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201  Economy / Gambling discussion / Re: [Participants Only] [IPL 2021] Prediction pool and discussion on: October 05, 2021, 04:10:15 AM
Local players especially openers doing their job almost everywhere tho. For Indian team perspective local middle order looks bust completely.

Yes.. I have also noticed this. I thought that the Delhi Capitals were a bit better, but that perception was shattered yesterday. Or it may be due to the fact that the teams are asking their best batsmen to move up the order? In T20, getting a good start is very important. And secondly, some of the players who did the fireworks towards the end of the innings (Hardik, Pollard, Russell, Tewatia.etc) are not in their best form right now. And finally, there may be something unique with the pitches in the UAE, that makes things hard for the batsmen towards the end of the innings.
202  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 05, 2021, 03:54:46 AM
The Delhi players did not try to hit too many boundaries from the start of the match as the target was low. If the target was big, their style of play would have been different. Even with such a low run target for Dhoni's experienced captaincy, it was very difficult for Delhi to win the match. If Hetmyre's catch was not missed then maybe Chennai was able to win the match. Because, Axar Patel can't bat well. He has collected only 5 runs from 10 balls.

That dropped catch probably decided the match. Hetmyer was the last recognized batsmen and after him, it was the tailenders. And I was really surprised, because it was a very easy chance. And Gowtham not just dropped the catch, but also kicked the ball towards the boundary. At the most it could have been one run, but his misfield cost the CSK an additional 3 runs. And these runs proved crucial in a match that was decided in the final over. 2 runs were needed from the last 3 balls. If the misfield was not there, then it could have been 6 runs from 3 balls, with Kagiso Rabada at the striker end.
203  Economy / Gambling discussion / Re: [Participants Only] [IPL 2021] Prediction pool and discussion on: October 04, 2021, 05:56:50 PM
This is becoming norm in this UAE leg, don't know if pitches are that slow or some other reasons but majority of teams and players struggling to keep up with the momentum and ruining the openers efforts.

I mean how many times we have noticed this in UAE leg so far? I would say plenty of examples in recent time.

Almost the same repeated today. But the Delhi Capitals somehow managed to win in the end (they need to say thanks to Gowtham, who dropped Hetmeyer and allowed the ball to sail over the boundary).

The end result is all that matters at the end of the day in any format in any sport. I don't think anyone expected SRH to pull of an upset thanks to their mediocre performances in recent times.

Rashid Khan has been performing consistently well, but Bhuvi has been performing like crap for a long time now. The only team they could probably pull off an upset against is Punjab and we all know the reason.

Local players are a major weakness for SRH (apart from Saha in batting and at times, Bhuvi in bowling). The absence of Thangarasu Natarajan is not helping things either. Perhaps SRH is the team that is worst hit by the threshold of 4 overseas players per team. If the limit was 5, then I believe that they could have won a lot more matches.
204  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 04, 2021, 05:36:52 PM
One of the tightest matches so far. CSK three wickets away from win and DC need two runs with three balls to spare.

Edit: DC won by three wickets, with two balls to spare. Kagiso Rabada hit a boundary of the 4th ball of the 20th over to give DC a win over CSK. I can't really believe my luck. For the betting pool, I went for DC, but selected "narrow win". And got two points -  first one for DC win and the second as margin point. But in the end, it proved to be a very close match. Dhoni will be ruing his innings, in which he wasted a large number of balls.
205  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 04, 2021, 04:23:08 PM
It is going to be a very easy win for the Delhi Capitals. CSK could make only 136 in their 20 overs. At one point CSK were 62/4. None of the top 4 batsmen could make a total in excess of 20. And then there was a partnership between Ambati Rayudu and Mahendra Singh Dhoni, but the latter wasted too many balls. Ravindra Jadeja got just one over to bat. If he and Dwayne Bravo were sent earlier, then CSK would have made 150 at least. They just can't win the match with a total less than 150. And that too against a team like DC which is having a very solid middle order.
206  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 04, 2021, 07:55:08 AM
After losing 3 matches in a row, Rajasthan Royals defeated CSK team. It is not easy to win by batting for 190 runs. Moreover, CSK's bowling lineup is strong. I would say that Rajasthan won the match because of the remarkable opening partnership between Jaiswal and Lewis. The two openers Evin Lewis and Jaiswal had strike rates of 225 and 236 respectively. Since then Samson and Dube have maintained continuity. After that Rajasthan managed to score 190 runs in just 17.3 overs.

After the initial partnership by Evin Lewis and Yashasvi Jaiswal, the match was over for CSK. Today they have a very important match against one of the strongest teams in this year's IPL - Delhi Capitals. CSK's weakness in bowling was exposed during their match against Rajasthan. For today's match however, Dwayne Bravo and Deepak Chahar are back and that should strengthen them. One out of Curran/Hazlewood need to be dropped and I would favor including Hazlewood in the playing XI. Despite his poor form in the last match, he is one of the more reliable and disciplined bowlers.
207  Economy / Economics / Re: How has inflation affected your savings and investing? on: October 04, 2021, 07:04:34 AM
I have noticed as well and this has been going on since the last world economic crisis that happened in 2007, I know it sounds like a cliche but things are not made in the same way they were made before, now all the stuff you can buy is some cheap junk that breaks at the first opportunity, while stuff that was made decades ago is still working because those products were made to last and even if you abuse the product you can always restore it and it works as if it was new, something really difficult to do with the technology that is being produced today.

Well.. this is strange. But you can't generalize everything. I am using my laptop from Dell for the last 6 years, and so far I haven't faced any issues. The same can be said about refrigerators, washing machines.etc. In fact the refrigerator which I am using is at least 10 years old. But if you are talking about mobile phones, TVs.etc, then I have to agree. The LED TVs don't last for more than 4-5 years. On the other hand, the old CRT televisions used to last 20-25 years without any major issue. But then you need to chose between quality and durability.
208  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Gas Fee is too High? on: October 04, 2021, 06:10:22 AM
LOL.. almost a year has passed since the ETH gas price climbed to sky high levels. And we are still debating about it. Based on my experience with the cryptocurrency sector, I would say one thing. If the developers really wanted to reduce the gas prices, then they would have done that already (like what happened in BTC, where we are witnessing extremely low transaction fee after Lightning Network became popular). The developers don't want lower gas prices, because it will reduce their profits. So they will give excuses and delaying tactics like ETH 2.0, but on the ground there will be no real change.
209  Alternate cryptocurrencies / Altcoin Discussion / Re: Becareful with Meme Coins on: October 04, 2021, 05:58:55 AM
I don't even understand the point in investing in meme coins. If you are curious about them, then you can collect them like rare stamps or coins. But there is no point in making an "investment" with these cryptocurrencies. And earlier it was still OK. We were only having Dogecoin and a few dozen other less known memecoins. But after Doge had it's crazy bull run, hundreds (if not thousands) of memecoins have popped up. And in most cases, it is clear that the promoters are trying to cash in on the popularity of Doge.
210  Economy / Gambling discussion / Re: [Participants Only] [IPL 2021] Prediction pool and discussion on: October 04, 2021, 05:28:40 AM
I disagree. The score was so small that they focused primarily on preserving their wickets which was a good strategy. At the end, they won pretty easily though they dragged the game till the end.

When you keep everything for the last over, mistakes happen. At one point, Rana had a score of 7 runs from 20 balls. Is this the way to play in T20? He improved his strike rate later, but a lot of unnecessary strain was created as a result of his slow innings. Dinesh Karthik handled things well in the end, else SRH might have pulled of an upset. SRH do have two world class bowlers in Rashid Khan and Bhuvneshwar Kumar. But Rana struggled against ordinary bowlers like Umran Malik and Siddarth Kaul.
211  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: October 03, 2021, 01:49:45 PM
Which other board you are referring here  who got benefit from the IPL ?
Again you have excluded  PCB , SLCB ,BCB and happy to play and distribute benefits within the Big 3.  Cheesy

IPL may look attractive from top but infact it is the one major reason for the downfall of cricket by the abuse of power.

The IPL has brought in huge amounts of money. But the problem is that this amount is not being distributed evenly. A part of the revenue should go to the ICC, but that is not happening now. ICC has blocked two months of international calendar every year to accommodate the IPL. ECB, NZC and some of the other boards are happy because they are getting the breadcrumbs that are thrown to them by the BCCI. The other boards are not even getting that. The revenue distribution system with cricket is not fair. It has seen richer boards getting more and more money, while the poorer ones getting less with each passing year.
212  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: October 03, 2021, 01:37:19 PM
LOL.. all of a sudden the RCB vs Punjab Kings match has become interesting. Kings were cruising nicely, but then Chahal and Garton picked up crucial wickets to put them on backfoot. Shahrukh Khan hit a massive hit off the bowling of Harshal Patel just now, but Kings still need 27 runs from two overs. Not impossible, but right now RCB is having the advantage. Mohammed Siraj and Harshal Patel need to bowl the 19th and 20th overs respectively. If they don't make too many mistakes, then RCB will end up with two more points, which will take their tally to 16. And this would mean that they qualify for the playoffs.
213  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't miss this opportunity to buy and hold BNB on: October 03, 2021, 01:25:05 PM
as we know that Binance has two projects, that is exchange and smart contract, then the total supply of BNB is around 160m and will burn every quarter, so the total supply of BNB will be less every quarter and with the current price of BNB ($410), then I think the price of BNB is still very low, because with a small total supply of BNB and BNB is one of the most popular projects (top 5 on coinmarketcap), then I think the price of BNB can still increase very high and reach at least $1500 (I think it's a decent price for BNB), therefore now is still the right time to invest in BNB and hold it for the long term, because at this time you can still buy BNB at a low price.

Binance coin has gone up by quite a lot recently, despite the rumored lawsuit on the exchange from SEC. At this point, it looks risky for me to invest in BNB. And from what I have seen, altcoins tend to be more volatile when compared to Bitcoin and they can lose up to 80% of their value in a week. We all saw what happened to XRP while they were having issues with the SEC. I am not saying that if it repeats with Binance, then BNB will also go down by that much. But the impact would be real bad.
214  Economy / Exchanges / Re: Binance exchange KYC update on: October 03, 2021, 01:13:27 PM
The government is tightening screws on the cryptocurrency sector. Binance was one of the last mainstream CEx platforms to offer relaxed KYC norms and now even they have made it mandatory for all the users. Now the next target may be P2P exchanges. Some, like Localbitcoins have already made KYC mandatory. Others like Bisq have resisted so far. Anyway, once they implement KYC, then they will become more like CEx platforms. There is no point in claiming to be P2P, when they ask for all sort of documents.
215  Economy / Gambling discussion / Re: Test Cricket Prediction and Discussion Thread [self - mod] on: October 03, 2021, 01:01:20 PM
Interesting one.

I guess answer is no but situation could change in the near future or i would say will improve. So far i'm very impressed with the team in the Tests, in my memory they only played 2 tests in recent time but still this team showed enough character especially against England. I think WIPL is key to the Indian Women Cricket. Once they start the league, pacers are going to enter automatically, similar thing happened for Men's cricket. Batting and Spin department are okay IMO.

Only a few grounds (such as Mohali in Punjab and Dharamshala in Himachal) in India are supportive of pace bowling. So the first option for the women's cricketers in domestic teams is spin bowling. The coaches are also selected from ex-players and they follow the same line of thinking. Once the IPL is started (I don't know when), the younger players will get to watch quality pace bowlers and they will also try to replicate them. Until then pace bowling will remain as the weak link of Indian women's squad.
216  Alternate cryptocurrencies / Altcoin Discussion / Re: Zimbabwe minister urges citizens to embrace Bitcoin on: October 03, 2021, 12:49:19 PM
It is common sense. If they use USD or ZAR, then the expats who send remittance payments back to Zimbabwe need to spend anywhere from 7% to 10% as fee with Western Union or Moneygram. However, with Bitcoin, this fee may get reduced to 0.1% or 0.2%. That is a 50x reduction in fee. Considering the poverty level in Zimbabwe, the usage of Bitcoin can go a long way in helping people attain self-sufficiency. In El Salvador, I heard that already a majority of the remittance payments are being sent using Bitcoin.
217  Economy / Gambling discussion / Re: [Participants Only] [IPL 2021] Prediction pool and discussion on: October 03, 2021, 12:37:07 PM
When the IPL started, I did not have faith on old horses, but it seems I am wrong. They are doing great in batting and bowling, but maybe they need to improve a little in their fielding. Raina is an exception, by the way. And I guess Dhoni decided not to bat anymore. When was the last time we have seen a decent innings from him? He is good at keeping and skipping, but batsman Dhoni is no more I guess.

How do we all find ourselves going with RCB a comfortable win? webtricks and vishnu seems had a different mind.

Compared to 2020, CSK had two major changes, which benefitted them greatly. First of all, Kedar Jadhav was kicked out of the squad. And secondly, Suresh Raina ended his spat with N Srinivasan and rejoined the squad. Both these factors worked well for CSK. A lot of hype was generated regarding their $1 million purchase of Moeen Ali, but IMO he hasn't played a major role in their wins so far. And then, the role played by Deepak Chahar so far hasn't been recognized by many people. He has been exceptional so far in this season.
218  Economy / Economics / Re: Bitcoin will replace oil and Gold on: October 03, 2021, 12:25:04 PM
Bitcoin obviously can't replace oil because in no way can bitcoin fulfill the uses of oil as a fuel or in industrial applications.  As for replacing gold, if you mean as a store of value this is also extremely unlikely.  A store of value with thousands of years of history as such is not going to go away because there's a no medium to store value.  Bitcoin could become a widely accepted a mainstream store of value, but in no sense will it replace it.

The OP probably meant that Bitcoin may replace oil as an option in commodity trading. But I agree. It is unlikely. First of all Bitcoin is not a commodity. And secondly, it's price movement is not similar to oil or natural gas. But I disagree with you on usage as store of value. There is no doubt that currently Bitcoin is a highly volatile asset. This may change in the future. The reason for the high volatility of Bitcoin is due to large fraction of the circulating supply being kept as free-float. As Bitcoin prices increase, more and more people would move their coins to cold storage and this would reduce the volatility.
219  Economy / Economics / Re: Chinese loans leaves many countries in "hidden debts" on: October 03, 2021, 12:13:05 PM
Well, aiding other countries with their financial problems by providing loans is part of the business and that's how they become a rich country. Moreover, that's another way of expanding and deepening their relationship with other countries by providing financial aids other than loans.

China is just following the example set by other western powers. Look at the middle eastern nations. Almost the entire economy is in the hands of American corporations. France dominates the economy of its former colonies in Africa. The same can be said about the UK in its former colonies in the Caribbean and Asia. China didn't had any colonies, so it was a late starter. But they had surplus cash at their hand, at a time when the western countries were sinking in public debt. And they used this surplus in a smart way.
220  Economy / Economics / Re: George Soros and Bezos have paid almost zero taxes on: October 03, 2021, 12:01:18 PM
Actually the article is talking about unrealized income because it's comparing total rise in wealth over the time period they looked at vs. income tax paid.  Since the vast majority of the wealth increases were unrealized gains on assets, the "true tax rate" that the article calculates is actually a tax rate on primarily unrealized gains.  When you use the actual income reported by the people they looked at (Bezos, Buffet, Musk, etc.), the tax rates on income are many times higher than the "true tax rate" they reported as being in the extremely low single digits.  The income tax rate paid was generally around 20-25%.  Still far too low if you ask me, but nowhere near the 3% or so numbers they were touting when doing calculations based on unrealized gains. Bloomberg is the exception where his income rate actually is 2.92%, but the others are Buffet 18.96%, Bezos 23.05%, Musk 29.93%.

Wrong.

The article mentions "reported income during the period". How can unrealized capital gains be included in "reported income"? As far as I know, capital gains are not reported unless the assets are sold.

The "Wealth growth", which you are mentioning is given in a separate column. The percentage is not calculated based on "wealth growth", but based on "reported income". You are trying to confuse the readers between the two.  

For example, Bloomberg's wealth grew by $22.5 billion during the period, but he reported an income of $10.0 billion. And he paid an income tax of $292 million, which represents 1% of the wealth growth and 3% of the reported income.

Anyway, the users can now see the hypocrisy. A left-wing user is trying to defend tax evasion/avoidance by the uber-rich, while a right-wing user (myself) is voicing my displeasure over it. This is the real picture of "tax the rich".
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