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1121  Economy / Gambling / Re: Top 5 Advantages of Bitcoin Casinos vs. Traditional Casinos on: June 06, 2023, 07:31:16 PM
1. Odds transparency
Traditional online casinos claim they run games via a random number generator. But how random is the number generator?

It’s a legitimate question. What a traditional casino says it does and what it does could be two different things. Bitcoin casinos operate via transparency. You know true odds when you wager in a Bitcoin casino.

If you’re a sports bettor, you understand that knowing the odds is the first part of making smart bets. You won’t always make winning bets, but you will make smart bets, which is the only thing we can do when betting.

In the long run, the more smart bets we make, the more we profit.

2. Safety and security
It would take 51% of all nodes to steal a transaction. By 51%, we mean thousands of computers would have to decide to steal the same transaction.

It’s almost an impossibility. We can’t write impossible because nothing is 100% impossible. But the amount of work it would take to steal your Bitcoin casino deposit is as close to impossible as it gets.

The real reason? Proof of work rewards Bitcoin miners to create blocks, which means the rewards of validating and securing transactions is more than the reward from stealing almost all BTC transactions.

3. Game variety
Variety of games is a sign of an honest casino. The more games there are, the more ways players can win. If a casino offers fewer games, there’s a chance those games could be more prone to shady tactics that lead to losses.

Also, it’s easier to manage payouts when there are fewer games. Traditional casinos that offer fewer games may be fudging the amount they pay out on each win.

Bitcoin casinos often provide more games. Not only that, but the payouts are also often higher due to Bitcoin’s transparency and decentralized aspects.

Have to disagree with some of the points you made and they are a bit nonsensical in some ways. The first one - you mention that online "traditional" aka fiat casinos rely on random number generators and somehow crypto currency casinos do not, that's a lie and a deep misunderstanding of the so-called transparency of provably fair play. Provably fair casinos still work with random number generators all the time, it's just in theory the patterns are more visible if they were not completely random it could be detected more easily, but they still use them. Game variety is also misleading because there are fiat casinos out there which have been operating for decades and built up vastly larger portfolios of games than currently being offered by the average crypto casinos.
1122  Economy / Trading Discussion / Re: Bear And Bull Market? on: June 06, 2023, 07:20:19 PM
What is the real difference between bull and bear market and how can one utilize them to make some good profits?

I think it's plainly obvious what the difference between the two is with a simple google search. Bull markets are going up and tend to be longer lasting than bear markets, which are going down. Roughly every three years you have small corrections within a bull market and on average every 8 years there will be a recession. However the age of automation and the internet has changed the dynamics of the economy compared to distant history. Money is constantly moving and adapting to current events, whereas in the past sometimes news would take much longer to spread and reactions via things like brokerages would take longer to complete. Generally people should stick to making money from positive developments and avoid short selling.
1123  Economy / Gambling discussion / Re: Which League Makes Sports Betting Easy to Win? on: June 06, 2023, 06:57:56 PM
A tipster on one of the social media platforms advised his hundreds of followers that making money from sports betting is easier if they stop betting on European Football, which has just concluded, and focus on the Singaporean leagues, South American Leagues, and the Scandinavian leagues. Although some of his followers agreed that they've won some bets in those leagues, they also cautioned that there is a huge likelihood of match fixing occurring there as well. So everyone should be careful. I have never bet on those leagues as I am too careful. Can anyone share their experience with betting in these other leagues and make a comparison between betting there and betting in the Champions League, EPL, La Liga, Bundesliga, Serie Do not mention match fixing(it has been earlier pointed out), but talk about which is easier to win in and how much you made in comparison.

The implication that any sports betting is an "easy win" is patently false. Bookmakers are not charities and don't go handing out free money, for every position that they offer for you to place a bet against - they have carefully calculated what they see as the risk involved plus they add an extra buffer on top (to your disadvantage). There may be certain times or short windows where a certain league might look promising, hell it might pay off for a few days/weeks/month on a specific strategy, but eventually they will get wise if they see negative outflows over a long time. They have all sorts of analysis taking place automatically, every single day, and are optimizing their own strategies to maximize profits too.
1124  Economy / Economics / Re: Does Banks really manipulates us? on: June 06, 2023, 06:53:29 PM
what is mateix?ok i know what it is, mostly i have seen the videos of how people make a video, with secrecy music tune and they will make such anxious looking moves in the video like they are saving themselves from someone and they will say, we are the ones who manages all the un-necassary things to control your life such as

1. House Schemes
2. Sports cars
3. Fashion Industry
4. Plasma TVs

ok, if they made these things which they didn't because every mentioned item has its own history. let's just say, they were created as mentioned in their respected histories and then controled by investors.

because every new technology needs investors.

so to understand how banks can manage those things?

first we need to understand how investors can control them? i think maybe because they have share in the company and the one with more share, and more money is the one with more governance and control so they can convince companies and project makers to deploy such schemes such as TVs, Sports cars races, fashion contest and housing schemes.

Ok now investors need a system to flow there money via *banks* Which means banks is the main component of all centralization, capitilism and flow of money.

Then why people like Andrew Tate are kept saying to leave the matrix and come to reality. are we really in some kind of matrix. what is the important of this matrix. like we should consider the pros and cons of each over if matrix do exists

The main question is if there is. a. matrix then why it is present? what's the real need of it. how it benefits those big investors that controls banks. Ok lets say it keep the people busy just like the "roman games" (from insta video) why people are to kept busy and why not.

i find no error in doing work because that's how we will revolutionize in technology. and can acheive more success and easiness in our world.

wait wait. Easiness like IOT has provided us as an tech ology. and collecting our data so that they can make such decisions to sell more things to us. But why? maybe to earn money. but if they have already money to invest in first hand then why not saving it for future why doing such immoral works?

so are u saying these works are immoral?

overall my question is why banks are being accused as matrix and the investors are the ones behind all this?

You seem to think there is some grand conspiracy that only you are privy towards, yet this is how capitalism works at it's very core. Banks do work in tandem with governments (and are somewhat controlled by central banks that exist in each country) but there is no better way for it all to work at the moment. They are simply companies like any other and besides the fact that they were not allowed to fail because they were too big, we saw in the 2008 financial crisis that they can also suffer from big financial problems too. It's a bit weird how you connect a handful of random household objects, but then you reference somebody like Andrew Tate, one of the biggest idiots out there - who is making big money from manipulating idiots - and all becomes clear.
1125  Economy / Gambling / Re: Is this considered a safe practice on: June 05, 2023, 06:48:46 PM
Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

It really feels like you've mixed up two completely different things and don't fully understand what your friend was talking about. Casinos have welcome bonuses, they have been doing that for decades now and it's nothing new. They only take money that you've agreed for them to take and have zero reason to do a credit search, because they are not giving you credit - you pay these sites up front. In fact using credit cards on gambling sites is now banned in many countries because people spend but cannot afford to pay the credit card companies back (the casino have their money secured). Then there are also credit card welcome offers because they try to attract new customers, but that is nothing to do with gambling.
1126  Economy / Economics / Re: Always Have a financial record in whatever business you own on: June 05, 2023, 06:34:27 PM
I had this barber friend in a neighboring hood I lived a few years ago who is a very good barber and has his own barbershop. He does home service from time to time too. He’s really good so he has a lot of customers but at the end of the month he always struggles to pay the rent of his shop. I spent most of my free time with him at his shop so I know the number of customers that walk in for a haircut daily and I know what his rates are, so by calculations, he should be making enough money even after rent and other expenses required to run the shop. So one day when he complains about rent I asked him how much he makes in a week and he couldn't tell me an estimated number.
Long story short, I educated him on how to keep financial records and record every single penny that comes in and goes out of his business. I also made him understand how this can help him cut losses and make more profit.


It seems a bit weird that you had to educate this person on financial records, when it is pretty much demanded by the tax authorities in every country to have proper accounting. Otherwise you end up in a grey area which can easily be misconstrued as you trying to avoid taxes or even worse - money laundering offenses. If this person had been around for at least a couple years they should have been paying taxes and to do that, you need to know your incomings and outgoings. With that in mind, some people pay accountants to deal with the nitty gritty details, especially if they're in fields where they make a lot of money or once the company starts to expand but it is necessary to know these basics things to determine if you're making any sort of profit.
1127  Economy / Gambling discussion / Re: Gambling is not a steady income haven on: June 04, 2023, 04:43:55 PM
Gambling places are not for steady income, if you want steady income with gambling, online or offline, you have to be a owner, build your own casino and watch yourself growing up into a filthy rich billionaire.

Online casinos are places where it's certain that you will lose your money, it's a place where you need to be mentality sane to at least have a good ride and experience as you progress, it's not always about making money with gambling, it's always about not ending up running insane because of gambling.

To make this happen, you need to discipline yourself up, make sure you set some rules on how you will handle gambling every day and how much you are willing to risk on gambling every day or else you will end up in the gutter, with full regrets.

That's if you are not even addicted to gambling already, a addicted gambler always have one goal in mind, '( I have to make back all I have lost ), this is where the beginning of the end begins.

It's easier said than done to be honest, it's very hard to even break into the casino scene now with a new setup and you will have to spend a fair bit in order to establish any newcomer. Both in terms of advertising and incentives like welcome bonuses. Many people have run out of patience when trying to establish such sites and abandoned a lot of investments made before it was able to reach "critical mass" and sustain itself. If you tend to have a gambling problem, you need to stay away from such sites completely.
1128  Economy / Economics / Re: Which stocks to buy? on: June 04, 2023, 04:26:22 PM
Now the economic sector has sunk, and is it worth buying shares, if so, in which area? I am considering buying shares of any Internet publications and large companies, is there a demand for them and will there be an increase in shares?

There are lots of books out there on the topic of investing in the stock market, you really have to get out there and start reading them yourself to make sense of it all. In the short term you likely want to look for the lowest cost broker of index funds, which are effectively large baskets of stocks which will help to diversify the risk away. Buying shares in individual companies when you don't know the basics is a recipe for losing all your money. Learn first and act later. If you are a person that follows whatever the "hot" trend is at the moment, you are probably far out of the loop and get into the stock just as the real pros are stepping back out of it to take a profit.
1129  Economy / Gambling discussion / Re: Wagering requirements for withdraw on: June 04, 2023, 04:22:28 PM
I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.

There are many shady "casino's" out that aim to lure people in, often using super size welcome bonuses with extreme terms that are almost impossible to achieve like you stated. They can offer a 1000 dollar new user bonus but require you to wager it a thousand times to unlock it - clearly you will lose any potential withdrawal in that time. You're better off being either a) very clear on the welcome bonus terms, as they are often open about them but few people read the detail or b) sticking with the biggest existing casino's you can find many places, including here.
1130  Economy / Economics / Re: Quit borrowing on: June 04, 2023, 10:39:51 AM
When you're short on cash, it can be difficult to quit borrowing money.

Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.

Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.

The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.

More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.

People have always tried to copy their idols and in the age of the internet there is more influence taking place than ever before. Combine that with the convenience of buying stuff online and easy access to credit, it joins together in a very dangerous combination. A lot of the blame does go to the companies that are so eager to offer credit, often at outrageous and totally unfair rates to the people who find it hardest to pay back. There is also an element that you cannot save everyone, you can educate people as much as you want, but some people will always choose to live on the borderline between paychecks and refuse to acknowledge that there is a better way to live.
1131  Economy / Gambling / Re: Gambling is a choice. on: June 04, 2023, 10:29:53 AM
Something happened in my locality and I just wonder if that's how we also behave in the online space.

So, they're always a group of rougues in my country, they're often sited in the market place where there's a reasonable population, what's their work???

The have things in a martch box like stones and sticks, they'll ask you to pick the one out of it that has something, depending on what the want....

At first, when you pick, they'll let you win so as to drag your attention, then subsequent tries, you'll be at the losing side and the make sure the drain your pockets entirely.

So, just last week, this lady fell a victim and she was shouting and crying, the had obviously emptied her pocket and even gotten her phone from her in the process of the gambling.

My thoughts, is this how we often feel when we lose out on a bet??
Do you wish the site can refund your money??

Gambling should be your choice, you shouldn't let anyone compel or persuade you into it.


This sounds a bit like buyer's remorse. Often people overestimate their abilities to calculate odds when it comes to any form of gambling, which only adds to their misdirected anger when they lose. When they win, they put it down to their own "skill" or divine intervention. When they lose it must be the casino or bookmaker that is a fix, even though they present all the odds clearly up front. I have no sympathy for remorseful gambler's in that sense, they are very self centred.
1132  Economy / Economics / Re: You are not prepared what's coming quick analytics exacly of situation on: June 02, 2023, 09:12:10 PM
You are not prepared becouse you are not interested economics and how the world works generally speaking how the system works.
In lately there been a lot gold buying transactions (otc) to avoid having the bullish influence over the gold price.
The biggest guys and girls don't make moves for fun...they know what's coming.
They bought big loads of gold becouse they know fed will cut rates one more time debt ceiling will be lifted and hyperinflation will be rampant we gona see the days when fiat currencies are close to or allmost near by 100% devaluation.
And off course i don't like it you dont like it ww3 is about to break out any time soon right after last fed 25 basis point hike.
Becouse before the war the big boys and girls the elite will always buy the gold you will know that by looking what they Actually doing it.
However USA russia ukraine NATO have only short time period left to know whos winner in this war becouse fed can only keep rates low 2-3 years not longer.
Russia can keep longer....but the problem is trade defecite and trading embargoso Even after 2 years russia will run out of money and usa.
After 2 years world will run out of the money and war can not last long so the both sides west and the east must stop the war If they run out the financial resources.

Becouse all of this i have Made my future life plan


You sound crazy, like many gold nuts who have come and go before you. You have no plan except hope, which is a major weakness. Unlike what you say, the stock market has been the best performing asset over the longest time frame. Gold might look good right now, because everyone flocks into these assets and cause a bubble, which inevitably bursts. If a peace plan was reached between Ukraine and Russia tomorrow, you would start to see these "safe haven" commodities crumble in price. It also overlooks the fact that if you buy into stocks instead, companies pay out - either through reinvestment or dividend payments, every year while the best companies just keep on growing their profits too.
1133  Economy / Gambling discussion / Re: $90,000 all in bet on: June 02, 2023, 09:05:02 PM
I have been able to turn $4,000 into $90,000 over the course of a week. Today, I am going all in on a bet I am very confident in.

FRANCE LEAGUE 2: GRENOBLE - GUINGAMP

UPDATE: A MISSED PENALTY AND A LOSS. BACK TO THE DRAWING BOARD.

 Forgive me for being cynical but it's hard to believe such screenshots, when anyone is able to produce them very easily with a bit of HTML manipulation or simple graphics editing. Greed is the downfall of every poor man, so if you did just throw away $90,000 and it is a sizable sum for you, then you should be ashamed. That is a very sizable sum of money in most parts of the world and you really need to ask yourself what your end goal is here. Maybe this is a tiny, throwaway amount for you, but when is it enough? You're not helping anyone except the bookmakers and look an utter fool. You could easily have kept $80k and simply started again from that point, but I highly doubt you'll get another winning streak like that for a while, but you will throw away many thousands attempting it again.
1134  Economy / Economics / Re: My wealth plan for next 3 years on: June 02, 2023, 09:00:49 PM
My wealth plan for next 3 years

I will take loans becouse fiat value is high so usd value ATH.
I will invest in btc,gold,silver becouse money is now expensive so when i borrow now the bull run Will make profit i make profit and from the profit i make money for myself and i can Pay the % to lender.
Off course also i'll buy AIDOGE coin becouse 1000x i will make with this coin after 2 years.
The world economy right now is like some shtcoin pumping and when everybody short the whales Will pump it more to make you FOMO in exacly after 2 years.

The whales Are fed, ws,ecb,boe and other big Banks the world is like some shtcoin what the whales keep pumping until everybody Will lose their guard and Will buy the top becouse of FOMO.

I have 2-3 years to get out of the assets but right now i'll get rid of money i'll invest all the money becouse i know upcoming inflation will eat all the value of money.
In the next 2 -3 years my money only Will be bitcoin If i want to buy bread and Milk i just convert btc to fiat other then that not smart to hold any fiat currency.

And off course after one year i start buying by DCA USDC becouse USDC gona be world reserve currency so off course i'll invest in this early.

Well that went disastrously wrong in the first couple "sentences" and just kept getting worse. It sounds like a bunch of terrible speculation and there is nowhere near a plan involved here. You are hoping and praying, based on no factual evidence, that you'll be able to sell these assets at a higher price. Silver and gold are notoriously difficult to predict, like a lot of things in life when everyone thinks they are just bound to go up, is when they inevitably start to trend down - you are very late to that party. Luckily, nobody with a brain is going to be loaning you much money if they get a whiff of these ideas, I just hope you don't mislead whatever poor company you end up borrowing money from because you have more chance of failing than most.
1135  Economy / Gambling discussion / Re: Is Online casino always take risks? on: June 01, 2023, 08:00:33 PM
I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

The casino in this scenario is taking a rather small and calculated risk, hell - they are simply diversifying their many advertising streams, one of which will be to use streamers to promote their services. In many cases these streamers are very valuable to them, as they have a much more personal connection to their audience, who might be more willing to participate in activities that are promoted by this semi-celebrity in their eyes. The fact that they are not always labelled as receiving paid endorsements (even if this is illegal in their jurisdiction) is another bonus to casinos & sportbooks. There are some casinos out there who do not use these advertising methods, but you'll find they are eventually pushed out by the bigger ones who use these strategies, even if it seems unfair.
1136  Economy / Economics / Re: Money is never enough! on: June 01, 2023, 07:38:09 PM
Think of when you hit a jackpot, and some cool cash slide into your pocket, you feels better and step up some pride and involved arrogance, you feel like you can buy the world with your peanuts lol, bro, I little shopping out of it can makes you look like a poor man again. There is this oil dealer guy in my community who happen to be hot market pro in the oil industry, he owns an oil well but this guy it gets to his head and start contesting for political power which he has lose twice now and the worst of it now is that the oil well is dried because suck the money into politics, loss everything. This money is never really enough, no wonder even the President of nations still fights to get money after office.

What your rather short and condensed story tells me is that you need to diversify your income streams, while identifying potential leaks of your money. Everyone with a business mindset will always be looking for chances at new or improved revenue streams, it feels like he gambled his on the possibility that he could wield power into even more money. That is a very dangerous game, because if he had no charisma, had poor connections or the face simply didn't fit - then he was unlikely to transfer easily into the game of politics. He would have been much better off following and optimizing his original line of business, but then, he may have been bored of that and was looking for a new challenge, but he ultimately failed and wasted a lot of money in the process.
1137  Economy / Gambling discussion / Re: 5 Behavioural signs that suggest you are Addicted to Gambling on: June 01, 2023, 07:29:04 PM
I was browsing on the internet and stumble upon this article and found out that there are three kinds of gamblers. They are Professional gamblres, social gamblers and problem gamblers. The first two are okay but the third one which is the problem gamblers are the ones who are struggling with this addiction.

So I asked myself what behaviour would suggest that an individual is a problem gambler. Did some research and found many behaviour that suggest an individual is struggling with gambling addiction. Out of those I found the following five behaviours to be most common ones in a problem gambler.  

  • Preoccupation with gambling.
  • The urge to increase wagers to achieve the same level of excitement.
  • Having difficulty in controlling, cutting back, or stopping gambling despite several attempts.
  • Lying about gambling activities.
  • Borrowing money to gamble.

As gambling addiction can be a challenging issue that can have a very harmful impact on an individual's life. it is always recommended to find a professional helpb rather struggling with it. Do you agree with those behaviours? If not then you can suggest some, that can be added to this topic.

There seems to be a distinction between two categories of your list of five points. Some of them seem like you are in "stage one" where your habit is taking up a lot of your time, but could still be manageable and controlled back to a fair amount. However when you get to the point of lying about your activities or borrowing money to fund your habit, at that point you have lost that degree of control needed. At that point it has become a fully fledged addiction, instead of just having a bit of fun in your free time. You are willing to sacrifice others through some misguided calculation, you're throwing good money after bad and not only burn through your own cash but that of your close friends & family too.
1138  Economy / Economics / Re: Logic of life on: May 31, 2023, 09:18:25 PM
The logic of life is that you can't earn more than you know,
Any amount you are earning today is 80% as a limit of what you know.

The richest man on earth is earning whatever amount he is earning due to the advantage of  what he knows or  can do.

So, before you can move from earning $100 dollar monthly to $1000 per month,
   One of the major thing you must scale up is your knowledge.

So ask yourself, what should I know that can make me ×2 my monthly income?

Seek knowledge always.

While there are some crumbs of wisdom in your reasoning, it does seem a little bit off because I've seen a few people with low knowledge in the past who have done pretty well for themselves throughout life. There are many cases where people were simply in the right place, at the right time and able to string together the right combination of thoughts to land themselves a job. After that they have been able to manipulate or maneuver their way up the ladder gradually. Then it can actually be hard to get rid of them after they've stuck to the job for a long enough time, as they become expensive to offer redundancy. At that point they tend to shift off to a side job or hit their head against the barrier of competency above them.
1139  Economy / Gambling discussion / Re: Gambling is not a steady income haven on: May 31, 2023, 08:47:55 PM
Gambling places are not for steady income, if you want steady income with gambling, online or offline, you have to be a owner, build your own casino and watch yourself growing up into a filthy rich billionaire.

Online casinos are places where it's certain that you will lose your money, it's a place where you need to be mentality sane to at least have a good ride and experience as you progress, it's not always about making money with gambling, it's always about not ending up running insane because of gambling.

To make this happen, you need to discipline yourself up, make sure you set some rules on how you will handle gambling every day and how much you are willing to risk on gambling every day or else you will end up in the gutter, with full regrets.

That's if you are not even addicted to gambling already, a addicted gambler always have one goal in mind, '( I have to make back all I have lost ), this is where the beginning of the end begins.

It's worth remembering that there are certain segments of gambling where people have been able to gain an advantage, however it's usually against other players and the house still manages to take a cut. The obvious one is poker, where with lots of skill, practice and knowing how to position your bluffs - it's possible for the very best players to grind out a profit on the tables. There are a lot of people players, who might not survive very long, but who are willing to hand over their money or end up tilted so they abandon their senses in anger. It's also possible to scrape out a profit, albeit you need to track it closely and be aiming for very small margins (of which you'll be paying the sportbook part of a buffer amount on each bet) with sports betting, but only a very minuscule amount will ever succeed at that.
1140  Economy / Economics / Re: Fake support? on: May 31, 2023, 08:32:31 PM
Things are now looking different for crypto in china right now, I thought china will be the most hateful country on crypto after they destroyed so many asics that belongs to crypto miners in the country and crypto mining was also banned.

Now china is now taking the biggest approach to embracing web3 and support some crypto projects, since china has banned Bitcoin over 6 times in the past do you think this is another fake move?

I know that Hongkong is the soul location that's doing all this crypto thing, do you think that the whole country (china) will benefit from this or this case will be that Hong Kong will be the location for crypto things?

What's your belief on these? Are they trying to beat the US to it? Because right now the US is playing dumb with crypto and china sees a better opportunity in crypto, what do you think?how will this end?

The people at the top of the government food chain in China are very adaptable and not in the slightest affected by all the random crackdowns that the leadership use to get the general population or business leaders in line. The fact that they broke up many data centers that were driving up energy prices in China at the time was probably a good thing, as the wider public was suffering from much higher electricity prices so a few people could get richer. They would only have destroyed a small fraction of the capacity, just enough to scare the remainder into selling them as they were doing a short time drive to stop this activity. There were also some miners who were starting to use very polluting energy sources so it is better for the whole planet that action was taken, some rare indirect praise that the Chinese government might deserve.
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