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Topic: bustabit.com -- The Social Gambling Game - page 7. (Read 293954 times)

sr. member
Activity: 1764
Merit: 373
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October 02, 2017, 02:57:31 PM
Hi, is the site still actively working or it got closed as i am not able to open the site for the past more then 1 hour, Below isthe message i am receiving it when trying to open the site in Google Chrome and Mozilla Firefox browers

This site can’t be reached

www.bustabit.com’s server DNS address could not be found.
DNS_PROBE_FINISHED_NXDOMAIN


Can anyone confirm that the site is still working or not. as for the past long time i have not used the site and today only i am trying to open as wanted to play some game.

No problem here as I tried it in my phone. (I'm based in the Philippines) if that makes a difference.

perhaps, it is an error from your end?
hero member
Activity: 1008
Merit: 515
October 02, 2017, 02:47:17 PM
Hi, is the site still actively working or it got closed as i am not able to open the site for the past more then 1 hour, Below isthe message i am receiving it when trying to open the site in Google Chrome and Mozilla Firefox browers

This site can’t be reached

www.bustabit.com’s server DNS address could not be found.
DNS_PROBE_FINISHED_NXDOMAIN


Can anyone confirm that the site is still working or not. as for the past long time i have not used the site and today only i am trying to open as wanted to play some game.

No problems here. It's most likely on your end.
I have google chrome, and it works just as good as other days.
legendary
Activity: 1190
Merit: 1002
October 02, 2017, 02:43:42 PM
Hi, is the site still actively working or it got closed as i am not able to open the site for the past more then 1 hour, Below isthe message i am receiving it when trying to open the site in Google Chrome and Mozilla Firefox browers

This site can’t be reached

www.bustabit.com’s server DNS address could not be found.
DNS_PROBE_FINISHED_NXDOMAIN


Can anyone confirm that the site is still working or not. as for the past long time i have not used the site and today only i am trying to open as wanted to play some game.
newbie
Activity: 1
Merit: 0
September 30, 2017, 06:23:21 AM
Why exactely are you wanting to built in the investment feature? Is the current bankroll not large enough to sustain large bets? Have there been requests for making a higher max bet (I don't know if it exists, but I can imagine so).

I guess it comes down to a few things: Offering bigger bets will definitely be nice, it's pretty commonly requested by whales. The current max-bet is 1 bitcoin, which is pretty small compared to some other sites. But even so, largely because of the low amount of games per day (and everyone playing them at the same time) there's a *lot* of variance: (e.g. I think today I made ~50 BTC, and yesterday lost about the same) you can can see here: https://dicesites.com/bustabit


It'll also help in that investors will have to pay 25% of the expected value, regardless of how the site performs -- so that will also lower my variance considerably.

But probably the biggest reason, is I hope that the invest system makes bustabit itself a more interesting/popular/vibrant community. Giving people the option to share in bustabit's success (even if they only invest $50) I think has the potential to cause the the site significantly. I'm also expecting that I will be the vast-majority investor (I have a huge advantage over other investors: I have no counter-party risk) -- so even if it only achieves a modest increase in the site volume -- I think it'll be a net plus.

And finally, it gives me a lot more personal economic freedom. Pretty much >99% of my personal net-worth is tied up in bitcoin. One big reason I've been reluctant to diversify is that I really do need a bit stack of bitcoin for the bankroll (e.g. around this time last year, I lost >400 BTC bitcoin to a very unlucky month). If there's enough investor interest to the point the bankroll is bigger than it needs to be (e.g. players are no longer constrained by the bet limits), I'll feel a lot freer to start taking my own money out.

I can understand that, no one should honestly have their entire net in 1 thing, even bitcoin.

What I can't understand is why you don't simply continue to operate the site as is, and then just turn some of your own bitcoin into fiat (or whatever you choose).

You aren't saying that if you don't keep all of your profit from bustabit in bitcoin, that the entire site would cease to exist are you?

It's no secret that you've amassed a fortune over the past few years, one that would put some second string NBA players to shame, heck you probably put the first stringers to shame as well.

How is collecting pittances from the guys who already provide you with that wealth going to help de-risk you? Or is this about more profit with less risk, rather than less profit and less risk?

Thanks.
member
Activity: 71
Merit: 10
September 30, 2017, 01:10:00 AM
I'm hoping it's a percent rebate to all the players that helped donate 2400+ btc to Ryan. cough cough...
legendary
Activity: 1974
Merit: 1014
All Games incl Racer and Lottery game are Closed
September 29, 2017, 11:42:12 PM
Why exactely are you wanting to built in the investment feature? Is the current bankroll not large enough to sustain large bets? Have there been requests for making a higher max bet (I don't know if it exists, but I can imagine so).

I guess it comes down to a few things: Offering bigger bets will definitely be nice, it's pretty commonly requested by whales. The current max-bet is 1 bitcoin, which is pretty small compared to some other sites. But even so, largely because of the low amount of games per day (and everyone playing them at the same time) there's a *lot* of variance: (e.g. I think today I made ~50 BTC, and yesterday lost about the same) you can can see here: https://dicesites.com/bustabit


It'll also help in that investors will have to pay 25% of the expected value, regardless of how the site performs -- so that will also lower my variance considerably.

But probably the biggest reason, is I hope that the invest system makes bustabit itself a more interesting/popular/vibrant community. Giving people the option to share in bustabit's success (even if they only invest $50) I think has the potential to cause the the site significantly. I'm also expecting that I will be the vast-majority investor (I have a huge advantage over other investors: I have no counter-party risk) -- so even if it only achieves a modest increase in the site volume -- I think it'll be a net plus.

And finally, it gives me a lot more personal economic freedom. Pretty much >99% of my personal net-worth is tied up in bitcoin. One big reason I've been reluctant to diversify is that I really do need a bit stack of bitcoin for the bankroll (e.g. around this time last year, I lost >400 BTC bitcoin to a very unlucky month). If there's enough investor interest to the point the bankroll is bigger than it needs to be (e.g. players are no longer constrained by the bet limits), I'll feel a lot freer to start taking my own money out.

I fully understand the reasons and it makes fully sense to invite Investors. may I ask why not an ICO? I am sure your ICO would succeed but I would be interested to understand your reasoning why you decided for Investors to put their coins  direct into the Bank Roll  (I personally like it more that an ICO)

thx
hero member
Activity: 1008
Merit: 515
September 29, 2017, 10:15:43 PM
@RHavar I do like the layout of the beta (I guess ??), but one question remains.

Why exactely are you wanting to built in the investment feature? Is the current bankroll not large enough to sustain large bets? Have there been requests for making a higher max bet (I don't know if it exists, but I can imagine so).
sr. member
Activity: 616
Merit: 252
September 29, 2017, 12:09:01 AM
I enjoyed playing bustabit before and have tried many combinations so that I can win even if there will be multiple crashes. It seems effective at first then revise again my strategy because I would have losing streaks. Greediness is really your enemy in this kind of game because seeing your money multiplied in just a couple of rounds is so exciting but if there will be multiple crashes and I use martingale then I would end up in a loss again. I am still in red in this site but I was able to withdraw about half of my initial capital on it.
legendary
Activity: 966
Merit: 1006
September 28, 2017, 11:50:09 PM
Yeah, that is coming with the v2 release (which you can play around with at dev.bustabit.com )
Investment feature will be a nice addition on bustabit and the new homepage design is really nice. However it looks like game play withdow will not be changed a lot.

A new logo is just awesome compared to what bustabit have before. When this new version will be released?
hero member
Activity: 994
Merit: 502
September 28, 2017, 11:34:19 PM
Your releasing the investment feature i guess...

Thought that was baked into v2?

Yeah, that is coming with the v2 release (which you can play around with at dev.bustabit.com )

So this is something additional?
hero member
Activity: 994
Merit: 502
September 28, 2017, 10:48:55 PM
Your releasing the investment feature i guess...

Thought that was baked into v2?
newbie
Activity: 11
Merit: 0
September 28, 2017, 05:42:16 PM
Your releasing the investment feature i guess...
legendary
Activity: 930
Merit: 1010
September 17, 2017, 03:53:09 AM
How's the investment feature coming along? Is that still on track to be released?
legendary
Activity: 2030
Merit: 1189
September 14, 2017, 04:18:26 PM
Maybe I'm reading it wrong, but it looks like they are saying that some games are crashing at very low numbers (which would make most if not all players lose when some of them would have won) when they should be crashing at higher numbers. 

You're reading it right. It's not clear to me if 7mbtc.com is intentionally manipulating results (e.g. adjusting it in response to a whale or something), or has altered their house-edge/formula and not properly advertising it.

Do you have access to the game results to see if certain people were or were not betting during the early bust times?  There is a long stretch of bets that they didn't deviate, maybe something can be gleaned from that info. 

Also, if they had altered their house edge (in a fair way), would it only crash lower on already <1.97x crashes?  Wouldn't it be lower across the board?
legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
September 14, 2017, 03:51:11 PM
So thanks to the extensive research of vadoff, you can see potentially manipulated results from (7mbtc.com) in purple:
https://jsfiddle.net/vadoff/r4kp44Lv/1/embedded/result/

I can't come up with a good explanation for how this would be happening, and it means their house edge isn't matching what they are advertising. I will update the bustabit.com/license.txt file to reference this post

So they are only manipulating winning bets by paying out less than they should?

If I were a cheater that owned a site like this, that's what I would do.  Players are much less likely to scrutinize a winning bet.

Does 7mbit.com have any presence on this forum?



Maybe I'm reading it wrong, but it looks like they are saying that some games are crashing at very low numbers (which would make most if not all players lose when some of them would have won) when they should be crashing at higher numbers.  For example:

27807ebb19abb46b215a159430ec701b1ff062867b9458eef139bb782f4c8536   should have crashed at 1.13   but crashed at 1.10

eb18dca6fa47714a37f95622a760a8a87061b48b80da3c9f5b2c64bd26baf566   should have crashed at 1.43   but crashed at 1.01

d1a0c7681205d1150beb27fa36f0062999d0fbb87fc2e160e43aae30500a35d6   should have crashed at 1.48   but crashed at 1.02

8887f6e956118c1625878bb46d2754c03f3983dd6f11a33d44537e9e8028f9a9   should have crashed at 1.63   but crashed at 1.00

0aea96252b1f5a6b72672a8930006c9d62e4dd67e2a9dc1933797b5629ab231a   should have crashed at 1.66   but crashed at 1.01

9f01292ec66a211bd09bdfeb744392b3ccf43d70fd2b8d7c3e1bfb4a20fb097a   should have crashed at 1.21   but crashed at 1.08

e97d35503abc8f9480226e6192efaf7780982e0ad04e553858ffef7d085774bb   should have crashed at 1.90   but crashed at 1.09

Ahh, that makes sense.  I was totally wrong - clearly a Bustabit n00b
legendary
Activity: 2030
Merit: 1189
September 14, 2017, 03:43:11 PM
So thanks to the extensive research of vadoff, you can see potentially manipulated results from (7mbtc.com) in purple:
https://jsfiddle.net/vadoff/r4kp44Lv/1/embedded/result/

I can't come up with a good explanation for how this would be happening, and it means their house edge isn't matching what they are advertising. I will update the bustabit.com/license.txt file to reference this post

So they are only manipulating winning bets by paying out less than they should?

If I were a cheater that owned a site like this, that's what I would do.  Players are much less likely to scrutinize a winning bet.

Does 7mbit.com have any presence on this forum?



Maybe I'm reading it wrong, but it looks like they are saying that some games are crashing at very low numbers (which would make most if not all players lose when some of them would have won) when they should be crashing at higher numbers.  For example:

27807ebb19abb46b215a159430ec701b1ff062867b9458eef139bb782f4c8536   should have crashed at 1.13   but crashed at 1.10

eb18dca6fa47714a37f95622a760a8a87061b48b80da3c9f5b2c64bd26baf566   should have crashed at 1.43   but crashed at 1.01

d1a0c7681205d1150beb27fa36f0062999d0fbb87fc2e160e43aae30500a35d6   should have crashed at 1.48   but crashed at 1.02

8887f6e956118c1625878bb46d2754c03f3983dd6f11a33d44537e9e8028f9a9   should have crashed at 1.63   but crashed at 1.00

0aea96252b1f5a6b72672a8930006c9d62e4dd67e2a9dc1933797b5629ab231a   should have crashed at 1.66   but crashed at 1.01

9f01292ec66a211bd09bdfeb744392b3ccf43d70fd2b8d7c3e1bfb4a20fb097a   should have crashed at 1.21   but crashed at 1.08

e97d35503abc8f9480226e6192efaf7780982e0ad04e553858ffef7d085774bb   should have crashed at 1.90   but crashed at 1.09
legendary
Activity: 2716
Merit: 2093
Join the world-leading crypto sportsbook NOW!
September 14, 2017, 03:02:27 PM
So thanks to the extensive research of vadoff, you can see potentially manipulated results from (7mbtc.com) in purple:
https://jsfiddle.net/vadoff/r4kp44Lv/1/embedded/result/

I can't come up with a good explanation for how this would be happening, and it means their house edge isn't matching what they are advertising. I will update the bustabit.com/license.txt file to reference this post

So they are only manipulating winning bets by paying out less than they should?

If I were a cheater that owned a site like this, that's what I would do.  Players are much less likely to scrutinize a winning bet.

Does 7mbit.com have any presence on this forum?

member
Activity: 182
Merit: 11
September 14, 2017, 03:49:29 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).

Yeah, I absolutely understand to you with that hard-coding mistake, I did it the same many times in my "IT life" Wink.

Which is just interesting now for me -- the fee on the blockchain is already lowered (around 157bits), although it is still cutting 700bits from Bustabit account by withdrawal. I supposed that "700 hardcoded bits" will be still used within  the BTC transaction (until you'll restart the server) ?
sr. member
Activity: 351
Merit: 250
September 10, 2017, 09:31:44 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 Smiley

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

You need to hire an assistant haha, or a team
sr. member
Activity: 351
Merit: 250
September 10, 2017, 09:18:30 PM
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?
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