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181  Economy / Economics / Re: The benefits of risk taking on: April 01, 2024, 04:54:40 PM
Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
To fear is a normal human response upon sensing danger, and you can't fault people who chickened out of a possible deal of a lifetime just because they were scared. The tension and the danger of failing is real and you should understand that not everyone's got a risk appetite as big as you, nor do they have the same capacity to shell out a lot of money for said risk taking venture, and happily lose it when the thing don't work out. It's not rainbows and sunshines in the Entrepreneurship world that all you need to do is take that first step and you're already bound for success. There's real danger in losing your money, losing your family's good opinion towards you, and losing all the credibility you have because of a failed venture.

So don't go out here talking about 'why people can't just take the first step and take control of their lives for the better?' If it was that easy they would've done it already, but it not. There's tons of shit at play that it's much easier to just take the beaten path, and that's alright and fair.
182  Other / Meta / Re: It's April Fool Day but is it allowed on: April 01, 2024, 04:45:52 PM
Someone should send him 3 btc to that address just to see if he sends it back. This will confirm whether it is an April Fool's joke or not. Who's going to do it?

HAHA, that got a chuckle out of me not gonna lie.

But what are the grounds of this forum regarding begging? Cause donations are a no-go for people who aren't trustworthy, and we have a system for that, but for this particular matter we know for sure we don't stand to gain shit from this one, cause no one in their right minds will hold him accountable for changing the world lol. So is begging like that a bannable offense here, or do we allow shit like this to proliferate within the forum cause in my opinion these should be regulated and moderated by the folks. We can't have every newbie in here begging for shit, since it's going to ruin the whole narrative of the forum, and eventually we'll have every single new account here, possibly botted and faked, asking for money, which will ruin the forum more than "mixers" ruined it.

At the end of the day, it's April Fools, nobody's gonna take this guy seriously, although I'm almost tempted to send him 3 bitcoins just because lol, and then bug him until next April Fools regarding his plans for changing the world for the better. LOL.
183  Economy / Economics / Re: How does one know and join the right community after a job loss? on: April 01, 2024, 04:38:56 PM

For those of us who have a dream or have a pulling towards a certain area of our life, it may be that's why it's been difficult to keep a job because you just can't shake off the thoughts of fulfilling that dream.

If along the line you suddenly loss your job for one reason or the other and now you have to rely on whatever wits and skills you have to survive with a family, instead of trying to look for another job and be doomed to misery, supposing you have some skill of sort that has been hidden and waiting to be explored, how do you hone such a skill, so much so that you earn from it?

It may be a strange post, but if one has to make wealth and be of value in this life he /she has to be able to love their work so much so that it seems they don't work at all and that's because such persons do what they love or do what they understand best.

With such disappointment as a job loss and in an economic situation like the one we are faced with in our country, and living in a new environment where it's easier to meet the wrong categories of person,

My question is that, how does one go about joining the right community to fulfil a dream after a job loss?

How does one know the right persons to follow and community to join to help them achieve their dream or purpose in this life?

Your thoughts are welcomed!

Depending on if you have emergency savings or money that you've stored up to account for the job loss, you can explore options for as long as possible, but the rule of thumb is that, you should always ask your closest connections for job opportunities within their companies or whatever. I myself manned up and asked my friends despite the possible gossip it may entail when I lost my job, I wanted to show them that I am eager to get this opportunity. And when that worked out for a while, not only did it allow me to achieve what I wanted in the first place, which is employment, but the familiar face allowed me to focus more on the job and easily adjust to the environment.

You also must take advantage of LinkedIn and Reddit, as these two sites have been very vital in my job search quite recently. It allowed me to get in with people who have contacts from high places which allowed me to secure interviews and eventually, a handsomely-paying job in one of the most successful agencies in my country.

Choosing the right community starts with finding the right platform, you can't find communities of successful job-hunters in sites that don't nurture such communities, so do your research, invest time and energy in finding these communities and platforms, and you're sure to find a job sooner or later.
184  Economy / Economics / Re: Business/Entrepreneurship. on: April 01, 2024, 04:22:56 PM
A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately

Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?

 
As a man who likes to play things safe, or at the very least know what I'm signing into before I write my name on the pad, I see myself as someone who wouldn't flourish in the world of Entrepreneurship. The thing is that, for you to even have the most remote chance of ever making it into that venture, you have to have some balls of steel to keep going despite bad sales, bad product reviews, etc., and continuously improve upon your product, and the way you present it to the public. Add to this the fact that even if what you're selling is an essential, you have to make them realize that they need it, you can't just sell it and expect people who require it would buy from you straight up since people choose comfort over new experiences. And for these reasons alone, do I say I'm not cut out to be an entrepreneur.

As a businessman however, I have great chance, I know the ins and outs of running a business since I made a couple of those in the past to support my schooling, I know the risks you can and should take and have made calculated decisions in the past which I know will make me a great businessman. Plus, you don't have to reinvent the wheel to be successful in the business industry, all you really need to do is present your product way better than other businesses, and let the whole thing play itself out.

So all the way, my answer is business over entrepreneurship.
185  Economy / Economics / Re: Church Business on: April 01, 2024, 04:11:08 PM
Church has always been a business, in the ancient times it dabbles in influence and power, making sure that their followers remain subservient and accepting of their teachings and commands, with the caveat being that they need to follow to achieve a higher sense of purpose, or to evade eternal damnation. and this goes for any other religion out there.

The christian religion, being one of the biggest ones out there, are the most abused in my opinion. I don’t see Muslims piling up money to serve their sheikh or whatever, but we’re out here giving money to Joel Osteen, to that fucking pastor who said God granted him his private jet because he’s good, and a lot of Nigerian and African pastors who take advantage of their follower’s desperation and gullibility to profit. Will they do the same thing for you if the roles were switched? I don’t think so.

Plus Churches and religious congregations aren’t taxed a single dime, so they get to keep all the profits that they incur, all the more reasons why a lot of these clowns right here end up becoming so rich
186  Economy / Economics / Re: Debt Management. on: April 01, 2024, 03:53:44 PM
Borrowing or taking loans is not bad but being a debtor is where the problem lies. What I'm trying to say is that, it's normal to be in need and borrow when you lack, but owing for too long or not being able to clear your debts at the appropriate time, is the problem and can be very embarrassing. Now that's where Debt management comes in, Debt management to my understanding is a process where by one plans strategic means of attending to their debts thereby avoiding numerous debts and be debt free.

 Dept Management is something every human is supposed to be aware of so as to help tackle the problems of being a debtor. Left for me, one who is in debt is like a slave and is bound to face being embarrassed if not they don't apply debt management. That's why before one should take loans, there are many things that's need to be considered. However here are the necessary steps people should take to become debt free;
 Learn to cut cost: one needs to avoid too much spendings, normalize spendings only on necessary things, either for food bills, craving or wants, your expenses should be focused on your needs and not wants.

 Make Budgets: making a bucket list of budgets would aid you to monitor your income and also help you to make right decisions on important expenses.

Avoid spending beyond your budget: this is also another way of debt management because when you spend only what you can afford, it would help you from being a debtor cause you'll be more focused on things you need.

Do not borrow funds to clear debts: doing that automatically makes you acquire more debts and it keeps accumulating because you won't seize to acquire outstanding debts, it would continue to go in cycles until you work hard to earn and become totally free.

Clear debts on time : no one is above being in debt, however one shouldn't settle with being known for a debtor, it brings embarrassment and could cause emotional trauma, therefore one needs to keep tracks of their dept and work on paying them off, beginning high interest debts down to minor ones, needs to be strategic with clearing their debts.

Right choice of investments: investmenting on the right business is just like saving for the future, cause you'll always have a financial support to fall back to, and also avoid taking loans, therefore the right choice of business would guarantee you have a safe heaven rely on instead of taking loans.

Make wise spendings: Consider your financial strength before purchasing items, purchase only items that are of needs not the ones that don't match your financial strength.

 Another way of debt management I could think of is to learn to make proper financial decisions, one should educate themselves financially about  investments and how to plan financially to be debt free.

 Here are some debt management charts to help you understand further.

https://images.app.goo.gl/SrXEfxH6TghMQ5JN6



https://www.google.com/imgres?imgurl=https%3A%2F%2Ffastercapital.com%2Fi%2FMastering-Debt-Management-Strategies-to-Conquer-Interest-Shortfall--Understanding-the-Importance-of-Debt-Management.webp&tbnid=F0OKGlIo-js0SM&vet=1&imgrefurl=https%3A%2F%2Ffastercapital.com%2Fstartup-topic%2FImportance-of-Debt-Management.html&docid=P-4lD9dQy_YHRM&w=1350&h=759&itg=1&source=sh%2Fx%2Fim%2Fm1%2F2&kgs=29fb4c3855f0be51&shem=abme%2Ctrie

                                    In Conclusion
 The concept of debt management isn’t talked about often, this is why most people dwell so deeply in debt and they can’t afford to pay it off. In worst cases where the debtor can’t pay back, they tend to take their life, giving up so easily just in the name of frustration. Sometimes taking debt can be a way out for one, that's if you have an innovative mind and know how to utilize the resources given to you. Some people just don’t know how to manage funds, borrowing money to clear debt or to fund your lifestyle isn’t just the best idea infact, it’s just the beginning of your borrowing cycle. If you don’t have any reasonable plan then there isn’t any need to go for a loan.
Good read. And if I may add, I'd like to top this list with another tip that would severely help people who are drowning in debt.

You gotta have a second job

Doesn't have to necessarily be high-paying or whatever, just enough to sustain your bills or whatever essential expense you are looking forward to every month. And use the money you're earning from your main job as a means to pay up the loans/debts you incurred, while keeping the side-hustle money as your take-home. Sometimes budgeting just isn't enough, personally I've been in debt in the past and cutting on expenses alone didn't do it for me, and while it did teach me a lot about discipline and making wise weighted decisions, it never really helped me financially recover.

That's when I got a second-job that I can do at the comfort of my home. What took me years to just pay the half of, took me 3 months as I was able to use the money I earn from my main job to pay it off in large batches, while I am sustained by my second work. Best part about it, when I got the whole thing paid off, my finances became even more free and I am now able to live a pretty lavish lifestyle if I do say so myself.
187  Economy / Economics / Re: boomer life UK on: April 01, 2024, 03:36:55 PM
is life for Boomers in the UK like that?

Quote
The 1950s were a good decade to be born in Britain. A newly minted welfare state ensured that your early years were free from squalor. For the lucky few who made it there, university cost nothing. During your peak earning years, taxes plunged thanks to Margaret Thatcher, oil gushing from the North Sea and the restorative effect of the EU’s single market on the sick man of Europe. Rocketing house prices more than compensated for a few years of high interest rates. Defined-benefit pension schemes, then still the norm, ensured that retirement would be prosperous.
Whatever this generation wanted, this generation nearly always got.  ........

source: the economist over https://archive.is/aWdik#selection-1079.0-1093.67

Is it possible that the economist forgot about some classes? 
Or is the UK mainstream really like that ??
I mean there's a lot of truth regarding the economist's article, and for one, this isn't just the case for UK, pretty much every country out there was in some sort of Financial Golden Age where it's just way easy to earn money and things don't cost a lot, which is what they were probably talking about.

On the same note let me just give you an example, this isn't necessarily an experience of someone in the UK, but from some boomer in the Philippines. Initially her husband died from causes I wouldn't really have enough time to discuss with you, nor is it relevant, and she was shunned by the husband's family, forcing her to move to a different city, with 4 kids and a bachelor's degree. Back then employment wasn't as hard as it is right now, but having 4 kids depending on your attention is a massive toll, so you can't really look for a structured employment. Despite this, she was able to make an honest living out of washing people's clothes, and despite how fucked up the situation is she is still able to buy an 80 sqm house and lot. That's my fucking grandma right there. Now, you try and do that thing in this economy.
188  Bitcoin / Bitcoin Discussion / Re: Do Ordinals and Runes help Bitcoin to be a better system of electronic cash? on: April 01, 2024, 03:27:49 PM
We all know that these additions to Bitcoin Core have slowed down transactions and made transactions more expensive.

What is the justification for them?

Why are they being added when they make the network less efficient?

Just to reiterate what the people before me have already stated, these "additions" aren't included to the bitcoin core, and hence are not part of its main protocol, these are added features/perks which personally speaking, are made to just limit test bitcoin and nothing else.

All this time bitcoin was only good at one thing and people never dared to explore the implications of let's say, having more features than it being an electronic cash system. Ordinals, although unhealthily, challenged that notion by introducing the NFT narrative to the equation and we since then realized that because of the limitations, mainly the block size, we can't really reliably support other forms of crypto product in the bitcoin network, as compared to versatile protocols like Ethereum and Solana.

So yeah, it didn't contribute anything towards bitcoin's standing as a P2P payment system, it tried to break the mold, but that turned out horribly wrong, and as of now our eyes are opened to the fact that unless we work on bitcoin's scalability issues first, we're not going to get anywhere.
189  Bitcoin / Bitcoin Discussion / Re: Sam Bankman Fried (scam banker fraud) 25 years on: April 01, 2024, 03:10:56 PM
so the sentencing is in.. and it seems he is getting 25 years. good(shoulda got longer)
obviously he will try and appeal it. but atleast he isnt going to get to play CEO again any time soon (he was hoping to be allowed to be free to get back to business to 'make everyone whole' unpunished)

this might make a few other scammers realise trading in crypto does not alleviate them of the law, a scam is still a scam no matter what the asset/value/currency is
Sharing my sentiments regarding his jail time, pretty sure he deserves at least 50 at most, but I'm no law graduate nor a law student so I don't really know anything about the stipulations and all that shit. I'm just happy to see him rot in jail. Pretty sure the girlfriend who looked like that one character from Ice Age deserves her own set of jail time as well, but I'm guessing she's using SBF as a scapegoat so she can get away with the crime scot-free, even though she was an active accomplice and there were evidences of her being actively involved in the massive crime these two fucks and the sham of a company they created did.

As for being able to found his or be an executive for companies in the future, I would also like him to be barred from ever having a business ever again, and as much as that's fucked up I think he deserves it. If we can bar people from having access to the internet for even less, then maybe scammers like these shouldn't be allowed to set up their own business, nor use their infamy or likeness in the future to paint a narrative that would support yet another business venture they can use to scam people.

Finally happy that he's fucking one already, but this is just the start in cracking down against people who would think of crypto as a way to make money illegally. I once again share your sentiment, they are not exempt from the law.
190  Bitcoin / Bitcoin Discussion / Re: Bitcoin is A Beacon of Hope for the Present and Future on: April 01, 2024, 03:05:14 PM
I was reading some text by Victor Frankl and in it he believed that the most important thing we can do for our fellow human beings is to give them hope for the future. With regards to the bitcoin, its purpose is in line with this idea. In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.
Here we go again with treating bitcoin as if it's the second coming of Jesus Christ.

It's good and all that we revere bitcoin to a certain degree, to a lot of us here, we can deny how it changed our lives for the better and that's one big truth, but, making out bitcoin as some sort of ticket to financial freedom just isn't right, even though we have people here who fllipped millions of dollars thank to the cryptocurrency giant.

The thing is that, when you paint the narrative that bitcoin is nothing but a cash cow that people can use to instantly earn money whenever they please, you're inviting the wrong community of people to the industry, the ones that are not healthy for crypto in general as they will only be here for the instant profit, and when they can't get that, they'd cry and complain and spread FUD and lies wherever they go, which is not good for the industry. So if you want to dial in with the right community and set fair expectations towards those who just got into crypto right now, stop with the narrative that "bitcoin is the hope of the future" or "bitcoin is the answer to poverty", it's not. Your financial freedom still lies in your hands, work your ass off and be smart about money.
191  Other / Archival / Re: Are investors investing in Bitcoin at ATH now are fools ? on: April 01, 2024, 02:41:08 PM
Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
Bro, you guys are overthinking this ATH as if it's the end of the fucking world if you missed out on investing at a lower price point. We've been dancing this tango for a little less over a decade now and you know for a fact that 1, this isn't the end for bitcoin just yet, as we're still about to reach another ATH soon as the bull run finally commences (yes, I believe we're still far from the real bull run and this one's a pseudo-bull that is caused by the massive anticipation of the people for the upcoming Halving) and 2, we're yet to even reach the Halving period yet, why are we assuming things when the prerequisites haven't even been met yet?

Chill out on calling people dumbfucks just cause they played and invested in crypto a little later than everyone else, at the end of the day as long as you don't sell, or you sell strategically while keeping one foot at the door you're going to be safe from missing out and you'd be able to earn money, if that's what you're really worried about. I myself would watch this whole thing pan out first, and from there either strategically sell my crypto and buy in at a lower value for more profit, or just keep on buying more despite the high crypto price. What always matter at the end of the day isn't when you bought your crypto, it's always if you bought crypto in the first place.
192  Economy / Speculation / Re: Is the current bitcoin bull run confirmed now ? on: April 01, 2024, 02:34:29 PM
We had bitcoin touching even $70k not long ago. It has almost doubled in few months. Is this the sign of current bull run. Or we can expect even more movement and then the bull run will be confirmed ?
I wouldn't be so sure to announce bitcoin's up to its bull season this early, we haven't even crossed the halving which is a massive defining factor at least for me (cause it historically fucks with a lot of investor's mentals, causing them to panic buy) to decide whether we're already inbound for bitcoin season.

There's a pattern that CZ, former CEO of Binance has stated which would signify an upcoming crypto bull run, first there has to be a massive pump, in anticipation for the upcoming halving, and perhaps any other early narrative that's up and running by then, people will panic buy, people will want to have a spot before shit hits the fan and they lose out on a lot of money, but then, the halving comes around, their bitcoins didn't increase in value, they'd start thinking this is all a sham and they'd either panic sell, or hate on bitcoin causing more FUD and even more panic selling among the weaker hands. When that resolves, the remaining players on the field stick with bitcoin through thick and thin, developing or discovering yet another awesome narrative that would open the market to millions of people, at this period, you can safely assume that bitcoin's already bound for its bull run.

Since we're still far from Halving, I wouldn't say we're in there yet, I'm personally bracing for impact as we get closer and closer to the fated date and the expected panic selling among people, but oh well.
193  Bitcoin / Bitcoin Discussion / Re: Good or Bad - Blackrock Buying BTC on: April 01, 2024, 02:27:34 PM
So right now it seems the corporations want all of BTC. With Blackrock buying lots and lots of BTC. I consider this a catch 22 and a mix of good and bad.
What are your thoughts on this?

Sure for anyone who hodls  BTC and Blackrock buying more, value goes up. so it works for people already holding BTC.
Yet it makes it harder for others not in the market yet to buy more amounts , they will have to consider buying less now if on a budget.

Is this a case of too much too soon? or do you think Blackrock a good thing? thoughts?
Generally, a larger company, even something as heinous as blackrock buying into the bitcoin narrative and the crypto industry spells good news for the industry, and what better time than have it coincide with the upcoming halving and crypto bull run, which is why some people in here think these ETFs are what's going to be the narrative for this season's bull run. So in a manner of speaking, it's a good thing and we could expect bitcoin increasing in value over time.

However, since the market's gonna be opened to people who generally have little to no idea with how crypto works, we could expect a lot of panic buys and sells coming our way, so pretty sure this season's going to be a really tumultuous bull run for a lot of us. Add to this the fact that this is yet another outside power trying to use bitcoin for their personal profit, and we got ourselves a not so necessary evil coming our way, making a general mess of the whole crypto situation.

Oh well, I reckon it's gonna be time until we find out if these ETFs are for keeps or if they're going to pull it out once they figured bitcoin's too decentralized for them.
194  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: March 31, 2024, 11:54:02 PM
AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?
Quite possibly, I can see specifically-trained AI being used to make formulated guesses to predict game outcomes for profit. I already saw it happen in particular with football games, and although the predictions are a massive hit or miss, it's still possible that given enough data and time to train the Artificial Intelligence with, a passable, maybe even highly reliable rendition of this algorithm could be made in few years' time, which would mean people are going to profiteer out of the gambling industry, with people trying to use the AI to earn money with it, either by using it directly within the casino, or by selling it to some down on their luck schmucks who think this is their ticket to financial success.

I can see it ruining gambling for a lot of us, since why bother working for your money when you can automate everything, from predicting and making your picks to locking them down and playing the waiting game? It's just a matter of time before this becomes a reality, and when that happens, I'd gladly swear away from gambling.
195  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: March 31, 2024, 11:49:45 PM
Hi everyone,

Gambling has become very popular in the world , especially after the changes that have occurred over the years with modern technology and the abundance of games, we can now gamble with one push    anywhere and anytime . More money is flowing to sites and casinos in huge quantities, and everyone’s goal is to win more ,As is always known, if there is a loser, there is a winner, and I don't think that the percentage of losers is greater than the winners .

Is this true gambling is not place to make money is place to lose it?
Bro, just use your common sense, you're out there trying to win on a 55/45, sometimes maybe even 60/40 or 70/30 odd placement with the edge being on the casino, chances of you winning and securing all your wins in the process is as low as it can be, you really think you can make money out of such a setup consistently?

And no, it's not just because of the internet that people are starting to gamble more, it's the fact that living in this day and age has become so hard that some people, especially from impoverished and underdeveloped areas/countries do not see any way whatsoever to consistently earn money that they think landing a one-time-big-time jackpot on the casino's their only ticket to a better life. It's been historically proven countless of times that in times of great economic and employment turmoil, people resort to more desperate means of earning money to support themselves and their families. Is it their fault that they think this way? Possibly, but are the casinos, the government, and the society profiteering off of this sad reality instead of doing what they can? Yes.

196  Economy / Gambling discussion / Re: brazil sanctioned law that taxes online betting in the country on: March 31, 2024, 11:31:19 PM
Since last year, here in my country (brazil), it has been discussed by the senate and from what I researched, in 2024/jan the law came into force that taxes bets of any nature involving online and physical bets. (link)

The purpose of the law is to increase legal security in the betting sector in Brazil, (taxing revenue from bettors for the government? LOL)

In nutshell: bettors will have to pay 15% on the winnings received from any bets, regardless of whether the reward is small or large, and companies will have to pay 12% on revenue.

This is for physical bets or bets made online.

Lula (thief corrupt president) vetoed income tax for winnings from bets of up to R$2112 (~425 USD) per month.

The funny thing is that he didn't take into account the loss that bettors have before calculating the tax (that's a lot of bullshit).

Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right?

What do you think of this? Is there any regulation in the betting sector in your country?

Do you think the government should really collect alternative sources of income from its citizens such as online gambling?


Don't think of this as your country messing with your shit (although in a manner of speaking it does look like they are messing with your shit) when the main intent of this is to deter people from gambling. As much as the government wants to earn from casinos and gambling taxes, they still know that it's way better for a citizen to be employed and productive, which gambling couldn't provide by a longshot. So in that regard,  they impose these hefty tax laws upon the people not only to bag more money which, in an ideal world, is used to make the country a safer and more livable place (although let's be real here, we all know this money's getting into someone's pockets) but at the same time it also deters people from gambling, cause now you guys are thinking that even if you win a lot, your country's going to take its piece of the pie no matter what, and you did all the heavy lifting so what gives, yeah?

I can see the vision of why they did this, and if successful, this could be emulated by other countries as well especially those with high crime rates and people who are subjected to gambling, prevention is better than rehabilitation and cure at the end of the day.
197  Economy / Gambling discussion / Re: Have you been kicked out of a casino? on: March 31, 2024, 11:14:18 PM
Hi community,

We always hear about a gambler who has been harassed, expelled, or banned from a casino for a number of justified or unjustified reasons. There are those who have been banned for violating the laws or internal regulations of the casino, or for suspicious actions that negatively affect the course of play, or chaos inside the casino, or for other unknown reasons.

Have you been in this situation before?
It's a pleasure to hear your story.
Nope, not planning to at least in the foreseeable future, since these casinos have a congregation/organizations where they tally repeat offenders and literal destructive players, which means if you get banned on one casino within your area, there's a good chance that all the other casinos within your vicinity's going to put you on a blacklist as well to protect their patrons, and sometimes even other casinos from far-off places will restrict you from playing in their turf, plus it's way easy to get arrested in a casino since they're guarded from top to bottom by elite security details that would apprehend you in the first sight of resistance or belligerence.

Sorry about not having a story to share regarding getting kicked out of a casino, but I bet it's way more important to just understand the gravity of being banned in multiple casinos than learning about other people's stories, cause most of the time and I tell you this, you're banned in a casino because of your own doing. You shat on the floor, you cheated your way out of a victory, you have a system at play that allows you to consistently earn money out of a casino you play with, all of these are bannable offenses that would get you a deserving exile from brick-and-mortar casinos, so if you still want to have your casino rep be safe and intact, don't be stupid, any grievances, air it outside or through the appropriate channels.
198  Economy / Gambling discussion / Re: Which player are you? on: March 31, 2024, 11:04:14 PM
Do you prefer games where you know right away whether you've won (or lost) casino style, or do you prefer other games like sports betting? Do you have any other favorite games?
I don't like sportsbetting that much, cause besides placing the bets you don't really do much to "earn" your win, so the wins aren't really that much fulfilling for me, watching the games also ruin the whole essence of the sport for me as well, as instead of watching the games to closely observe how they play, (in my case I only make sportsbets on eSports games like Valorant and League of Legends), I instead watch the game to closely observe and see for myself if I will win or not. This makes me harbor more hate towards my fave team which I shouldn't, all because I blame them for not bagging the win, when they literally have nothing to do with me.

By consequence, I love casino games more, the fact that my win is directly correlated to my hand and my own luck, plus the massive well of anticipation I experience when I play, among other pleasant things make gambling a much more fulfilling experience for me when I do it with casino games. I live for the adrenaline rush, and sportsbetting just doesn't cut it for me, which is why I choose to play games on my own and see for myself how they pan out. That way, either I only have myself to blame for the losses, or I can proudly claim that it was because of me that I won these games.
199  Economy / Gambling discussion / Re: Patience can help alot on: March 31, 2024, 10:56:11 PM
The game of gambling isn't something that people with low patience can survive be it the different types of gambling @sports betting  @casino games like dice and slots, patience is still the key to survive. Sometimes anxiousness and anxiety can make a gambler take decision that he might end up regretting.

Today I experience this ill feeling although am okay now but I thought I should share my experience and thought with some of the gamblers here to see if we are on the same page.

I made a very wrong decision on a game I staked today and this is unlike me because I don't normally check on my games until its settled because sometimes you will tempted with some crazy things like cash-out which is what I did today and although you won't blame me to some extent but still if I was patient enough as the final results if the games came through and Instead of winning the whole money, I got only a fraction of the funds.
I don't think patience is the virtue to look for when you're gambling. It should be temperance and self-control.

When you gamble, you don't anticipate that much, but what you do is instead wish for the wins to come your way, when the wins didn't come, you gamble again and again without even looking back to just how much you've already lost trying to chase that bag, eventually you lose your shit, and then you lose your mind. and when that shit happens to you, you're already halfway there towards Gambling Addiction land. When you're more controlled and tempered however, you're unfazed by the losses and hence in a better mindset to play, that even when you do lose money you're not that eager to get it back, what you're in it was the thrill and the fun of it, and nothing more.

Sure, in some situations patience could help a lot, but it's not patience that distinguishes the good gamble from a bad one, it's self-control and knowing that you have your own limits to never go overboard of or else you're risking yourself to more trouble.
200  Economy / Gambling discussion / Re: Can we still truly achieve anonymous gambling in crypto? on: March 31, 2024, 10:46:07 PM
Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?
Long as the casino you're playing with isn't using your information to peddle ad-sense and information brokers on the internet, you can always count on crypto casinos to really take care of your information and protect your anonymity. Sites like Stake and Duelbits do their shit at the utmost level to make sure that no one's getting a hold of your information, despite them being KYC-prerequisite casinos. Personally, the risk of playing with a scam casino in the search of a casino that doesn't use KYC severely outweighs the risk of getting my information brokered when we're literally in the age of access where you're one facebook profile search away, So I don't really go out there making it a problem that most crypto casinos nowadays require KYC.

At the end of the day, we all want to gamble safely and be fairly compensated for wins that we're bagging, in search of a No-KYC crypto casino you just might stumble upon shady platforms that are made to lure you in with the promise of fast withdrawals and no-KYC, then next thing you know, you're banned in their casino without you even knowing the reason why, and by then you can safely assume you're fucked royally. Would you really choose that over just jotting your personal info for a few mins, when you pretty much do the same thing every day?
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