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581  Economy / Economics / Re: Inventing a job is better than finding a job on: November 30, 2023, 11:15:47 PM
Inventing a job sounds ridiculous. I'd stick with "creating demand" for a niche that people never knew they needed. With this, you'll know that you're the only one that will be contacted by individuals interested with your product/service because you are the only one offering it. Add to the fact that since whatever you proposed is novel, you might get a lot of partnerships with it or even offered some money to do trainings with it.

Take for example Prompt Engineers for AI. These were never a thing just a few years ago, but the demand for it in the market is high because as a lot of organizations gear towards utilizing AI, they realized that they have to have the right approach for the AI to work according to their specifications. This is where prompt engineers come in. Do you need to be techie or know a lot about AI to be a prompt engineer? Absolutely not. You just have to find the right words in order for the LLM AIs to understand what needs to be done, and ensure that the output is correct.
582  Bitcoin / Bitcoin Discussion / Re: The Joy of forgotten Bitcoin accounts... on: November 30, 2023, 10:32:05 PM
This has happened to me, too, although I would need to go through hoops to get the money.

It was for a local exchange that banned my account because I failed to provide proof of funds within their given time period. It was during the time when Bit-X was still around and I was depositing 0.5 btc in a month - obviously a long time ago. I failed to withdraw 0.09 btc in there and kind of forgotten that it existed because back then, 0.03 btc is negligible, and can be had for a week on signature campaigns. Fast forward 6 years, I received an email from that local exchange inviting me to their VIP Program. I logged in, and lo and behold I still have that 0.09 btc in there, although I obviously can't do something about it due to my account being banned.

I asked the support team on what to do in order to get those funds. They said I would need to provide proof of my funds during the period that those bitcoins were deposited. Unfortunately for me, I closed my account on the bank that I used to transfer funds from the exchange, and it will require a lot of back and forth with the bank to just get my statements. That $3400+ is still in there, and I tried contacting the branch of the bank that I created my account with but stated that they will have to raise my case with their HQ as it has been 4+ years since the account was closed, and that records may be kept in a database that cannot be accessed without the help of an attorney.

Hopefully I get to recover that bitcoins, though with the costs entailing the process, I doubt that it will be worth it.
583  Economy / Gambling discussion / Re: Using AI for betting predictions on: November 30, 2023, 09:47:30 PM
If you train the AI long enough, you will achieve success with it. Though of course, there are some factors and conditions that you need to feed it with especially on live events. The AI needs to be fed with new information in order for it to have a higher success rate. If it doesn't, it's like you're asking a person what investment should they pick without having current knowledge on the trends and price movements of that certain investment vehicle.
584  Economy / Economics / Re: China's real-estate sector is NOT doing well, it might bring whole economy down on: November 29, 2023, 11:59:11 PM
They got a lot of real estate developers on the said country focused only on already dense regions. Also, their workers aren't earning enough, reducing their capacity to purchase homes and properties from these developers. I guess the government will have to bail out their developers in order to keep things afloat and looking good in the mean time, but with a population that doesn't have enough buying power to support the growing supply, I doubt it will last.
585  Economy / Economics / Re: Growth mindset versus fixed mindset on: November 29, 2023, 11:48:53 PM
Growth mindset is hard to achieve. Humans tend to look for comfort and stick with it until something happens. No one really wants to get out of their comfort zones until they are forced by an event or a difficult situation. Rarely have I ever encountered a person who wants to change something and actually do something about it, though it is still possible with the right approach and the right support.

Franky1 mentioned career paths and it is one of the prime examples of this. We tend to specialize in something until it occurs to us that we no longer want it or there are other high-paying jobs that we 'might' get a liking to. Economic conditions force people to change jobs and grow, but if the economy is good and our salaries still fulfill our expenses, I guess no one will have to hop jobs and companies every now and then.
586  Bitcoin / Bitcoin Discussion / Re: Jack Dorsey wants to decentralize Bitcoin mining with new investment on: November 29, 2023, 11:29:26 PM
This will not achieve anything new. This is like trying to reinvent the wheel when it's not necessary. This will not fix any current issues with the incentives the miners are receiving and will just further complicate things. Also, pools are doing just fine with PPLNS, why introduce something that sounds good on paper but in practice it isn't? Thousands of miners helping solve a block for a pool getting direct dust payouts will, in the long term, make it excessively expensive to spend. This will be 'good' initially but watch as those payments pile up and it will create other problems for the miners.
587  Economy / Economics / Re: When the world is evolving, follow the trend. on: November 29, 2023, 10:39:14 PM
Follow the trend, but never abandon the old tech completely until the new tech is laid and implemented 100%.

I used to just carry cash wherever I go. I find it convenient to pay with physical cash and receive change. Cash is accepted everywhere, that's why they say, 'cash is king.' But nowadays, I also use digital wallets to pay for things that I buy. Given that I always carry my phone around, and it's not hard to find a place that doesn't accept such method of payment, it's convenient and fast compared to cash.

Then again, if I only use digital payments and not carry cash, there could be instances wherein I'd be stuck in a place wherein digital payments are not accepted. Public transportation here in the Philippines still don't implement digital payments fully, and it's one of those things that could take advantage of the growing number of digital users. But they couldn't, as most of the operators and drivers of public transportation are old and do not trust digital payments just yet.

It will take time before cryptocurrencies get understood and embraced by economies. The first transition would be digitization of cash, followed by embracing the truth that cryptos are here to stay.
588  Economy / Gambling / Re: Monk.gg - Crypto's Homegrown PvP Casino on: November 29, 2023, 10:31:53 PM
This KYC process must be completed only once. After this, the user can withdraw freely as long as they are not suspected of violating any of our KYC/AML policies. If we suspect any violation, we can subject the user to go through the KYC process again.

This is one of the things that most players hate on crypto casinos because we really don't have any say on how you determine an individual account's violation on KYC/AML policies. I'd like to know how hard this KYC process would be should you deem an account to be in violation of the said policies. Would it be something that requires intricate personal information like financial capabilities etc. that other casinos or gambling platforms enforce?
We would never unjustifiably flag a user for KYC/AML violation - we will always provide proof and give the user the ability to refute the claim. KYC/AML is something that we, as a casino, must take seriously based on the standards set by our licensors and regulators.

The KYC information that would be required is dependent on the case. It can be a simple ID verification or we can request more than that. Regardless, we want to ensure that this process would be swift and easy - we'd never want to hold up users funds and ruin the overall experience the player has on our platform.

The average player that uses our platform should not be worried though, we only stated our KYC/AML stance for complete transparency.
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Thanks for replying, though I'll be completely honest that I'm still not at ease with casinos requesting for additional KYC documents somewhere down the line especially if it's something related to miniscule violations that could have been resolved with a warning instead of immediately asking for additional personal info. Other than that, I hope that you guys don't go down the route of other casinos that trigger the additional KYC requirements due to simple account issues that other casinos unfortunately went.
589  Economy / Gambling discussion / Re: Do you think that this is aperfect analogy of how gambling addiction starts? on: November 29, 2023, 09:54:56 PM
I have come to realize that gambling is remotely fun when you're not winning. You will have to get a lot of wins in order to get the thrill and the dopamine from it. That's why I think a lot of beginner gamblers win - it's for them to get lured and be caught off guard by the system to gamble more and win more. Once that's established, the gambler will then have the choice to decide if gambling is worth it or not. If they only play for entertainment, great. If not, then there will be a problem eventually, for sure.
590  Economy / Gambling discussion / Re: Sometimes betting is just ridiculous. Sometimes it is complete nonsense. on: November 29, 2023, 07:46:13 PM
I was surfing on the Instagram and found this:


(source: https://www.instagram.com/reel/CyzDDHfOU0c/?igshid=ZDE1MWVjZGVmZQ==)

I understand that this is fake and was made for a joke. But some people dont know what jokes should be ended or are inappropriate... However, since some casinos have "special" section in sports betting (why this is in sports betting anyway?), and allow to place bets on election outcome, or on Oscar winner, or on music event like Eurovision, I would not be much surprised that in 5 or 10 years we would really have such absurd betting options. And most important what scares me, that casinos will hide behind "there is a demand on such betting" and there really be people who will find this demanding.

This is downright just not respectful to those stricken by the conflict and those who lost their lives unknowingly. I understand other government-related events like presidential elections or special changes in the government, but this should not even be there on the list. Then again, a lot of people and huge corporations make money irrespective of emotions and conditions of other people, so what you see here is happening, unfortunately.
591  Economy / Economics / Re: Luxury and spending lifestyle fastest way to poverty rich kids on: November 29, 2023, 06:52:23 PM
Key lesson here is to not spend money faster than you make it. Due to capitalism and consumerism, a lot of people tend to overindulge and overspend on things that aren't really a necessity. One good example is coffee. You can make one at home for less than a dollar, but the younger generation tend to buy from huge coffee chains for the aesthetic appeal and to 'belong' to a certain trend. Imagine spending $5 to $10 for a coffee that you will only post on social media but not really drink it. How pathetic is that?

Those who are frugal and only spend when necessary tend to do better long-term, as they can manage to save and invest even with a small paycheck, though the investment part is another topic that can be had for this one.
592  Bitcoin / Bitcoin Discussion / Re: Guys, what's the best Bitcoin wallet for PC these days? on: November 28, 2023, 11:54:07 PM
Electrum wallet still works perfectly fine for most users that just wants to keep the basic functionality of a wallet without having to download the whole blockchain. Your wallet is only as secure as your device, and if you use your device for something that is questionable security-wise, then you are asking for your wallet to be compromised. Better use a device that you don't download a lot of stuff and keep it there. Also, use a strong password for your wallet file, too, for it to not be compromised should someone else get your file through any means.
593  Economy / Gambling discussion / Re: Do not gamble with Loan Money~otherwise you will be in danger like me on: November 28, 2023, 11:25:54 PM
If you feel like you cannot control your finances or your gambling activities, better lay it off and find some other hobbies in the mean time. This will ensure that your attention will not be pulled by gambling and you will be saving yourself a lot of headaches in the future. It's easy to avoid gambling if you aren't too deep in the shit hole, but once you already started it, there's no turning back and you will really have to exert a lot of effort to combat yourself with this kind of activity.

It's an expensive lesson, but a lesson nonetheless that taught you how to not play with fire if you're afraid to get burned.
594  Economy / Trading Discussion / Re: Most Traders are Not Profitable on: November 28, 2023, 10:11:31 PM
I have also noticed this trends. If traders are profitable in what they're doing, why are they allotting a huge amount of time composing a course for trading if they can just use that same time to go 100% on trading instead? That means they are not that profitable, and they have to do other things in order to make money. If I were them and I'm getting a lot of money in trading alone, I'd probably lay off the rest of my time to relaxation or expand my trading ventures even further.

Rich people do not share their secrets to other people that's why they are rich. They don't want to disturb their income stream because that's how they make bread. If a lot of people suddenly goes to their spot and compete for the same resources because they pointed out where the source is, that rich people will eventually notice that it thins out their yield and will probably have to move somewhere else - if that source is really profitable to begin with.
595  Economy / Gambling discussion / Re: Gambling are mainly for rich and lucky mind. on: November 28, 2023, 02:06:46 PM
You don't have to be rich or lucky in order to gamble.

Some people play just because they want to kill time or want to have fun. That's enough of a reason IMO for anyone to gamble. While you may win or lose during your gambling activities, it's a normal outcome that should be expected. You aren't expected to win all of your games in gambling, because if that's the case then casinos should be broke by now.

Also, you don't have to be rich; you just need to be smart on your expenses and make sure that the money you will be using to gamble isn't something that you should use on important things.
596  Bitcoin / Bitcoin Discussion / Re: Will transaction fees affect Bitcoin in the future? on: November 28, 2023, 12:02:57 AM
Fees are affecting bitcoin now in such a way that it hinders most of the transactions in the network when it is overloaded. It will always be a vital part of bitcoin that will continue affecting how we use the said cryptocurrencies. There are tons of proposals on how to manage high transaction fees in the future, and up to now the community is divided on the approach on how to do this. I myself see the benefits on both sides (2nd layer vs change in algorithm), though I haven't come into a conclusion on how to go about it as each also presents some cons alongside the pros.

For now, a second layer seems to be the most viable option, though it kinda undermines miners whom are the primary workers of the chain as they receive less fees that doesn't incentivize them to continue running their machines.
597  Economy / Economics / Re: My economic plan over the decades and our future on: November 27, 2023, 11:29:29 PM
I'm sure that you're not the only one wishing to sell their bitcoins for such a price. It would surely propel your net worth into new heights and possibly giving you enough financial power to make a difference in the future generations. It's a very straightforward plan with a high possibility to happen, knowing how bitcoin's price moves per cycle. Hopefully though, a lot of you young ones will be able to influence those after you to look at cryptocurrencies as a viable long-term investment tool and not just a get-rich-quick scheme that most of them deem it to be.
598  Economy / Gambling discussion / Re: Gambling with crypto because taxation makes no sense? on: November 27, 2023, 10:44:25 PM
Well in a way, gambling with cryptocurrencies kinda put you in a position wherein you are able to avoid taxation since it's still not clearly defined on how governments will tax proceeds in winnings through cryptocurrencies. I agree that it's kind of unfair that gambling winners still need to pay governments their 'share' of the pie due to legal reasons, but the money obviously came from the platform that also has to pay taxes, so it's just a chain reaction that we all are a part of.

Sooner or later, crypto gambling will have a more accurately-defined taxation laws. It's always just a matter of time for new things when it comes to law, and crypto gambling is no exception to that.
599  Economy / Gambling discussion / Re: How Many Bets to Know How Good Enough You Are? on: November 27, 2023, 05:54:28 PM
A consistent win rate (50-55% and up), together with a positive profit is, IMO, a very good indicator of how good you are in sports betting. To get this data, I'd say it's best to track your bets and keep it on a spreadsheet somewhere with formulas auto calculating your win/lose ratio together with your profits. I've done this on the start of the year and so far, I'm at 57.3% win/lose ratio with 103% profit. Just doubled my initial bankroll of $1000 last week and I'm nowhere near as good as other bettors out here that doubles their money in just a few games.
600  Economy / Gambling / Re: Monk.gg - Crypto's Homegrown PvP Casino on: November 27, 2023, 01:16:26 AM
This KYC process must be completed only once. After this, the user can withdraw freely as long as they are not suspected of violating any of our KYC/AML policies. If we suspect any violation, we can subject the user to go through the KYC process again.

This is one of the things that most players hate on crypto casinos because we really don't have any say on how you determine an individual account's violation on KYC/AML policies. I'd like to know how hard this KYC process would be should you deem an account to be in violation of the said policies. Would it be something that requires intricate personal information like financial capabilities etc. that other casinos or gambling platforms enforce?
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