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4541  Economy / Gambling discussion / Re: Vietnam bursts an illegal casino who used to handle bets worth $3 billions on: September 26, 2020, 12:18:55 AM
That's the problem, even the government is tolerating those illegal casinos because some higher officials owned those illegal casinos that are operating in the shadows. There are a lot of illegal casinos that exist today, we don't know it because even the police are covering it. It's the same issue with drugs, those who are against the drug lords are also drug lords. Even they implement a nationwide operation of destroying drugs, they can't because they're one of them. If the digital world has a lot of illegal casinos that doesn't have any permit to operation, what more in the actual?
Well, that's why most need to actually see it in person before being able to take action. It actually needs to be a big thing, so that the authorities have no choice but to move, whether they like it or not. It's a good thing that the internet is a thing today, this makes reporting such things and making a lot of people know about it a lot easier. Also, I doubt there's much to it to even compare irl and digital casinos, especially since digital ones are far easier to actually create and manage compared to physical ones, which makes having more of those have sense compared of illegal physical casinos.
4542  Economy / Economics / Re: IMPACTS OF ROBOTICS ON WORLD ECONOMY on: September 25, 2020, 07:15:43 AM
Job Creation: Many people fail to realize that robots are creating new, high paying jobs that require skilled workers. While it is true that robots are replacing low skilled workers and automating the tasks that they perform. Robots complement and augment labour, the future will be robots and humans working together
Naturally, even with Robots, the thirst for knowledge and improvement inherent to humans wouldn't be extinguished no matter what. We may be just staying right now at robotic development, but within a few centuries, or maybe just a few decades, a lot of possible things could happen. Interstellar travel could be one.


It also creates low skilled jobs. Mobile phones like apple employs thousands of low skilled laborers (they could be paid better than they currently are, but that's a discussion for another thread). A lot goes into the making of a robot, raw materials development as well as manufacturing, and on a global scale it would create lots of jobs in various sectors.
Isn't that temporary? Currently, the production of robots is more for specialized actions and activities such as what you said, but in the near future manufacturers would employ robots themselves to create and process more materials to create more robots that they can sell/use for other purposes. Robots are indeed opening up new jobs but that would probably be temporary, and more likely that job losses would be more prominent than the amount of jobs robots could provide. Ofc, this isn't necessarily a bad thing, with how the world is proceeding towards an automated world, having humans enjoy life while robots do work is a vision that most would have probably imagined before.

4543  Economy / Gambling discussion / Re: VR online casino games take gambling to the new level 🚀 on: September 25, 2020, 05:54:17 AM
VR is interesting, it's technology that is being developed in past decades, but still many people are unfamiliar with the concept of virtual reality. Gambling and VR is new for many people, and I guess many of us didn't try this yet, to be honest I don't even know where could I try this, and I would have to buy VR equipment... I guess I will try this one day!
Highlighted the parts that would really make VR casino a difficulty at this age. Not to mention that even if they were familiar, a lot of gamblers would probably take a double take if they should buy VR to play in VR casinos or just go to casino instead and spend the money they could've used to buy to possibly win more money in playing. Not that I'm saying all would do that, there are a lot of rich gamblers out there, and buying a VR gear for the sake of a new experience seems quite plausible, but the development of VR isn't at its peak yet. Sure, it may seem interesting at first, but it isn't enough to warrant them to prioritize VR gambling than irl gambling, especially since at their positions, gambling is just a past time as well as a way to socialize with others.

Besides, as I said, they're rich a f and would rather want quality service, VR has some horrid weird-ass controls plus its graphics isn't that all amazing in my perspective, so I'd assume they'd rather go to those big ass casinos that would provide quality service as well as a good environment.
4544  Economy / Gambling discussion / Re: What is good strategy or technique for Toss Coin? on: September 25, 2020, 01:42:06 AM
I hardly doubt there's a good strategy for toin coss, with a chance of 50/50 that pretty much resets for every round, you can only use techniques to actually limit your losses. Most, if not all results of a toin coss are pretty much just based on luck, so if you can keep a straight head, you won't really suffer that much by playing with it for long.

I dont know why you do called martingale isnt a strategy yet its considered one of the most common ways on where people do make use of this technique.It might be common but it do somehow actually works or not
depending on the person been using it.Its just a simple add % of bet on every loss but we know that losing streak can really fuck us up.

The difference on a toss coin is that its impossible for you not to have head or tails on several bets not like when you do play dice online where chances of streak is high.
I havent tried on playing toss coin online but i do remember that theres some website whom do offer this game.

Techniques? Theres no such thing that guaranteed profits or winning but you can at least make out some control or limits which make yourself to be on the green side.
It isn't a strategy mostly due to how the terms are used most likely, it's more suitable to describe it as a technique, instead of a strategy. Though I do agree that it could be considered one, ignoring the definite definitions since the two are mostly used interchangeably after all.

Indeed, there's no guaranteed way to actually profit off of anything, and techniques and strategies are only ways for you to actually avoid being in the read. A good example would be as you said, martingale, which provides you with at least the minimal profit as long as you have enough funds to support it.
4545  Economy / Gambling discussion / Re: Anyone know a dice game that is actually fair? on: September 25, 2020, 12:59:23 AM
I know they all have an edge. I am talking about a game where the stated odds are 49.7% meaning a house edge on of 0.3%. In that environment what are the odds of losing 11 in a row? 17 in a row? or 6 out of 7 bets repeatedly?

I should preface this with that I did have a couple incredible runs on this game in the past. Variance just catching up?
Plain luck, Variance plays no matter in this imo. The moment you think of that, you'd start thinking that luck actually follows a logical path and would then start making logical decisions for it, thinking that it's luck, but it's not. A game may have a 50/50 chance, but losing 20 times or more in a row is completely understandable. A dice game does not increase your chance of winning based on the amounts of loss you've had, it's always a 50/50 chance per round. Thinking that because you've had lost multiple times in a row is because of variance catching up is stupid.

Just don't play in the long run, that always guarantees a loss no matter what due to the casino has a house edge. Other than that, there's not much you can do in terms of actually playing luck-based games. That is if you can negotiate with casinos to decrease your losses so that you have the edge instead of them, though that mostly just happens on physical casinos and mostly famous gamblers are the ones that get introduced to such benefits.
4546  Economy / Gambling discussion / Re: Why do people keep playing unlicensed, illegal slot machines? on: September 25, 2020, 12:23:36 AM
Most possibly because of convenience and well, plain coincidence? Not that I'm being nonchalant about deciding this but as you said, gamblers would've played on casinos through their mobiles or pcs which at least provides that they are possibly fair, as well as proper procedures that you can pretty much make sure are legal. However, for those that are not into gambling, finding a slot machine could provide curiosity, as well as a venue of entertainment while at a convenience store, since as we all know, those places are kind of waiting areas for a lot of meetups (or at least, in my place).

I call it coincidence since not a lot of people intentionally go to that slot machine to play BUT a lot of people do come ot the convenience store. They see the slot machine coincidentally, and some would of course be quite curious and try it out.
4547  Bitcoin / Bitcoin Discussion / Re: Banks Launder $2 Trillion While Claiming BTC Is For Money Laundering? on: September 24, 2020, 06:19:47 AM
Well with the tag of privacy, pseudo-anonymity in the name of Bitcoin, it's rather easy to create an image of a medium mostly being used for criminal activities. Though honestly, with enough influence (or money), anything can be hidden from the public eye, and as long as they don't know, no one would really admonish them no? Ignorance is bliss perfectly suits the masses here tbh. Plus, it's honestly more likely for illegal activities to happen on centralized businesses, which just makes it more likely that something is happening under the table most of the time.

This isn't because Bitcoin is pure and inherently repels criminals from it, it's because it's generally not well adopted, even among criminals. Plus, privacy is far from perfect now, so moving large amounts of money and not getting detected later would be quite hard. But Bitcoin has privacy improvements in its roadmap, so if we imagine that Bitcoin would one day be as popular as banks, than all the criminals will switch to it too. And if Bitcoin will not get more popular, than there's really no point to be happy about banks helping criminals.
Even if we do consider Bitcoin being used instead of fiat, the money originally would come from centralized companies, either through moles or insiders, which honestly still makes the ones at fault the companies by being quite careless. There would still be a window or frame that criminals would use fiat to transfer funds to Bitcoin, so if securities could capitalize on that, and as long as they know that these criminals would go 100% for exchanges or p2p to trade BTC for their stolen fiat, then they can anticipate and intercept, with enough resources used on the investigation that is.
4548  Economy / Gambling discussion / Re: Card counting in black jack on: September 24, 2020, 04:35:12 AM
I think the problem is being over thought - you don't need to have a "perfect" memory.  Why would you want to recall a hand that was delt to you weeks ago?  It has no relevance in the here and now.  What you would need to do is be able to recall patterns first card...  first card, second card... first card, second card, third card ... and so on.

When you're driving for an hour, do you see a car, lorry, bus etc or a distinctive license plate then half an hour later, you vaguely recall that same bus, lorry, car?  I would imagine it's something like that where you only have to recall something a few moments later.
Oh I wasn't pertaining to something like that, what I meant was finding a sort of rhythm when remembering to count the cards, so that it's a lot easier to remember. There's the idea of using the +1 0 -1 strategy in card counting, plus add that to a sort of rhythm that loops in your mind to remind you what cards were in the said categories, which makes card counting a lot easier imo. Apologies if I came out a bit different from what I meant to. It's like a supportive device towards the main core of your strategy in card counting.

4549  Economy / Gambling discussion / Re: Gambling is Addictive...Pay Attention to your Gambling Habit!!! on: September 24, 2020, 02:00:21 AM
That's a clever Idea and you are the only one doing that so far. I see, when you already transferred some BTC to your paper wallet, you will have some hard time getting it back or I may sat it takes a lot of time that would make you stop playing whenever you run out of money in the gambling site without getting some money from that paper wallet. However, If the gambler pursue to play even though he runs out of money from playing and decide to get some BTC in his paper wallet, he may ended up losing everything inside that wallet. You may say this has not happen to you but I was just talking about the tendency that this could be happened if greed cannot be stopped.
But true addictive behavior would find a way to somehow play, even if they have to sell everything they have. Though most addictive behavior stems from "just one more, if only I can win one more I can have the time of my life" mindset, limiting the funds you have may actually just prove to be detrimental, and besides, what's difficulty in face of wanting to do something you really want no? In the end, it comes to changing habits, and yes, I know habits die hard, but other than that, there's really no stopping an addictive action.

Lol, I don't understand why a man who already has a wife and child but still has no self-control in gambling. The man thought enough for his family life and not about the ambitious gambling to take what was lost. If the man can think about the future and life of his family, I'm sure that's enough for him to quit gambling. It's that simple for you to get out of your gambling addiction, and it can be done if you still have common sense.
It's not an unusual story, just that most of such stories actually go untold. Plus, if someone were really an addict, letting himself go free is pretty difficult. It's difficult to stop addiction, a simple example of how difficult it is to find a habit and changing that habit, try it, you'd find it really difficult.
4550  Economy / Gambling discussion / Re: All your entertainment things must have an external limiting feature, agree? on: September 24, 2020, 01:20:18 AM
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Any, and by that I mean ANY type of addiction is always wrong. Too much of something is always detrimental to someone, whether it be physically or mentally or emotionally, and that's a fact imo. Addiction isn't too prevalent in casinos, yes, but casinos don't get banned mostly due to the amount of income they get, and the amount of help it does for the economy. Remember that most famous casinos have bigshots playing on them, playing amounts on tens of thousands, or maybe even hundreds of thousands per play.

Plus, imo, if the best for all were taken into account, they'd put more emphasis on preventing addiction instead of letting it happen even the minority. After all, it's always better to fix the negative than admire (or improve) the already positive factors.
4551  Economy / Gambling discussion / Re: Crypto gambling sites should be careful of bringing eSports in on: September 24, 2020, 12:44:06 AM
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I see your point here, and regulators are quite skewed in judging since they can't really blame the parents now can they? Other than that really I don't think there's any solution to Kids accidentally going into gambling. Regulators should most likely just put a limit into it, or the sites themselves that is, so that even if they gamble, at the very least it won't turn into something worse. To prevent new accounts, you can just link the gambling account to the steam account itself (or the game itself on other platforms).

~
There's a difference between gambling and gambling addiction here. It may be a thin line, yes, but teaching them about that thin line early on could prove to be quite helpful imo. Plus, let's be real here, we gamble ALL the time, not just in games, we do that in everyday decisions, examinations, etc., and making a kid learn about the consequences of something that he leaves on to LUCK should prove to be quite helpful in their upbringing. Teaching someone about gambling doesn't mean you teach him TO gamble, it's ABOUT.
4552  Economy / Gambling discussion / Re: Card counting in black jack on: September 24, 2020, 12:06:42 AM
Do you know such people (who won a lot of money from the casino not just because of luck, but regularly based on their skill)? I would like to know about them in more detail because there are many legends and tales about such masters, but there is very little reliable information, so I doubt that they really exist/existed.
Here's one for you.
https://www.theatlantic.com/magazine/archive/2012/04/the-man-who-broke-atlantic-city/308900/
Didn't really read it thoroughly, but the article doesn't seem to be lying with the fact that he beat those casinos with pure skill since the first casino he visited already had security cams analyzing his every movement to prevent any type of cheating. Card counting may be done in the mind, but it still needs obvious eye movement as well as some kind of pattern or rhythm that may be helpful to you in remembering (imo that is). That, or you can just have a perfect memory, which is almost impossible.

Although it seems like the biggest factor here was removing the edge for the house, and instead, giving it to the player. I've read some other articles, and they've also detailed about them winning on casinos not only based on skill, but also by negotiating with them on discounts and the like, they then start to break the bank of the casinos.
4553  Economy / Gambling discussion / Re: What do think about skill games? on: September 23, 2020, 05:49:12 AM
Yes, that is exactly the reason why skill games are better than traditional gambling games. Thrill and the feeling that you have at least some control are the best part for me. Feeling hopless depending only on luck isn't very exciting and promising for me that is why I prefere skill games.
It's honestly that factor of luck that most people still go back to luck-based games since it's solely based on luck, the fact that they're losing means they also have a chance of winning, unlike in skill-based games where winning is highly reliant on your own skill itself, and luck plays only a minor role in winning. Still, all gamblers have their own preference, and besides, skill-based games on casino still, in one way or another, still have that luck factor, so even if you're pretty bad at it, as long as you have luck by your side, you can still win. It's like how a good hand in poker can still lose to a bad hand depending on the cards on the table.
4554  Economy / Exchanges / Re: Kraken is launching a crypto bank! on: September 23, 2020, 01:32:43 AM
I'm guessing this is nice to whoever regularly uses centralized exchanges since it probably gives off more security as well as more options, but that's about it. I really doubt the disadvantages there normally was disappeared, it's still not you holding your funds, it's still possible for your money to be hacked from them. A plus would probably be there'd be no way for you to get arrested since it's an official exchange now, though of course that just gives them more excuse to ask for personal information.

This part is attractive for people who are lazy and prefer convenient features but don't care about their privacy and anonymity. There are exchanges and marketplaces that allow you to add your bank accounts (for payments, trades, withdrawals) to your crypto exchanges or marketplaces. Unfortunately, I see risks in such convenient feature and I don't use it. If your account is hacked, your bank account information can be exposed with bad guys.
Well that is the cause and reason for the development of banks, or for any type of development after all. To make most movements automated so that humans could have a part of time that they could just enjoy themselves, and not bury themselves under work. There's always a price for convenience, whether it be money, information, or anything since nothing really is free, if you're having the time of your life, someone else is suffering from you enjoying life kind of thing.

4555  Economy / Economics / Re: Enough with BITCOIN SAVE us or the economy on: September 23, 2020, 12:46:03 AM
Truly enough, just like how people blame Bitcoin for the doings of bad people such as scammers and money launderers, asking Bitcoin to save people from every frigging crisis possible on Earth is damn right stupid. Bitcoin is simply a medium, and the most that it could help in case the economy goes bad is to save the value of your money so that recessions wouldn't affect it badly, therefore avoiding a crisis. Other than that? Well, you can use it to buy food or something, but hell, that's its purpose anyway ain't it? As a currency. 

The economy is mainly managed by how the Government manages the market, mainly in terms of employment and the like, while also presenting demand and supply for local products, which boost our local economy.  I don't really see any Bitcoin in there, nor would it actually serve any purpose even if it was added into the mix, other than as a medium used to trade.
4556  Bitcoin / Bitcoin Discussion / Re: When we think that crypto is being used by criminals to move tons of money on: September 23, 2020, 12:09:53 AM
Nothing new here tbh, hell I think most people actually acknowledge this in the bottom of their hearts as a pretty normal occurrence. The only thing I don't really understand is their bias upon Bitcoin, or crypto in general, that whenever they get scammed, someone gets scammed, money laundering happens, they bloody blame Bitcoin like excuse me? They're clearly putting Crypto in a too high of a pedestal, when clearly those who use them are the bad ones. And if compared to Fiat/Banks? Hell, banks have done more than enough criminal activity involved to actually be imprisoned for a few decades, but they aren't' in one now are they.

4557  Economy / Gambling discussion / Re: Sports betting: how much knowledge is too much on: September 22, 2020, 05:55:41 AM
I think there is a difference between applying your skills to making money as a coder or engineer, and trying to do the same as a gambler. Although luck is a factor everywhere, even in coding, the percentages differ big time. Imo, only 1%-2% depends on luck in a normal profession, meaning you might fail in 1 or 2 in a hundred of your works, while in sports betting, it's hard to achieve such rate of success.
I doubt you could consider luck in coding? That is unless you're just fiddling around the codes and somehow managed to make it work, then that is indeed luck but it shouldn't be normally applied since coding requires knowledge and that can't really betray you, or for any other knowledge-based work out there. Sports betting has knowledge used as well, yes, but the difference is you're basically judging others instead of yourself, which makes it a lot more difficult to actually achieve a result. It's like the difference between knowing how to create your own house vs asking someone who knows how to create a house, the former being you know what to do, the latter being you can only leave it up to someone you "THINK" can do it.
4558  Other / Beginners & Help / Re: Evasive URLs in Spam on: September 22, 2020, 04:29:06 AM
Long story short is people should avoid clicking direct links from any place, or at least, open them in a pc that doesn't really contain any personal information to make sure that nothing gets leaked, even if the said links came from your family or friends. Simply look up the links yourselves in search engines, which may take more time, yes, but at least it guarantees safety. I would've said that most wouldn't even click said link since it's full of numbers and letters, but a lot of people out there are either ignorant or just plainly don't care which are honestly odd, so for those who at least don't want their safety compromised, take the necessary steps even if it makes your search take more time.
4559  Economy / Economics / Re: Economic Privileges as Hostage: How it could Push Countries Toward China on: September 22, 2020, 02:05:36 AM
EU is imposing their will to an INDEPENDENT developing country by taking down previously agreed trade agreements. That's just fucked up man. If that isn't coercion and power trip, then I don't know what is. I also see this as a political move.
Based on what I know, they had a prior agreement based on the attributes a trading partner must have, plus, there was already a warning made back then in 2017 about EU removing their GSP rights, so it isn't really that odd that they removed it now after 3 years, seeing as there's no improvement on the attitude of President Duterte. You can see this in the links provided by OP.

This is basically a fight between the humanitarian side (EU) and Duterte with the realistic side, with the former holding the economic privileges of the latter as a hostage, which is, in one way or another, pretty stupid. I can't agree with how Duterte did the Drug war, a lot of casualties were made yes, but you can't' disagree that his actions did indeed help remove drugs from the country.

It seems to be the reason, by the looks of it. Besides, I see no sense of urgency from the administration to withdraw with their bloody fight, or let's say patching up the issue at hand. What's worse is that, they even fanned those flames with this seemingly unyielding-attitude. Might be because, common Filipinos (exporters, and the likes) is the one who would suffer in this event, and perhaps not them.
Duterte would inevitably be damaged by this no matter what, it is the economic privilege of the country his reign is in after all. EU does account for the 4th biggest trading partner the PH has, but as for the numbers I'm not particularly sure. If China would support PH with trading at this point and possibly fill the void, then Duterte can basically skim over this issue and possibly live on with his unyielding attitude regarding the issue.
4560  Economy / Speculation / Re: Are we biased? on: September 22, 2020, 01:34:21 AM
I wouldn't even persuade you. Though we can't deny that BTC being a high-risk asset, or an investment right now is a part of what made it quite famous and a part of what made a lot of people get in on the crypto world, It does hinder it's adoption towards its original goal, as a medium or a currency. Still, it isn't completely to be blamed, especially since Bitcoin in of itself isn't really prepared for such an adoption, and as such, made more sense for people to actually see it as an investment.

You could say that it's actually a development most agree on, since later on at the end of the road, it's volatility would be highly reduced, making it a lot more suitable for adoption, as well as a lot of developments then would fix problems with Bitcoin today (fees, speed, etc.).
We had a mini crisis starting in March but we seemed to have recovered pretty quick. Now imagine that we enter a very deep crisis. A deep and long one.

Do you think BTC will appreciate?

I'm sorry to say that I don't think so. Most people would sell bitcoin, as well as other assets, to obtain liquidity.

I would be glad if someone persuaded me of the opposite, though.
Most would probably sell, but the same could be said for those who are just waiting and would buy the second they see an opportunity. There would always be demand for Bitcoin imo, and recovery may take a long time, as long as there is supply and demand for it, it would naturally retain its position in the long run.
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