Quote from: throwaway42492 on November 21, 2020, 11:49:16 AM

thanks, for the clarification, I'm aware that devans/Daniel is the owner. I have a decent % of my networth on his website, obviously I trust him.

I honestly don't expect to get real btc delution fee credit, I still think it is a bad idea to trying to reduce the bustabit bankroll.

There are so many clones out there that have better graphics, boni, more coins, VIP systems, affiliate commission etc. Still people play on bustabit and I think that is due to those two reasons.
A) Trust
B) Gigantic betting limits for whales

Reducing the bankroll will make the whales unhappy and we just had a whale who went for max win possible per hand. Obviously there are also lots of customers who enjoy watching the whale action.

I have a feeling this change will reduce the bankroll, but also the overall betting volume and overall profit for devans and investors.

I don't see any reason why the bankroll would become smaller than 5,000 BTC. At that size the commission rate is the same as it is now and investors are currently happy to be invested. A max profit of 50 BTC is still significantly higher than that of any other Bitcoin casino I'm aware of. Even WangTang_V2, the largest high roller in bustabit's recent history, only placed four bets that wouldn't have been supported by that bankroll.

In my experience high rollers are more concerned with the wager limit–which would technically still be 5,000 BTC in the scenario above–than the max profit. Of course I might be wrong and bustabit might lose out on a high roller that wanted to win 70 BTC per bet instead of 50 BTC, but that's a possibility I'm willing to accept.

Quote from: chazley on November 21, 2020, 11:44:22 PM

So, to clarify, Bustabit has one sole owner of the cold wallet (devans) and bustadice's cold wallet had 3 multi-sig owners that require at least 2 signatures to open it?

Is this right?

When I acquired bustabit in 2018 I started using bustadice's cold wallet (2-of-3 multisig with Ryan and a "backup" party) to store most of its funds as well. Maybe I should have mentioned that to Ryan, but as he mentioned as long as the cold wallet holds enough funds to cover bustadice's liabilities it doesn't really matter to him in his role as bustadice's auditor.

Quote from: chazley on November 25, 2020, 01:04:05 PM

I'd guess the number of investors with >0.5 btc invested who are also regular players is somewhere below 10%. Makes it *extremely* -ev to divest and reinvest in bankroll frequently, so you'd have to just be withdrawing every so often to bet, which I'm sure happens just at a low frequency.

That's correct IMO. With some exceptions (e.g. WangTang_V2 said he was a bankroll investor in the past) I suspect there is very little overlap between bankroll investors and players.

Quote from: darewaller on November 25, 2020, 05:08:51 PM

People understood you, even though you are trying to avoid the topic as much as you possibly can, we really really REALLY understand you. The problem here is that you ignore what the other part people are saying. We agree that "here are the greatest casinos" lists that is basically paid advertisement and affiliate, if a review website is getting paid for giving good ranking that is bad, we all agree with that.

However the part where you keep ignoring and keep not responding (and neither devans for that matter) is the simple fact that they also do not have to list all the good ones neither, if you have no affiliate, or you do not pay, that means they do not have to list you neither, they could simply act as if you never existed if they want to, that is their own business decision.

Don't get me wrong: I am not complaining about bustabit not being listed on most of these sites. I understand why and don't expect them to do anything differently. I merely pointed out to two players why they can't expect unbiased reviews from these sites because of the conflict of interest that they may not have been aware of. I'm not sure why you consider that controversial :/