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1701  Economy / Gambling discussion / Re: Dangerous chasing losses on: October 26, 2023, 10:41:50 PM
Even though this situation made you feel bad psychologically, it was a very nice experience for you and it caused you to have an experience that didn't hurt you too much at the end of the whole process.

If he lost it all, it would be more difficult for him to make it out of this thought. Looking at his reactions despite earning profits, you'd understand how bad it affected him psychologically. He was amazed to find himself wearing such a behavior. It has never been this way, in his memory. It'll help him not to behave that way anymore, in future. It'll be hard to tell how it happened to him, but if the experience took away few of his normal behavior. The therapy would be, giving such thought a break. As thinking so much about a vague past experience can help cause more mistakes. In the person's gambling activity. He'll may be too conscious of not repeating what happened, when he had enough time and funds. Thereby, reducing the comfortability they get through gambling. So if the behavior negatively affects his winning, it could be that the player is not staking with a clear mind. Also affecting their personal relationship to people. Hence, it's important for gamblers to always stay cheek by jowls with non gamblers. So that they'll be able to reach a wider audience. That they teach about the effects of gambling; good and bad. Guide on their journey to bitcoin. And most importantly garner profits through them. In return non gamblers can be the primary detector of an uncertain behavior in the gambler's life. It's crucial to know how people have felt about the changes in us, which we are not aware. Nobody is an exception in such an occurrence. We must follow our minds and things we've thought as possible or works. To know the new behaviors in us, and be able to link it to its cause, can be a good definition of a gambler.
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1702  Economy / Gambling discussion / Re: "Mattress Mack" loses nearly 10 million dollars on Astros Loss on: October 26, 2023, 09:23:55 PM
McIngvale won a record $75 million when the Astros won the World Series in 2022. If the Astros would've repeated as World Series champions, he would've won an estimated $118 million over the last two years.

It's not like he's going to suffer from a 10 million loss... only that it wasn't 10 million, like you're saying but 7.9 according to the article. 8 million and 10 million is already a big difference, but forgetting to mention that he bet only close to 10% of his wins from last year is a crime.

The guy is clearly a winner that doesn't want to stop as long as he's ahead. Would you stop betting if you had 75 million in the bank? I'd probably keep going up until the last 5 because 5 would be enough for me to never be poor again and the rest is just fun - easy come easy go.



I've never heard of him, but he's indeed deep into gambling. And coming from a big industry, furniture. He won't suffer for losing at all. Because he'll keep generating enough money to cover for his loss.  Look the huge amounts he stake on a team, that can boost the validity of the team. He's a very rich gambler. His winnings are too enormous for most people, but can be a pea nut to him. A gambler with such an amount may not be able to stake smaller amounts like 2k dollars. They'll be targeting 1m dollars. To generate higher amounts and profits. That'll be able to interest them. A millionaire winning few thousands in gambling won't have a complete happiness, compared to when they win tens of million, from staking huge amounts. With such amount the risk increases. And may be on a brink. Win or lose. At that stage of life, 5m may not be enough to retire you. Because you've been gambling with over 70 million. lol. Would anything lesser change your gambling habit, like stake 10$ or quitting gambling after losing such a huge amount. You'll see that gamblers must have a strong bounce back from a different source to keep rolling higher. A person can't get 75 million without have a sustainable business, that'll still fetch them more funds. What we'll say to do with such an amount will be very different from what we'll actually do with the money. It's like a gamble I can't predict. It's possible I'll play responsibly with the millions or wager it like a millionaire.
1703  Bitcoin / Bitcoin Discussion / Re: Bitcoin Surpasses Tesla, Ranks 11th Globally on: October 26, 2023, 08:29:36 PM
The majority of the assets in the rank site are red but not BTC same with gold, silver, and oil.
Bitcoin is always been compared to some other assets but not to Tesla. Usually with Gold. I would however happy to see BTC outrank those big companies. BTC reaching more than $3T in this bull market will really put BTC in the top 2.  

But why should we look at the rank on that site when we should be looking at it on coingecko or CMC.

Can't tell exactly how I understood your last line. But, I'd say that bitcoin is top one in its category. And also performs well on inter categories of companies or establishments. Bitcoin and Tesla correlation depends on diversity. Tesla is quite not comparable to bitcoin in terms of profits and rewards. But at a risk rate Tesla is a better choice than bitcoin. Hence, a specific set of investors would choose to drop money into tesla than bitcoin. Or vice versa, depending on the fast returns in bitcoin. Tesla could be trading bitcoin and earn profits too. Bitcoin is a fast growing technology, with different potentials. At a 3T market cap, it'll be sharing lots of benefits to investors. Thereby involuntarily boosting the talk on bitcoin in the world. Which relentless publicity, can throw it above other top companies. Though not competitors. And I don't think we should be concerned about those other companies. They're already concerned about bitcoin movement. A lot of work is happening in bitcoin and it's growing real quick. Surpassing already existing companies

This shows how small bitcoin still is.

How can a global decentralized money and a store of value compared to digital gold be as small as an electric car company and get an edge over it only because of the recent pump?
I'm sure we are very early here.
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It's good we are early, but Tesla may have not reached the height bitcoin has attained in market capacity. It all happened due to market violatility. Imagine bitcoin surpass Tesla a world recognized electric car at 34k. If I'm right. You'll see how little Tesla is, not bitcoin. The growth of the technology is enormous, just that people are afraid of volatility. But, it's quite a great investment. And more people are begining to think good of the violatile nature of bitcoin. They're adapting to it. Knowing that it'll definitely pump some day. Provided that people still trades bitcoin. So, the growth of bitcoin will move faster than Tesla. It's just an innovation with very less publicity, acceptance, rejections compared to bitcoin. Tesla, yes, looks like an innovation that can go extinct. Because of the price, difficulty in adapting with charging a car, trusts etc.
1704  Economy / Gambling discussion / Re: Live Sports Betting vs virtual Games Betting on: October 26, 2023, 07:55:16 PM
In my case, I only place bets on games in which I can obtain information about the team, whether there are injured players in the team and who they are, whether the team coach is in good health or not, whether he will be present on the day of the game or not. . what were the results of the last 5 games of the two teams. how was the H2H between these two teams. When you have all this data and on the day of the game we see the squad that will play, then it becomes easier to decide who we will bet on. Now betting on games where you can't have all this data, I honestly don't see this as a good thing, on the contrary I see it as a clear way for people to lose money

It's important to analyze games and feel better about a team before staking money. But, deep down our mind, we are aware that our analysis ain't certain. Those criterion may not change the outcome of a match. Playing the best players or teams in the world, to win, doesn't define football gambling. In sports gambling we tend to win big. That's why people play games with good odd. If the lower team, as they may be called, eventually wins. People who gambled them to win would get much profits. Compared to the bettors of the high advantage team. Regarding virtual games, it's also common to lose games, like it's with real football. The difference is the time intervals. The real soccer games provides weekly interval, while the virtual game can consume a player's money everyday. Although, it's certain that a certain team would win a match, but things can change. That's why people still lose in the real event. Because it can't be predicted. The methods of predicting it is just based on probabilities. Betting companies make huge profits off these mistakes of football gamblers of going with the best analyzed team. Some weekends can be for the small teams to win. Imagine how profitable the week would be for betting companies. A lot of people would lose their money. Meaning that the betting companies are also aware of gamblers that follow analysis. They may also get prepared for such players in unique ways. Just to maximize profits. Appologies for your first surprise in e-sports, that would have felt like a warm hug that can't be forgotten. If they control the virtual game from their back end. What rumor says about betting companies controlling football teams, could be true.
1705  Economy / Economics / Re: World Debt Clock by nations. on: October 26, 2023, 06:51:46 PM
The U.S. is still the world's leading debtor; should the US be happy that they are the world's most indebted country? The question is, can the US pay off such a huge debt of 33 trillion dollars?

Who are the developed countries? They are the ones with big debts to the central banks. And they are given loans because of the good economic performance of their countries and the high interest that they also give to those who will lend them money.

You can't run a country debt free. They are different kinds of debts like domestic debts, where countries borrow from private individuals. These loans can't be paid. It's what keeps the country going. It's not that simple to run a nation. The money required is enormous. Especially for a US government. The only beneficiary is the business or resources the lender would enjoy in the country. Looking at it, the possibility relies on the amount of money the country generates with the borrowed funds. US is a country that can easily clear off those debts if it was mandatory. Or would affect the growth of the nation. I don't think those loans are being paid with fiats like we think. Most times natural resources or products are issued to the nation in return. It's not a thing of shame. Even top rich men borrow money to sustain their businesses. Despite having lots of money. You'd see that those loans add momentum to the already existing funds. Imagine the number of allies attached to US government. Such an amount won't be a problem. It's better to borrow when you have money, than when you don't. Borrowing doesn't signify that the receiver is broke or poor. Like the perspective I've seen on some responses. As a government, they need to think 20times ahead of the citizens. To be able to efficiently protect and run the country. Remember they control the money. Pay thousands or millions of citizens; salaries. Maintain facilities that entice people; electricity, water etc. You'd see that, with the few minor things needed to operate a society, it' never, no matter what we think, easy to run a country.
1706  Economy / Gambling discussion / Re: Dangerous chasing losses on: October 25, 2023, 09:57:07 PM
I could remember the casino I started using not quite long that almost made me to chase my loses although I could see that it does not worth. I had no option than to leave the casino and not bet there for about few days before I decided to back and start gambling on the casino. The kind of winnings I had was very surprising to me because I never thought I could make such consistent winnings.

I think if everyone take this kind of decisions when they noticed that they are becoming addicted or having too much loses, it is good for us to leave gambling for a while that the loses will not affect our emotions if we continue to bet with any plans or taking a leave or rest for a while.
Yeah, that is the best thing to do,  whenever you feel that you are going too much in a particular direction, then you need to take a break in between because your continued it may have lead you to more losses,  this is not peculiar to only you,  but so many of us here and that is why you need a lot of discipline to be able to stay at a safer place while gambling.

Having a limit in gambling is like setting a stop-loss timer on your trading feature this will help you to stay above the tendency of going over the board looking for what you may not be able to cash up with at some point,  so giving the break becomes the best way to stay at safer zone.

Things like this, most times, are beyond our personal control. Gravity can be used to classify such behavior. When gambling makes us happy we'll gamble until it starts getting us sad and terrified. Then we begin to chase losses like OP. Assuming he didn't follow up his loses, though risky, he may not have earned profits. This made me think of how uncertain gambling can be. It works differently for everyone. Gambling is risk. Most people may have lost a lot in gambling, due to second thought, they stopped gambling then tried again to be welcomed by big wins. It may no work similarly for others. That's why no specific method can be used to win continuously in gambling. OP is an example of a player with a weird gambling experience. They're times we gambling so much, and begin to wonder, what we've done to our self. And boom, a win that shuts us up, maintains the news, and makes us not to feel like to gamble again. It could be as a result of what a person wants to gain. Or feel about gambling. If they don't stand strong against peer pressure, they'll definitely go back to gambling.  While I support giving gambling a sustainable time for rest, I  don't agree with the win and run technique. As it could be stopping the player from winning on the next game.

1707  Other / Politics & Society / Re: The world economy and global systemic terrorism. on: October 25, 2023, 08:16:46 PM
Probably many people have noticed that recently, to manipulate markets, they have started to actively use not economic levers of influence, but... terrorism. terrorism. And not only economic, but also classical.
If we evaluate the situation on economic confrontation (restrictions, quotas, sanctions, ...) - we can assume the possible development of events, because this process is quite public, the reasons and goals are voiced.
In the case of terrorism - we do not know where, we do not know how, and we see a real destructive action, and not only of economic nature.
Terrorism becomes a tool for achieving goals, by loser/rogue countries.
And now we see consolidation of terrorists of all levels in the ECONOMIC destabilization all over the world, and maybe even see how the general picture begins to appear, where it is probably not scattered groups, but perhaps a real international structure, with a control center, centers of financing and supply.

The real question is: how much of an impact does terrorism in the modern world have on the economy?  The economy of countries and regions, as well as the global world economy?  And what are the ways of solving and preempting such methods of "economic struggle"?
You have started a great topic, in my opinion, Terrorism has great impacts on the world or country-level economic confrontation. For example, we Pakistanis are not welcomed in India, even our cricket team hated to go there (not by us but by Indians, and not every Indian hated it, but most did). It does not mean that we are terrorists and did great harm to India, its because of some central authority, we call them (saviors of democracy  Wink ) they managed to get some thugs (paid one) to change the environment of the country and change the emotions of one country's citizens against other.

Many wars, caused one to call other terrorists, like the Russian and Ukraine war, and the current Hamas and Israel war. They are calling each other the terrorists. Of course, those who support Hamas will call Israel terrorists and vice versa. Overall, I don't want to share my opinions here.

I will say to avoid terrorism at the country or global level, they should increase their intelligence level, and work on their agencies, and cooperation must be kept low because more cooperation from one agency can cause them more trouble from some bad actor working in some other agency of other country.

It's quite disheartening that such things happen. Humanity has been zeroed to nothing because of the need for power. It has been like this in the beginning. Which shows that civilization; Western or Eastern can't stop war. Instead it serves as the Nitro to it. Because, war and violence is a natural human behavior. Caused by needs and wants. These terrorist groups have deals with the government. Whenever the government oppose the deal, they begin to attack citizens. While the country is in chaos they seize the opportunity to destabilize her economy, by looting expensive treasures. So, if the country discover where their terrorist emerges from, they'll definitely hate on the society or country. They is no way everyone in Pakistan would be a terrorist. But, when the name is mention, in India, first thing that'll come in mind is terrorism. Thereby suffering the Pakistan government, not to gain any alignment from India. Like the numerous disadvantages you just mentioned. Just like few above comment said; that the groups are more enhanced financially, technologically, and intellectually than the government. It'll be difficult for the government to stop terrorism. Because investors of war, make lots of profits. Hence the industry keeps multiplying in wealth. Some terrorist groups has been around for centuries and have placed lots of congress men and top politicians to work on their behalf in every country. They have lots of connection in the military, politics, religion etc. They hire the best graduating students in special force schools even before the government does. You'd see that they're quite far ahead from the government. Most times it's like the terrorist control the government. Because a good government wouldn't want to waste her citizens, alongside resources in war. Some of them would ob large to the terms of the terrorists for peace sake. Talking about the importance of terrorism in the world economy. It's detrimental. They use the money generated to strike different peaceful nations. The weapon industry is managed by terrorists; investors of war. So that they'll earn more money. They supply the army and terrorists weapons. If a country is attack with bio weapons like a disease. The economy of the health centers would boost. Which the terrorist knows how to benefit profits through there. The whole profits go to the underground economy. It doesn't help anybody or citizens of a country. It kills!
1708  Bitcoin / Development & Technical Discussion / Re: Generating a seed phrase with biased dice on: October 25, 2023, 04:23:57 PM
Talking of generating a seed phrase with dice, I just stumbled across this post on Reddit: https://www.reddit.com/r/coldcard/comments/17epqk8/040_bitcoin_taken_instantly_from_my_coldcard/

OP used a single dice roll to generate his seed phrase. He rolled a 5, used that as his entropy, and had his funds immediately stolen. Obviously it's a failure on OP's part to understand what is going on, but it's also a massive failure on Coldcard's part that it let him proceed to generate a seed phrase using a single dice roll.
Very bad situation that would have been easily avoided if the user had simply calmed down, used common sense, and done some research. Coldcard has videos and documentation explaining the process of rolling dice and generating a seed from dice rolls. He didn't bother checking any of that, and was more concerned getting his money off his Ledger as soon as possible, even though there isn't an immediate threat.  

Coldcard is partially to blame for allowing it, but that's what you get if you want absolute control. I am not a Linux user, but I know the system gives you much more freedom than Windows. That also means a possibility of making serious self-destructive mistakes.

Handing over freedom to users; decentralization. Still has disadvantages like self-destructive mistakes. Most cold card guides I've read suggest for 100 rolls or more, but from his responses he never looked into it. He thought it'll be just like his ledger wallet experience. I'd support one of the responses on the thread; saying that inexperienced users should use the coldcard generated seed phrase. Instead of using the rolling dice feature of generating seed phrase. He shot himself on the leg trying to increase the security or entropy of his seed phrase; make it hard to guess or brute-force. Cold card is not to blame. It's not their responsibility. As they were not present with the user to guide them physically, on how to use the dice generated seed feature. With their true random number generator in the hardware chip. The hardware's seed picking methods are still secure against attackers.  Not every user can boost the entropy of their seeds using the dice. How then can CC help them? It's now a personal encounter or issue. It would have been better if the victim imported seeds from his previous wallet. The dice generated seed phrase is easy to guess if the user is not experienced at generating entropy. It'll be a better security development if they restricts users that use a single dice roll to generate seed phrase.
1709  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 25, 2023, 03:48:15 PM
if you are good in math and analyzation , and also your instinct is more good than others then I believe that we can make a good career in gambling because this is one of the most profitable place to get daily living, but that problem is only few people succeed even how dedicated they are in their gambling career like others that I used to Know.
If you are good in math and analytics, then it should already be clear for you that first of all, you can't profit via gambling and you are limited to Poker when it comes to gambling career. It should also be clear for you that your chances of being a poker superstar is very low.
Let's say you have PHD in physics and are math genius, how are you going to beat slots? Dice? Blackjack dealer? If gambling career was possible by learning math and analytics or statistics, we would see all professors gambling instead of lecturing students.

A math and physics genius can take advantage of Dice games. They have multiple mathematical formulas or ways of determining if a dice is biased or unbiased. Although being a professional gambler doesn't depend on our educational status. The game relies on personal relationship to gambling; organization and money management. The more we gamble, our experience increase. Win or lose. Both are certain for whoever is the player. Taking gambling as a career is mainly sustainability. How long we can sustain the career without running out of funds.  Where to take the career; online or offline. Which would be cheaper or economical. These are few things to consider before embarking on such a career. I've rarely seen, despite being economical, online full time gamblers. It could be very boring compared to offline guys. Its personal effect on players is what matters. Aside win or lose; emotional effects of playing gambling full time may have reduced the success rate of full time gamblers. It's not meant for every player. And relies on upbringing. Some can withstand sticking to gambling for long period while others would want to spend time on other things. Spending their wins while going time to time to gamble again. Like any other career we'll need capital to set it up. Then plan a long lasting finance. Coupled with his skills. The capability of withstanding any lose and maintaining his wins. It'll be easier to handle his hotel bills, if he's a comp member. That's almost all it'll take to be a financially stable careered gambler. Hence, professors are not anything other than humans. And have their personal perspective on gambling. They could see gambling as a problem and wouldn't decide to participate in it. Also, it's possible that mathematicians work with casinos to manipulate the results of dices games or even slots.
1710  Other / Beginners & Help / Re: I'm new here on: October 24, 2023, 10:47:58 PM
It's interesting to see newbies interested in learning and understanding bitcoin. The above resources is enough to  get you started, but not be enough to satisfy your need to know bitcoin. The numerous forum boards can put you ahead of your current level of bitcoin knowledge. Such that wherever, whenever bitcoin is stated. You'd have loads of valuable information to voice out to the listening ear. Remember to read the forum meta boards before engaging seriously in the forum. There you'll find unaccepted practices in the forum and its punishments. Ask questions any possible day, and also contribute to answer other people's question. Who may not have read to the extent you've gotten in the search for bitcoin knowledge. That's basically what the forum is about. For bitcoin, the knowledge is overwhelming. New ideas, techniques, rules seasonally come up. Members are expected to be consistent, if they actually want to learn bitcoin through this forum. Because they may get lost if they don't. Allocate time to learn bitcoin everyday; few hours. This include participating in sharing information. If you give it a break, it could reduce the rate you've known bitcoin. And, also, delay your journey in the forum. While you look around, I'd encourage that you maintain consistency in your fresh journey. Welcome to the forum! Good to have you around.
1711  Economy / Gambling discussion / Re: Is Gambling Generally An Illicit Activity? on: October 24, 2023, 10:04:28 PM
Gambling is not necessarily an illicit activity, although it's connected to such due to the possibility of money laundering. That's why casinos often have this rule that you cannot withdraw deposited funds when you don't wager at least 1x of your original amount. It prevents money laundering somewhat, because it poses a risk to the perpetrator by hindering them to deposit and dip out with the funds by withdrawing.

It's important to know that business consists of the black market. Where illegal products are being controlled officially. Casino could be used to launder money. Not just on the player's end. They may be doing the KYC stuff and trying to stop players from laundering money, to keep the eyes of the government away from them. Underground trades can occur between the officials of the casino and some underworld organizations to move a huge sum of money. Which profit can change forever the welfare of the casino and it's workers.  Most offline casino owners, we see, always live a large and luxurious lifestyles. Owning different properties. The casino expose them to numerous wealthy men. Not all, do legal businesses. The owner of the casino can also get offers from the illegal business men to help them launder money. These things happen underground, it's not about us, the players. Hence from the definition and the collocation of gambling and money launderings. It still shows how cheek and jowl the both are in the eyes of the government. Who have numerous times figured out that casinos are being used to launder money. Remember that money laundering is mainly in cash. If it goes through the bank, it's easily traceable. Thinking of players as the money launderers is quite wrong. Because players deposit in different form, like through cryptocurrency. They have exposed IDs held by the casino for the Government. A money launderer that thinks of executing his task by depositing and withdrawing his funds after wagering some amounts, is not the kind of money launderer the government is searching for. The underground businesses have nothing to do with the bank. That's why they launder money into banks through a one time transfer. From the casino. The bank won't ask the recipient much questions. But following the process of depositing to the bank, then buy crypto, deposits and withdraw. They'll be enough loopholes already before the money gets successfully laundered. Even the gold sellers launder money through. They send gold in return to the recipient. That's money laundering. The person can sell his gold and get transfer to his bank or even cash.
Any possible paths or ways could really be that make use to launder money and this isnt only on means of gambling but also in other methods or ways itself.It is really just that been part in todays society and completely stopping with these kind of transactions seems to be that impossible. This is why governmetn did really impose such laws and regulations with these businesses yet they do know that making transactions
and bypassing up big amounts wont really be that hard into this area on which its not shocking that they would really be targeting out on getting a good hold with this industry.

Unless the escape goat decides to turn himself in, they would be no catch. Most of the arrested and jailed money launderers, chose jail. Maybe to escape from a bigger trouble or go solve a bigger dispute. People think differently, but we do think everyone thinks just like we do. Every story consists of both sides. Most money laundering activities we here of imprisoned participants. The mistake comes within themselves. Maybe a dispute or long term agreements that may have been breached. Secrets too could lead them to submit to the government agencies. Because the methods of such transaction would rarely be known, without an internal issue. Even in the news I see more of embezzlers being arrested than launderers. They may have done the business to avoid tax or other things. Hence, the government administered the law so that whenever anyone is caught, and found victim, they'll go in for it. And serve the state. Many industries and transactions go on unknown. Despite the equipment and technologies used by law enforcement agencies to trace people's information. It's still difficult for them to get the money laundering practitioners. The underground economy would have been dwindled by the government long ago. If not for the organizations and rules controlling these people. While they target such industries, it'll be difficult to get hold of such industry. The government benefits through games like gambling. So, they may not target with much energy towards an endless and fruitless investigation
1712  Economy / Gambling discussion / Re: Is Gambling Generally An Illicit Activity? on: October 24, 2023, 08:55:34 PM
Gambling is not necessarily an illicit activity, although it's connected to such due to the possibility of money laundering. That's why casinos often have this rule that you cannot withdraw deposited funds when you don't wager at least 1x of your original amount. It prevents money laundering somewhat, because it poses a risk to the perpetrator by hindering them to deposit and dip out with the funds by withdrawing.

It's important to know that business consists of the black market. Where illegal products are being controlled officially. Casino could be used to launder money. Not just on the player's end. They may be doing the KYC stuff and trying to stop players from laundering money, to keep the eyes of the government away from them. Underground trades can occur between the officials of the casino and some underworld organizations to move a huge sum of money. Which profit can change forever the welfare of the casino and it's workers.  Most offline casino owners, we see, always live a large and luxurious lifestyles. Owning different properties. The casino expose them to numerous wealthy men. Not all, do legal businesses. The owner of the casino can also get offers from the illegal business men to help them launder money. These things happen underground, it's not about us, the players. Hence from the definition and the collocation of gambling and money launderings. It still shows how cheek and jowl the both are in the eyes of the government. Who have numerous times figured out that casinos are being used to launder money. Remember that money laundering is mainly in cash. If it goes through the bank, it's easily traceable. Thinking of players as the money launderers is quite wrong. Because players deposit in different form, like through cryptocurrency. They have exposed IDs held by the casino for the Government. A money launderer that thinks of executing his task by depositing and withdrawing his funds after wagering some amounts, is not the kind of money launderer the government is searching for. The underground businesses have nothing to do with the bank. That's why they launder money into banks through a one time transfer. From the casino. The bank won't ask the recipient much questions. But following the process of depositing to the bank, then buy crypto, deposits and withdraw. They'll be enough loopholes already before the money gets successfully laundered. Even the gold sellers launder money through. They send gold in return to the recipient. That's money laundering. The person can sell his gold and get transfer to his bank or even cash.
1713  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 24, 2023, 07:48:12 PM
As the gambling industry is evolving, I think innovations would have kicked in that can make someone create a career from gambling. I do not know how this can be achieved but I feel it is possible.
Maybe the person who want to build a career in gambling can go in a different direction rather than getting involve in direct gambling I mean using money to gamble. Let me say for example I developed passion for gamble industry and I want to make a living out of it instead of going to gamble with the little money that I have I will make out way to partner with those gambling companies be their affiliate and open up branches in areas where it will be closer to the people and at the end of the day I will get paid and if I get much more recognized by my service others from other companies can hire me base on the quality service that I render, from their contract deals is up for me and that’s how one’s career can start growing to the next level and earnings will also increase

I had this in mind, but I think the thread is refering to gambling directly. Because setting up a gambling affiliation is now a business. And you have in mind that the possibility of losing out in the business is 0 using binomial distribution. Like you already stated it, the success rate is high. Other brands would come looking for you. It's not gambling, unless you use money generated from the gambling business to play games. Imagine if a person sells or resells gambling predictions and does not use money made from the business to stake games. Would he be considered a successful gambler? Even in the direct gambling aspect, people still achieve it depending on the ways they operate the activity. Especially the offline gamblers, consists of successful people who take it as a career. I mean they have nothing else doing. Maybe retired teachers or business men. I've read of a guy that quit his job to go into gambling as a career. And he succeeded. He made more profits. Had friends visit him in the hotel where he lives and as well gamble. But, he never had the joy of living a free life. Imagine gambling all day. Sleep, wake up to gamble. Such lifestyle isn't encouraged. It's better to have a break after 3-4 months of gambling. It'll be a better way to cut the year short. Then move in to stay with family and friends in the society. On a better clarification regarding the argument, croupiers or waitresses in a casino, who don't gambler. Would their career be seen as gambling? I think they is only one direction in gambling, staking games. The different directions attached, are businesses.
1714  Economy / Economics / Re: What does being rich mean in your perspective? on: October 24, 2023, 04:40:02 PM
It's funny how all the responses here centers on personal achievements. I'd ask a question. Who do we consider rich? what does a person need to do in our lives before we accept they're rich? Giving! is the only factor used to measure riches in the society. If you have all the money in world, cars, buildings and financial freedoms without having humans who benefit from the wealth through giving and charity. People won't be satisfied with the fact that you're rich. A person that gives to people is a rich person. Because it signifies they have enough for themselves, that they can reach out to other people. Not just families, but strangers. Helping startups grow. Sponsoring people who do things we want to do. These are the factors I'd consider as being rich. Not just acquiring personal needs. If we don't hand things over to others it means we're not satisfied with what we've gotten. Meaning that we ain't rich.

Richness in what sense? We can think about being rich financially, healthy, belonging to a wide social circle of friends, by being a popular individual, by being successful on the professional field chosen to work on, by having the love of the woman of your dreams or just by being in peace with yourself and with the philosophy of life you chose for yourself. We can talk about richness literally or metaphorically. There isn't a right answer for this question, as it will be always subjective depending the aspect we are talking for and the people you are asking to.

In my perspective, I consider all the categories mentioned above as meanings of being a rich individual.

It's indeed about health too, because being healthy contributes to a better life. When one possesses what the society values, they'll definitely be called rich. Do you think the rich folk still think of other rich people as rich? wouldn't they have other things that'll be more valuable than money. Most rich men today, sponsor war and purchase weapons. That's what seems to them as being rich. Owning war tankers, bombs etc. You'd see it's about personal perspective. Others who depend in the spiritual ways can see a possessor of a rare talisman as rich too. So, it's not mainly about the money like you said. Freedom and happiness is also factors of wealth in the life of many business men. Stuffs like cars and house, we easily get tired of them. That's why I think we all should own our different ways of seeing riches. Like myself, giving is my first and primary factor of calling a person rich. Regardless of their social standards, houses or whatever belongings they have.
1715  Economy / Gambling discussion / Re: I think gambling is inbuilt, kids don't learn it anywhere, they do it! on: October 23, 2023, 11:37:58 PM
From my point of view, gambling is not hereditary. Even if I were a gambler, that doesn't mean my children will become one. Gambling depends on where you live, what culture you are from, what kind of society it is, and how much exposure gambling gets. If there is no way to support, promote, or operate gambling activity, there is no way one would become a gambler. When I live in it, it's pretty exposed. So it is common for teenagers to get involved in gambling. So it's obvious the government won't be able to reduce gambling even if they want. The main fault is the environment that encourages gambling not hereditary.

There is environmental influence to what people do because they are exposed to it as it is practically available in such environment. Just as you said, government can't do anything about that but only the parents can by leaving the area to another environment that they desire.

Gambling is always what is practice around neighborhood that are not so much of rich background. Although rich people play gambling but they are mostly adults maybe because they new about it from the young age while they lived in not so rich level. But as to young people, they are mostly from the neighborhood that are middle class range.

Regarding change of environment, it helps a long way to change the behaviors of a kid or child. But, if the child doesn't change his school maybe still attends same school despite living on a different street. He'll most likely spend time with his gambling school mates. That's for a child who is not yet involved in online gambling. But, gamble locally with school friends. As for the class of gambling underage. It can't be certain, if it's rich or middle class. Getting influenced to gamble, has no limit. A child from a rich home can mingle with other kids in school to participate in local gambling. Like staking money over an argument. His pocket money can also cause him to gamble. A child with little or no money, may not gamble, because he's got what else to do with his money. Where your point is very valid, is about his home environment. The rich children are being watched by servants and also the compound they live don't get much traffics; visitors. Hence they may not be exposed to such influence. But, you forget they also go to school. Where different classes of students from unique environments come to learn and teach each other. If their elder sibling engage in online gambling, then that rich child is also in trouble. They are equipped with gadgets with internet access, added to their pocket money. I think the rich children are more exposed to chances of gambling like the other kids in the low class neighborhood. No matter where we are, the society still locates us. It's not as if, the rich kids don't have friends who stay in poor areas. They do, and most often the rich influence the poor with the gambling attitude. Like allowing the other kids watch them play online gambling. Thereby exposing them to a higher gambling activity. Other than the type I mention on the thread. Which happens anywhere; rich or poor neighborhood. Arguments must erupt.
1716  Economy / Gambling discussion / Re: What's your nice hit to leave the casino. on: October 23, 2023, 11:13:08 PM
As a gambler, from when I leave the house down to the casino prior to getting there I normally project specific amount that should I probably hit am turning around to leave for home immediately. And am quite sure am ain't the only one who have for one  had this plan thought wrapped in his head, some persons might have too.

Just in case, what amount will be looking like a nice hit for you to leave a casino just immediately for maybe your first, second or third hit on the machine as you have just walked in?


This actually depends on my mood. Typically, when I hit the specific amount that I have set, then it's time for me to leave the casino. Sometimes, leaving the casino relies on how much hours that I have set in that specific day. But there are some instances where I've hit that amount, but I continued playing because I am enjoying a lot and does not care that much on my winnings. But this is very rare to happen, because I had this belief that if I have acquired continuous wins, my succeeding games will be now in a complete loss. And this what makes me leave the casino already, because I don't want to have any regrets after that. Besides, I can come back to the casino anytime, but my potential win turned to a loss cannot. So, I think it's better if we already had a specific amount in our minds on what will be our exit point when engaging in any gambling activities.

I can see the differences on individual gambling experience and why OP talked about having a specific win. What if the win doesn't occur, what could be the outcome of the player's attitude. Playing until the whole money gets exhausted, before they'll leave the casino. You gamble both techniques, setting a specific time and also hitting a win.  That's not being certain, which method to follow, when the win occurs. It's a nice move and can as well help control your gambling habit. Personally, gambling the wins if it comes before we exhaust our time, is important. In the sense that it'll help us know the end of it. Like in your method, you'll definitely go back again to gamble. Thereby, still staking your wins. So, to me, I'd end the game when the time is over; win or lose. And play next a fresh game and time. Facilitating thoughts and decisions. Stopping along the line, due to fear to lose out what we just won. Will leave us, betting again quicker than we should've, if we didn't stop before the time is over. Though your method is cool, because gambling doesn't have an all correct way of doing things. It could be the way it works for you. Although, since the winning method can't always be certain. I'd always go for playing on the decision of a limited time. As it'll fasten our gambling experience. Halting it, can reduce it. Because I'd see it as the uncompleted time still counts when next we gamble. If we lose out our wins while trying to finish the time, it's ok. Because on the next gaming time, we may end it with a win. And go home happier. Unlike in your words, where the fear of losing it at the end of the time could make you regret, it sounds like being too sure of losing. The game can change to favor the gambler at ending hour.
1717  Economy / Gambling discussion / Re: Your doubt has no effect on gambling. on: October 23, 2023, 10:47:23 PM
The gambler wish to win the game in the gambling,but it need of some time for the winning in the gambling compared to the other game.The gambler should control the emotion in the gambling sites betting,only the emotion control people can win the good win.Because with the nerves the gambler will made the wrong bet in the gambling site.Some gamblers using the coin to bet in the gambling site,but this is the purest form of the random betting in the gambling sites.
When you say emotions, do you also mean adrenaline? If so, then mostly players play for the adrenaline, and for the sake of winning too, but mostly they like the way they feel when they play. I’m talking about betting because it’s closer to me, even before the start of the event I understand what I can bet on, and if I haven’t made it before the start of the event, I can do it in live, it will depend on how the game develops, but If I feel a lot of adrenaline, then I will most likely refrain from betting, because I understand that in such a state it is possible to make a mistake.

I think the emotions he said can be linked to adrenaline to some extent. Since our emotional brain can pump the adrenaline to reach a high state. And taking gambling decisions in such condition or fast thoughts could be detrimental to the player's result and experience. I think gambling requires, being in a state of self control. Adrenaline is outside the control of our brain. It could lead us to gamble faster and make series of mistakes. Which when the hormone gets normal we'll be surprised of the gambling decisions we just took. It's strange to feel that way in gambling, unless for a player obsessed over a game. A kind of being too eager to know the end results of a game. Or waiting earnestly for the game to commence. This could be a country related game. Or our club. Playing slots in such a state is quite uncommon and not recommended. Because it's like playing without calculating. It's important to halt gambling at that time. Do you only feel this during sport game alone? The importance to gamble with our own decision is needed in gambling. Hence, controlling our emotions to the right side of it is also a good thing. Those players who chase losses are pushed by adrenaline. Gambling faster than they think. And it affects their gambling experience. Leading to compulsive gambling. Regarding Op's emotional experience on doubt. If it happens too often, it may also be fueled by excess adrenaline towards his decision making. Negativity. Luckily he didn't let it decide or stop him from taking the gambling risk.
1718  Economy / Gambling discussion / Re: Your doubt has no effect on gambling. on: October 23, 2023, 01:05:01 PM
You've got a point, a very, very good point. If you're playing every day, losing, and digging deep into your pockets, it's a disaster, a total disaster. But, if you're smart, really smart, like some of the best businessmen I know, you can turn it around. Casinos are about fun, pure fun, and nothing but fun. They're not charity organizations, folks! They're in it to win it, just like in business. The house always, always has the advantage. Always


This is really where most gamblers fall they see the casino as a charity, thinking they are giving money out of their bets or making it their job to put food on the table. It is always a business and you know why there are tons of people setting up this kind of business? Because it is profitable as there are tons of gamblers that fall into that habit and worse go broke on it. The only solution is to control and treat gambling as a fun way to kill our time and nothing else so that you won't be expecting something and it will then have a chain effect on you financially.

The house remains the opponent of the gambler, not a friend who wishes for the gambler to win. The business maintains itself from the loses of players. Hence players must be smart enough to also manage themselves, not to look like the sole sponsors of the casino. By following the method shared by Xskylarx above. It's quite the best move for gamblers, in enjoying the hobby. Gambling should be seen as a fun factor, not a business. Unless for professional gamblers who have millions and one techniques to stay active in gambling without running pocket dry. But, the truth, is, players must expect something in return, because it has been made that way. Assuming gambling wasn't providing some kind of profits. Most people wouldn't have ventured into it. But since, it requires no skill to gain profits in gambling, people see it as the charity organization you called it. The professionals like I mentioned, may have not depended on it for funds, but fun. Maybe along the line got a way of gambling and managing themselves not to lose out completely, but win big. Using different, possible tricks and techniques. The fresh players fall in between the charity category and battle angrily with the house, with no good plan, predictions and decisions. Thereby always finding themselves in a bad gambling condition. If they split their funds or bank rolls, they'll buy for themselves more gambling time. Playing $100 for a week is enough to quench the person's eagerness to gamble for the week. They can continue the next week. Then, follow up their previous wins and lose to determine what method would work out. It's certain that we lose all to the house, but saving time could help us manage or reduce how it happens. It's uncommon to find anything or product that should eat up everything we've got. And gambling shouldn't be an exception. Players should threat gambling like any other utility. Limit how we play games like we limit how we eat or buy clothes, even if they make us happy. Running pocket dry doesn't make us happy either, hence it's important to keep extra funds for savings, to remain happy and not run into debts due to compulsive gambling.
1719  Bitcoin / Wallet software / Re: Protect yourself from fake wallet software (guide) on: October 23, 2023, 12:28:03 PM
Search engines contributes a lot in landing users in a phishing website by ranking some of the phishing sites on search results. That's why I'll recommend extension that blocks international domain names and Anti-phishing toolbars for chrome and Firefox. They work in line to stop users from accessing malicious sites and protects user's privacy. Also, it can stop suspicious wallet apps from being downloaded into the device. Additionally, keeping browsers up to date can reduce the rate of getting phished. Hence, it's important to update once the browser update is available. As it contains more security features which helps to protect users from accessing malicious sites. However, phishing techniques keep changing and Op has tried a great deal to enlighten us from falling prey to hackers by opening this discussion. But, no complete rule of avoiding phishing exists. We must keep our head up and follow up threads as this, to know when hackers devised a fresh technique. They know of the spreading warnings against their tricks, such as; mails, copycat websites etc. And they always work strides ahead to beat the current viral methods by coming up with crazy ideas that may not look fishy at anybody's slightest imagination. You also refreshed my memory on PGP regarding digital signature, it's quite a nice secure measure to follow, but the hacker's aim is mainly about the person's private keys, once it's imported on the fake wallet they'll sweep it. Do they have to bother about making it run? like a real wallet. Isn't it about the user opening the wallet app import keys and that will be enough to execute their attack.

For more, consistent phishing guides follow: https://www.phishing.org/10-ways-to-avoid-phishing-scams
1720  Bitcoin / Development & Technical Discussion / Re: Generating a seed phrase with biased dice on: October 23, 2023, 11:31:59 AM
An interesting question, that has to do with probability; Binomial distribution. If the outcome of a specific numbers appears often than others it could be said to be biased. Getting a 4 fifty times in 100 rolls and other numbers taking the other 50 rolls. It's simply biased. In statistic you'll have to make assumptions and work toward it to get a result. For instance, putting aside a standard deviation and deciding if the outcome of a dice is outside or far from the mean, let it be biased. You can also roll the dice more than 100 times to know the actual results of the dice and what number appeared the most, how many times it did, analyze it and conclude a decision. As for a die with abstract results or outcome. I don't think they'll be need to check if it's biased or not. Since the results seem unbiased. I can't say for sure why a dice is bias or not. But since the dice used for generating seed phrase is also used in casinos, then it'll go a long way to answer the question. Casinos can use it to maximize profit for themselves by tricking players. No, an attacker may not correctly predict if your dice are biased and use it as an advantage to brute force your seed phrase. Like a member above said, you can as well make changes to the results if you're not satisfied or feel it's biased, to boost the security of your wallet. I was thinking of mass production, where some dices have similar outcomes. Don't know how possible it is, the hacker can use the outcome of his own dice to try brute forcing other people's seed phrase. But, that'll require a hell of stressful predictions, computing power and thoughts, to brute force. Hence your mitigation process is quite fine, to escape from such an attacker. However, I don't think the producers of the dice would have anything to do with trying to spoof buyer's seed phrase. They may not know why a specific user bought the dice. Hence, they may not have a their reasons for making it biased, other than for casino purposes.

As for determining the if a die is biased or not this math forum can help; http://www.mathisfunforum.com/viewtopic.php?id=14785 they settled the problem with some graphs and equations.
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