Burst Casino - Important Notice

  • Hello Everyone. I wanted to give you all an update on what's going on for BurstCasino.


    I have been debating this high and low on the proper course of action. As you all may have noticed, the casino has been offline for a couple of days now. This is for several reasons. One of the reasons as I have stated is the communication issued between servers, and the other is with the maximum bet limit.


    The casino has experienced exponential growth and with the promotional videos that Adam puts out compounds that further, and here lies the problem. The Casino started off in 2016 with 25 million burst coins in the bank, many players have become Burst millionaires during the process. Recently we have many more millionaires, and that has drained the bank reserve to the point that we now are operating with 2 million Burst in the wallet.


    Not to mention also the max win per dice roll being set at 1,000,000 burst, while our competitors opened shop with a fraction of that payout and grew over time to have an average of one million players and a max win per roll of the equivalent of 2.6 million BURST (5.0btc) we elaborate on these numbers later in this announcement.


    My worst fear was having to close down the casino, and that is something I do not want or would like to do. It is an integral part of the Burst Community and it's my baby, one that I believe can grow a lot more and give a lot more than the amazing 100M+ already paid to asset holders and bring more millionaire players. The only other solution that I was able to come up was to approach Focus and ask him what he thinks of the situation. Focus took the time to do some numbers crunching for me and came with this plan:


    Ok so if you take the combined numbers between BurstGames and BurstCasino Assets the total of dividends paid out was 100,731,293.36 Burst. Correct that is over 100 million Burst. So to all initial investors that bought in at 100 Burst per share, your investment has already ROIed, and you now hold those assets as well. I know some will chime in and say that they bought their assets at a much higher price, but what need to be mentioned is that those assets were not bought directly from Zeus, they were bought from a 3rd party, so you no longer are engaged directly with Zeus in a business transaction and the only obligation he has is to pay out dividends on those assets.


    Having said that. To guarantee future growth and sustainability of the casino, and to protect the asset holders, the following plan has been churned out:


    There will be a new Casino asset issued. That will ensure maximum growth and current asset owners best value and interests. The details of which are as follows:


    10 Million Assets Total

    All current holders receive 4 to 1 leaving 6 million assets remaining.

    Assets will be released 2 million at a time. At 50 Burst per share for the first release, 2nd and 3rd releases will be determined by the market strength and most probably will be higher. The shares that isn't sold right away is to stay in the asset issuer wallet less 500K shares locked away and assigned for casino development.


    Another factor that was off was the maximum bet. Having a look at our respectable competitors such as Bitsler who has a maximum payout of 5 BTC which equates to 2.6 Million Burst. They can afford to do this because they have a million players ensuring a massive bankroll. We, on the other hand, have a little over 6000 players and had a 1 million max winning per dice roll which was terribly off in the ratios, we should have been setting maximum in the area of 100,000 Burst per roll to equate to our number of players. As the number of players at BurstCasino and the bank increase the max win per roll will be increased, until we will cap out at the same or slightly more than our competitors being at 5.0btc or 2.6 million burst at the time of writing this.


    Details on Asset Management


    So per each release of 2 million assets. Proceed distribution will be as follows:

    50% Bankroll

    43% Escrow with Focus and Zeus each having to sign off on the escrow to safeguard the asset holders.

    5% Liquidity on books at 50 for those investors looking to sell out their shares

    2% BurstNation Dev Team


    One major requirement that Focus has required is that he wants me to have Lexicon Audit my code, a big move for me as no-one has ever seen the source. He wants Lex to double and triple check the math functions, the seed generation process and the randomness of the rolls to make sure that nothing can be exploited.


    This will happen in the next days, but as of Sunday, I won't be able to connect for a week, or very very little, I know it's unfortunate that it had to happen at this time, but this absence was coming since January and I can't postpone it. This does give time to Lexicon to do a thorough audit of the casino's code In the meantime.


    Thank you, everyone, for your understanding and the big support you have always given me and to this project.

  • Understandable Zeus do what you gotta do.

    Hey Superfriends!

    BOOM! Boom...and all that!

    It's ok, it's ok. Just let it happen, let it happen


    BURST: BURST-4Y3X-QET8-SKX6-BQDVG


    If you ask me for any type of free Burstcoins via tips, rain, assets, in public or in private, I will BAN you w/o warning.

    94-1485353559194-soldier-png

  • Any word on balance drawls for casino balances in the personal wallets of players?

    Also - as a good faith Gesture to the success of your plan, I would be happy to invest/trade 50% of my Casino Balance for the new asset shares. I would like to have the remaining balance of burst returned to my wallet. Fair & Square. I will be looking for your updates, and know that with the help of Focus and others this will just be a "Bump n the Road" toward the growth in the future. Thank you for your work. I know you put your heart & soul in to it. Things will be better than ever soon!

    Feed the Pig! - Stuff this Wallet with Burst ^^ BURST-C9QM-K9J8-GCKF-7DQ26

    The post was edited 1 time, last by hexdek16 ().

  • so for every old casino we will get 4 new casino?

    yes

  • At least it's better then the casino closing for good.

    Makes sense. I always wondered how the casino could have such a high max win.

OFFICIAL BURSTCOIN TROLLBOX - LISTEN TO BURST NATION RADIO TO WIN BURST COINS!

Shoutbox

  • Paphi

    Well that's nice and all but that is not really the point I'm talking about...

  • bootmeup

    working for yourself is better if you do that...but longer hours

  • Paphi

    The problem is, I want to get to the point where I can make a lot of money, working to the bare minimum and overall living well, Yes I do realize it sounds kind of selfish and dream like, but this is the goal I have pretty much set to myself

  • bootmeup

    thats great also

  • Rodox

    16 years, enjoy life, you have time

  • Paphi

    I can't really explain myself well on the topic, but a better way of explaining my way of thought is by reading the book "UNSCRIPTED: Life, Liberty, and the Pursuit of Entrepreneurship"

  • Paphi

    you can read it for free here, someone sent me the book a few days ago, so far it's been a great reading and thinking material https://drive.google.com/file/d/0B-Bs2ZWw_7bvNmVURHc2dGRLRUk/view

  • bootmeup

    rodex your a legionnaire?

  • bootmeup

    i think i read it before..heheh

  • Paphi

    I understand your point of view Rodox, but I can't have my time until I assure my future :/

  • Rodox

    no boot

  • Rodox

    The entry conditions are very hard to the foreign legion, the contract is 5 years without possible return, he can try if he wants

  • ZEUS GOD OF THUNDER

    there's not nearly enough information about burst out there to support this vilume

  • ZEUS GOD OF THUNDER

    *volume

  • ZEUS GOD OF THUNDER

    that's why it's going down, no roadmap, no announcements

  • bootmeup

    and waiting to get more at cheap price?

  • Rodox

    Paphi https://youtu.be/yaXdj8Bmv8I

  • Paphi

    oh i like documentary films :) will give it a watch in a few minutes

  • bootmeup

    oic rodox, did not know they let non french join..the republican guard france

  • Rodox

    Some Napoleonic legions were foreign boot

  • Rodox

    Polish and many others

  • bootmeup

    yes i know legions would

  • bootmeup

    be hard for me to stand all day like that https://en.wikipedia.org/wiki/Republican_Guard_(France)#/media/File:Republican_Guard_%C3%89lys%C3%A9e_Palace_1.JPG

  • scheven_architect

    I wonder where burst will stabilize.

  • Rodox

    haha boot

  • Rodox

    The horse has more class

  • AngerdX

    in a sea of red burst holding well

  • scheven_architect

    Why so much red atm?

  • AngerdX

    might be loads of ppl prepping for the btc fork

  • ZEUS GOD OF THUNDER

    scheven bitcoin is down a bit there's a lot of people holding

  • ZEUS GOD OF THUNDER

    waiting to see if it goes back up

  • Paphi

    Gonna go now, cya everyone

  • ZEUS GOD OF THUNDER

    some nice movement going on though

  • scheven_architect

    bye

  • AngerdX

    i know loads of ppl who are liquidating into btc for 1st agust

  • Rodox

    ciao Paphi

  • ZEUS GOD OF THUNDER

    the btc fork is going to be a bloodbath, no way am I going to be anywhere near btc around then

  • bootmeup

    later paphi

  • ZEUS GOD OF THUNDER

    might liquidate to ethereum

  • AngerdX

    if the chain splits loads want to get both heh

  • ZEUS GOD OF THUNDER

    I think marketing burst as a coin to step in for bitcoin payments during this fork shit would be a good thing to do

  • ZEUS GOD OF THUNDER

    how good is burst really for payments though, or for anything else?

  • AngerdX

    i leave that to adam, marketing not my thing heh

  • ZEUS GOD OF THUNDER

    like what edge does it have technologically?

  • AngerdX

    Zeus i don´t know that and don´t really care

  • ZEUS GOD OF THUNDER

    why don't you care?

  • ZEUS GOD OF THUNDER

    don't you want to be a smart investor?

  • ZEUS GOD OF THUNDER

    that understand their investment?

  • AngerdX

    got smarter ppl than me to do that

  • ZEUS GOD OF THUNDER

    what's with all the big sells just put up close to lowest ask

  • ZEUS GOD OF THUNDER

    like why bother

  • AngerdX

    some sell and buy constantly for smaller gains

  • bootmeup

    reloading it looks like..but i dont know...heheh

  • scheven_architect

    Sold my burst after hearing that there wasn't much in the pipeline for Burst development wise.

  • scheven_architect

    Bought back in when it start soaring.

  • ZEUS GOD OF THUNDER

    I've been holding how since 400 sats, very happy indeed

  • ZEUS GOD OF THUNDER

    made a large sell at 900, bought back in at 770

  • scheven_architect

    Bought back in at 715...

  • AngerdX

    i need to quadruple my burst on polo

  • xnoob2017

    24hr low 760

  • xnoob2017

    715 on bittrex?

  • AngerdX

    yah holding well

  • scheven_architect

    Bought on polo

  • sumit30.gupta

    Bitcoin hard fork to happen ?

  • scheven_architect

    burst coin being pushed down now by microbuy/sells

  • AngerdX

    if it happens it´ll be an softfork and we will have 2 coins

  • sumit30.gupta

    We already have bitcoin unlimited and all

  • WillyDaSkint

    "Morning Burst Nation

  • sumit30.gupta

    It was too a result of hard fork noe?

  • mike2279

    segwit x2 was going to be actived on bitcoin i think i seen a few days ago so bip148 will not happen if that does work then there will be no need for 2 coins i think

  • AngerdX

    morning willy

  • bootmeup

    gm willy

  • sumit30.gupta

    mike2279 agreed

  • AngerdX

    honestly as it comes closer it might get a bit clearer how it might turn out

  • WillyDaSkint

    my first concert was Dio ...this guy was awesome

  • rattle99

    hey willy

  • WillyDaSkint

    Hey rattle

  • rattle99

    how much do you make on a day on aberage on all.poolofd32th?

  • rattle99

    *average

  • WillyDaSkint

    well not a tot

  • WillyDaSkint

    lot

  • sumit30.gupta

    If there are two coins , those holding bitcoin will have another one as some reward?

  • rattle99

    i just need an idea, just started mining there

  • rattle99

    wily? any approximation?

  • WillyDaSkint

    81 burst the other day and a 3 burst bonus today

  • rattle99

    lol...extreme diff

  • WillyDaSkint

    ive only been at that pool for a few days

  • rattle99

    i see

  • rattle99

    guys, did you see that pajeet guy?

  • Ivo Indjev

    can someone help me out

  • WillyDaSkint

    at burstneaon 1 averaged 16 a day

  • rattle99

    same, me too

  • Ivo Indjev

    my xplotter is lagging out to not responding after i set up my stuff to start plotting

  • Ivo Indjev

    any idea why ?

  • rattle99

    but, there was some problem there had to move out

  • xnoob2017

    try using 1 less thread Ivo

  • Ivo Indjev

    will try

  • Ivo Indjev

    what number of threads is recommended?

  • rattle99

    1 less than your total should be fine

  • Ivo Indjev

    well it was 1