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1641  Economy / Gambling discussion / Re: BANKMAN-FRIED PANIC GAMBLES TO REPAY DEBT on: December 29, 2022, 03:45:14 PM
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Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.]Sam Bankman-Fried is alleged to have lost $100M of FTX’s money at online casinos. It is, however, not the first time Bankman-Fried has lost funds either. The collapse of Terra/Luna in May caused massive losses for Sam’s Alameda Research Fund. In hopes of winning back some of the losses, it appears that Sam hit the blackjack floor with FTX money. Unfortunately, he dug the hole deeper. According to Nansen Research, he lost  $100 million in Ethereum and USDT playing at crypto casinos like Stake, Bitcasino, and others. The dots begin to join and Binance’s unveiling of the misappropriation of customer funds now seems to make sense.

How in the world did SBF decide that gambling was the best course of action for recovering the funds? It seems to me that he has terrible friends around him.  Have you ever thought of gambling as way to recover your funds and pay your debts? Does this look like a case of compulsive gambling?

Source: https://www.pokcas.com/sam-bankman-fried-and-ftx-bankruptcy/

It's fascinating to see the destruction that these pop-up billionaires cause, their wealth exploded but they were actually really clueless when it came to finance and business. You could say this is ironic because the risky bets that led to the implosion of FTX were trading related which can be as risky as any casino, but I guess not when it's only other peoples money you're wasting. It'll be interesting if the auditors follow the money to these casinos and force them to pay it back, because you just know that they had flagged this user and should have been doing further checks when such large sums of money were being splurged out of nowhere. Yet another in a long line of terrible plays by this guy.
1642  Economy / Economics / Re: U.S. National Debt Ceiling on: December 28, 2022, 09:59:43 PM
I did not find any topic talking about this matter, and since it is a problem that will come to the fore during the next month, I decided to create this topic.

The federal debt limit of the United States was set more than a century ago, and some may believe that setting a debt ceiling means that obtaining debt will be more difficult, but the process aims to facilitate government access to debt, provided that it does not exceed a certain ceiling, and then there must be legislation that allows them to exceed that roof.

Disagreements over the debt ceiling caused two shutdowns of the federal government and a loss of trillions of dollars, which is likely to happen and could cause a bigger crisis, especially with winter and the bad economic situation that we all know.

The debt limit has been set at $31,381,462,788,891.71, or just under $31.4 trillion, and the government is close to reaching this limit even before expectations that it would happen during the year 2024, but we will reach that limit during the year 2023.

What do you think and the possible effects if the United States defaults on its debts or its credit rating is downgraded?

For more and sources https://www.washingtonpost.com/business/whats-the-debt-ceiling-and-will-the-us-raise-it-again/2022/12/02/f6bd2d76-7282-11ed-867c-8ec695e4afcd_story.html

It's a bit ridiculous that this comes up so often and effectively results in the threat of a shutdown of the US government each time, that's a pretty dysfunctional setup that can lead to economic disaster. Especially as we seem to see politicians getting more divided and bitter in recent years, when they should be about compromise and finding common ground to work together. At this point the huge number behind it is almost irrelevant, but I guess it does serve as a reminder occasionally that runaway debt is irresponsible and might sharpen the minds on places they can save money. Funnily enough America is in a rather unique position as the default reserve currency of the world so let's hope they don't throw it away by breaking that trust.
1643  Economy / Gambling discussion / Re: If your friend would tell you this... on: December 28, 2022, 09:46:30 PM
If your friend would tell you hey bud I have 10k in BTC lets try to make it 65k. You play on the casino for me.
How would you play? what would be your game pattren?

Id probably do 1 game of black (20k win) then one game of roullete with 10 numbers = $65k profit.

what would you do

My first thought would be - is this friend very rich and 10k means pocket change to them, they wouldn't care if they lost it or not. For other people 10k might be their life savings that they took 10 years to put together and it could ruin them if they lost it on a long shot gambling. If they were low on money then just tell them to go home as it'll be a waste. Otherwise I'd go for the poker tables where you have a chance of outwitting a fish, but hope that you figure out if you are the fish early on or at least play very tight because otherwise you'll lose all the money quick. No point playing games that have a clear house edge, you might as well flip a coin with a random stranger for double or nothing.
1644  Economy / Economics / Re: What was your lowest point financially? How did you go through it ? on: December 28, 2022, 02:20:35 PM

We all have ups and downs in life. If you are old enough, there must be some painful period that you thought you'd never get over but actually you did. What was your lowest point in life ? Especially when it comes to finanical difficulties ? How did you survive ?

My lowest point was back to study overseas in XXX country decades ago. At the time, my moeny was robbed and the school kicked me of dormitory due to the overdue fees. I was reluctant to ask money from my parents and I was collecting garbage food for nearly two months to survive. Luckily one of my friends at church helped me find a part-time job and I lived on that little money for a long time. That was really an aweful experience but I am glad I made it through. What is your story ?

Funnily enough it wasn't until I began making decent money that I could look back and actually realize how much of a struggle life was years ago. Spent many years bouncing around doing casual type work which brings a very low salary and instability, it gets you into a very short term mindset where you spend money now and worry about paying it back later. That is a tough place to be and can limit your options, when you have money it is a lot easier to make more money with it. Luckily managed to avoid going to wild during those low earning years which allows the higher earning years to be a bit more productive after a small loan was paid off in the first year of a decent salary.
1645  Economy / Gambling discussion / Re: OneShot Golf on gambling casinos? on: December 28, 2022, 11:20:40 AM
I keep seeing this game on TikTok(image below). has anyone tried the game? just to be clear, the app is not a gambling app but you need money in order to use their golf robot, they do have a free trial though. they have tournaments too where you can win prizes(not sure what the rewards are). I was planning on downloading it but it was unavailable in my country and from what I have read the game is only available in US and Canada.

anyway, the main reason I posted this here despite the app not being a gambling app is because the Idea of the game is good and I thought this could be a good game that can be included in gambling casinos one day.

Well.. you're linking to it rather unnecessarily so you are advertising it, whether that is your intention or not. It's certainly an interesting idea and it's been done elsewhere, basically bringing carnival type games on to a remote device. If there was a type of betting involved it would be interesting to see how the casinos would work out their advantages and how popular they would be with players. I don't think it's that interesting at all, but some people get drawn to virtual slot games and they might find it intriguing. As a one off thing to play, sure, and it could go in the suite of "live" games that many online gambling sites have to expand that section for minimal effort.
1646  Economy / Scam Accusations / Re: sportsbet.io confiscated my money $18919 on: December 27, 2022, 11:22:53 PM
How do you think I made a bet with boost in my previous accounts?  Neither Steve nor I said anything about it.  I have presented so much evidence and if you are an employee of sportsbet (as understood in your profile), I request you to clarify this situation by revealing my past bets of previous accounts.  As a sportsbet employee, it is unprofessional and unacceptable to say “no, you are not innocent”  by not provide any proof, and try to support your argument by just mentioning a user's message.  Your live support staff has made it clear (in the screenshots) that the boost is not a promotion or bonus, you can't just hide behind the odds boost being something in favor of the bettor. As a result, I did not abuse a promotion or bonus.  Moreover, boost is a feature that is used in 24 hours on every account.  I can't understand why Sportsbet excludes its own live support team from this issue, if you imply that what the live support team says is not reliable or if you find it unimportant why does this website have a live support team, is it a pawn used (in favor of the site) to deceive people at the end of the day?  (a pawn whose words you care about when it's in your favor, and you leave apart form the issue when it's against you).  Boost is a simple feature that comes to every account (as the live support team says), so I used this right when I opened an account.  Moreover, if I hadn't used odds increase in my bet, I would have been betting at odds of 9, which would have earned me $19683, there is no dramatic difference between this amount and the amount you have to pay me.

 All Steve told me was his disgusting accusations about me being a woman in the message you mentioned (I think you read it, but it doesn't seem like it) and a superficial accusation that I made multiple accounts because of the similarity of my emails.  In other words, I don't think that "he doesn't answer you because you use that bonus", "he doesn't answer because you use odds boost" as claimed by you or those who have spoken in this topic before.  In each of my proofs, this argument of yours evolves into something else strangely.  Steve needs to speak HIMSELF.  The prolongation of this issue is against sportsbet.io, and an authorized person (with their evidence, not with assumptions) should answer my evidences as soon as possible.

Repeating your same junk arguments again and again doesn't change anything. Move along to the next casino and try to multi account abuse them next. Why are you using the bet boost feature if it is not a bonus for you? Oh right, because from your own description it gives you favorable odds on a bet every 24 hours, I wonder why someone might like to have more than one account to take advantage of that? As the first person said, if you think you have a case - get a lawyer, but you don't so you won't.

By your own admission you have created accounts at Sportsbet previously, which voids every single other argument that you could possibly try to make. "if I hadn't used odds increase in my bet, I would have been betting at odds of 9" Yeah - and if you hadn't won you wouldn't be here arguing this bet either, so yet another irrelevant point. Live support doesn't know the terms inside and out, they are people just trying to help, but you are bound by those terms because that is the agreement you made, even if you didn't read them earlier. You are the one prolonging what is a closed matter, they've already answered the fairest way possible to you. I see you've deleted a post just now as well, trying to curate your story when holes are poked in it no doubt.
1647  Economy / Economics / Re: The fight over electric car batteries on: December 27, 2022, 10:39:42 PM
Since electric vehicles are the future, there's a lot of attention for their development, and a battery is currently the most important part of the vehicle, because we still have problems with storing large amounts of electrical energy.

The US is making a lot of moves for helping domestic manufacturers, which worries its allies

The big idea is that a U.S. consumer can claim back $7,500 of the value of an electric car from their tax bill. But to qualify for that credit, the car needs to be assembled in North America and contain a battery with a certain percentage of the metals mined or recycled in the U.S., Canada or Mexico. Those rules become more strict over time, giving American producers time to prepar

President Joe Biden announced $2.8 billion in grants for 20 companies to produce batteries for electric vehicles in the United States.

The grants are being allocated through the Department of Energy with funds from the Bipartisan Infrastructure Law to companies in 12 states. The funding will go toward the creation of battery-grade materials including lithium, graphite and nickel.

Zimbabwe also decided to take advantage and try to boost its economy with some protectionism

Zimbabwe earlier this week stopped the export of raw lithium from its mines and said that it wants cash in on the value addition and also stop losing billions to foreign companies via mineral proceeds, news agencies reported.

On December 20, Zimbabwe’s ministry of Mines and Mining Development in a directive published under the nation’s Base Minerals Export Control Act said that the move was made to “ensure that the vision of the president to see the country becoming an upper-middle income economy has been realized.”

It's interesting to see how they have structured the subsidy and from the sounds of it few current car manufacturers would meet the requirements for the cashback. You can see that the US government have gotten tired of all the outsourcing and do not want to let other countries get a lead in this area any more, we can see China which used to be a relatively low level producer of goods has jumped into fairly high level manufacturing now. It makes sense that America would try to protect or even encourage certain industries because China is also getting an advantage from suppressing it's currency and using it's huge workforce to get cheaper production costs - if they weren't a communist country it would be less of a problem.
1648  Economy / Gambling discussion / Re: How to win gambling? on: December 27, 2022, 10:14:09 PM
It is important to understand that gambling is a form of entertainment and not a way to make money. The outcome of any gambling activity is determined by chance, and it is not possible to predict with certainty what will happen in any given situation. There is no sure-fire way to win at gambling, and it is not advisable to try to do so.

However, there are a few things you can do to increase your chances of having a good time while gambling:

Set a budget: It is important to decide how much money you are willing to spend on gambling in advance and stick to that budget. This can help you avoid overspending or getting carried away.

Choose your games wisely: Some games have a higher house edge than others, which means that the casino or other gambling establishment has a greater advantage. Choose games that have a lower house edge, such as blackjack or craps, if you want to increase your chances of winning.

Practice good money management: It is important to manage your money well when gambling, which means not betting more than you can afford to lose and being careful not to chase your losses.

Stay sober: Alcohol can impair your judgment and make it more likely that you will make poor decisions while gambling. It is important to stay sober while gambling to help ensure that you are making decisions based on clear thinking.

Remember, gambling should always be viewed as a form of entertainment and not a way to make money. It is important to gamble responsibly and within your means.

To me, it seems very low effort when you're just going to a chat ai bot to come up with some information. That being said, it has produced some good output and staying sober is a good one - extending that line of thinking would be staying alert and awake, as your play will get substantially worse once you become very tired, studies have even shown that tiredness can have similar cognitive impairment effects to alcohol consumption in some ways. The primary one though is, you need to have an edge over the casino and you'll never win in the long run playing games that the casino made themselves, you're best off learning something like poker if you think you've got the intelligence, skill and commitment to a game.
1649  Economy / Economics / Re: The poor people with their reasoning on: December 27, 2022, 08:28:28 PM
No matter how hard you try, poor people can be difficult to persuade to accept and invest in bitcoin, according to my crypto knowledge and people's enlightenment. They vehemently criticize whatever you show them or introduce them to. They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.

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The worst people to serve are the Poor people. Give them free, they think it's a trap. Tell them it's a small investment, they'll say can't earn much. Tell them to come in big, they'll say no money. Tell them try new things, they'll say no experience. Tell them it's traditional business, they'll say hard to do. Tell them it's a new business model, they'll say it's MLM. Tell them to run a shop, they'll say no freedom. Tell them run new business, they'll say no expertise.

They do have some things in common:

listen to friends who are as hopeless as them, they think more than a university professor and do less than a blind man.
How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

You might find it easy to ridicule the poor, but it's often not easy to break free from this situation. First off it can require education which takes time and often money to acquire, although the internet does offer a wealth of information for free if you know where to look. In reality a lot more financial education could be taught in school about managing money and the perils of using things like credit cards improperly, the fact that mortgages are generally the only good type of debt worth having and all sorts of things. When you're low on money, you can also have a very short term outlook on life where it's hard to think about returns in a year from small amounts you might be able to accrue over time.
1650  Economy / Gambling discussion / Re: Licenses and Casino reputation on: December 27, 2022, 08:23:23 PM
There are a lot of casino licenses we can see though personally I don't have a lot of ideas about which one is for what purpose and how they help the gamblers in reality. Nevertheless, I guess, in most of the crypto casinos, curacao is a common license we can see though I barely have ever checked out whether they are licensed or not LOL. What does a curacao license do in reality & how it can benefit us as a gambler?
What are the other common licenses & how they can help the gambler when a gambler faces issues with the casino; especially when the gambler gets robbed/scammed by the casino? It's something I guess we all should be aware of; I believe most of us don't know at all.

In reality pretty much all the licenses that are for sale are to give the appearance of a legitimate casino only. It can very from a simple rubber stamp, where a new operator hands over a certain amount of money and they are instantly given a "seal" they can promote as a "legit" organization. There are a few better countries which still require a large upfront sum, along with a reoccurring payment, who might investigate a bit more about the intended recipient but they are unlikely to help any customers. Unless it becomes apparently that the operation is a complete scam, which is a very high bar to set for these regulators, then they will continue to give that badge of approval while the payments come in - so the only meaning they can give is the owner at least put a little bit of effort in the getting established but if they want to run away with a lot of customer funds they could still do so.
1651  Economy / Gambling discussion / Re: Who is to blame on: December 25, 2022, 10:12:54 AM
Is the requirement of KYC from online casino the reason that gives birth to online casino getting regulated? I mean in the past there is no regulation thing pointed to online casino but now all eye are on them for a must regulation if they want to keep their platform alive and functioning.

You have a very confused first sentence and question. You are wrong about no regulation in the past, in most "developed" countries around the world you are required to hand over identification documents before you step foot on the gambling floor because they are so easy to use for money laundering purposes. Someone brings in a big briefcase of cash, loses it all and it gets legitimized out to the sketchy owners who allow it - that's how it used to work. Now in some countries you even need to give over the name of your company, so they can figure out things like what sort of salary you are meant to be on. This has all just carried over to the online world for companies in places like the EU, America and Asia.
1652  Economy / Economics / Re: Car repossessions are on the rise in warning sign for the economy on: December 25, 2022, 09:50:12 AM

The same negative trend also applies to housing loan markets.

While many contractual loans are failing at historically high rates. Could there be an eventual upside in terms of car and real estate assets becoming more affordable within the foreseeable future?

It has recently been acknowledged that used car prices are downtrending sharply at a record rate, (I think) in correlation with the elevated rate of failing car loans.

Cox Automotive said Wednesday that its Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, has declined 15.6% from record levels in January through November. The index dropped to 199.4 last month, below 200 for the first time since August 2021, and is down 14.2% from the same month a year ago. It marks the sixth-consecutive month of declines.

Perhaps we will likewise see real estate market values fall within a similar trend, which would make living space more affordable for many current full time employees who cannot afford it.

Unfortunately, there could be another trend in play here. Cars and living space might increasingly become deflationary in supply. It has been reported that US automakers are inching nearer to bankruptcy. Which could result in overall scarcity of car supply, if production and competition decline.

Similar trends could also apply to US real estate markets. Where influxes of immigration could contribute towards real estate and living space becoming increasingly scarce and limited in supply.

But in the short term, from the chart above we can see that used car prices are declining and perhaps that will correlate with long term market trends to make transportation and living space more affordable.

It happens in the downwards move of every economic cycle. What I find curious is that yes, there has been a decline in second hand car sales this year, but judging by the graph they are still massively above what they were in 2019 before the Covid pandemic. This points to supply chain issues as well, where it is simply harder to source newer cars so many people are returning to the second hand car market which pushed prices up in that sector. Things are starting to normalize for now but China is currently in the midst of a massive spike in Covid cases after loosening the rules, so we may find that supply chains again get crippled with potentially hundreds of millions of works in the "factory of the world" being ill.
1653  Economy / Gambling discussion / Re: Why Must it be the last game? on: December 25, 2022, 08:47:35 AM
Hello fams

just as the title says why must it be the last game to always cut off the winning?
Have been playing sport bet and especially pools, whenever i predicts some matches upto 5, 8, 10 and maximum is 15, while pools is focused on draws maybe i might just select 3 draws or 6 draws it will always happened the last 1 or 2 games to cut off the match, while a maximum of 15 matches the last number 15 is always terminating all my entries.
Is there any way to do away with the last match that always cut the prediction and some you would be given a chances of cashing out but the last always ends the game not to be able to cashout.

Could you explain this please if there's any way we can do away with it lets begin the adjustments.

It is usually "the last game" for gamblers because they never know when to quit, cut their losses or overstretch themselves. In this scenario instead of going for 5 matches, which is already high odds against winning, people choose 15 which leaves you more likely to win the lottery than win this parlay. There are some places, not in pools, that will give you insurance for one loss if you have over 4 legs on your bet - maybe you should switch to them if you are consistently losing 1 bet out of many. It's all calculated and the sportbooks make the most profit from these sort of bets, so it is not really in their interests to allow you to cash them out, it all comes back to probability.
1654  Economy / Economics / Re: Avoid running into financial ruin this Christmas! on: December 25, 2022, 08:28:20 AM
I’m using this medium and the opportunity to wish everyone out there on the forum a jolly and a merry Christmas.  I hope we all get to see and spend some time with loved ones, family and friends while spreading love, joy and cheer.

I also wish to remind everyone that we should spend money wisely and be very prudent. We should remember that by January of the next year, there would be a lot of bills that would need to be paid. So remember that while shopping for those items that may seem to be relevant and cool to get now but would be definitely irrelevant later on.
By January, a lot of people would probably be heading to the bank after going all out with their funds during Christmas to take loans to settle whatever bills would arise and there would be a lot that would arise!
I think money is always tight for most people in January cause they spent a whole lot of money during the Christmas period.

So while having a good time with friends, family and loved ones during this festive season, please remember that January, with all its bills is around the corner.

A very merry Christmas everyone!!!

As others have said, it's a warning that came too late when you post it on Christmas eve. If bills are due and the money has already been spent then what good is it? It would probably make more sense to tell people to consider what they are doing ready for next Christmas. If you budget throughout the year, put aside a little each month then you can prevent being without. Better yet, try to improve your situation in the next year, look for new jobs or ways to boost your income, maybe sell some unnecessary junk if it has accrued in your home over time, put spare cash into a bank account that pays the highest interest and set up a proper budget to see where you can cut costs.
1655  Economy / Economics / Re: Nigeria Naira notes and its security features-- CBN on: December 24, 2022, 05:16:54 PM
After the Central Bank of Nigeria (CBN) introduced the country's newly redesigned currency, counterfeit notes also started to circulate.

It's crucial to arm oneself with the knowledge necessary to tell a fake naira note from a legitimate one.

There are variations to watch out for in order to distinguish authentic Naira notes from counterfeit ones; this does not require academic knowledge.

You can tell real Naira notes from fake Naira notes by following these five easy guidelines.

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1. Check the texture: If the texture of the Naira note is soft and the image in it appears dull, you have the right to be concerned, reject it and demand another one.
This means that you should be sensitive to the touch of the money you are given when involved in any transaction.

2. Observe the gold foil: The N1000 note has a gold foil on the right side, just near the CBN governor’s signature. If you scratch the gold foil of a fake note it will peel off instantly but the gold foil on the original note does not peel.

3. Use water or other liquid: You can differentiate fake currency from the original by using water or other liquid. Scammers release fake money and the colours they use in printing counterfeits are soluble in water and some other liquids.

If you are not certain about the originality of a Naira note, dip it in water or petrol and scrub it gently. The colours will change immediately if it is fake money. The colours of counterfeit money will wash off like an artwork painted with watercolour.

Again, the moment you immerse it in water, the paper becomes messed up. It will get rough and look more like a paper mache. However, the real note will not look like this when immersed in water or any liquid.

4. Examine the ribbon/thread: There is a thread which appears like a ribbon on all Naira notes, running from the top to the bottom.

In real notes, this thread can be felt with a touch. It is more noticeable on old Naira notes. However, in fake notes, there is something that looks like the thread but it is not.

In the counterfeit notes, what is there is just a straight-line painting that looks like the thread in the original notes. If you scratch the painting, it will peel off like the solver panel on recharge cards.

5. Use mercury bulbs: Some qualities of the paper Naira notes cannot be seen with the naked eye. These features are only in original Naira notes, and one cannot see them except with the help of mercury bulbs.


It's good to see that Nigeria is taking steps to counteract money laundering, as it is the very foundation of security for a nation to know that their money supply is correct and controlled. I guess the government has determined that the older notes were increasingly vulnerable to copying and they needed to step it up a gear, hopefully the new notes are cheap enough to produce that the benefits don't outweigh the cost. It's even more important in countries that are heavily reliant on using paper money, which some sectors of the Nigerian economy can be, but even at the street level it is a surprisingly digital economy especially for the youngest generations.
1656  Economy / Economics / Re: Fiat currency (centralized system) on: December 23, 2022, 08:43:23 PM
Although am a newbie in the forum but i having a lot since i got here and i think cryptocurrency needs to be adopted by many of the so called government and their egos of controlling citizens funds through fiat system.

Few weeks back my country government decided to pass a bill that set everyone withdrawals limit to 20 thousand naira daily and weekly withdrawal at 100k. This news caused serious agitation through out the country as the limit set for the withdrawal is really inconvenient with citizens. This made think,  all this and more maybe was the reason why bitcoin was created to liberate we all from such Fiat control financial system.

It sounds like the government of your country is particularly incompetent if they have gotten to the point of imposing capital controls on currency and it's easy to see why a lot of trust can be lost. However the reality of the situation is that cryptocurrency in it's present form is incapable of performing all the transactions that happen in the world in a timely manner, especially in comparison to existing payment networks like Paypal or credit / debit cards. I hope in future the transparency of cryptocurrency and the decentralization it is based on is capable of meeting that demand - while being impervious to things like the 51% attack, but we're still at step one of that process until people figure it out.
1657  Economy / Economics / Re: UK Norway finland and sweden economy in BIG debt on: December 23, 2022, 07:28:11 PM
UK Norway finland sweden in biggest debt.
Finland been famous of taking all the exsessive money.
Each country have their own purpose in this global scheme.
It's clear that UK been used as all the Western countries inflation parking Spot.
What Will you do the countries wich Has the biggest debts and bad equity and bad bonds ?
You want to make sure they cant connect with other country markets so keep the financial dirt in there and dont Let it out.

How you do keep financial dirt in there?
War Crisis power outages and all the other possible ways you can think about it.

But to clear out all the debt war can Do that easy.
Likely only solution is war russia vs UK finland Norway sweden If war can devastete those countries a lot bad debt Will cleared and our financial system a lot more clean.

Let's see what the wall Street Will decide to do until now it's safe to keep away from those countries.

You have a habit of speaking out of your ass and not actually providing any evidence to back up your claims. If you are going to make such bold claims and accusations then why not actually link to a source that people can trust, because it certainly isn't you. Norway is actually exceptionally rich because they have made a lot of money from oil which goes into a sovereign wealth fund that in turn owns large shares of many companies around the world. Besides that, being in debt itself is not a problem - in fact being able to borrow in your own currency because you are so trusted in repaying your debts is a position that most countries aspire to get in. You are really clueless and delusional when it comes to your ideas on world economics.
1658  Other / Off-topic / Re: Has your budget for gambling been affected by the festive season? on: December 23, 2022, 07:20:15 PM
It is the festive season, and it comes with a lot of expenses, both planned and unplanned. The planned expenses are usually higher than normal because marketers take advantage of the season and increase the prices of their commodities and you spend more that usually budget. The unplanned in this season is that you may have some visitors either family or friends and will have to spend some more money entertaining them. For people who have a strict budget for gambling, I would like to know if your budget for gambling has reduced, or if it remains the same?

If your budget gets affected by the season then you may need to improve your forward planning or even give up gambling altogether, or at the very least drop it down to a negligible amount instead. That being said, some people have to cope on fairly restricted budgets and I guess they might find entertainment or a release in gambling so it's a valid question. Personally I only place small bets down and have enough spare capacity on my income that it barely gets any thought at all. If you have a low income there is definitely better ways you could be spending your money, especially during the festive period and you might spread a lot more joy by spending it on friends and family instead.
1659  Economy / Economics / Re: Employers are Deflating Salaries in Job Ads to keep Pay Down on: December 21, 2022, 10:23:51 PM
Read a snippet of the article here
Quote
Job seekers are learning that there’s the top end of the pay scale, and then there’s the real top end.

As more companies disclose pay ranges in job listings, especially in places like New York City and Colorado where it’s now required by law, what’s listed as the maximum salary may be closer to the middle, according to multiple human resources executives and pay experts. Some employers are trying to limit the demands of potential hires seeking top dollar, while preventing existing workers from finding out they are underpaid. Range deflation comes up often on industry webinars, but compensation specialists and some human resources chiefs worry it could backfire.

Really crazy things are happening out there. Now to you the reader, supposing you have worked for the past 5 years your current organization and you find out accidentally from the HR in your organization that what you are being paid isn't the highest amount for your position. That is, you are being underpaid, would you ask for a raise or look for another job knowing that with your experience level you'd get a higher pay in another organization?

Parts of this don't make sense, anyone can find out what their skillset is worth on average by looking at the multitude of different job sites out there. It seems like a strange law for those regions to have but in reality that is probably what companies were paying the average person recruited with exceptional cases hitting the highest in the range. Frankly if a job is advertised for $50k salary, then you would expect that to be what you'll be getting and I'd personally be avoiding companies that have wide ranges. It is a bit disappointing that you often have to move companies to get your true worth in certain professions because companies are by design going to pay you the least amount they can retain you for.
1660  Economy / Gambling discussion / Re: Are we ever going to see this on gambling platforms some day. on: December 21, 2022, 09:25:20 PM
Is there any fighting game like Mortal Kombat where you challenge gamers around the world taking a bet? I don't want to take bet on Mike Tyson or Joshua I want gaming by one self, I believe this is less dependant on Luck, this requires more skill than mere luck.

I think the key words that you used in there are skill and luck. There are a whole bunch of different gambling laws and jurisdictions around the world, of the ones who allow it there are certain criteria that must be met for it to be considered gambling. Otherwise you might argue that you are competing in some kind of sport, which might entail the fact that you are employed if your skill is an overriding factor in you winning the game. Of course there could be exceptions like Poker where skill can sit secondary to the largely random nature of the game itself. However most governments who have constructed these laws will tax you more punitively when it's not gambling.
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