Bitcoin Forum
June 04, 2024, 01:08:02 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 [156] 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 ... 311 »
3101  Economy / Gambling / Re: There isn’t a poker room you could win at ? on: November 10, 2021, 01:54:04 PM
Even if poker is a PvP kind of game the casino still has expenses to cover and since they are giving a service and they are using some of their resources to keep the poker tables online then it is natural they take a rake, and as you say this rake is lower than what we see at physical casinos, however I can understand why some may find difficult to profit from it as the number of poker players on those websites is limited and many are decent players so unless you are way above them in terms of skill then you are not getting any profits against them.
I think that you can find online casino or poker room with players who`s skill will be at least not higher then yours own. But the most interesting game is when you`re winning powerful opponents as for me. In such wins you usually getting good profit and good moon. In easy games you can get profit, but mostly it will be less then your normal profit, and surely it will not be fun.

The trouble with these smaller and niche poker rooms (e.g. cryptocurrency only) is that they tend to be dominated by sharks. When you're on somewhere like pokerstars there are thousands, if not tends of thousands of players, and lots of new fish sign up each day to leak cash. This keeps the sharks fed while the fish either learn the game over time or drop off. However if you are looking at somewhere like swc where there might be 150 players online, who are spread across different buy-in tables, you'll find that they often know every single player there and how they rank against them. New fish are rare - so they get targeted and wiped out very quickly, which leaves you with a constant low amount of players. It's hard to see a crypto poker site doing well unless we have much wider adoption or a single site throws so much money into advertising they can reach a "critical mass" which draws in a sustainable amount of players (like having at least 1,000 online at any one time)
3102  Economy / Gambling discussion / Re: Genting Casinos awarded for their safer betting standards on: November 10, 2021, 12:44:17 PM
There doesn't appear to be much information available on the criteria used to measure casino safety.

I for one had no idea casino related injury was a serious public health hazard, in need of oversight and rewards.

Businesses proudly display their "207 injury free days" signs on their premises. This must be something similar, which I'm not a fan of. In this world where rising oil prices and inflation are real threats to society and standard of living. I can't imagine people focusing on small issues relating to casino safety. As if casinos pose serious health hazards to anyone.

Quote
The Standard covers 10 areas and up to 58 separate criteria which are the foundation to building a safer gambling approach. The Level of Award a gambling business can receive also depends upon the degree to which the business can evidence meeting up to 15 Advanced Level criteria.

Safer gambling stems from a gambling industry that:
  • is committed to taking care of its customers
  • empowers its customers with the knowledge to manage their gambling
  • ensures that the young and vulnerable are protected from the adverse consequences of gambling

Examples may include:
  • A gambling business sets in place specific rules or logic to identify a customer at risk of developing a gambling problem and has trained staff to effectively interact with them.
  • A gambling business provides customers with tools to set time or spend limits on their gambling.
  • A gambling business puts in place systems to detect underage gambling
Source: Social responsibility accreditation for the gambling industry - https://www.safergamblingstandard.org.uk/

Nothing special about this reward in my opinion! I wouldn't like someone to have over my head telling me I had too many drinks, I spent too much money, to stop and try another time... and this is about it:

Quote
A proactive customer interaction is a business-led interaction with a customer based on concerns the business has about the customer’s level of gameplay.



This reward was definitely created as a means to squeeze a bit of money from the industry on behalf of the regulator. It would not surprise me if the people issuing this award were in some way compensated by the various casino operations - whether receiving free hospitality (e.g. hotels, flights) or receive direct funding from the people that they are supposed to be judging - of course in an "impartial" way like membership fees. At the end of the day this award issuer likely has bills to pay and will be receiving various financial contributions, so you have to wonder how unbiased they will be. The baseline you discovered should be expected across every gambling institution in the UK by law, so you've got to wonder how unique and special such an award can be.
3103  Bitcoin / Bitcoin Discussion / Re: Why did you miss Bitcoin? on: November 10, 2021, 12:35:54 PM
In recent years, more and more people have started to talk about Bitcoin with me, and the most common words are:

1. I started paying attention to it many years ago, but unfortunately I didn't buy it.
2. I bought it before, but it was a pity that I got off too early.
3. I should have listened to you at that time, buy some.

In fact, just one sentence: missed it.
Why didn't most people expect Bitcoin to be as brilliant as it is today?
In my opinion, the key reasons that make you miss the Bitcoin opportunity are actually the following aspects:

1.Whether the information is unobstructed.
This one determines your vision and insight.
In fact, most of the channels for people to obtain information are from the circle of friends, and a few are from themselves and have excellent qualities that love tossing.
The level of your circle of friends can determine the quality of the information you get.
If no one tells you, or if you happen to pay attention to cutting-edge technology, it is impossible for you to hear about Bitcoin. You can't search for relevant information on search engines, after all, you can't search for something you don't know at all.

2. Resolution
The more information, the stronger the resolution needed.
It may be better if it is a field that you have always understood, but if it is a field that you did not know before, can you distinguish it correctly?

3. Whether the investment capital is idle?
If the money you invest is from a loan, you will check your account balance every day. Short-term fluctuations will make you not hold it for long. Only after you invest and forget the existence of the money can you hold it for a long time.

4. Mindset and boldness.
No matter what the investment is, it is normal to have ups and downs, ups and downs.
Buffett said that he is fearful when others are greedy, and greedy when others are fearful.
The question is when everyone is afraid, do you really have this mentality to stick to your own opinions? Does the conclusion you insist on must be correct? For example, when Bitcoin crashes 80% for the first time, can you be indifferent, and will double up after being determined, instead of thinking that this is just a scame, and now it’s crashing?

If time goes back 10 years and give you another chance, will you really take out your real money and buy it when Bitcoin is still considered air?
If you are given another chance, will you really insist on not selling after you have made several times the income and hold it till today?
If you were to give you another chance, would you really listen to my advice and allocate a bit of Bitcoin as an asset?
No, you still won’t. After all, I'm not an expert, because you don't believe that the future of Bitcoin will exist like a sea of ​​stars.

Everyone has different goals in life and not everyone can hold Bitcoin indefinitely. At some point you are likely to sell, if only a small amount, so you can put it into projects like buying projects (a roof over your head) or diversifying your risk away from holding a single asset. That would seem like a very sensible way to invest any gains you've got from Bitcoin. As we saw with the hit it took at the start of Covid, it is definitely not immune from wild swings in value, so it is always worth considering if your entire financial portfolio is properly balanced. Risk profiles can also change over a lifetime, if you are young it is possible to recover from any losses however if you have just retired then mistakes like only holding a single asset could ruin your future happiness.
3104  Economy / Gambling discussion / Re: What would you think of Meta (Facebook) allowing bets in the metaverse on: November 10, 2021, 11:10:38 AM
It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do  you make of this?

Considering all the bad publicity Facebook gets already, I highly doubt that it will be set up with the intention to allow gambling. They'll probably have some form of microtransactions going on and that will include gaming items - like skins or weapons. It might happen further down the line, but Facebook already has a solid amount of big name advertisers that they might not want to possibly compromise that revenue stream if they were to allow betting (which is still shunned by some). Once everything else is going and maybe ten years down the line as it gets more widespread in America (as we see with States getting more lenient) then it might be more acceptable.
3105  Economy / Economics / Re: PayPal cryptocurrency trading volume beyond expectations on: November 09, 2021, 09:26:13 PM
In the fourth quarter, payment giant PayPal attracted 16 million new customers and processed payments worth $277 billion. According to CEO Dan Shulman, the company is actively investing in the cryptocurrency division, which more than met expectations.

PayPal's total revenue for the fourth quarter increased by 23% to $6.12 billion in the fourth quarter. The financial results were positively impacted by the support for cryptocurrencies, which appeared for PayPal customers in the United States on November 12.

PayPal's declares its uniqueness and therefore inevitably leads to profit, but whether this is really so in the end we will decide





Now: Centralization reports on profit and decentralization shows a growing volume and on which side you will decide

It's nice to see the quarterly figures rising and we all knew that Paypal was going to be a big player once they launched it - Bitcoin has only been getting more good news since that time so we can expect to see higher amounts at the next publication. Paypal certainly isn't unique but they did have a huge customer base that they could push cryptocurrency towards and everyone wants a piece of it right now. Other payment networks will also be getting the memo now that they need to build up similar infrastructure if they want to open up a whole new area of transaction fees, as it is going to be extremely lucrative for the earliest players.
3106  Economy / Gambling discussion / Re: The reason why Crash Games usually crash at lower values on: November 09, 2021, 09:05:21 PM
There is no game that is designed in a way to be a place "where you can possibly gain profits". Each game is designed in a way to let you win back what you put in minus house edge (on average) with every bet you make.
at the end of the day casino games arent all about fun and games, this is a profit making business and i will disagree to this statement that it will late you break even in all your runs....if it were designed like this then martingale would have been the best strategy to win  on casino games!!

You miss my point. I said "Each game is designed in a way to let you win back what you put in minus house edge (on average) with every bet you make" so if you pyt 100$ into single bet casino is designed in a way to give oyu back your 100$ minus house edge (most often 1-5%) so give back 100$-(1$~5$)= ~98$ on average. So you are down 2$ on each 100$ bet on average. This 2$ is casino profit. I didn't said that casino does not earn on you. Its designed in a way to give you fun, entertaiment and chance to win big but takes small portion of your wallet with every bet you take (on average!)

crash games are volatile and unpredictable , i have seen on several occasions a string of less than x1.3 get hit and nothing of a x2 which makes this unpredictable, roulette has to be a better choice of games Tongue

Wrong. Crash is predictible. If it was unpredictable how would casino earn on it? It may be umpredictible during single try, but after N tries (where n tends to infinity) you end up with:
current balance = starting balance - (house edge*your bet) * number of bets

This is the truth and it is so simple for outsiders to understand when put in such clear terms. Gamblers often have a habit of lying to themselves however, or they think that the casino somehow owes them a mega win. Even if that mega win were to come it is rarely enough to someone with this addiction. The casino is quite happy to let you spread your losses over a longer time period, because you get to see more wins and build up that habit forming behavior that keeps you coming back for more. They would rather you win back money and take a tiny commission each time, rather than one and done where you will not reload your balance.
3107  Bitcoin / Bitcoin Discussion / Re: New York's Mayor-Elect to Take His First Paychecks in Bitcoin on: November 09, 2021, 08:45:41 PM
Democrat Eric Adams, who was elected as New York City's 110th mayor earlier this week, has just announced that he will take his first three paychecks in Bitcoin.

Shortly after the election, Adams vowed to make "the Big Apple" a cryptocurrency-friendly city in an interview with Bloomberg, following Miami's suit: 
"He has a MiamiCoin that is doing very well — we’re going to look in the direction to carry that out."
The mayor-elect said that he would strive to remove hurdles that are hindering the growth of Bitcoin and the broader cryptocurrency industry:
"We're too bureaucratic, too expensive and too difficult to do business."
New York state is notorious for its draconian BitLicense requirements that make it extremely challenging for crypto businesses to legally operate in the financial capital of the world.
Earlier this week, Miami Mayor Francis Suarez, who scored a landslide relection victory on Tuesday, tweet that he would accept his next paycheck entirely in the largest cryptocurrency.   


Source: https://u.today/new-yorks-mayor-elect-to-take-his-first-paychecks-in-bitcoin

It's a bit gimmicky but at least it is a positive development instead of spreading division or hate which we've seen lots of politicians do recently. It shows that he is very knowledgeable on cryptocurrency and is likely trying to appeal to younger generations, so hopefully he gets support. If he is willing to accept his paycheck in Bitcoin then we can see that he will likely expand on regulation in the state (in a good way) and probably want to turn New York into a center for cryptocurrencies to compliment it's already extensive financial credentials. It's probably one step down from the President endorsing it to have people at this level, albeit just a potential voters candidate, preaching the good news about Bitcoin.
3108  Economy / Gambling discussion / Re: Online sports book, New York. on: November 09, 2021, 01:18:35 PM
The New York State Gambling Commission recently recommend three companies to operate an online sports book online.
-Pointsbet
-Caesar
-Rush street
Apparently the CEO's are extremely happy about the recommendation made since this shows that they are not only doing a good job but they are also considered to provide exceptional services online.
They are waiting for the official opportunity to leverage sports betting and to have a healthy relationship with NBC as well in lieu of a partnership.
Caesars are currently operating in 20 states and 14 of them are online already. Therefore this could give them not only more exposure but they would already be ready for it and would know how to handle it.
Quote
In addition to operating numerous retail sportsbooks across the country, Caesars Sportsbook is currently live in 20 states and jurisdictions, 14 of which are mobile. The sportsbook is the official casino sponsor and an official sports betting partner of the NFL and has signed agreements with the NBA, NHL, MLB; and over 20 individual teams across the country while being the exclusive odds provider for ESPN and CBS Sports.

Rush street is already well established in other states as well and therefore they are also going to provide amazing services to the new Yorkers.
-They are supposed to launch everything during the first quarter of 2022.

Why is this news so important?
-This news is highlighting the importance of sports betting especially online for the Government regulated bodies, therefore we can look forward for positive impact and more space being provided to the gambling industry in New York.

https://www.gamblinginsider.com/news/13816/operators-react-to-recommendation-to-operate-online-sportsbooks-in-new-york

Legalized gambling is extremely lucrative wherever it is setup, so those CEO's will be extremely happy to get online gambling licenses in one of the most well known states in the USA. Vegas might start to lose some of it's power as a mecca for gambling in future, so any big casinos there (e.g. Caesars) are definitely battling it out to get these licenses and conquer a new market. Covid would have been a huge hit to physical casinos and probably dropped their earnings to a tiny fraction, so this will give them a lot more stability in future. There has been a lot of buyouts in the UK as well recently where established US companies are taking over bookmakers in jurisdictions that have much more lenient laws.
3109  Economy / Economics / Re: Jefferies sells Gold to buy Bitcoin on: November 09, 2021, 10:08:33 AM
It is yet another example that Bitcoin is the best safe-haven asset and the best hedge against inflation, managers start acting as if it were:

Jefferies’ Chris Wood boosts Bitcoin holdings to 10% at the expense of gold.

"The Global Head of Equity at Jefferies (NYSE:JEF), Christopher Wood, has joined the group of investors that are ditching gold for more Bitcoin exposure. He has reduced his position in gold to expand his investment in the world’s largest cryptocurrency.

This isn’t the first time Wood is forfeiting gold for the sake of Bitcoin. In December 2020, he cut down the gold stock in his long-only asset allocation for USD-based pension funds from 50% to 45%.

Interestingly, Wood has not always been a fan of the digital asset. He had carefully avoided crypto investments in the past due to security concerns. However, he has had a change of heart just like most institutional players of recent.
"

I think this news is pretty bullish. We have another financial manager who just a few years ago did not believe in Bitcoin and now has come to consider it better than gold, also putting his money where his mouth is: progressively increasing exposure to Bitcoin at the expense of gold.

I think in the long term gold will continue to have value mainly as costume jewelry, but as a store of value Bitcoin is going to eat into it.

It makes perfect sense really, before cryptocurrency existed Gold was a great hedge against inflation because the amount being pulled out of the ground was fairly small and consistent each year. However if the pandemic has taught me anything, it is that for a solo retail investor it was really hard to cash out when all the shops were shut down and I'm not sending lots of gold bullion by post. Right at the moment when I most needed to convert gold to cash, it became almost impossible due to lock downs and I possibly missed out on some stock market gains which is where the cash would have gone instead. Bitcoin is so much more versatile and accessible from anywhere with internet.
3110  Economy / Gambling discussion / Re: NO KYC Sportbooks? on: November 08, 2021, 10:17:21 PM
What are some sportbooks that will NEVER ask for KYC

One thing that is worth questioning is - if this company does not ask their customers for the very basics, which is an expectation in almost every country in the world to prevent money laundering, then what other elements might they be trying to skimp or take shortcuts on? Now asking for KYC is not some bullet proof defence that makes a company impenetrable and it could also be abused by all sorts of sketchy people, but looking at the wider picture you should want a company that has basic standards like this. It might just save you from waking up one day and them saying "all your money is gone because we couldn't be bothered to pay for proper security personnel" or "the government of our country seized all funds because we weren't compliant and had no idea what we were doing".
3111  Economy / Economics / Re: Preparing for the future. on: November 08, 2021, 09:43:56 PM
Unfortunately with the current projection of things, the pay from that job that you have spent most years in school preparing for and trying to get may soon not be able to sustain you economically in the near future. Also, that dream job/career that you are working and hoping so hard to get may soon become an obsolete profession due to the change and evolution in technology and ways of doing things.

My opinion on the way forward?
 -Upgrade your mindset and break free from the old mentality of "Finish School, Get a Job, and work yourself for a paycheck to retirement". If you have a great job, and it is what you love, I'm not against it, but for the sake of the future...you must arm yourself with knowledge and learn a high paying skill that has future prospectives if possible.

If it is possible for you to have multiple high paying skills, that is good, the problem is in not having any.

What a random list of jobs you've put together. The world in a hundred (or maybe several hundred) years is going to be a vastly different place to what it is now and really people need to be extremely adaptable to whatever skills are in demand. That demand will fluctuate, you speak of SEO work but a lot of that is automated and many of these jobs may be replaced by certain types of artificial intelligence in the near future. The world could be a vastly different place in a hundred years where hopefully work becomes optional (universal income) and automated systems do a lot of the hard work that people do now. It's better not to fear change, but embrace it and look for new unidentified opportunities.
3112  Economy / Gambling discussion / Re: Has anyone placed esports bets? on: November 08, 2021, 09:32:32 PM
Hey guys,


I am currently attending the ICE London event today and there is evidently a massive focus on esports this year. So I wanted to find out if anyone has recently bet on anything esports related?

There was a live esports game today (CS:GO) at ICE with GG.Bet covering the betting, with the match taking place between Mad lions and OG esports.

You can watch the video here: https://www.youtube.com/watch?v=UnMYAd_O0xk

Let me know if anyone bet on this game!

It seems like eSports is a massive growth industry and we are still in the very early days of it. I think the reason we see so many of the older games like counter strike and league of legends, as opposed to many of the newer games (e.g. call of duty) on betting sites basically comes down to cheating. We're unlikely to see much sports betting going on outside of highly regulated arena style games, where players have to use host provided machines that cannot be interfered with in order to make sure everyone is playing fairly. Covid would actually have put this whole scene on ice for a while because it's so easy to modify and introduce hacks to machines at "home" that would be untraceable but wildly rig the game in a cheaters favor.
3113  Bitcoin / Bitcoin Discussion / Re: Will bitcoin ever get regulated on: November 08, 2021, 08:54:12 PM
This topic have taken the center stage of my thought we have seen how countries around the world are gradually opening the economy to adopt bitcoin and as a result a lot of government policies are already underway to develop a framework that allow regulation of the bitcoin ecosystem which have made me to wonder on this topic. Can a decentralized currency like bitcoin ever get regulated?

It is, has and will be regulated - there is no doubt about it. People who sit on cryptocurrency as a large investment inevitably cash it out as the price goes up in order to meet their living expenses or simply put it into other assets such as property. When you make that transaction and large sums of money suddenly appear in your bank account, you better be sure that your financial transactions and traceability are all in order because the tax man will come knocking very shortly. Banks receive the money and have to comply with local regulators along with anti-money laundering regulations which means you need to explain where that cash is coming from in most countries. It has only got stricter over time as governments see the vast amount of money that is slipping through their fingers and new taxes are often being introduced all around the world to target crypto and similar forms  of tradeable items.
3114  Other / Off-topic / Re: Do spectators now know better? on: November 08, 2021, 08:09:19 PM
I understand that getting a professional knowledge in coaching introduces an individual to aspects of a sport not known by all, but oftentimes i have witnessed individuals (spectators) of a sport, due to extreme love for a sport become masters of a sport so much that it seems almost like they now know the sport better than some coaches.

Whenever a game is going on say football, you always hear such individuals question the coach's line up and tactics, you hear questions like -

-Why is he (the coach)  not playing player xyz?
-why did he (the coach) use player xyz instead of players zyx?
-why is he (that is the coach) using this formation instead the other one? and so on.

-Is there a possibility that spectators of a sport like you and i with no professional training can develop a better understanding of a sport than some professional coaches of some teams?

There is definitely something to be said about observers who are very close to the game, however they will tend to be experts in one team while maybe following other teams less closely - which makes it hard to find an advantage overall. It you have a solid team that is winning game after game, it is unlikely that formula will be changed by any sensible coach, but injuries can cause new players to be cycled in and they may either weaken or improve a team. A keen follower might be able to distinguish that and possibly identify that they may lose a game due to reduced skill or cohesion, but it will be very hard to do consistently by a single person. It's worth adding that an Australian betting syndicate is making big money by identifying small discrepancies between odds on peer to peer exchanges versus bookies, which would be a similar thing taking place.
3115  Economy / Speculation / Re: 60k price recovery achieved on: November 06, 2021, 09:00:12 AM
This rise isn't backed by any tweets or announcements (not that I know of at any rate) by any individuals, or, corporations, so I would expect that the price may rise about another $10,000 and then plateau at around $72,500 by year's end.

Investors were excited when the car salesman talked up bitcoin then were spooked into dumping when the car salesman talked the price down.  Time to move on and promote Bitcoin and it's full potential.

I think there have been lots of little announcements that have boosted the price up since it dropped back down. It becoming an official currency in El Salvador has given it a lot more credibility in the fiat currency world. Things like Mastercard planning to offer abilities for various cryptocurrencies in future is a huge boost to it - they are one of the few large payment card providers in the world and it will give huge accessibility benefits to Bitcoin when it gets going. Then we have lots of banks announcing that they have plans to allow cryptocurrency purchases in future. Collectively the trend is still positive and this could mean an even higher boost than what you're expecting.
3116  Economy / Economics / Re: What's the best advice? on: November 06, 2021, 08:14:13 AM
With the way crypto world is going now and everything is techy futuristic what advice would you give your children when growing up?

Gaming as we know it can now give you monthly payments and as a parent would you allow your kids to get into this just for the money making? To be honest kids are more good at gaming

While financial education is slowly changing and improving in schools, I think teaching them the basics will really give them a strong footing in life. Often times people can be in their 30's, 40's or 50's before they come to understand how certain financial instruments work - some never learn at all. It can be really beneficial to learn about how things like mortgages, credit cards, loans, compound interest and the stock market really works. The most important thing for many investors that you cannot get back is time, if you're able to comprehend the financial world early then you can put your money to better use and have it working for your benefit, rather than living paycheck to paycheck. There are many books on the subject and it can really expand your abilities to read them.
3117  Bitcoin / Bitcoin Discussion / Re: Treasury bonds and bitcoin on: November 06, 2021, 08:08:30 AM
There seems to be a belief by some people that:
1) The money that is currently put into negative-yielding Treasury bonds needs a new "home" and
2) That new "home" is likely to be bitcoin

Can someone explain this in more detail. Why are Treasury bonds being compared to bitcoin? I understand the rationale behind point 1, but don't really see why a large portion of it will move into bitcoin. I can see it moving away from Treasury bonds, but I also see it moving to stocks, real estate, gold, silver, other commodities, art, pokemon cards etc. 

This seems like it is a bit late to the party. Interest rates were at record lows the last few years, meaning that investors had to look to potentially riskier assets to make a return on their money - so a lot of it flowed into all sorts of things like property, stocks and things like cryptocurrency. The money printing press has also been running at full speed pretty much since the 2008 financial crisis, meaning there is a lot of cheap money floating around the economy which is also looking for a return on investment. What we could start to see in the coming years is inflation going up, which means interest rate rises as central banks try to cool it off but Bitcoin will still stay strong regardless.
3118  Economy / Economics / Re: 6 billion to solve world hunger? on: November 05, 2021, 05:55:26 PM
Have you read the latest news?
"Elon Musk is ready to sell his Tesla shares to donate $6 billion".(source).
Quote
This comes in response to a tweet made by David Beasley, director of the UN’s World Food Programme (WFP).

In his tweet, Beasley had mentioned the $36 billion increase in Musk’s net worth after Hertz ordered 100,000 Teslas. He added that one-sixth of this increase, which is $6 billion, could help save 42 million people who are suffering from famine.

If interpreted based on google data, that number is only about 2% of the total value of Musk's wealth.

What do you think,
Does it really only take 2% of musk's wealth to solve world hunger?
How do we assess this phenomenon based on its purpose, from a humanity or economic perspective?


Elon is not selling his assets to donate $6 billion, it was simply a rhetorical answer to a UN official who claimed to have some magic formula for ending world hunger and that a billionaire like him could solve it overnight. Elon gets to look like a hero by countering this ludicrous claim that such a low amount of money is a magic bullet to stop something that has plagued mankind for centuries. The UN official gets some free publicity for their cause but really looks rather silly to anyone with an ounce of intelligence who would know that having a big pot of money (which is tiny in practice) does not instantly solve this problem which has all sorts of reasons and causes.
3119  Economy / Gambling discussion / Re: Issue of fixed Matches on: November 05, 2021, 05:47:14 PM
I was with a friend today who was in a hurry to place his bet on some numbers that were sent to him for some football matches that he believes are fixed. I'm a bit confused how fixed matches work.

Are fixed matches real? Do the coach and players of teams were matches have been fixed, do they consent to it? If you were in a team were your next fixture has been fixed, what will be your reaction?


They are most definitely real but chances are they only affect a very small percentage of any professional sports league. If you can imagine that professional players are meant to be the very best and are hired based on that skillset, yet the main way of rigging a competition would be to intentionally lose. If you keep losing as both an individual or a team player then eventually you will end up competing only in the lower and less profitable ranks of the game. It is usually pretty obvious when teams or solo players have intentionally attempted to rig a game, because they are usually favorites and have to make some rather silly mistakes in their usually solid game play to let the opponent win, if you do that enough times it comes under a lot of scrutiny.
3120  Bitcoin / Bitcoin Discussion / Re: Daily Reminder: Watch Out for $5 Wrench Attacks on: November 05, 2021, 05:14:58 PM
It's that time of the year again, where our coins are worth a lot more than they were months ago.

Sometimes it feels great sharing your gains on social media, especially if you haven't had this much money in the past. While I think we need to have our egos stroked once in a while, sharing them on social media(or by just telling everyone) is not the way to do it.

https://www.newsweek.com/bitcoin-millionaire-zaryn-dentzel-beaten-fortune-stolen-masked-robbery-cryptocurrency-1645550

"In LA, people will rob a convenience store for $50. Wait until they realize they can go into the home of a software engineer & make out with hundreds of thousands." - Nikita Bier

It's a scary world out there, ladies and gents. So you better watch out.

Some quick reads:

It's definitely a worthwhile reminder that some people here have $50k+ stored in Bitcoin and some people would literally kill you to get hold of that sort of money. It's easy to get complacent when you have lots of cash and assets floating around, that you might want to start bragging when the alcohol starts flowing out at the bar - but you never know who is around you that might be listening to your conversation, or what steps they might take after overhearing such things. It just goes with being humble I guess and realizing that money might cause people to do some horrible things against you, staying quiet about your wealth is probably best even with your closest friends and family.
Pages: « 1 ... 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 [156] 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 ... 311 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!