Topic: bustadice – Next Generation Dice - page 27. (Read 37526 times)

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?

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.

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.

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.

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.

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.

But on the invest page there are two options online and offsite and I am getting a bit confused there. Where do I put my BTC?

Definitely not. The cold-storage is over-funded (funded at >100% it's obligations), hasn't moved and requires 2-of-3 sig to move (of which Daniel only has 1).

If Daniel wanted to do an exit-scam, he'd do it on bustabit not bustadice (since bustabit doesn't have an investor protection system like bustadice), but bustabit is up and running like normal. So pretty much guaranteed nothing to worry about.

Bustadice actually similarly went down for a few minutes a day ago or something (except he was online to deal with it). At the time he said he thought it was due to some incorrect error handling he found. My guess is that the bug is still there

Yeah, down for me too. And Dan just signed off, so it's probably going to be a few hours til he's back to fix it  

Yeah, down for me too. And Dan just signed off, so it's probably going to be a few hours til he's back to fix it  

Is the server down or something? I'm able to access the website but can't do anything (play, invest, etc).

I'm considering investing in Bustadice. However, I wonder why Bustadice and Bustabit bankrolls aren't shared, considering that now the owner is the same. What's the point of making investors deposit on both places (therefore reducing their expected returns approximately in half) when they could be safely combined in one, while allowing players to have the same max bet (actually max bets would be bigger as some people currently investing in both bankrolls could just invest everything in one).

And not to mention, investors are doing great! Up a staggering 474.2 BTC (3% more than expected value!)

I have had no reason to post about it much, but as many of you know I have been acting as bustadice's "auditor" which allows me to offer reasonably strong guarantees to investors (assuming they trust me to not be malicious) by verifying bets/wins and having one of the multisig keys to the cold wallet to approve the movement there.  During this time I can confidently say that there's been no funny-business with bustadice, and can attest to investors being treated fairly.

Anyway, some of you might have noticed a brief outage of bustadice on August 8th. The cause was actually my fault, as my audit server went down (it's on the critical path for a bet, as bustadice itself can't figure out the result of a bet without it).  I can now confidently diagnose the cause as a hardware failure, and as a result I lost a few seconds of logs. (To keep latency low, the audit server will give the requested data to bustadice before it has guaranteed the logs are persisted/flushed to disk)

But to be clear, it's an extremely minor issue. This has no impact on players or investors, it just means there's a handful of bets in which I can not audit for investors, however none of the bets are a significant size (we're talking less than a few hundred dollars).  I am mainly just posting this to try offer total transparency. I was originally planning on calculating the exact amount of the worst-case audit mismatch and paying that out to investors (on account of it being such a small amount) but I have decided against it as  a) It would create precedent that would confuse my role as auditor with something more akin to "insurance" and b) the cause of the failure was hardware related, I believe it would've been almost impossible to predict or abuse.

And not to mention, investors are doing great! Up a staggering 474.2 BTC (3% more than expected value!)

I have had no reason to post about it much, but as many of you know I have been acting as bustadice's "auditor" which allows me to offer reasonably strong guarantees to investors (assuming they trust me to not be malicious) by verifying bets/wins and having one of the multisig keys to the cold wallet to approve the movement there.  During this time I can confidently say that there's been no funny-business with bustadice, and can attest to investors being treated fairly.

Anyway, some of you might have noticed a brief outage of bustadice on August 8th. The cause was actually my fault, as my audit server went down (it's on the critical path for a bet, as bustadice itself can't figure out the result of a bet without it).  I can now confidently diagnose the cause as a hardware failure, and as a result I lost a few seconds of logs. (To keep latency low, the audit server will give the requested data to bustadice before it has guaranteed the logs are persisted/flushed to disk)

But to be clear, it's an extremely minor issue. This has no impact on players or investors, it just means there's a handful of bets in which I can not audit for investors, however none of the bets are a significant size (we're talking less than a few hundred dollars).  I am mainly just posting this to try offer total transparency. I was originally planning on calculating the exact amount of the worst-case audit mismatch and paying that out to investors (on account of it being such a small amount) but I have decided against it as  a) It would create precedent that would confuse my role as auditor with something more akin to "insurance" and b) the cause of the failure was hardware related, I believe it would've been almost impossible to predict or abuse.

And not to mention, investors are doing great! Up a staggering 474.2 BTC (3% more than expected value!)