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201  Bitcoin / Bitcoin Discussion / Re: Why is KYC mandatory in CEX? on: September 05, 2023, 12:46:55 PM
Privacy is important to users, but to centralized exchanges, they are like a company and they need to comply with the law if they want to stay in business. Furthermore, KYC also has advantages such as avoiding fraud, money laundering, hacking...KYC has many benefits. But what people fear is whether our identities are really protected by exchanges or if they are using them illegally. Everything has pros and cons and depending on each person's preference we choose CEX or DEX.
202  Economy / Economics / Re: Russia's economy is 'imploding' on export decline, economists claim on: September 05, 2023, 12:31:21 PM
~snip~

Invasion war to Ukraine still interested topic for discussing and reason why several European Union suspend with Russia from all sector, not only with economic side but also all kinds of Russia's sport have been banned.

It is the most shameful thing the US and EU have done, showing their stalemate in the war against Russia. I remember in all sports, especially football, they always uphold and uphold the spirit of not discriminating against race, color and putting politics aside to get the most fairness. But then, the US and the EU did things that were contrary to the principles and rules they had set for themselves.
The aim is to isolate Russia in the first place, with the aim of influencing it to change its positions. And I support this position if it had real results in reality, but we notice that the Russian government does not care about these measures and continues its policies of obstinacy, indifferent to the direct impact of this on its people in its various segments, especially those outside Russia.
At the same time, I find that it is an absurd measure, since it did not achieve results in previous experiences with Iran, for example, or Israel, since preventing it from major international events did not deter it from the atrocities it is carrying out.
If the international economic sanctions imposed on Russia because of its military attack on Ukraine seem absurd to you, because they do not give the desired effect, offer your options on how to get Russia to stop killing Ukrainians and return to compliance with international norms and rules of conduct. International institutions such as the UN are currently incapacitated. The UN, which is called upon to respond quickly to such acts of aggression, cannot even condemn Russia's actions, let alone expel it from the Security Council, if only because the Russian Federation is illegally in the UN, since no one is in this organization did not accept.
The rules and regulations are ours to establish. We can modify them if things need to be fixed. Suppose the US and EU do not use sanctions to restrain Russia's rise. Russia will quickly level Ukraine. I don't know what this campaign means. But Russia is destroying Ukraine and its innocent people. It is affecting the global economy. Putin also announced the withdrawal of Russia from the New START Treaty. What do you think if Russia used nuclear weapons?
Russia and Ukraine should sit at the negotiating table to make things better.
203  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: September 05, 2023, 09:08:53 AM

friendly countries between the two countries have made every effort to stop the Ukraine vs Russia war but it is difficult to stop a war between countries when each of them has interests that they want to protect and fight for (we can say they are very selfish), my country is far from Europe but the impact of the war between the two countries is quite felt in our country, things disturbance we have felt like the exchange rate of our country's currency, delays in import-export goods and also fuel shortages.

Actually the war has lasted more than it was expected the public but Putin seem to have felt it was a long battle and was prepared for it with the way he is still going on. He knows Russia has some important resources that the other European countries rely on and out side Europe like crude oil, grain. That of grain has really caused many food items to sky rocket high. However this is not the reason your country's currency has dropped. It perhaps dropped because of the policies from your government except there are third party trading of your currency to foreign currency like dollar to buy goods at your border, this can cause high exchange rate.

This war will be extended. I think this is not just a war between Ukraine and Russia. This is considered a war between NATO and Russia. President Putin believes that he has carefully prepared for this war and has solved the problem from the countless sanctions that the West imposed on Russia. Putin has launched harsh counterattacks on Western gas and food.
Russia's failure to agree to extend the Black Sea Agreement makes the risk of a global food crisis once again closer than ever.
204  Economy / Economics / Re: Elon Musk and the fall of Twitter on: September 05, 2023, 06:42:55 AM
It is very difficult to understand what Elon Musk actually wants to do with Twitter, I saw a few days ago that he changed the Twitter loggo.  Since buying the popular social media platform Twitter, he has laid off many employees.  I doubt he really planned to sell $20B for all the stock he had with Twitter. I think the huge amount of money he bought the Twitter platform would certainly serve his purpose.  I don't believe Twitter is going to collapse because Elon Musk is not one to give up so easily.  Of course he's thinking of some new changes to take Twitter one step further.
He bought one of the most popular social media platform in the world with a significant amount of money and after buying that social media platform many people lost their jobs and recently he changed the logo and name of Twitter. We know that Elon Musk has a space research company Space X. Maybe he changed the name of Twitter to match the name of Space X, he changed the name of Twitter to X only. Elon Musk must have some purpose behind buying Twitter because he never does anything without a purpose and since he has invested such a huge amount of money on just one social media, he is going to do something different with this social media in the future which is beyond our imagination.
This is not simply a social network for fun, entertainment, or a hobby for him, with the iconic X logo covered in mysterious black. This is probably an Internet revolution. Elon Musk will make it Web 3.0. Elon Musk will apply artificial intelligence and blockchain to achieve an internet connection as close to the real world as possible. It sounds far-fetched. But I believe with talent and madness, he will do something great.
205  Economy / Gambling discussion / Re: The madness of gambling addicts. on: September 04, 2023, 02:55:44 PM

I intend to punish those addicted to gambling who act against ethics, affecting society and even family members. They can do anything to gamble. They will steal or cheat to get money to gamble. They even kidnap and extort money. They stop at nothing to get money to gamble. I need really heavy legislation for people like that. Even their relatives punish them to prevent addicts like them from becoming criminals.

It is difficult what you are saying because the death penalty also doesn't keep people from killing others and get sentenced to death for murder.

I think if someone is willing to lose it all and even risk everything from someone else, including the health and wealth of others, they are probably so fucked up mentally that they need medical help and therapy at least in combination with legal consequences like jail or other punishments. The file isn't closed when you just send them to prison although that also helps sometimes.

Good point, not because there's strong punishment means those addicted people will stop. If the addiction already pollutes their minds,
it's hard to predict things that they can do.

I agree that more deep sanctions for people who are involved in addiction to be punished, they should
not be allowed to reason their addiction and justify what they've done. Better to send them to prisons or
rehab, since they are not doing anything right anymore.

Well, harsh punishment doesn't stop them, either. But we need laws to protect those around us. We cannot let them roam outside the law. Please put them in jail and be strict with those who commit too serious crimes. Be tolerant of those who know their mistakes but still maintain some morality. Get psychological treatment and help them overcome their addiction.
And the final punishment they will have to suffer if they do not know how to correct their mistakes. That's loneliness. No one will want to be near them, including relatives.
206  Economy / Gambling discussion / Re: Will the transfers to the Saudi league become a problem for European football? on: September 04, 2023, 02:14:26 PM
Saudi Arabia Pro League wants to dominate the football market, and they are trying to attract players to their league. Let's say they continue to spend money on players for the next ten years. Does the European Football Federation have any stars willing to stay?
FIFA needs to step in to manage the Saudi Arabia Pro League transfer market. Otherwise, the consequences will be unpredictable.
207  Economy / Services / Re: [OPEN] SINBAD.IO [Mix Your BTC Quickly] Signature Campaign | Up-to $200/w on: September 04, 2023, 01:06:03 PM
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208  Economy / Economics / Re: World economy is now being powered by cryptocurrencies. on: September 04, 2023, 01:01:42 PM
People's lives have changed a lot since the advent of cryptocurrency. Investing in crypto in particular has produced enviable results for many.


You need to know that cryptocurrency is a financial market, meaning there will be winners and losers, not everyone who invests in crypto will win. Those who invest in cryptocurrency have all changed, but losers have bad changes, so is it correct to say that it is contributing to the improvement of society and the national economy? Just like stock investment, foreign exchange investment, I have not seen anyone say that it improves unless you are serious about paying taxes to the government. And if you still avoid taxes, don't say it's good for the economy. A speculative market, and without practical application, cannot be said to be beneficial to the national economy.
209  Economy / Economics / Re: Stable coin or having USD in bank on: September 04, 2023, 12:45:06 PM
If you have your money in banks, you do jot have the complete control. If you save stable coins, most of them are centralized and you do not have complete control and they can fall out of peg and be lesser than the money they are pegged with they become. Example of the pegged coin was Terra Classic USD (UST) which was $1 before but now $0.01186444

If bitcoin price have increased, I can decide to convert some to USD or stable coin. Which one is better? Or is there other alternative which can be comparable with bitcoin in a way it would be independent and having full control characteristic.
It basically depends on what you aim to do with the money that you are saving up. If you are a trader, your best bet is a stablecoin of course, and one that you believe in or that is mostly being used by the market. But, if you are not planning on investing in cryptocurrencies or trading with the money, you should better buy USD and keep them in an account that is safe and that won't just eat up your money or asks you to pay fees or taxes every single time you might make a transaction.

There are a bunch of trusted stablecoins out there, the most used of them being USDT. The one you mentioned, UST, was a very bad experiment by Terra Labs because they didn't peg it with actual USD and wasn't backed by real assets kept as reserve but it was an algorithmic stablecoin that failed and made the whole project fail as well.
UST is not an experiment but a ponzi project and many people have spoken against it since DoKwon came up with the idea but people were blinded by the high returns and ended up falling into his trap. But other stable coins like USDT or USDC will not be safer than USD in every way since they are also pegged to USD. What happens when someone intentionally manipulates USDT or its network gets hacked? When comparing stablecoins and USD, USD is still the safest choice.
210  Economy / Gambling discussion / Re: Are successful gamblers seen as addicts? on: September 03, 2023, 01:38:06 PM
In my opinion, gambling addiction has nothing to do with the success of the gambler. Based on the mathematical analysis of gambling in the long term almost every gambler will lose to the casino or bookmaker. What success are you talking about? We are all well aware that gambling is not a job, which means in this area will not be able to earn consistently. Today you are successful, and tomorrow you lose everything. Or am I wrong?
Agree with you. Success in gambling of one who plays gambling does not make the person not to be addicted. Addiction in gambling is one who can't stay without playing gambling it doesn't mean if the game comes out successfully or not . One who succeeds in gambling must be addicted to gambling because I don't think it will be easy for the person to stop gambling. People get addicted to gambling because of the money involved in it, if success can make someone play gambling all time that means it is addiction.
He's not wrong, but many people think that if someone can win a lot of money and can win it more often than other people, that person can be said to be a successful gambler. However, a successful gambler cannot be said to be a gambling addict because at least they have many things that can prevent them from becoming addicted. Meanwhile, people who cannot control themselves will get addicted to gambling, which will happen in no time. People who are successful at gambling may be able to avoid gambling addiction because they know that they have the possibility of losing. And if they have lost, they can return to playing. Even in a matter of minutes, they will continue their gambling game. But a successful gambler knows that he cannot win games forever, so he must be able to stop after winning.

I call those people gifted and passionate. When they succeed in a particular field, "addiction" will no longer suit them. For example, we often gamble, and people say we are addicted. But still gambling regularly and adding winning titles and prizes in gambling competitions, the words to describe us would be completely different.
Another more realistic example. If you gamble, the win will be yours. Then your wife will say you're great. Conversely, if you always lose, your wife will call you an addict.
211  Economy / Gambling discussion / Re: The madness of gambling addicts. on: September 03, 2023, 12:35:16 PM
To me, such addicts need to be severely punished by the law so they do not relapse. Stop other addicts.
I think if you gamble in a country that prohibits gambling, maybe there could be a law that could make gamblers stop gambling because of course there are certain punishments for gamblers, especially addicts, but it seems that they definitely won't be punished severely, usually they are given advice by professionals to stay away from gambling so they don't. become addicted, even so, the addict will continue to gamble again in secret.

It's true that gambling addiction is almost the same as drug addiction, but the punishment doesn't seem to be the same, especially if you play gambling in a country that frees gambling, of course addicts won't be able to be severely punished because they play in countries that legalize gambling and have freedom. the only way is to let the addict go bankrupt so that he can more easily wake up from his addiction.

In place where gambling is legal there's no punishments if you turn into a gambling addicted person, what might happen is when you already suffer from too much addictions you may do things that is not usual, committing crimes just to please your gambling activities may take place, from that view, you can be punish and the government will be able to put you into a situation where you needed to face your charges, but if you are not into that far, professional help maybe the best solution together with your self-will.

What kind of punishments are you talking about? You mean you can get legal consequences for turning into an addict? I know that gambling in general isn't allowed in some countries, but where do they make a differentiation between addiction and normal gambling?

I guess someone who is seriously addicted and gambling away their financial existence really doesn't need any legal consequences on top of that. What should that even be? A financial penalty maybe? Cheesy
I intend to punish those addicted to gambling who act against ethics, affecting society and even family members. They can do anything to gamble. They will steal or cheat to get money to gamble. They even kidnap and extort money. They stop at nothing to get money to gamble. I need really heavy legislation for people like that. Even their relatives punish them to prevent addicts like them from becoming criminals.
212  Economy / Economics / Re: Are you risking investment in other things? on: September 02, 2023, 11:50:10 AM
There is a halving coming next year to which many people who know and have bitcoins have set a target of the amount they hope to have in their holding by the time the bull run begins. I like to know if with this knowledge of bitcoin halving coming, if anyone is investing in anything other than bitcoins. I do not mean alt-coin but things like Real Estate, stocks, bonds etc. I know that Real Estate is good to invest in, but asides real estate, what else are you risking the money you should to invest more in bitcoins on?

No, as some people here, I don't have too much money to diversify into other assets so I will invest it all in bitcoin. Of course, I only invest what I can afford to lose, not my entire savings and daily needs in bitcoin. I think diversification is not necessary if we don't have too much money, it brings no benefit other than diluting our profits. Just like talking about real estate, I wonder how many people here can afford to buy real estate to diversify their investments.
213  Other / Off-topic / Re: Keeping your gambling habit a secret. on: September 01, 2023, 01:18:23 PM
This won't work because once you get addicted, your families will question your stressful looks and where your money goes after you get them. Sometimes people who hide their gambling habits fall into debt because they don't want to ask for money from their parents siblings or friends and in the end, they will just know the truth because a person like this will lose every chance he has to hide it.
I have a real experience of this. I have seen a friend of mine who gambles constantly. When he lost all his money, he tries to borrow. He had enough respect that people would lend him as much money as he asked. But when he loses gambling again, he again borrows money from other people. Thus he gambled for some time. At some point no one lends him money. Then he felt very worried after losing the money and he took loan from various financial institutions. But when it's time to pay the money, he fails to return the loan money and all the lenders visits their house and the family learns about his gambling activities. Then his gambling issue was no longer suppressed.

I am the one who lends money to my friends to gamble. I know he is a gambling addict. When he came to ask me about the loan, he said he needed money to take care of his family. I put aside all doubts and gladly lend it to him. The last thing I told him was not to take money to play cards. The truth is that my trust was misplaced. I just lost money and lost friendships.

I am also a person who could be addicted to gambling, but my addiction never affects the people around me. Only sometimes, when I lose a bet, do I say bitter words.
214  Bitcoin / Bitcoin Discussion / Re: Would Bitcoin at this Price limit its Global Adoption? on: September 01, 2023, 12:46:57 PM
I don't think it's the price that limits Bitcoin adoption. There's a lot of external factors that contributes to why people don't want to invest in Bitcoin or why a lot of people still have no idea about Bitcoin. For me, the higher the price Bitcoin gets, the more people will be interested to learn and follow the trend. Since of course, if the price increases, news and updates on social media will be there that could get other people's curiousity. FOMO

Also, regardless of its price, whether it's high or not, people can still buy Bitcoin. It will just depend on how many Bitcoin or Satoshi they can afford to buy. So it's not really a limitation if they are really interested in Bitcoin since they can start from small or any amount they can afford.

Bitcoin price is not really a constraint on global bitcoin adoption. But the problem of bitcoin being too high is an obstacle for many new investors.
They have the misconception that the price of bitcoin has risen too high and investing in it is no longer profitable. So, they turned to investing in shitcoin and suffered unnecessary losses. But this happens not only to new investors but even old investors, I know a lot of people who are investing in shitcoins hoping to get high returns but don't dare to admit it here.
215  Bitcoin / Bitcoin Discussion / Re: Advantages of Bitcoin over fiat and local banks on: September 01, 2023, 12:37:51 PM
All your above-mentioned benefits of bitcoin could only be possible if you are not using a custodial service, because if you are using a centralised exchange to store your bitcoins or other currency and you expect things to be different from the banking sector, then you will be mistaken. When talking about the benefit and why it's good not to save on a local bank account, it's almost the same thing as why you shouldn't have funds where you don't have a private key or phrase. NOT YOUR KEY, NOT YOUR COIN Not your control, not your money.

I guess it will be more appreciated if you can outline your statement clearly and differentiate between the use of a custodial system and that of a non-custodial system, as many people see the use of bitcoin and other currencies as the same, irrespective of where they are being saved or used to transact with them.

I get your point @Nwada001 but It has never been advisable to store your funds in exchanges that are centralized. Bitcoin has a decentralized system, but it all depends on how you choose to store your Bitcoin.both the centralized and decentralized exchanges has different futures and functions thus many people has different choice depending on what best suits them. The banking system offers you less choice as compared to what Bitcoin system has to offer.

Many have said here in the forum that it is not good to store Bitcoin on centralized exchanges, even though it is one of the top exchanges in this field. It's been years since I read such words of warning in the communities here, and I don't see anything wrong with this warning.
That's why we can't stop others from storing in centralized exchanges like Binance; even I have some stored in this exchange, but it's not a big amount, because it depends on trust and belief in the exchange. Also, this Binance exchange has been in the business industry for a few years. I would rather store here at this exchange than at the bank, to be honest.


There is no difference between storing assets on centralized exchanges and banks, even I think the opposite, storing assets on centralized exchanges is a lot more risky than deposit money in the bank. In short, there is no big difference between these two as it is no longer your money, you are no longer in full control of it.

I do not agree with the idea of leaving money on exchanges but I cannot deny that we still need to use CEX and banks. They are still useful to us in many use cases.
216  Economy / Gambling discussion / Re: The madness of gambling addicts. on: September 01, 2023, 12:26:18 PM
    -   It will not be beneficial if a person continues to gamble after addiction has developed or entered their personality. And any addictions that were treated improperly are no longer considered to be normal. In addition, the outcome will undoubtedly be abnormal. Imagine, it's insane to kidnap your own daughter. Yuan has done it, and he didn't think that he had done it to her daughter or even her own blood.

Because a normal, rational parent would never subject their own child to such abuse. Such a person who suffers from an addiction needs counseling and rehabilitation to become better.

Imagine a smoker who has become addicted. On the cigarette pack, it is stated the implications of smoking, but since it is something you can not do without even if you know the risk, you will not bother. Once the addiction has eaten deeply inside, the problem has only just begun. Getting out of that shithole addiction is going to be hard. Once it has already become a lifestyle, nothing else can be done without serious decline.If a parent is aware of their addiction and understands the consequences, they will not want their child to end up in the same situation as them.
It is outrageous that gamblers cause such dire consequences. I honestly don't believe she could kidnap her daughter. When a person is addicted to gambling, they will run out of money and material things. They will stop playing. I don't think gambling addiction is as harmful as drug addiction. It can cause people to do such immoral things.

To me, such addicts need to be severely punished by the law so they do not relapse. Stop other addicts.
217  Economy / Gambling discussion / Re: Behaviours of gamblers you dislike. on: September 01, 2023, 11:55:13 AM
Irresponsible gamblers. I'm fine with you gambling as long as you are responsible with your decisions and actions. But gamblers who really get hook in gambling and eventually they will forget about their other responsibilities that they would spend majority of their money or income in gambling alone. I wouldn't care if you're struggling financially because of gambling if you're the only one who's affected by your actions. But if a person is being an irresponsible gambler affecting people around him like his family, that's what I hate.

Also those who talks a lot. Boasting about their winnings or good experiences in gambling too much. Thinking they're above you and such

Yes, I have the same thoughts as you: people who gamble irresponsibly. They cannot solve the consequences they cause and can only satisfy their addiction. They bring all their family's money, ask for help, borrow money from people around, and promise prestige. In the end, that promise seemed fleeting. When they do so, they significantly impact the lives of others. And their whole family. Those ingredients are the reason why people hate gamblers so much.
As for those who brag, they are only temporarily lucky. At that time, they will regret being too proud of themselves.
218  Economy / Gambling discussion / Re: History of Gambling From Ancient Times to the Digital Age on: August 31, 2023, 01:51:06 PM
Gambling history of countries worldwide is different from the moment it was born. We simply understand that gambling is easy to form. Each custom and each country will create various gambling regulations. We should realize Gambling is simply a game that anyone can play. For example, something as simple as predicting blue or red is also gambling. Today, the digital age helps players gradually find more similarities in gambling. I believe that as society develops more and more, countries will gather together a gambling game formed by the players themselves. Sometimes, remote places still preserve their country's traditional gambling games.
Yes, it's true that every gambling game always has its own history, from the past until now, of course it was only created to give pleasure to the players, whether it's traditional gambling games in each particular region in each country or other gambling games. Until now, technology makes it easy for gamblers. can access and gamble anywhere, anytime, just in a hand like a cell phone.

But what we see now is that people forget that the purpose of casinos and gambling is only created to have fun, not to make money or be used as a place as a source of income, that's why a lot of gambling has changed a little now, it's more synonymous with making money, not for having fun. I'm happy to see the development of gambling so that now it's easier for me to gamble using my cell phone, unlike before, I had to gamble physically, it's easier for the local police to break it up.
If gambling is used for entertainment, I think the reward for the winner should be something else. Money should not be used as a reward. Today's casinos are made to make money, and there will be no playground for entertainment.
If gambling today were an entertaining game, we would have seen the smiles of players when they lost as well as won. What we see is that when a player falls into it, they will become an addict. It causes a lot of trouble and sadness in their lives.
219  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: August 31, 2023, 12:59:09 PM
The Chelsea team is currently performing exceptionally well. The team's attack is now more balanced than before. Enzo Fernandez is doing great. The team can be expected to do well.
They won yesterday's game with brilliant performance from the players, we experienced full dominance from chelsea against AFC Wimbledon. The blues are really trying to comprehend the whole current situation. Building a club with young players and enacting a new game strategy for the team is necessary and challenging to deal with all at the same time. Mauricio Pochettino is doing a good job for the blues, all the fans and Todd Boehly needs are to exercise patience with the new boss, nothing else. Chelsea needs time before finally examined certain progressive measures.
Chelsea's performance has not been really impressive recently. They have won one win, one draw, one defeat after three rounds of Premier League matches. In this match, they worked very hard to win at Stamford Bridge. The opponent took the lead before the stalemate of the home team. Pochettino had to put a few key players on the field, and Fernandez scored to help Chelsea officially turn the tide. Anyway, Chelsea solved the game in 90 minutes and did not lose face at home.
220  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: August 30, 2023, 02:33:30 PM
Liverpool just experienced an unbelievable victory over Newcastle in the 3rd round. Despite being led and playing few people, Liverpool were still determined to win 3 points. But look at the squad Liverpool needs to be better at now to compete with the big teams. So, they must try to bring in some quality rookies before the transfer market closes. Their defense still needs to be stronger.  Typically, in the last match, Trent Alexander-Arnold made mistakes. The void reappears. Therefore, Klopp needs more cover for the defensive midfielders and the flanks.

What a crazy game it was! The most important thing is they managed to grab three points, but to be honest the match wasn't easy to deal. So now, Liverpool really needs to roll up their players and make their team stronger. It could really help if they bring in some good players before the transfer window closes. Right now, their squad is one of the smallest in the Premier League. But we know that it's not just about having tons of players, it's about having the right ones. anyway, Klopp should definitely pay some extra attention to level up their defense.
I appreciate Liverpool this season. They can return to challenge Man City in the championship race. They are keeping an eye on Ryan Gravenberch and Kalvin Phillips. These are two names worth upgrading their defense. This week, they will try to bring in another defender or midfielder. If that happens, Liverpool could still be Man City's most formidable opponent this season.
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