bustadice – Dilution fee lowered to 1% - page 40.

St4yInTh3D4rk

sr. member

Activity: 686

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"STAY IN THE DARK"

Quote from: adaseb on February 15, 2018, 03:27:56 AM

Quote from: St4yInTh3D4rk on February 15, 2018, 02:26:05 AM

Quote from: Itsmylife on February 14, 2018, 10:10:21 PM

Can you add other crypto currencies to play? The fees of bitcoin transaction is too high, it will be a big problem for new users when they want to test your game.

If you really want to test the bustadice website you can just go and test it with the bitcoin itself because the fee is way too cheaper,when I am used to send bitcoins to my bustadice account which is even less than $0.01 only,if you think this fee is too high then you are not supposed to gamble because the chance of losing your money in gambling is more.
But now there is no chance to add any other crypto as per the statement of devans so just do it with bitcoin bro.

The issue is that most people have no idea on how to send bitcoins with a custom fee. Most of the wallet default fees are still over 100sats per byte.

And many people actually transfer their bitcoins from exchanges and most exchanges have very high fixed fees ranging from 50000 to 100000 Sats. Hence for small deposits it's not worth it.

People still didn't change their habit even many exchanges had been hacked recently and they have to understand that they need to store their bitcoin in their wallets not in the exchanges if they are really care about their bitcoins.

mostkey

sr. member

Activity: 742

Merit: 253

Quote from: sheenshane on February 11, 2018, 11:55:08 AM

Quote from: St4yInTh3D4rk on February 11, 2018, 11:34:36 AM

Quote from: Muzika on February 11, 2018, 09:54:58 AM

Quote from: mostkey on February 08, 2018, 04:26:17 PM

Quote from: devans on February 07, 2018, 05:59:53 PM

Eventually perhaps, but I currently don't have any specific plans to accept additional currencies.

do have to think so. because anything that will be done desperately needs a review. although there are many who suggest to open altcoin services for gambling. but maybe you as the owner is worth to consider from all aspects

but still it is great that the gambling site like bustadice will accept different kinds of altcoin because others are prefered to play with alts due to its low fee . I cant see aspects that must be consider will be the hindrance if your site will be the best site ever if you put alts on your site .

He stated that he currently don't have that idea to introduce any other currencies except bitcoin but in future it may be introduced,for as now enjoy playing bustadice with bitcoins and it is a good opportunity for us to topup our bustadice accounts with bitcoin since the price is getting cheaper.

But hopefully mate that will happen maybe they introduce another crypto-currencies someday but as of now let's wait for another improvement in bustadice that maybe sir devans will announcement it here. For sure it takes a long time of process in maintenance for accepting other new coin or altcoins for the top up of your bustadice account. Being of high fees in bitcoin transactions, some gamblers did not invest on gambler site.

we all expect this to happen sooner or later. I'm sure with the ever increasing user in the weekly. alternative altcoin would be helpful for guess who has a small fee to gamble. and only this is still in the discourse. I hope this is immediately done for our comfort together Cheesy

jrrsparkles

sr. member

Activity: 2436

Merit: 272

Eloncoin.org - Mars, here we come!

Quote from: adaseb on February 15, 2018, 03:27:56 AM

Quote from: St4yInTh3D4rk on February 15, 2018, 02:26:05 AM

Quote from: Itsmylife on February 14, 2018, 10:10:21 PM

Can you add other crypto currencies to play? The fees of bitcoin transaction is too high, it will be a big problem for new users when they want to test your game.

If you really want to test the bustadice website you can just go and test it with the bitcoin itself because the fee is way too cheaper,when I am used to send bitcoins to my bustadice account which is even less than $0.01 only,if you think this fee is too high then you are not supposed to gamble because the chance of losing your money in gambling is more.
But now there is no chance to add any other crypto as per the statement of devans so just do it with bitcoin bro.

The issue is that most people have no idea on how to send bitcoins with a custom fee. Most of the wallet default fees are still over 100sats per byte.

And many people actually transfer their bitcoins from exchanges and most exchanges have very high fixed fees ranging from 50000 to 100000 Sats. Hence for small deposits it's not worth it.

I feel pity for the people who uses exchange as their wallets. Roll Eyes

Still many people don't have enough knowledge about crypto currency that's why they are keep saying my bitcoin is hacked.We need to use wallet (which provides private key) to store our bitcoins.
But even in the coinbase the fee is much less now it is about 0.0004BTC at now,But I don't know how much fee on other exchanges.

adaseb

legendary

Activity: 3738

Merit: 1708

CoinPoker.com

Quote from: St4yInTh3D4rk on February 15, 2018, 02:26:05 AM

Quote from: Itsmylife on February 14, 2018, 10:10:21 PM

Can you add other crypto currencies to play? The fees of bitcoin transaction is too high, it will be a big problem for new users when they want to test your game.

If you really want to test the bustadice website you can just go and test it with the bitcoin itself because the fee is way too cheaper,when I am used to send bitcoins to my bustadice account which is even less than $0.01 only,if you think this fee is too high then you are not supposed to gamble because the chance of losing your money in gambling is more.
But now there is no chance to add any other crypto as per the statement of devans so just do it with bitcoin bro.

The issue is that most people have no idea on how to send bitcoins with a custom fee. Most of the wallet default fees are still over 100sats per byte.

And many people actually transfer their bitcoins from exchanges and most exchanges have very high fixed fees ranging from 50000 to 100000 Sats. Hence for small deposits it's not worth it.

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Quote from: Itsmylife on February 14, 2018, 10:10:21 PM

Can you add other crypto currencies to play? The fees of bitcoin transaction is too high, it will be a big problem for new users when they want to test your game.

If you really want to test the bustadice website you can just go and test it with the bitcoin itself because the fee is way too cheaper,when I am used to send bitcoins to my bustadice account which is even less than $0.01 only,if you think this fee is too high then you are not supposed to gamble because the chance of losing your money in gambling is more.
But now there is no chance to add any other crypto as per the statement of devans so just do it with bitcoin bro.

sheenshane

legendary

Activity: 2366

Merit: 1206

Quote from: RHavar on February 14, 2018, 11:35:39 PM

It's worth noting that bustadice/bustabit is already fully segwit compatible (although uses p2sh wrapping for compatibility) and has what is without a doubt the most advanced deposit/withdrawal system in bitcoin fullstop, and is able to pass that cost-savings is passed directly to users. Right now you can do a queued withdrawal for 1.7 bits (~0.016 USD) or an instant withdrawal for (~0.083 USD). And those fees aren't subsidized, that's actually at-cost thanks to a crazy amount of optimizations Grin

I noticed that sir that having a lower fees in withdrawal your bits to bitcoin in bustadice, last month i withdraw my balance in bits from bustadice and it cost 416 bits and now i'm happy to know that only 1.7 bits to withdraw. I don't have bench32 address or segwit address i only used legacy address in withdrawal my balance and it's okay for to wait 4-8 hours, but if necessary to used that newly addresses need well i used it too. Its really having a cost-saving to the users like me who have account in bustadice and enjoying played with it.
Congrats both the bustadice/bustabit for the great site i have ever encountered.

RHavar

legendary

Activity: 2557

Merit: 1886

Quote from: sofi@ on February 14, 2018, 10:42:04 PM

I think in the near future bustadice will adopt these feature since fees are getting higher and gamblers complain much about this. It is just that at this point in time some important issues must be settled first before looking into other matters, but we will go through this.

It's worth noting that bustadice/bustabit is already fully segwit compatible (although uses p2sh wrapping for compatibility) and has what is without a doubt the most advanced deposit/withdrawal system in bitcoin fullstop, and is able to pass that cost-savings is passed directly to users. Right now you can do a queued withdrawal for 1.7 bits (~0.016 USD) or an instant withdrawal for (~0.083 USD). And those fees aren't subsidized, that's actually at-cost thanks to a crazy amount of optimizations Grin

The issue is just that there is currently no bech32 address support, but the trivial way to do it (which might take an hour of coding) can potentially come at a bit of a privacy hit to the hot wallet, so it's worth waiting and doing it properly (i.e. making sure the site can both send to and receive from bech32 addresses, and occasionally use them for change).

sofi@

full member

Activity: 238

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Quote from: Indrawan77 on February 14, 2018, 08:10:21 PM

Quote from: St4yInTh3D4rk on February 14, 2018, 01:31:59 AM

Quote from: adaseb on February 13, 2018, 07:06:37 PM

Quote from: RHavar on February 13, 2018, 07:03:05 PM

Sending to native segwit addresses (i.e. a bech32 address) is pretty easy, but what a site like bustadice probably really wants to is (occasionally) also use bech32 change addresses in order to make it difficult to ever reliably tell what is change and what is the "destination". If you can prevent the identification (and creation) of change enough, you can pretty much break tracking services that primarily rely on wallet clustering to work.

Definitely a cool feature to add though

I agree with what you are saying but i don't think it's for privacy reasons.

I think it's for efficiency reasons. Basically they want the source to be fully segwit and both the destination and destination change ( or segwit hot wallet) all are fully segwit.

This way it would save max space.

But as per the statement of devans he is holding of the bech32 address for the privacy issues.But I am not an expert in these kind of discussion so I don't know what will be the privacy concern if we implement the bech32 address.

As it been mentioned, the transaction using bech32 address is easy to identify, but using repeatedly changing address will be a cool feature to help to maintain privacy, it will be great if bustadice can add the feature, most gambler now is complaining about the fee, and in the future it's best to used segwit address for transaction because its saving cost, by using segwit address
we are helping bitcoin

I think in the near future bustadice will adopt these feature since fees are getting higher and gamblers complain much about this. It is just that at this point in time some important issues must be settled first before looking into other matters, but we will go through this.

DarkStar_

legendary

Activity: 2772

Merit: 3282

Quote from: Itsmylife on February 14, 2018, 10:10:21 PM

Can you add other crypto currencies to play? The fees of bitcoin transaction is too high, it will be a big problem for new users when they want to test your game.

Assuming you are serious and not just signature campaign post farming, the current suggested fee for a bitcoin transaction is 1 sat/byte, which is extremely cheap. For a regular SegWit transaction with 1 input and 2 outputs, you'd be paying just under 2 cents for your transaction.

Itsmylife

sr. member

Activity: 1002

Merit: 250

Can you add other crypto currencies to play? The fees of bitcoin transaction is too high, it will be a big problem for new users when they want to test your game.

Indrawan77

hero member

Activity: 1274

Merit: 516

Quote from: St4yInTh3D4rk on February 14, 2018, 01:31:59 AM

Quote from: adaseb on February 13, 2018, 07:06:37 PM

Quote from: RHavar on February 13, 2018, 07:03:05 PM

Sending to native segwit addresses (i.e. a bech32 address) is pretty easy, but what a site like bustadice probably really wants to is (occasionally) also use bech32 change addresses in order to make it difficult to ever reliably tell what is change and what is the "destination". If you can prevent the identification (and creation) of change enough, you can pretty much break tracking services that primarily rely on wallet clustering to work.

Definitely a cool feature to add though

I agree with what you are saying but i don't think it's for privacy reasons.

I think it's for efficiency reasons. Basically they want the source to be fully segwit and both the destination and destination change ( or segwit hot wallet) all are fully segwit.

This way it would save max space.

But as per the statement of devans he is holding of the bech32 address for the privacy issues.But I am not an expert in these kind of discussion so I don't know what will be the privacy concern if we implement the bech32 address.

As it been mentioned, the transaction using bech32 address is easy to identify, but using repeatedly changing address will be a cool feature to help to maintain privacy, it will be great if bustadice can add the feature, most gambler now is complaining about the fee, and in the future it's best to used segwit address for transaction because its saving cost, by using segwit address
we are helping bitcoin

St4yInTh3D4rk

sr. member

Activity: 686

Merit: 264

"STAY IN THE DARK"

Quote from: adaseb on February 13, 2018, 07:06:37 PM

Quote from: RHavar on February 13, 2018, 07:03:05 PM

Sending to native segwit addresses (i.e. a bech32 address) is pretty easy, but what a site like bustadice probably really wants to is (occasionally) also use bech32 change addresses in order to make it difficult to ever reliably tell what is change and what is the "destination". If you can prevent the identification (and creation) of change enough, you can pretty much break tracking services that primarily rely on wallet clustering to work.

Definitely a cool feature to add though

I agree with what you are saying but i don't think it's for privacy reasons.

I think it's for efficiency reasons. Basically they want the source to be fully segwit and both the destination and destination change ( or segwit hot wallet) all are fully segwit.

This way it would save max space.

But as per the statement of devans he is holding of the bech32 address for the privacy issues.But I am not an expert in these kind of discussion so I don't know what will be the privacy concern if we implement the bech32 address.

adaseb

legendary

Activity: 3738

Merit: 1708

CoinPoker.com

Quote from: RHavar on February 13, 2018, 07:03:05 PM

Sending to native segwit addresses (i.e. a bech32 address) is pretty easy, but what a site like bustadice probably really wants to is (occasionally) also use bech32 change addresses in order to make it difficult to ever reliably tell what is change and what is the "destination". If you can prevent the identification (and creation) of change enough, you can pretty much break tracking services that primarily rely on wallet clustering to work.

Definitely a cool feature to add though

I agree with what you are saying but i don't think it's for privacy reasons.

I think it's for efficiency reasons. Basically they want the source to be fully segwit and both the destination and destination change ( or segwit hot wallet) all are fully segwit.

This way it would save max space.

RHavar

legendary

Activity: 2557

Merit: 1886

Sending to native segwit addresses (i.e. a bech32 address) is pretty easy, but what a site like bustadice probably really wants to is (occasionally) also use bech32 change addresses in order to make it difficult to ever reliably tell what is change and what is the "destination". If you can prevent the identification (and creation) of change enough, you can pretty much break tracking services that primarily rely on wallet clustering to work.

Definitely a cool feature to add though

RGBKey

hero member

Activity: 854

Merit: 658

rgbkey.github.io/pgp.txt

Quote from: dooglus on February 13, 2018, 02:03:07 AM

Quote from: RGBKey on February 10, 2018, 04:30:47 PM

Electrum supports bech32. So does the latest release candidate of Bitcoin Core, and so does Samourai wallet.

The issue is that very few gambling sites or exchanges allow you to withdraw to a bech32 address. So if just one popular site implements bech32 withdrawals, their transactions will be easily identifiable.

I addressed that in the last sentence of my message, which you left out for some reason.

Quote from: RGBKey on February 10, 2018, 04:30:47 PM

Quote from: devans on February 10, 2018, 06:39:20 AM

Quote from: jrrsparkles on February 09, 2018, 07:06:56 AM

Hi sir,I have an issue with sending my bitcoins from my bustadice account.I can't able to send my bits to segwit address,and no problem in sending to the legacy address.
So this issue is only for me or everyone has that issue?I hope you will help me in this case.

We do not yet support bech32 addresses (like bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq), but it's on our list of planned features.

Since bech32 addresses are still uncommon, an unwanted side effect of implementing withdrawals to them right now would be to make it much easier to reliably track bustadice's hot wallet, so we're holding off a little.

Electrum supports bech32. So does the latest release candidate of Bitcoin Core, and so does Samourai wallet. Those are just the ones I use that I know off the top of my head. I understand the privacy concern though.

dooglus

legendary

Activity: 2940

Merit: 1330

Quote from: RGBKey on February 10, 2018, 04:30:47 PM

Electrum supports bech32. So does the latest release candidate of Bitcoin Core, and so does Samourai wallet.

The issue is that very few gambling sites or exchanges allow you to withdraw to a bech32 address. So if just one popular site implements bech32 withdrawals, their transactions will be easily identifiable.

jrrsparkles

sr. member

Activity: 2436

Merit: 272

Eloncoin.org - Mars, here we come!

Quote from: BTCevo on February 12, 2018, 08:17:02 PM

Quote from: stayeduptolate on February 11, 2018, 11:42:55 AM

I have been using bustadice since 1 month and i have to say it is one of the most rewarding gambling sites available out there in the market. The website seems pretty fair and has quite an interesting interface which is very interactive and easy to use.
The team of bustabit monitors and controls the site and you have to admit that the team is pretty strong and dedicated. It's a good and legit gambling site.

Yes, I believe they have really strong team to keep this site really alive but it does not have really many players around right? But they are having some big whale to play with their huge amount. It is not easy to maintain their bankroll aa 20 btc for current price, more over if there is a big win they still maintain it at 20 btc too. This is really awesome for their job

I do agree,thay have been doing very good job and I love to play in bustadice,but still we need more players to become more strong gambling site.

Quote from: BTCevo on February 12, 2018, 08:17:02 PM

Btw OP do bustabit and bustadice now merging and sharing their bankroll?

He already answered that he will run the bustadice and bustabit separately and no decisions made about merging them yet.But in future maybe.

BTCevo

legendary

Activity: 1834

Merit: 1008

Quote from: stayeduptolate on February 11, 2018, 11:42:55 AM

I have been using bustadice since 1 month and i have to say it is one of the most rewarding gambling sites available out there in the market. The website seems pretty fair and has quite an interesting interface which is very interactive and easy to use.
The team of bustabit monitors and controls the site and you have to admit that the team is pretty strong and dedicated. It's a good and legit gambling site.

Yes, I believe they have really strong team to keep this site really alive but it does not have really many players around right? But they are having some big whale to play with their huge amount. It is not easy to maintain their bankroll aa 20 btc for current price, more over if there is a big win they still maintain it at 20 btc too. This is really awesome for their job

Btw OP do bustabit and bustadice now merging and sharing their bankroll?

sheenshane

legendary

Activity: 2366

Merit: 1206

Quote from: St4yInTh3D4rk on February 11, 2018, 11:34:36 AM

Quote from: Muzika on February 11, 2018, 09:54:58 AM

Quote from: mostkey on February 08, 2018, 04:26:17 PM

Quote from: devans on February 07, 2018, 05:59:53 PM

Eventually perhaps, but I currently don't have any specific plans to accept additional currencies.

do have to think so. because anything that will be done desperately needs a review. although there are many who suggest to open altcoin services for gambling. but maybe you as the owner is worth to consider from all aspects

but still it is great that the gambling site like bustadice will accept different kinds of altcoin because others are prefered to play with alts due to its low fee . I cant see aspects that must be consider will be the hindrance if your site will be the best site ever if you put alts on your site .

He stated that he currently don't have that idea to introduce any other currencies except bitcoin but in future it may be introduced,for as now enjoy playing bustadice with bitcoins and it is a good opportunity for us to topup our bustadice accounts with bitcoin since the price is getting cheaper.

But hopefully mate that will happen maybe they introduce another crypto-currencies someday but as of now let's wait for another improvement in bustadice that maybe sir devans will announcement it here. For sure it takes a long time of process in maintenance for accepting other new coin or altcoins for the top up of your bustadice account. Being of high fees in bitcoin transactions, some gamblers did not invest on gambler site.

stayeduptolate

hero member

Activity: 980

Merit: 502

I have been using bustadice since 1 month and i have to say it is one of the most rewarding gambling sites available out there in the market. The website seems pretty fair and has quite an interesting interface which is very interactive and easy to use.
The team of bustabit monitors and controls the site and you have to admit that the team is pretty strong and dedicated. It's a good and legit gambling site.

Topic: bustadice – Dilution fee lowered to 1% - page 40. (Read 37207 times)