That’s quite shocking, despite all the charges against him, he is immune to laws, much like Bill Gates, even Melinda Gates has to divorce him for what he did but laws won’t judge him for his action.

Perhaps this is mostly applicable to those areas who are already developed and have great economy. Implementing cashless policy will be very difficult to do in third world and developing countries because they lack the resources to do so, and most of the citizens don't have the ability to participate in such. Hence cashless policy in gambling in struggling areas could be impossible as of now because they have other things to prioritize.

But good for those developed ones that they are already progressing into this because of their capability and resources. It has many pros and cons that has to be weighed before making a final decision, and I hope the people are all well-aware of all the possible sides if ever it will be fully implemented in your area. Because as we know, not everyone is as techy and as well-off as others. In addition, not everyone is fond and is in favor of KYC verification process.

I wonder how ordinary people around the world felt the worsening economic situation in their respective countries. I know that although many are very much aware of the soaring inflation, nothing has changed much in their day to day lives. I can observe that in some families. They seem oblivious of how the prices of basic goods and services are rising in double digits.

From my household, however, we can literally taste the economic downturn. It feels odd and sad that we have to sacrifice taste in order to somehow cushion the impact of the economic problems my country is facing. Onion here is already hitting $12.57 a kilo. Depending on the size, that's about $0.63 apiece. Cooking an ordinary dish for a small family requires a bulb or two. During this holiday season especially, we normally need tens of onions. That's not affordable anymore. So we had to greatly reduce the use of onions and try not to care about how the dish would turn out. On ordinary days, onions are even removed from the ingredients.

I had to share this here because it feels like the economic situation has already affected the most basic need of everybody. It seems insignificant because it's only a spice, but I thought that if the economic situation is already affecting everybody's taste buds, it could mean things are getting pretty serious.

I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?

It's not okay to mock fat women but somehow it's socially acceptable to make fun of bald men?
Bald men are discriminated against for jobs and are often joked about but it's not like they can control their genetics.  Fat people can actually lose the weight.
I have noticed a lot of men in their teens and 20s are balding these days and no one is standing up for them.
The bad guys in movies and media are almost always bald.

-cut-

Could you give a full definition of NFTs?
Naturally i,m not a fan of NFTs and i don't find any meaning to it and how would funds flow into it while it just a common artwork, not just common but can't use them physically as a decoration to our houses and buildings and if at all we have to use it we would likely to print it out. Is this possible to happen?

Have you ever thought of a government implementing a Cashless gambling?
-cut-

Damn. I didn't know that "market impact" is part of the guilt assessment in court. Because its not! And market impact from single event is hard to estimate because there were many other bearish events that were triggered one after another. Such as braking major support lines, braking trend lines etc. Bitcoin was far less oversold and in far worse technical situation when luna collapsed compared to FTX going bust. It would be different if FTX crash first and than luna after months.

But the biggest difference is that Sam stole funds from his users on purpose, while Do-Kwon made a start-up based on innovative technology that failed.
People affected by Do-Kwon knew about risks. All risks were in open source code. We f.ed up investing in something that should not work.
People affected by Sam were scammed, lied and robbed.

Thats the difference. No one should compare it based on market impact. Being rude doesn't mean you are more guilty.

NFT as a general is not something that will go up if you ask me. It was a big hype but that's it, as soon as hype died, the whole NFT space died and will not recover. The idea wasn't liked all that much anyway, it was used to make more profits and people bought and sold to make a profit but not because they enjoyed it or liked it or found it logical, they did it purely for money.

Now that there is no money in there, and no hype, how could they profit from it? And if they don't, then why would we want to see it do a lot better? This is why NFT will never recover and grow, not with regulations, and not without it, it is just going to stay as low as it is now.

Some of you maybe heard about news which were published first on September; Twitter user PhantomXSec tweeted that the North Korean APT group were responsible for crypto and NFT phishing campaigns targeting dozens of ETH and SOL projects. PhantomXsec provided information on 196 phishing domain names that were linked to North Korean hackers after a thorough analysis.

Now I invite you to read a comprehensive analysis of that event - if you are interested in security and want to know how that kind of attack is created, read more on https://slowmist.medium.com/slowmist-our-in-depth-investigation-of-north-korean-apts-large-scale-phishing-attack-on-nft-users-362117600519

I don't know about the "looks" of Ethereum, but knowing what I know about it's founding, holders, and coins waiting to be dumped onto the market, I wouldn't feel good buying it now.  So many coins are locked up with huge gains in the ETH2 contract, waiting for their opportunity to be withdrawn and dumped, it is going to certainly have a negative effect on the price.  The longer it takes to allow this withdrawal, the more customers will be looking to cash out, not to mention the more ETH they'll have from interest to cash out.  So for me, regardless of how it looks, I wouldn't come near ETH until after the ETH2 coins are dumped onto the market.  Bitcoin seems a much better option, although I can understand sitting on the sidelines until the mtgox coins are dumped as well.

Topic and poll inspired by another thread - question:

Do you play national lottery games (Powerball, EuroMillions, Lotto etc)?

My view on big, often state-owned lotteries is they're designed mainly for 2 reasons: to make a profit and as a social tool that sells dreams of instant life change and massive wealth to the masses to keep them in line.

Most people are not satisfied with their lives and they need some sort of hope for the future to keep going and to prevent themselves from turning into crime, falling into depression etc. However messed-up your life might be, there's still hope that buying a cheap lottery ticket could potentially turn you into a millionaire (or even a billionaire) overnight. That's a powerful tool.

But the reality is, such lotteries usually have way worse odds than any casinos or gambling sites. So, mathematically speaking, you're better off gambling your money there.

Thoughts?

For some time now I have seen in this section of the forum a not small percentage of gamblers who do not understand basic statistical concepts of mathematics applied to gambling, such as Return to Player or Expected Value. As a result, it is not surprising that every now and then we see someone who thinks he has found a good system to win casino games by applying some variant of the Martingale. This is despite the fact that these are not complicated concepts and the information is easily accessible to everyone, it is not like 30 years ago. I would say that at least 25% of the people who write in this section fall into this category.

Do you have the same perception as me?

I think a lot of whiny threads of people telling how they ended up losing a lot more than they expected would be minimised if people understood these basic concepts. Although knowing the theory doesn't guarantee it 100% because we sometimes get carried away by emotions.

I am sure that some of those who think they understand these concepts but in reality do not will comment on this thread .

What if he was holding cards while discussing with his friends because I saw someone's feet in front of him.

We also don't know if the photo shows him playing gambling with his friends and making bets as reported or if it is an old photo. The photo doesn't show any money and it doesn't look like there is a table to put the cards on either. And while that's true, I think he's out of his mind because gambling doesn't give you fast money.

Is it my imagination or that in front on his trading setup is a box of disposable paper tissues?  
A bottle of hand sanitizer (lube?) and a mini fan?
-but-

A memecoin is a type of cryptocurrency that is primarily used for online memes and as a form of online tipping or reward. They are typically not intended to serve as a serious investment or store of value, but rather as a way to facilitate fun and creativity within online communities.

One of the main utilities of a memecoin is its ability to facilitate the spread of memes and provide a way for users to show their appreciation for content creators. By allowing users to tip each other with small amounts of memecoins, it can help to encourage the creation and sharing of new and interesting memes.
-cut-

When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?

SBF get prosecuted, Elon got away from laws, why double standard?

SBF selling share of FTX company, Elon selling not only one, but three company of the shares, his tesla his spacex and his boring company. But only SBF go to jail while Elon wouldn’t stop making more noise to distract attention.

Why is the double standard? The laws are made to protect the born rich billionaires? What’s the dark magic that Elon pulling to fool the entire legal system? Is it the money that’s empowering him and even to above the laws?

For quick brief, Elon sell Tesla share to fund his twitter acquisition. There is buyer who bought all his share, that buyer is the taxpayer, taxpayer pay the price of the Twitter acquisition. So you wonder how would taxpayer pay the price when nobody is paying taxes? Look at the grocery items you buy on the market, toilet paper food meat vegetable pizza..., the price increased more than twice in two years that’s exactly how you pay the price as a taxpayer to fund the filthy rich and to even break the laws.