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2241  Economy / Gambling discussion / Re: Anonymity is no longer a benefit of gambling with cryptocurrency. on: August 10, 2023, 05:37:39 PM
I totally disagree on the use of KYC to counter money launderer since it’s useless in crypto because everything is decentralized and it’s very hard to spot user that laundering money and differentiates it to the normal player.

I think with the KYC on some crypto-centralised platforms like exchanges or casinos, money looting or ill-gotten gains with money can still be detected, but that's when the wallet that holds the coin has been flagged, and if it's been flagged, the centralised platform to which that coin is being deposited can freeze your asset. Depending on whether they are aware that the sender's wallet is flagged or if it's a casino that you deposited to and you also pass KYC with them, they can hand over your personal details to the investigation team that is involved, and the victim can be traced and get caught. Unless it's a crypto casino that doesn't require KYC, even if they don't require KYC but get notified that a deposit has entered their platform from a flagged wallet, if they fail to comply, the casino can still get charged by the government.

That is possible yes since you can trace which wallet that an illegal or flagged wallet address is coming from. This is also as it happens with the banks, they can trace a flagged account and in their case restrict it or limit the transaction that goes there. In cryptocurrency, whether KYC or not, government can mandate a casino on a flagged wallet if they suspect any transaction from it
2242  Local / Politics and society (Naija) / Re: This idea go reduce our daily expenses. on: August 10, 2023, 04:33:15 PM
My country person,  this matter wey you bring so, na better one oo but make you also know we even get light talk mlrenof the one wey go charge motorcycle for over 12 hours make person no go buy problem put for house.
Make we take for instance,  situation  were by we don finally buy this machine wey you dey talk so and maybe Nepa flash us light for make I say about 2 hours and we finally charge the bike for 2 hours and we wan enter road for about 3 hours, na e be say person go hang for road be that pound I no fit even imagine say I dey trek talk more of to even push pike join am.
My sister abeg make we leave Oyibo matter for them abeg because this kind things no go easily work for we country and beside if you wan use gen charge am, make we no forget say na still fuel we go still buy, sister I go enter transport make I no go start wetin I no fit finish.

My brother you talk am as e be. See no way wey you take find money wey dey easy. For Naija, nothing goes for nothing. E just be like someone wey wan to cut cost of transport wey stand for road to enter cheap moto instead of going to park because him wan savesome money yet him no go see anything save and sometimes self Dem go lose phone join or enter one chance.

My point be say take rope put for goat and put goat for rope na the same thing. Dem dey bring electric rechargeable transportation like say light dey. Gas wey people still dey manage, don still dey go up. Confusion dey the country incase we never know.
2243  Local / Nigeria (Naija) / Re: 400l student bags presidential appointment on: August 09, 2023, 08:48:57 PM

This na welcome development becos we presido don at least recognize the youths and she dey passionate about using her skills to making a difference using this Tax Reforms as a platform. Una feel say dis na over ambition for her side? Considering as nah just member and not chairman wey she be?


We suppose dey see say this government no mean well for the masses. I dey ask say why is he always focusing on taxes wey nothing dey people pocket. No jobs, no infrastructure or amenities, you want increase electricity, education fee high. His style of governance has been like that even while in Lagos as governor. You dey serious about taxing people while economy dey fall daily. See cooking gas don begin dey add money.
2244  Other / Politics & Society / Re: The fate of Democracy in West Africa shakes on: August 09, 2023, 06:05:30 PM

As a Nigerian, I hope this coup will not affect our security, economic stability, or political stability.

It will definitely affect Nigeria, Nigerian people and their economy. In fact it is already affecting the states that share borders to Niger because of the closure of boarders. Closer of boarders means no bilateral trades and both neighbors in Niger and Nigerian states will have the first impact.

It will affect our security and everything if Bola tinubu allows himself to be used by the Euro or Americans to instigate ECOWAS to use military on Niger. If he doesn't read the hand writing on the war and goes on to do that despite the challenges of illegitimacy of his government that is still challenged in court, those West Africa countries that have pledged support for Niger like Burkina Faso, Mali etc will come in from different Nigerian states and that will mean disaster for Nigeria because the Nigerian military is already stretched in fighting of boko haram and other insurgence in the country. So he should better play cool.

The African politicians are the cause of insecurity and coup that they witness because they are selfish, corrupt and will not allow democratic tenets to grow, no rule of law, they don't obey court judgement. In fact no difference with West Africa democracy and military rule.
2245  Economy / Gambling discussion / Re: Healthy mindset to save earnings from gambling on: August 09, 2023, 05:16:16 PM
It’s easy to win in gambling especially if you are more than lucky and have perfected some skills in gambling,

How is gambling easy when you rely on luck. What is easy is what people win at ease but not what depends on luck because it is not everyone that is lucky. Some people have not been lucky in anything all their lives not because they are not good at what they do.


And once you see profits from gambling, separate your profits from your spare cash. When you lose your cash, call it a day. Go home without worries.

This is a good idea and advise. Don't always relax because you have been on a winning mode. Safeguard the winnings you have had by setting a budget to play with incase you lose the current game.
2246  Economy / Gambling discussion / Re: Reckless gambling starts after a win round. on: August 09, 2023, 04:55:12 PM

Inner will-power or self-control is the only way to control any form of gambling addiction if you ask me.

The state where you lose self control then you will slide into addiction as you keep going into the game frequently whether you are winning or not. In all lives endeavor, if there is no self control then the person will act irrationally because he has no control of his actions. A bettor on a winning mode will keep playing irrespective of his win likewise he who is losing just because the will power of control has been lost.
2247  Economy / Economics / Re: New Research found Work from home workers to be less productive on: August 09, 2023, 02:54:05 PM
Do you think that if workers are given the chance to "own" a task like freelancers they'll be more productive because it is just like being self-employed where you treat it as your business and not with the mindset of another man's business?

It depends on the nature of job. Freelancing jobs for instance may not need instead delivery, you are given some time to produce what you are working on. In fact, working from home is more suitable for a freelancing job but if you work in an environment where you need to attend to people on a daily basis then you will be short of performance because you can't do such job in proxy, so it all depends. The research isn't correct as such. If you are a crypto investments analyst then you don't need to be at your office all day to do such job.
2248  Other / Off-topic / Re: Keeping your gambling habit a secret. on: August 09, 2023, 02:26:47 PM

Those that keep their gambling habit a secret is it that they're not proud of what they are doing?.

It is not that they are not proud of what they do but we live in a world of psychopath that people expect you to behave in certain way which is the norms and custom that people are known with.

There could be two are three reasons that I can justify that people hide such gambling habit and one is that of religion and family upbringing/background. It is like the case we treated here where a boy from religious home won $46k from sports bet but couldn't freely disclose to his parents who are religious people.

Another reason could be the marriage status. If a man is married and the wife doesn't like gambling, while the man does, it is likely that the man will continue but will hide it from the wife. I have seen a man who hides his gambling habit from the wife but other people know about it, sometimes the woman criticize gamblers and vouch for his husband that he doesn't involve in such unrewarding venture but people would laugh at her ignorance.

Another reason could be what people will say, that is the society especially when they don't know you are gambling. If you are a prig then you are likely to be hiding your gambling habit.
2249  Economy / Gambling discussion / Re: do anyone have done this? with gambling platforms on: August 09, 2023, 01:00:03 PM

If I get the chance to win a lot of money, I will stop and withdraw the money because I may not have another chance to win anymore. Instead I can lose money in the next round, I better stop gambling and get out of the casino. It can help us to maintain the self-control that we are practicing so that we can continue to be aware that we cannot always win, let alone win a lot. We also have to know that in gambling, we can't always win after getting a win.


This is easy with someone who is not a gambler but have just tried few times and accidentally got a winning. Such person can decide to back out but for someone who does gambling often times, he won't stop gambling because he has won some money from the casino because he understand that it is his turn to win and the luck has come to him. He can only be careful not to lose more than he has been losing already. It is greed that make a bettor to lose higher than he has been losing because he wants to take higher risk.
2250  Economy / Speculation / Re: Bitcoin on Weekly looks Dangerous on: August 09, 2023, 09:08:07 AM
I’m not seeing danger when I look at that chart. It seems to clearly show that the market has been steadily pushing up since bottoming and is still within the trading range. If anything I think it shows that now would be a good time to buy if the market does remain bullish. I’m expecting the next 6 months to be good ones for holders.

I would rather be patient a little more till the month ends because I see from op's chart that it is gradually pointing at 24,500 which is a support. So if it gets there and bounce of then one can comfortably buy in , or to wait and see how the month price will end. The expectation of next six months depends whether the price will bounce on 24,500 because that seem a strong support or whether it will go do further or bounce off for bull continuation.
2251  Economy / Economics / Re: The future of Farming. on: August 08, 2023, 10:11:34 PM
In our formal farming systems, we used our physical energy and power to work in our farm land, but these days we all rely on chemicals substance that why we can no longer manage our farm land and that is why we need physical energy. The reason why land is getting less in fatal in teams of production is because when the reproduction is more than two to three teams in a particular piece of land the manual of the land will be very weak in sense that the seed will not germinate very well.

You sort of contradicted yourself at the end of your post. At the beginning you condemned the use of chemicals on land or farm and at the end you identified that not rotating farm is responsible for low harvest. Therein is the issue of chemicals and why it is important to help farm products to grow faster. If fertilizer is applied in a particular land during cultivation and fertilizer is not applied in the second farm, the former will grow faster and produce good fruit. Chemicals are used to support farm and that will help to increase the quantity of farm produce.
2252  Economy / Gambling discussion / Re: Reckless gambling starts after a win round. on: August 08, 2023, 08:52:11 PM

I'm not sure if it is all about winning; just imagine playing computer games. Are you not playing the games if you lose a round? You still play, right? not because you lose but because it is fun. Though winning is really fun, it doesn't mean that if you lose you won't be entertained because in gambling there are really people just looking for fun, and even if they lose, they still play on it. I've seen a lot of documentaries that show that most people who got addicted to it lost a lot of money and are now selling their properties just to gamble.


Playing computer game doesn't really merge with gambling because gambling you have your emotion to struggle with as your money is involved but mere play station only spike you up but you don't take reckless emotional decision, only to play and have fun , no money is involved.

That documentary is actually teaching against chasing losses because that is the major causative factor that will make someone become an addict. Addicts don't play for fun but for the purpose of multiplier.
2253  Economy / Economics / Re: Real estate vs cryptocurrencies vs business on: August 08, 2023, 06:35:08 PM

Which one would you choose from these and why?


To start with I hope we understand that all the factors listed are under business? They all involve risk and reward.

Let's imagine that you have half a million US-Dollar/Euro/GBP and want to feel financially safe and build a better future.
1. Real estate - It's probably one of the safest investment option out there. Inflation rises, rent and apartment prices rise too, if inflation turns into deflation, your rent/apartment price still remains the same. With half a million, you can buy two or more good apartments in eastern Europe and live on your rent income.



I will choose real estate and the points you made on it are nothing but the fact. Land of house don't get devalued just as inflation is hitting hard. If the house depreciates as a result of wear and tear, you just go on renovation and it is back to modern taste. Real estate value appreciate as the days go by, you can mortgage, lease it out while you are not even occupying the premises you are earning from it.

On the other hand I can only invest as second option in bitcoin.
2254  Other / Politics & Society / Re: a slap on the faces of patriotic citizens on: August 08, 2023, 06:09:01 PM
In a real and ideal situation, those who criticize government are suppose to be those allowed to show what they have to offer because it may seem that they have better idea. I said ideal because assuming the system is not corrupt, so that they can genuinely offer something positive to growth of the country but the problem is when such person get into power or government and meet bad system, they eat their words and start doing same thing that they have criticized or they are frustrated out of the system by those who are feeding from the corrupt system.
2255  Local / Nigeria (Naija) / Re: The best idea for every Nigerians on: August 08, 2023, 05:42:32 PM
The talk wey I get to yarn about this gas generator stuff be say e still dey look risky for me. I never get moral to even stay where Dem dey use am not to talk of using it. My question be say wetin be the level of savings wey person fit get from dat because if we dey follow people dey do something, we suppose also dey check the gains and loss. Now somebody wey no dey use him generator for business, meaning say your level of fuel consumption fit no dey high like you dey use am time to time, you suppose know how much you dey save whether e worth am to go start using the gas. If business people decide to use am base on say Dem dey safe money from am, Dem fit get point but no be for low consumer of fuel to begin stress their self on d thing.

And one big question be say, hmmm what if this government go increase the price of gas?  Grin Because nothing dey stable for Nigerian governance.
2256  Local / Nigeria (Naija) / Re: God's Blessings In Our Crypto Journey on: August 08, 2023, 03:44:19 PM
You sabi wetin make you drop this post and unto say you sabi what's up about our struggle for the local board matters, that one speak volume. Anyway, yes God na ultimate in everything wey we dey do. Even when people dey plan bad for us when we know no, him dey protect us because him say him desire for us na for God and not for evil. As always, he is great and mighty God.
2257  Local / Nigeria (Naija) / Re: TRADE VS HODL, make we avoid wahala. on: August 08, 2023, 03:14:25 PM

Imagine needing urgent cash and you have Bitcoin, won't you trade it for fiat money,

For this aspect wey you take give example now, I will consider this as selling your bitcoin for cash or to convert am to cash. This one dey different from trading it. Trading also dey different from hodling your bitcoin for your wallet or exchange whatever where you leave am. But to trade bitcoin, you are talking about futures trading where price moves up and down and you fit make profit from each of them if you get ur analysis well. But if you need urgent 2k and you sell your btc to buy wetin you want, na sell you sell no be trade in the broader sense of trading.
2258  Local / Nigeria (Naija) / Re: Bitcoin price speculation (BTC/NGN) on: August 08, 2023, 11:53:12 AM

It simply as a result of the fall in the value of "Naira" that is making no much difference between the two prices of BTC as given above, because like play like play, with the fast pace in this fall in the value of Naira, don't be surprised waking up one morning and seeing $1 selling at #1000, which I'm sure that is likely to occur before next 3months time. And same $1 likely to be trade at #1500 before December.  And on that note, dollar or Bitcoin is the best option to save funds now, for those who want to escape inflation of our Naira currency.


If naira fall against dollar to the levels wey you don mention, me no go too surprise. The only thing be say that #1,500 per $ for december wey be around 4 months time fit no dey realistic but whether we go hit #1,000 per $ , dat one fit happen. Meanwhile, we no even need to compare bitcoin and naira, naira no dey gain any strength because the government never do anything wey go increase foreign reserve, the economic no dey export, so you see some much naira chasing dollar because people want change am to travel or important something.


And on that note, dollar or Bitcoin is the best option to save funds now, for those who want to escape inflation of our Naira currency.


Me I no go even advise person to hodl money for dollar because that one too fit crash if government decide to make one stupid announcement wey dem no go follow but bitcoin is not affected by within government talk. However, even dat btc self only good for this time wey we dey expect halving and bull run, apart from that if bear hit someone for bitcoin, na next four years oo. The best na to trade btc after bull. You fit hodl am now because of the bull but we know say correction go happen after sometime.

However, I no sure say guys wey dey here dey feel d inflation like those wey dey outside dey earn in naira on top government bare promise to increase their pepper for the month. As naira dey fall, dollar dey rise. The difference in the increase of dollar dey help take care of the inflation to an extent.
2259  Local / Nigeria (Naija) / Re: We suppose use pidgin English de post for our local board. on: August 08, 2023, 10:52:30 AM
Normally but them we gats understand say some people dey here wey nor fit write in pidgin except their mama language. All still join. And for Charles, it doesn't matter whether our ATMs are in English or news is being broadcasted in English. May I remind you that you can actually choose your preferred language ? Even when you call the network providers. May I also remind you that there are news channels - TV and Radio that broadcast and have their programs strictly in Pidgin, zero English. But then to each man him own...nor be rule say we must write in pidgin but na just based on your preferred choice.

Ur clarification make sense. Well apart from say English too enta us unto say the lingua franca tin wey take so much of our mother tongue away, some sabi write pidgin but dem no just want to write wit am. Me even lik 2 even flow with pidgin, e dey sweet and away 2 code ourselves here. If we dey yarn english all d tim, anybody 4m oda board go dey follow us bumper 2 bumper & no all d tin wey dey sup here, e no too make sense. Although d issue start 4m top as we no get one unifying native language as we see for oda board. Except say pesin sabi french, german, u no fit jus enta dose board 2 no wetin dey sup dere except u wan translate.
2260  Economy / Gambling / Re: Why don't land-based casinos have an online version? on: August 07, 2023, 10:05:03 PM
It's also to a double advantage though... If a landbase casino decides to develop an online version of their service, then they're entitled to a double, or even a triple turn over...


It is not always that way you are seeing it. I believe if such happen, those gamblers who are already playing their land base are also likely to be those also signing up to the online with just very few more to it. But usually the patronage may not be widely different because someone betting on the land casino will not have much to bet online and vice versa.


It's quite exhausting and time-taking as there are so many processes behind the validation protocol.. apparently, that's the reason any landbase casino owner won't wanna conceive the idea of putting up a software structure too... Secondly, they'll be entitled to double expenses since they'll be managing boths interface.

Sandra 🧑‍🦰

You are right on it. There is a reason to choose a land based casino. The owner may not want to undergo the processes of online casino and if he comes up with the idea later, it means he has prepared to take up the challenge.
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