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1941  Economy / Gambling discussion / Re: An alternative to gambling with money. on: August 10, 2022, 02:53:51 PM
Since you people can't gamble because of the lack of money, this means that this idea of gambling with fake money suit you the most. If gambling is available to you with fake money, will you people gamble and get some entertainment? Since you will have nothing to lose, you will enjoy gambling the most. However, i wonder what will the gambling casino earn if they allow gambling with fake money:Smiley

Not a good idea to start either, I mean they are doing just fine even without these fake apps with fake amounts of money, and using these kinds of apps will just put fuel in their hidden desires towards where the real gambling is. I understand the motive and what you're trying to say but the solution you're trying to offer will probably destroy their lives if it turns out that they will be curious about gambling.

I personally think that if a person is gambling with fake money then he won't be so addicted to gambling at first place.
Why I am saying this is because when you gamble with real money it gives you a thrill which in turn gives you the adrenaline rush which fake money cannot provide.
So the probability of addiction through gambling with fake money is really low. The human mind only produces dopamine when we are getting a reward out of something.
Money is the reward in gambling. If there's no real money then there's not enough dopamine to get us into the addiction stage.
Most probably after one point we will get bored by playing the games.

Yes, that is also possible and yes it's true that only real gambling can only give us the thrill we seek as it's where we can make real money despite of odds that are against us. But there's also a big possibility that a person will be tempted to go where the real deal is because he or she will start to believe that if he can win in fake gambling, then he or she can also have the same win in the real gambling with the same technique.
And come to think that you would really be having those mad or sick type of betting when you do know  that you do have fake funds which it would really be having no emotions attached and when you do win or

hit big multipliers then the main thing that would come up into your mind is that you should really be doing this in real funds and would expect that it would be ending up on the same results and making your hell of

a rich guy.Am i  right? We are naturally born greedy deep inside but there are ones who do able to control and there are ones who arent thats why ending up on bad decisions and outcomes.

Yeah you guys are right from that perspective. I guess its the same with trading too. We trade with small amounts in the beginning but as we start to make big profits our greed increases.
We tend to start making trades with bigger amounts and the same happens in betting and gambling.
So there are chances that if we start making profits with fake money then we might as well start gambling with real money as well.
1942  Economy / Gambling discussion / Re: An alternative to gambling with money. on: August 09, 2022, 04:49:29 PM
Since you people can't gamble because of the lack of money, this means that this idea of gambling with fake money suit you the most. If gambling is available to you with fake money, will you people gamble and get some entertainment? Since you will have nothing to lose, you will enjoy gambling the most. However, i wonder what will the gambling casino earn if they allow gambling with fake money:Smiley

Not a good idea to start either, I mean they are doing just fine even without these fake apps with fake amounts of money, and using these kinds of apps will just put fuel in their hidden desires towards where the real gambling is. I understand the motive and what you're trying to say but the solution you're trying to offer will probably destroy their lives if it turns out that they will be curious about gambling.

I personally think that if a person is gambling with fake money then he won't be so addicted to gambling at first place.
Why I am saying this is because when you gamble with real money it gives you a thrill which in turn gives you the adrenaline rush which fake money cannot provide.
So the probability of addiction through gambling with fake money is really low. The human mind only produces dopamine when we are getting a reward out of something.
Money is the reward in gambling. If there's no real money then there's not enough dopamine to get us into the addiction stage.
Most probably after one point we will get bored by playing the games.
1943  Economy / Gambling discussion / Re: [Discussion] Should Gambling be Banned? on: August 09, 2022, 04:41:24 PM
The thing is that even if gambling is banned in any country there will still be people hosting gambling activities.
So in a way, gambling cannot be banned completely so why not just regulate it in a way that people are restricted from gambling too much.


- That's what I'm wondering mate, why in other countries do they legalize gambling like casinos, then in others, it's illegal instead. If it will help
  the country's government, why not regulate it if it will add to the country's economy? Although we know that this is bad in the eyes of children
  or young people, all that is needed is to guide them to the right and not to the wrong.

- Then if the acquisition of a gambling site from a KYC gambler can be said if it is okay as long as a gambling platform is regulated in that
  country, because if not it seems a bit risky and should not be given.

There are only two possible reasons why I think that the government decide to ban gambling instead of regulating it.
1. The government is too concerned about it's citizens and want to stop as many people as they can to get involved in gambling.
2. The owners of those gambling casinos are not bribing the government enough so the government eventually decide to ban gambling instead.
1944  Alternate cryptocurrencies / Altcoin Discussion / Re: Eth could take over BTC or not on: August 08, 2022, 04:34:55 PM
With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin? Oh also there will be max supply for Ethereum finally too, or is this expectation of mine way too high.

That's a question many people have asked several times over the decade and the answer is quite simple.
For the time being ETH cannot over take BTC in terms of price and marketcap.
But we don't know about the future so "may be" if things go in the favor of ethereum then there are some chances for it to over take BTC.
1945  Economy / Gambling discussion / Re: [Discussion] Should Gambling be Banned? on: August 08, 2022, 04:28:19 PM
The thing is that even if gambling is banned in any country there will still be people hosting gambling activities.
So in a way, gambling cannot be banned completely so why not just regulate it in a way that people are restricted from gambling too much.
The same goes for online, there will still be accessible for them with the use of the tools like VPN. A gambler will continue what he has been doing despite the ban and no one will know about it unless there's a tracker that will figure it out who are the citizens that are accessing casinos online and violates the law.


Yeah that's right. Whether it be gambling online or offline at a physical casino, both can still be done with it has been banned by the regulatory authorities.
In fact, there are people who has found a workaround to keep the gambling business running.
In one of the cities in my country they are operating gambling casinos on ships which are on waterbodies since gambling casinos are banned in land area.
Isn't it funny and witty at the same time. Who would have taught that the government would really allow gambling in this way.
1946  Economy / Gambling discussion / Re: An alternative to gambling with money. on: August 08, 2022, 04:19:23 PM
This is not a good idea in my own opinion, it is better to abstain from gambling if you looking for a way to take a break, or minimize loses but to some point gambling with fake money does not help the gamblers in any way.
In theory this is something that it could work, the issue is that the reality many times differ with what we can expect out of our theories, gambling with play money may seem like a good alternative as you are not spending money when you gamble and it may seem that over the long term you will reduce the amount of money you use to gamble, however most of the time things happen tin the opposite order, people begin to gamble with play money and then after some time they decide to use real money for their bets, so while using play money instead of regular money may seem like a good idea it is nowhere near as practical as it may seem.

Gambling with real money provides a thrill which gambling with fake money cannot provide.
While the motive behind this idea is really good it simply can't workout because of the mere fact that people gamble with real money to have that adrenaline rush which fake money cannot give them.

I live in the community where money is very very hard earned. Lots of people live below the poverty line so they are always struggling to make their ends meet.
So we don't have much left to spend on entertainment. The most - people do is eat out and go to cinema.
We dont gamble and we cannot throw money away life rich people and people living in developed country does.

Since you people can't gamble because of the lack of money, this means that this idea of gambling with fake money suit you the most. If gambling is available to you with fake money, will you people gamble and get some entertainment? Since you will have nothing to lose, you will enjoy gambling the most. However, i wonder what will the gambling casino earn if they allow gambling with fake money:Smiley

When you are gambling with fake money we are mostly considering it to be an online gambling website.
Since they don't use real money they get their income from the traffic generated on their website.
Also, they might use ads to get an additional income from their website but this is mostly it.
1947  Alternate cryptocurrencies / Altcoin Discussion / Re: When will people finally abandon Tron? on: August 08, 2022, 03:29:28 PM
I personally think Tron is a good coin because of the low fees required to make the transactions.
I have many times bought Tron to transfer my holdings from one place to another.
Tron has saved me a good amount in fees when compared to other coins.
1948  Bitcoin / Bitcoin Discussion / Re: How Whales Store Their BTC on: August 07, 2022, 03:54:16 PM
Considering that hardware wallets and air gap machines are the most secure wallets I think most of these whales would store their coins in these machines.
May be they are diversifying by storing their coins in different machines and storing them at different locations.
Nobody would announce their stored coins publicly anyway. So we can just speculate it.
1949  Bitcoin / Bitcoin Discussion / Re: Are Early Adopters rich? on: August 07, 2022, 03:50:46 PM
Isn't it quite simple that the ones who are still holding have become rich and the ones who sold early lost the opportunity.
At the same time, who are the early adopters really ? May be we are the early adopters too if bitcoin price crosses $1 million per coin in future.
So if we hold throughout then may be the people from future will call us the early adopters as well.
Strong hands will survive.
1950  Economy / Gambling discussion / Re: An alternative to gambling with money. on: August 07, 2022, 02:52:29 PM
This is not a good idea in my own opinion, it is better to abstain from gambling if you looking for a way to take a break, or minimize loses but to some point gambling with fake money does not help the gamblers in any way.
In theory this is something that it could work, the issue is that the reality many times differ with what we can expect out of our theories, gambling with play money may seem like a good alternative as you are not spending money when you gamble and it may seem that over the long term you will reduce the amount of money you use to gamble, however most of the time things happen tin the opposite order, people begin to gamble with play money and then after some time they decide to use real money for their bets, so while using play money instead of regular money may seem like a good idea it is nowhere near as practical as it may seem.

Gambling with real money provides a thrill which gambling with fake money cannot provide.
While the motive behind this idea is really good it simply can't workout because of the mere fact that people gamble with real money to have that adrenaline rush which fake money cannot give them.
1951  Economy / Gambling discussion / Re: Gambling winnings tax in the USA on: August 07, 2022, 02:44:33 PM
so recently I saw a news circling around the internet regarding someone from the US winning the lottery jackpot worth $1.28Billion, but then several days later, I saw this article. apparently the winner of the Lotto jackpot will only get $433.7M after the total amount of winnings is taxed. it's ridiculous how the government got more money from the lotto jackpot than the actual winner. I know that $433.7 million is still a lot of money but it is still disheartening how $800 million was taken away due to tax.

https://www.forbes.com/sites/robertwood/2022/07/30/winning-128-billion-lottery-ticket--gets-4337-million-after-tax/?sh=5582ea32028d


Even I saw this news on the internet a few days back and I was awe struck when I read that the government will be getting more than half of the lottery amount as tax.
Although $433 million is not a small amount and should still be good after tax deducted but it feels like this is not fair.
Why is the government taxing so much, it's almost around 67% in tax which sounds ridiculous to me.
1952  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: August 07, 2022, 02:40:41 PM
I got email that 360 days lock of FUN tokens just ended. My 7000 tokens turned into 8726. I don't really know what conclusion from it to draw. Through these 360 days I barely followed what's going on with FUN and development of it. So, I don't really knowwhat I should do now. It would be interesting to hear thoughts from other people who had locked their tokens.

Wow, that looks good. Even I had received a mail few days back saying that my locked FUN tokens for 360 days will mature next month.
I had locked 2500 FUN tokens which would give me 3116 FUN tokens back by next month.
It feels good to get extra returns on your investment. Although FUN token has gone down in price we can still hold it until it rises back.
1953  Alternate cryptocurrencies / Altcoin Discussion / Re: POLYGON’S MATIC or Solana on: August 06, 2022, 10:07:28 AM
I would say that both of these coins are pretty good and we should invest in both of them proportionately.
Currently I am holding more of SOL and less of MATIC but over time I am planning to increase my bag of MATIC.
It has shown some nice gains and is a worthy competitor and can turn out to be multibagger.
1954  Economy / Gambling discussion / Re: [Discussion] Should Gambling be Banned? on: August 06, 2022, 10:00:58 AM
The thing is that even if gambling is banned in any country there will still be people hosting gambling activities.
So in a way, gambling cannot be banned completely so why not just regulate it in a way that people are restricted from gambling too much.
1955  Economy / Gambling discussion / Re: Running household expenses with gambling on: August 06, 2022, 09:56:33 AM
Is it possible that we can run our household expenses with gambling ?

I am asking for those people who don't have any skill or job ?


Whatever the circumstances may be but I can guarantee that gambling cannot run a household and it can't be done for a living.
Income from gambling is unsustainable and temporary. On top of that if it is done by someone who doesn't have any skill or job then it would be very tough for him to survive.
Anyone can do serving as a waiter at restaurants which doesn't require any major skills.
But still it is considered as a decent job than a person who is not having any job.
So why not do a stable job to run a household rather than utilizing the money on gambling.
1956  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum (ETH) TVL Spiked More Than $10 Billion in July on: August 05, 2022, 02:51:41 PM
It seems like that those TVL was coming from people who believe if there will be another fork coin to come soon. As i seen from some sources if there was possibility for the new ethereum will come in the next fork which was around mid of september. It seems like those people were doing preparation for such event. I can't even deny that if i have some ethereum as well but using it in the ethereum decentralized application is too risky for now with so many dapps being hacked and stolen by hacker.
Some ETH miners are unhappy that the mining of this coin will soon stop and declare that they will fork so that mining can continue. However, this market already has Ethereum Classic (ETC), which continues to use the PoW algorithm and mining. Therefore, creating another similar fork would be redundant. We look forward to September 19, when the ethereum mainnet merge is scheduled, to look at the results of the biennial update. That is why, apparently, the price of this coin has been growing in the last month. I hope that this trend will continue in the future.

You are probably right because even ETC has seen some significant gains in the past few weeks.
May be there are people who want to switch over to ETC or may be there are people who want to continue with the fork since it will give them additional coins on the other chain.
1957  Local / India / Re: Choosing Better Crypto Projects! Here's Few Tweeks i use! on: August 05, 2022, 02:31:08 PM
There are two points in this post that I do not agree with you. The good old days are ICO already over and all goods projects get funded by Private Investors nowadays. It is very hard to find any good project. The best place to determine the kind of projects that are coming up can be checked on the Bounty Board.

Quote
Use Cases

I only look for projects that have use cases in the cryptocurrency ecosystem. I have seen many real word projects either dying out or being unable to sustain for the long term.

That's a good idea actually. We don't know how good coins with real world use cases might perform but we can actually get a really good insight for the coins with crypto ecosystem usecase. For instance using DOT for cross chain interoperability is quite a unique idea.

Quote
Quote
Non Repeated

There are several successful projects which are nothing but an upgraded version of an existing project. They have been very successful. It all depends on how effective a project is and whether is it able to solve the pain area.

Again, that's very true. Even I have noticed projects which are a better version of existing projects.
They performed really well when compared to previous projects. We just have to find out how the project is making the same thing better.
1958  Local / India / Re: High time to educate Indian investors | Meetup | Research on: August 05, 2022, 02:17:10 PM
There should be some motive or agenda behind the conference. It can't just be a conference to learn how to make transactions.
Any can find that information within a few clicks. Youtube has so many videos already.
But the idea of a conference is good but something more should be added to it.
For instance, an idea, on how bitcoin can be used to collect donations for a natural disaster occured.
Using a multi sig wallet to hold the funds with one of the top reputable and trusted people for the disaster relief fund.
Just an example, it can be anything else but should be more than just learning how to make transactions.
1959  Economy / Gambling discussion / Re: Will you stop gamble if your girl friend insists ? on: August 04, 2022, 01:07:09 PM
Dont you think it really depends on how much you gamble already. If your gambling addiction is high then may be your girl is right.
You should probably listen to her for good but if you gamble within your limits then there's no harm in it.
You can try to make her understand and even then if she wants you to quit then quit.
Relations should be the priority over gambling.
1960  Economy / Gambling discussion / Re: Rise of Streamers in Online Gambling on: August 04, 2022, 01:00:09 PM
Most of the times these so called streamers are being paid by respective casinos to promote their casino.
It's their joint effort to show that the streamer is making massive profits while in reality most of us lose money.
It's a strategy being used by many companies and works out well. As a user we have to be aware and only gamble within our budget.
Yeah, streamers playing on casino accounts and might have a fixed game to show users watching the stream know what happened when they win, the thrill behind it. Full of manipulate so I have a very bad view of any casino being advertised by streamers.
I don't even think so. It's not that streamers promoting the casino will always be a bad thing but yeah seeing how easy those scammers got max win will make people feel curious about what if they will get that max win. Maxwin was not an easy thing to be achieved and it's pure depend on our luck. I think that in this case it's not casino's fault. It's people's choice whether they wanna try that or not.

You are saying that you are okay if the casino is trying to fake it out by hiring a streamer for their promotion and advertisement.
Casinos are basically cheating the users since what they promote doesn't really happen when we gamble at their site.
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