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2101  Economy / Gambling discussion / Re: Wagering requirements for withdraw on: May 20, 2023, 01:37:22 PM
Each casino has its own rules and they have their regulations for the bonuses themselves, they are different, they differ a lot because they have different ways of dealing with the way they play, if in a small casino it has some of the limitations that we do not like, I agree I agree that they have to look for other casinos, in the case of duelbits I feel comfortable, they have the games that I like

Do we even follow some criterials or set some guidelines before choosing a casino to use, because each everyone of them has their own different ways of operations that differs from other's, not until we study this regarding each particular casino we are using we may always ended being disappointed from them because what we will be having will be entirely different from what we will be expecting once our understanding about them is not good enough.

there is no problem with the bonuses, with the withdrawals, I am very demanding with the withdrawals, I like that they occur when I want and that there is no need to be sending messages to support for my payment, I have no problems here , that's why I Recommend it.

But many casino give strict use of their policy then regulates making withdrawal, and this is one of the most challenging aspects gamblers always dont like to experience because it's disappointing enough and not encouraging by all means because of the restriction due to non compliance to their KYC.
2102  Economy / Gambling / Re: Is this considered a safe practice on: May 20, 2023, 01:09:28 PM
If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future.
That is definitely be frowned upon considering it's gambling and there's no certainties that you can win and save money on those bonuses. Let us say you collected a staggering bonus yet you're on a loss, that for sure will be a bad practice. Moreover, banks doesn't consider gambling for credit score.

Maybe he can get that bonus but he has to remember that in gambling, we can't always win after getting that bonus. Many of us experience loss even though we get bonuses, which is why we don't need to chase bonuses if we feel they are difficult to get. It's better to just play gambling as usual without purpose other than just to get pleasure from gambling. And using a credit card just to get a bonus is not a good idea considering we have to prepare some money to be paid to the bank and we also don't know how much we will lose.

The funny aspect is that chasing after bonus is very easy to achieved but winning is the most difficult task to get done, and this is the aspect that most of the gamblers missed it from, they will because of the bonus hunt chase after a particular game and use the money they can't afford to loose in chasing after this, some over run this by leaving their private life vulnerable to attack and also chase after bonus, at the end, they will all have the bonus but loose their own money, it's time we wise up in gambling and avoid taking some unnecessary risk that are too expensive for us to accommodate their consequences in gambling.
2103  Economy / Gambling / Re: Is this considered a safe practice on: May 20, 2023, 12:50:20 PM
If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future.
That is definitely be frowned upon considering it's gambling and there's no certainties that you can win and save money on those bonuses. Let us say you collected a staggering bonus yet you're on a loss, that for sure will be a bad practice. Moreover, banks doesn't consider gambling for credit score.


You're right, there's no certainty in gambling to what you can receive as an outcome, gambling has that risk that it gives and can't guarantee you on a particular outcome as result, moreover why the stess on this when there are alternatives to making payments in gambling casinos, they almost supports more than two cryptocurrencies for making payments of which i think that alone is a good take on itself than vending on what will have a costly repercussions later in life.
2104  Economy / Gambling discussion / Re: Are there play and pay later casinos? on: May 20, 2023, 12:18:38 PM
I do not think I have ever heard about this concept. I have heard before about whales in Las Vegas who are allowed to gamble on credit because the trust the casino has on particulars clients.
Nevertheless, even if some casinos offered those plans for people to gamble on credit, I would not advice anyome to fall in the temptation, if the person starts to develop gambling addiction It can only end up in financial ruin.  Sad

Gambling on credit is supposed for millionaires and whales, let us keep that in mind.

I can't even encourage a gambler on such offer because it's a bad idea to support or sugget someone to taking loan and be in debt, they will never be grateful to you if they ended up being unable to make a repayment because they believe that you're the one that push them into it, they wouldn't have been into debt, same applies for the rich gamblers who think they have money, they don't need to go off their limit just to gamble and lost the game and later finds it a regretting experience, some have been once rich and turn poor because of gambling indebtedness.
2105  Economy / Gambling discussion / Re: Things that still make feel awkward with some online casinos on: May 20, 2023, 12:07:28 PM
Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

That is cheating their players.  I am glad that I am playing in Stakes, during the surge of transaction fees, Stake does not change their withdrawal fee.  They are still charging with less than $2 while the blockchain fee is more than $20.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

Casinos' other source of earnings is their withdrawal processing fees.  So it is not surprising that many casinos are charging their player way more than the blockchain transaction fee.  It is their opportunity to earn from their service so they will take that opportunity.

On the common way, casinos don't have that kind of high transaction fees like that experience with exchanges, but if one comes across any that is taking an abuse on such, then it's better to try other recommendations because they may be taking advantage on others in that while everything had gone down to a bearable limit, which measn we must be very sure we are using a trusted casino and can also track the mempool to know the current fee on transaction and see if they are making an additional fee or not from their own end.
2106  Economy / Gambling discussion / Re: Don't gamble if you don't have patience on: May 20, 2023, 11:53:18 AM

For some reason. I started to appreciate instant withdrawal now that I experienced this first hand. In my case, it’s not about the casino but the blockchain slow confirmation.

This is not going to be the last time, in the future, we may see another network congestion that is beyond our control and you are caught playing while there is congestion, so even if you don't want to if you don't have patience you could lose all your bankroll or even your winning, so it's still better to cultivate patience for your own good, what recently happened is the test of our patience, patience in gambling is a good virtue.

Things were not meant to remain permanent the way they appear althrough, this is just a temporary experience and has been settled unlike before, moreover it's not also the first of its kind to have come to this kind of congestion, i think we should be positive in the same direction because the transaction fee pump is a means of rescue to this, what if we couldn't het transactions being confirmed as the entire network get over flooded and there's no priority to higher transaction fee to circumvent the situation, everything will be laid to pause without remedy, this is the same and exact situa with the baking system while being impossible in cryptocurrency to experience such.
2107  Economy / Gambling discussion / Re: Best and worse slots on: May 20, 2023, 11:31:43 AM
I never liked Slots, Idk because it's only luck and I feel it's rigged. More like it got more house advantages and the chances for you to make more profit/money are way less as compared to something like Roullete. I would love to know a beginner slot to start gambling again and understand the concept of it. I recently played some slot games on the rollbit website, It was meh. Not my cup of tea.

Gambling also has to do about being lucky atimes in games that we play, slot is quite a game of luck and this is the most common attribute to locate with this kind of gambling game, there are others that has to do with the skills and our abilities to determine our winning chances, just like dice, some also believed it's a game of luck while some do say that it has already been programmed, but gambling in general is full of fun either we play on sport betting, casino, slot or whichever we so desire to go through, it's all in having fun
2108  Bitcoin / Bitcoin Discussion / Re: How I convinced my stubborn neighbour working for a central bank to adopt Bitcoi on: May 19, 2023, 07:04:10 PM
I couldn't believe it!!! Can you imagine like a play, I was able to convince a whole CBN man to do 1BTC? But I hope he doesn't change his mind. Even if he does, I'm proud to have stood for Bitcoin in such a situation.

You can't blame him due to the nature of his work, they would have been oriented against bitcoin since the financial apex institution he works with is the one in control of every other banks and are the same people who established the law that all banks should not be involved in anything related to cryptocurrency as against their ethics as financial institutions, but also i think there's more need to emphasize on the aspect of bitcoin being a p2p network, how he can make use of a decentralized cold storage for privacy, he may actually finds it more interesting if this aspect were cleared and his fear from avoiding his work place know about his involvements in bitcoin will be secured along way.
2109  Bitcoin / Bitcoin Discussion / Re: [NEWS] Bitcoin Provides Insurance Against Fiat Currency Failure on: May 19, 2023, 06:54:28 PM
On May 4, in a recent Youtube video, Validus Power Corp.’s executive director, Greg Foss, discussed the potential for the banking industry’s failures to wipe out $10 trillion in equity. Foss expressed his support for “hard assets” such as real estate, gold, and bitcoin. He believes that bitcoin, the leading crypto asset, is one of the best hard assets available. According to Foss, bitcoin provides insurance against “the failure of a basket of fiat currencies.”

Source: https://news.bitcoin.com/bitcoin-provides-insurance-against-fiat-currency-failure-says-validus-power-corp-s-greg-foss/

I also think that cryptocurrencies in general have a chance to save money in case of fiat inflation. But it also has risks of failing to save funds. The main riddle in cryptoworld is the possibility to save the funds with crypto in case of inflation...

Since inflation is not possible to occur in cryptocurrency, choosing bitcoin in crypto could also be the best decision to take in other not to fall into the other hand with the altcoins experience from being liquidated, but the best alternative here is the use of crypto and bitcoin to which can not put one in danger of missing out for any purpose in the future, which is part of the edge it has over every other cryptocurrencies, it's can serve the best asset and investment to made in a decentralized network without the fear of loosing or missing out
2110  Bitcoin / Bitcoin Discussion / Re: The importance and distinction between Verification and Authentication. on: May 19, 2023, 06:45:41 PM
After every procedures to taking security measures had been put in place, we must verify before authentication takes place, verification is to get the centainty about something as being genuine, it can also be a means to scrutinize something for more adequate and safety measures while authentication means the confirmation made on what has been verified, it another means to endorse or sign in for something as not being a counterfeit, we can do this same things and make them applicable to our bitcoin and security procedures for maximum protection before using any means to hold or store our coins in them
2111  Other / Politics & Society / Re: How true on: May 19, 2023, 06:26:36 PM
It's true that nothing good comes easy. Let's take the case of money for instance; you have to toil very hard to get it so that you can learn a valuable lesson and this guides you on how to spend it since you know hard you struggled to get it.
 I also believe that if one doesn't encounter difficulty when going for something good, it won't be appreciated.

It is not easy to make money but spending it is the most easiest thing to do, which means to make it in life, it has a big task ahead for everyone to take and fulfil, but it's a matter of choice and not by force because it requires no effort to remain the same way without progressing in life, which means anything evil is cheap and easy to do while the good and beneficial ones takes our efforts to make them happen to us, if you take your life with an unserious mind or approach, you will find it difficult to arrived fast in life, it's better now than never.
2112  Other / Politics & Society / Re: Will things ever change in the polity? on: May 19, 2023, 06:21:15 PM
There's no way to change the entire political system of the world such away that everyone of them involved in politics come in consession to doing the right things as expected of them, we cannot be so fully dependant of them because they can't achieve everything not to talk meeting up with our own personal interest in their government, the concentration has to be on the young leaders of tomorrow for them not to fall the same way their leaders had gone, there needs to be a total reorientation from all categories of government and individuals involvedin political career.
2113  Local / Nigeria (Naija) / Re: How does bitcoins affect other coins? on: May 19, 2023, 05:59:00 PM
For years , we have always heard and have seen how the movement in bitcoins price affect other coins/tokens price.
Going through the charts of  other Cryptocurrencies, it is seeing that the remarkable rise of other crypto follows the rise of bitcoins. Since bitcoins has its own blockchain and other crypto have their own Blockchains, how does the price of bitcoins influence other Cryptocurrencies, please I need diplomatic explanation on this phenomena.

Bitcoin is the ultimate first and reliable digital currency that dictates the entirr cryptocurrencies weather to live, rise, fall or remain the way they are because it has been a successful digitally decentralized currency that has no any central authority influence or control in determining it own stay, no economy inflation as well could be identified with the network because it is entirely different from the fiat financial system ad economy, bitcoin is all about freedom, everyone can invest in the asset and still spend the currency for exchange of goods and services, it can be accepted as a legal tender unlike other cryptocurrencies, it does not fail and change from complying with it blockchain technology and protocols, other cryptocurrencies are being controlled by central authorities but bitcoin is fully decentralized.
2114  Local / Nigeria (Naija) / Re: Tinubu's plan for Blockchain and eNaira is appealing despite lacking details. on: May 19, 2023, 05:51:46 PM
I think this will likely hold base on this article Andy Umana is improving the real estate experience with the blockchain. It's about an interview with Andy Umana, the founder and head growth of Relsify, a fractional real estate platform that uses Blockchain technology to allow people, jointly fund and own part of properties. Here is a part of the article that speaks of the possibility of this:
Quote
We are building a highly-regulated product; we have to work with the government of the day. One of the challenges that we face—and why we’ve not broken into the market with full strength from day one—is that we have had to wait and talk to the SEC in Nigeria to secure a provisional licence for us to carry out what we’re trying to do. Despite numerous challenges, we were able to follow up until they recently crafted one that suits us. But now we await approvals to pull it through. They are telling us that they are waiting for the new government to come through before they [the SEC] start issuing this licence, because they want to understand [the new government’s tone and approach to policy first].

I cannot doubt the possibilities to this because the blockchain technology is already going wide across the nooks and crannies of the entire world and both government and organisations were all in support of this development, as for the new government regime about to emerge in the country Nigeria, we can see that possibilities that the new emerge president is giving the youth more areas of concentration for his administration to tackle the most challenging factors that can mitigate youths from partaking from the advanced technology of blockchain and possibly being extended to bitcoin if the president elect sees this an an additional efforts to carry the youth along.
2115  Alternate cryptocurrencies / Altcoin Discussion / Re: FOMO on: May 19, 2023, 01:59:58 PM
FOMO - Fear of missing out.

For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

Pepe will not be the last of it kind, there are other coins that are coming up, this is part of what is expected of you to do in making research and findings about some of these coins, they have the very high opportunity to rise high and also go down thesame way, which is the high volatility tendencies in them, you can narrow your research on the reason behind any crypto project and check the history of it developers, still yet that is not enough for being free from any risk associated tha may come later with these same coins, i will advise you to make an investment on more than two of these coins you're very sure about the research conducted on them till next year halving whe we expect bullrun to take place, if you're scared you may not be able to take risk and if you can't, then you may have have just dropped one of the opportunity or means to maken more money  in cryptocurrency by not being able to take risk and bullrun will certainly come
2116  Alternate cryptocurrencies / Altcoin Discussion / Re: How to Assess a Memecoin and Not Get Scammed ;) on: May 19, 2023, 01:40:06 PM
A memecoin would be only a scam if a rugpull happens

And the chances for most memecoins not to experience this sudden bankrupt with rugpull s very rare, that's why od you're investing in them, one must target a particular time frame to serve as the limited time he will sell them out after he might have earn some little income from them because anything can happen anytime if you hold for long, memecoins are sometimes seasonal, since they are project, most were being introduced just to testrun the market and see the possible outcome but if you invest on such, there's no how you will not experience a rugpull with them along the line.


But if this is coming from what we saw with $Pepe and other memecoins such as SHIB and DOGE, I don't see it as scam but rather a usual market pattern in this industry.

Every coin comes in with it own pattern or way and that doesn't change anything about them from not having the same risk others have that makes them left the market.
2117  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it wise to stake your crypto currency on: May 19, 2023, 01:16:15 PM
it depends on you yourself to be sure that the personal money you have will become a steady income later. but you should continue to analyze the things you have done. this is not so easy to explain and before all you feel it will be easy. The bigger your investment, the bigger your profit level.

Everyone may have their own personal reasons for staking their cryptocurrency but we must also considers the consequences in doing this, it is believed that everything that have an advantage will sure have it's disadvantages no matter how small, there are may cryptocurrencies one can stake and make more or end up loosing more, but the particular decision we are making on that desired coin we want to stake is very important, it must be something worth of value that cannot disappoints in future and a good example is bitcoin and few altcoins.
2118  Alternate cryptocurrencies / Altcoin Discussion / Re: Government's actions against crypto on: May 19, 2023, 01:05:16 PM
The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

There will always be this kind of threat from government on cryptocurrency especially the altcoins because they are centralized which that alone subject them to regulations under government, there's also much ongoing scam related activities associated with these cryptocurrencies except for bitcoin, why they can not be a threat to the bitcoin network in cryptocurrency is because bitcoin is already decentralized from day, they can't regulate anything about bitcoin unlike other cryptocurrencies.
2119  Economy / Gambling / Re: Is this considered a safe practice on: May 19, 2023, 12:45:04 PM
<snip>
What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
One risk that I can think related to this is identity theft — people who has your credit card details can make use of your information to open new accounts that they can use for illegal activities. This is one issue that also happens with KYC processes.
Personally, I wouldn't want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.

Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.

You're right, aside the risk in revealing your privacy, they can also use your information to impersonate you, there are alot of scam related offenses ongoing out there, ibthis advanced digital technology, people are no more slerk with their personal informations not to talk of securing them with the online platforms that has a central server that stores all those informations for them, these same OTP lands onnyour mobile and email address and if one is compromised then you're under attack.
2120  Economy / Gambling / Re: Gambling is a choice. on: May 19, 2023, 12:31:51 PM
In fact the players have various motivations to do it some do it for fun to pass the time, others to earn extra income some are professional players but it must be a free personal choice
Even if they do it for fun, that doesn't mean they can use their money to gamble. They have to pay attention that there is a big risk of losing at gambling and if they can't control themselves, they can lose a lot of money, which has been proven by the many people who lose at gambling. If you still want to play gambling, you need good control not to lose much money. Playing gambling is a choice; no one forces you to play and let other people play.

An experienced gamblers will common eye the little things we out in consideration while gambling and concentrate on his bet he's playing, that alone takes their time enough and they are much satisfied in such, it's not every gambler that always focus on the amount he loose from the one invested and the games he won, thinking about that alone will be a big discouragement for some people and that's why they don't rely on what they get through gambling for their sustainability, they always have their own means of income they are fine with.
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