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2441  Economy / Gambling discussion / Re: Do You Think New Casino Should Partnered With Bounty Managers To Gain Trust? on: April 25, 2022, 08:09:21 PM
We've seen a lot of new casinos having issues with how to start promoting their project, they just come here to post their thread and that's it,  we have seen members recommending casino admin or representative get a copper account and hire a designer to design their thread this happens so many times.

Do You Think New Casino Should Partnered With Bounty Managers To Gain the Trust of the community and start on the right foot
take the case of Bitlucy where bounty manager Royse777 is the one opening and managing the thread, the thread is just perfect and everything on the casino home page is well placed.

Do you think it's a big advantage for the new casino that they have a bounty manager to be part of the team, we have a good lineup of reputable managers here.



Ofcourse it is.
Who would you rather trust ?
Someone you have no idea about initially and someone who has been in the community for a long period of time. This does not only win the trust of people but at the same time it would help for the casino to know the platform better as well since when they start usually it's not really *know-it-all* situation, very often people have to get help for the right advertising.
Plus the managers are equally important as the people who design their whole ANN page as well since that's where they are going to get the customers and their opinions as well. How they handle it fully is a whole different thing, sometimes it would be a disaster if not taken care of in every way and you have to ofc plan everything as well.

Trust is an important part, but ultimately it comes back to the bankroll of the person who is funding the show. Just like you say - things such as a well designed platform, advertising, proper staffing levels, security, licensing, the ability to accept losses on bad days and all sorts of other costs are not cheap. Gone are the days where you could pull together a site quickly as a skilled programmer, because if you ever get success in this field at the very least you might get DDOS'd for ransom and run out of money quickly. It requires a huge upfront commitment that is simply out of reach for most people and that is what really buys trust - longevity of the owners bank account.
2442  Economy / Speculation / Re: Bitcoin continues to decline, what causes it? on: April 25, 2022, 07:55:30 PM
Hey Guys, talking about my Title above and talking about Bitcoin. Basically Bitcoin is the only coin that is in great demand by people who plunge into the world of Cryptocurrency, even very many people are looking for a way and looking for ways how they can get this Bitcoin, of whom there are those who do Mining, Trading maybe is also included, maybe Bitcoin investment is also included, here we all know about this Bitcoin price, in the past few months Bitcoin price ranged at $ 63k.

Talking back about my discussion above, in the past few days I saw Bitcoin is experiencing a continuous decline in value, what is the reason? and is this the beginning of its destruction? and do you think all Bitcoins will recover with a comeback?

Thank you <3

There has been a lot of bad news lately for the world of cryptocurrency and in a world of high energy prices, anything that uses a lot of energy (like mining) is going to draw potentially unwarranted attention. There is also the fact that Bitcoin often moves in tandem with the world economy which has taken a bit of a dip recently with the war and covid still lingering around. It can take a rather long time to firm up a solid baseline and we should be encouraged rather than disheartened that Bitcoin is still 2/3 of the way to the highest price it ever made. It sucks if you bought in near the peak, but you really should only spend money on investments that you can afford to lose or be prepared to wait a long time (10+ years) for the rewards.
2443  Economy / Gambling / Re: Find out about the Best Bitcoin Casinos or any other Casinos ;) on: April 25, 2022, 07:48:01 PM
Hi Guys this is the second time that I post something about our website that I would like you to check out

On our website we do reviews of online casinos, slot games, and other stuff.

You will be able to check in real time the best casino bonuses available and you can filter them by no deposits, Bitcoin Bonuses, Exclusive Bonuses and more.

Feel free to check our website andIf you have any ideas or thoughts please let me know or please check out our forum you may see something you like Wink

It would be nice to get a clear explanation of how your rating system works, because you don't seem to accept any user based reviews when I had a look around. Having a rather opaque review system leads to the conclusion that you are mainly just interested in pushing people to the sites which pay you off the most, rather than those which may potentially be best suited to the players. While it is nice to see a list of features offered by each site, it seems like you do not go into much detail on how individual factors perform versus other sites and you only give rather generic reviews on each one. It's nice to see that you include a breakdown of RTP on the games page though.
2444  Economy / Economics / Re: Bill passed requiring drunk drivers to pay child support if they kill parents on: April 25, 2022, 07:40:04 PM
Quote
The bill is named after the daughters of a police officer killed in a DUI hit-and-run

The Tennessee legislature passed a bill Wednesday that would require drunk drivers to pay child support if they kill a parent and are convicted of vehicular homicide due to intoxication.

The legislation passed through the Tennessee Senate on Wednesday following an amendment to rename the bill after the two daughters of state police officer Nicholas Galinger, who was killed in a hit-and-run by a drunk driver in 2019, according to CBS 46.

The legislation, which has yet to be signed into law, requires DUI drivers convicted of either vehicular homicide or aggravated vehicular homicide due to intoxication to pay child support if a parent killed in a crash has any minor children. The payments would continue until each child reaches 18 years old and graduates from high school.

Galinger's killer, Janet Hind, drove into him from behind while he was investigating a manhole cover overflowing with water. Hind was intoxicated at the time and was sentenced to 11 years in prison in February.

They're proposing a law where drunk drivers who accidentally run into & kill parents, pay child support to their surviving children until they reach the age of 18 and legally become adults. My first thought is, I don't know if drunk drivers have cash to afford this. Most drunk drivers are young adults likely to have large amounts of student loan debt and entry level income.

It is an interesting idea and novel concept. I'm not certain what the normal process is for children whose parents are unfortunately hit by drunk drivers. I guess they would end up in an orphanage?  Another interesting movement is cars and trucks having breathalyzers installed on them. So that the engine can't be started unless a person breathes into the breathalyzer and has an alcohol statistic below the legal limit.

We have many reactionary penalties and punishments for law breakers. Could a preventionary measure where good behavior is rewarded also have a niche place in society? What if a crypto currency was created which rewarded users for every week they remained sober? In an effort to diminish alcohol and substance abuse. If there are shitcoin developers on this planet who play 5D chess with their crypto token designs, what would it look like?

It makes sense because there are very few situations, infact it's almost impossible, to be in the situation of drunk driving and have any excuse for the damage you inflict if you hit something. Losing a parent at an early age is a painful enough experience but it has long term ramifications too as the decreased income is likely to have life altering effects on the remaining child(ren). However it's a bit of a catch-22 situation because if the judge is doing their job properly then it's possible that the person will be in jail for a large part of the time they are a child and will not be able to make any sort of meaningful payments. Maybe it should be "banked" and the driver would have to pay the equivalent amount of years after they get out.
2445  Economy / Gambling discussion / Re: The Paradox of Gambling behavior on: April 24, 2022, 08:31:03 PM
Most gamblers have an addiction they don't even realize they have. It seems to them that they can give up gambling very easily, but in fact it is not so since their mogul is used to receive incentives when they win.
That's because people believe that admitting they have a problem or a disease is a sign of weakness. But it isn't. In a moment of weakness, you became addicted. That's not good. But it's worse lying about it and not being willing to accept that situation and show a desire to change.

One thing that you can hear is that gambling addicts will try to tell you how they are not addicted, they are just playing because they like it and they can stop anytime. The thing is, that time never seems to come...

You are absolutely right. I've always wondered how a grown man can't admit mistakes or addictions. I can understand when a man is afraid to admit his behavior to others, but I will never understand what the problem is with admitting his mistakes to himself. As long as a man deceives himself he certainly can't solve his problems the way he would like to do it. He will always look for someone to blame on the side, not even realizing that the problem lies within himself.

Part of it is a self defense mechanism of the human mind and it's often connected with chasing losses. If you lose a hundred dollars, which can mean varying things to different people, it's possible to recover as long as you identify the problem and stop right away. If you get into such a habit that you somehow go into an overdraft and spend borrowed money on credit cards to the tune of tens of thousands, you become trapped in a disaster of your own making. People try to rationalize and chase what feels like the easiest way out - the shortcut - that one big win which must be just around the corner and will fix everything. It takes something like 15-18 days of repeated actions to form a habit, so it may be worth keeping that in mind if you ever feel yourself being drawn into something that could be very damaging or destructive.
2446  Bitcoin / Bitcoin Discussion / Re: "Behind closed doors, EU officials talk about banning Bitcoin" on: April 24, 2022, 08:16:40 PM
You know the drill — waste of energy etc etc nothing new. Just thought I'd post this here because of this specific quote:

Quote
"If Ethereum is able to shift, we could legitimately request the same from BTC. We need to “protect” other crypto coins that are sustainable. Don’t see need to “protect” the bitcoin community."

Just something to laugh at.


It's a valid concern and you may laugh but these people hold the real power in the world, so you better be listening to their concerns. Europe is a power hungry continent and the war started by Russia on Ukraine has the potential to cause all sorts of problems to supplies - either Europe trying to stop imports or Russia stopping them in order to apply pressure (even if it would cost them huge amounts financially). At that point all energy will skyrocket and anything that is not critical to industry or keeping peoples home life intact will become surplus. Miners will become on of the first casualties because the job they do (validating transactions) can simply be completed by existing payment networks in a far more efficient manner, even if it is centralized.
2447  Economy / Gambling discussion / Re: Do You Think New Casino Should Partnered With Bounty Managers To Gain Trust? on: April 24, 2022, 06:15:50 PM
We've seen a lot of new casinos having issues with how to start promoting their project, they just come here to post their thread and that's it,  we have seen members recommending casino admin or representative get a copper account and hire a designer to design their thread this happens so many times.

Do You Think New Casino Should Partnered With Bounty Managers To Gain the Trust of the community and start on the right foot
take the case of Bitlucy where bounty manager Royse777 is the one opening and managing the thread, the thread is just perfect and everything on the casino home page is well placed.

Do you think it's a big advantage for the new casino that they have a bounty manager to be part of the team, we have a good lineup of reputable managers here.

People who have worked their way up to the position of trust for managing bounty and campaigns is usually one of the best candidates on the forum to advertise anything. Naturally any new project will seek out the most experienced and competent people if they have a job they want done. It does make it hard for anyone new to break into the market, especially because of the high level of trust required in order to look after what is often large sums of money. The most successful campaign managers are likely to be those who have been here a long time, which may also mean that they are independently wealthy from getting into Bitcoin in the early years and they have left incentive to run away with any funds.
2448  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: April 24, 2022, 04:59:12 PM
Let's keep in mind some important facts from the very beginning:
1. 45% of Russia's federal budget in 2021 came from oil and natural gas revenues
2. 49% of Russia's crude oil and condensate exports went to European OECD nations.
3. Supplies from Russia account for about 40% of the EU's natural gas imports
4. just under three-quarters of all Russian natural gas exports went to European countries in 2021

I hate when everyone talks about how is Europe, especially Germany going to replace the dependence on Russian gas? Wait, 20 centuries have passed without Russian gas and European countries still managed to not only survive but become the most amazing countries with the highest quality of life.


How the fuck is Russia going to replace the European market?
Russia has two options:
1. China - After Saudi Arabia, Russia is the second-largest gas & oil supplier for China.
2. India - Right now Russia accounts for 2% of Indian oil import after Iraq, Saudi Arabia and the United Arab Emirates.

Russia will try to increase its oil and gas export in China & India but we should also don't forget some details:
1. The reason why I underlined Saudi Arabia is that they are one of the largest suppliers in these countries and probably they won't let Russia to easily take over them.
2. China and India probably sees that good relationship with West is better for them and they may see that Russia isn't a country that loves freedom.
3. China may use this as an advantage and milk Russia like a cow, good for China but not for Russia.


Europe & USA have a huge advantage over Russia, this is the education. Where do people go dream to study? In Russia, no! In the USA, UK, Germany, Canada, France, Ireland, Switzerland and other countries? Hell yes! Were top scientists from Russia? Hell no! But from western countries - hell yes.


The fact is the fact - war has one advantage, it always accelerates things up. In this war, we don't need to focus on military equipment but on our weak sides, everyone sees how bad military equipment Russia has compared to the western countries. Don't you think that after all the innovations that come from the USA and Europe, can't we significantly lessen the demand on gas and oil if the situation really requires that from us as soon as possible?

It works both ways. Russia started this non-nonsensical war and would make far more money from continuing to sell Oil & Gas to Europe in the future than any other potential partners like you suggest. It's nice to pretend that Russia can easily flip a switch to divert supplies to India and China, but it simply isn't true in the short term. A vast majority of Russia's pipelines, probably 90% exist on routes into Europe and it will require years of building new pipelines if they want to send it anywhere else. China has a couple pipelines but they are tiny in comparison, and India can only receive such supplies by sea right now. The faster Europe breaks off Russian oil and gas the better quite frankly, because Putin has shown he is an unstable partner who has plunged the world into another war and who can never be trusted again. It will take time, but ultimately the Russian economy will be the loser, the average Russian will become poorer and Europe will find cleaner energy sources.
2449  Economy / Gambling / Re: Do you prefer lots of promotions over better RTP? on: April 24, 2022, 04:47:37 PM
I doubt a serious gambler would care about the promotions and other rewards. Those are peanuts for serious gamblers. Those will only attract low quality users. The RTP factor is much more important for them. They would all prefer to play on casinos with games that have high RTP because in the long run it is the RTP factor that determines how fast they will go bankrupt. On other hand, those who seldom gambles wouldn't care much because the RTP factor doesn't affect them much. They would prefer promotions and other rewaeds.

I'm not sure there is such a thing as a "serious gambler", it could only mean someone who has more money than they know how to fritter away and they tend to be extremely rare whale types. For everyone else the sooner they learn that gambling is only ever going to make the casino richer the better. Promotions in some cases might be the only way that a casino gives up a little bit of cash, usually in a controlled circumstance where they keep amounts low (like guess 5 right for a chance to win more) or a welcome bonus. If you're the type who wants to make money from the casino, then welcome bonuses can actually stack up rather nicely if you look into matched betting.
2450  Bitcoin / Bitcoin Discussion / Re: Concern of illegal use of crypto on: April 22, 2022, 08:08:54 PM
Recently Indian Finance minister N.Sitharaman said Money laundering, terror financing biggest concerns around cryptocurrency...
What can be the remedial step to address this concern.

For all the people in the cryptocurrency scene who would prefer to ignore it altogether, there is a valid concern by politicians and financial officials that it can be used for illegal purposes. If we ever want to see cryptocurrency go mainstream, there is going to need to be a realization that ownership has to be traced as much as possible and this is not a bad thing. Unfortunately anonymity is always a magnet for criminals, because it allows them to move ill gotten gains with impunity, but in reality nobody should fear declaring their ownership of crypto. I understand that is not true for countries that have banned it, but encouraging a transparent environment in countries that allow it will start by owners submitting to KYC documentation. Anybody who moves money into and out of crypto on a regular basis will do this as standard, it's also true for people that buy it regularly through credit or debit cards - so little really changes.
2451  Economy / Gambling discussion / Re: The Paradox of Gambling behavior on: April 22, 2022, 07:43:27 PM
One might already understand that winning at Gambling is hard but at the end of the day we still see a lot of people increasingly interested in Gambling, this might provide an insight into the casino business and at the same time help explore the ideas 💡 in the mind of a Gambler.

One might be aware of the fact that even though the Gambler knows that he is loosing money they measure the gambling to be an effective usage of that money, a leisure activity to begin with therefore it's more concerned with the activity-than winning an idea that some problem gamblers ignore.

In roulette type games more than 95% of the amount is usually back to the player but when we talk about lotteries it goes way below 50% which is explained by the lower levels of winners and winning as a whole despite that lottery is some of the biggest revenue collector for the government. The players usually focuses not on winning big, but most of the time the short increase of dopamine makes their money worth it ( ofc if used in moderation)

What do you think is the best game/ sports to gamble on ? Do you do it for winning? Are the ideas in the article according to you correct? How many times you usually win in a game of chance+skills?

I think everyone always like to explain things away in little categories, trying to make everything neat and tidy, but the reality is there are so many variations of gambling behavior it is impossible to group them in such a convenient way. There will be gamblers out there who simply do not understand the math that is against them or refuse to accept it. There are gamblers out there who can spend 50 bucks a year at a special event and then never even think about it again all year. There are people who wake up every day and the first thing on their mind is where they can get more money to chase their latest sure-fire bet, which could dig them out of a massive financial hole. There are poker players out there who have honed a skill over many years, multi-tabling while scraping a small but consistent profit each day that rivals a full time salary. This study might have some insights but nothing applies to everyone.
2452  Bitcoin / Bitcoin Discussion / Re: Bitcoin mining is naturally gravitating to green energy on: April 22, 2022, 07:37:42 PM
Following Cointelegraph, Earth Day 2022 is a good day to highlight how crypto mining operations have begun to naturally gravitate towards cheaper and cleaner energy sources.

April 22 is Earth Day and with environmental sustainability one of the key topics in the global debate surrounding Bitcoin mining, analysts say the industry has begun to naturally gravitate towards cleaner and cheaper energy sources.

Tech entrepreneur and self-proclaimed environmentalist Daniel Batten described a multi-pronged way in which the Bitcoin mining industry is creating positive change on the April 22 podcast from Brave New Coin. Batten argued that Bitcoin mining incentivizes building renewable energy plants and helps decarbonize power grids.


Batten believes Bitcoin mining drives increased demand for electricity and therefore investments in renewable energy plants. Mining is suited to intermittent power sources and it can be easily moved to far-flung locales to take advantage of the excess generation of renewable electricity.

The only problem that Batten sees is that the industry may not be big enough to incentivize all the renewable energy required.

The only way for cryptocurrency, or any highly energy intensive system, to survive is going mean transferring over to green energy. While it is an excellent step towards changing public opinion about wasteful energy practices, it still needs to justify that it is worth any energy expenditure at all. In the coming months we're likely to see energy prices stay high in Europe and North America, which is going to mean all sources of energy usage get scrutinized. Yes these setups will not be using fossil fuels, which is absolutely great news, but they will still be sapping energy for the benefit of the few in a way that does not help the vast majority of the public right now.
2453  Economy / Economics / Re: Is this a good move by national bank of Ukraine on: April 22, 2022, 06:31:06 PM
Ukraine bans Bitcoin purchases with local currency amid martial law

Quote
Ukrainians are now allowed to buy Bitcoin only with foreign currency with a monthly cap of $3,300.

The National Bank of Ukraine (NBU) continues taking measures to prevent capital outflows amid martial law by enforcing major restrictions on cryptocurrency purchases.

The Ukrainian central bank officially announced Thursday a set of restrictions on cross-border operations, prohibiting individuals from buying cryptocurrencies like Bitcoin (BTC) with the national fiat currency, the hryvnia (UAH).

I do not check the value of hryvnia but I think the war in Ukraine would have caused persistence rise in price of goods and services in Ukraine, which means inflation. NBU restrict Hryvnia to be used to purchase bitcoin a d altcoins but allowed foreign currencies to be used. I still do not understand the reason behind this because also foreign currencies have much to contribute to inflation if its reserves are depleting.

What could be the benefit of the NBC move to allow Ukrainians to only use foreign currencies to purchase cryptocurrencies and not allowing their own local currency to be used? But I think with this, only few people will have access to foreign currencies compared to those that will have access to local currency, which means a way to reduce Ukrainians that are buying cryptocurrencies.

I would say that the normal rules do not apply to a country at war and they need some leniency. This is a people who are fighting Russia to survive and face being wiped out because of this evil war. Right now all of their attention is focused on stabilizing their economy while trying to defend against the most sadistic type of attackers on the planet. Their government does not have time to worry about the intricacies of trying to create new financial regulations and rightfully so, when their citizens are getting slaughtered all over the country. It is also a method that can be used to infiltrate money from the enemy into subversive elements of their own country outside of the existing banking structure that they can oversee.
2454  Economy / Gambling discussion / Re: High Rollers on: April 21, 2022, 07:58:01 PM
Chances are that in the net of his gambling life he has lost more money than that jackpot, which indicates that he is most likely a person with a lot of money. I have a friend who works in a casino and he says that regular high rollers sometimes win big jackpots but consistently lose a lot of money. The long term net is loss, no matter how impressive big jackpots like this one might be.
This is without a doubt the truth, the only way this player would be ahead of the casino and has earned more money than what they have lost will be if they got this win early on during their gambling journey, however even if that is the case as long as that player keeps gambling then sooner or later they will lose that money.

So the only realistic way in which this player could  remain ahead and earn more money than what he lost is that he stops gambling immediately and never does it again, something very unlikely as it would be very difficult to get those kind of profits without loving to gamble

One of the biggest eye openers for me with these high rollers was watching that Louis Theroux episode created quite a few years ago, which followed a some high rollers as they played in Las Vegas. There was an old lady who had a fortune from a very successful prior business who spent her retirement living right next to the strip and would fritter away thousands per day on slot machines as a simple amusement. Then there was a wealthy businessman who would fly in, be treated like royalty but fritter away hundred dollar bills incessantly into the slot machines but got a buzz off winning a few thousand back - every penny he made was tracked by the casino and calculated into the perks he got, but you know the casino made a healthy profit from each of his trips. It's well worth digging out and watching that documentary if you haven't seen it.
2455  Economy / Economics / Re: What should be a good ROI for a startup? on: April 21, 2022, 07:35:04 PM
Entrepreneurs struggle with their ROI on businesses. Starting a business is not a difficult task but sustaining it becomes challenging. I've seen a numerous companies go bankrupt after good years of sales. Knowing the reason behind is lack of future projections.

According to you, what should be the ROI for newly launched startups?

My views are around 15% per annum but it would take around 6.6 years to earn the initial amount back. Would it be a bad decision?

It's impossible to put a definitive figure on this as it is so wide ranging. If you're starting a shop selling sweets or a hairdresser, you have quite static costs and should be able to judge your income stream fairly quickly. If you're pioneering a new type of online game, hoping to see it skyrocket in popularity to pay off your bank loans, then it is quite possible to jump your income hundreds of percent per year. Any company selling a product should generally aim for 100% profit on each item if they are not generic, which would translate into reasonable margins above what you're expecting. If you're looking at it from the eyes of a venture capitalist, then 15% is definitely not worth it - you can buy into some well established companies with a steady income that make close to that for much less risk.
2456  Economy / Gambling / Re: Sign Up Bonuses on: April 21, 2022, 07:19:27 PM
I discovered that must of the gambling sites, mostly the ones I signed up have no sign up bonus but others gave as I was told.

Because  sign up bonus is very much important to a beginner and also attract More customers to the site.

I know that, there are a lot of gambling sites that gives sign up bonuses but I have not come encounter with them.  If I told someone about a Gambling site. Some of them asked the sign up bonus.

In my location most companies give $10 + while some give $5. Just that most of the bonuses can not be used to play games until you deposit a specific amount of money to add up with the bonus, at that stage, I look at it as a discount.

What could be the possible caused of the companies that are not giving the sign up Bonuses?

It's quite possible to make $500-$1000 with zero risk if you've never been on an online casino before and live in North America or Europe as there are so many of these welcome offers. However it's more likely with normal fiat currency casinos and will take some strategic timing, plus you need to fully understand all of the terms before unlocking the bonus - as there many be restrictions like it only applies to the first bet, use within 3 days, etc. When you have a plan, you can find two way bets and use your free welcome bets to make sure you will win either way, basically guaranteeing you'll walk away with $50 profit out of every $100 in free bets. See if it's possible in your country.
2457  Economy / Economics / Re: US Sanctions Russian Crypto Mining Host Bitriver on: April 21, 2022, 07:06:15 PM
Source

Quote
"Treasury is also taking action against companies in Russia’s virtual currency mining industry. By operating vast server farms that sell virtual currency mining capacity internationally, these companies help Russia monetize its natural resources. Russia has a comparative advantage in crypto mining due to energy resources and a cold climate. However, mining companies rely on imported computer equipment and fiat payments, which makes them vulnerable to sanctions," a Treasury statement said.

Basically, Bitriver won't be able to sell their cloud mining to anyone from the US and their allies, and it won't be able to buy mining equipment from those countries. There's even a possibility that third parties, like Chinese companies, won't do business with them if they will want to preserve their connections with the US - there have been examples of such actions by Chinese companies in other fields, even though Chinese government is not sanctioning and is actually supporting Russia.

Sanctions are much more than just "not allowing money to be sent to some country", and crypto is not going be useful for bypassing them.

It was almost inevitable that these sort of crackdowns were going to take place, as many countries are aiming to cut off any business with Russia right now and looking into even the smallest interactions. I'll never quite understand why such cloud mining ever even exists though, as surely if it is a profitable operation they would be mining themselves and not renting out the platforms to others in the form of a cloud computer. While mining in a cold climate sounds ideal, I can only imagine that all the heat being put out will ultimately contribute even more to global warming and in particular the immediate surrounding area warming up - not good news if you're sitting in a permafrost type location.
2458  Bitcoin / Bitcoin Discussion / Re: Despite CBN’s clampdown, Nigerians traded N316.9bn bitcoin in 2021 on: April 20, 2022, 08:12:03 PM
The central bank of Nigeria ban crypto exchanges and other crypto institutions from transacting directly into banks in Nigeria, Nigerians that are using exchanges that can be used to directly purchased bitcoin from banks were unable to purchase bitcoin because direct bank transactions was disabled after the ban. According to the news, Nigerians turned to using p2p which can be done between two people like on this forum, on decentralized exchanges and also on some centralized exchanges. I am not using this to advise people to use centralized exchanges because you do not have complete control over your own coins.

Despite CBN’s clampdown, Nigerians traded N316.9bn bitcoin in 2021

Quote
NIGERIANS traded at least N316.9bn in bitcoin in 2021 despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the nation’s banking system.

Last February, the CBN directed banks in the nation to desist from transacting in and with entities dealing in cryptocurrencies.

After the official restriction on crypto assets in the nation, Peer-to-Peer transactions increased. According to a report by Chainalysis, Nigeria is the sixth leading nation in the world in terms of crypto adoption, because of the resilience of its peer-to-peer monetary systems since the CBN banned the digital asset.

CBN do not call for regulation but for ban, the countries that are regulating cryptocurrencies are even making it difficult, example is the new crypto law in India that wants crypto capital gain tax of 30%, that is huge. As cryptocurrencies has not even be regulated in Russia, the Russia banker wants crypto users in Russia to only use exchanges which they are controlling or they should use noncustodial wallet address that is registered with them.

More regulation is making no privacy possible.

It's really short sighted of the Nigerian government to put so many obstacles in place but I can understand some of their feeling why they want to ban cryptocurrency. Unfortunately they're suffering from an insurgency in parts of their country, which basically means they do not have proper government control of some regions and they are obviously trying to crack down on any sources of funding to such militants. However they need to understand that it's like trying to regulate wind or the oceans, it's going to keep moving whatever steps they try to put in place so they should encourage open reporting and keep taxation of it to a minimum. They could then use that legitimate funding to provide better services to the people of Nigerian and potentially help quell unrest.
2459  Economy / Economics / Re: Life is a puzzle ! on: April 20, 2022, 07:29:29 PM
We have to choose the right pieces and get them together , if we choose them wisely we will have a dream life and if not it will be full of dislocations and struggles!

Main parts of this puzzle are study, proper job , marriage, smart housing move and retirement plan! We shall Live like economist and study each step economically.


Many people in Europe and North America, among others, live a very privileged life in comparison to most of the world. There are lots of opportunities in these places and a generally steady standard of education. However the financial ability of your family can also play a large part in your future, if you come from a poorer background then some doors might be harder to pry open than those born into money. However, when you start looking at some places in Africa and Asia, we see that it's much harder to progress in life without having the backing of a strong family, because everything revolves around money and sometimes kids are put to work before they even have a chance to learn a worthwhile amount of knowledge or trade.
2460  Economy / Gambling discussion / Re: Making e-sports more affordable on: April 20, 2022, 05:37:20 PM
We all understand the value of e-sports in today's era and it is indeed a great deal is a company is all set to develop more free e-sports games
According to the reports Incentive Games have already signed up to do the following, they have already developed 21 e-sports games and of which 14 are totally free to play as well, therefore getting in cannot be more affordable. They would be focused on games such us :
Quote
The first game developed for Esports Technologies will centre around the Counter Strike: Global Offensive marketplace, with further plans to develop Dota 2, League of Legends and Valorant-inspired games

Now e-sports technologies and incentive games have now entered a license agreement where they would be providing the users more free to play games using their algorithms based on free to play games in the casinos as well. This can be a game changer since most of the times in e-sports having to pay to wager and play can be a big deal for small players, this can not only help them secure a wide range of audience but it can also help change the whole e-sports gaming as a whole.

Don't forget to check out the source : https://www.gamblinginsider.com/news/16044/incentive-games-signs-up-to-develop-free-to-play-games-for-esports-technologies

What do you think ? Are you going to play on these platforms? I do believe most of the users might already be using them and seeing this incentive get bigger would certainly bring joy with increasing the free game diversity on the sites.

I'm really struggling to understand what is new or innovative about what they're doing, besides this press release with all the usual buzzwords to hype themselves up. Almost every sports betting site in the world has been offering bets these really old games like Counterstrike, Dota 2 and League of Legends for probably a decade now. Are they saying they're going to downright copy and clone these games to offer a free version, because that seems to be a blatant way to get yourself in trouble for trademark infringement if they look very similar. People play those really old games because the player base has established over a long time, so you might be able to replicate the idea but you simply won't be able to draw in enough players to make it worthwhile unless you offer something drastically new.
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