
December 27, 2016, 10:08:46 PM
hmmmm.lol. The man trys to pull anything when he is stealing your money and doesn't want to pay it back. I have no clue what this man is talking about nor do i care. All i care about is the Money you owe. I made a website for you and will be updating it will all the pictures and messages from you. If that is your crappy excuse Rha wut ever not to pay me my 52k because you think you know whats what lol. It wouldn't surprise me that the second i ever sold something to some 1 on your site and told them its sent a charge back hit lol. You think im dumb enough to not play my cards? Also your trying to pretty much saying im tryna scam my 52k back out of you but clearly all the pics show different. I will say anon will love you. I just hope your smart enough to pay what you owe instead of making excuses over 52k pathetic bits. Are you the broke? I know my complaints are straight about whats right and wrong?  All im doing is warning you to pay me my money your site stiffed me for. I have the proof you have it. Not sure what more there is to say?

Honestly when a man says blackmail - obviously the man know theres truth and hiding something!

Here i will have the website done in a few days so everyone can. See Speculations means nothing. Proof is in the puddn baby.

Pay up!!

Untill then i guess your going -1 for this unless you make it right. I take my losses obviously you can see Tongue Dinggyyyyy!!

Heres the website it will be under! I will SEO it later.

http://bustabit.weebly.com/discover.html

From here on it i promise im busting out any bs on any casino or dice site i play at. My friends The Truth Unfolds!
legendary
Activity: 1463
Merit: 1886
December 27, 2016, 09:41:36 PM
Well that progressed quickly.

So apparently you're an established paypal scammer. Going through the bustabit chat logs I can connect you to at least one paypal scam done against jessica43 using your paypal [email protected], as well as a bit of a betcoin referral spammer. I'm not sure it matters as your bitcointalk account is a throw away, but I'll leave you negative trust for being a scammer anyway.

It's rather unprofessional of me to say, but I'm rather glad you lost money. I hope it hurt and is a memory that you can reflect on it to learn some empathy for some of your scam victims and perhaps grow up to become a decent human being.

---


On a lighter note, we've just hit 660k bitcoin wagered. Hopefully 2017 will see us as the most popular bitcoin gambling site, I hope =)
newbie
Activity: 3
Merit: 0
December 27, 2016, 08:05:47 PM
No but, i believe the situation that happen and with the screenshots and everything showing you that i couldn't even cancel a bet and it still betted my money....never mind just please check you email.

As I've explained, I've carefully gone over the logs and the server behaved exactly as expected. While I'd love to have the margins to hand out money, bustabit operates on one of (or the?) lowest margins in the business and it simply isn't economically viable for me to refund losing bets. That is unfortunately non-negotiable and final, even if it means I get a bad review here and reddit.



IT WAS NOT A LOOSING BET IT WAS A LAG IN YOUR SERVER DONT SAY REFUNDING A LOOSING BET!

I did not have the opportunity to cancel a bet nor stop it.

I mean i sent you the photos Ryan Harvar. I proved it wouldn't let cancel a bet 2 bets before the last one also timed out and it even skipped 2 bets before placing another bet then connection lost. I mean i showed you were the screen frooze and i couldn't stop a bet. I had time to take 2 screens shots of it with the same numbers come on now!! for something to be blackmail some 1 must have did something wrong. I didn't want to take to the forum Ryan i just want my email and the right thing done. I can accept losses i mean you seen that on my accounts but im not willing to accept a issue that was with your server costing me to have invalid loses. And as stated by your own buddy when disconnected it should have immediately stopped and it didn't. I did not cash me out. He said you have a problem with the delay being off and he helped you with it. So im not sure why you are not trying to be honestly and refund the 52k bits and part ways. Thats just wrong. Any site would make it right on there behalf. Especially if the proof is in the basket. I sent you pictures i sent the proof what more did i need ryan?


funny thing is "rhavar"'s name isn't even ryan.
he is this user: https://bitcointalksearch.org/user/espringe-310298 lol
he fake sold the site to himself haha

mexican cunt
newbie
Activity: 14
Merit: 0
December 27, 2016, 07:29:21 PM
No but, i believe the situation that happen and with the screenshots and everything showing you that i couldn't even cancel a bet and it still betted my money....never mind just please check you email.

As I've explained, I've carefully gone over the logs and the server behaved exactly as expected. While I'd love to have the margins to hand out money, bustabit operates on one of (or the?) lowest margins in the business and it simply isn't economically viable for me to refund losing bets. That is unfortunately non-negotiable and final, even if it means I get a bad review here and reddit.



IT WAS NOT A LOOSING BET IT WAS A LAG IN YOUR SERVER DONT SAY REFUNDING A LOOSING BET!

I did not have the opportunity to cancel a bet nor stop it.

I mean i sent you the photos Ryan Harvar. I proved it wouldn't let cancel a bet 2 bets before the last one also timed out and it even skipped 2 bets before placing another bet then connection lost. I mean i showed you were the screen frooze and i couldn't stop a bet. I had time to take 2 screens shots of it with the same numbers come on now!! for something to be blackmail some 1 must have did something wrong. I didn't want to take to the forum Ryan i just want my email and the right thing done. I can accept losses i mean you seen that on my accounts but im not willing to accept a issue that was with your server costing me to have invalid loses. And as stated by your own buddy when disconnected it should have immediately stopped and it didn't. I did not cash me out. He said you have a problem with the delay being off and he helped you with it. So im not sure why you are not trying to be honestly and refund the 52k bits and part ways. Thats just wrong. Any site would make it right on there behalf. Especially if the proof is in the basket. I sent you pictures i sent the proof what more did i need ryan?
newbie
Activity: 14
Merit: 0
December 27, 2016, 07:20:36 PM
Umm i think you have this a little wrong. Also, i emailed you about the situation im just waiting your reply. I said i would leave my feedback.

Ah, I see. I some how got the mistaken impression that you were going to leave a bad review/feedback if I didn't give you money. Sorry about the confusion.

No but, i believe the situation that happen and with the screenshots and everything showing you that i couldn't even cancel a bet and it still betted my money....never mind just please check you email.

Never encountered any problem with bustabit. One of the few sites that I trust. Also, to gamble here, you have the tendency to lose and win.

I thought it was decent but im still waiting for his reply.
legendary
Activity: 1036
Merit: 1002
December 27, 2016, 06:52:14 PM
Umm i think you have this a little wrong. Also, i emailed you about the situation im just waiting your reply. I said i would leave my feedback.

Ah, I see. I some how got the mistaken impression that you were going to leave a bad review/feedback if I didn't give you money. Sorry about the confusion.

No but, i believe the situation that happen and with the screenshots and everything showing you that i couldn't even cancel a bet and it still betted my money....never mind just please check you email.

Never encountered any problem with bustabit. One of the few sites that I trust. Also, to gamble here, you have the tendency to lose and win.
newbie
Activity: 14
Merit: 0
December 27, 2016, 06:36:28 PM
Umm i think you have this a little wrong. Also, i emailed you about the situation im just waiting your reply. I said i would leave my feedback.

Ah, I see. I some how got the mistaken impression that you were going to leave a bad review/feedback if I didn't give you money. Sorry about the confusion.

No but, i believe the situation that happen and with the screenshots and everything showing you that i couldn't even cancel a bet and it still betted my money....never mind just please check you email.
newbie
Activity: 14
Merit: 0
December 27, 2016, 06:21:54 PM
Here in a few i will me commenting on my experience here!!

You will find I don't respond well to blackmail. But I'm happy to go through that song and dance if you want to waste both of our time.

Umm i think you have this a little wrong. Also, i emailed you about the situation im just waiting your reply. I said i would leave my feedback earlier just didnt have the time. But wow OK.
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