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1301  Economy / Gambling discussion / Re: Rigged Game on: April 11, 2023, 06:01:00 PM
There are many problems that are affecting online casinos either due to been illegal operations or fraud cases like

Fake Advert, Payment Problems, Spamming Gamblers etc

But one comes in mind that I can't get rid of, those that Rigged their games, I don't know if people actually know that some online casinos Rigged their games, like the Aztec casino that was labeled a scam casino for example.

My question is how can one know that their game is rigged? If you play over 20 games and you lose it all, no one will believe you if you say that their is something wrong with the platform because truthfully as a gambler you have to lose, so what way can you actually know that a casino game is been rigged?

You'll never really know if actual games are rigged or not. You may get anecdotal evidence to suggest that no one ever walks away a winner from these sites, but unless you have access to the inner workings of the site or it is somehow exposed in a hack, then such behavior is very hard to detect. The main reason it's hard to detect is because even legitimate casino sites are generally geared up to hoover your money away in the long run. They will tell you upfront that the "Return to Player" amount is like 97% or 80%, which statistically means over time you will lose everything in your account. Anyone who keeps depositing more is chasing a fallacy and pursuing losses down a dark hole.
1302  Economy / Economics / Re: How do you survived during covid19 ? on: April 11, 2023, 03:31:20 PM
The hell of shit one had as experience during pandemic was severely pitty. My country was to political about the whole thing, because reality states that it wasn't to that estimation. Lots of fears, grief, deaths, sicknesses, recession, lack, hunger, products absence, no market, indoors, lots of sex, lockdown and security threat.

This terms was the only psycho imagination of people and fears of people. The government also came up with vaccine, test and quarantine. Dudes this wasn't funny even in my country that was political, no way to travel after all and no country is ready to occupy immigrants. It was a fiest stories, often counting and increasing dead victims.

But in my country it was hunger that almost take the lives of people because no money and if you have nowhere to buy something.

How did you survived the asshole pandemic disease (covid19)?  Where you sore afraid? How you deassociate with people? How did you get something to eat?

It wasn't just "your country". Almost every country in the  world took extreme and unthinkable steps to restrict things like movement. You mention travel, but you were not going to be let in to any places at all, even if your government would let you get on to a plane. The first few weeks were such a huge shock to the system, I was "lucky" that I could work from home, but others were simply sent home with pay. It was actually a brilliant time for some sectors of the economy, like gaming or streaming, because there were these massive audiences of people with lots of time on their hands. It started to get quite boring and tedious after a few months though, and by the end of two years it was amazing to get overseas for a holiday.
1303  Economy / Gambling discussion / Re: Is Online casino always take risks? on: April 10, 2023, 08:24:50 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?

Casinos are actually one of the biggest businesses out there that take few risks, especially the online games because they are pre-calculated odds with max payouts. Something would have to go seriously wrong, in which case bets are potentially liable to be voided, if they started spewing out wins all the time. There's the famous trope which aptly describes how much money they make - Las Vegas was not paid for by winners. These companies are highly profitable because every game is engineered to eventually deplete your entire deposit. They use bonuses and the occasional promotion to lure new customers in, because they know that most people are psychologically geared towards spending it all with them.
1304  Economy / Economics / Re: Essentials to starting A business on: April 10, 2023, 08:21:07 PM
There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:

A clear business idea: Your business idea should be well-defined and specific. You should have a good understanding of your target audience, competition, and the problem your business solves.

A business plan: A comprehensive business plan can help you identify potential obstacles and create a roadmap for success. Your plan should include a market analysis, financial projections, and a marketing strategy.

Sufficient funding: You'll need enough money to cover startup costs, ongoing expenses, and to keep the business running until it starts making a profit.

Legal and regulatory compliance: Make sure you're aware of any licenses, permits, or certifications required to operate your business legally. You should also consult with a lawyer to ensure you have all the necessary legal documents in place.

A support network: Starting a business can be stressful, so it's important to have a support network of family, friends, or mentors who can offer advice and encouragement.

A marketing strategy: A solid marketing strategy can help you attract customers and establish your brand. You should identify your target audience, research your competition, and choose the most effective marketing channels for your business.

A strong online presence: In today's digital age, having a strong online presence is critical. You should have a professional website, social media accounts, and other digital marketing strategies in place.

A team: You may need to hire employees, contractors, or consultants to help you run your business. Make sure you have a plan for finding and retaining the best talent.

These are just a few of the key things you should have in place before starting a business. By taking the time to plan and prepare, you can increase your chances of success and build a strong foundation for your new venture.

I'd say that knowing how to evaluate failure is an important part of business. Most businesses tend to fail within the first 3 years, but you can often get a feeling for whether something is going to be successful after the first 6-12 months. That being said it is an acquired knowledge that you might only learn over time. There is a very fine line to walk between perseverance and acknowledging that it's not working. It's important because it may just require a few tweaks or it may require a whole new idea to be successful. Ignoring these things can be much worse in the long run, in the worst circumstances you end up supporting a zombie business or even lead yourself into debt out of denial.
1305  Economy / Collectibles / Re: [WTS] 4x Aluminum Casascius Tokens on: April 10, 2023, 06:27:21 PM
Would like to buy one but curious as to their actual valuation. Maybe @minerjones can chime in?

Fair price would be around $50 each
Those holograms did not come with the coins originally

Yup, that's roughly the price I'm looking to get - it's priced higher to accommodate the volatile Bitcoin price at the moment which has been trending up. Considering a lot of them rattled around loosely in bags, these are reasonable quality and possibly deserve a slight premium. It's been a while since I've sold here, but holograms of any kind used to be hard to find, these in particular are a nicely generic "Bitcoin" so it seems like a decent bonus and perfect for a DIY coin build.
1306  Economy / Collectibles / [WTS] 4x Aluminum Casascius Tokens on: April 10, 2023, 09:32:48 AM
Hi All,

Picked these up a little while ago and they've been sat around in a deposit box, feel like it's time to sell them - moving in to a new house so all sorts of expenses coming up Smiley

These were originally sold in large bags directly from the Casascius website, can't remember where I picked them up but got 6-8 originally and these were the best pick of the bunch, gave the others to a friend. Not sure how to value them or how often they come up for sale, so starting with a higher figure but flexible towards pricing. I used to collect quite of lot of similar coins and happen to have 2 small holograms on a strip, no idea of where they were originally used but I'll throw these in for free for anyone who buys two or more. They've always been handled with care while in my possession.

Probably one of the cheapest official Casascius produced items you'll ever be able to own and don't see them all that often around here

Postage will be $15-20 on top to most destinations via tracked and signature required delivery. Can use an escrow if you prefer, at your additional expense.

View the full photo shoot here Smiley

Price: 0.0015 BTC per token







1307  Economy / Gambling discussion / Re: Tipping Dealers on: April 09, 2023, 07:18:12 AM
Recently a man tipped a waiter a car1. Tipping is a way of saying you are satisfied with the service offered and you are saying thanks. From what I know about tipping dealers, you can either choose to tip a chip or a sidebet2. It is a norm in the United States. For those who have ever tipped a dealer, have you been so satisfied with a dealer that you tipped them something other than a chip, money ?

1. https://www.google.com/amp/s/www.timesnownews.com/viral/youtube-star-mrbeast-tips-waitress-an-entire-car-gets-slammed-on-social-media-article-99108985/amp

2. https://www.top10-casinosites.net/tipping-live-dealers/


It can often come down to whether you're winning or not. If you're leaking chips due to bad or unfortunate play, then you're probably less inclined to share your shortening bank roll with the dealer as you try to eek it back. However when I've played live casinos in the past, it's often been customary when you take down a big pot - in poker for example - to share some of your reward with the dealer. You generally just take on what is happening in the surroundings and will get a feel for the table dynamic after a few rounds. It can also vary between country, for example in most of Europe dealers are getting paid a reasonable minimum wage and will be very happy, but not expect tips as a bonus for their work.
1308  Economy / Economics / Re: Why do people stay poor? on: April 09, 2023, 07:13:06 AM
I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.

Not everyone has a desire to get rich at the same level, or even to get rich at all. Sure, everyone would be happy with a large bank account and it would change their day to day lives, but they have things that they would prioritize first. Some will be happy with being able to afford a house, to have a pet or being able to have children. All of which can have a substantial financial impact on your life and make it much harder to become richer. Then there is your position within society and the steps that have been taken throughout your life to reach certain points, education for example - if a lot of jobs expect you to have a university degree, then it might be a barrier to stepping your way up the corporate ladder if that is missing.
1309  Economy / Gambling / Re: Limited in every bookmaker on: April 09, 2023, 06:58:25 AM
Unfortunately, I dont have idea where to make a betting account,
I was limited at almost every crypto or online bookmaker.

If you have losing account on bk88, betnomi, roobet or even some normal online bookmaker, reply me here or in inbox.

I have an offer you can't refuse

One or two, it might be coincidence. Every book maker and you're clearly doing something that actively causes you to be banned as a customer. There are numerous things that you could be up to and none of them are going to have a long term successful outcome for anyone who takes up your offer. These situations can even walk a fine line on the edge of fraudulent behavior, as they do not want you as a customer and you're trying to circumvent that by hiring people to do your dirty work. Why not take your energy and put it into something more constructive, because these companies have already decided that you're not welcome to place bets with them.
1310  Economy / Economics / Re: "Greedflation" has gone too far! on: April 09, 2023, 06:54:14 AM
Quote
When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

‘We may be looking at the end of capitalism’: One of the world’s oldest and largest investment banks warns ‘Greedflation’ has gone too far

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

In reality, while companies might be taking advantage at times, this stems from failed central bank policies and the politicians that enabled them. If we step back to the financial crisis of 2008, the US and then European governments ended up pushing interest rates down massively to encourage lending. That worked fine at the time, but in the last 10 years the economy had already recovered and these super low rates stayed in place. If the central banks had been responsible, they would have slowly notched the rates back up to discourage over borrowing and being reckless with the vast swathes of money that were sloshing around. Now it's the general public getting screwed because they are hiking them so fast to counteract inflation.
1311  Economy / Gambling discussion / Re: How honest and transparent are casinos? on: April 07, 2023, 07:53:11 AM
They cannot publicly display the list of who is getting how much bonus or drops, as this will lead to the violation of the user’s privacy policy. Moreover why are you caring for other people? If you are getting your rewards as promised, then definitely others might be getting the same also. Regarding the honesty, then your only concern should be how fair the games are that you are playing. You can easily verify the seeds of the game and can easily conclude that whether the casino is honest and transparent or not. Hope this clears some of your doubts OP.
We cannot expect 100% transparency from them because it will also put their business at risk knowing a lot would be eyeing to them especially that there is tight competition in the market. So as much as they want to be honest and transparent to you, just think that they are also doing it to other players. No need to publicly display those who have received their bonuses, after all you will see series of complaints if there are those who have been lied about their promised bonuses or rewards.

Funnily enough, they have one of the simplest business models on the planet. Build some games that can take in money, build enough security around them in many forms to keep the funds safe, hire a customer service team and then try to acquire as many new customers (including via special promotions) because each new one will generally be handing you free money because they don't understand the odds involved. Sportbooks get slightly more complicated as you need to do a lot of data crunching and analysis, even if outsourced, in order to be able to offer competitive odds and also make sure that you're not getting tricked in all sorts of different ways like match fixing.
1312  Economy / Economics / Re: If the dollar/fiat was worthless! on: April 07, 2023, 07:25:02 AM
What happens to the value of bitcoin if the dollar goes to 0? Will bitcoin also loose value because the dollar is worthless? yes, there would probably be other things to mind like world war, full panic, no internett and so on. But set these things aside. How much would a sack of potatoes cost, and with what could I buy these potatous witth(gold/bitcoin/chickens/etc.)?

Any ideas? and any ideas on how bitcoin could be independant of the dollar, or other fiat?

It's a bizarre question really, as Bitcoin is much more likely to go to zero long before the US dollar ever does. If the US dollar fell to zero then there is something very wrong with the world and we're most likely facing some sort of apocalyptic type scenario where nukes have been unleashed all over the world and people are trying to live via subsistence. The US is currently the reserve currency of the world and it has a lot of resources in action that are trying to protect that status, even if newcomers like China are trying to change that status quo. Bitcoin could simply not handle the amount of transactions that the US dollar does every day, so it's never going to be in this sort of position to supplant it.
1313  Economy / Gambling / Re: Rollbit Casino loosing value due to Licensing Ambiguity amongst users on: April 06, 2023, 11:13:42 PM
Just recently news came out regarding Rollbit casino which is popular amongst thousands of users here on the forum as well as outside this community. Rollbit also has its token with the ticker RLB. After the news came in regarding its licensing issues community has been aggravated since then and RLB is losing its value at an alarming rate. The token has fallen by 20% in jus the last 24 hours which is devastating for the Rollbit casino itself.

The reason for the fall is simple, Rollbit has not been able to tell the community freely that they don't have any such issues. This has created ambiguity among everyone. This might be making everyone leave the casino and sell their RLB tokens if any.

This also makes us think that factual analysis of the company matters a lot when it is listed on the exchanger and could impact the pricing in long run.

All they have to say is their license is on annual period however its still unclear if they have it running or not.


Quote
Rollbit says Curaçao authorities are currently engaged in an annual license review, which is why its logo is removed from the site.

Crypto casino Rollbit says it hasn’t received any indication from authorities that its “operation are problematic,” however traders are not convinced and are selling the platform's RLB token.
CoinGecko data shows that RLB is down 20% in the last 24 hours, or 37.5% over the last two weeks.
Crypto Twitter has noticed that Rollbit has removed information pertaining to its license from Curaçao, a Dutch Caribbean island off the coast of Venezuela, which is known to be an offshore hub for online gambling.

Rollbit recently began to offer crypto derivatives trading, which is not covered by its current license. Some users have noticed that information pertaining to crypto derivatives is hidden until the user logs in.
“We are actively communicating with our licensor about the renewal and will provide an update as soon as possible,” Rollbit said in a Twitter update. “Although this is typically an internal process, we recognize the importance of transparency in such a crucial aspect of our business.”

Today our community raised some concerns regarding our license status, which we're addressing below.

- Our license is currently in its annual renewal period, a standard procedure for Curaçao-licensed platforms like ours.

- We are actively communicating with our licensor about…— Rollbit (@rollbitcom) March 31, 2023

The online casino said it has implemented minor user interface changes based on their licensor's recommendations, which it claims is a common request during the renewal period.

Crypto Casino Rollbit's Token Drops 20% Amid Licensing Concerns

It's strange really and maybe Rollbit have setup themselves up slightly. In reality, these licenses are interchangeable and don't mean all that much to the end user. They just show that the casino has taken an extra step and got over a hurdle that most scam operators would not be bothered to do. They could move to one of the other jurisdictions that offer these regulators for sale, but that takes a little bit of time to finesse the deal. The real problem is that they've intermingled their name with an altcoin and we've seen how volatile the market can be. Even those coins with the greatest foundations, much like stocks, can act irrationally in the face of market conditions outside of their control - but it has an added effect of slightly tarnishing their brand name,
1314  Economy / Economics / Re: Rules of Taxes on: April 06, 2023, 10:33:53 PM
We all know that all citizens in all corners of the world must be taxpayers. Let me say about taxes in my country:
1. vehicle tax
Obliged to pay once a year, but there are also those who do not pay and the authorities also do not come to the taxpayer's house and in the end it is left abandoned
2. Land tax
Once a year the authorities will come to the taxpayer's house to collect taxes
3. Income tax
This will be my concern this time, whether all countries treat the same rules or not, I want to hear from all of you.
Income tax in my country in general will be very effective for employees of government agencies, offices and entrepreneurs. Let's say this, everyone earns whether it's from farming, freelancing, or any kind of work that isn't recorded at the tax office, if they don't report it to the tax authorities then they are exempt from tax. However, there is a provision that if someone has ever borrowed a large amount of money from a bank, even though the borrower was not notified by the taxpayer at first, in the end he was exposed to the taxpayer's accumulation of taxes over the years and he didn't know.

I mean this tax regulation seems uneven and it seems that people who have to pay taxes are people who deal with large amounts of money. Let's say a farmer in 1 harvest (3-4 month) earns $2000, he will remain tax free if not registered or he doesn't register it whereas an employee from the start is already registered with the taxpayer even though their monthly salary is $300. What do you think? I'm a little confused with this tax rule.

In your final paragraph you seem to get a bit confused. The farmer in that example doesn't have to "register" for anything, he is either a lawful tax payer who has an income and know that a portion will have to be paid to the tax authorities or he is a tax evader. A tax evader is not an admirable stance to take, because he is effectively stealing from everyone else in the country. All these taxes should be paying for the maintenance and upkeep of different areas of government, services or facilities. If he is choosing not to pay his fair share, then they are breaking the law and in the long run will always be looking over their shoulder because in many cases they get jail time or very punitive fines.
1315  Economy / Gambling discussion / Re: who Want To Bet On 2024 USA elections? on: April 06, 2023, 10:28:45 PM
As you all will say that Still there is almost 1 and half year away for USA elections but still I want to highlight this option because here there will be almost in millions of bets that people will do and also that's based on speculations and also someone's interest.
I think that this could be one of the biggest Bets we can see because a whole world Knows america and it's superpower and it's has international recognization because of it's influence to the whole world.
So what are your speculations over this USA elections. And I know that everybody has their own speculations and also wins and also loose. So let's see what will happen?

It would be nice to see some new blood in the game, I see John F. Kennedy Jr. has thrown his hat into the ring as a possible candidate for the Democratic party, at 69 he's at least younger than the current two expected candidates. However it would be nice to see some people in their 40's or 50's who are well balanced, able to negotiate across party lines and generally more in tune with the generations either side of them. It seems obscene in the current age that the most sophisticated and advanced country on the planet is stuck with two contenders on the verge of going senile. It's very hard to predict the winner but it feels like Trump is definitely too tarnished compared to his first run.
1316  Economy / Economics / Re: Binance Trouble rises - Australian Regulator Cancels Derivatives License on: April 06, 2023, 10:17:32 PM
This is heartbroken for any Binance exchange fan. I am not sure why this is happening but you will read 3 out of 5 news about Binance and all of them lead to the negative side of the whole story. As we know Binance which is the world's largest crypto exchanger and has a global presence, got its warning warfare from the USA regulator. The CEO is already under the radar of the USA Jury and they have pointed out some serious accounting books and securities issues.

That is still unsettled and here we are again with the Australian regulators bombarding Binance with another stressful scenario by literally canceling the Derivatives license to operate in Australia.

Australian Binance has 1 million users who have operational accounts. However, ASIC, that is Australian Securities and Investment Commission has asked Binance Australia to halt all the operations of the Derivatives Exchange and close all orders before April 21.


You should not feel bad for the owners of Binance, they in most of these cases of interactions with regulators in places like the USA and UK are choosing to be obstructionist. They are making vast amounts of money from the services that they offer and regulators simply want access to more financials to make sure they are on a reasonable footing. Considering how fast exchanges have fallen over in the past it seems quite fair and reasonable to make these requests. They derive a large portion of their income from these countries but try to offer as little information as possible in comparison to regulated banking institutions which are their fair competitors at the end of the day.
1317  Economy / Gambling discussion / Re: Why do new online casinos struggle? on: April 05, 2023, 08:19:44 PM
Which one do you think is better and has more healthy growth for a new online casino?

Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?

Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?

Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.

Sometimes it's not an option to "take it slow" when it comes to building up an online casino. It worked at the beginning of the cryptocurrency craze, when it was still a new eco system and it was not achieving the full attention of everyone. In the current age however, it's very hard when you are dealing with financial transactions to avoid all the security, privacy and technical complications that come with it. If you're starting off slow and with low technical knowledge, you could be one blunder away from losing depositor money overnight and resetting any hard work to zero. Which means you have to be able to hire specialists and structure your website in a way that can fend off things like DDOS attacks, so it starts to get very expensive very quickly. The alternative is you can fall over rather quickly when you catch the attention of the wrong people and wipe out lots of hard work.
1318  Economy / Economics / Re: Saudi Arabia and OPEC Reveal Surprise Oil Production Cut on: April 05, 2023, 07:43:16 PM
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members as a “precautionary measure” to stabilize the oil market.

___
Are the US authorities no longer in control of the world situation?

The US always had a rather tenuous grasp of the situation and were able to work with the previous ruler of Saudi Arabia much more closely. It's a different era now though, Saudi Arabia has been growing richer all this time and the new ruler MBS is looking out for himself only. He was probably very annoyed to be embarrassed after killing that journalist inside the embassy in Turkey, showing he is not beyond stooping to new lows in seeking to punish people who he thinks have wronged him - this put him directly at odds with democracy.We also saw that he is mending ties with Iran now, probably as a method to get more leverage in the region and is tilting towards China - who have a big appetite for energy resources and no moral qualms getting in the way due to their equal authoritarian stance.
1319  Economy / Gambling discussion / Re: Best time to gamble on: April 05, 2023, 07:23:54 PM
Good day, everyone I want to share a little idea about gambling, and the idea is about WHEN IS THE BEST TIME TO GAMBLE? On my schedule I mostly gamble in the afternoon 🔅 but letter I was with my friends and we were discussing the best time for gambling so many people says is evening then also checked google and it was the same answer then I also want to share the view with you guys

So now the evening is the best time to gamble because of your daily activities

What is the best time? It's a bit of an obtuse question as it comes entirely down to the circumstances of the individual. There is no "best" time, as that might suggest you could squeeze some additional benefit out of gambling at a specific time of day and you're unlikely to ever crack an algorithm (if one exists) that gambling companies might use to reward people who are accessing their site/app at a certain time - like the quieter periods of the day. Even then, many gambling sites are global which means that timezones are shifting 24 hours a day for all players. Most people need a job to support themselves and others, most jobs will generally be running throughout the day, so by simple deduction this means that most people will only have evenings available to engage in any leisure pursuits like gambling.
1320  Economy / Economics / Re: Is taking a loan/debt addicted ? on: April 05, 2023, 07:16:18 PM
Well, I have to clarify that personally I have never had any loan or debt in my life so this thread has nothing to do with my experience but intends to find out how people in loan/debt deal with the problem. Let's say you take loans from a bank and sometimes for whatever reason, you can not pay the debt on time, then you borrow money from other channels. Sure this works for a certain period but later bad things may happen, you have to postpone the payment and struggle with finances again. Isn't this a vicious circle ? How would you deal with the problem ? I am all ears.

It depends what type of loan we're talking about and if there is proper financial regulation in your country to stop finance related companies from over extending credit to you, that would be impossible to pay back. If you're taking a loan from a bank and have good credit, you might be able to get an interest rate in the 4-6% area which - while high - is about the best that the average borrower might expect to get on a short term loan. However if you're borrowing from companies like payday loan or credit card providers, then you can often be paying in excess of 20% which is an obscene amount that leads to the type of snowball effect that you describe. Many naive or uncaring borrowers skip right past these expensive numbers because they only have the lump sum in mind, not the extortionate repayment amounts.
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