Topic: bustadice – Dilution fee lowered to 1% - page 27. (Read 37217 times)

Licenses for the bustabit v1 software are available for sale. Contact me at [email protected] for details.

I would like to know if the script of bustabit is for sell, some kind of license to use the script? This script can be used to others coins ?

Jesus Christ every time I see devans responding the way he does I feel like Rhavar found a proper person to continue his legacy. Just marvelous mate. You could not purchase a better PR yourself with all the money you make that would help you out more than how you present yourself. There is no PR that is more valuable than just being a straight up decent owner.

You didn't went full at it you didn't shame anyone, you just showed the mistake and how it could be checked and you even "accepted" some sort of fault for UX which you really didn't had to at all. This is why I love bustabit, dice has never been more favorite game so I haven't checked this topic ever and the first time I come here this is what I see.

Definitely would have expected this sort of awesomeness from you though so no need to be shocked Keep up the great work man.

bustadice is offline for server maintenance and will return in approximately three hours. I will update this thread once we're back online.

bustadice is back online.

No need to apologize, it could have confused me as well! Thank you for bringing the UX issue to my attention.

Your client seed is "aAu5dgh6frelia aZerfchf5hso aShig5dski " (with a space character at the end) rather than "aAu5dgh6frelia aZerfchf5hso aShig5dski". All of your bets can be verified correctly with the right client seed.



I'll have to give it some more thought, but you're most likely right about that.

Wow, yep you are right So I take my words back. So sorry, guys

When I use:


With a " " (SPACE) after clientseed (just like your message has a space after the clientseed), I do get the correct 1.09x result. Same with 22.17x.

Considering there are other spaces in that clientseed, it seems likely the space after it is legit too. So to me it seems all fine. Please double check if there is a space after clientseed

PS, ideally spaces wouldn't be allowed in clientseed so there is no such confusion.

Okay, registered here just to tell everybody about scam from developers of bustadice.com. You tell about "fair" play?
Here you are example of 3 bets where multipliers are not consistent with verify page:

https://bustadice.com/bet/1Lv8lA3oVely8S3ZL8MrJm0VjZ
Screenshot with info
https://imgur.com/sPvmTIl
server hash 9a01e0d0383e582c29fbdc2dd57fb1b0d2ad495886ddba39fe24382c6a522b8f
client seed aAu5dgh6frelia aZerfchf5hso aShig5dski
nonce 91680

Okay I revealed server seed:
473dd365bcd777f066a79edc8ba4adb6fa4e3a50bdc2fd9584f7c960ce5777d8_12fcca02f23fe2 fc89a81e4808eb9478d51522e3138314bbea2168f054bd3382

And what do u think? When I check the data on
https://bustadice.github.io/verifier/
I get 2.58x!! Not 1.09 or something below target.

Same shit with this bet:
https://bustadice.com/bet/gQxrPdj24L7WZH01wK2KnXew4O
Screenshot with info
https://imgur.com/OLDof91
nonce 91671
Verifier tells that I will get 22.9. BUT NOOO! I get 1.02.

Ok, check some profitable bet:
https://bustadice.com/bet/DEOlpgq2XeQWVSVbP7B9XKJL3k
Screenshot with info
https://imgur.com/DHezrNt
nonce 91675
Same inconsistency - 8.29 vs 22.17

Developers, please explain that.

Usually I post an overview of the changes on the day of the update. I apologize for only doing it now.

For a brief moment the FAQ incorrectly said 2:1, but the maximum leverage has actually only been reduced to 3:1. As bustadice now has the largest bankroll of any Bitcoin casino at nearly 4,900 BTC, my focus is on achieving a stable bankroll rather than an even larger one. In order to do that I want to encourage long-term investments and discourage leveraging. Raising the dilution fee accomplishes both and decreasing the offsite caps prevents investors from (ab)using the offsite system to leverage by too much.

It goes without saying that nobody is being margin-called or forced to divest. The new limits only affect any new investments or changes made to existing investments.

I noticed that the bankroll investing maximum leverage is decreased to 2:1 today and the dilution fee is 2% now. Is there a reason behind this change?

What do you mean? I believe bustabit is the pioneer of every single crash game that you played nowadays and now they have a newer version as I recall. So if you think bustadice is going to be great in the future, then you must already be wrong. Just because of having bustabit in the first place then they can create their bustadice. Both are a great sites so if you want to get a crash game, you can go bustabit and for dice is bustadice. This is pretty easy yo remember

A very nice response. Now that you are one of the trusted members in this forum and Bustadince has establish itself in the heart of many of us here because of your sincerity and hard work I believe bustabit is going to also become great in future.  I came across it for the first time and I am heading to the site to find opportunities over there.  May you be increase sir.

I will post here in the Bustabit thread I just found, hopefully it will be a more appropriate thread: https://bitcointalksearch.org/topic/bustabit-the-original-crash-game-2897545

Thank you

bustadice and bustabit are both owned by myself and share some code. I'm not in dispute with BetKing and Dean doesn't owe me anything. Since it doesn't affect bustadice I kindly ask you to discuss it in a more appropriate thread.

What is the connection between Bustabit and Bustadice?

Both website templates look the same, are they owned by different people?

An allegation of Dean Nolan from betking owing 2 BTC for outstanding licence fees has been made here:
https://bitcointalksearch.org/topic/m.47317090

And was listed here: https://www.bustabit.com/license.txt

After the allegation was made in the thread (https://bitcointalksearch.org/topic/m.47317090) betking was removed from the scammer list here:  https://www.bustabit.com/license.txt

It looks like to save himself from bad PR and as a direct result of the allegation being posted, the 2 BTC was paid by Dean Nolan. He refused to even acknowledge that post from game-protect too even though he responds in other threads. Something does not add up.

Can anybody shed any light on this please?

It's not really, it's just differently risked. It's important to note that you can't *purely* offsite invest (otherwise if someone won money, you'd technically have a debt to the site which they know they probably would never be able to collect) so your onsite investment kind of acts like collateral.

So when ever you use offsite, you're always over-exposing your onsite investment and need to keep an eye on it. Honestly I recommend extreme caution with offsite, because it can easily blow up in your face. While with onsite, you can safely just set it and forget it and come back in months.  

Last time there was a big whale on bustabit, after he won a couple hundred bitcoin -- some investors heavily increased their offsite (hoping to profit a lot if the whale busted). The whale kept winning for a while, which ended up margin closing some of the investors position, and then soon after the whale busted all his profits. Based on my rough calculations (looking at my stake vs site profit), in total investors didn't really make any money -- but there was a wealth-transfer of ~200 BTC from heavily offsited investors to investors who didn't get margin called.

So that's a risk you face when you use offsite, that you don't have when you invest "normally". (Although to be fair, if the whale never busted before investors reinstated their position that margin-call would've helped..)


tldr;  offsite exposes you to more risks against casino variance, while onsite exposes you to more risk vs exit-scams and such

Thanks for the info, especially those numbers. So that means around 1.7% profit in around 17 days. I guess that's how far a genuine, passive and less risky investment can get you.


Thanks for the details. But I want to know how come onsite and offsite have same returns when online investing is more risky?

Hm, not quite. The onsite is constantly changing, because it represents how much money is "physically" in the casino bankroll. So if someone loses 100 satoshis gambling, it'll go up by 99.75 satoshis (the difference between the two is commissions which goes direct into Dans pocket). So it is guaranteed to be constantly fluctuating, as people are literally gambling against it.

The offsite however will only[1] change when investors explicitly request that it is it changed on their behalf. This probably doesn't happen much as bustadice discourages changing your exposure by charging a dilution fee (I think it's 1 or 2% now) by what ever amount you increase it.

Now 1 BTC in offsite and 1 BTC in onsite investment will have the exact same return. The difference is 1 bitcoin in onsite represents what you have physically deposited on site, and the 1 bitcoin in offsite represents what you're risking but haven't deposited.  The big advantage of using onsite is that you never need to worry about your position being margin-called (you already have all your money there) and can completely passively invest. The big advantage of offsite is that you're keeping your money in your own wallet, so if there was a hypothetical exit-scam you wouldn't lose it.

It's quite an elegant system, but honestly a bit too complex I think. For 99% of people, I think they'd be better off sticking purely to onsite.

Just look at "Overview" on investing page (https://bustadice.com/invest) - "Onsite bankroll" value constantly changes, but "Offsite bankroll" does not change at all. I think, "onsite" investment more profitable, but riskier; "offsite" - stabler, but less profitable.

I invested on August 27th 0.4 btc, now i see 0.40681439 btc in my stats. Better than nothing nevertheless.