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2561  Economy / Gambling discussion / Re: Betting strategy question on: December 28, 2022, 01:31:17 PM

Hypothetical scenario:

You can bet on a single dye roll (choosing a number between 1-6), but if you win you get paid x12 of your stake (instead of x6).
So the Expected Value is positive (see example below), but you'd still have 83% chance of losing.

1 - will you take that bet?
2 - if so, what % of your available funds would you put at stake (i.e. funds you're willing to gamble and afford to lose)?

Again, this is a single, non-repetitive bet.

-----------------------

Simulation for BTC1 bet:

EV = (83% x -BTC1) + (17% x BTC12) = +BTC1.21

I would definitely take that bet, and I doubt anyone with a bare minimum gambling knowledge wouldn't.
Regardiing the best size I would keep it the same size disregarding how much more I will be paid out, because It Is a single bet event.
All gambling fans will definitely accept all forms of betting even though they know that there is an 83% percentage of losing.
However, in fact all gambling bets do have a greater percentage of losing and only a small chance of winning, even if luck is on your side.
Even though a gambler has gambling knowledge, when they are playing or betting they experience a slight defeat, this knowledge is very rarely used. Because yes, there is only high emotion and greed, so it makes them forget and continue playing without thinking about defeat.

Bottom question I guess is concerned with the legitimacy. Ofcourse there will always be risk;small or big, in gambling. But getting an odd of winning more than 40% I guess is already big so what more with the given computation of OP. Most of the people here would be interested with such offer but if this won't be paying on casino's end, then this will just be a waste of time. If the offer is a bit unrealistic, think or doubt already. A gambling casino won't allow its players to win most of the because it will only yield to bankruptcy unless that casino to offer such thing qould find a way to generate profit inspite of giving such odd to the players.
2562  Economy / Gambling discussion / Re: Licenses and Casino reputation on: December 27, 2022, 11:58:30 PM

Besides, why think that a licensed provider can be useful during the time when users are being fuc*ed up by these casinos even with a license?

In order to at least minimized being shi*tted by these online casinos, just play at those casinos that already earned being reputable in the industry.

But honestly, complaints and issues are sometimes because of the user's fault.
We must realize that complaints and problems often occur due to our own mistakes because we often forget what we did at the casino.
We are not aware that what we have done is against casino rules but we don't admit it and instead accuse the casino of fraud against us.
If so, even licensed casinos will have a hard time solving this because they have already provided evidence that the user made a mistake.
But as long as we can play at a licensed and reputable casino and we're not trying to break any casino rules, we should be fine.
That is why accusations have no use. Those which has proofs are the ones to be given an 'eye' by the majority. Some people inded jist cannot accept their fault on some instances. There were even topics in this forum wherein complaint backfired to the OP after accusing a reputable gambling site when he failed to support his claims.

There are many gambling sites in this industry; some are licensed and some are not. Problem is knowing if the license is legitimate especially if you are not feom that country wherein a licensed gambling site is registered. A player could only rely from the reputation of that gambling site and won't be certain that nothing bad could happen on his winnings or assets in gambling.
2563  Economy / Gambling discussion / Re: BOXING DAY PREDICTIONS on: December 27, 2022, 11:33:35 PM
BOXING DAY PREDICTIONS - DECEMBER, 26, 2022 - FINAL RESULTS

So, here are the results for my predictions:

Middlesbrough 4 - Wigan 1

Middlesbrough to WIN

WIN

Rotherham 2 - Stoke 2

Both Teams Score

WIN

Sunderland 2 - Blackburn 1

Draw at Halftime

WIN

Brentford 2 - Tottenham 2

Both Teams Score

WIN

I just made my bets on this 4 games, and fortunately I was able to hit each and every one of them and walked aways with some serious profit!

Got 'em all? amazing. I only managed to get a winning prediction between Sunderland and Blackburn. Well, I had thoughts that Middlesbrough would win but I was not that confident which made me disregard my supposed bet on that match. Quite happy with the outcome of my bet 'coz the amount is decent. Simply proves that if you cannot risk your money, never expect for high returns. I've as well never engaging to multiple bets because the chances of winning becomes small as per ratio. My strategy still is to bet only when my 'points of the match' are in line with the odds or simply betting only if I have a bigger chance to make a winning prediction (more of playing it safely). Congrats to those winning predictions!
2564  Economy / Gambling discussion / Re: How to win gambling? on: December 27, 2022, 11:00:52 PM
The points you mentioned are not about how to win at gambling. But to keep gamblers' finances from getting out of control which makes their condition more difficult. If you say "how to win", then you should give your tutorials/tricks to win, while the chances of winning slots with that strategy are difficult, I believe that the winning results from slots will be obtained if you are lucky.
Definitely, what OP should support his topic is to show strategies such as martingale and stake based. But in reality, there's a way to make your chances of winning, bigger, but there's no such thing as a definite way on winning in gambling because no certainty is in this activity.

Sharing mine in sportsbetting is to be familiar with the team stats or capabilities as proven by previous matches. Listing of advantages and disadvantages would also help to support your claim. These could make your chances of having a winning bet, bigger but for sure it won't determine the winner in an instant simply because things are unpredictable not only in sports, but in gambling itself. Why? 'coz we have these things called "luck".
2565  Economy / Gambling discussion / Re: BANKMAN-FRIED PANIC GAMBLES TO REPAY DEBT on: December 27, 2022, 03:37:02 PM
How in the heavens did SBF arrive at the conclusion that gambling was the strategy to recover the funds? It seems to me that he had terrible friends around him.

If this is true, then it is incredible irresponsible and only highlights that "man" was never supposed to handle anyone's money.
I guess he thought that literal gambling was the solution to his problems after he failed to earn money from traditional investments, I would not be surprised if he made poor choices at the same time he leveraged his positions.

Anyways, just another detail to add to this scandal, those folks cant either trade nor play poker.

Well maybe, that was due to his frustrations. Problem is; you won't be able to be certain of your victory in gambling industry. Maybe he just tried his luck out of being frustrated with his losses from projects but bottomline here is creating a problem out of an existing problem won't result to a solution. This is the as with lending an amount and paying it with another lended money from another person; the idea simply emphasizes that it would be an unending loop. Losing is more certain in gambling unless you are lucky. It will always be luck. And as many people have said in this topic, if this is true then he just created a worse scenario.
This is surely something people expected of him after all the details of his management came out. Dude was only interested in stealing money and laundering them through donations, paid spokespeople and such. He claims to be completely broke and if it's true the guy paid 15 million to one of his shills and without having a backup fund of a few mill just in case. It's like that guy from a joke who bought a wallet with his last money. This drama is going to follow us for years and I'm sure we'll get a few more interesting stories out of it.
He's more of an irresponsible project owner on my end but I guess not with stealing people's money. There is I think a difference.
2566  Economy / Gambling discussion / Re: Where do you bet on wwe matches? on: December 27, 2022, 02:56:10 PM
Do you know any?

Few options that I came across either dead or removed wwe betting.

I guess it's not that widespread due to its scripted nature. But, it's never known to viewer.
Would work i guess for 'small time' bettings 'coz if it would be a normal tournament wherein players could gamble, do expect that results would be totally manipulated such as with huge sports leagues. But if it is in wrestling, I think peer to peer betting would be fair 'coz both parties will have no idea of the outcome which would make the odds equal to both ends. But if you're an avid fan of wrestling, wwe in particular, you'd really enjoy the show not because of the chances of winning money but because of the entertainment, which in the first place serves its purpose.
I've watch so many WWE matches, but I don't want to bet in this sport because it's mostly has been fixed which make don't have any way to predict and analysis the match. Also there's no trusted casinos that has ANN thread in this forum are offering to bet on WWE, so there's no way for me to bet WWE matches. If you're like a physic sport, I think you can try to bet on MMA or boxing because both of them are popular in any bookies.
Indeed, boxing and MMA are the better options for fighting sports even if fixed matches are also evident. It is just that manipulations are less frequent in official tournaments unlike with 'for entertainment' sports.
2567  Economy / Gambling discussion / Re: If your friend would tell you this... on: December 27, 2022, 02:15:50 PM
If your friend would tell you hey bud I have 10k in BTC lets try to make it 65k. You play on the casino for me.
How would you play? what would be your game pattren?

Id probably do 1 game of black (20k win) then one game of roullete with 10 numbers = $65k profit.



what would you do
Who told you that winning is certain in gambling? If I was the one being asked to play for his/her money, I'd refuse. Winning is never certain in this industry and if I'd play that money, the blame could be on me (even if he/she's the one to ask the favor). Another thing is some sort of regret perhaps you'd win from that amount; think of your gain if that was your capital. So just to be safe from any negative outcome, prevent it in the first place. To those people who'd say "why would he blame you if that amount would loss if he/she is your friend?". Please grow up. It is money we are talking about and it is something which has value. Again, never think that gambling is a shortcut to being rich. Think of how many people gone broke because of this activity.
2568  Economy / Gambling discussion / Re: OneShot Golf on gambling casinos? on: December 27, 2022, 01:44:00 PM
If it is a typical game, wherein you are the one to play, that would be more of a play to earn concept and not gambling. The only instance I guess golf would be included in this industry(if there's none yet), would be on sportsbetting wherein a gambler could bet for final scores or winning player in a golf tournament or league. Another instance wherein players are the ones who would play are with traditional card games or with roulettes and such. But as this industry is growing or having advancements, I think casinos might find a way to align such concepts with this industry. Even at this moment there are gambling games to some sites which are new on an old gambler's eyes, which are also more of a typical computer game such as with gonzo's quest.
2569  Economy / Gambling / Re: making 500-1000usd daily in poker must read i need a partner! on: December 27, 2022, 12:32:42 PM
i have a poker way to make money i will show u it fully if we can work together, not alot of money is needed , why i need money? because i was in debt im making but small amounts we can scal this up i would be fully transparent lets make this money if ure interested send me your discord
If your strategy works just fine, why would you be on debt in the first place? I'm not totally doubting what you are trying to market but atleast make yourself credible with what you are offering to your possible 'consumers'. The best way to seek for trust from others it to prove yourself which is where I think problem may arise given that you've mentioned of a downside
I often see such ideas, but mostly the author has no money. How can i believe to 100 percent winning strategy from the player with debt? I don`t think that this suggestion is attractive enough. One more moment is to see such suggestion from the newbie account. So, i don`t believe the OP and don`t think that it can be a way to win.

It is not looking to be something with sincerity. I am doubting to what op is telling people here. You run partner business and you have large profit and want another person to support and you are in debt. You have so much unbelievable story and that you can't get to convince users to believe to what you are saying.
Surely so. As for me, the OP have to prove his words, show his winning results at least. He must be ready to lose his money. And here i just see that the OP has winning idea and no money, so if smth will be wrong he can just say "Ooops, sorry, let`s try one more idea". No one can be interested in such kind of a deal i think.
A 'live' demonstration I guess. Resulta may be altered or edited which could be a negative side of this scenario. I also agree that if this would be just a trial (if there will be no proof) , it will just be a waste of time to both of them but would only be a waste of money to the possible investor of OP.
2570  Alternate cryptocurrencies / Altcoin Discussion / Re: Free crypto possible ? Or impossible? on: December 26, 2022, 11:59:19 PM
Nothing's totally free. Well, you may work for it through labor such as with airdrops and campaigns but I cannot really say that it is totally free. To almost everything, it should be paid 'coz if not, this industry will just collapse.
You can't expect free crypto to come in large chunks. It doesn't exist, because people don't give money for free.

You have to perform tasks to earn crypto, and faucets are one of the methods to earn crypto in small amounts by solving captchas and watching ads. It's not free anyway, because you are spending your time and effort on those tasks in order to be rewarded. Another idea is to download games apps on your smartphone which reward you for reaching certain goals and levels inside the game. These offers are part of offer-walls from faucets and pay better than the usual faucets' hourly claims.

If you want to earn more, you have to work somehow to acquire money. It's suggested you study the reality of the area where you live, so you can work on something profitable and demanded by the people there.


Ok i can perform the tasks If i can earn enough but where is the real websites too much talking but need action and results not just promeses.
Any referal kind of projects If we can get little as 50$ daily it's good for start.

Even if you are a college degree holder, I am not sure you can earn that much per day, 50$ per day, and you are expecting 1500$ per month income. I would say it was an insatiable greed, let alone a small request. A newbie like you, and you are starting from zero, with such a requirement, it can be said that no project can meet it. And if you really have a particular skill, try applying for related jobs, maybe it can help you achieve that income level.
A hardworking and communicative merchant selling cheap food at houses can earn more than that daily, but that must be in real world, not on the internet. Not only people with degrees can make a decent income, even the non-educated ones are able too, since they are skilled on what they do and since they work with goods in high demand, easy to be sold. In crypto it's hard to earn that amount of money in a daily basis, because most earning concepts here are based purely on speculation. There aren't real products being sold on most cases. Cryptocurrency is still more like a side-job, if you aren't employee of a company, like exchanges and casinos.

Yes, a merchant or a street vendor can earn that income without a degree. I don't mean that, I mean making money is extremely hard, there is no easy job that brings high income. OP is asking for too much and more than asking for free, while many people have spent money, time, and effort, it is also tough to get there. For example, even if we participate in signature campaigns and we earn 50-100 dollars per week, that is also called a good income. For beginners, asking for 50$ per day is too greedy to make money online.
Indeed. Many people are earning 50$-60$ a week through signature campaigns and that is considered a decent amount. Here in my country that sum means a monthly minimum wage already, so it's a pretty welcome income. Most people in the world work an entire month to earn 200$-300$, while OP wants to earn that in 4-6 days. I won't say it's impossible, but also not possible through this kind of activity he is looking for.
Problem is, people are fascinated with the idea of being rich in an instant which affects them entirely. Signature campaigns would really help earning but problem is the requirements to be eligible or even accepted to one project
2571  Bitcoin / Bitcoin Discussion / Re: My dream has become a reality on: December 26, 2022, 11:38:29 PM
I appreciate what you've done and congratulations for reaching another milestone. Unlike with other businesses which requires huge amount of raw materials; it is sewing which is somehow being paid in BTC, I think, in this case so it would work more efficiently. Why? In food buisnesses who'd accept cryptocurrency as a mode of payment, perhaps, would somehow struggle because raw materials will be always needed, therefore, btc payments should also circulate on raw stocks to run that business. In fashion designing, (please correct me if I'm wrong), it is the talent of the designer which is more being paid in most instances so I hope accepting btc as a payment would work smoothly for your business.
2572  Economy / Speculation / Re: Bitcoin survived the Christmas market pressure on: December 26, 2022, 05:56:31 PM
The only difference and the most important element that you forgot to consider was Bitcoin price already suffer too much down fall since the Tera Luna failure and the recent FTX bankruptcy that happened last November. All the selling pressure is already done before December that makes the current month a very nuetral in preparation for next year big move in the price.

You should check the condition of Bitcoin market before December on those previous years that you mention before you compared it to the current situation of the crypto market.

But you forget one thing that, all the previous bitcoin slumps, bitcoin has never experienced conditions like war, crisis, extreme inflationary economy. So expecting bitcoin to rise again in 2023 is not easy, I don't believe bitcoin will easily rise in 2023 without any catalyst. And in the current market, apart from Fuds and Fuds, we don't have any good news.

These are good points, war, inflation, the thread of power and food shortages all make for
an unpredictable short to middle term.

While historically the markets have reacted positively to the incoming halving and the spin
of the 4 year cycles it's hard to make predictions based on them.

We may have to fast forward to the second half of 2023 to start getting positivity in the markets.
will war and inflation be more powerful than the allure of the Bitcoin halving?
Power I think refers to the impact of given factors to investors which would reflect to their investment routines or plans. No matter what happens in this market, if people won'thave the capability or drive to invest, no positive thing will happen in accordance to this industry. 2023 is indeed near and through a whole year, there are many things to happen. Halving on the other hand is still far which is why it won't be an advisable indicator at the present. What would much more affect its price on erly next year might be adoption of big company names on cryprocurrencies if that would be made possible by other industries which could simply create a hype or wave for this industry.
2573  Alternate cryptocurrencies / Altcoin Discussion / Re: How Are You Preparing For 2023? on: December 26, 2022, 05:10:12 PM
Im currently sourcing and reserving my funds until there is a clear trend line for this market in general. Investing at this point would really be an advantage if you'd be able to determine which coin to invest but investing early would as well expose an investor to risk. Ofcourse profit would be smaller if you'd invest halfway the bullish trend, but atleast risk would be lessen.



But I am optimistic concerning 2023, I foresee a major breakout for Bitcoin and several other top altcoins, and some new altcoins that are really promising..

Basis I guess? 'coz if we would look at upcoming events for this industry, Bitcoin halving is more likely to happen on 2024, so since no other lined event is there(as far as I know), increase is more likely to occur on that year. But I do also hope that things would be better next year by any chances.
2574  Bitcoin / Bitcoin Discussion / Re: Bitcoin is Based on Proof and Not on Trust on: December 26, 2022, 03:47:02 PM
That trust works, and the proof is in 10+ years of working well as planned and even growing in users, nodes, etc.
When something has proven itself to you over the years, you no longer doubt it. It is deeper than trust because trust can easily be given without any form of proof. I can just chose to trust something even if I haven't known it for long. The ease with which trust is given is also the ease with which it is broken. So I can say that I agree with the topic that Bitcoin is based on proof over the years and not just on trust.

Merry Christmas Cheesy

I wouldn't really say that you no longer doubt it. At least for me, there's nothing in this world that I don't doubt in terms of trust. Bitcoin can still fail, it doesn't have to completely fail but it can fail enough to not make it worthwhile for people to accept it, and that's when it goes to trouble. I don't think it'll ever happen but that's not the same as putting all my trust in it.
Anything still is possible to happen. For example, a war occur, what will happen then? Will this industry be used? Likewise with wide economic crisis, how will this technology be useful then? Also, it is okay to doubt things to avoid being too optimistic, which on latter might affect your anticipation of the market behavior. Be preventive than to be sorry at the end of the day. It would be better to be able to still see the loopholes or downsides of your investment to be able to take precautionary actions as qhat I am trying to say. Bitcoin or this industry in general has a huge potential towards advancement of technology but for sure not everything around us would revolve around it.
2575  Economy / Speculation / Re: Hmmm....No way! on: December 26, 2022, 02:25:06 PM
It only proves that bitcoin's and charts are unpredictable. No matter how we the correlation of it as we analyze it, time and time again that it will come that it'll be very going far away from those predictions.

But I'm stuck in one belief that every halving, we'll see new ATH and even it may have that different pattern and motion after each cycle, that's okay. Just looking long term on it.
That is because the market price is solely dependent with demand. And demand is simply a factor which does not have a cycle to ALL things except for seasonal marketable goods. See and observe how this market is being affected by slighest news around the world such as wars and such which are not even directly connected with this industry but are making huge effects. So I think patterns on long runs won't really determine certainty but a different thing could work with short term speculations through the use of TAs. Another thing to consider is; if TAs are not always accurate, how come same thing could work for annual market behavior of the price?
It couldn't of been this easy? Could it?

It never is, until it is. I remember saying same thing and laughing at this cup and handle -pattern in 2016. I had just experienced my first huge bear market and never experienced real huge bull market so not in a millon years could have seen what's coming.


It only proves that bitcoin's and charts are unpredictable. No matter how we the correlation of it as we analyze it, time and time again that it will come that it'll be very going far away from those predictions.
-cut-
How does any of this prove anything about being unpredictable? OP literally pointed out a pattern that could repeat, as we don't yet know the result it isn't proof of being unpredictable.
There no such thing I guess as definite patterns 'coz if there is, why is the market on a downtrend even if the market is assumed to be on upward motion because we are on the 4th quarter of the year already.
2576  Other / Off-topic / Re: Does anyone still survive? on: December 25, 2022, 11:59:11 PM
Everything that happens every year has great difficulties here, Do people realize that forums are starting to be left one by one? Undecided
Proof? Well I do observe that in this forum, people are less active in comparison with before but that's just normal given how difficult it is, at the present, to rank up and be able to participate with most of the paying campaigns. Some would stay especually tho were able to cope up with merit system and those who are being accepted on campaigns. Or maybe, they just gone tired of small pay off? 'coz at the oresent, campaigns are mostly in USD based unlike before wherein rewards are in form of a certain token project which results to huge pay outs after the token sale. But we just cannot avoid chainges, we can only cope up with it. Also, there are still other sources of income such as airdrops, which is why I am still here.
2577  Economy / Economics / Re: Avoid running into financial ruin this Christmas! on: December 25, 2022, 11:36:16 PM
Oh, the "one day millionaire" mindset. Actually I also up against it but I guess if people are really festive, we cannot do something about it. But as I have observed in my country, there are some people spending that much during holidays to brag towards other families. If you can really afford spending more than usual day during holidays, then that's just fine but if you know to yourself that you'll have nothing eventually, then that is where problem would arise.
Re: Avoid running into financial ruin this Christmas!

Avoid running into financial ruin. Period. Regardless if it's Christmas or whatever day/holiday. A financial catastrophe is something you definitely wouldn't want under any circumstance.
Quite true. I don't think running into financial ruin has any specific period but I think the urge to spend is stronger during the festivities.
 I also don't think at this point in time, anyone would need to be advised to be frugal with finance, since the times we are in says it all. But that won't stop me from enjoying myself tho.🥳🥳
Everyone would be needing advice but not all people would listen to what we are saying, unfortunately. Finance is an important thing in our lives and if you'd be irresponsible because of special ocassion, expect drawbacks afterwards.
2578  Bitcoin / Bitcoin Discussion / Re: What do you intend to tell loved ones about the bear market? on: December 25, 2022, 04:53:06 PM
If they are really curious they won't solely depend with asking people but rather will find ways to get an answer for themselves. I get the point;share what you know to encourage more people towards this industry but I just won't give advices. First of all, there is a tendency for me to be blamed gigen that  there are no consistencies with this industry which nullifies any kind of advise or prediction of the market.
Whenever I give someone investment advice, I always remind them of the risks they take, so when a lot of people become reluctant holders during the bear season. I still do not want to say anything more, but I still emphasize that it is a risk in investment, if you want high profits, you must accept high risks. If they are afraid, they can sell, if they still believe, keep holding. What needs to be said I have said before they invest, not wait until now to say.
For sure you want to give an advice but it won't be that easy. Doing so would somehow create an idea that you are encouraging them towards this industry. Problem has something to do with market price volatility which could yield to huge profit loss if things wo 't be handled properly. So I somehow agree with this idea of either choosing people who you think has potential, and avoiding to do such in order to not encourage them right from the start.
2579  Bitcoin / Bitcoin Discussion / Re: Problem with mass adoption of Bitcoin on: December 25, 2022, 02:22:20 PM
Lack of awareness and knowledge gaps across all levels of society hinder adoption. Admittedly, I think bitcoin experienced a slowdown in popularity at first. Bitcoin has to undergo a natural evolution into a high volatility asset first to get a lot of attention.
The biggest barrier to adoption right now is (regulation aside), not a few people who currently feel like they've missed the train when BTC hit ATH, and some FUD when the market is sick.
Not awareness alone but I guess the world is not ready yet for this technology regarding volatile market value and especially for non-investors. Indeed Bitcoin and other cryptocurrencies are profitable but it won't always be on upside. There will always be time for downfalls in this market which is not something to be endured by all people. Think of this; salaries are in form of cryprocurrencies. Those who are earning minimum wage would be at risk of having not enough money during bearish market because of losses. And if it would coexist with fiat(which is more likely to happen), businesses wpuld be on the same situation. This dimply points out that people are not ready yet to risk for this industry.
2580  Bitcoin / Bitcoin Discussion / Re: How did you come to know bitcoin? on: December 24, 2022, 11:43:18 PM
Saw it in an advertisment while browsing. Then I've asked my friends about it and it happened that one of them is interested to it. Afterwards, we both read articles about Bitcoin and here we are now, still exploring this industry. I think same thing goes with the majority of people in this forum; someone told them about Bitcoin or you happened to come across this industry and chose to share it with your friends.
I think I'm too bored to answer this question, because I'm going to answer the same thing as before.
and many questions are similar to this and will be answered similar to the previous answers, it's better to make or tell and answer like your question, because it will be more interesting and there will be discussions and suggestions for you and everyone.

excuse me.
Yes, it would be more interesting if OP told about his first bitcoin investment to make the story more interesting. But given the current market situation, such questions also help people be more motivated or engaged. The topic, it's too old for you, but I believe a lot of newbies haven't seen it before. It won't be boring if you can inspire new market entrants here.
Been asked indeed, countless times. But that's indeed true. If you are struggling into something; might as well check why and where did you start in the first place to somehow boost you up on times of market downfall, perhaps in this industry. There are for sure people who thinks of giving up at this moment, but if they'd realize how long did they been into on this industry, this might help them tho'.
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