On long run gamblers can't beat the house. Even if that gambler went home with 8000$ and didn't come back on the next hour or day to lose everything he would have lost it along his future gambling sessions. What he could have done was to use this money better through a proper management, so he could play for more time and have more entertainment with that same sum of money, instead of wasting everything on next hour after he has hit the prize. I believe he got too excited for winning such money and wasn't able to control his emotions. Let's hope this situation was useful as learnship for him.

Isn't it possible that the industry is growing proportionally to the inflation? Let's say pets products' prices have increased 10% in one year, at same time the industry has grown 7%-8% on that same time period. If that is the case, people aren't spending more with pets, they are simply maintaining the same budget all the time, what is expected, since people who can afford such expenses with pets aren't in the lowest classes of society.

On the other hand, I'm aware of several cases of poor people who abandon their dogs on desert roads and even kill them at home at some point. Actually, I doubt most animals, especially dogs, are being well treated in the world, although the mindset nowadays is changing to a more humanist approach towards animals.

The problem is that the technology is still just a promise. There isn't anything visually enjoyable offered by metaverse projects yet. I believe most gamblers won't feel tempted into adopting this new feature to see themselves and other gamblers around them in cartoonish graphics which were firstly designed for kids a long time ago. Gamblers need something more realistic and attractive to have an immersive experience in this new world, otherwise it's just a marketing strategy by big companies like Alibaba to join the currently hype which has reached the currently importance stage mostly due to facebook metaverse's propaganda.

I agree they can be considered gambling. Players may get addicted on the rewards and won't measure any limits in order to acquire what they want. They can spend hundreds of even thousands of dollars until winning the desired skin or skill in order to stand out among other players or maintain a top position on the game's ranking.

The only difference to traditional gambling is that in this case players aren't looking for money or profit with their gambling addiction. They are looking for status and prestige.

September is being the worse month for crypto in the entire year. Bitcoin is hardly touching the 20,000$ price, always being dragged down when it reaches close to the mark. The world is collapsing in war and economical crisis and those might be the reason why crypto market can't recover itself right now. Speculators are making profit with the raise in interest rates executed by governments (more recently it was England raising 0,5%) on their local countries, therefore they are moving funds out of crypto, but this tendency must be reverted in 1 or 2 years (maybe 3 or 4 in worst case).

Personally I think the most important recognization Satoshi has already achieved without Nobel prize or any other honorable mention by authorities or centralized organizations, groups of power and interest. Satoshi has the respect and acknowledgment from common anonymous people of the world who have adopted bitcoin and changed their lives considerably thanks to the decentralized blockchain's ecosystem. After all, that is what really matters and confers him the assurance he accomplished with his duty in this world for a good cause that impacted hundreds of thousands of people positively and will reach many more yet.

Not only gambling companies, but you can think about any kind of business which accepts bitcoin operating in every countries. How can they accept bitcoin for products and services if it's not legal tender? Thankfully there aren't laws which prohibits bitcoin from being accepted in most countries of the world. People have freedom to accept the payment method they wish and with casinos it's not different. They simply have to fullfil what the local regulators ask for. Since they deal with btc, they probably just need to declare authorities annually their btc income in fiat values proportionally.

At this point I don't know what is more risky: a bearish crypto market or fiat currencies melting purchasing power each new week you go to the supermarket. Personally I'm entirely into crypto and more specifically bitcoin, with the exception of the money I need for daily expenses, so I believe to have more than 90% in btc and less than 10% in fiat. If it's safe or not only time will tell. Life is full of uncertainties and sometimes you are surprised when you least expected in a negative or positive way. I hope to be surprised positively on this matter, with the permission of God, as soon as this bearish market is over.

I mean, at least from bitcoin you can expect something futurely, while the same can't be said regards fiat.

The game has to be addicting enough to compensate the proportion between players who are playing for money against players who are playing for fun. This way, players playing for fun will maintain the economy stable and sustainable. That is what happens in popular mmorpgs where players practice the called RWT/RMT (real world trading or real money trading). Although it's officially forbidden by the games, this practice has proven to work and to be profitable along the years for the people involved on it.

I believe there are different alternatives you can think about in order to gamble and at same time help the people in need who come across you. Or maybe you have already helped people recently with your money, so you can't neglect yourself and your personal needs to think exclusively about solving others' problems.

So you can communicate the local government those people are in difficult conditions on the streets and they will have to come after these people, after all public employees are being paid for this and there is a specific budget for that kind of social problem. You can also talk to those people in need and ask why they are living like that, what they need, etc... And advice them on what to do accordingly.

It can be done by not giving children everything they want and ask anytime. Normally, kids who don't have any limits are likely to develop problematic behavior when they grow up. Since everything in their lives was so easy to achieve, they don't value things, especially money, because it has become trivialized and easily acquired from their parents without any rules or conditions.
Then these children won't think twice before spending money irresponsibly, as they know there is more from where it has come and can be claimed as soon as they demand. Of course at some point it will become a serious issue and there won't be enough money to cover the children's expenses, so it's better parents pay attention to them and change this reality before it's too late...

Are you describing fiat before bitcoin was created?

Because those were 2 characteristics of fiat for me back then, since I didn't have access to another currencies, so my local fiat currency was the only option I could use, therefore it was impossible to sell it. Moreover, without access to other currencies the price of my native currency was always fixed.

I don't miss those times and for that reason I wouldn't adopt this kind of token. It's too restrictive and goes against the wide freedom we are looking for when dealing with cryptocurrency.

Thanks.

Bitcoin will most likely lose more value by the end of this year yet or in the best scenario continue on this same price range near 20,000$. There aren't positive news that could influence bitcoin on the other way upside. The market is weak, investors are interested in another financial niches, new projects don't bring innovation, stability or security to customers.

I hope from next year on crypto market starts recovering again, so we can reach to 30,000$ and maybe 40,000$, but it will highly depend on the situation of traditional economies of the world and how weak fiat currencies are going to be. The weakest fiat becomes, the stronger crypto gets.

The tendency for fans' tokens is that only fans of their clubs purchase them. Something that could influence the demand and popularity of those tokens is the influence of the club officially over each respective token. Let's say a popular soccer club from Europe launches its fan token officially and offers many different bonus and advantages for holders. It can be discounts on club's products, tickets and memberships or even a sharehold of the club in order to earn monthly interest. Depending the creativity of developers fan tokens can be an interesting investment.

So sad. I thought that by having an identified individual forward the business it would be a guarantee to investors, as he couldn't simply run away with everyone's money like it has happened in crypto world with the usual anonymous ponzi schemes so far. Unfortunatelly that is what is happening, and worse, under the legal process.

I also thought the authorities would act more strictly and energetically towards slippery scammers in a country like US, even though each state has its own methodology.

After all the bankruptcy happened because Mashinsky lied and promised a result to customers he couldn't deliver, gambled with investors' money doing daily trading, lent money without enough collateral. It was like he premeditated it since the beginning, especially when taking his 'terms and conditions' in consideration and how they were written to not give depositors any protection or right over their own funds.

There isn't any great game available right now, as far as I know. I attempted to start playing a play to earn RTS days ago, but I couldn't even receive a confirmation email from the game to start playing. Tried few times, waited a while, and nothing, so I just gave up and uninstalled the game right after. These games are still too broken and the ones which work more or less don't offer a great experience to players because they force people to invest too much money or because they offer an hostile environment full of toxic players and bots. If you aren't active 24 hours and if you don't invest money you are only going to be bullied by others.

During the Axie's hype play to earn looked great and promising, but the tendency wasn't able to keep it up and now it's declining. Maybe in few years this scenario changes.

Oh, and those youtube channels promoting every play to earn games around astonished as if they were the most recent gems discovered by humanity and launched by gaming industry are really annoying.

It's still possible today. There are few alternatives of casinos which don't ask for KYC, although we have no guarantees tomorrow they won't start demanding KYC from users. So gamblers must be careful even when depositing and keeping funds on such casinos, because at any moment they might be forced to provide their IDs in order to cashout funds, otherwise they are going to lose their funds.

Anonymity or pseudo-anonymity was good while it lasted during the early days of cryptocurrency. I think many people here will remember those times with nostalgia...

Congratulations for not chasing losses. Although you lost, you didn't keep playing in an desperate attempt to recover your money and that is always the right approach. It means you aren't an addicted or aren't developing a gambling addiction. If every players had this same conscience you had there wouldn't be problem gamblers, so everyone would be playing responsively, practicing the activity regularly, but not prejudicing themselves financially, rather just having entertainment and enjoying their time.

What a joke, now Mashinsky wants to sell 23$ million in stablecoin assets from depositors to pay for the daily operations of the company. In other words, to pay his own wage and the wage of his 300 lackeys (why so many employees?). In fact, this guy should have his patrimony seized and put for sale in order to compensate the losses he caused to hundreds of thousands of people.

Mashinsky's goal is clear. He doesn't want to save or rebuild the company, he simply wants to gain more time to escape jail, while profiting from investors' remaining funds. I don't understand why the justice system is so slow on this matter and at same time why Celsius doesn't remove this scammer from the leadership of the company and replace him by someone else who could at least try to recover their reputation, working side by side with honest professionals who put the interests of the company and customers above their own personal interests.

https://www.coindesk.com/business/2022/09/16/crypto-lending-compmany-celsius-files-for-permission-to-sell-its-stablecoin-holdings/