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1761  Economy / Gambling / Re: I want to make a telegram live betting group… on: August 09, 2022, 08:16:29 AM

I kinda like community to share and chat around you know, everyone discuss about their games and what to bet and all. So eitherway, i’ve created a telegram group for sports and casino betting discussion. Give me some advice and opinion to better improve my group… it will be good for you all to be part of it too.  Grin

https://t.me/sportsliveforum

I took a look to your telegram group and I must say it is more inactive than it should be, considering it has about 50 members (I am assuming those are real people). If you want a suggestion, I trink it would be a good idea to find some strategies to make people to engage in conversation/ discussion, maybe have some small events about personal predictions if possible you could even offer a small reward for the user who make a correct prediction; because the inactivity is something every newcomer will notice and could be a reason for them not to join.

Also, no scammer has interacted with me yet so far, so it is good. let us see how long it lasts.

I am not sure of the utility of any telegram group that does not have at least 1000 members. In most groups the percent of active users (and this is not just for telegram, but for many other groups, even not just those over the internet), is 5% on average. Sometimes, for topics that are very hot and generate involvement with rewards and community management activities it can get higher, but you have to account for this when sizing.
1762  Economy / Gambling / Re: The History Of Gambling. on: August 09, 2022, 08:14:00 AM
The history of gambling has been interpreted in many ways. Gambling is said to have originated from ancient times. At that time, the more people got together, the prevalence of gambling increased. At that moment there was no recognized place for gambling where gamblers could come together to play. Venice in Italy fills that gap. The city authorities there opened the world's first casino in 1638 called 'Casino di Venezia'. But this casino was opened only during the festival. could legally gamble there. In this way gambling was spreading ‍at that time.

Gambling in the sense of waging something of value against other stuff considered of value for a result that is uncertain is probably previous to even formal writing. It only requires a very basic communication and it can be done pretty much in with anything... rain, a crop, the fall of a coin or any event out there that has the potential to create a "prediction market". The key is the uncertainty of the result.
1763  Economy / Economics / Re: Can the US become EU's oil supplier?? on: August 09, 2022, 08:10:53 AM
It is already a supplier as far as I know, the problem with US oil is that is not going to be as cheap as other sources that are more readily available and can be extracted at a cheaper cost. The fracking process requires continuous CAPEX investments that are much larger than those required for conventional oil. Despite the major "easy" fields have been used up, there is still much better quality and price outside US.
1764  Economy / Economics / Re: ECB - Towards the holy grail of cross-border payments on: August 07, 2022, 11:48:15 PM
All quite debatable, but I think that they are simply building the argument to create something that is radically different from bitcoin to be used as digital currencies in EU. All arguments are partial and not very well thought. Bitcoin uses plenty of energy to secure the network, true, but no more than centralised payment networks. Overall this is just another opinion.
1765  Economy / Economics / Re: Henan Bank decides to use citizens money for investment on: August 07, 2022, 11:40:04 PM
Imagine a situation where you have worked for your money and put in the bank but at the end of the day can't access them simply because your government decided that it would be the best fund to cater for development of the country!! That's the rude awakening citizens of the Henan village of China got.

This is how most custodians of any assets make their money - they lend out your assets to others.

It's not limited to banking as it's done by most stock exchanges and billions too.



The tanks are probably more unique to China but a lot of countries have militarised police.

Yes and no. After the 2008 crisis, investment banking and commercial banking were separated, so yes, you can lend, but you cannot do whatever you want with it. Also, banks are limited in their lending and they have to pass certain tests (in US and EU) precisely to make sure they do not lend to the point that they cannot honour the deposits.

The situation as described is very clear: A bank has your funds, but you cannot withdraw them - that is in essence the definition of a bank going under (bankrupt). It does not matter if they say that it is going in "investment" or that is being used to save grannies from floods - you are able to get your money whenever you want from a typical account.

Now, the excuse of it being used for "government investment" does not make any sense. If it is used for "investment" then the depositaries should benefit from it. It is not usual to see the Chinese protesting, so there must be something really ugly going on.

1766  Other / Politics & Society / Re: Hungarian PM Viktor Orban the hero of US Conservatives on: August 07, 2022, 11:32:36 PM

source

On Thursday during the Conservative Political Action Conference (CPAC) in Dallas, Texas the US conservatives cheered Hungarian PM Viktor Orban. Orban is a die-hard supporter of Putin and is seen as the black sheep of NATO and the EU because he is always opposing sanctions on Russia. Generally seen as autocrat who has banned the teaching LGBTQ topics in schools and criticised creating peoples of ”mixed-race”.

But among the US conservatives he is seen as a role model and a freedom fighter, fighting for  the future of Western civilisation. Just like Donald Trump's, Orban is their hero regardless of their perceived political and social excesses.


https://www.aljazeera.com/news/2022/8/5/us-republicans-cheer-hungarian-pm-viktor-orban-at-conference


Interesting, the conservatives tend to like the one guy that is the closest to a RF infiltrate in the EU, that got its country frequently sanctioned for lack of respect to some basic rights and for going well away from democratic principles. It may be the effect of the Trump sequestration of the US Republican party for his own means that brings this type of "leader" to be a role model.
1767  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: August 07, 2022, 11:14:02 PM
Ah whataboutism, there's no hypocrisy or double standard that it cannot justify. Weren't you taught that whataboutism cannot apply when creating laws? And is actually called discrimination in law. But i must agree it's a convenient tool to prevent population from questioning any and all laws.

When one country invades and the other says "we don't want your books anymore" it's absurd to claim "discrimination". Come on, master of whataboutism, find us some historic analogy. Like Russian imports of German books during WWII.

If your logic leads you to the following conclusion, think it's safe to say that you're on the wrong side of the argument:
Masha and the Bear = brainwashing children, needs to be censored, require exceptions to import
Mein kampf = totally fine for unlimited circulation without age restriction

That's your conclusion, not sure why you're ascribing that to me. I'm sure there are many bad books issued in countries that Ukraine has good relationships with. I never argued otherwise. It's a tangent that doesn't mean anything in the context of restricting book imports from a country they're at war with.


Certainly the whole argument is ridiculous. Is like asking Israel to make Mein Kampf compulsory reading at school or making Carl Marx a compulsory reading at Texans schools. They somehow keep on insisting that Ukraine should actually be praising and chanting about the main language of the state that is trying to annihilate them. Senseless at all point.
1768  Economy / Economics / Re: Crude Oil drops below $100 on: August 05, 2022, 01:07:41 AM
Interesting thing to see, oil does not have any particular reason other than being summer, so it may be just an seasonal effect that does not matter for the long term forecast. However, it is clear that there are years of underinvestment in oil production ant the ESG tendency is not helping to raise production. We are maybe trying to be green all the sudden.
1769  Economy / Economics / Re: Social media, now looking more for business than for socializing. on: August 05, 2022, 01:06:04 AM
Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?



That is what they are trying that is for certain, social selling and using it as a multi-channel that you just cannot do without. For example, can many  afford not to be in the internet ... have no presence? The answer is not really, even those very reluctant. Zuky's dream is to have that same relevance to the people in terms of bein the place to get clients, care for them an sell.
1770  Economy / Economics / Re: Are we hodling BTC or we are hodling Fiat?? on: August 05, 2022, 01:03:56 AM
I am holding both TBH, but bitcoin is jsut a part of it and it is on hold like... forever, for my grandchildren to sell if they need it in 100 years Smiley I am serious about the long term holding and fiat with this rate of inflation across the main economies of the world is like a burning ember that makes you want to get rid of it. |The extreme cases are ilustrative of this: Turkye, Venezuela, ... people buy durable goods.
1771  Economy / Economics / Re: EU countries agree deal to cut use of gas this winter on: August 05, 2022, 01:00:42 AM
BTW, I checked the live gas prices from EU, and right now, they are trading at around $2,000 per thousand cubic meters. Two years ago, natural gas was trading at less than $100 per thousand cubic meters.
Two dollars per cubic meter of gas at the hub is already very expensive. To heat a medium-sized house in winter with a gas boiler, you need to burn about 500 cubic meters of gas per month. I think many households in Europe will need subsidies to cope with heating and electricity bills.

For Europe this means turning the heat from 23C to 19C, that is a saving of 25% and that is all the "pressure" that the people are going to feel for this matter. It is much worse the effect in industry so EUs mitigations will drive the resources available towards the industry and use other energies to heat homes.

That is only true for a few nations though, UK, Spain, Italy, France... they won't notice much other than price.
1772  Economy / Economics / Re: Where should I invest? on: August 05, 2022, 12:47:54 AM
We have to regulate investments in various sectors including gold investment, so it is not recommended that all funds be invested in cryptocurrencies because market fluctuations are not effective for very high-risk investments. My main strategy is to invest with low risk and allocate crypo investments with the lowest value compared to gold and other investments.

I think it’s wise to always diversify on your investments. You can’t have it all bad with diversification as it involves spreading out your investments into various areas. If you put all your investments into cryptocurrencies and that sector happen to have a loss, then you’ve lost out. On the other hand, if you’re smart enough to invest in other things as well as the cryptocurrencies, then you may certainly get a good return on investment. There are other investment opportunities out there aside cryptocurrencies that would yield interest if wisely invested in. I think it’s never advisable to put all your eggs into one basket.



For crypto right now the market is all linked and it may not offer the chances for diversification as it used to do in the past. Despite bitcin falling strongly during the last few months, it does not seem to be different from other chains, so there is not particular way of divesting smartly in this context. Let's see how the last bit of the year faces, but getting to 40 again... difficult.
1773  Economy / Economics / Re: U.S dollar almost equal to Euro on: August 05, 2022, 12:45:57 AM
Let's see how the USD behaves during next year, but it is very clear that the US economy has come out of the covid with just a bit of a cold meanwhile the EU economy has come out with a full blown flu. The jobs market in the US is extremely strong, and despite a technical recession, there is not a translation into the public confidence... inflation is high because people keep spending like crazyl
1774  Economy / Economics / Re: More investment in Tokamaks and hot fusion is required on: August 05, 2022, 12:25:53 AM
The most promising future energy, cheap, abundant and that may eventually be easy to produce is hot fusion energy.  https://www.iter.org
For reference: the installation is based on the tokamak system developed by Soviet scientists (Toroidal Chamber with Magnetic Coils), developed in the 50s of the last century by academicians I.E. Tamm and A.D. Sakharov.

Russia is the initiator of the ITER project.

Russia has complete design documentation for the ITER reactor.

Russia occupies one of the key positions in the implementation of the international ITER Project.

It looks like your hatred of hydrocarbons is stronger than your Russophobia. Grin

My "russophobia" does not exist other than in your imagination. I am aware that Russian nationals provided part of the theoretical basis for the hot fusion, and Nazis stablished the bases for rocketry and guidance systems but that does not seem to prevent Adolf Putin to use these to kill civilians.

Science belong to humanity, no matter who develops it.
1775  Economy / Gambling / Re: Vulnerabilities in gambling websites in past on: August 05, 2022, 12:08:39 AM
No site is ever free of vulnerabilities. If you think of it, all sites are not built from scratch, they use an OS, drivers, layers of software and millions if not billions of lines of code. And there is nothing there preventing someone from installing a backdoor or creating involuntarily a vulnerability that could potentially end with the system being attacked.
1776  Economy / Gambling / Re: A New Era for Betting - (After Corona Circumstances) on: August 04, 2022, 11:56:29 PM
Yes that is right some areas, mainly sports and prediction markets on live events in general got hit hard, however the general market did grow at a great pace because people were at home without that much to do and would rather have a good time betting than watching yet another Netflix series Smiley.  Now all that people may have liked the betting and are part of the ecosystem.
1777  Economy / Gambling / Re: Kings Club Poker, semi-private games, mainly for serious poker players on: August 04, 2022, 11:47:45 PM
I think that most of the target players will rather not play online or strange games, they are used to compete in professional tournaments and train hours a day to become the best, it may be difficult to acquire these for a site. How would you create the right user experience, bonus and package to convince them that your site is for serious players and better than what they got?
1778  Economy / Gambling / Re: The History Of Gambling. on: August 04, 2022, 11:40:19 PM
Everything out there is a bet really. Just think of every day life, you will be taking many decisions. Some of them are stupid and some of them are trivial - like what to dress or what to eat. However, many of the decision you take have pros and cons that are really important for your life and the life of other that you love. Something as stupid as to decide if you would take over a car in a road is a bet.
1779  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: August 04, 2022, 11:26:41 PM
In fact, people in the US are only free to yell at the American leadership in Soviet jokes. A case in point was this June in Los Angeles, when a police officer knocked a protesting woman with a megaphone to the ground and then hit her.



This...is such an incredibly stupid and invalid argument.  I can't even...

You see, that would never occur in the RF. Meaning that it would be impossible for anyone to get that close to Adolf Putin's car - not even to Adolf Putin's dog's car. The Tzar has been known to stop and clear traffic from several streets in Moscow when he decides to travel by car.

The argument itself is, as you say stupid. This guy is fighting a lost battle trying to compare the limits to liberty in US or Europe to the despotic limits to expression and the extent of the repression in RF.
1780  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: August 03, 2022, 06:10:50 PM


Did you miss the part where the Russia tried to take Kiev and remove the government and ended up having to retreat?

As for Kyiv, I commented in this post above.

I assume you mean this?

I was talking about the first month. Which also included a hasty retreat from Kyiv.

Show me at least one quote from the Russian President, his ministers or the Russian General Staff that Russian troops were going to capture Kyiv. This news was trumpeted by the Western media, and then they themselves denied it, presenting it as an "unsuccessful plan of the Kremlin."
It's the same as publishing a fake everywhere that American astronauts are going to land on Mars next month, and then a month later also say that American astronauts failed to achieve their goals.
Russian troops launched a military group of about 15,000 people near Kyiv to contain the Kyiv troops so that they would not go for reinforcements to the eastern part. Russian troops were stationed there until, as a result of negotiations in Istanbul on March 29, 2022, a decision was made to remove the Russian group from that direction. It was after the negotiations that the Russian troops gone from the Kyiv region, which was then declared as "a great victory" for the Ukrainian military. By the way, how are the Ukrainian bayraktars doing there, about whom you were so worried? Something little news about them lately.


If you really think it makes sense to ignore anything written by the west (free press) and only believe reports that are pro Russia or coming from Russian media (which is largely controlled by Putin), then obviously nothing will change your mind.  But if not, and you've realized how ridiculous your points have been in the past like this one ... have a read https://en.wikipedia.org/wiki/Battle_of_Kyiv_(2022) and then let me know if you really think the first month of the war went mostly according to plan for Putin.

Sometimes is difficult to tell is they are trolling or if they really believe in half of what they are saying.

 This was is no different from many others that have been led by the Russian supremacists. Confronting one ethnicity with others, using propaganda massively while ignoring any limit to what is human and what is "reasonable" in war.
Smoke-screening with stupid arguments about "west" versus "east" (as if killing was a culture), accusing others of nazism while behaving as such, denying everything (Even denying there is war!!) ...

Up to the point of complaining that the RF artists are no longer invited to play abroad while they kill the old and the young alike. I wonder how many people in the RF really believe the crap or they are just trying hard to believe it so that they do not feel part of the scum of the Earth.
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