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.
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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. |
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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. |
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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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Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.
The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?
Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.
It's better just to ignore these shallow buzzwords as they are meaningless tech garbage usually produced as a means for some new entrepreneur to sell the latest hyped up product to an investor. It appeals to people who want to be at the cutting edge, the latest and greatest, but is often far from an original idea. The internet is always evolving, new ideas pop up, decentralization takes a step forward, web standards improve, security is enhanced - it's all incremental rather than these huge leaps that such a phrase would suggest. You might also have hundreds, thousands, even millions of people out there who would all give different definitions of what they think it means, which in reality makes it a pointless term to use. |
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There was a time where Elon musk is afraid of Robots with AI capabilities, saying they are dangerous to humans, there was a rumour about some incident where a robot threatened to crush him, I don't know how true is this, but not too long ago even the Microsoft boss Bill Gates is very concerned about the harms that AI could bring on humanity, saying something like AI might decides that humans are a threat. We do we go from here?
There are definitely threats from artificial intelligence - films like the Matrix and Terminator are able to show us the extremes of what could potentially happen. Funnily enough humans are terrible at correctly calculating risks and we as a species often walk blindly into self made traps that we should be able to avoid. Just look at climate change, we can see the harm that things like polluting microplastics in the ocean and endless burning of fossil fuels are doing to the planet, but we still keep going hoping that our generation makes it through without passing on irreversible harms. Bill Gates biggest fear if I recall is a pandemic, which actually materialized and could be the start of more deadly and highly contagious viruses in future - it's hard to tell where the biggest threats lie. |
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After the pandemic, almost every Crypto casino has gained a lot of user base. As they have offered an alternative way to engage in online gambling. However, I wonder if they have been able to churn customers who are used to traditional online fiat casinos.
As per my understanding, crypto casinos have offered benefits that some fiat-based casinos cannot match. Another reason is cryptocurrency provides faster transactions and a level of privacy. Thinking about the regulatory environment surrounding cryptocurrency globally. I think a lot of crypto casinos are still churning existing users of other crypto casinos.
Some of these features can be appealing. If a user is looking for a more seamless and secure gambling experience. Whereas as per my understanding, not all players are comfortable using cryptocurrency. One reason, that I could think about is that cryptocurrency is still a relatively new technology & it might be the primary reason some players are hesitant to try them out.
Another reason is strict regulations on Crypto Casinos. That is one of the primary reasons why I think churning of fiat casinos user is not able to attract new users and retain old customers.
There are many more issues that I believe have hampered the churning of a traditional user to a crypto gambler. But the number one issue as per my research is individual preferences and circumstances.
I think most crypto casinos are still churning out existing customers. I also believe that it is not that easy to get a traditional online gambling user to change their habit. What do you think?
I can predict in the very near future that a lot of the existing cryptocurrency casino and sportbooks are going to increasingly pivot towards fiat currency users. It makes ultimate sense really, because they are coming under a lot of pressure to perform KYC processes on their users now and not having KYC was one of the primary distinguishing factors for these companies to stick with cryptocurrency for so long. They will likely start hooking up with mainstream payment processors to facilitate these transactions more easily and we do see a few of them already advertising in big venues like sponsoring major football teams - so they've already got huge credibility in that department. |
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Prime minister Sunak led the country to the UK, and his dream to make the UK a Crypto Hub is breaking apart considering the main system is ignoring the whole concept of what the PM stated in the first place. With the recent news, UK banks are not accepting any Crypto-associated users and companies to open their bank accounts with them, banks are also freezing the accounts of current users/companies, and those who have accounts already approved, are asking for more and more documentation. In short, they do not want anyone to operate crypto-related accounts. On the other hand, Gordon Duff said that European Union is also trying to make efforts which are in turn making various banks "receptive" to the technology but the UK is doing exactly the opposite to that. It also contradicts Rishi Sunak's statement associated with Royal Mint NFT creation which is: Chancellor @RishiSunak has asked @RoyalMintUK to create an NFT to be issued by the summer.
This decision shows the the forward-looking approach we are determined to take towards cryptoassets in the UK. It should come as no surprise really, a lot of crypto related companies are under pressure right now because Silicon Valley Bank was actually a rather key player in allowing them to handle the volume of transactions that they were doing - even if SVB did not structure themselves correctly. As we see with recent P2P exchanges being shut down due to pressure from US regulators, they are easy targets and scape goats for financial regulators right now, especially when their are jitters in the banking sector. Things like a Royal Mint NFT are simply gimmicks and distractions, it's worthless even mentioning them in this context. Any politician who claims to be friendly to cryptocurrency is often using it as a self marketing tool, to appeal to a certain crowd, but few seem to stick by it in the long run. |
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I think that maybe this question might have repeated over time but still I was Saying that I have seen that when we loose almost 50% of our portfolio in loss than we get nervous and we don't know what to do. As we work hard and make our lives better but we end up loosing our money. So I think these cloud be main symptoms. And these are listed below as these are according to me.
1. First things is that we want all in all to cover our losses in just one bet.
2. We use leverage that is more than enough to blow account in matter of minutes and that is very bad.
3. We don't know what to do.
4. We get addicted to gambling and that is bad.
5. We become frustrated and some people end up loosing their lives cause they don't have any choice.
By the way don't Roast me 🙂😜
Maybe you mean the term "bankroll", as you tend to associate the word portfolio with owning lots of shares. Some may call owning stocks a gamble, but they are a much different type of risk taking and often not a zero-sum game. Back on point, if you have lost 50% of your bank roll, that should be a huge red flag that your strategy, if it ever really existed, is very broken and you should probably move down a tier while you figure out what's wrong. Of course this only applies to actual skill based games like poker, where even the best players can suffer variance but will usually only be playing with a fraction of their bank roll in any single session and drop out if bigger losses start to creep in. |
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- Russia considers using Chinese Yuan as reserve currency
- Saudi accepting Chinese Yuan for oil sales
- BRICS new currency coming
Could you explain further how these three events could lead to a possible global market crash? I understand that the nations relying heavily on US Dollar or Pound or maybe Euro could be affected but is it not possible that other countries' economy could boom as well? Perhaps dedollarisation could cause a huge market shock if done abruptly but it is no longer something new to many countries. There also appears to be a dwindling dollar reserves at least according to this blog I definitely found these the most interesting out of all the points and probably the most nonsensical. It's hilarious that you think countries like Brazil, India, Russia and China might come together into a single currency union similar to the kind that you find in Europe. They have vastly different economies and China would dominate the currency, which is why all the others would have zero interest in such a solution. It's also contradictory to suggest that China is heavily pushing the Yuan and also imminently expecting to join a new currency. Also, If this is the quality of your journalism then you would question why anyone would follow or use your channel. |
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I have seen several casinos with promotions where they do "drops" to thousands of people or they give bonuses to several gamblers, but how transparent is this process? Do you think casinos are really doing these drops to 1000s of people or are they skimming from the top.... ? They might say a drop is for 2500 people, but they might only drop for 500 people and nobody will know. Yes, some of those 500 people will report that they have received the drop and it will look legit.... but is it really? How can the gamblers verify that the actual amount of people are receiving the drop or the bonus, if there are no list to verify it? Let's discuss this.. I am curious if other people also thought about this...  This is definitely suspicious behavior and not something you'll tend to find at a casino that offers lots of mainstream functionality. It's definitely a way to trick players into depositing more and I'd certainly steer clear of any site offering these sorts of promos. Either that, or they are raking in so much from players that they're able to throw these supposed drops back. There are a lot of psychological tricks that these sites can use to misdirect as well, like saying 1,000 players received up to 0.01 BTC free plays - a single high roller player might have got it and every other player got 0.00001. You're right, they're not audited, so nobody is going to know what they're really doing in the background. |
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Everyone who wants to create a fortune has a long way to go, first we need to learn how to earn, save and then learn how to make money work for us. Someone creates a business for this, someone is looking for investments, but the essence remains the same, we earn, save and increase our capital.
I'm wondering how long we'll need to do the savings? Who has already reached any significant level, are you still saving, or you can afford to live without any financial restrictions?
I have just started taking steps towards achieving my well-being and it is still very difficult for me to understand how I can achieve my goal and become a wealthy person. The thought that I will have to save for a long time now seems difficult, will it not tire me, will I be able to go this way. I already have some bitcoin and I like the feeling that I own something of value. When I manage to save some money, I buy again, but this is not permanent because I do not have a permanent job. Sometimes I want to buy new sneakers, and I decide to buy or postpone, sometimes I doubt if I'm doing the right thing, maybe I should provide myself with everything I need and save only what remains, if left.
Probably now I am thinking that I would not like to save all the time, I would like to reach the level at which I would be a wealthy person and I would not have to worry about money, but I have no idea when I can achieve this.
Investments can act as a form of savings, but there is nothing like having a spare "emergency" fund of readily available cash in a bank account. Some people feel like they can get by with spare capacity on their credit card, as a back up source of funds if needed. Others might invest a portion of their money in low risk investments - like bonds to help it earn money instead of simply standing still. In the current climate, banks are actually starting to offer reasonable interest rates again, which makes it somewhat worthwhile to start holding money in bank accounts. Even the richest will have a small portion of their money available in easily accessible accounts, but they're the people who have to worry about money the least. |
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Today I am reading about skill based slot machines which is very popular among millennials. This is the first time I am reading this in my life as a gambler. All that I have known about slot machines is that the outcome is purely based on luck1 as a result of the Random number Generator (RGN). From what I read, the major difference between this skill based slot machines and the regular/traditional ones we know is that there is a bonus round for the players to2 display their skills which gives them a greater chance of winning. Despite this, the odds are still stacked up against the player.
Has anyone here tried it out?
Which do you prefer, traditional slots or skill-based slots?
It is maybe no surprise that they do not give any actual, real life examples, of a "skill based" slot machine. Every single slot machine out there has been engineered to take money in for the casino and not to let the player win in the long run. This article - from two years ago - uses words like profit, as if it's possible to win in the long term from this type of game, when simple mathematics tells you otherwise. You might get very lucky, out of some freak set of variance or targeted psychological engineering, in the short run - but you will not win long term. At the very least, these machines cost money to run and the company has overheads to pay which require them to take at least a certain amount of your money, never to be returned. |
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The sad part is how gamblers have already dug a hole, and when they're at the bottom of it, they're in some ways wishing that they could just return to the starting point and get their money back - not even making a profit at that point. Unfortunately chasing losses like this is just going to leave you in a much worse position mentally, because you are throwing away good money after bad. The fact that you've lost so much money should be a clear indicator that the odds are not in your favor. There is often zero skill involved with almost every casino game that they offer, you are just handing money over in return for clicking a few buttons with some options that give you the illusion of control, or quirky side games to momentarily distract you. |
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Well, we have seen a lot of negative news in the crypto sphere for a long time now. So here is little out-of-the-blue good news for our cheer-ups as we move toward the end of the financial year.
After a press release, the Hong Kong fund is set to raise around $100 mln for crypto investment and this is to be done before the 2023 year-end. They have already had success in the year 2022 by raising around $30 mln and thus making themselves one of the positive investors of crypto.
How this fund will be used? Well, it is set to support WEB3-based projects and regimes through their Crypto partner ProDigital Future. "The fund is led by Ben Ng, a partner at Hong Kong-based equity firm SAIF Partners, and Curt Shi, a long-time tech investor from China."
The leader of a fundraiser who is Curt Shi has declared that it won't just help Hong Kong to be more crypto-friendly but also other nations and continents like Australia, Singapore, Europe, and USA. Not only this, but ProDigital Futures is also the biggest investor in the sports and gaming metaverse spaces.
This is some news one can be sure of, it may influence others to invest more in crypto.
It's maybe no surprise that Hong Kong is trying to reposition itself as a crypto hub, after China destroyed it's legacy as being one of the most respected financial locations on the planet. However Hong Kong is a shell of it's former self after it was absorbed by China and all independence has been removed. It is now at the whims of the political class, the CCP, who are so erratic in their handling of financial matters that few places trust them out of choice. You would be warned not to park any crypto there as you never know when the rules will change and they will seize all your funds, just like their many random crackdowns on things like the gambling and even the tech industry, that have happened recently. |
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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?
You seem to be jumping around all over the place with your questions as they are not at all connected. The answers will also change based on the leadership at each individual gambling company and the laws within the country that they are based. Some will be very devious when trying to recruit influencers and not advertise the fact, others will be very upfront about who their ambassadors are for their brand. It is totally disconnected with your other questions though and mingling them up will just confuse you even further. Casinos and sportbooks are quite upfront about where they get their earnings - they are aiming to take a small cut from every bet by trying to calculate odds better than the user. They do this by data mining and analysis which they do rather well. |
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March 29 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society.
Earlier this month, Microsoft-backed OpenAI unveiled the fourth iteration of its GPT (Generative Pre-trained Transformer) AI program, which has wowed users by engaging them in human-like conversation, composing songs and summarising lengthy documents.
"Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," said the letter issued by the Future of Life Institute.
After the recent events of the fake AI generated photo of Pope the risks to the society are clear.
Technology personalities and even people from other areas such as Yuval Harari have been telling the risks of AI for years.
Risks must be correctly managed and there must be some kind of security protocols to avoid damage that chatgpt and others can do.
One question I have. Does chatgpt own any btc? Can it have some hidden keys?
Elon has lost all respect and has zero moral compass, he is long past giving anyone else instructions on how things should be done after his string of scandals. Even if AI was paused in some countries, it would continue to be developed in others so it is probably best to understand the limits of it. It's sort of ridiculous to give an example of an "AI generated" image of the Pope because such things could be created in a couple minutes by someone who is an expert in photo shop, it's hardly ground breaking or threatening to enter uncharted territory in that sense. Let's also remember that Elon took over twitter and promptly fired thousands of workers who were in charge of some of the departments that moderated content, looked at complaints and met social obligations. |
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You will agree that some category of people will most probably become addicted to gambling if exposed to it than some other people. If you are the type that likes to refer and tell people to try out new things, you should avoid encouraging this category of people listed below to try out gambling even as a way to relax or for fun. - Be careful introducing gambling to teens, especially young male teens. Young people are more vulnerable to developing a gambling disorder than adults. According to the Journal of Child and Adolescent Behavior, around 5% of teenagers in the United States have problems with compulsive gambling. By contrast, only about 1% of adults have a severe gambling problem. And there is a specific about "males" because men are at a higher risk of compulsive gambling than women in all age groups. What accounts for this difference? One study found that men are more likely to take risks and experience social anxiety than women, contributing to problem gambling. . source- Be Careful introducing gambling to people with some certain "Personality Characteristics". Certain personality traits are associated with a higher risk of developing a gambling addiction individuals who are highly competitive or get bored easily may also be at higher risk of compulsive gambling. People that you notice have a poor opinion of themselves, low self-esteem connects to addictive behaviors, including compulsive gambling and substance use source- Be careful introducing gambling to people who have a good access to enough money and no discipline in spending, they may not mind gambling to win money, but for other reasons, and because of their good access to money, they may just become addicted without even knowing. - Be careful introducing gambling to someone who you know is poor and needs a better way to earn a livelihood. The person may mistake gambling as a way to earn a living. - Be careful introducing gambling to your friend who you know easily gets addicted to new things. - Be careful introducing gambling to your friend who you know has a drug use problem. In general, I know some forum users may like to respond saying we should be careful generally who we introduce gambling to, which is true, but since may not possibly be avoided, there are some categories of person's that we should be on the look out for in the society. Join the discussion by extending the list if possible.I'd say that at least with the "who you know is poor" option is too broad, as education can make you intelligent enough to avoid the pitfalls that can come with gambling. However, generally it might be good advice because often those who have the least are the most susceptible to trying to jump a few steps up the ladder. People with a drug use problem may have more problems with their poor money management skills that tie into the problem and will manifest given a long enough time. Anyone can become addicted to these sort of activities, just like anyone could become an alcoholic or fall for other problem addictions, it just generally comes down to the environmental and social exposure they receive. |
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Recently, some countries began to use their local currencies in trade with each other. It is true that there was no trade union between these countries, but these movements began to increase. This topic will shed light on some of these countries.
It's ironic that these countries decide to ditch the dollar for an even bigger devil. It's some very senior level politicians no doubt getting very rich doing grubby little deals that will end up in very opaque arrangements with China. America is by no means an angel, nor is it especially charitable in the rates it offers, but China has been shown to be much more manipulative in it's business and political dealings. The average person on the street from all of these countries is going to suffer for these trade agreements in future. Ironically China is an even worse currency manipulator than the USA, which is funny because that is a very tall hurdle to reach over. These swap moves money from the clouds into the dark caves where no one can see. |
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As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time. I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities. My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game. I've read a story in the past and it would require building up a certain array of connections, but there is a way to make profit from this sort of thing. However it probably requires a much larger scale and bank account than most people here have available. It's very hard to arbitrage things like football betting in Europe, as it is a very competitive market, however if you watch the odds movement on things like horse racing you might start to think there is the ability to profit in that game - if you are able to calculate and look across many bookmakers at the right times. It's a very simple profit calculation, so you either find a bet where it works, or you don't - outside of these much higher odd sports, I haven't seen this sort of arbitrage possibility after looking at many options. |
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How long in years should I go before I give up and close down a business that is unprofitable? I was listening to a podcast where Kelvin O'Neal 1 was featured. He said, "If you are not making money after 36months(3 years), you've gotta take a behind the barn and shoot it. It's just a hobby. It's not a business." According to him, "people can get so stuck on a bad idea that they just keep thinking that if I keep working on it, it's going to fix itself. It doesn't fix itself. It was put on your journey to teach you, what not to do." - To what extent do you agree or disagree with this assertion ? -Have you had a business that even though it wasn't profitable in the first three (3) years, then it kicked off to bring in good returns in the fourth (4th) year?
1 https://www.instagram.com/reel/CqVbhNCt0yF/?igshid=YmMyMTA2M2Y=The answer to this can vary wildly and also depends on the personal circumstances of the founders of the company. For example, if it is a fairly low cost exercise and the owner is the son of some rich millionaire, then they might be able to keep it going - just under making a profit each year out of sheer perseverance or having it as a sort of side project. However if you are an owner that relies on it to make an income in order to pay your personal bills, then you have a much shorter runway to use. You should be able to tell within the first couple years whether it has a long term future, because you can see peaks and troughs in that time. However Amazon went for a long time as an "unprofitable" business as it sought to claim market share and is now one of the biggest companies in the world. |
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