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1541  Economy / Gambling discussion / Re: Do you blame someone for your gambling losses? on: July 08, 2023, 08:00:33 AM
~snip~
Taking risks is part of gambling activities; we confront numerous problems in this space, but as we expand their experience, we become more accustomed to them as if they were nothing; these are genuine truths ruling the system. We must accept responsibility for our actions, not the other way around. Every time we blame someone else for our gambling losses, we're one step closer to incurring more losses. We notice the mistakes, but we don't want to be blamed, so we continue to do the same mistake, which inevitably results in our losses.

Yeah, that's fair enough.

You're right, whenever people blame others for their "bad luck", or whatever bad happened to them, there's really no way forward because they don't have anything to change. "It was someone else's fault", so they cannot change themselves to fix the situation.

It's a bad mindset to be honest, and it doesn't provide the people the ability to change and become better.
1542  Economy / Gambling discussion / Re: do you lose on slots? on: July 08, 2023, 07:57:37 AM
~snip~
yes
it's a good idea to watch out for total amount being used for gambling over time as well
sometimes people start slow and raise their gambling amount over time or in moments where they're not centered (under strong emotions)

And the thing that people often forget is the opportunity cost.

They simply say Oh, I lost $10,000, or whatever, but they forget that they could have invested that in another thing and get lots of returns, plus also the time they spent at the casino could have been used to do other things that are more beneficial to you.
1543  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: July 08, 2023, 07:55:38 AM
If this is for Sports betting , Yes I will trust AI as they can make a best result in assessing who will win and what would be the possible scores comparing to our estimation and prediction.
but if this is a regular casino that I need to evaluate my opponents facial reaction and body movements?
then that will be other answers if could and also AI is design to beat humanities but this will take long to be happening .

The thing is that an AI can at most give you a very accurate odd of something happening, but there is still the fact that casinos have advantage.

Say for example guessing a coin toss result. An AI tells you it's 50/50, the most accurate prediction, but say the casino pays 95c per dollar you bet. In the long run you will lose all your money because of that price advantage, independent of how amazing was the AI prediction.
1544  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: July 08, 2023, 07:53:04 AM
~snip~
As bitcoin becomes more popular and larger, price manipulation may become more difficult. Given what's going on, bitcoin is still a very small cap, so manipulating bitcoin price is hard for retail investors but for sharks, it's too easy for them. Sharks, market makers, cannot manipulate the bitcoin network, but price manipulation is what we see happening. If the price of bitcoin moved according to supply and demand, there would never have been such large fluctuations. All financial markets have manipulation, but with bitcoin, it happens more because it is still small, without any regulation.

Yeah, Bitcoin market cap is actually quite small when you compare it to other things in the economy. For example a single company in the US, Apple, has way more market cap than Bitcoin.

And the IMF printed out of thin air 650 billion US dollars in 2021, which is more than the Bitcoin market cap: https://www.imf.org/en/News/Articles/2021/07/30/pr21235-imf-governors-approve-a-historic-us-650-billion-sdr-allocation-of-special-drawing-rights
1545  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: July 06, 2023, 07:25:08 AM
~snip~
Well, I'm just saying this as a possible scenario of what can happen in the future, I think AI things are not developed yet, but in the future they will be, and if quantum computing isn't there, so when? comes out It won't be as advanced as many think, but in the not too distant future when Quantum Computing is a powerhouse along with AI, I think a Randomness-based algorithm like Provably Fair will be easy to read and predict its likely moves. with more ease, randomness is a pretty hard thing to predict, but for these advanced things in the future, it will be a piece of cake.

Well, I'm just saying that the sunsets will be like this and we can't Deny the future, how many thought that AI was just science fiction and that it wasn't going to come stomping like it is now, many believed that the future was not going to come close to something like that, but we already see that these things have come true, and what is missing is much more, it may be in a few years, but it will come, to be honest I thought that for this year things would be much more advanced, but so far they are using an AI that is in Beta mode , I am sure that in other Areas it is much more advanced , let's wait and see, we have to let ourselves be surprised.

Getting quantum random numbers is already old technology.

Back in 2020 Samsung release the Quantum A phone, with a quantum random number generation chipset inside.

“When a user of Galaxy A Quantum sets biometric authentication with ‘SKT 5GX Quantum’ in the SK Pay app, you can see the message ‘SK Pay is protected with SKT 5GX Quantum’ at the top of the smartphone screen when using the app,” the Korean carrier explains, adding that online payments backed by quantum security are coming soon.

In 2021 they released a new version:

Samsung and South Korean carrier SK Telecom have announced the Galaxy Quantum 2, Samsung’s second phone that features built-in quantum cryptography technology for increased security. It’s the follow-up to last year’s Galaxy A Quantum.

And in these 2 years more advances have been made. It's already years old tech.
1546  Economy / Gambling discussion / Re: Would you use a VPN on a casino, even if it is not allowed in their ToS? on: July 06, 2023, 07:19:52 AM
~snip~
The bettors who are playing in countries where casinos are not banned then they don't have good reason to use VPN because if you do, you are by implication hidding something from those in authority. I also won't suggest that bettors use VPN when they are in jurisdiction that have not banned cryptocurrency and stick to their rules in ToS because I believe if casino is not rejecting your registration, you don't need to use VPU .

I agree.

At the end of the day if you are lucky enough to win in those casinos, they will always have the option to not allow you to withdraw the money and make your play invalid because you violated their Terms of Service by using a VPN.

It's simply best to play with their rules if you want your money back.
1547  Economy / Gambling discussion / Re: The madness of gambling addicts. on: July 06, 2023, 07:18:08 AM
~snip~
Both consecutive wins and losses can lead to gambling addiction. When a gambler loses bets repeatedly, he needs to take a break from gambling, but the opposite reaction is seen among gamblers. They plan to gamble more to recover their lost money. As a result they become an addicted gambler within few days. Every gambler must conduct gambling within a limit. Gambling with the hope of large profit leads to the possibility of losing money in a short period of time as well as the possibility of becoming addicted to gambling.

Addiction is a complex issue, and it must be faced directly.

Some people are going to lose all their life savings in a few days. That's just not healthy, and people lose their minds first, money next, and sometimes even their life after that.

Gamble responsibly is more than just a warning, it's a life saving phrase in some cases.
1548  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: July 06, 2023, 07:16:25 AM
~snip~
being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.)

the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.

Those "stable" coins have been proven to be very unstable.

It's all fine until it isn't and they collapse.

All these alt coins really have no value in my mind, as it's mostly centralized "companies" that are not regulated running them. No thanks.
1549  Bitcoin / Bitcoin Discussion / Re: I sold the altcoins and invested in Bitcoin" on: July 06, 2023, 07:14:55 AM
~snip~
          You can’t be completely sure about Bitcoin either. Still, this is a fairly new technology and it is subject to radical changes. Yes, at the moment it will seem that they are indestructible and steadfast, but all this is so relative in the current world.
         Some serious event caused by weather conditions and a significant part of the mining centers will be out of the game. How do you like that? It will not be so easy to resume a large mining farm again.

Sure, no one can predict the future.

But at least there are some fundamental ideas of Bitcoin that are superior to other assets, and that won't change.
1550  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: July 06, 2023, 07:13:44 AM
So, that's why if we want a steady income, we have to work or do business, not gamble, because gambling only gives gamblers a 25% chance of winning.

In the gambling industry, the casino has always been the most superior, and if we win, maybe it's just because we are lucky, not because we are smart in having a method or strategy.
The 50/50 odds are good because it's like in the first sentence that the gambler only has a 25% chance of winning over the casino.

There's definitely way less than 25% chances of winning in a casino. Way lower than that, the thing is that it gets lower the longer you play.

So, for people that play frequently, that means their chances of winning are decreasingly smaller.

Best case scenario is to play once and win, and retire from gambling.

If you continue playing it's increasingly more difficult to get back at a positive amount of money.
1551  Economy / Gambling discussion / Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread on: July 06, 2023, 07:11:22 AM
~snip~
Not going to talk just about Maimi but most generally in the USA, there are many people from other countries who are losing their and investing in that country.
However, I guess since America got the experience of hosting the world cup in the past they know how to handle these things for the world cup.

I hope the world cup brings some kind of unity, hope, and happiness to the people of the US.

It's not a great life right now for many people there.
1552  Bitcoin / Bitcoin Discussion / Re: I sold the altcoins and invested in Bitcoin" on: July 05, 2023, 06:37:51 AM
The best way to store Bitcoin is in an offline wallet, with absolutely no access to the internet.

You can read more about this, and how to setup everything here:

https://armantheparman.com/zerotrust
1553  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: July 05, 2023, 06:33:49 AM
~snip~
What is clear is that if gamblers can actually do this, there will be many casinos that go bankrupt and close because they have to pay gamblers' winnings every day.
After all, if you can use a method that can consistently generate profits every day then there will be no gamblers who want to work or do business because they already have satisfying results from gambling.

Unfortunately all of that is just a joke and impossible to do repeatedly.
If it does work, maybe it's just because you're lucky and it's impossible to repeat it again.

Yeah, there simply isn't a way to consistently win against the casino. That's just standard math and probabilities.

You can for example toss a coin 10 times and it can land on face every single time, it is possible but increasingly improbable. And the next time you toss it it still has a 50-50 chance to land on tails.

Now, a casino has even worse odds for the gambler than 50-50, so it is even more improbable to win every time. It's just a rounding error out of being impossible.
1554  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: July 05, 2023, 06:30:16 AM
~snip~
The issue is that those attempts to try to limit AI are never going to work, as people will always find a way around them, so as long as someone can get an edge over everyone else then there will always be an incentive for those people to remove those limitations.

And without a doubt there will be people out there which will use AI to try to beat the casinos, unfortunately for them the casinos will do the same, and most likely they will be the ones to come up on top.

I kinda think in a similar way, but thinking about history, you could say the same about nuclear war.

But we have managed so far to not start a global nuclear war, so I guess the same can be said about AI.
1555  Bitcoin / Bitcoin Discussion / Re: People are giving too much importance to exchanges on: July 05, 2023, 06:29:00 AM
~snip~
Besides, their participation and existence make help gain more attention and traders. In fact, this is also the reason why cryptocurrency becomes known globally due to ads that flooded the internet. Yes, without them, I couldn't think it will survive and even if we think about P2P transactions, I know they are also reliant on exchanges. These exchanges play an important role in the crypto space whether it was DEX or CEX, they are really making the crypto space alive.

That is a good point, the companies that produce these exchanges have a lot of money, and they pour it to ads all around, making people more Bitcoin aware than ever.

It might be that the first encounter of people with Bitcoin is through buying some at an exchange. But it goes way deeper than that. At least it's a good start for them to not be a no-coiner anymore.
1556  Economy / Gambling discussion / Re: Betting strategy question on: July 05, 2023, 06:26:57 AM
~snip~
Yes, people who are looking for income from gambling always think mathematically and are always looking for any strategy to beat the bookie, no matter how many strategies and scenarios fail to be able to win against the bookie, thinking about whether it is possible for the bookie to let someone win big from their site and whether There has been a history that casinos went bankrupt because someone won big money there.

I think it's hard to find history about it, the fact is that the dealer will always win even though we are good at calculating mathematically and coming up with any strategy, the key is only in how we control ourselves and set our mindset in playing gambling no matter what strategy will be used or produced in trials .

I don't think they always think mathematically, because if you do it, then you'll realize gambling has a negative expected return.

Basically, you will lose all your betting money eventually if you continue playing because the casino has advantage in the odds.

The only way to continue playing has to be non-mathematical, like emotional for example.
1557  Economy / Gambling discussion / Re: do you lose on slots? on: July 05, 2023, 06:24:23 AM
~snip~
what are the odds of winning in slots? 0.5%? maybe less
probably really small, you'll have to roll lots of times or be really lucky to make bank playing it

have you ever won any slot game?

The expected return on any gambling game is negative.

This means that for every $1 spent, you will receive less than $1. In the long term you will have $0.

Slots are designed to give you the feeling like you have won big when in reality you just got say 50c out of a $1 purchase.
1558  Bitcoin / Bitcoin Discussion / Re: People are giving too much importance to exchanges on: July 04, 2023, 01:27:55 AM
~snip~
You don't need an exchange to buy Bitcoin. At least centralized ones like Binance. There are a lot of P2P exchanges.

You literally need an exchange to buy Bitcoin with another form of money. That's what an exchange is.

It can be centralized or decentralized, that doesn't matter. We will need exchanges in one way or another as long as most people get paid in fiat for their goods and services.
1559  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: July 03, 2023, 11:43:13 PM
~snip~
I wouldn't rely too much on AI predictions simply because if it were anywhere to churning out accurate predictions right now, then, we'd have had an influx of new millionaires / billionaires and most bookmarkers would simply go out of business. Maybe for skill-based games rather than sports betting considering the fact that getting recent data to train a model would not be an easy task.

I've always viewed it as a tool to stop some repetitive tasks and it can be best used right now as a tool rather than a standalone system.

Also the casinos probably are already using the latest advances in AI to predict their odds. And at the end of the day their odds always give them a nice advantage to the house, so it doesn't matter that you can predict correctly the odds, the house still has the advantage.

Example, a coin flip. Your AI predicts it has 50% chance of hitting tails. Casino pays odds of 40-60 for tails(slight advantage for casino). In the long term, casino will keep all your money because of that difference. See?, it doesn't matter if you have a perfect prediction of the odds.
1560  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: July 03, 2023, 11:39:48 PM
~snip~
Good point. It's not certain that you can win every day. If there's someone who can call as an experienced gambler, the chance
for them to lose is still possible, they can manage their bankroll the right way.

But they can't accurately predict that they will make money in every bet that they've placed. It's better to make yourself more into
entertainment it will allow you to enjoy.

But to try making money in the daily manner, you are risking your entire capital and the chance to lose everything is possible.

It's simply almost impossible to win against the casino.

And if someone thinks that you can do that, every single day, then they're just misinformed about how the casinos operate.

The odds are calculated so that the casino has advantage. So, in the long term the casino wins, therefore the gambler loses.
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