You're going to see a lot of people coming out of the woodwork trying to reclaim the large bankroll investors that are leaving Bustabit. Explains this.

Sent you a PM.

The fact is, investors are going to stay invested in Bustabit for awhile because there's still not any better options for investors to get a yearly ROI than Bustabit at current commission rates. This could change in an instant if, for example, Dooglus decided to re-open Just-dice for Bitcoin or if, say, RHavar wanted to re-open a investment casino of some kind. This has created a massive demand for a new bitcoin investment casino that will at some point be filled by somebody. It happened when JD first shut down, investors didn't know where to put their money and PRC Dice exploded out of nowhere and dominated. Then, PRC through inept ownership and raising their bankroll commission % + a disastrous ICO fucked up and people moved their money to a few different dice sites, before Bustabit and Bustadice really took over as the pre-imminent Bitcoin investment casinos. Make no mistake about it, someone will fill this demand in the market, it's just a matter of who and when.

Pretty disappointing to see the investing rules change so drastically after they were just altered a couple months ago. If it's too complicated for RHavar to wrap his head around, I'm not even going to try. I have no clue what the new rules are, other than it's now tied to fiat value and commission rates will go down significantly, which to me seems pretty silly. The fact is, the bankroll size has been decreasing steadily since devans changed the bankroll rules a couple months ago, from ~4900 bitcoin to ~4200 now, so if the goal is to reduce the bankroll size the previous rules seemed to be working just fine. The only way it's "increased" is in fiat size, which I don't understand why it would even be relevant.

The facts are, # of bets daily is down drastically past few months and because the bankroll has been steadily going down, devans commission % has dropped to around 42% of a much smaller pie. He has every right to squeeze investors, but I wish we could just be more upfront about what's actually going on here. The past bankroll rules changes negatively impacted devans' bottom line and this is being done to recoup lost money. I wish we could just have a set % taken as commission without making this as complicated as humanly possible. Change it monthly if you'd like.

devans has every right to change the bankroll/investor rules however he likes, as frequently as he likes. Just giving my 2 cents.

I'd guess the number of investors who are also regular players is somewhere below 10%. Makes it *extremely* -ev to divest and reinvest in bankroll frequently.

All this talk of advertisement has people missing the main point: When you run a crowd-funded bankroll dice/crash site, the most effective marketing you can have is having the largest bankroll/betting limits/# of investors. It's an immediate boost to credibility and bankroll investors act as co-owners of sorts driving traffic to the site since it's in their best interest - and thereby not pushing/promoting other sites they deem their investment to be more profitable. If, for example, Daniel decided tomorrow to eliminate bankroll investors and fund the site himself, it would have a large detrimental affect on the betting volume on the site if all other factors remained the same.

The 2-of-3 multisig cold wallet I think is a brilliant idea (for multiple reasons). I hope devans is doing something similar on bustabit. If devans hasn't already revealed a basic overview of how he handles bustabit's cold wallet (I assume RHavar would've known otherwise) I'd be interested in knowing for peace-of-mind reasons. I assumed bit/dice both used the same multisig cold wallet storage techniques, but if devans has a superior way of doing it, don't know why he wouldn't use whatever is the safest, most secure option on both sites.

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

Is this right?

Is RHavar no longer one of the 3 multi-sigs for the cold wallet? devans said he has no role beyond being an investor and former owner.

Zero chance he's paying out Bitcoin instead of dilution fee credits (lol).

Can someone explain the bankroll investment changes in layman's terms? I'm confused.

Betking ran a long time before they closed, with almost *zero* action. This relaunch will similarly fail miserably in terms of driving traffic. Dean's name/reputation is in tatters due to his child-like reactions to criticism and dodging important questions regarding where ICO funds went and providing *proof* that bankroll funds were actually hacked/stolen - something I still find extremely hard to believe. Even if it's true he was hacked, turning around and trusting him with funds for a bankroll would be incredibly dumb.

Dean fucked up royally. A golden goose that was dropped into his lap after Just-Dice shut down. He could've made tens of millions of dollars. Instead, his own ego and terrible business management, coupled with what can only be assumed was scamming bankroll investors until he provides proof he was hacked means this relaunch is dead in the water.

Dean's only chance would be to transfer control of Betking to someone reputable and skilled, and work on the backend. He'll never run a successful dice site on his own again.

I feel dumb that I never realized it worked like this.

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