bustabit.com -- The Social Gambling Game - page 7.

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: dogevisitor on September 10, 2017, 10:18:30 PM

Have you ever considered actually opening a true wallet service?

Yeah. I actually have all the pieces that could make a really kick-ass wallet service (at least if you care about fees and on-chain privacy). The main problem is just that I'm really constrained for time. I'm already pretty delayed for bustabitv2 (I really wanted it out 6 months ago), no small part because of side-tracking with stuff like integrating a constraint-solver for handling withdrawals in a privacy/fee maximizing way

But if after the bustabitv2 launch everything is going smooth, I might split out the code to make a special wallet service =)

dogevisitor

sr. member

Activity: 351

Merit: 250

Quote from: RHavar on September 10, 2017, 09:59:49 AM

Quote from: KloNEM on September 10, 2017, 07:22:21 AM

Hi Ryan,

could you please think about (at least temporarily) lowering the withdrawal fee ? In the last days, BTC fee level has been clearly decreased, so I think that 700bits is unnecesarily high fee now. I guess lowering into ~ 400bits would be more than enough. Thanks.

Sorry about that, yeah it definitely should be lower. I made the mistake of hard-coding that value into the configuration file, with the only way of changing it reset the web-server. Which wouldn't be so bad, except I also made the mistake of storing mutes in memory Angry

So I've dropped the withdrawal fee now, but it won't kick in until I reset the webserver (when ever that is).

Fortunately in the next release (which is getting very close!) both of those issues are fixed, and withdrawals are going to be way cheaper. Like crazy cheap (thanks to me spending over a month optimizing coin selection and partial batching and what not Tongue

).

Have you ever considered actually opening a true wallet service?

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: game-protect on September 10, 2017, 06:51:12 PM

WARNING!

There still is no governmental or regulatory framework governing online gambling or eGaming whatsoever, as such no official Costa Rica Online Gambling License designed to deal with e-gaming (gambling over the Internet) exists.

The absence of legislation governing online gambling operations or administration from Costa Rica means very clearly that a Costa Rica Online Gambling License does NOT exist!

As no special Costa Rica Online Gambling License exists or is required in Costa Rica, the business is operated by a specifically registered Costa Rican Company.

This provides for all the profits from the company to be tax free and indemnifies the directors from liability!

You're wrong on a few points, (e.g. Costa Rica companies aren't tax free, among other taxes they need to for pay a 15% withholding tax on all money taken out of the company), but your post is more or less on the mark.

If players want to be sure the game is fair (as they should) they will need to verify the provably fair scheme, which offers some strong guarantees. This is far better than blindly trusting a regulator is able to completely supervise it (which is technically not feasible, and never happens).

game-protect

hero member

Activity: 1344

Merit: 507

WARNING!

There still is no governmental or regulatory framework governing online gambling or eGaming whatsoever, as such no official Costa Rica Online Gambling License designed to deal with e-gaming (gambling over the Internet) exists.

The absence of legislation governing online gambling operations or administration from Costa Rica means very clearly that a Costa Rica Online Gambling License does NOT exist!

As no special Costa Rica Online Gambling License exists or is required in Costa Rica, the business is operated by a specifically registered Costa Rican Company.

This provides for all the profits from the company to be tax free and indemnifies the directors from liability!

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: KloNEM on September 10, 2017, 07:22:21 AM

Hi Ryan,

could you please think about (at least temporarily) lowering the withdrawal fee ? In the last days, BTC fee level has been clearly decreased, so I think that 700bits is unnecesarily high fee now. I guess lowering into ~ 400bits would be more than enough. Thanks.

Sorry about that, yeah it definitely should be lower. I made the mistake of hard-coding that value into the configuration file, with the only way of changing it reset the web-server. Which wouldn't be so bad, except I also made the mistake of storing mutes in memory Angry

So I've dropped the withdrawal fee now, but it won't kick in until I reset the webserver (when ever that is).

Fortunately in the next release (which is getting very close!) both of those issues are fixed, and withdrawals are going to be way cheaper. Like crazy cheap (thanks to me spending over a month optimizing coin selection and partial batching and what not Tongue

).

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Quote from: KloNEM on September 10, 2017, 07:22:21 AM

Hi Ryan,

could you please think about (at least temporarily) lowering the withdrawal fee ? In the last days, BTC fee level has been clearly decreased, so I think that 700bits is unnecesarily high fee now. I guess lowering into ~ 400bits would be more than enough. Thanks.

Taken from estimatefee stats: For a standard transaction with 3 inputs and 2 outputs (this is being very generous) to confirm within ≤2 blocks, since the size is 522 bytes and the fee 136 sat/byte it is around 700 bits.

KloNEM

member

Activity: 182

Merit: 11

Hi Ryan,

could you please think about (at least temporarily) lowering the withdrawal fee ? In the last days, BTC fee level has been clearly decreased, so I think that 700bits is unnecesarily high fee now. I guess lowering into ~ 400bits would be more than enough. Thanks.

yudkowske

newbie

Activity: 58

Merit: 0

Quote from: RHavar on September 01, 2017, 09:58:58 AM

Yeah, that's fine

Awesome! I'm about to deposit 1 btc to test the water

May the luck be with me.

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: yudkowske on September 01, 2017, 12:49:52 AM

May i ask what was the largest withdrawal made on your website?

For privacy I'd prefer to not be too specific, but there have been >200 btc withdrawals (that were processed instantly)

Quote

I see people with 80+ btc on their balance (net profit) in the leaderboard. Wondering why are they still holding and if it's even real Cheesy

You can sort and see the biggest winners by net profit:
https://www.bustabit.com/leaderboard?by=net_desc

However, this is *not* their balance. It's just their profit. Profit isn't affected by deposits or withdrawals

Quote

1. Do you ask for any verifications when withdrawing the large sums?

I never have once asked for any form of verification in the past, but I guess it's possible I might need to verify something in the future depending on circumstances. But in general there's nothing.

Quote

2. Am i able to have multiple accounts to test different strategies?

Yeah, that's fine

yudkowske

newbie

Activity: 58

Merit: 0

Quote from: RHavar on August 31, 2017, 07:21:06 PM

But fortunately the next release will be a lot better at this, and there will be two different withdrawal speeds to strike a better balance

Sounds good, thanks for the info. May i ask what was the largest withdrawal made on your website? I see people with 80+ btc on their balance (net profit) in the leaderboard. Wondering why are they still holding and if it's even real Cheesy

Couple of questions:
1. Do you ask for any verifications when withdrawing the large sums?
2. Am i able to have multiple accounts to test different strategies?

RHavar

legendary

Activity: 2557

Merit: 1886

Re: Withdrawals. There's no restriction or intentional delay. Actually when I see large players or people with large balances, I make sure there's a lot of money in the hot wallet to have withdrawals instant. I can't guarantee anything, but I think I've been doing a pretty good job at it. I think it's been >6 months since the last time the hot wallet was empty and couldn't immediately process withdrawals

Quote from: yudkowske on August 31, 2017, 03:29:36 PM

I hope that's true. At the moment i'm waiting for my withdrawal for over an hour already and it still has 0 confirmations.

If your withdrawal doesn't get confirmed within a block, just use bustabit.com/support and ask for a fee bump, and I can prioritize it free of charge. Normally this isn't required, and I'm looking to automate this in the future. It's a really tough balance trying to avoid overpaying for transactions and underpaying =)

But fortunately the next release will be a lot better at this, and there will be two different withdrawal speeds to strike a better balance

yudkowske

newbie

Activity: 58

Merit: 0

Quote from: poordeveloper on August 31, 2017, 03:32:21 PM

So Bustabit has already paid you, you just haven't received it yet

They should add an option for people to pay higher fees in case they want their transactions to be processed quicker.

poordeveloper

hero member

Activity: 896

Merit: 527

₿₿₿₿₿₿₿

Quote from: yudkowske on August 31, 2017, 03:29:36 PM

Quote from: DarkStar_ on August 31, 2017, 03:23:25 PM

No. Bustabit has had some very large withdraws take place as they have quite a few whales, and IIRC no one has ever had to wait days to get withdraws. There's people with over 100 BTC profit and none of them have complained.

I hope that's true. At the moment i'm waiting for my withdrawal for over an hour already and it still has 0 confirmations.

When you say it still has 0 confirmations, I assume the transaction has been sent, right?

Neither Bustabit nor any other Bitcoin site (provided they don't send with a low fee on purpose) can guarantee fast Bitcoin confirmations. It's up to the Bitcoin network (the miners, actually) to choose the transactions which will be confirmed (included in a block) and when.

So Bustabit has already paid you, you just haven't received it yet

yudkowske

newbie

Activity: 58

Merit: 0

Quote from: DarkStar_ on August 31, 2017, 03:23:25 PM

No. Bustabit has had some very large withdraws take place as they have quite a few whales, and IIRC no one has ever had to wait days to get withdraws. There's people with over 100 BTC profit and none of them have complained.

I hope that's true. At the moment i'm waiting for my withdrawal for over an hour already and it still has 0 confirmations.

DarkStar_

legendary

Activity: 2772

Merit: 3282

Quote from: yudkowske on August 31, 2017, 01:16:58 PM

Quote from: devans on August 31, 2017, 01:14:04 PM

Quote from: yudkowske on August 31, 2017, 12:07:35 PM

Are there any withdrawal limits on this website?

You can't withdraw more than your balance, obviously. Otherwise there aren't any limits or restrictions.

Haha yeah but what i'm asking for is does this website have any issues with withdrawals? Some casino sites delay withdrawals or deny to make it at all, especially large sum (10btc+) that's why i'm concerned.

No. Bustabit has had some very large withdraws take place as they have quite a few whales, and IIRC no one has ever had to wait days to get withdraws. There's people with over 100 BTC profit and none of them have complained.

yudkowske

newbie

Activity: 58

Merit: 0

Quote from: devans on August 31, 2017, 01:14:04 PM

Quote from: yudkowske on August 31, 2017, 12:07:35 PM

Are there any withdrawal limits on this website?

You can't withdraw more than your balance, obviously. Otherwise there aren't any limits or restrictions.

Haha yeah but what i'm asking for is does this website have any issues with withdrawals? Some casino sites delay withdrawals or deny to make it at all, especially large sum (10btc+) that's why i'm concerned.

devans

sr. member

Activity: 528

Merit: 368

Quote from: yudkowske on August 31, 2017, 12:07:35 PM

Are there any withdrawal limits on this website?

You can't withdraw more than your balance, obviously. Otherwise there aren't any limits or restrictions.

poordeveloper

hero member

Activity: 896

Merit: 527

₿₿₿₿₿₿₿

At the footer of your site it says "Bustabit.com is fully owned and operated by MoneyPot S.R.L. a Costa Rican gaming company (License No. 3-102-700828)"

I guess you haven't updated that information yet?

yudkowske

newbie

Activity: 58

Merit: 0

Are there any withdrawal limits on this website?

rcoins0720

full member

Activity: 253

Merit: 100

Quote from: espringe on July 29, 2014, 01:06:05 PM

Quote from: hosumfu on July 29, 2014, 06:39:05 AM

can give some to try??
1C7VMBwL1DEnxGvEE9zPWkUgK4QiT6QrS8

my id is williamho

There's a builtin faucet, that gives out 2/bits an hour -- which is enough to play at the 1 bit table for a while =)

the chances rather are very small

Topic: bustabit.com -- The Social Gambling Game - page 7. (Read 293500 times)