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1521  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: August 17, 2023, 11:04:32 PM
So many games in Dota 2 section but I had no idea the TI qualifiers will begin today. Funny or not , what is Execration doing here ? We learned from them that they are not capable to play high tier Dota if they play outside SEA. They had 3 majors runs this year and all of them were a failure Sad  because besides Talon , SEA teams are really having a hard time to play Dota. Same goes for CHINA region , who top players and team are playing into SEA pubs because CHINA dota is maybe in the lowest rate of players.

Everyone in the region is really failing to post impressive results on their recent runs. The Chinese teams and powerhouses are also failing to finish on top of the placements. I’m really curious as to how far would Chinese and SEA teams go in this year’s TI. If we are to follow the ‘pattern’ in the TI championship, it should be the Chinese who should win this year’s most prestigious Dota 2 tournament. But with the current state of Chinese dota, I guess we’re far from it.
1522  Economy / Gambling discussion / Re: What you will do? on: August 17, 2023, 08:26:42 PM
Back then, I gamble because I don't have nothing else to do on the weekends and I have some extra money to burn weekly for my entertainment and leisure. I'm not the type of person who indulges in shopping, expensive hobbies, or social gatherings, and thus I see gambling as a means of 'entertaining' my self by playing with my chances and numbers on the screen. I never won anything significant over the course of my weekly gambling habit, but it sure helped me kill lots of hours before I need to function again. I don't need to win, though it would be a nice thing to have honestly.
1523  Local / Pilipinas / Re: Huwag manghula lang pagdating sa crypto on: August 17, 2023, 12:36:12 PM
Pera mo yung nakataya kaya dapat talagang handa kang mag extra effort para matutunan mo yung takbuhan sa industriyang pinasok
mo, hindi lang basta invest lang tapos antay na lang.
Dapat updated ka at sinusundan mo yung progress at development para hindi ka maiwanan sa lugawan pag may biglang spike or biglang dump.
Ganito naman talaga dapat pero aminin natin na hindi lahat ng nag-iinvest sa crypto ay may kusang maglaan ng panahon para alamin kung ano yung pinapasok nila. Dahil kadalasan, ang pagiging hype ng isang coin ang nagbibigay sa kanila ng interes para subukang mag invest kahit walang knowledge tungkol dito. Isang pagkakamali na saka lamang nila ma realize kapag nawalan na sila ng pera dahil sa maling desisyon.
May point ka dito. Madami sa ating mga kababayan ang masyadong na a-attract sa hype o "trend" na nababasa nila madalas online na nagsasabi na kikita sila ng pera sa crypto. Kaya naman kahit wala silang background o kahit anong kaalaman dito ay papasukin nila ito. Hindi rin naman natin sila masisisi lalo na sa panahon ngayon na halos lahat ay nagigipit sa pagtaas ng presyo ng mga bilihin sa bansa. Ang magagawa nalang natin ay mag paalala na mas mabuti pa rin na may alam at naiintindihan ng buo ang risks at rewards sa system ng cyrpto lalo na sa mga taong kakilala natin na interesado sa crypto.
1524  Bitcoin / Bitcoin Discussion / Re: can Bitcoin provide food for our table on: August 17, 2023, 12:18:53 PM
I think with trading they will be a provision of food in our table, when we understand the rules and regulations of Bitcoin, I don't know if this my concept can make a provision of food through Bitcoin. But I'm well convinced that with this my views over Bitcoin investment and trading it will provide or sustain human, if profit are been made. I know that Bitcoin should not be dependent on, and we suppose to make Bitcoin our side hustle but with seriousness on Bitcoin investment and trading, we can achieve a success.
It could be not like that even if you learn it. Because in trading, there are sellers and buyers in one system, in this case, there will be advantages and disadvantages if there is a trade. So if there are food in your table, on the other hand, there is an empty table for people who have suffered a loss. So, you also have to think about humanity on how to minimalizing empty food on other people. We certainly hope everyone who invests in Bitcoin will get a profit but in fact, not all people (100%) got the benefit, there will definitely be a loss where buying your bitcoin on ATH.
The point is, you cannot rely solely on Bitcoin for your annual budget, especially for food. It is unstable and too much of a risk to do. As you stated, not everyone can get profit, at most not the same amount, and with inflation still around and being heavily felt by the majority of the world, it is very risky and wreckless to depend on Bitcoin for food budgets. Because imagine this, you rely on Bitcoin to provide money for your daily food and something tragic happens and you are not able to gain profit, the exchange became too low and it is not enough to buy food for everyone in your family, what happens next? Where will you get food?
1525  Bitcoin / Bitcoin Discussion / Re: How safe are physical exchanges in your neighborhood. on: August 17, 2023, 11:58:34 AM
I believe  the topic speaks volume for itself as it is already self explanatory.
This question was born out of a real life experience  where a petty trader was publicly  harassed by some uniformed security  personnels claiming  to be some police  officers and after some investigations the security  personnels claimed that the woman aided some criminal  activities  as well as some internet fraud simply because she made her private exchanges public and the government as some point also frowns  at the use of bitcoin  in my country.

Now my worries is that, this singular act has driven alot of fear to some low key bitcoin holders in my neighborhood  even myself and there are shops I hope in town that operate physical  exchanges.

~Do you think those dealers are safe?
~And what's the fate  of physical  cryptocurrency exchanges(r) in your country?

Let's  discuss
Personally I never used physical locations to buy bitcoin and to be honest I don't think I would ever do it simply because it means that whoever is there in that moment will know you own some crypto. Maybe you bought $10, maybe you bought 1 bitcoin, who knows, in any case others don't know and they may think you own a lot of bitcoin so, government aside, there is also a personal safety issue.
I agree with you and I am the same. I am very uninterested in physical exchanges or any personal transaction regarding crypto. Not only is it unsafe for me, it is also unsafe for the one I am transacting with. Moreover, it is very hard to trust people especially when it comes to financial transactions. I would rather do everything online where I have the means to stay under the radar and keep my identity hidden by being as anonymous as I can. There is still risk doing that but not as much as doing physical transactions and exchanges.
1526  Economy / Economics / Re: People don't understand the problem with monetary system. on: August 17, 2023, 05:03:18 AM
Monetary problems, of course not everyone knows, those who have received economics lessons at school or college will understand monetary, the monetary crisis that has occurred in my country and even occurred throughout the world is a complicated problem that is not easy to solve, we as people who actively working, of course, you must always be vigilant with monetary matters, and of course, continue to look for sources of income so you can survive.
The information that you can find at schools related to the economy is terribly biased, many economists and those in power do not even learn about the role that gold played for thousands of years, as if fiat currencies have always been the dominant currencies and not an experiment that has been around since the seventies, it is because of this that economists do not understand bitcoin either and why they want to change it to resemble fiat currencies as that is the only system they know.
I agree with you on this. It is heavily noticeable how various economic textbooks are either just being revised or copied over the years. The ideas are all the same despite the obvious changes and innovations that took and are taking place. It is the way economists are all stuck with their ideas and are too comfortable with what they already know that hinders changes. I mean think of it this way, many individuals' knowledge about the economy is from textbooks and articles that are produced and written by these said economists hence these individuals are also just being stuck with the same ideas and beliefs.
1527  Economy / Economics / Re: New Research found Work from home workers to be less productive on: August 17, 2023, 04:46:07 AM
Study mentioned was done in Chennai, I'd say Indian homes are least conducive for work. Here is similar study [1] done in Netherlands, results are opposite. Point being, such survey results are only good for that particular part where they are done, and should not be used to judge broadly.



[1] https://www.pagepersonnel.nl/en/advice/market-updates/remote-working-can-lead-higher-productivity-and-motivation


Thank you for the source. This is what I mean by stating that it depends on various factors. This example shows how economic status and the environment of the place affect productivity whether it be at home or on-site. The study that was mentioned's scope is far too closed off to conclude that everyone have the same experience. Different country, different financial capacity, different environment, and different attitude of individuals needs to be considered in this type of research as well as the study's scope before a conclusion is made.
1528  Economy / Economics / Re: Big companies will never let you have the financial freedom on: August 17, 2023, 03:57:25 AM

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.

They are control freaks. PayPal doesn't have a good reputation since they began their campaign to fine their customers who speak against their policy or something. Terrible company. I predict that we would see them too do something like applying for an ETF their own version in the payment space so that they not only have control over users of their stable coins but user who use Bitcoin on their platform. It is safe to use them for a quick transaction but never leave your money there. PayPal is all they can to buy back the goodwill of the public because they already have a terrible rep. Avoid PayPal stable coin, avoid altcoins, memecoins. They are not good for your mental health.
I have been reading a lot of negative feedback for PayPal but I didn't think it will be this bad. Seriously, they want to control our money and assets so bad it is ridiculous at this point. I also saw some posts on social media that PayPal either takes down negative posts about that regarding bad user experience or sometimes they are being sent emails regarding legal actions. It is obnoxious. I mean, agree to disagree but none of those negative statements will even be made if they have a good policy and safe user experience. Honestly, I agree with you, avoid PayPal stable coin, altcoins and the likes.
1529  Economy / Economics / Re: Real estate vs cryptocurrencies vs business on: August 17, 2023, 03:21:26 AM
For our financial security, if we have large amounts of money, dividing the types of investments is a good and safe thing, as we know that the higher the opportunity for profit, the greater the opportunity for loss, the profit and risk are always proportional, so placing money in types of investment from low to high is the right thing, real estate is a low-risk type of investment so we can use 75% of assets while cryptocurrencies that are at maximum risk are 10% of assets.
Great idea and good explanation which I totally agree with. You have the money hence it is best to be smart about it. Having various investments may amount to various risks but it also means higher opportunity for profit. And yes, I agree that it should be divided based on the level of risk each type of investment presents. Personally, I will also put more than half of my money on real estate and the rest on business and cryptocurrencies. The two will depend on the state of the market and the economic status of the country I live in.
1530  Economy / Economics / Re: How to developed your capital on: August 17, 2023, 02:47:54 AM
In my opinion, the important thing in developing capital is to continue to expand business and maintain a simple lifestyle.
Why is that..?
There have been many incidents among some young entrepreneurs who have just started their business and have only gotten a meager profit from the results of the business they do, but they have changed their lifestyle to become hedonic and consumptive behavior which ultimately leads to the destruction of the business they are running. Hedonic behavior is often influenced by the friendship environment and sometimes when we have the upper hand it makes us arrogant and only friends with people who are at least at the same level or higher than us which further encourages us to behave hedonistically.

Actually, it is not a problem for someone to behave hedonistically. However, it needs to be underlined that it is not a problem when we are able to do that where the business we have already has branches everywhere and has big profits.
Don't let the business we have not run smoothly and the profits are not enough and also the business and personal needs are not fulfilled but instead you force yourself to behave hedonistically and consumptively
Live within your means and spend what you are willing to lose. I live by that, and I will pass it down to my kids for sure. I agree with you on that, sometimes when we get a taste of success (specifically in the financial aspect) we push ourselves to reward ourselves too much that we don't even notice that we are spending more than what we initially earned. Instead of this, we should learn to be smart about it and make it a goal to double the profit we got. Remember that earning will always be harder than spending.
1531  Economy / Economics / Re: It's good that financial instutions Understood that they need to use crypto on: August 17, 2023, 02:22:40 AM
They’re all slowly coming on board but it’s still a long way until absolute worldwide adoption. Banks are starting to offer crypto services, eventually they all will or risk becoming obsolete. Bitcoin will have a huge part to play in the future of finance so it’s a good idea to buy as much as you can now.
It probably will someday, but it will still take some time. As ideal as it is, especially for us who have known and understand Bitcoin and the system, there are a lot of factors that need to be considered and will come into play in terms of absolute worldwide adoption. The most prominent one is of course the legality of it. Some, if not most, governments will either fully be against it or be 50-50 with the idea. It will take years as legal discussions and debates will surround this. It will happen but it will take a long time from now, and hopefully a more understanding legal system for each country.
1532  Economy / Economics / Re: Fast Transportation Makes Economic Turnover Faster on: August 17, 2023, 01:50:19 AM
Although there are various preliminary considerations to be made regarding the main statement of this topic.. It is very true that an innovative and also fast form of delivery can economically boost, from my perspective, in this case the brand that proposes it and also promotes and pioneers it. However, to the extent that other brands are progressively betting on "jet packs. deliveries" it is likely that the entire economic environment related to deliveries will experience a certain growth, in the first instance due to the growth in costs for a service " luxurious and innovative" and also due to the increase in demand around the euphoria of living an innovative experience when receiving packages or similar at home..
I agree with you. Fast transportation does two great things for a country's economy. First, workers are able to travel faster from their home to their work and back, decreasing the energy they have to spend traveling and thus increasing energy for productivity. The next thing is deliveries of goods allow packages or goods to be delivered faster and thus more goods are being processed faster, increasing the quantity of production which directly affects the profit of a business. However, much like your statement, it is the industry that is heavily reliant of deliveries that will feel the most amount of advantage in such a case.
1533  Economy / Gambling discussion / Re: Gambling discussion effect on: August 16, 2023, 11:55:23 PM
I’m not a regular gambler before I start participating on gambling discussion here due to campaign requirements. Right now I have urge to gamble everytime I saw someone post here about discussion on profit or winning jackpot. Even a simple discussion about strategy makes me want to gamble because I’m excited to try the strategy that I’m thinking.

Right now, I’m still not frequently gambling because of my work but I do regular gambling once or twice a week even if I don’t do this before just because I’m always exposed to gambling discussion and the thought of it makes me want to try.

What’s the effect of gambling discussion here to you? I’m thinking to quit participating on signature campaign that involves gambling discussion in an event that my gambling activities is increasing above my normal habit.

You're someone who's easily swayed, then. Perhaps it's best to practice self-control and just stick your fascination with just fascination and not decide to try on these things that fast. Immediately jumping on the gun is really dangerous - it's the fastest way to lose money or other things aside from money. Never had that happen to me when it comes to gambling or any other hobbies/activities/experience.
1534  Economy / Gambling discussion / Re: Dreaming That I'm Playing In A Casino, Do You Have One, on: August 16, 2023, 11:48:19 PM
Haven't really had this dream, ever, but I agree that if you’re trying to break a habit that you’ve been doing for too long, you’ll really get this kind of relapses and sudden thoughts about that exact same habit. I guess you really need to take a step back or get a new habit that is less destructive - or as much as possible, non-destructive - for you to move forward and leave gambling for good. It's a really hard thing to do, but I guess it's doable with proper support and determination to get out of the cycle.
1535  Economy / Gambling discussion / Re: What resources do you have for members who may be dealing with addiction? on: August 16, 2023, 11:32:03 PM
The best that I can give to a person that is possibly addicted to gambling is a number from a psychologist, or a sugestion that they go ahead and schedule a psych visit to assess the severity of their addiction and give them an initial assessment to see whether they need to be prescribed with medicines or consultations are enough. Self-help might work but isn’t really that effective, especially if there are lots of cases of relapses from addicted gamblers everywhere. If self-help didn’t work, professional intervention hopefully does the trick.
1536  Economy / Gambling discussion / Re: Collective bets in local lotteries on: August 16, 2023, 11:12:03 PM
Even if people do not often think about this the lottery also has a house edge and it can be quite high compared to other games, for example if a lottery were to sell tickets for a value of one million dollars then it could giveaway prizes for 800k, meaning there is a 20% house edge, so while buying more tickets does increase your chances of winning at the end of the day you are still gambling, and given enough time you should lose money unless you get incredibly lucky and you happened to win one of the big prizes offered by the lottery.

As far as I know, the advantage of the organizer of the lottery is much more than 20%, rather closer to 50%. And if we calculate the taxes that the winner has to pay, the RTP will be something like 10%. The lottery is the worst of all gambling games, but it has the highest multiplier. It is unlikely that any casino will be able to pay you hundreds of millions of dollars, but in the lottery it is possible.

And the chances are infinitesimally small and a lot terrible, too. There are tons of other gambling games out there wherein the RTP is more generous and the chances of winning are more reasonable. Multipliers don’t really mean anything if you can’t hit it that much. They’re just numbers on the screen working to lure gamblers to bet more to make them believe that they’re increasing their winning chances.

I guess I’d stick to casino games more than the lottery with these facts in mind.
1537  Economy / Gambling discussion / Re: Playing Slot Games On Demo/Free mode Vs Live/Paid Mode on: August 16, 2023, 10:52:04 PM
Is it possible that playing slot game in demo mode has some kind of connection to playing it on live mode, like is your playing data on live mode transferred to demo mode and vice versa if at any point in time for some reason, you switch in-between those modes ?
For me, I will say that the "demo" account are programmed in such a way to allow gamblers win more than they lose, so as to such  attract them into wanting to play with physical cash, try and end up losing funds. As demo account are computer generated figures. Which for me, I will always advise people to use an amount of fund they can afford to lose. Because joke apart, if only you had continue playing the game, I'm 100% sure you never would have won up to that amount.

There are some 'small wins' in between that IMO, wouldn't be worth it at all since you would still be losing in the long run anyway. The best way to win against slots and the casino is when you hit it big, immediately quit and never look back. These games are designed for to put the players on the losing side as time goes by.

Well if you enjoy wasting money and putting all your luck on RNGesus, slots, dice, and other similar games might be for you. But if you're looking to keep your money intact, quit while you're ahead.
1538  Local / Pilipinas / Re: Gandang kaganapan ukol sa usaping crypto sa bansa natin on: August 16, 2023, 03:49:59 PM
Siguro yung kukuha ng kursong ganito na related sa blockchain technology ay yung mga tao na gusto o hilig talaga nilang pag aralan eto. Siguro mag iisip yung iba sa atin na pag naka graduate na saan tayo mag aaply na company dito sa Pilipinas malamang mahihirapan tayo nyan makahanap ng trabaho dahil wala pa naman masyadong ganyan na blockchain company dito sa ating bansa. Pero sa tingin ko guys kapag graduate ka ng ganito ay madali kang makakakuha ng trabaho online dahil ang blockchain technology naman ay buong mundo yan kaya mas malawak ang opurtunidad. Baka nga mas madali kang yayaman dyan kung ang pinagtrabahuhan mong blockchain company ay nag success dahil kung mababasa natin karamihan sa mga crypto project ay may allocation na token/coin sa team. Malamang madaming token/coin ka nyan na maebebenta pag nagkataon at di pa kasama dyan yung sahod mo. Pano nalang kung madaming crypto projects na kasali ka sa team diba tiba tiba ka.
Satingin ko yung market or target client nung course is hindi para sa mga naghahanap lang talaga ng trabaho. Pwede kasi itong additional course lang, kung baga a course na pwedeng pasukan ng mga nasa crypto industry na, yung mga naka invest na sa system at industry ng crypto. Most likely, ang mga magiging estudyante dito eh yung mga may trabaho na at nasa larangan ng crypto ngayon. Think of it as a specialization course kung saan hindi goal ng course na mabigyan ng trabaho ang mga graduate ng course.
1539  Bitcoin / Bitcoin Discussion / Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION on: August 16, 2023, 03:16:49 PM
I have discussed this before with a thread, and there's actually books that are written that specifically address how to pass bitcoin/cryptocurrency when you die.  The truth is most people aren't going to prepare themselves and will end of never passing their bitcoin to anyone, so don't be that person, and create a will with special instructions to your beneficiaries so that your hard earned bitcoin doesn't go to void.
I agree with you. The reality is that some of us will either not even bother doing the suggested steps to ensure that our heirs will have the bitcoin we worked hard for or will not have enough time to do so. Dead comes unexpectedly for most of us and therefore we cannot blame those who were not ready and do not have a will or a note that states who will have who. However, seeing as many have replied to this post, it shows that we are aware that such scenario will happen, and thus it should push us to prepare as early as now.
1540  Bitcoin / Bitcoin Discussion / Re: My easy way to teach your kids bitcoin. on: August 16, 2023, 02:57:05 PM
Well there are several other better ways to get to develop  the Interest of kids in bitcoin  without making it seems you're mandating them.
From what you've said, it seems you only have to buy your kids chocolate only after they watch the cartoon and on cases when they don't watch, you wouldn't buy and that's wrong, bitcoin  and cryptocurrency  at large is a very complicated subject  and a broad one too and getting a kids involved isn't a nice idea but if we must do, you should at least let them develop  Interest in it by having some  paintings and writings of bitcoin  over the places and also getting them some books about bitcoin  and just making the word Bitcoin  very rampart  in their dealing,  and by so doing,  they might want to know what the word is and what  it is all about without necessarily  making it seem they have to complete  a task 😀
An interesting approach to business. There are many options and the best of them are games. Games in which acquaintance with Bitcoin and other crypto projects will take place. You're right. In children, it is necessary to arouse independent interest and not impose this process in any way by force.

You can peep at those schools where there is already an introduction to blockchain technology and its derivatives in primary grades. Yet educators know how to approach this issue much better than others.
You both have good points here. There are games and other interesting ways to introduce Bitcoin to kids without giving them an idea that they should do it or this will or will not happen. It is not recommended at all, as a rewards system sometimes gives negative effects on kids as they will be too dependent on that system. They will always expect that they will get something good if they do something that was asked of them. It hinders them to see the reality that sometimes the world is cold and you don't always get to have good things just because you do good.
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