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2181  Economy / Gambling / Re: Sportbet.io lock my account. I cant play game or withdrawal on: July 09, 2022, 07:34:47 AM
You play with a same day deposit and claim with the free spins most of the time they require a KYC for the users who would is just created an account and win a large amount and next would like to make a withdrawal with large amount i guess wait for the update of the sportsbet and one of the best way is contact their customer support with the issue while waiting by that it can be fasten your waiting time for the reply of the representative.

Base on his post above, He already contact support since he already done KYC as per the support instructions until this happened to his account. He is just trying post here for arwareness and to speed up the process of his concern. I really doubt this user claim because sportsbet support usually reply very quickly in both email and live support. I really hope for the success of claims of this user if he is telling the truth here but sportsbet will not accuse him without basis.

I asked their reason and they didn't answer me for more than 1 day

If they have already investigated and determined you are a person with multiple accounts then there is nothing left to investigate further, so further correspondence would be a waste of time. They are a huge operation and having to pay out a few thousand dollars is very little in the grand scheme of things to them. It's not impossible that what you're saying is true, but you have basically a brand new account here with little reputation to back up your claim and it's astounding when people jump in to smear a casino that has usually responded to complaints in a reputable manner and in the most public way possible (barring privacy limitations). Unfortunately screenshots are not evidence because they can be edited to show anything you like with a couple clicks. At best, you should consider yourself lucky if your initial deposit is refunded and move on to a different casino.

In another post you state:

I have 200 free spin gate of olympus when i wager 200 usdt. But i dont use VPN sir

and I got a about $30  from 200 fs

So, you started with $80.. played a bunch of games (that are naturally tilted to a house advantage). Somehow made your way to $200 to unlock a bonus 200 free spins? Or did you have to deposit $200 for those free spins, which conflicts with what you said about depositing $80? From those free spins, you at most had $230 in the account, where did the remaining $3,300~ in supposed winnings come from, you kept good track of where you won to this point?
2182  Bitcoin / Bitcoin Discussion / Re: Small Investors and Whales Still Believe in Bitcoin, Big Purchases This Month on: July 08, 2022, 06:59:10 PM
Currently bitcoin volatility is still very high with price movements up and down in the $20k-22k price area.
In this high-voltage condition, the reactions of the respective market participants towards the purchase of bitcoins, especially the Whales and some large investors, can be seen.
A number of different holdings seem to have reacted differently in this condition of vitality. Not only whales, Bitcoin investors under 1BTC also make purchases regularly.

From a data report made by Glassnode, which is one of the world's leading Crypto Analysis companies, small and small investors have recorded significant Bitcoin purchases in June 2022 and even the most aggressive purchases since March 2020.

It was noted that small investors on average made purchases of 36,750 BTC per month until June 2022 with a total ownership of 1.12 million BTC in small investors or about 5.33% of the total Bitcoin supply.

This indicates that retail investors who are generally considered small investors still seem to believe in the future of bitcoin.

While Whales according to Glassnode data make purchases of 140,000 BTC per month until June 2022, there is an estimate from On Chain data that whales currently own about 45.6% of the entire Bitcoin supply.

Also looking at IntoTheBlock Data, by looking at even bigger Wahles with 100,000 BTC holdings also made significant purchases.

It can be seen that whales who have Bitcoin above 100,000 Bitcoin experienced an increase in purchases of 17.16%.
And from the data it can be seen that the big wahles currently control around 779.550 BTC or about 4.08% of the total bitcoin in existence.

This proves that from small investors to big investors still believe in the future of bitcoin

Imagine you're a billionaire, you've got so much money that you invest a whole swath of it in company shares. Those company shares pay out a dividend of profit sometimes every three months, those dividends buy more shares so in 3 months time your dividend payout increases. So you have money making more and more money, what does it matter to you if you drop a few million into a risky asset class? No big deal if it goes to zero with all your other investments going strong. That's why the average user should not put too much faith in what the whales happen to be able to afford.
2183  Economy / Gambling discussion / Re: Any changes experienced within body - Gambling??? on: July 08, 2022, 06:39:13 PM
Gambling have brought me big wins as well as drastic losses. If my entire statistics is calculated this used to be in loss. I've tried different plans to keep me away from Gambling, however I wasn't able to do it. In the beginning I never mind when I experience loss, because I was single and now I have a family. I used to gamble without fear.

In recent days whenever I get into gambling I used to experience some changes in my body. Particularly stomach pain and I myself found the difference while gambling and not gambling. When I wasn't gambling I never have such issues and I myself checked Google and diagnosed the below. Does anyone have similar experience. Atleast for my health I need to give up gambling.


Irritable bowel syndrome
Also called: IBS, spastic colon

People may experience:
Pain areas: in the abdomen
Pain types: can be recurrent in the abdomen
Gastrointestinal: change in bowel habits, constipation, diarrhoea, inability to empty bowels, indigestion, nausea, passing excessive amounts of gas, or urgent need to defecate
Abdominal: cramping or discomfort
Also common: anxiety, depression, discomfort, loss of appetite, or symptoms alleviated by defecation

Google

That's a rather strange list of symptoms that you came out with.. it is the longer term changes to the wiring of the brain that are likely to do the most damage however. As you pick up this gambling habit, your brain starts to desire the happiness that a win brings you as a reward. The more you do it, the more accustomed your brain becomes in chasing that reward and the only way to do it is to gamble even more. It can actually cause a lot of stress because of the lack of self control and when you run out of money - where to source more from in order to fulfill that desire. That also generates anger when you cannot gamble, because you've run out of money to fulfil your favorite activity.
2184  Economy / Exchanges / Re: Binance remove BTC trade fees to mark 5th anniversary on: July 08, 2022, 05:47:15 PM
World largest crypto currency exchange, Binance celebrate their 5 years anniversary and with this comes the announcement to remove trading fees in it's worldwide platform.
 This initiative was promoted by a strategy devised by its US subsidiary, Binance.US. who smashed fees for Bitcoin spot traders with an aim to foster growth, increase its popularity and also boost competition. The move taken by Binance.US has sorely affected the stocks of rivals, Coinbase and this will take effect from 8th of July 2022.
 Reports have it that Coinbase stock fall by 10% as announcement on Wednesday by rival crypto currency exchange company, Binance was released same day as well, of their intentions to make sure users be able to spot trade across 13 stable coins and fiat combination including BTC/ usdt, BTC usdc and BTC/ BUSD. This news should elate traders as they can be able to enjoy the fee cut benefit with US dollars. https://www.google.com/url?q=https://www.coindesk.com/business/2022/07/06/binance-extends-zero-fee-bitcoin-trading-globally/&sa=U&ved=2ahUKEwiKnKbG9-b4AhUqQEEAHUTGDOcQFXoECAEQAg&usg=AOvVaw2uvS5um43s7TIK2-IVMlHl

Considering they already make a huge amount when you try to withdraw money, this seems like a long overdue gesture and should not necessarily be applauded. Last time I checked they charged a fixed rate of bitcoin to withdraw funds that never changed to accommodate the huge rise and fall of the price of Bitcoin - absolutely greedy behavior. Now we see 50% less people interested in cryptocurrency from the peak and it may fall even further if it continues to languish or drop even further. While the trading platform at Binance is revolutionary, there is something about their high fees that put me off ever using them again and I'm sure that could be true for many other customers as well.
2185  Economy / Gambling discussion / Re: An alternative to gambling with money. on: July 07, 2022, 07:48:08 PM
The most popular suggestion you can get when trying to quit gambling especially when you are continuously loosing money is mostly that you should just stop gambling itself. This sounds like an almost impossible task for many who are already hooked to it and just hearing that alone is discouraging. A better suggestion and an alternative to quitting gambling completely is to start betting with fake money gambling apps. With FAKE MONEY GAMBLING APPS, you can continue gambling on the app even on live games, but with fake money. So in reality you can maintain the experience you derive from gambling and not loose any money except the fake one in the process.

Although the original idea behind the creation of such apps was to provide a platform were individuals can practice their betting skills without loosing money before actually gambling with real money, i still find it useful to those trying to quit because they keep loosing money.

In Order of user rating and for suggestion sake, some of the best fake money gambling apps according to user experience, core functionality & innovative solution are (please note that some of these apps still offer real gambling services, and if you really want to stop loosing money, you should avoid)                                                                                                                                         
Quote
- Bovada is an app made by Toloka Product. It has an average rating of 4.9 and has received 6648 ratings.
- DraftKings – Daily Fantasy Sports for Cash is an app made by DraftKings, Inc.. It has an average rating of 4.5 and has received 81454 ratings.
- BetQL – Sports Betting Data is an app made by QL Gaming Group. It has an average rating of 4.2 and has received 591 ratings.
- Sports Betting Tips & Sports Picks by KingPin.pro is an app made by www.KingPin.pro LLC. It has an average rating of 4.2 and has received 376 ratings.
- BETUP is an app made by UPAPP. It has an average rating of 4 and has received 31685 ratings.
source

What is your opinion on Fake money gambling apps, do you recognize the potential I think they have to assist in reducing the number of gamblers who loose real money?

Sadly people who are in trapped in the cycle of any addiction usually find it much easier to continue than fight back against it. The day you decide to truly break a long term addiction you have to put a huge conscious effort in to avoiding that activity and you really have to be finished with it. It might take multiple attempts before you can free yourself with a few failures in between. Playing with virtual money to a gambler is absolutely meaningless and is likely to be more harmful because it keeps them in the same sphere as the problem activity. It is best to stop completely and avoid any situation connected with gambling if you want to quit, or you open yourself to falling back into it again. At the beginning it's hard to have that control but after a while it gets a lot easier to resist.
2186  Economy / Gambling discussion / Re: Careful With Your Slot Activity! on: July 07, 2022, 07:25:23 PM
Long time not online here and i'm back just wants to share a new case around me that related with gambling, especially slots.

My neighbor is in debt of $9000 just for playing slot games. This is bad, considering the amount of money in my country is enough to build a house.

History:
- His friends share the winnings from slot to him
- He is interested an trying to play
- He's being addicted
- Lose and owe to his friends and bank to play more but so sad he is loss again till his owe hitting $9000
- Hard to pay his owe, he finally ran away and now his family need to pay all of his debts.
- AFAIK, his family wants to sells their land to pay off the gambler's debt.

So, careful with your slot activity. make sure you are staying away from any loan just for slots. Actually, this case not from gambling sites just playing android games named "Higgs Domino"

Slots are definitely the most garbage excuse for a game that anyone could ever play and I don't know how anyone can get joy from mindlessly hitting a button to see an artificially generated reel. If you get any sort of entertainment from such games you should seriously consider going outside and finding something else to do in the fresh air. I don't understand your first comment - his friends shared their winnings with him, which got him hooked on the idea it was possible to win long term and not a fluke by others? Why would his family have to pay off his debt? If they are getting harassed in this way, surely it's better to sell up and move away rather than pay money they do not owe personally.
2187  Economy / Economics / Re: Unemplyment at least 50% how world will look like then ? on: July 07, 2022, 07:16:12 PM
Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down


The world would be unrecognizable and if it ever got to this sort of state in most countries then we would likely be in the midst of world war 3. Your idea that prices would be 80-90% down is meaningless, because at that point half the people would have no money to spend and be descending into absolute poverty. Governments would collapse as the tax receipts dried up, public services would be severely depleted and infrastructure would start to be neglected, falling into disrepair. Most advanced societies really struggle if they in the worst scenarios hit 20% unemployment and it can really drag development back in time at this level. Anarchy would start to descend, with supply and demand seriously out of whack.
2188  Economy / Service Discussion / Re: Bank of America reported a 50% decline of active cryptocurrency users. on: July 06, 2022, 07:22:09 PM
They've been some kind of let's say an argument or two-sided opinions if it's okay for the bank of America to publish genuine cryptocurrency stats. A few hours ago, a tweet was made on this report about the decline of active cryptocurrency users in high numbers, ranging from 1 million to 500k. To me, this sounds like FUD news and in other people's opinion a true stat since it could be generated from exchanges. How possible could this be? Although we know, the cryptocurrency market is bearish now and people are withdrawing their funds as quickly as they could. But, not to such a number unless the LUNA deceased investors made up most of the stats. What do you think?

It's unsurprising in a way, crypto has lost it's sparkle in the last few months and no longer looks like the rollercoaster that is climbing ever higher. People were drawn to it for such a long time because more money was piling in every day, but it was almost bound to reverse like any bubble in history. In the long run it will be better for Bitcoin if it returns to a much more realistic price, like it's at right now, and avoids the huge mass of speculators who were not properly interested in it's functionality. It has a great role for moving money around between countries, but for day to day transactions it is pretty inefficient when you compare it to existing payment networks.
2189  Economy / Gambling discussion / Re: Something Like This Happen To You on: July 06, 2022, 07:01:16 PM
We experienced unexpected events or moments in gambling like this one, you are calling it off a day in a session then you're suddenly on a winning streak thinking that it's your time to get back what you've lost will you go or will you stop and come back the next day.

I'm sometimes tempted to continue but I know you cannot beat the house, so most of the time I just call it a day and just wished that tomorrow or next time it's my lucky day. What about you what's your take.

It's very easy to get tunnel vision when you're in a long gambling session, some people might even have great concentration at the start and not realize that they lose it the longer they hang around. Things like consuming alcohol and growing more tired can greatly effect your decision making skills. Places like Vegas have built the whole psychology of their casino's around some of this behavior, like removing any clocks from the rooms and keeping them in glaring brightness 24 hours a day. Sadly for most, the longer you stay in a losing session, the worse the eventual outcome is likely to be as your mind tricks you into thinking that a win is just around the corner or that somehow the casino owes you a win which might bring you above break even.
2190  Economy / Economics / Re: Sensational Push For Cryptocurrencies As US Fed on: July 06, 2022, 06:36:54 PM
https://coingape.com/big-boost-for-cryptocurrencies-as-us-fed-panel-gives-its-nod/
Sensational Push For Cryptocurrencies As US Fed Panel Gives Its Nod
"In a surprising development, a panel of speakers hosted by the U.S. Federal Reserve had on Tuesday gave a big boost for the cause of cryptocurrencies. They recommended that crypto assets be allowed to flourish in the U.S. economy as it would further strengthen the dollar’s status. The Fed cryptocurrencies discussion gave rise to some interesting observations."

Maybe the Fed is realizing that Bitcoin is not a threat to the hegemony of the US dollar, because it simply cannot handle anywhere near the amount of transactions required to be a direct competitor. It's starting to see it as a competing currency that is rather limited and inflexible in it's ability, yet embracing it will allow US companies to continue pioneering large companies in the cryptocurrency field. There may be a crypto one day that can supplant the US dollar, maybe it already exists, but this sort of signal suggests that the US central bank is willing to continue with a rather lenient policy about it. A lot of the cheap money that the Fed printed and released was the main driver for Bitcoin reaching it's previous all time high.
2191  Economy / Gambling discussion / Re: Casino can play a role in changing fortune? on: July 05, 2022, 08:47:16 PM
Many of us who play casinos, suffer more or less. Many are blaming it again that it is a money-losing machine. In this regard I would like to share a success history by playing casino game. It is only for knowing the truth especially those are don't know the fact.

Many of us may know the name of an international courier service known as FedEx. This courier service company headquarter is in Tennessee, USA. FedEx currently distributes about 1.2 billion parcels a year in 220 countries with an annual revenue of about 3 billion. Smith, founder of FedEx, started his business with 84 million us dollar. At that time he started operations in 35 countries with 8 planes. But at one stage, the price of plane fuel increased and that contemporary time courier service did not become very popular. His company is on the verge of bankruptcy. Smith come back to Las Vegas feeling sad. At that time Las Vegas was known as the capital of casinos. He had only $5,000 when he entered a casino with a depressed mind. His destiny was revealed. He earned about $27,000 with in a week. Smith come back to FedEx headquarter and invest his money on his company even though his money was not enough to run the company but with his hard work and enthusiasm he arranged to send all the parcels. in this way he established his company.

This is really a good success of smith as well as FedEx with the favor of Casino. By the way, i am not sharing it to encourage anyone to the casino.

You don't really give enough information on this to make it a wow story. If he went into a casino with poker or card counting skills before it was heavily tracked, then it is very possible that he used many years of practice to accumulate those funds with a starting bankroll - that would bring the element of risk involved right down. You could truly say he "earned" it in that scenario. However if he went wild on three games of roulette and managed to double his money by fluke, then he is probably the one out of a thousand, hundred thousand or maybe even a million who beat the casino at their own game. These casinos are masters at what they do and earn big money year after year, it's not impossible but it's extremely rare for people to walk out of them on a regular basis with more money than they started.
2192  Bitcoin / Bitcoin Discussion / Re: Hacker claims to have stolen 1 B records of Chinese citizens, demands 10 BTC on: July 05, 2022, 08:01:16 PM
A supposedly hacker stated that he/ has stolen at least a billion of Chinese citizens record. The Shanghai National Police (SHGA) data was leaked with those information like: name, address, birthplace, national ID number, mobile number, all crime/case details.”

https://www.reuters.com/article/china-data-hack-idTRNIKBN2OF0I1

As for the veracity of the news, CZ has this to do say:

Just baffling though that the hackers is asking for just 10 BTC? Maybe he thinks that asking for me, the Chinese government or whoever agency is not going to pay him?

And let's say he did received his ransom, how can he hide it?

He's not considering whether the Chinese government would be willing to pay him - they'd receive no benefit as he'd still have a copy of their data. They are likely looking for any other country who might want access to this data, if it exists, which might be very beneficial to certain intelligence agencies in piecing together information in future. To the average person or company, this information is mostly worthless anyway because it's very hard to make money out of this enclosed ecosystem. If it's real, this person likely has a target on their back from every Chinese police service and will be highly vulnerable to backlash if they are ever identified in future.
2193  Economy / Gambling discussion / Re: Can change of environment have an effect on gambling addiction. on: July 05, 2022, 07:52:26 PM
You will agree with me that society and the environment can have a great influence on the lifestyle of every individual, you often can find yourself doing, or being involved in that activity that almost everyone is involved with in that your locale as a result of influence. Now considering someone who is a gambling addict, is there any possibility of him/her becoming better if they are relocated to another environment or society where people around are not involved in gambling?

Can someone still develop the habit of gambling and become an addict even though no one around gambles?


Of course someone can fall into gambling, people pick up habits every single day and then find them hard to break. Nobody is perfect and it is very simple to fall under the spell by just engaging a few times. It doesn't require you to be close to people who gamble, nor does the fact that nobody else around you gambles, if you try it and happen to like it too much. Many people can also be looking for an activity to fill the time and end up playing out of boredom, with the little rush that it can supply of dopamine to the brain. On the flipside, a change of environment can actually help to break the cycle and habit, if people are heavily addicted they need a change of scenery or it's very easy to continue.
2194  Economy / Economics / Re: Zimbabwe resorts to gold coins as local currency tumbles on: July 05, 2022, 07:42:56 PM
Joining the list of countries who have been strongly hit by inflation, Zimbabwe see red. The Reserve Bank of Zimbabwe on Monday announced it's plan to introduce gold coins as means of value to tame inflation. The one-troy-ounce gold coins tagged the "Mosi-oa-tunya" meaning "smoke that thunders", has been elected as the torch bearer to show them the way.
 
John Mangudya, RBZ Central Bank governor intimated that the issuance and sale of these gold coins will take effect from the 25th of this month. The inflation in the Southern African country has been mounting pressure on a population struggling with shortages, severe water and sanitation crisis, forced evictions during the COVID-19 pandemic and child marriages to name a few.

 The Zimbabwean dollar (ZWD) was the country's official fiat from 1980-2009, but was abandoned due to its inflation ravaged nature for other foreign currencies like the dollar. Plans to make the US dollar a legal tender for five years, probably to help boost their economy.
 
Instead of adopting the US dollar as a legal tender, why not borrow a leaf from El Salvador and Central African Republic and use BTC?

It seems like deja vu with the previous Zimbabwe currency crash - in turbulent times weaker currencies like these are the first to go down as people flock to much safer places. With inflation spiraling out of control in many countries, people simply do not want it and cannot trust the Zimbabwe government to act responsibly. At least it has not reached the dismal lows of hyper inflation which saw trillion dollar notes created which lost value very quickly. One day it'll be nice if people don't step in and wave Bitcoin around like it is some magic bullet to every currency crisis, it simply is inaccessible to many people in poorer countries and cannot handle anywhere near the transaction loads that are required.
2195  Economy / Gambling discussion / Re: Inherited gambling on: July 04, 2022, 07:22:07 PM
I know we are greatly influenced by the environment we are born into and sometimes become gamblers because of where we find ourselves, i also considered the possibility of gambling being hereditary and found out that it is also possible, that is gambling can be hereditary ,
Quote
Gambling is linked to a gene that is passed on through generations and a new study claims that it is passed on to both sons and daughters alike.
now come to think of it since it is difficult to escape our genetic makeup,
- Would you blame an individual who becomes addicted to gambling because it is wired to his DNA?

-Can their gambling problem be put in check by regular methods?

-Will the addiction be worse than someone who picked up the habit?

What a load of rubbish, nothing is "wired" to someones DNA. It is a learned behavior and picked up from the environmental setting someone grows up in. It is not a gene, but unfortunately whoever the guardian is to a child can have a huge impact on their development as a person. If you live around someone who smokes a lot, you're much more likely to pick up this habit. If you're around someone who flaunts that they are betting money on whatever, it's not as bad as smoking which has an addictive chemical property, you might be influenced into thinking it is less dangerous. Parent's and guardians have a massive responsibility to teach their children good behavior and it is very easy to pass along bad habits without even realizing.
2196  Bitcoin / Bitcoin Discussion / Re: How Satoshi Nakamoto Fooled the World on: July 04, 2022, 06:56:08 PM
Satoshi Nakamoto is the identity used by the unknown person, people or organization that authored the so called Bitcoin Whitepaper. In that paper, they claimed to have invented money, and a system based on cryptographic proof that uses that money and allows parties to transact directly with each other without the need for a trusted third party. Basically, they claimed to have invented a payment system with its own money. However, that was not true. They invented neither money nor payment system. Instead, they created a fraudulent investment scheme. The scheme was arranged as follows. First they developed protocols and software for attributing the scheme units to online addresses of scheme participants. But here’s the catch: the scheme units were not the units of economic resources, be it: products, capital, land, debt, licences, patents, copyrights, etc. Instead, they were just the units of a number created in Nakamoto’s imagination – 21 million. Nakamoto gave the units of their imaginary number the name “bitcoins” (lowercase “b”). Protocols and software were given the name “Bitcoin” (uppercase “B”). Then, whenever the so called “bitcoin miners” join the scheme by investing the electricity to make the system running, the software simply attributes a specific amount of Nakamoto’s imaginary units to their addresses. The amount is, of course, predetermined by the protocols. The record of attribution is stored on a distributed ledger called "blockchain". Finally, the units are accessible through the special software applications called “bitcoin wallets”. Miners use those to transfer the units to other participants that want to join the scheme. And that’s literally it. That’s Nakamoto scheme in a nutshell.

The fraud in this scheme is obviously contained in the scheme units (bitcoins). The Bitcoin Whitepaper falsely presented these units to the public as the units of money. Later, the scheme participants also started to call them: “a currency”, “a reward”, “tokens”, “an asset”, “digital gold”, etc. So, the false public presentation of scheme units as “money”, and later as “asset”, is the central point of the fraud. This is how people are lured to join the scheme. Namely, money and asset are the generic terms that people use when referring to economic resources. And it is economic resources what people are supposed to invest into the scheme. It is economic resources what all fraudsters want to get their hands on. This is the ultimate goal of all investments frauds. And that is, of course, because the economic resources are what provide utility to people. For example. Products, labor, or services, are resources that provide utility because they satisfy human needs. Land is a resource that provides utility because it supports all human activities. Shares in the companies are resources that provide utility because they grant access to profits or equity of the companies. Debt units represented with fiat currencies are resources that provide utility, because they grant access to products, labor, services or collaterals of the borrowers at debt repayment or settlement. So, other people’s economic resources are what the fraudsters are always up to. And given that money and asset are the generic terms for economic resources, calling the units of Nakamoto’s imaginary number “money”, and later “asset”, was a perfect way to deceive people and lure them into the scheme. People would simply think that they are just exchanging one type of money or asset for another. Hence, a nice trick.

But once people are in the scheme, they realize that the units they hold are not the units of economic resources. They realize that Nakamoto scheme is completely void of anything that can provide utility to anyone. So they must dump their worthless units to someone else. Only in that way they can get the resources back and have the utility. And for that reason, they are forced to spread the same disinformation that was used by Nakamoto in the Bitcoin Whitepaper. They must publicly present their scheme units as money. From that necessity, the whole propaganda and false advertising came about. And now the scheme units are not just “money”, but ‘revolutionary money’. ‘Scarce money’. ‘Money that saves people from inflation and poverty’. ‘Money that provides freedom from the governments’. And so on. Due to the fact that Nakamoto scheme is online, and thus global, and given there are a lot of gullible and naive people around the world, the propaganda was successful. It was successful so much, that on the one hand, it pumped up the price of scheme unit from zero, to a high of $70,000, with the current price around $20,000. And on the other hand, it made the whole industry to pop up. This industry is now known by the name “crypto industry”.

To conclude. Satoshi Nakamoto fooled the world by taking a traditional fraudulent investment scheme and disguise it by splitting it into units that were put online and presented to the public as the units of money. The disguise was successful and people fall for it. But given that, in its core, Nakamoto scheme is a good old investment fraud, it contains zero economic resources for the participants to access. Which is why the earlier participants can return their investment of resources only from resources brought by more recent participants. Consequently, if people stop participating (buying the scheme units), then there are no resources anymore. And those that are left holding the units, are literally left with nothing.

It seems like you fail to understand what Bitcoin is, no matter how articulate you may be and falsely assign a nefarious motive to Satoshi's actions. Satoshi has not benefited at all from the Bitcoin holdings that are still tied together in his name from the earliest mining, they've stayed in the same wallets all this time and it was only many years afterwards it reached unimaginable heights from such humble beginnings. It is the people who speculate with the value of Bitcoin who are deceiving each other - it is simply a currency like any other and is worth whatever the mass of people who share the world decide it is worth as a unit of trade. You are attributing the malicious actions and schemes of others against the creator of a technical marvel. It is a very wonderful concept - presenting the blockchain ledger of transparent and decentralized transactions that can go great lengths to preventing corruption.
2197  Economy / Gambling discussion / Re: Finding value bets on: July 04, 2022, 05:47:27 PM
Last night, Djokovic, one of the best tennis players on grass out there (potentially he is the favorite to win in Wimbledon) - had odds of 1.25 at peak against Timmy, after Timmy won one set.
Would you see that 1.25 as a value bet or not?

What if a tennis player in Wimbledon or some other big tournament, quickly goes 40-0 and you have him @ 1.10 to win the game (not the match, just that 40-0 game) - can this be a value bet?

What about a basketball match, the total line is 180.5 and the game in live goes 150.5 - is it worth taking the "over" because the line has dropped 30 points below the original line?

How do you define value in general?


I think it's an acquired skill to pick out these sort of value bets and still very hard o beat the sportbook analytics in the long run. With enough practice and a keen eye you could probably make it profitable, I was once able to pick something like 8 winning bets in a row for a free competition, although that's an extremely rare event - most of the time you'd barely be able to pick 2 or 3 correct in a row at a coin toss. Mispricing does happen and only someone who is very close to the sport is likely to know all the characteristics of who will win a certain event, in-play betting does have a lot more potential to disrupt the odds and give an individual an advantage.
2198  Other / Off-topic / Re: I think google is spying on us ,when our phones are in the room on: July 04, 2022, 05:41:30 PM
I think google is spying on us ,when our phones are in the room

I was talking about something a few minutes ago , and when i opened youtube , i got an ad on the video ,about the same thing i was talking about ...how do they know ? if not spying ...
Same weird ads i got this month a lot ...

Do you guys noticed same precise ads on your devices also ? Like they know what you want,need etc ....do you get that feeling "how did they know ?"

https://www.news18.com/news/tech/google-admits-listening-to-some-user-conversations-via-assistant-report-3914696.html

Same thing happened to this guys:
https://www.quora.com/Are-Google-and-YouTube-spying-on-us-over-the-microphone-I-ve-seen-suggestions-in-YouTube-that-I-have-never-searched-for-The-only-way-they-knew-is-by-listening-through-my-microphone-As-my-friend-recommended-me-to
https://www.quora.com/Is-Google-listening-to-me-all-the-time-via-my-Android-smartphone

I have the same thing happen and it is probably widespread behavior, definitely something suspicious taking place there. That being said, their advertising or analytics javascript is found on so many pages it's quite possible that they might be able to connect the dots via other methods. They are turning out to be a really scummy company these days, far from their original motto of do no evil. They are much more benign, but possibly more dangerous than a company like Amazon because of the information they have access to - especially when it comes to manipulating news or even individual politicians who might want to take restraining actions against them.
2199  Economy / Gambling discussion / Re: Gambling is for big bag holders on: July 03, 2022, 07:14:48 PM
After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.

If you're playing a dice type game, you have already failed and burned your money. There can be no sympathy to anyone who wastes their time on such games that involve zero skill and are guaranteed to lose you money in the long run. The fact that you are putting your faith in utter trash ideas like Martingdale is a reason for you never to gamble again, because at present you simply do not understand some very basic mathematical calculations. Casinos are not charities, they are there to take your money and put it into their pockets. You have to understand that every. single. time. you play a new game, it has no relationship with any previous or future games - that the odds are destined to eventually wipe you out either fast or slow.
2200  Economy / Economics / Re: Inflation will not fall to 2% target for two years, Fed's Mester says on: July 03, 2022, 07:08:25 PM
Quote
WASHINGTON (Reuters) -Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to fall to the central bank's 2% target, adding that it will be "moving down" gradually from the current level.

A surge in inflation, which is at its highest level in 40 years, has made hawks of nearly all Fed policymakers, only one of whom dissented earlier this week against what was the central bank's biggest rate increase in more than a quarter of a century.

"It isn't going to be immediate that we see 2% inflation. It will take a couple of years, but it will be moving down," Mester said in an interview with CBS News on Sunday.

Mester said she was not predicting a recession despite slowing growth.

"We do have growth slowing to a little bit below trend growth and we do have the unemployment rate moving up a little bit. And that is OK, we want to see some slowing in demand to get it in line with supply," Mester added, referring to forecasts submitted in the past week by participants of the Federal Open Market Committee's meeting.

Policymakers currently expect to raise the Fed's benchmark overnight interest rate, now in a range of 1.50%-1.75%, to at least 3.4% in the next six months. A year ago, the majority thought the rate would need to stay near zero until 2023.

On Friday, the Fed called its fight against inflation "unconditional."

Source: https://www.investing.com/news/economy/feds-mester-says-it-will-take-2-years-until-inflation-falls-to-2-target-2838671


  • Do you think that the Federal Reserve has enough power to control inflation within 2% over the next two years?
  • Do you think Fed can do that without causing a recession that may last for several years?

Inflation that is happening now is linked to several factors that the United States may not be able to move well, so Fed should be careful about monetary policy, analyzes indicate an interest rate of at least 3.4% in the next six months, which means more rate hikes of about 50 basis points each meeting in the coming months.

It would be nice to see inflation fall under that target within two years, but unfortunately we seem to be on a runaway train and nobody knows how to turn the brakes on. The fact that inflation is on this course is partly due to the reckless and extended cheap money that the Fed pumped into the market for over a decade, which was further topped up during Covid. It'll be interesting to see whether it is a slow and steady wind down, or a disorganized economic crash, but you should be careful putting any faith into the predictive abilities of the fed, because they are often reactive instead of proactive - they go with whatever is the most convenient policy of the current day instead of the best for long term health.
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