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2141  Economy / Gambling discussion / Re: I will pass KYC later is a bad idea on: August 21, 2023, 01:43:04 PM
You just highlighted an important thing about playing and withdrawing in casino. The point you raised anbout KYC could be as a result of some factors. The issue is that some bettors are confident that they have document to show for their KYC and will enable them to have easy passage but most times they even get stocked with that document either it will be blurred, has an alteration which now becomes an issue for them at the time they want to go ahead with the KYC. Some bettors also don't have appropriate document to show or they just don't like KYC so they depend on luck not to go through KYC or they think by withdrawing small amount of money, they won't be required to submit documents for KYC since they are small winners thinking the casino will focus on those winning huge.
2142  Local / Nigeria (Naija) / Re: Why Bitcoin Dey Come Down? on: August 21, 2023, 12:24:37 PM

I am just Suprise how bitcoin price drops drastically like this within some hours. And I wonder why Elum sell off this huge amount of bitcoin where some people are willing to buy more, did he find anything bad about it? or just for his selfish interest since he is a supporter of altcoins?

You don't need to be surprised because that is how the market is. A btc whale may want to crash the price by creating artificial panic in the market because he wants to get more bitcoin or for whatever reason. If you sell btc at $31k and you wait to buy again at $15k that means if either have profited $16k or you will be hodling 2btc instead of the 1 btc you had. That is how the market is manipulated and there is nothing wrong with that. It is not because he was being selfish about btc, it may be for business purposes. All those supporting altcoins still have btc because they know cryptocurrency starts and ends with btc.
2143  Economy / Gambling discussion / Re: Casinos games are not made by the casino teams but... on: August 21, 2023, 11:45:46 AM

We can't check the fairness of third-party games, it's on us to trust them or not. As a person who likes to play slots and some other third-party games, I know how unpredictable these games can be. The long-losing streaks are pretty much normal, we rely on pure luck, and there are no guarantees that we will land on a bonus round with some greater payout.

But even where we know that gambling is luck based we should also know where we are throwing our money to. At least with the assurance that the house edge will not be above 50% against us.

I think Op has brought a sensible topic. If there is a way that casinos can disclose games programmed by their team and outsourced games or third party games that will be nice because I will feel playing through a third party interphase could give me a more guarantee of provably fair.
2144  Economy / Economics / Re: Any business where today you launch, tomorrow you begin making profit...? on: August 21, 2023, 09:37:09 AM
One type of business that can be profitable as soon as you start it is a service based business. By providing services such as consulting, freelance writing, graphic design or tutoring you can start earning income right away. With minimal startup costs & a focus on leveraging your skills and expertise you can quickly attract clients & generate profits. Building a solid reputation & delivering exceptional service will be a key to sustaining & growing your profitability in the long term.

There is foundation in business. A business is suppose to go through a teething stage. In servicing companies, the teething stage is when you have to source for customers and you go around looking out for patronizers and running ads also, at such times you are equally spending. In such business venture except you already have a sister company somewhere and you are using the new establishment as a new office then the patronage of the bigger service company can be transferred to the new office. In starting up a business, it is better to plan for at least 3-6 months of start up stage where you have to run on expenses without profit at the time before you start expecting profit.
2145  Economy / Gambling discussion / Re: Glitches still affects online casinos? Or it's the casinos that sucks on: August 21, 2023, 09:02:41 AM
I think if you have made the bet already and it was ongoing before the error or glitch happened, the casino should be able to identify if you won or not and should be able to show you prove if you are debating your loss due to the glitch when they are up again but at the end if the whole program or prove/evidence of your game was wiped out then it shouldn't be your fault that you must lose your money, at least they should return or refund the bet money because the liability should be on them. In any case if the casino is not able to resolve the issue to my favour if they could not prove that I lost due to their own negligence and they want me to bear the cost of their inefficiency then depending on the bet money involved, I could either sue or lick my wound and move on and never to play with them again because the glitch could be a scam attempt if I didn't get my money back.

However, such kind of glitch is in consequential in soccer because it is a global game showing in different countries. So a glitch in a bet company would not affect another bet company and by any means it won't affect the outcome of the match and even where the transmission from the field of play is cut off for whatever glitch, the game would still go on and the outcome would still be uploaded through livescore or any other means including google and team website. So the excuse of a glitch can only be for casino and encrypted games.
2146  Economy / Gambling discussion / Re: Cockfighting? on: August 20, 2023, 09:09:11 PM

Although online cockfighting was banned in the Philippines, the physical cock fighting events are still legal.


For the purpose of knowledge and education, when you say the physical cock fighting is legal in your country do you mean the government made a legislation on it and supporting people to take their cock to fight another cock like a competition that are organised and award is given or you mean you can do that without any punishment but with backing from government because in my locality, the government doesn't have an eye to such, it is just neighborhood children who organise cocks to fight themselves.
2147  Other / Politics & Society / Re: The fate of Democracy in West Africa shakes on: August 20, 2023, 07:35:40 PM
If you want Democracy to be worth anything, make it so that all laws enacted or repealed by government have to be approved by a 66% majority of the people to be affected.

Cool

Of course most laws get approval of more than 80% but the challenge is the implementation of those laws when someone contravenes it and the worse is if it is violated by a politician, politician family or popular people. The laws are only implemented against the masses who don't have any influence or someone to call upon. In some countries or most of the countries, there are three arms of government especially in democratic government namely, the executive, legisture and judiciary. So in this case it is the executive that will implement and enforce the laws made by the legislature and the judiciary will interpret it. So the executive if corrupt will not enforce the law against themselves or other politicians that are their friends or popular person in the society despite that the law has the legitimacy of the people 100% but what you get is selected justice.
2148  Alternate cryptocurrencies / Altcoin Discussion / Re: New bull market or new bear market ahead? on: August 20, 2023, 05:44:19 PM
10% drops in price are nothing, most of us here more than 5 minutes have seen multiple 50% plus dumps over the years. Use dumps as an opportunity to sweep up cheap coins/tokens. Most people panic sell but the smart guys amongst us buy the fear. A bull market will come, don’t worry.

I won't have to panic about such slight drop as 10% on bitcoin or etheruem. Bitcoin move from around $29k to $26k is not much to fuss about. In fact some whales are still keeping their cups open to make a DCA on further drop because the larger aim is next year's halving and not really what is happening now. The bull run for next year is predicted to be massive and speculated to jump into 6 digits, that is going to be massive
2149  Economy / Gambling / Re: Help us build the greatest crypto casino on: August 20, 2023, 05:26:16 PM

So the most important thing to build is a good reputation and and building a team that can work around the club to provide good customers services and also monitoring players' activities to give them the best service that can keep them as loyal players.

Reputation is important to casino lately especially for startups with the incident of exit scam from even casinos bettors thought would not run away with their money. So it is now difficult to trust new casinos despite how long they run their signature campaign. It is just by fate that people can sign-up to new startups because reputation is an important factor. And what is now the guarantee that joining a new casino will not end someone in pain and agony of exit scam.
2150  Economy / Gambling discussion / Re: Typical scenario when you are losing on: August 20, 2023, 04:40:20 PM

  • When I already on adrenaline mode after losing more than 50% of my bankroll and start chasing losses using huge bets.


What I have to say is that this attitude is the one that can lead you into further failure and then get you straight into depression. I try to avoid my adrenaline to pump higher in such state of losses and what I do as a panacea is to stay away for sometime incase I want to return to it same day but the best is to cool off from it for at least 24 hours between the time and by that time I should be fine with my senses working rightly. To be in a haste chasing back losses is surely a way to lose more money from your bankroll.
2151  Economy / Economics / Re: Cryptocurrencies are now playing a major role in regulating the economy on: August 20, 2023, 01:30:28 PM

The thing is, most of the countries still do not want to make money out of BTC or any other crypto related technology. And my country is one of them but I hope one day there will come some educated people who might know how to get benefit from the golden opportunities with time.

Countries are waiting not to jump into adoption of bitcoin yet. They are at the sideline watching how El Salvador is struggling with her own adoption of it and I believe after the halving and the bull of bitcoin by next year when the value will increase, you will begin to see more countries wanting to adoption it .


Will you agree with the thought that cryptocurrency is going to make a significant contribution to the economy of every country in the world ?

Yes especially in the area of youth empowerment and financial freedom. Bitcoin creation is the innovation that the youth are the most beneficiaries of and so with the lack of employment and underemployment, the youth have found bitcoin as the option for investment and financial freedom potential. That will help in increasing youth development in blockchain education, cryptocurrency project financing, management and investment etc , this will inturn lead to healthy financial economy because there are going to increase investment opportunities in youths and growth in the GDP of the country.
2152  Economy / Gambling discussion / Re: Cockfighting? on: August 20, 2023, 01:04:59 PM
It looks like a bizarre sports adventure against the animals. Animals are meant to be protected and to have them go against each other is not what the international community would like to do or be seeing, I racing is better than fighting and this is why you may not find a casino easily on that. However, on the local stage, people use to have such games where they set up two hen to fight each other and they will be by the side watching and betting. It is an old local gambling though.
2153  Economy / Gambling discussion / Re: Top 40 Twitch accounts for gambling advertising on: August 19, 2023, 08:51:18 PM
But there could also be individuals who just watch it for fun and entertain to see big wins by this big guy and not try to emulate them because obviously they have big and deeper pockets than most of us here.
There's a chance if those streamers are using gifted money by the casino they promoted, so they're not losing anything and just want to entertain people who watch them. The main reason why they're become gambling streamers are making money, they wouldn't just gamble everyday and bet crazy amount of money.

Maybe there's a very rich streamer that just live for fun, but it's only few streamers among them.

They may be earning in both ways like they could have financial arrangement with the casino company and they can also earn from the subscription of those watching them from the social media platforms. Like you know, the numbers of followership can determine traffic to whoever they are streaming for but for real I believe they don't bet such huge amount for themselves without some sort of arrangement that we may not know about.
2154  Economy / Gambling discussion / Re: Are there real sports bet groups on: August 19, 2023, 07:14:07 PM
Gamblers place bets with the aim of increasing their money, they register at various casino platforms without having any gambling experience. I think when a gambler places a bet, he should analyze all the factors before gambling. But nowadays most of the people without acquiring knowledge about gambling, they first search different telegram groups for signals. And most of the signals from this telegram group are losing money for betting. So I think that instead of taking such stupid advice, one can be successful in betting after getting educated about gambling.
Well, I don't know what exactly you means, but if you ask me, i did say that there is no such thing as gambling education, there is no type of gambling education that can make one a successful gambler if he or she is not lucky, there is nothing to learn about betting other than making out time to always watch sports, follow sports teams, read sports news learn how different teams play under different team or weather conditions, getting good at all this is still not a guarantee that the gambler will be a successful bettor, but at least, it increases the bettors chances of being successful in most of his or her betting games..
Out this which I've mentioned, there is no such thing as a special gambling or betting education, as no school, internet or physical based, teaches students how to become successful gamblers or bettors.

Like @ Fivestar4everMVP said, there is no school that will tell you there is gambling education and he has listed all the factors that can help someone to know about gambling. The education I know about in gambling is about how to place your bet if you want to do it by yourself online but even offline you can ask the agent to bet for you and you tell them the options you want to bet , and with time you are educated on that. As to class room education that will make you a professional bettor or a consistent winner, it is all luck.
2155  Economy / Gambling discussion / Re: Lotteries and possibility vs. probability on: August 19, 2023, 06:00:16 PM
indeed we need to do that and we always pay attention to it, but in my personal opinion, lottery gambling is the easiest type of gambling to control because besides there is a time limit from when we place bets until the lottery results are announced, in this gambling my expenses can be more regular which very different. since I played slot gambling. In slot gambling I can spend 10 dollars in one game, but in lottery gambling I can use the 10 dollars to participate in the lottery several times.
It's okay for people to spend 10 dollars to buy a lottery ticket, even they can do it every week. And because there is a time limit until the lottery results are announced, they can be disciplined about spending the 10 dollars even though they don't know when they can win it. Whether it's worth it or not depends on them because they have their own calculations and have allocated a certain amount of funds to buy the lottery ticket. Apart from that, by buying this routine once a week, they can still hope that one day they will win the jackpot, and this has been proven by several people who are consistent in buying lottery tickets.
You really think $10 for a lottery ticket is a genuine investment? That's like expecting to become a billionaire just by sitting around! Sure, they discipline themselves to spend $10 weekly, but where's the discipline in their actual financial planning?

Those who have won? A drop in the ocean compared to those who've lost. People might as well throw their money down the drain. Hope? It's cheap. But consistently wasting money on such trivialities is not the mark of a wise individual. There are smarter ways to gamble with calculated risks. I suggest they learn how to play the real game

I have heard some friends say that the monies used to pay up winning rewards for few people are what proceed that comes from those who play and lose and this is not far from the truth here. We seem not to know what $10 per week is worth in a month and quarter of the year and one year but because we don't gather it in bunk then it may not mean much. A drop of water can make an ocean as they say and with the rate of losses in lottery and gambling in general, there is truth in that. Some people have continuously played lottery all there lives and they keep playing without winning, giving out money to others because they hope one day it will get to their turn.
2156  Economy / Gambling discussion / Re: Who is to be blamed, the gambler or the betting agent on: August 19, 2023, 02:55:46 PM

Giving loans, whether for gaming or something else, has nothing to do with kindness or charity. Its a cold game of numbers and how people think. You're right that the borrower's ability to pay back should be considered, but do you really think the betting agent doesnt know that?


To this and the question that you asked, I think the agent knows that he would lose the money to them even if it was borrowed to him. This could be a good reason because the capacity to repayment must be known and maybe the agent decided to influence him to play by offering to borrow the money and later to collect it back. This is just the same with real or physical business where a seller wants to sell off the goods about to spoil by all means and by that time any potential and worthy debtor can get it if influenced or indicate interest to buy even on credit.
2157  Other / Politics & Society / Re: The fate of Democracy in West Africa shakes on: August 19, 2023, 02:12:44 PM
The persistent coups in West Africa are a result of failed governance, intertwined with political corruption and intimidation of the general population. Imagine a president manipulating a country's constitution to enable a third term in office after already serving the constitutionally provided first and second terms (a total of 10 years). Even the military is being paid very little or nothing at all.

Apart from that, African leaders have not decided to stop neocolonialism and become independent for real. Ever since African countries started gaining independence in 1960s , they have not stopped traveling to other continents and the dividend of their travelling is not felt on the African soil. They don't know how to develop their home but enjoy the amenities they savour over there and letting their place look unkept and unpleasant. They are suppose to develop their regions with the natural mineral resources that are embedded in Africa.
2158  Economy / Economics / Re: What Actually Drives People/Gov to Adopt New and Bold Decisions on: August 19, 2023, 12:43:13 PM

Means if there were not riots and no financial recessions were occurred back in 2008 then i doubt today there would be any Crypto exists. But downfall of one lead one person to make another innovation in place of that. In today world people are working there ace off but still few are living a healthy and wealthy life.

At a point in reading your essay, on this paragraph I was seeing the creation of bitcoin in my mind. Are you saying "necessity is the mother of invention"? Are you saying it was apt for satoshi to begin the creation of bitcoin at the time or he had the idea earlier?

Well apart from recession that is looked at on the paragraph, making analysis of the whole post, I see the interplay of money (that is fiat) and the control over people and their situation and overall well being including war. Fiat was identified as a major necessity to life and death, which is why when a country goes to tribal war in the past, the seizure of their fiat was as good as winning the war because there won't be other means of buying and selling or other financial transactions and that will cripple the economy of the weaker opponent. So the creation of bitcoin is indeed a liberation of human society in general. A scenario like that happened in Nigeria during the #Endsars saga, the conveners of the rallies across Nigeria used bitcoin as a means of payment to get necessities to endure protesters got food, water and other necessities while on the streets for days spanning to weeks. This same scenario is happening in Russia and Ukraine war when Russia began to prepare for legislations about legalizing the use of bitcoin while prior to the war and attendant economic sanctions, they never saw alternative payment system like bitcoin as an option or priority.  So it is necessities that drives people and government to take certain bold decisions and the importance of robust financial system will not be overemphasized.


When you have money and power,

In actual fact, when you have power, you can control people or money. That means with political power then you can make policies that can increase people's wealth or reduce it. Therefore a government (head of government) can decide to roll out policies that will affect some areas of business because of certain individuals they want to pull down. So power rules over money, that is why some people gun for political power after they have made money because they want to also protect their business.
2159  Economy / Gambling discussion / Re: Gender in Gambling [differences between Women and Men in Gambling] on: August 19, 2023, 11:15:03 AM

Women also prefer putting their focus on other stuff than in gambling because they all know its negative effects and it also hits different when a woman is known to be in gambling. It usually affect their reputation so most women are actually getting rid of it.

A large percentage of women see gambling as a wishful thinking where you dream of big and you don't put in work into it. They are different with men regards to finance, large percentage of men will take risk for money but just few of the women folks will consider to take such risk. Talk to a lady about gambling her way out of her financial hardship but she would rather she held back that little money she has because she is not certain to multiply it but a man will try that as a chance to double what he has. When it comes to money, women are quite different from men and that is why they are known as home keepers.
2160  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: Try your luck with 1 to 1 odds game on: August 19, 2023, 10:23:30 AM
Any websites that involves connecting of wallet is very risky and that is another soft way to get user's wallet got sweep off, what are the probability that when a user wallet is connected they are safe and won't get their data got stolen. and even as that people may finds it very difficulty to connect their wallet to this site. Website is too empty and not convincing Avoid there are every possibility to get hacked

I don't know why I have to connect my wallet to a site before I get paid on any winning. That is surely risky to do because once your wallet get compromised, the rest is history. I rather play with what I'm use to than trying an adventurer journey that the outcome looks unpredictable. To think of it, you can as well have same games and fun playing with casino and if you are lucky to win, you reward is sent to you on your casino wallet and you don't need to connect your personal wallet to get paid.
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