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541  Economy / Gambling discussion / How should Lotteries be categorized? on: December 28, 2023, 11:16:28 PM
Title speaks for itself. I know that Lotteries are a form of gambling since at the end of the day, you're banking on your luck to bag the win and earn huge amounts of money, but compared to our conventional knowledges of how gambling works, Lotteries are quite different, a few of them:

  • The Payout: Rarely would you ever see your money x1000000000 in a casino, but in lottery, that's the entire premise. You put in as low as a dollar on the line, and you have a chance to claim a stake at huge amounts of money.
  • The Luck: Most casino/gambles involve unfair yet doable odds. 40/60 house edges being one of the most common odd disparities in this market. In the world of lotteries however, you get as much as 0.00000001% chance at winning, sometimes even less.
  • The Replayability factor: Casinos set a premise where even if you win today, you'd always get the chance to win again tomorrow, lotteries do not have that liberty, with most people who won the lottery knowing fully-well that they wouldn't have the chance to win again in the future.
  • Access: Casinos are age restricted and are mostly region-based. A casino couldn't cater to anyone beyond their area, but lotteries like powerball are played on a national scale, sometimes even international.

With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.
542  Economy / Gambling discussion / Re: Is gambling all about luck? on: December 28, 2023, 09:13:45 PM
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
Luck's got a role into it, especially if you're playing on luck-based games (surprise, surprise) but at the same time there are skill-based games that capitalize more on your brain power rather than the luck you have, or at least that's what they like you to think. Take for example BlackJack and Poker, of course you have the chances to win with whatever hand you're dealt with. But at the same time, your luck's got a hold of what initial hand conditions you will get. Which in turn determines how harder the game will be for you, and sure, while it doesn't necessarily guarantee a win or lose, it still has a play on the situation that you will be in for the rest of the game.

Against a gambling site/casino, I would say luck would really have a hold of how you're going to win or lose, or even if you'll win at all. We have the edge bonus, the fact that casinos can rig their machines legally without you knowing about it, and many other factors/parameters that are all based on chance/luck.

So yeah, gambling's all about luck if you're shooting to win, if you're not looking forward to bagging as much victories and chips then gambling's going to be fun for you, otherwise it's just going to be very stressful and you'll find yourself becoming quite spiteful about it too.
543  Economy / Gambling discussion / Re: Is there any fun in losing while gambling on: December 28, 2023, 08:38:24 PM
Over the time, I’ve seen several post, by users here who, claim that gambling is strictly for fun, even when one is making losses and I’ve paused to ask this question “Is there actually any fun in gambling especially when the losses are more than the winnings?”
Let’s be frank, there are several other things one can do for fun aside gambling and I understand that life it’s own is a risk but seeing claims that people see gambling as fun even when making losses is weird and I think it’s worth discussion as to know if truly people gamble strictly for fun without minding if they’re losing or winning
It is not fun indeed. There's no real fun in losing. but the thing is that you can make the time you spent gambling worthwhile in other ways without making the loss part of your session/journey the highlight of that session. You can try gambling with friends, actually I would recommend it since it keeps the steam off the pot and you're with people that you definitely enjoy the company of, you could share victories, share the losses as well, and they can look after you when they feel like you're already on the verge of becoming too invested in the game and vice versa.

Gambling isn't any fun when you lose let's be real here, but there are ways you can employ to make it as if it's still as entertaining as if you're always winning. A little mind manipulation on your own psyche could go a long way and could even help you keep yourself from being addicted to gambling for one, among other benefits. Dwelling on the losses isn't going to turn them into wins, the best you can do in that situation is really just accept and hope that things get better the next time you gamble, or take a breather and perhaps touch grass if the losses is taking a toll on you already that you just can't shake it with a couple deep breaths. It's on you if you wanna make sure you're not aggravated by the losses, cause they will keep coming as long as you're gambling and you have no chance to stop them.
544  Economy / Gambling discussion / Re: Does casino streamers have influence in your gambling life? on: December 28, 2023, 07:29:18 PM
I came across on YouTube where a gambling casino social influencer was streaming about a casinos platform.
He literally brought out his phone and was illustrating to the audiences that it is just few steps to take the winning on your games which is making choice of your predictions, choose amount to bet and also indicate his hashtag referral code and click on confirm.
Immediately you get credited directly to your account that just you won.
I just smiled but I want to ask, how many of you guys develops interests on a particular casino platform due to the influence of the casinos streamers?
I was once influenced by a YouTuber as well, but not like the way you portray "being influenced" by a gambling influencer is. The thing is that I've been a massive League of Legends fan since god knows how long, and one of my most watched streamers from back then is Yassuo, which is a great player for that matter that I tried to emulate the playstyle of numerous times in the past with much success. Thing is, during the stretch of the Pandemic and the lockdown season, as well as during the times he got so bored of the game that he literally explored other games, I was influenced as well to gamble when he was going ham in Poker. He played online poker with real bets against real players so a part of me hoped that we could play against each other or some shit like that (I know, it's weird lol) but yeah I wanted to get acquainted with him so much that I had to spend money just to get in touch with him.

In retrospect I shouldn't have done that, it's stupid and very narrow-sighted, plus the guy needed help as he is also visibly drained and depressed during those times and saw gambling as a way to escape the stressful situation he is in back then.
545  Economy / Gambling discussion / Re: It is you who can't stop betting. on: December 28, 2023, 07:06:58 PM
Happy Christmas to all gamblers. I have been reading some threads and comments that many people have been saying that they find it very difficult to stop gambling (not only gambling addicts), but on one hand, I really think that it is not hard to quit gambling even when you are winning and not winning, but it is you who can't control yourself. Bets can not force one to stake, but a gambler can force themselves to stake a bet, even when he or she does not have money to bet. Some gamblers did not learn how to gamble. They just see themselves doing it, but they can't stop it. Why because they can't control themselves, even when they are not an addicted gambler?
What do we have to say about this?
I mean in practice there is really nothing that's stopping you from quitting when you're already losing or winning. But somehow it's easier said than done when you haven't been put in the position of losing a lot of money with no real way to return. I felt that form of desperation before, the thing is that this drives gamblers to go to such lengths that you'd otherwise think they are already sick in the head or something. And that's why in some way, I sympathize with those who aren't able to stop betting even after losing stupendous amounts of money. I don't say it's right, I'm saying there's a method to their madness.

In most cases you wouldn't really be able to quit cold turkey, but if in any case you couldn't, I say the best way for you to quit is to let your whole bankroll be zeroed, and move on from there. This gives you a full stop that you can't ignore, and even if the itch of getting your money back comes around, as long as you have people around you who support you this wouldn't really stress you so much as you think it would. It happened to me before. The thing is that you'd fare better against gambling addiction if you have people around you that you can depend upon. People who can distract you from the thoughts that are going on in your head and the urges you get every now and again to gamble.
546  Economy / Gambling discussion / Re: License: is it a guarantee? on: December 27, 2023, 11:43:14 PM
Way back then, yeah. Gambling licenses held their weight in gold and people certainly had trust in infrastructures and casinos with licenses. Eventually the need of people to gamble overtook their sense of security, and the majority of gamblers in the modern age decided they'd just gamble with whatever casino they happen upon and hope that they don't get scammed when they play there. Of course there are consequences, but when they find out that casinos with licenses do not differ that much against those who don't. They stopped looking for it entirely.

Of course license providers are shaken by this revelation, and since they are a business, they made it a point to make it seem as if getting licenses are still a prestige, but at the same time something that even your local bet shop could earn. From there, we get casinos from god knows where advertising that they get a Curacao license, or whichever they have the guts to show for, while some fraudulent ones fake their licenses to fool people into thinking they are reputable. All in all the lowered standards for claiming a license in the gambling industry caused a massive shift where people aren't so keen to look for it anymore, and even if you do, unless you're working with a tried and tested casino, you still have a chance of happening upon a fraudulent license that would get you fucked over for you money.
547  Economy / Gambling discussion / Re: Gambling for fun, is it a lie that we tell ourselves? on: December 27, 2023, 11:06:03 PM
I know for sure that if we take periodic account of how many times that we gamble, maybe weekly, monthly or yearly, we'll find out that the loses are far greater than the winnings, so I sometimes wonder how we can be indulging in something that we lose far more than we gain, in the name of having fun. I know that it's human nature to want to conquer, defeat, control and be the leader, yet we go into gambling knowing that the system doesn't give us a fair advantage of achieving these aims, yet we're happy to go back and likely be defeated again.

Perhaps deep down in our conscience, somewhere that we don't like to listen to, it still tells us the truth that the reason why we're going to gamble is to hopefully win money, not really to have fun.

I know that it's said that you should gamble the amount that you can afford to loose, but will you call it a true fun when you know that there's a higher probability of losing your bet?
It only becomes a lie when you believe it is a lie. Does it make sense? The thing is that there is fun to be had when you're gambling, it's not what other people make it to be which is "nothing but a way for me to make money on the side hurr durr" at the end of the day you know that you're not gonna end up with the same amount of money that you came in with, and if you're going to lose the money anyway, might as well make it fun and enjoyable. Which is what most of us responsible gamblers are shooting for. It only becomes weird and stupid when you suddenly assume that no one can't gamble for fun cause even you had to be stressed when you lose money. Which is true to some degree, but at the end of the day responsible gamblers have stuff at their disposal that they can use to make the most out of their gambling journey, even when they are losing money.

Plus the thing is that the common misconception about gambling is you only have fun when you win, but if you gamble with friends, you gamble when you know how much money you can put in, or perhaps just gambling to show off your skills at a certain game you inadvertently make gambling fun for you and for everyone that's around you, and that is why for some people, they can find entertainment and fun in gambling even when they lose money. It's about making the most out of your money, one way or another.
548  Economy / Gambling discussion / Re: Innovation in online gambling on: December 27, 2023, 10:34:08 PM
I would like to make this topic to discuss innovations in online gambling.
Crypto gambling has brought on a lot of innovation in the scene, however some might say that in the last few years online casinos have been sticking with tried and tested strategies, not really introducing that many new games or innovations to existing ones.

So what has been your experiences with gambling recently? Have you seen any games that impressed you?
For me personally I really liked the provably fair blackjack at Stake. I wish there would be more single player card games that are also provably fair.
Honestly, not a lot of innovation in the world of online gambling as it is. And I think it's because of this "if it's not broken don't fix" approach at things. Which is why we see the same User Interface, the same animations, the same approach at handling bets and whatnot. I think it's good for its reasons but at the same time the consumer base has been aching for a new way to gamble, or at least a new thing to look at when they gamble. This is also why people gamble on different casinos nowadays compared to actually sticking to one.

But the thing is that, this is still a little minor compared to something that I actually wanna see a lot of the current gambling giants besides stake (cause they already hit this across the park) do with their site. That is to add a customer service help interface where customers who have issues and complaints about the site/their experience gambling could send their grievances for a quicker way to get responses/compensations for their troubles. The biggest painpoint nowadays of the modern online gambler is the lack of such help desk, and if we are able to integrate this in major online casinos the trend will trickle down to the small-time casinos which will then ensure that every customer is heard and answered.
549  Economy / Gambling discussion / Re: Should mentally unstable people be allowed to gamble? on: December 27, 2023, 10:14:48 PM
Recently I was around a physical bet shop close to my area and I observed a man who was shabbily dressed walking in the gambling house. I got into the place to observe what his intentions were. He walked straight to the gaming attendant, placed his bets in a highly coordinated manner and quietly walked out of the physical gambling house. From the way he was well organized, you will never know that he was mentally unsound apart from his dirty clothes and unkept hair and beard.

When I inquired from the attendant, she said he was a regular customer and that he usually raised money for gambling through the manual jobs he does around the area. She also told me that he has never misbehaved and acted violently in the gambling house so she was comfortable with him.

My question now is are there any moral, ethical or legal obligation to bar a person from gambling after physically observing that he is mentally unstable?
Should people with violent tendencies be allowed near children, near firearms, or knives?

That's basically what you're asking. Of course there's no law that prohibits people like these from ever getting their hands on such weapons and personal effects, and so do people with mental health problems and gambling, but I think you know where I'm heading with this. People with mental health problems who decide to gamble will only cause themselves even more problems in the future. Which then leads to them getting addicted, which becomes a separate yet real problem on its own, becoming way harder for the person to deal with himself and his problems as time passes by.

When you give someone who can't take a break another way for them to exert their escapist's tendencies, they get addicted to it and they end up becoming problematic. Whereas if you give them the actual help that they need they get to become better and more acceptable versions of themselves.

There's no legal obligation for us to stop someone who's already mentally unstable to gamble his life away. But I think as humans we should be ethically and morally responsible for the welfare of one another, and we should act accordingly if we ever get into the same situation as OP has been.
550  Economy / Gambling discussion / Re: Should security be employed in local bet shop? on: December 26, 2023, 11:02:08 PM
For those persons who prefer gambling in local bet shops instead of gambling online. I know that most times some persons carry huge sums of money to come to gamble and I understand that if it was a local casino there would be securities. Now, in the local bet shop, why are there no securities? I know a local bet shop close to where I reside. There are no securities there and there are people who act strange and mentally unstable there. They could cause fights, noise, and cheat. So for other persons to feel safe betting there I think securities should be employed there.
It just doesn't make sense if you're asking me. The reason why larger casinos employ security systems/guards is because they deal not only with the locals but those who traveled from far off places to gamble in their facilities. In that regard since they don't have a profile of who those people are they need to be protected from other people, and other people needs to be protected from these guys. So they employ on the round security personnel that look into every movement and every moment within the casino.

Local bet shops who dabble with fewer than a hundred customers do not need this amenity as they are mostly only dealing with patrons and locals who they already know so much about. And if in any case they act belligerently they could just go ahead and call the police, or take matters into their own hands and control the situation using whatever method they have available cause I assure you most of these local bet shops may not have the capability to hire a security guard but they have the money to buy a gun for their protection.
551  Economy / Gambling discussion / Re: Tips to avoid compulsive thoughts related to anxiety on: December 26, 2023, 10:34:07 PM
Having problematic behaviors related to gambling, such as chasing profits, thinking you can best the house, that your luck will turn etc. has a lot to do with anxiety. In many countries there are readily available resources and public infrastructure though which people can seek and receive assistance for issues like addictions. But the sad truth is that many countries also lack the resources to provide such services to their local population.

So it's important to emphasize that while resources for self help can be good, they can also do more harm than good in certain occasions, so it's good to remind everyone that if available, the best option is to always work with professionals.

Now with that out of the way, I feel like it's important to recognize that anxiety contributed negatively to his one might approach gambling. First step with dealing with anxiety is to recognize it. https://www.mayoclinic.org/diseases-conditions/anxiety/symptoms-causes/syc-20350961

The way to deal with related thoughts when they emerge is to have a mental response that is full of logical arguments each time these feelings come up. Think of why anxiety isn't a reasonable feeling, think of your schedule, why it's not worth to gamble again etc. These can depend on each person's circumstances.

Personally I felt a lot better finding and reading a cognitive behavioral therapy book in my local library. I made prints of the most important pages and kept them with me for a while. Dealing with anxiety and keeping it managed can help with many aspects of life actually. Always best to combine written cognitive therapy resources with visits to s licensed professional if you can though. But even reading a CBT book alone can provide some helpful advice to dealing with anxiety.

Now when it comes to realizing that you are affected by physical symptoms of stress, there are also some exercises for that. You can look up breathing techniques, and see if these help you. Even the simplest form of breathing in from the nose and exhaling deeply and slowly while sitting down can be very helpful for some.

Feel free to share any tips if you have them.  Cool
One thing that severely help me with coping from anxiety and depression (which I already had before I even stepped into the gambling world mind you) is being very vocal about it to those who are willing to hear you. There's a massive benefit to letting yourself be heard and letting the people who care about you know that you're in that particular situation, as 9 times out of 10 you're gonna get the help you need this way. Plus the other thing you should really look into is giving yourself the fighting chance. The thing is depression is real and dangerous, but if you let it take over your life, no amount of medicines nor meditation and therapy's gonna get you out of that hole. Lift yourself up on your feet and recognize that this problem is nothing more than a figment of your mind based on the circumstances that you've been in the past, and giving yourself the chance to fight back and look for options to better yourself besides the conventional means is what you should do.

Lastly, don't gamble when you're happy, don't gamble when you're angry or sad. Gamble only when you feel like gambling. The thing is that if you consistently gamble when you're feeling a certain type of way, you'd start correlating your gambling habits with that particular feeling. You'd start to think that gambling is what makes you happy, or that gambling is the only thing that's there for you when you're sad. Don't gamble when you're full of emotions. Gamble only when you really feel the desire to.
552  Economy / Economics / Re: Will they ever be able to afford a house? on: December 25, 2023, 04:40:49 PM
Well i’d say this pretty much sums up the average gen z and x person but this is in typical fashion of course not all people are gonna live their life like this due to many factors in life such as the state of their life even before they enter the work age
Exactly. I think the thing is that those Gen Zs who are able to make the most of their lives right now are reaping the benefits of Gen Xs and Gen Ys who are able to pay it forward. What do I mean by this? Well, since life was simpler back then and you could easily earn money, a lot of our grandpas and grandmas would've saved enough money good for 2 generations, if they weren't able to then I don't think that's on you anymore but I digress.

In that sense you're reaping what they sowed during their generation, tons of money and easier life but soon as you step out of their guidance and their care you'd come to realize just how fucked the lives of Gen Zs are right now. Houses are inflated in price with some of them unoccupied for years cause instead of giving those with less capabilities the chance to buy them off the bank, Millenials and Boomers are buying them off to rent them out as AirBnbs, which is fucked. Not to mention how hard it is to land a job compared to years ago, and how profitable a job is back then compared to now. I swear to god our grandmas and grandpas are able to live their life well on a minimum wage earner's salary, but if we do that today we'd die off malnutrition cause your regular 9-5's not gonna cut it.

So, are we going to be able to buy a House? If we're talking about the conventional means then no, we'd die off paying our debts.
553  Economy / Gambling discussion / Re: Lack of proper knowledge on casino games increases chance of loss and reduce fun on: December 25, 2023, 04:17:28 PM
I played Roulette on a casino three days ago and it was obviously my first-time playing Roulette, I literally didn't understand my way out and I just knew I should select a number and click on spin. I did that obediently and time after time, I lost. I was really motivating myself with the next spin, and next and next, but all to no avail, I was lost in the ride until I drained my deposit for the day's gambling, that time It dawned on me that my Ignorance has contributed to my parallel losses for the day, I just logged out and ended that day's session disappointed.

Yesterday, I was discussing with my friend on my experience, and it was more obvious that my Ignorance played a major role in my bitter experience days before. It was after I was whipped badly that I went back and saw the demo option which I should've used to learn before I engaged. Also, I wish to advise all new gamblers to visit demo space in the casinos where you can learn before you start playing with real money cos I think it will help people master the games before engaging to have more fun, because not only did I lose money that day, but honestly, I didn't have any fun.

I would like to ask if some people here has experienced this too and what is the possibility that most people who experience repeated losses are Ignorant of the game play patterns.
The outcome wouldn't have been different if you know what the game brings you but at the same time, there's perks to knowing what the game's mechanics are compared to going in without a sliver of idea how to win and how to lose.

At least when you play with an idea of how to play the game, you get those moments where you realize you could've won, you could've lost, those 'almost a win' moments that really gets you going, instead of wondering why you lost everytime the banker takes your bet off the table. Plus you know when to quit or when to keep going for that matter too. I myself play games I don't know shit about sometimes, but it takes the fun away as you have said cause even when I win, I don't even know on which grounds. When I lose I don't get to have fun cause I don't know why I lost and most of the time I just quit right there and then and take my business to another game that I'm more familiar with. I don't know if that's just me.
554  Economy / Trading Discussion / Re: Trading is hard!!! on: December 25, 2023, 03:46:57 PM
The only person that can picture trading as a Ponzi or get rich quick scheme is someone who doesn't have a proper knowledge about cryptocurrency. Out there, a good number of people do not have concrete knowledge about Bitcoin, crypto, not even trading, they probably heard some misinformation from another inexperienced users and therefore get convinced by the small information they have got from that person. Trading is not very easy even from the start to when you become more experienced, although it also depends on the kind of trader the person is, some persons are leveraging while some are only spot traders and based on my own experience, spot trading is less of a risk compared to leveraging.
Or trading for that matter. People will generally condemn before investigate on what they can't understand. And to that regard we have people who, as you've said, hate on trading and cryptocurrency, saying that it's nothing but a get-rich-quick scheme.

To tell you the truth in all your lifetimes the average trader will only ever have a breakeven score if we tally up all his trading positions. That isn't to say that you're going to be the same way but that just means you can't be calling anything a ponzi scheme if in general you just earn what you lost over time. Not to mention the fact that it takes months and sometimes even years of knowledge gathering and education for you to become an effective trader. That alone disrupts the notion that trading is a get-rich quick scheme.

I feel like the only people who would spread shit like these are those who tried to trade on crypto, lost their first trade, and stayed bitter about it up till now. They thought that bitcoin/crypto trading would give them the big break they need cause they heard and saw the news of bitcoin reaching insurmountable heights, and when they tried to take a piece of the pie their hands got slapped by reality. Truly pathetic people.
555  Bitcoin / Bitcoin Discussion / Re: WHY PEOPLE ARE NOT TAKING THEIR PRIVACY SERIOUSLY. on: December 24, 2023, 11:51:04 PM
[the all caps is just to get attention, this is not a rant.]

In case you missed the news, Ocean Mining ran by Jack Dorsey, luke-jr, Giacommo Zummo and some other folks are refusing to mine Samourai whirlpool transactions. But this thread is not about that. This thread is about this tweet:



Why do people think that coordinators, mixers, coinjoin software, etc.  have something to hide?

Would you sow anyone your bank account transactions just because they want to see? Is it any of their business?

People are not taking their blockchain privacy seriously enough. It wasn't too long ago that FTX users' financials were exposed in a hack!

(And follow me on X/Twitter Tongue)
I think it's less about the fact that they don't care about their privacy, after all for a regular bloke who wouldn't go out of their own way to create numerous transactions in a day, the current system that the cryptocurrency world is built in is already safe and secure as it is. And as I said, it's less about the lack of care for safety and privacy, and more about the fact that these platforms you mentioned are not only being used for privacy, but to also wash dirty money and obscure hackers and scammers. At the end of the day to the government every sliver of risk is more than enough indication that something deserves to be investigated and if in any case found to be perpetrating such acts, be banned from being used.

It's just the way things go in the land of the free home of the whopper, and some other countries that affiliate themselves with Murica. We got no choice but to really deal with it at this point and in bitcointalk's case, relinquish any affiliation with such platforms to save this site from getting the brunt of the blow as well.
556  Bitcoin / Bitcoin Discussion / Re: Not a fan of Inscriptions? Perhaps you should run Bitcoin Core v 20.2 like I do. on: December 24, 2023, 11:19:48 PM
Are you a fan of censoring the blockchain?  Use pro-censorship node software!

There I fixed it for you.  This seems like a pretty slippery slope though.  How long before more transactions you don't like are added to the exclusion list?  When your coins are excluded from being transacted on the blockchain or your address is blacklisted, will you then think this is a bad idea?  I'm just wondering if you think letting this cat out of the bag won't result in it biting you at some point.  Personally, I think that letting certain transactions take advantage of the blockchain while censoring others that use the same method to accomplish a different goal is against what Bitcoin stands for.
honestly not a stretch. Eventually if people are this eager to use pro-censorship software we're going to have people literally blocking other addresses from sending or receiving them money, which in itself has its perks as we can blacklist addresses from suspected hackers and scammers, but at the same time especially with how fast cancelation in the internet works before figuring shit out it might end up just as you said, people just blacklisting other people from sending money. It also poses security and identity risks cause in some way you gotta know the person from a certain level to know for sure that they are the ones you want to blacklist.

I think the solution towards ordinals do not lie upon the users or the people in the blockchain. The developers should do something about it besides banning it cause honestly in the future another project will just come out to entice the people again with the concept of "______ but in bitcoin" just as what ordinals did. If that happens are they just going to ban every project like so?
557  Economy / Economics / Re: Why the us dollar might crash significantly on: December 24, 2023, 10:48:02 PM
As joe Biden administration is planning to sieze the Russian central bank asset worth 300B us dollar to fund the war in Ukraine, it may sound logical but it is a move that will not only distabilize the world financial system, but it will also make almost all none western countries around the world to shift away from the dollar, euros currencies as foreign reserves, because no body will see such an event taking place and not taking actions to preserve it asset.
This to me is a very wrong move that will kill the trust that existed between the west and global south.
Major countries around the world will definitely interpret it this way, today it's Russia, tomorrow it will be us, and that action will crash the value of dollar and euros around the world.
https://www.businessinsider.com/us-eyes-using-300-russia-frozen-assets-help-ukraine-backfire-2023-12
it is bound to crash significantly from the get-go. The only thing that's really stopping it from now are a few planks plastered across the door so the pandemonium couldn't come in, but since these are nothing but band-aid solutions its bound to break or lose its effectivity soon, and when it does the US dollar's gonna fall along with all the currencies and assets/enterprises that built their foundations around it. No amount of Russian War's gonna stop nor hasten the effect of this cascade as it's gonna run it's course no matter what, so while your inference is correct I couldn't for the life of me agree with the reasons why you came up with the same prediction.

The debt ceiling is already increased and next year, they will have to increase it again or else they are going to be in deep financial trouble. They couldn't possibly pay off all their loans now since the US is not resource-rich, nor could they outsource their workers, plus most of their debts came from the stupid wars they waged against other countries so I doubt people are just gonna let them slide that easily. We truly are in the dark times now so it seems.
558  Economy / Gambling discussion / Re: Between Physical and Online Gambling which makes a person more addicted on: December 24, 2023, 10:21:44 PM
Physical Gambling for sure. Here's why:

Online Casinos are enticing sure, but most of them offer nothing but visual appeal as well as the perks that they give out to their users (free spins, etc.) that eventually run out or expires. So when these amenities go away, I think I speak for everyone when I say we get this sudden realization that we should be doing even more important things than sinking hours into an online casino. On the other hand, this doesn't happen in a brick-and-mortal gambling institution. First off, you're enclosed in a secure space where it's just as hard to get in as it is to get out. They offer stuff like free drinks, free hotel stays, or whatever to some customers they deem are bleeders to make them stay even more within the casino. Lights are so bright so as to make sure you don't fall asleep or to disrupt your sense of time, and as far as I can remember the perks that they offer to their customers, new and existing, do not go away. So in the grander scheme of things Physical Casinos have a better capability to lure and secure customers for longer than online casinos, which apart from those things got its convenience feature as the only things that really set it apart from their physical counterparts.
559  Bitcoin / Bitcoin Discussion / Re: Guys, what's the best Bitcoin wallet for PC these days? on: December 24, 2023, 12:11:11 AM
Electrum wallet seems to still be the best choice for me I've used Electrum for as long as I know and I haven't had any issues with it so far. Experienced multiple transfers from different hardwares as I tend to upgrade frequently and I still have yet to experience any problem so far. It's also quite the feature-packed wallet as it has everything you need as a wallet user. If you're using a hot wallet on the other hand, try using trustwallet cause it's just as secure (at least for me) and you can access it through your phone at the same time so you can get to those fast-paced transactions which you might need every now and again, just be wary of your password and seed phrase as it's still as vulnerable as anything that can be hacked.

With Antiviruses, I wouldn't bother using anything else other than microsoft defender. I don't trust these aftermarket antiviruses enough to allow them to be downloaded on the same PC where my coins are downloaded. Plus nine times out of ten every other thing you need from an antivirus is readily available with microsoft defender, and these aftermarket antiviruses are just nothing but bloatware to your PC which may sometimes even slow it down.
560  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is the #1 crypto currency in the world if it's slow and expensive? on: December 23, 2023, 11:15:49 PM
Yes, it's the first coin ever created, but it's slow and expensive (unless you're using the lightning network which most people and businesses don't).

How come Ripple which is the cheapest and one of the fastest ones - failed investors since 2018 and never reached back to the all time high of $3ish and those who believed in Ripple got 0 yields and a slap in the face, and yet this slow & expensive currency is the holy grail everyone is talking about?

There's perks to being the first and most trusted cryptocurrency in the market. That's pretty much what bitcoin has mostly going for itself nowadays. At the same time, Ripple's not without its flaws as well, so between bitcoin and ripple, the latter doesn't sound so appealing anymore considering that it's not as valuable, and at the same time comes with its own sets of flaws and allegations that it has yet to fix. Bitcoin on the other hand is already established, with its growing userbase, people who held their coins from 2008 and have yet to sell being basically the foundation of the industry. And not to mention a more trustworthy system than Ripple when it comes to sending money across large distances.

Ripple's not as decentralized as bitcoin too, which is something that a lot of people in the crypto world makes a big deal out of nowadays, and since it's not decentralized it doesn't look as appealing to people compared to bitcoin. Perhaps next time, use a different coin to compare bitcoin against cause in all honesty, Ripple couldn't hold a candle against bitcoin.
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