Topic: bustadice – Dilution fee lowered to 1% - page 26. (Read 37217 times)

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?

BUT couldn't an owner just physically plug into the box (server) and gg you still?

I am happy this sites is doing well too.  I just opened account with my friend who is a gambler and he is winning some Wager.  I could have buy this script to establish a gambling business in my country iF I have deep knowledge on how gambling sites and betting sites works.  Hope the team keep the good jobs!

Though it is definitely a trust increasing facility it would be almost lost on most gaming scenarios as in any outcome the result cannot be known in advance (dice, roulette, etc)

Nice work though and a great concept to come up with.

I wonder in which scenarios something like that could be best utilised or implemented

Not that I'm aware of. Although I'll add it's only suitable for some games. For instance it'd never work in bustabit, because the server needs to know the game outcome (bust) before players are finished making decisions (e.g. they can cashout in real time).

But if I ever got back into gambling (which I have no intention of...) there's no way I'd do it without such a system. The piece of mind knowing wins are legitimate is huge.

Now this seems a highly attractive feature. Has any website used anything like this before?

Actually there is, and bustadice has it implemented!

I made a high-level overview of how it works here: https://gist.github.com/RHavar/285c295f7906e03369cd66580a1b5f45 and you can check bustadice for the actual nitty details.  But the tldr; version is that there's two server seeds. I know one, Daniel knows one. He can't "play against the house" because he doesn't know the seed I'm using.


I do think you're right about putting myself in a sticky spot though. But more due to me being one of the 2-of-3 key holders for BaD's cold storage. I originally did this because as I can audit the game results, I could check and see if there was any funny business, I can refuse to process transactions from cold storage.

But after thinking a bit more about attack vectors, I realize there's something I didn't think of earlier: Daniel could fake a bank-run. Maybe intentionally get some bad publicity, then act like almost all investors have divested (e.g. 90%) and then he tells me to sign the transaction, because he needs to pay investors back. Since I can only audit game results, and there's no cheating on the game results there's nothing I can say. And then instead of paying investors, he just puts it in his pocket and exit scams.

So I believe I can state with a high amount of certainty that the stats on bustadice.com are legitimate and importantly all big investor wins are totally legitimate.

And while there's a lot of benefit in Daniel not being able to undetectably rip off investors, the cool thing is actually the guarantees I provide Daniel. Let's say I got hacked, there's nothing I can really do (by design). And if Daniel got hacked ...  just knowing Daniel's server-seed is not enough to predict games, so the attacker would not be able to undetectably cheat. Which I think is a huge deal. I remember always my biggest fear running a casino is that my system got compromised and someone was able to feign being lucky whale(s) and just draining the site dry.


Anyway, it's a super cool system. I've even considered offering it as a service (auditor-as-a-service) but I've been a bit busy to build such a thing.

It is an alt-account created by scammer Dean Nolan to specifically to post here because I mentioned Bustabit and Bustadice were reputable.

He posted it last night when he was having a rant using alt-accounts to follow me around and when those seeking freebie EOS tokens bounty to post pro-betking nonsense and attack me

There is no way for a game to be guaranteed or provable fair to investors.

I don't understand why you would put yourself in such a sticky spot on purpose?

Important: There is no guarantee to investors on provably fair sites because the owner can still play within the rules and "beat you fairly".  These sites are only proveably fair to players... NOT investors, it isn't possible to prove.  Unless I'm outside on something new.

So sorry about your lost mate it's very frustrating if you have lost that much but next time, don't blame your misfortune to the casino where you gamble.

Don't forget that you should gamble what you afford to lose.

Nah, it's very unlikely. If it was a competitor spreading bullshit, they'd just make up an outright lie (e.g. "I tried to withdraw 3 btc, so the admin just deleted my account and won't respond to my messages!") and turn it into a confusing mess.

I think most likely the person was playing and hit some really bad luck. Possibly crazy bad luck. When it happens to you, it's pretty hard to believe and it's pretty natural to think you're getting cheated. It's happened to me before, like martingaling and hit like 7 loses in a row. wtf? Stop and make some dust bets and everything looks normal, and continue and just get punished again. Fortunately I know enough about crypto and maths to be able to verify bets and check if I was unlucky or cheated, but I realize that very few people do so (or are able to).

So @zaketej  I'd recommend sending a message to support (bustadice.com/support) and ask for help with how to verify your bets (although to robustly do so, you'll need to have recorded the server-seed-hash/your-client-seed before starting). It won't help get your money back, but it might give you some peace of mind knowing you weren't cheated.

(Disclaimer: I'm currently acting an auditor of bustadice, and can cryptographically verify the bet-results. However it's only really got decent guarantees for investors, for players they are much better off verifying their own bets. It's also only a useful service if you believe I'm independent from Daniel, which while true, I wouldn't blame anyone for doubting... But fortunately players can trustlessly verify their own bets )

Or a competitor spreading bullshit.

Another gambler has fallen. Losing huge amount on a site then claiming it as rigged one which isn't surprising with these kind of attitude.Just move on buddy and stop playing gambling
if you cant just accept that you lost.You should know on whats gambling in the very first place.

I don't recommend gambling.

I lost 3 BTC to this shit site, rigged af.

PLEASE DON'T GAMBLE! EVEN NOT ON THIS RIGGED SITE TRASH.

i triedto send him a private message but when i tried it said he doesnt accept from newbies to post on one of the threads he had recently posted in to ask him for a pm im new to the site so idk

This forum thread is about bustadice.com. NLNico isn't affiliated with bustadice and probably won't see every comment here. If you want to get in touch with him, I recommend sending him a private message instead.

hi NlNico iwas reading an old post on provably fair dice and tried to send you a message regarding faucethubs rambo dice to find out if its ever been verified because i can verify the rolled numbers with the hashed server seed they supply but when i try to verify the hashed seed using the sha system i think it was i cant get the hashed numbers to match up what faucethub shows is way different than what the sha system is showing and alot of people have been noticing loss/win ratio has exceedingly rose to definitely being almost purely to the house anyway was hoping to find out if anybody has ever verified that site as its run by mexicantarget who obviously ran a bitcoin gaming site while back that folded up any way i appreciate any response thank you so much happy trails

It seems devans is a very patient and calm person. Well done to him.

That scammer from betking (Dean Nolan) should have learned a thing or two from devans in how to deal with customers and investors.

I was not aware of that, that might definitely explain it.

Thank you!

AFAIK the "max leverage ratio" was lowered once, so that could cause an error for you now.

I have a question that perhaps someone here can help me with?

I invested 2 BTC on bustadice a while ago, with the 5x leverage option, so basically I had 1.96 BTC "onsite" and ~7.8 BTC "offsite".

The investment has been profitable and so now I have ~3 BTC "onsite" and still ~7.8 BTC "offsite".

When I try to de-invest .5 BTC from my "onsite" balance bustadice keeps returning an error message: "That would cause you to become overleveraged. Decrease your offsite investment first.", however the amount of BTC I'm leaving onsite after de-investing .5 (~2.5) is still more than enough by far to cover the leverage ... am I missing something here?

Cheers all!