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301  Economy / Gambling discussion / Re: Would you quit gambling for a friend? on: February 16, 2024, 07:28:22 PM
Interest in gambling spreads quite quickly in groups of friends. Everyone strives to brag about their successes, to show how successful they are. But no one likes to talk about their expenses. I've seen those who lost a lot but kept it a secret. And let these people earn a lot, but later spending on gambling seriously ruined their lives.
I believe that you should try not to gamble periodically, because periodicity always makes any activity a habit. And unfortunately, there is someone with a weak character in every party.
It depends on who it is; I've even seen people bragging about how much they lost in their last gambling session. Yeah, there are people who're that dumb and feel like it's something to brag about. But you're right; the majority doesn't reveal how much or how frequently they lose but only presents their winnings. Gambling periodically is fine if you're aware of how much you're spending.
I understand - its hard. Seeing a friend spiral is hard, but I believe in balance. When done safely, gambling may be fun. Rather than cutting off something people appreciate, establish lines when necessary. If I can restrict my gambling, excellent, but I must remain watchful. Setting boundaries, especially for vulnerable people, is whats needed, not quitting. Instead of stopping the activity, we should change how we use it in delicate situations.

Helping our friend is vital. Professional help and a supportive environment are essential. Gamble properly without triggering or enabling his compulsive behavior. A delicate balance between personal freedom and collective duty is needed.
It is certainly not the most pleasant thing to see. Moreover, there isn't any standard or designated approach on how to handle something like this because everyone is different and their reactions are too.
302  Other / Beginners & Help / Re: 50k is exciting on: February 16, 2024, 02:03:15 PM
I had recently created a topic regarding Bitcoin's capabilities and the opportunities it presents, and the main topic of discussion was reaching the $50,000 mark. Most users, myself included, projected that this would likely happen anywhere after April or May, but we were ultimately proven wrong. It's exciting, but that means that the phase of more affordable Bitcoin has now officially ended. Accumulating Bitcoin was already a lot harder after it surpassed $40,000, let alone 50,000, but that's okay.

Keep your money, wallets, and seed phrases safe. Exchanges are not the best option in terms of safety and privacy issues for taxation purposes, but they're convenient, so I can't blame anyone for using them, but I'd be cautious nonetheless. The same rule applies to online wallets; these are, in my opinion, worse.
303  Economy / Gambling discussion / Re: Would you quit gambling for a friend? on: February 16, 2024, 11:03:53 AM
It's rather common when a group of friends are introduced to gambling gatherings that at least one of them will end up addicted. I've seen it on a few occasions. However, I don't find it necessary for the rest of the group to quit gambling, especially if they have full control over it and it isn't causing them any issues. Certainly, they shouldn't encourage it when he's in front, but eventually his compulsive behavior will lead him to start borrowing money and going into debt in a mere attempt to recoup his losses, a common mistake or misconception compulsive gamblers have.

The whole group quitting, although not necessary, is unlikely to have an effect; he has a mind of his own, and he's free to gamble with or without his friends. They need to assist him by seeking out a professional; otherwise, he'll end up screwed before he even realizes it.
304  Economy / Economics / Re: El Salvador's success? on: February 16, 2024, 06:58:16 AM
I have read information about this and watched a short video on how they managed to turn around that country. There would always be people who would criticize the government's actions like calling them a dictator but maybe that's the only way and it has become effective. But the people who have a say on this are the people of El Salvador.

We have an outsider's perspective but we can see results and I think it's a success if the goal is to lessen the crimes and it did. The other issues are a different discussion. It all boils down to the goal you are about.
We're not in the best position to judge, but since the people of El Salvador voted for him, it means that he has done a good job and people support him. Although his actions may look harsh to some, I personally don't see how else someone could tackle such a delicate issue when gangs were controlling over 80% of your country's land.
El Salvador is success, there's a high chance they catch a wrong person because they arrested a lot suspected gang members, but at least this will make El Salvadorian feel safe and they won't try to doing a bad thing due to punishment.

I didn't hear if someone talks bad or not voted Nayib Bukele, he will going to jail, so he's not yet a dictator which like in North Korea.
Indeed, there's a chance someone is wrongfully convicted, but that's not something that isn't happening in the rest of the world either. Over 7,000 people were released after initially being arrested. At least the country is finally safe.
When a government doesn't do their job of keeping the streets crime free, you call them failed government. But when they actually do what they are supposed to do, you are calling them dictator!

The people of El-Salvador knows it better and that's why they have re-elected Nayib Bukele for another term with over 85% of votes. let's respect their choice of life. El-Salvador is a democracy and not anywhere similar to North Korea where there's no opposition party. I have got the news of this re-election just a week back, and it seems, everyone is praising Nayib Bukele for his strong stance against the criminals in the country.

I would definitely not call him a dictator, rather I will call him a leader of the people. I sometimes don't understand the role of these human rights organizations. Where were they when peoples' live were lost due to gang wars? Now someone is cleaning the mess and these organizations are coming around crying for human lives! What an irony!
That's true; most non-profit and human rights organizations are a plague. They're calling out for the rights of these gang members, who were the root of El Salvador's corruption and increased homicide rates that led to thousands of deaths. Yet, these organizations were absent when this was happening and the country was suffering, where were they to support the rights of those who got murdered by them?
305  Economy / Gambling discussion / Re: Difference between afford to lose and can't afford to lose. on: February 15, 2024, 10:48:43 PM
Each person does have that different threshold when it comes into the amount that they can afford to lose.If you are someone whose really that having just that sufficient money that you could make
use of on day to day basis then it would really be having no sense that you would be spending up all of your salary on gambling just because you do able to hope that you could be able to flip it out on easy x2
without minding that much on the risks involved and on the time that you would be experiencing those hard situations then this is where you would really be having those realizations.

Dont wait up for things to get messy before you would really be able to make those kind of realizations because when it comes having those problems then
there would really be instances that it would really be that hard to resolved it out.
My view is that we usually can afford to make larger bets; however, we need to distinguish that even though we can, that doesn't mean we should. I rarely exceed the maximum budget I've allocated towards gambling; it usually varies from $40 to $60 per month, sometimes a little more or a little less, depending on how active I am or if I feel like playing a few games or sports betting.

I can afford to spend more; probably double or even triple my current budget wouldn't cause serious issues, apart from not being able to save as much, and I would probably have to resort to spending some of my signature earnings, which would set back my long-term investment.

Budgeting is essential; we need to set limits and boundaries and use our money wisely. Gambling is entertaining and all, but it can financially wreck you in no time if you're not careful.
306  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance Launchpool, a possible earning opportunity? on: February 15, 2024, 10:03:12 PM
The coin Pixels (PIXEL) Laucnpool is till going in and it will be available for 3 more days. No doubt, Pixels (PIXEL) will be another hit project as 8B+ Stake already where 16M+ BNB and 2B FDUSD is staked currently but the fact is, I don't think the rewards is worth enough. Even most the the time I've seen such case where i stake decent amount of bnb as well as USDT (some launchpool allows USDT too) but the result was disappointing. no problem with altcoins as these were hit as usual but A few dollars was received only as rewards which doesn't seem worth at all
There's quite a lot of hype going on regarding Pixels; however, that's nothing unusual with Launchpool projects. It's true, though, that a huge amount of money has been put into farming—more than I've seen compared to other coins. We still can't be sure whether or not the rewards will be enough. General predictions speculate that Pixels will range from $0.30 to $0.40, but we're not sure how accurate those are. I've already acquired 80 coins, with two more days to go, so I'm expecting to surpass 100 coins by then. If the predictions are accurate, the 10-day farming period will accrue a yield of approximately $35 to $40 right at its launch time.

Not a huge yield; I've seen better ones in fewer days; however, if you already have the money on your Binance account, it's risk-free. If we suppose I yield an average of $40 for the 10-day period, if I were to stake USDT, I'd receive approximately $15, so my point stands that 9 out of 10 times, Launchpool projects are worth it.
307  Economy / Gambling discussion / Re: Why in some religion gambling is forbidden? on: February 15, 2024, 09:16:25 PM
Because religion is largely made up nonsense fairytales that direct people how their rulers want them to act.  Now I'm not saying there aren't some religions with legitimacy, and many do teach good/proper values and ethics, but many don't.  In fact, many religions have been used as a form of control and destructions in past times, Christianity being one of those.

I find it ridiculous that religion would specify whether gambling is okay or not, so this is just my two. 
I'm an atheist myself, and I agree. I'm against religions and what they have caused to humanity in the past and still continue to do (see extremists and terrorist attacks). You don't need religion to point out that one should have proper values and morals to not start killing each other.

Anyway, I'm not too familiar with all religions, but as other users already mentioned, Islam is the one that states it's against gambling. However, I'm guessing that a large number of religions mention greediness somewhere in their writings; at least Christianity does. Even though it doesn't necessarily refer to gambling, it's quite similar.
308  Economy / Economics / El Salvador's success? on: February 15, 2024, 08:42:52 PM
Nope, this won't be one more thread about El Salvador's Bitcoin adoption. With that being said, let's dive into the subject of this topic.

El Salvador is a small country in Central America that has become extremely popular in the forum in the last few years due to it recognizing Bitcoin as legal tender and attempting to adopt it in its economy on a daily basis. Whether or not this adoption was successful remains unknown. From what I've read, a large number of citizens claimed the early bonuses and never bothered again, so it's hard to say that Bitcoin adoption has been a success, although it's best not to jump to conclusions again.

Now let's jump into the actual subject of this topic. Recently, it has come to the attention of the media that El Salvador, a country that was considered one of the most dangerous in the world, has turned upside down and is ranking as one of the safest countries and the safest in Latin America, lowering the homicide rates by 70%. 154 homicides were recorded in 2023, the lowest in decades.

El Salvador has been struggling with notorious gangs for years, while according to government data, over 120.000 civilian lives have been lost due to gang rivalries, while it was claimed that over 80% of the country's territory was controlled by gangs. The country was declared in a state of emergency in early 2022, which allowed the police to arrest and jail suspected gang members while at the same time suspending their right to an attorney and court approval of preliminary detention. Although this crackdown has severely decreased crime rates in the country, human rights organizations are claiming that the crackdown included abuses, torture, and even deaths in custody. The police have arrested over 75.000 suspected gang members and released 7.000, while human rights groups have reported 190 deaths and over 5.000 cases of abuse.

Although President Nayib Bukele was recently re-elected with over 85% of the votes cast, human rights organizations are calling him a dictator; however, the citizens have ruled that they prefer safer streets rather than supporting human rights.

What's your opinion? Do you support the way president Bukele tackled corruption and crime, or is he rightfully being called a dictator?

Sources:
1. https://www.france24.com/en/americas/20240205-el-salvador-s-president-bukele-claims-record-reelection-victory
2. https://www.washingtonpost.com/opinions/2023/09/25/el-salvador-crime-human-rights-prisons/
3. https://www.reuters.com/world/americas/el-salvador-says-murders-fell-70-2023-it-cracked-down-gangs-2024-01-03/
309  Economy / Gambling discussion / Re: Don't make use of what you disliked because you can't stay away from it. on: February 15, 2024, 07:47:04 AM
You are the one who created the issue which in the first place, shouldn't be an issue.

There are no such actions done by the platform which actually looks like they are forcing their user to use the account. From the very first place, their platform, their own rules. Even let's say there's an act of forcing their user to use the account before blocking, you can't use the argument that it's your money, your rules since you should know the terms from the very start, and no one forces you to join the platform.

Next time, don't make simple problems too much to handle. Smiley


That's right. The OP is making a mountain out of a molehill. No one is forcing you to use their platform, and no one made you sign up in the first place. I understand that you want to close an account that you're no longer planning to use, but it's a simple issue that's resolved with simple solutions; just don't use them. Put a reminder up to send them an email in 90 days to block your account; till then, withdraw your funds and abandon your account. Their platform, their rules, and you agreed to them upon signup, but you probably didn't read them as most of us don't; they're might be doing it to tempt you, not to force you; that's not possible.
310  Economy / Gambling discussion / Re: Difference between afford to lose and can't afford to lose. on: February 15, 2024, 06:17:42 AM
Gambling what you cannot afford to lose may not be addiction. Addiction is characterized with dependence. So if I gamble today my entire month's salary and if I lose, I'd just borrow from my brother or parents, it isn't necessarily addiction. The following month or two, I won't be gambling anymore so that I can pay what I borrowed. This isn't addiction. Addiction is when you cannot control yourself from gambling. So even if you're drained of money, you borrow or you sell properties or you even resort to crimes just to support your vice.
I'm not sure if it's addiction or not; however, it wouldn't be very wise to bet your whole month's salary and practically go into debt, is it? That means that you have limited control over how much you should bet, and you're pretty reckless to spend your whole salary that way.

One thing is certain: no one likes losing money. Affording to lose money is quite a vague term. I can afford to bet high amounts on a monthly basis; however, I'd hate to lose large amounts recklessly on gambling. Thus, I'd say to bet whatever you're comfortable losing without being too upset, setting boundaries between what you can afford and what you're comfortable losing is essential. Just because you can doesn't mean you should.


311  Economy / Gambling discussion / Re: Gambling addiction causes loss on: February 14, 2024, 08:00:53 AM
He acknowledges that he's lost a great deal of money on gambling, but it's still not enough to stop him. He should go cold turkey and quit gambling altogether. I know you had good intentions, but gambling 20% of his salary is still not going to cut it. He already mentioned to himself that he's trying to recoup the $64,000 he has lost; he'll simply end up losing more in the process and continue his vicious cycle. He needs professional help, not some stranger's advice, before he ends up homeless. Doesn't he have any family members who could assist him?
312  Other / Beginners & Help / Re: I want to know more about Wallet address poisoning on: February 12, 2024, 08:22:08 AM
1. Scammers poison an address by sending little amount of coin into the particular wallet that they want to monitor

2. It is actually not a fake transaction but sometimes a small amount that is refer to as dust amount most at times cannot be spend but if the price should increase you can spend the coin just like other coins.

3. They wish capitalize on the potential victim negligence, such that the victim can copy there address when sending out coins instead of there’s, this mostly happens to people that copy address from transaction history
I've also received some random tokens—millions of them, actually—and I remember a wallet tracking website (supposedly to monitor your investments) displaying millions in value. Isn't that wallet poisoning, or is it simply a dust attack? Aren't they depending on you actually connecting your wallet to their fake website to attempt to sell them? I remember reading that they either steal your wallet information and/or charge you a ton of money in transaction fees for tokens that aren't actually worth anything.

P.S There's no shame in asking OP, nobody knows everything, no matter their status.
313  Bitcoin / Bitcoin Discussion / Re: The Relationship Between Cryptocurrency and Traditional Banking on: February 10, 2024, 06:44:05 PM
Banks are very important nowadays and are very helpful in any field, yes, even though the existence of crypto doesn't mean it will eliminate banks. the only advantage of the crypto world is that transactions can be seen by the public. It's different from a transaction bank, only the bank can know and it's private. The two concepts of banking and crypto are mutually beneficial
I personally don't see that as an advantage, it may be in some certain cases that I currently cannot think of, but sometimes, your address can be linked back to you. For instance, someone who views my signature campaign's spreadsheet can find my Bitcoin address and see how much Bitcoin I'm holding. I know that there are other coins more anonymous, and that Bitcoin is pseudonymous, but you get my point.
314  Economy / Economics / Re: Cryptocurrency impact on Economy on: February 10, 2024, 05:33:34 PM
You're mentioning numbers and percentages in your initial post, which I honestly find exaggerating. As other users have already suggested, 30% to 40% is an extremely high number that, firstly, doesn't make sense, and secondly, even if it did, you haven't provided a reputable source to back your claims. Personally, I don't see how cryptocurrencies are able to assist, let alone solve such complicated issues as poverty and unemployment. You're not presenting any solid arguments to back up any of what you're saying.

I'm sorry, but I do not agree. Cryptocurrencies can certainly assist in many sectors, such as freedom, anonymity, or fast transactions across the globe. They can assist financially, but mostly on an individual level. They don't grow on trees; they're not a money-printing business.
315  Bitcoin / Bitcoin Discussion / Re: The Relationship Between Cryptocurrency and Traditional Banking on: February 10, 2024, 04:56:39 PM
If traditional banks should disappear today, I would miss them and this is most likely true for most other people in the cryptocurrency ecosystem. A reason why we all use the traditional banks is that in the past, it was need and kind of the only choice or offer on the table. Look countries that are still developing a good number of their population are not "banked". Basically, banks are just payment services that aren't really doing anything in terms of value to their community other than bringing in profits for their shareholders.
The whole economy would collapse if banks were to disappear tomorrow because the capitalistic system is too dependent on them. Unfortunately, they're a necessary evil; you're getting paid through banks, conducting payments via transfers or cards, and withdrawing money. The current economy wouldn't function without them. Although cryptocurrencies can also conduct transactions, most of the time even faster than the banking system, they haven't been adopted for daily usage and aren't as convenient as simply paying with a credit card.

Fighting the banking system is wrong; I don't think cryptocurrencies will ever be able to replace them. I don't think that was their purpose anyway; they're meant to co-exist, although only a small part of the population has adopted them.
316  Economy / Gambling discussion / Re: Does even freezing a customer's account curb irresponsible gambling? on: February 10, 2024, 03:58:57 PM
There will be reputable casinos who have as their policy the enforcement of responsible gambling. They may not be so rampant but there are. The topic would have been more self explanatory if the OP had listed a few of those casinos that can freeze their customers account on suspicion that they are gambling recklessly.

Casinos that do that are responsible casinos. Because even though the goal is to make money but making money off of the right way and not off of so gambler's silly mistake is no fun. For those who say that the casinos are there to make profit, I want to tell you that neither would they run at a loss if they freeze the account of some gambler who is already showing symptoms of gambling addiction.
Which are those reputable casinos you're mentioning that enforce responsible gambling? Your statement implies that there are, but fail to state which ones they are; it would be useful if you actually mentioned some of them, because I highly doubt that there are any casinos that care whether you're responsible with your money or not. There's no right or wrong way to make money as a casino, when you sign-up on a when you accept their TOS and the possibility of you losing money, you're responsible for your own actions.
317  Economy / Gambling discussion / Re: Do you beleive in the concept of "Luck"? on: February 10, 2024, 11:09:49 AM
  • Do you believe in Luck? If so, how do you describe your perception of this concept?
I believe in probabilities, everything is a game of probabilities and they're even an individual branch in mathematics that deal with the occurrence of a random event. Luck is nothing more than probabilities, it's not a spiritual being to believe in. I generally don't believe in things that cannot somehow be proved, such as the existence of God, karma, luck and so on. This is the scientific approach, and the one I'm supporting.
  • How lucky do you think you are from 1 to 10?
Not sure how to answer that judging by how I perceive luck (and the whole scientific community but anyway), but I've found that occasionally, some things go my way. So if I were to answer that, I'd say a little above the average, at 6.
  • Does your sense of luck in regular life correlate with your luck in gambling?
I'm not sure, don't have an answer to this one. Gambling is all about chances and probabilities, I've won a few times but I've also lost a few times as well. That's also how life is, things don't always go your way.
  • Do you believe that some special things or actions can increase your luck?
Certainly not, as I've mentioned earlier, I believe in the science behind them and not some higher power. Thus, no, it's completely coincidental.
318  Economy / Gambling discussion / Re: Can gambling addiction lead to domestic violence? on: February 10, 2024, 09:32:02 AM
Well done brother, everyone has a bad side, mine is anger management issue, I am able to keep myself under control but few times I always lose my cool, I might fall victim if I get addicted to gambling and lose a lot of money, but thankfully I know how to protect myself from gambling addiction before I even start gambling.

Some people are already bad before they start gambling, they are the type that use forces to hijack peoples belongings and put the blame on gambling, they result into stealing from other people and possibly inflicting pain of them.

Such people should face the law if they commit any crime, the law won't pity you for losing money in gambling and hurting other people because of your loss, what you give is what you get.
You don't have to be "bad." Anyone can resort to gambling. The issue arises when you're going overboard, and it's actually negatively affecting you. This can be due to a variety of reasons, such as mental illnesses like depression, social anxiety, stress, and so on. In my opinion, it's unusual for someone who's in a relatively pleasant state of mind to fall victim to a gambling addiction. Someone who's feeling good and fulfilled won't get upset over losing some money on gambling; they won't go after their losses, and they'll simply let go.

Unfortunately, when someone is having anger issues or a variety of mental illnesses, the line to cross between being furious and resorting to violence is pretty thin.
319  Economy / Gambling discussion / Re: Does even freezing a customer's account curb irresponsible gambling? on: February 10, 2024, 06:55:39 AM
That's a good one; good luck with that. Casinos don't actually care if you even lose all your savings gambling; they take no action over "responsible gambling." They're money-making businesses; it's no place for emotions. They're there, so you'll gamble; your lack of self-control isn't their problem. They'll only freeze your account if you ask them to, or when we're talking about a possible TOS violation. Otherwise, don't expect them to save you from your troubles; even if they actually cared, you can simply create a new account with a VPN in no time.
320  Economy / Economics / Re: The savings problem on: February 09, 2024, 10:40:14 PM
Why not? If some people can achieve financial independence, then everyone can. From what you said, the reason some people cannot achieve financial independence is because they struggle with managing their finances. The main problem has been identified, and the solution is for them to take action and learn how to manage their finances effectively. If the only reason why some people continue to live with their parents is due to poor financial management, then the responsibility for correcting this problem lies with them.
Bad financial management is certainly one reason people, and especially newer generations, are unable to save. A large number of people near my age in my circle are unable to save a single penny out of their paycheck, which makes me wonder what they're doing with their money. However, what the OP described is actually true: the cost of living has immensely increased, especially after Covid-19, the Ukrainian war, and now with the Middle East crisis that's disrupting the logistics chain once again. Salaries have hardly increased to compensate for the excessive costs of goods and services.

Newer generations need to be extremely innovative in order to be successful. A few decades ago, the middle class could purchase a house with an average job, while nowadays, a large number of people are living from paycheck to paycheck.
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