OP, I think you've been influenced by people who aren't familiar enough with bitcoin and taken that information as being commonly understood.
It's not. That's just your understanding from poorly informed people.
It's well known by people who are well informed that bitcoin is not private, in that you cannot easily or typically use your coin without giving complete or partial evidence of your holdings.
Secondly, your ignorance of address usage is just that - your not having come across it is your doing and no one else's.
We're all learning.
Yes, you are right. Having said that, you have the possibility to keep your transactions private if you do the work. Satoshi Nakamoto is a clear example of this. No one (except maybe a few people) know about his transactions. But for the average person who does KYC, and reuses addresses, etc, then it's quite clear to see the transactions linked to an ID. |
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I would like to introduce a topic that I have been thinking about for a while.
Most people assume that because Bitcoin transactions involve anonymous numbers, and not a real name and other private information, then Bitcoin is perfectly safe from anybody knowing of your transactions.
However, Bitcoin is a public ledger, and every transaction is available to anybody on the Internet.
For me, this akin to web server logs containing your IP address: it's just a number, right? That's what everybody thought when the internet was new, but we all quickly learned that your IP could be "triangulated" to your real identity: once you used that IP to connect to something with your real identity, then the IP and the identity could be linked, and thus your IP was essentially the same as using your name and address for every single server access.
The advent of Monera and Bitcoin mixers would seem to verify my thesis here: why would these things have been invented and have become popular among those who are serious about their privacy (for whatever reason) if Bitcoin was not a privacy issue?
Bitcoin has the same problem IP addresses always had: if you used your personal information anywhere along the chain, the entire chain can now be attached to you.
How long will it be before somebody builds an app that allows you to put in a Bitcoin address and pop out a name and address? (Pardon my ignorance if this is actually already an available product).
How long before marketers start using this data to target ads at people? For criminal networks to start using this to target people?
Millions of consumers seem to believe, falsely, that using Bitcoin makes their transactions private. And that false information can be very dangerous since it will give people a false sense of security.
Bitcoin being a private means of transacting is a dangerous falsehood that needs to be corrected.
Am I wrong about any of this?
Pretty much anyone that reads about Bitcoin for one day will know that Bitcoin transactions are pseudonymous, not anonymous. It's been like that since genesis. This means that you have a specific ID when dealing with Bitcoin, that can be traced. If at any point there is a link between that ID and your real name, then your real name can be traced to those transactions. I'm surprised that this is new information to anyone in this forum though. |
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~snip~ a photo cost at least $60,000. And people thought that NFTs were a scam  In all seriousness though, reading articles like this reminds me of how easy it is to make money if you think outside the box. Basically working for an income seems almost like an insult these days, where you spend all your waking hours renting your body and brain to someone and the pay is usually not that great. Even if you are on the, say, highest 10% of the income earners, you still cannot afford a great house in most of the western world. It's getting out of control. |
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Like we kept discussing on other boards that Bitcoin trading or investment is not a convenient sector for an individual who does not have a source of income to invest their funds on otherwise, when they are in need of money, their Bitcoin assets becomes the only hope for them and the will be push to sell without undermining if profited or lost.
This is equivalent in gambling, we have as much discussed about gambling not being a good approach to rely on for source of income but a place to bet and gaming for funs but prettily potential to be profited if lucky to win more than the values of your stakes or even losts.
We have heard several stories of how gamblers has been financially and mentally affected at the course of addiction and loosing more than being afford simply because they are primarily aiming to make profits.
So I am trying to pick some statics to understand between the poor and the rich who gambles more for profit.
There in, I am convinced that the poor takes the lead because if we are to gamble with with is affordable to loose, the poor may actually not find the least stake of their $5 affordable to loose but yet they risks it on gambling. What for? Of course it is aimed to profit in returns and when they looses it, they goes frustrated and timely empty handed looking other means of raising as little to come back and keep trying again if they could win. Their major concern is to win and profit and never find fun as they play.
As for the riches tending to gambling for profits, even if they looses $1K + such as we have Drake has been, he actually don't feel so disappointed of the lost why? Because he has more and could afford so even while gambling for profits, they are not much financially or emotionally affected as the poor who can not afford the least lost on gambling.
Agreeably, some rich addicted gamblers do go bankrupts too but it takes processes to be drained they could loss but feels some fun expressions because they have more and could afford the lost at the moments but the poor start to feel drained at their first lost meaning gambling for profit is not a game for the poor else or even the inability to pull out when they are financially being affected.
In all, gambling without sustainabilities of income as you stick to gamble is not just a good place for anyone who is after making profit.
So since we can not make personal decisions for our fellow gamblers who had lost their prides in chasing the profits on gambling, let keep advocating for carefulness even while compromising the concept of gambling as a game of fun and not to be enriched.
I think the main thing to consider is not how much money the gambler has right now, but instead the gambler's ability to generate more money in the future. If the poor person only has $5 now and loses it, but has the ability to generate more money by using their skills or whatever, then that person is going to end up in a better situation than a rich person that gambles a lot and loses it all and doesn't have a way to generate more money in the future. At the end of the day the ability to generate money is worth way more than just a static amount of money, specially given the fact that inflation eats away most of the value of money that is not invested. |
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Myself I don't believe that somebody can know one particular thing all, and secondly we have to know that gambling is not skill we can apply so base on that note gambling is just a way of entertainment and on the process of participating on it almost every day you can acquire a more knowledge in gambling base on your frequent participation, but to concur that we have a specialist or expert in gambling I don't think that such thing exists.
Do you know the reason while I don't want to agree that expert can exist in gambling, is due to nobody has break a Guinness record base on gambling by wining almost what it gambles, it's obvious that gambling is a game of trial and I know quite well that in gambling you may think that a club you're sure of wining their counterpart will lose. So in circles of gambling anything can happen.
Yeah, those so called experts usually don't know too much anyway, so they are pretty much guessing most of the time. I mean, if they charged a percentage of their wins, then yeah, that could be something interesting, but if they charge a flat fee?, no thanks. That's the thing, they get to keep all the money, no matter what, and usually it is the gambler the one that loses. |
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Gambling can affect human characters based on what you have in mind to participate in gambling, that's why you dont need to put all your trust in gambling, you can that inquisitive in participating in gambling and base on that your mentality maybe changed so I know quite well that gambling you have to understand one particular thing that have to do with gambling, secondly when you continue to lose funds in gambling it also make some people to get depressed so base on that note we have to know that gambling frequently and also losing almost every time can after your reasoning.
What I want us to know concerning gambling is that, in gambling we need to learn some certain things of gambling before we venture into it so that when we lose we will not experience anything bad, so therefore in gambling what we supposed to know it's advantages and disadvantages before we enrolled on it..
Yeah, gambling affects the brain, and if you have a person that is young, with their brain still being developed, gambling can affect that person even more. Even as an adult gambling affects the brain, because we are all wired in a similar way, we want to get the reward, that's what we are seeking all the time. Casinos know this and they use it to their advantage of course. |
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~snip~
Or to not become addicted in the first place. After all, if a person is disciplined and plays with a cool head, on the money that is okay for him to spend, there wouldn't be a problem at all to begin with.
Yeah, that's the thing. The smartest thing to do is to actually never gamble, that's what maximizes your money. But of course what's the fun in that if you are interested in gambling, right? So, as with everything in life, the best approach is to usually have some kind of balance between things. |
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~snip~
Having a serious injury is not something that he did on purpose and he also did not want to experience something like this which should have contributed to Al Hilal, he instead rested more for a full season, Al Hilal should also have realized before recruiting this player from PSG that he was no longer young and he was also prone to injury but Al Hilal still insisted on buying him and even gave him a fairly high salary so this is also not Neymar's fault the club is pushing themselves too hard, but after his contract ends next season I think Al Hilal will not extend his contract because Al Hilal certainly does not want to feel a greater loss the club has also felt popularity since Neymar became an SPL player moreover no club is willing to buy Neymar at a higher price so it's time for the player to take a break football.
Of course, serious injuries are basically accidents, and clubs or players are usually insured for those kind of events. I mean, if you are a football player that means your body is the way you make money, so you might as well insure it. I think Jennifer Lopez insured her ass  |
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We know most of the time that the poor mainly gamble to change the financial position and they take such risks. But most of the time they don't win in gambling but the number of losses is high, and when the poor lose, it takes a lot of time and effort to re-invest their money later. But when a rich person deposits money into his account for gambling, if he loses, he will not suffer any major loss but will be able to re-deposit the money later. Rich people always gamble for fun because when they lose money they don't really get upset but they just start gambling again and again. But it is not possible for a poor person to do that rather they lose their money and then it takes a long time to accumulate the money and they are very broke. And collecting money is very challenging for the poor but not at all challenging for the rich because the rich can collect their money very easily. That's why I think that although the poor are mostly not ready to take risks, the rich are always ready to take big risks and they can often win big bets by gambling.
That's not always the case, rich people can easily start gambling more and more money, specially if it is not theirs. We have seem many cases of people involved in Crypto companies that start gambling with their clients money, and end up losing millions of dollars. So, at the end of the day the rich has more buffer, but they can easily spend it all as well as the poor. |
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This use to be my situation until lately that have drive a strong means to stay above my urge to gamble more each time I am already in a lose or winning, and what help me alot is the fact that I set up a specific amount I usually gamble with, and I make sure that in a month I don't gamble an amount that exceeds 0.002 bitcoin in total for the whole month, so regardless what the direction of my luck for the month, I make sure I withdraw all, and at some point I still find myself making deposits back to the casino after withdrawal but along the line I decided that anytime I make such withdrawal in bitcoin or any other cryptocurrencies iake sure to excahge it to my local currency in other to prevent me from the urge to make deposits and gambling it away.
This approach have helped me alot and at some point I am able to have total control of my emotions and mind now, and sure making withdrawal a d excahging the bitcoin to local currency helped alot in my fight against such urge.
Have you ever set that amount in Bitcoin and not fiat? Because a decade ago that wouldn't have even covered a minimum bet at casinos. Also in the future that might be way too much. |
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~snip~
Having a plan to make gambling a career can set a person up for failure because gambling have a lot of unexpected outcomes. They are those that are making money from gambling but I think it's just strictly on luck. No one can always get lucky multiple times without having setbacks in gambling, you might just lose everything you've earned just in a single day..I always tell people that even these so called punters on Twitter don't take gambling as a full time job, they have real jobs that are involved in... bottom line is gambling shouldn't be seen as a source of income but it should be done for entertainment purposes only
Yeah, that's the thing. You are spot on. The issue is that people see these gamblers posting on social media about the one time they won, but they don't post about all the money they lost. It's a tale as old as time. Gamblers will only talk about the times they won, and never about the times they lose. |
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~snip~
Messi also has one of the best readings of the field of all time in football... have you noticed how he just walks around the field trying to identify the best situations and guiding his teammates on what to do? He has an incredible way of analyzing plays in real time there on the field, if he decides to pursue a career as a football coach, with these reading skills, he will certainly also be one of the greatest coaches of all time, I'm sure of it.
That is so true. This applies to players of any age, so even if Messi is not at his prime age, he is still able to produce incredible plays, just because he knows where to position himself, and of course where to send the ball. Some players are just physical, whereas Messi has also the mental part of it. |
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~snip~
I agree! The additional tools are only for a good analyst, who already knows what he is doing (mostly), there will never be a 100% on any bet, however, it's always viable and possible to work a little bit harder to get a better understanding of the odds that are against you or on your side.
Yeah, at the end of the day if you have to pay to access that information it is most likely that you won't end up winning money. They on the other hand will always win the money. It's a weird situation to be in, and I usually prefer to be on the side that wins money so I skip the so called experts |
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~snip~
I spend a certain amount every day on gambling. If I win a big amount I refrain myself from betting that day. And spend the earned money on some other work. And if I lose money, I don't get excited. I no longer bet after losing a certain amount of money. Because it has the potential to lose more money. So I would say gamblers must keep their nerve and have self control. If you don't have control over yourself then there is a possibility of losing everything in gambling. And I know many people who have lost everything because of gambling.
It is very important to be aware of spending money if you gamble regularly. But if you gamble occasionally or casually then this is not so important. We should choose to base our weekly earnings on how much amount we lose gambling in a day so it doesn't affect my daily life badly.
Yeah, at the end of the day most people will end up losing more than what they earn while gambling. It is therefore advisable to keep an eye on those costs and see if you are still comfortable after paying for that type of entertainment. Some people lose control of this and end up losing their entire life savings. |
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Gambling to double your money and quit immediately is easier said than done if you ask me and my reason of saying that is because when most gamblers win big, they tend to find it very difficult to quit. After big wins, gamblers are always tempted to try more which sometimes favors them and the other times, they do lose everything including their initial wins. So if I'm to advise a gambler, I think it's okay to gamble when you feel like to engage in it at your convenience and not because you want to double your money.
That's quite right, and casinos know this. They will try their best to keep the winning gambler inside the casino, by giving them free drinks and food, etc. That's nothing compared to the cost they are going to save when the gambler continues to gamble their winnings and puts all the money back into the casino, usually with some extra as well. |
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~snip~
It's surprising to see that you still make use of 1xBet with all the complaints they have here in this forum in terms of withdrawal restrictions. If you were lucky enough to win and be able to withdraw, the reputation of the casino should be enough reason to always leave the account empty until you want to make another bet.
Some people give the excuse of wager requirement as part of the reason why they don't like emptying the account. If that is to be considered an amount that should be left in, there should be a little amount that, in an ordinary day, you don't deposit more than that in order to reduce the risk.
Any time that I start with a new platform in anything online, I first test the whole pipeline and see how long it takes for the money to go there, and then to come back to my account. Usually, as you can imagine, sending money works flawlessly and very fast, whereas requesting money usually is slow and requires manual checks, etc. Once I'm OK with the given service, I continue using it. If it's too bad, then I just move on. |
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~snip~
As for it is not even where the gambling center is located because those people are looking for a populated areas to establish their business and if they asked the school authority and they permit them to run their business class to the school or in the school, if it will not affect learning then there is no big deal.
I think opposite a Law school in one of the state I have visited in Nigeria has a gambling center. And everything goes well.
At the end of the day it is all about personal responsibility. Sure, it is not very easy to simply live a nice life while gambling all your money away. But no one is forcing anyone to do that. It's all just suggestions, same as marketing in a way. Basically trying to sell is just persuading people, same with gambling. |
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~snip~
I haven't seen anyone taking up gambling as a career but I have seen many taking it up as a pastime to spend their free time. To make gambling as a career, regular income from gambling must be possible, which is not possible at all from gambling. So no one wants to accept this uncertain possibility as an integral part of life. If there was a guarantee of payment, maybe many people would take up gambling as a career.
I mean, there are a few individuals who have made money gambling, like David Walsh from Australia. But those individuals are extremely rare, and they simply got lucky, as well as also put a lot of effort, money, and time into it. Others have put the same or more effort and end up without anything. That's actually the most common way of going. |
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~snip~
How you can compare gambling with trading. I think there is no relation between gambling and trading. On trading, you can buy/sell at any time and there is no chance of being 0. But in the casino, there is no chance to stop a bet after clicking on the bet, and also gambling fund can be 0 at any time.
They are different things but they are getting closer lately. As Warren Buffet said: Buffett says market ‘almost totally a casino’ as it rallied in recent years Berkshire Hathaway head tells shareholders that Wall Street encouraged traders to treat shares like poker chips I guess if you have more and more people just simply blindly putting more and more money into companies, then shares are getting closer to a casino. You can see for example that in some cases shares that have a similar name of something that happened will get a lot of buys/sells, depending on the news, when in reality the company had nothing to do with the story. Things like that are just random events in the stock exchange. |
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~snip~Since we know that greed will always be with one before, it means that a gambler who's not ready to lose everything should control it. Greed makes a gambler to lose more, when you control your greed it helps you to achieve big things gradually. Greed makes us feel that anytime we achieved something we are supposed to get more than what we achieved earlier. Unfortunately, greed can only make a gambler to lose everything that he has won and other things will be included for loss.
Yes, the key to having more money in the end is to simply evaluate what makes you money, and see how much time and effort it takes. You then proceed to do more of the things that give you a lot of value with little time. But many people either fall to do that, and spend lots of time in something that doesn't pay much or, which might be more catastrophic, spend too much time in something that has the potential to remove all their net worth, like gambling. |
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