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1461  Economy / Collectibles / Re: Donation Auction #2 For Cold Key Victims on: February 21, 2023, 10:53:38 PM
Lot 4: 0.0005
1462  Economy / Gambling discussion / Re: Why Do Gamblers Do This? on: February 21, 2023, 09:10:21 PM
In this forum and other forums where gambling is one of the topics of discussion, one of the recurrent topics is people who write about how their gambling addiction has ruined their lives. We usually encounter topics like "Gambling ruined my life,"  "I lost all my life savings to gambling,"  "I gambled away my entire salary," etc. Then they go on to tell a sad tale. It makes me wonder: why do gamblers tend to wait until they have suffered a catastrophic loss or a string of losses before quitting or seeking help?

There is a fair amount of self pity going on with these kind of posts and while sometimes you can feel sympathy, often it is a story repeated many times before and ultimately driven by greed. Nobody likes to feel foolish and most people who have lost money any where will come away with that feeling, so it can just be a form of venting off steam at their own stupidity. Others will just go through life performing all sorts of attention seeking behavior including this sort of posting. In times of despair, like the most extreme examples you gave, it can often be a cry for help and people in need of more voices - but sadly it will not change the underlying fact that they thought they were special enough to beat the system, but the system beat them.
1463  Economy / Economics / Re: Forget a return to office: We’re living in the age of side hustles on: February 21, 2023, 09:04:33 PM
The following could explain how many americans are supporting themselves despite not being officially employed.

Quote
This past year, 39% of American professionals participated in freelance work, either part-time or full-time, according to Upworks new survey of 3,000 adults. Thats equivalent to 60 million Americans, up 3 percentage points since 2021 and a record high since Upwork has performed said survey starting in 2014.

While it is not mentioned, I am wondering how many "freelancers" earn income in crypto related ventures? Crypto being one of the bigger employment and revenue creating opportunities of recent times, is it possible that a significant segment of side hustles are crypto based ventures? Or is the trend more evenly distributed throughout ride sharing apps, amazon delivery freelancing and purely internet based activities?

Generation Z appears to be the largest freelancing demographic. Which makes sense given they're probably the most internet and technology literate. I think generation Z is also the largest crypto using and supporting demographic.

With concerns lingering over future job automation and lack of wage growth. Could side hustles and freelancing work represent the natural progression for the future of job markets? If this is true, then could crypto also be prominently positioned to best leverage and fulfill needed areas of freelance finance, given its flexibility, adaptability and rapid deployment capabilities.

Side hustles can often be glamorized in the media and can come in many different forms, however the title of the thread completely overlooks a key element. These are "side" hustles because they can often provide only a supplementary income to a main job and assist people with being able to increase their income in that way. Sometimes it is possible to convert them into a main job with enough time and perseverance, but many also fail along the way or take far more energy than they are worth. Any extra cash can certainly boost the standard of living, but it should also be balanced with any extra stress or lost free time that comes with it - which can turn a 40 hour working week into a 60 or 80 hour week for little gain.
1464  Economy / Gambling / Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! on: February 21, 2023, 08:53:44 PM
https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

It's definitely a good lesson and should be a constant reminder that even "safe" bets can fail. I'm guessing that someone who can place down such a huge bet so flippantly is not necessarily bothered by losing and probably don't care for any sympathy around here. To me it symbolizes I'd much rather win many small bets with some slightly higher odds and accumulate money over time that way, than try to take a small profit but risk a lot of money. I bet the casino have showered this player with gifts before and after this, but never will it make up for the huge sum that they lost. These kind of high roller prolific gamblers can often get more favorable odds than most of us, another advantage they get over the low rollers.
1465  Economy / Economics / Re: does bitcoin help in your economy? on: February 21, 2023, 08:48:51 PM
there are many people investing in bitcoin, some are profitable and some are losing. and I believe bitcoin has a big advantage. The question is whether when you benefit from bitcoin, you can help your economy and your family?

I think a country allowing bitcoin is rather symbolic that they are dynamic, open and flexible to new concepts where you may not fully understand the end results. The blockchain idea itself is a master piece and has many practical uses in keeping transactions in a ledger, however it is not perfect (nor is much in life). Bitcoin itself won't help a country necessarily unless it has a wide pool of users, people that want to buy, sell or trade in a different form of currency. There could be lots of different reasons people want to do that, they may not trust the government or other authorities, they find it more convenient than paying fees to banks or numerous other reasons.
1466  Economy / Gambling / Re: What do you appreciate more Desktop or Phone on: February 21, 2023, 07:39:53 PM
I am strongly in favour of desktop applications or even web based, as I think that phones are usually to small and I do not really trust much the apps, but there seems to be many people who would rather use their phone. Is that because they do not have access to a desktop computer? It may also be a regional issue, the same as people that do not use a browser?

A desktop gives you access to so much more screen space and is often the same size as a tablet too, so it's fairly multi purpose in that respect. Using a mouse gives a lot more accurate positioning of the cursor, which can make a big difference when it comes to certain games. Having more screen space also allows for more functionality, like in poker you might only have call / raise / fold on a smaller phone screen but a desktop screen can have pre-defined amounts like 2x or 10x in the additional screen space. All round I've always preferred desktops - one other big reason is that the internet is more prone to dropping on a phone, compared to wired or even a wifi connection to a PC.
1467  Economy / Economics / Re: Are people really having the wrong concept of savings? on: February 20, 2023, 08:25:44 PM
"Are people really having the wrong concept of savings?" This topic and question was triggered earlier this morning after writing on two separate threads where it seems people are already misunderstanding the concept of saving
saving according to Google search from Banco Central de la República Argentina |
"Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately."
The word "use"(spend) is the key word of concentration because it seems people talk so much of savings as if one isn't supposed to use their saving even until death and I began to wonder what the purpose of saving really is.
We ought save money so money will save us and some also say that we out to save for raining days and we should know that out raining days might differ and one should be free to use their savings and not feel they're doing something wrong when using their hard earned savings.
 What's your concept of savings?

For some people, saving is a luxury and a dream. If you are earning $100 a week in a cheaper country, but rent and food is costing you $95 a week - then the reality is that you have such a little amount of spare funds that you simply want to use that spare $5 for entertaining or treating yourself. You can end up with a pretty miserable lifestyle if you work hard all the time and do not reward yourself for doing so. In that situation, you'd probably look for a way to boost your income or cut your expenditures before you'd feel comfortable enough to start saving. It's definitely about finding a financial balance but also making sure that the funds you've saved are safe. In some countries banks are a bit unstable or the government can mismanage things so badly that your local currency implodes - wiping out lifetimes worth of savings but not the fault of individual savers.
1468  Economy / Gambling discussion / Re: Give it a break. on: February 20, 2023, 08:08:31 PM
Give yourself a break.
This is one measure or strategy I use in my gambling technique to curtail losses upon more losses. Immediately I realize I have made many streaks like about 5 to 7 streaks for the week and I haven't made any win at least out of these numbers of streaks the next action is to give it a break for another new week to come. Believing that it's not my week and there's no need trying more as I will only end up break my bank for nothing at the end.
I do this for a long time now and it works for me by saving me from incurring wasteful losses and also having/saving me some money  for the next week to come. Indirectly this strategy also help to moderate my gambling habit and uncontrollable addiction tendency, and it also provide me the chance of having money for any winning opportunity that might come up for the new as I gamble.

At this point what do you think about this gambling strategy I use? Although yours may not be with 5-7 streaks in a week you can also set a number of streaks convenient with you to use. Or is there anyone out there already using this strategy and how beneficial has it being to you?

The trouble with this theory is reality - people who have a hardcore gambling problem will likely keep finding sources of money to spend and aren't even trying to justify their habit any more. The sensible people are more likely to give themselves a break after they get maybe 3 losses in a row. It's all relative and can even depend on what sort of odds you're gambling against or what sort of money you're spending on it. If you're throwing down ten cents and coming up with 10 choice parlay bets, then it's probably a lot less harm than throwing down $100 on 3 separate bets which are low risk but also fairly low return. I tend to stick with the low ball strategy which keeps things interesting for me - you don't win much but get to take some fun risks.
1469  Economy / Economics / Re: The Rise of GPT AI. Crypto is at risk? on: February 20, 2023, 07:40:29 PM
Over the recent years, technology has improved leaps and bounds, and one notable development is the rise of GPT AI, an artificial intelligence that allows machine to interact with humans in a more natural and conversational way. We cannot ignore the fact that it lessens the amount of work needed in some areas in our economy and society, thanks to the advancements of machine learning, natural language processing and deep learning, as a result GPT AI has become a powerful tool for businesses. Although we could say it gives us benefit, we can't still be so sure with the risks involved that maybe can outweighed or may potentially ruin the economy.

"GPT AI has also been used to develop trading bots that can automatically execute trades based on pre-programmed rules and conditions. These bots can monitor the market 24/7 and make trades based on real-time data, which can lead to more profitable trades and reduced risk."

Based on that statement alone, we can conclude that there will be potential risks such as trading bots that could manipulate the market which could lead to significant losses.

How about you, what are your thoughts regarding this one?

There have been a lot of so-called ground breaking technologies out there which in reality did not pan out to the widespread effect that was claimed by many at the start. Let's not forget that there have been many cases where it gets information wrong and it also gathers information largely from people who have produced it beforehand. While it may put certain groups of people out of a job, which should be beneficial to everyone in the long run as automation often frees up people for other employment opportunities elsewhere, it will probably not go as far as the doom and gloom predicts - of putting everyone in IT out of a job. Bot trading has been around for decades already and as it is based on heavily outdated information it's not really that advanced in comparison.
1470  Economy / Gambling / Re: Looking for paying online casinos for refer on: February 19, 2023, 09:56:29 PM
I started earning money online before crypto through affiliate marketing and other, I still have my tools and I feel like taking the next step to crypto and online casino, I am looking for list of online casinos that pays people for referring other people even if they have to make deposits first, what is important to me is finding the highest paying ones as I have ways of promoting that I believe will not fail me or waste my time, also is there anyone into this type of side income thing? What type of  Smiley advice can you give a dude like me?

You should probably look through the top ten most active casino and sportbook threads here, as they tend to have staff that interact with users - a good example that they are running a professional company. If you just rely on users adding links in your thread you might end up with a few duds and waste your effort promoting them. Most will offer some kind of affiliate system but they sometimes require a website that you will be advertising on and won't just accept anybody. You should search "#casino / sportbook# name affiliate program" in Google as sometimes they try to keep them entirely separate from the main site where they might show only refer a friend programs. Avoid using refer a friend if you're doing professional promotion, as it might a) invalidate your referrals and b) pay you less than the affiliate equivalent.
1471  Economy / Collectibles / Re: [FREE RAFFLE] Willi's Bitcoin stainless genesis block plate on: February 19, 2023, 09:38:36 PM
33 over here please Smiley
1472  Economy / Economics / Re: Warren Buffett’s Berkshire Hathaway buys even more AAPL stock, ditches TSMC on: February 19, 2023, 08:09:14 PM

It seems as if the Oracle of Omaha is throwing his enormous financial clout behind AAPL. While simultaneously reducing his exposure to taiwan based TSMC semiconductor.

They say they increased their stake in apple by a factor of $3 billion in 4th quarter 2022. With the price chart for AAPL during this timeline being quite interesting.

Given apple's known issues with obtaining semiconductors from its suppliers, does this move by Buffett signal those supply chain difficulties are about to be resolved? If anyone would care to question or second guess this investment move by Buffett, I would be curious to know what their opinions are.

I would be curious to know what opinion most have of apple and its products. For whatever reason apple apparently being one of the more polarizing figures in the technology industry.

When you're at Warren Buffett's level of power, as he has said many times before - he's rather limited where he can put the huge mountains of cash that he's sitting on. If he decides to make an offer on a company, unless it is done privately - usually by family owned operations - then the share prices will tend to get bid up so far as to make the deal unworkable. Plus I guess he's identified Apple as being similar in brand status as Coca Cola, which he famously raves about any chance he gets, in that customers are very loyal but also locked into the ecosystem the company has built around it. That's quite valuable really and it's a company that is giving him a lot of cash back to play with.
1473  Economy / Gambling discussion / Re: The History of Bingo on: February 19, 2023, 05:49:32 PM
The History of BINGO

Bingo is one of the most well-known forms of gambling that can be found all over the world. It is actually very popular among older people in my country and usually has a place of its own, but it can also be found in almost any casino.

It is said to have been brought up in Italy around 1530 as a form of Lottery and was called   “Il Gioco del Lotto d’Italia”. Furthermore, it was later exported to France, where it grew to become one of the most favourite games of the French aristocracy. 

It was much later named "Bingo" in the US, when it hit the spotlight over there. You can read more about Bingo here

Bingo is actually really popular in my country and there's a few countries in Europe where it's played a lot too. There are big halls that tend to draw in a mainly female and older crowd, but it can be pretty fun when the room is getting hyped up. They actually dipped off and many were on the verge of closing throughout Covid because these huge buildings became unused and had a fair rent bill still to cover. I think that it's a growing market again now as people look for entertainment again and remember the good times they had with friends in these places, it's a fairly cheap night out as well with the potential to win back some money. Compared to a lot of other gambling games it is fairly benign and slow play if played in person instead of online.
1474  Economy / Economics / Re: Lebanese depositors smash up, burn Beirut banks on: February 18, 2023, 08:27:41 AM
Quote
Several dozen Lebanese protesters attacked banks in a Beirut neighborhood on Thursday, while blocking roads protesting against informal restrictions on cash withdrawals in place for years and rapidly deteriorating economic conditions.

At least six banks had been targeted as the Lebanese pound hit a new record low on Thursday, a spokesperson for Depositors Outcry, a lobby representing depositors with money stuck in the country's banking sector, said.

A bank in the Badaro neighborhood smouldered as firefighters sprayed water, while riot police stood nearby with shields.

https://www.abc.net.au/news/2023-02-17/lebanese-depositors-smash-up-burn-beirut-banks/101987326

What is happening in Lebanon is strange, as depositors cannot access their money, and with the increasing loss of the Lebanese pound, which has lost more than 98% of its value since the collapse of the financial sector in the country in 2019, depositors will be forced to withdraw their money and transfer it before its value turns to zero, as The amount of one million pounds may have represented a value 4 years ago, but it is not worth anything at the present time.

Not far from the Lebanese pound compared to stablecoins, deposits on centralized exchanges and other central sectors of the cryptocurrency.

I can understand that it must be devastating for people in the country to see that any work they are doing is paid in an almost worthless currency, however they should direct their aggression at the incompetent politicians running the show, rather than the banking system. Burning banks and other infrastructure just seems like a crazily stupid idea because it is just wasting even more limited resources in an already poor country. On a wider scale it also discourages future investment by foreign companies.
1475  Economy / Economics / Re: I have a raspberry, I buy the raspberry from myself, how much money do I make? on: February 17, 2023, 06:58:56 PM
I have a raspberry, I buy the raspberry from myself at $5, two days later, I sell the raspberry to myself at $10, another two days later I buy the raspberry from myself at $15, two days later I sell the raspberry to myself at $25, how much money do I made?

But he see the price of raspberry getting going higher and he got greedy. Contradict to popular belief, stock market can never go to zero, despite having no real buyers, you would die but stock market won’t die, stock market would keep buying to themselves until eternity, the stock would always have price and never at zero. But it’s not zero sum, it is also not waste of time, it is also not useless and produce nothing of value.

The financial guy can see the full picture, but non financial guy can’t see it, non financial guy like professional doctor teacher lawyer accountant engineer are usually the one who gambling on the stock market, it is baffling, and they think they’re impressive and very hostile. Winner focus on winning, loser focus on winner.

Also because I buy and sell to myself, I am the house in this game, if he got greedy and play my game, he is not the house and may not win.

But should you invest in stock market? I dunno, you can try to beat the house.

From your very first sentence it seems you don't actually have much of a clue how the stock market works in reality. Also, the fact that you think the stock market is gambling makes you one of the "non financial guys" who needs to learn a lot more before commenting on it. There are plenty of large companies out there which make profits year after year. If Coca Cola sold one hundred million bottles of coke last year and has grown 5% each year for 20 years straight, then it's quite probable that they might grow another 5% this year or at the very least sustain their profits at the current level, profits which are paid out at least partially to the stock owners - the shareholders. It's not rock science and it's only risky when you buy into companies with little history or profits.
1476  Economy / Gambling / Re: Consider open live casino (street gambling games) on: February 17, 2023, 06:48:44 PM
There ia the big evolution that allow live play roullete and black jack and more.

I consider bw the first one to open live casino street games.

The one that simple players play like 24 (alternatove to roullete)

Coin flip and more all broadcast from thr streets

What you think?

Edit; i dont think all understand here what live casino games means.

If you dont understand  what is live gamre watch endoephina is mean the bets ard played live by real person every few seconds. (Real blackjack dealer,real roulletr dealer etc)

So if you think it can be rigged it doesnt make sense. Live casino providers dont gain anything from rigging a game t


For example if lose win 5k hand live black in stake.com by evolultion provider. Evoulution gain about 0.5%.  
Stake.com gain the most.

Livecasino providers dont gain shit fron rigging games this why they are much better option than playing on a regular self made casino games. Is more trusty way to gamble.

I think that whoever takes on such a venture better be damn sure that they know what the laws are in the place they are running these games. As I don't know of any country in the world that allows gambling games on the street, it's usually done through licensed casinos - even if no cash exchanges hands on the streets and it's purely for broadcast purposes to people placing online bets. Like it or not, gambling still has a somewhat unfair reputation and is frowned upon by certain people in society - those people and even rival casinos would be quick to put pressure on companies trying to come up with new ideas like this. They could use all sorts of reasoning, like it is in an unregulated environment or prone to abuse.
1477  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: February 17, 2023, 06:06:08 PM
Many governments are moving to push hard to reduce sales of diesel and petrol cars, the European Parliament has officially approved a law banning the sale of new petrol and diesel cars in the EU from 2035

Quote
The landmark law will require carmakers to cut down CO2 emissions by 100 percent.
The 100 percent cut in CO2 emissions from new cars sold would make it impossible to sell petrol or diesel-powered cars in the 27-country bloc. The law that comes into effect in phases that will require a 55 percent cut in CO2 emissions for new cars starting 2030, which is a much higher target in comparison to the current 37.5 percent.

Source ---> https://timesofindia.indiatimes.com/auto/electric-cars/no-petrol/diesel-car-sales-by-2035-european-parliament-approves-ban/articleshow/97939363.cms

Some reports indicate that the costs of running an electric car are actually lower than the costs of running a car with an internal combustion engine.
So, will this goal be achieved by the year 2035? Will the cars be more efficient and at a good price compared to current prices, or is it a policy that may take decades?

It would definitely be a dream for all, but frankly it is only possible for the very richest countries at the moment and the more developing countries will slowly get more of this technology after it becomes cheaper later on. One thing that I hope the politicians and policy makers are taking into consideration is how much pollution is produced from things like the rare metals that batteries contain and that should definitely be factored into the pollution & ecological calculations. If in switching from oil to precious materials we end up releasing poison in a different form, it's a shallow way to act. In the long run electric vehicles should be much better for air quality in many ways, but maybe the next step is re-inventing the wheel - rubber leaves a big mess of it's own.
1478  Economy / Gambling discussion / Re: Sports betting fraud in Brazil 😦 on: February 16, 2023, 08:46:12 PM
It is estimated that the bettors would have profited approximately R$ 2 million (~US$ 383,130.00). Shocked

The fraud involved bribes for players, and among the main actions, it was necessary for the player to commit penalties in the first half of the games that were played. Each player received R$ 150,000 per bet for this act (~U$ 28,734.00).

In fact, this makes it much easier to earn money from sports betting.

Unfortunately these are situations that occur in several countries, but the amount of money involved always calls our attention.
In these cases, bets were placed on the competitions that we call "Series B", which is the second largest football championship in Brazil, in which the best classifieds guarantee a place for the main championship in the following year.

Do you have any source material to back up this claim? While I've no doubt it can happen, often it is a very hard charge to prove because these things are often done in hidden deals and it's easy enough to create these situations while looking like genuine play. Frankly I have no issue with people profiting at the expense of bookmakers, but it definitely brings the game into disrepute and is effectively cheating. You can never have a fair and honest game if you are playing with people who are trying to profit in this way. Most teams have thousands, or tens of thousands of adoring fans who wish to see a good game and these cheaters also let down their team mates who are trying to win. Hopefully big penalties, both financial and criminal sentences are handed out.
1479  Economy / Gambling discussion / Re: Bitcoin gambling problem on: February 16, 2023, 08:31:29 PM
Hi!
A few days ago, we were contacted by a platform helping people with gambling problems.
It's an online international platform with courses, self-assessment tests, videos, and a big community of ex gamblers.
I know there are people here that gamble too much, it's easily done. If you have problems, contact them. All their services are free to use.
I thought it was a good resource to share here. You find the platform here: https://quitgamble.com.

May the force be with you!
/A

It's always helpful to share these types of resources, but I found it slightly ironic that just scanning through the about us page - the founder states that the whole setup is actually funded by a collection of casino gambling comparison sites. So on the one hand they *might* be helping people but on the other hand they are directing new people to these gambling sites that create the underlying addiction, it seems highly hypocritical and I wonder what mental hurdles they jump through to rationalize that to themselves. Anyway, if it helps just one person get free, as it looks like there are some quite expansive sections to the site, then I guess it's a useful resource, but the domain feels a bit ugly (not that it matters much)
1480  Economy / Economics / Re: Cheap food: can you beat this price in your country? on: February 16, 2023, 08:23:31 PM
Just found a restaurant where the individual meal costs only 0,57$! Meal composed by rice, toasted cassava flour and black bean stew with few pieces of pork meats. Feeds one person decently and the taste is good. You can eat the whole month for less than 35$, considering lunch and dinner daily! That is perfect for cutting expenses with food!

Do you know any restaurants which serve cheaper meals than that where you live? It must be a meal, not snacks.

What you'll find is the cost of a meal varies hugely country to country. In America you might buy a burger for $10 but the average wage people are paid is much higher. In your country that $0.57 might be worth the same amount in comparison to the average wage. It makes no sense to really give just the cheapest examples without giving a wider context about food costs. The food while cheap does not exactly constitute a well rounded diet and is lacking any sort of variety, unless they have multiple different dishes priced at the same level you wouldn't want to eat it twice a day for a month. Even prisoners seek a bit of variety in their food habits, although it's interesting to see prices from lots of different people here.
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