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901  Economy / Gambling / Re: Exploring the Math Behind Crash on: August 15, 2023, 09:27:55 PM
For my fellow math nerds,

I have found a very useful video which explains the mathematics and probabilities behind the game Crash and why beating the game with a low multiplier strategy in the long term is almost impossible. Anyone who has played on the Roobet Cryptocurrency Casino should know about it since their code is open source, which is available to everyone but you would need to understand the code itself to make any sense of how it works.

However, there is a youtube video which explains it from a simple mathematical standpoint, so even if you do not have the necessary coding knowledge, it is still easy to understand.

What you have ultimately got to understand is, that all these games are run by companies that are not charities. They do not exist to give money away and the fact that they can survive for years should highlight to you that they likely make a lot of money. On top of all the staff they're paying, the servers they host, the advertising that brings in more customers and all the required security to fight off people trying to take them down every day for blackmail - they're even slicing a profit on that. If, somebody was able to calculate a way to defeat these crash games, the casinos running them will adapt very quickly and it will leave you back at square one - being susceptible to the random number generator gods.
902  Economy / Economics / Re: How to developed your capital on: August 15, 2023, 09:21:23 PM
I took time to research and observed that 75% of youths their problem is inability to develop their capital in capital market, most at times we are bless with so much that one find it difficult to control your finances or resources. I notice it usually affects people do not work hard to earn but probably the gimics or scams that makes them to make this money easily but after a while you discovered the person down why?

Now we should try this simple steps in developing capital either in savings, capital market or investment it's all same principle....
1. Don't spend more than you earn it kills capital through lack of wisdom
2. Development an attitude of reserving "spend and save in quote"
3. Read books on financial market and its products
4. Learn to engaged in investment
5. Be curious about things and ask a lot of questions
6. Don't underrated any money with you, no matter how small it is...its always have value towards something
7. Admire other people success and think where you're going too.
8. Save, invest and take good care of your health.
 
I hope this is helpful?

One of the biggest factors is, after you've read all those financial books and insights, actually putting that knowledge into practice. Nobody becomes an expert overnight, the people that are making big money now are those who took risks and made mistakes along the way. Often the best way to learn how to master something is by having failures, then gradually learning what parts to tweak so you hopefully have less in future and more winners. You also need to take the right strategy, which is often trending towards long term investment these days and not trying to search out short term gains which are much higher risk. Avoid leverage as well because it can be disastrous when it goes wrong.
903  Economy / Gambling discussion / Re: Irresponsible behavior at the Las Vegas Casino on: August 15, 2023, 09:17:11 PM
A man run naked in a Las Vegas casino (Linq Casino) and jumped on the poker table and started to dance. He was arrested instantly by the security, however his family says that he was drunk and therefore he did such type of act.

More details can be read here Naked Gyrating Guy Arrested at Harrah’s Las Vegas Was Drugged, Family Claims

The point here is why gamblers do such shameless acts and what the rules of the casino suggest the penality for these acts. Do you think the gambler did it purposefully perhaps to become popular in the headlines  Huh

This is probably one of the tamer things that can happen in a casino, I'd prefer this than seeing the rage or anguish that some players end up facing after losing massive amounts of money. Most of these casinos have on premises police officers, so are able to deal with such situations pretty quickly and when you consider that they are bristling with surveillance cameras that cover every square inch, it won't carry on for long. It's definitely possible that he was drugged as well, as all sorts of people are mingling and a lot of cash is moving around in these places with people trying to take advantage. Don't be too harsh on the guy, because a bit of nudity in an adult only locations is only going to offend the eyes for a short time.
904  Economy / Economics / Re: Russian ruble is scam on: August 14, 2023, 09:10:33 PM
Over the past 123 years, the Russian ruble has defaulted three times. What is the probability of a fourth default?

It looks like things have really spiced up over the last few days with the Rouble on a new downward tumble. It appears the Russian government has expended most of it's reserves that it used to prop up the currency so far and now complete faith is being lost. A lot of people will be betting against the rouble to fall even further now and that becomes a self fulfilling prophecy when the market is that unsettled. It's not even a surprise that it has taken so long to reach this precipice, because Putin was willing to waste his whole war chest and now with the economy in tatters, along with spending huge amounts on the war effort, it is going to crumble. Instead of selling their precious oil to the richest nations on the planet, it's being sold to India and China for pennies instead. He is one of the dumbest "leaders" of modern times.
905  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: August 14, 2023, 08:36:38 PM
This is just the basics, but anyone should be aware of it:

Budget: set it BEFORE you start gambling and stick to it.
Have a break from time to time, it is important to let your brain stop and consider.
Avoid drugs / drink as much as possible, they will make you loose some control innevitably.
Seek help if you feel you are no longer in control. Make a phone call to a friend or go out and speak with someone.

Anything else anyone can think of? Like... read this post before gambling? Tongue

I guess it's good if you can help just one person, but in reality the people who are reading this advice likely already know it and the people who are not reading it are not interesting in seeking it out either. Most gamblers know the basics when it comes to trying to set a budget, but their habit tends to overrule any strict limits that they might have set for themselves. It is important to mention drink and drugs, because that can often lower your inhibitions and take you down a wasteful path when you're throwing lots of money into a casino. When you're talking about physical casinos, just to emphasize the point about how it loosens your wallet up, they'll often give away free drinks to players because they make so much back on the tables.
906  Economy / Economics / Re: New Research found Work from home workers to be less productive on: August 14, 2023, 08:17:51 PM
Quote
A study published by the American private nonprofit research organization the National Bureau of Economic Research found that the productivity of workers randomly assigned to work from home was 18% lower than that of those in the office.
https://africa.businessinsider.com/careers/new-research-finds-that-fully-remote-workers-are-less-productive-than-their-in-office/4vxn4sy
These researchers found that if you work from home you will be less efficient and productive than people who from their office. Can we say the same about freelance workers?  Do you think that if workers are given the chance to "own" a task like freelancers they'll be more productive because it is just like being self-employed where you treat it as your business and not with the mindset of another man's business?

I actually see it all the time, it can be hard to focus at home with so many distractions or a person can even feel guilty because they are unable to manage their time, so it ends up overspilling into all sorts of crazy unproductive hours. I don't want to see someone working from 8am to 8pm with a whole bunch of gaps in between if I'm their manager, because that must end up crushing them slowly and very few people can work to these sort of boundaries. There is a small group of people that seem capable of adapting to a work at home environment and I guess with a nice enough home it can work out for the better. However it tends to be IT professionals rather than the wider population who maybe can adjust the easiest.
907  Economy / Gambling discussion / Re: The madness of gambling addicts. on: August 13, 2023, 08:51:31 PM
Quote
A Shanghai man was sentenced to prison for kidnapping his own granddaughter so he could maintain his gambling addiction with the ransom money.

The kidnapping — orchestrated by a 65-year-old man identified only by his surname, Yuan — was first reported by the Shanghai Law and Rule Journal. The legal news outlet didn't specify when the incident occurred but wrote on April 18 that Yuan had just started serving his prison sentence.

Yuan kicked off his plan by picking up his four-year-old granddaughter from her kindergarten and taking her out to eat and shop without her mother's knowledge, the Journal reported.

many gambling addicts have lost their minds because their desire to continue gambling overpowers their common sense, hence the importance of "gambling responsibly"

Quote
There are three licensing objectives which support the whole basis of gambling regulation:

- that crime should be kept out of gambling
- it should be conducted in a fair and open way
- children and other vulnerable persons should be protected from harm or exploitation from gambling.


This is not the madness of gamblers, this is the madness of people who would find some way to engage in criminal behavior. The fact that they were willing to kidnap their own grand daughter shows that they are too far gone to be helped and it is far beyond gambling having a grip on them. There's actually immense cowardice in this act, because they didn't walk into a bank or try to rob someone on the street, but they targeted someone defenseless and thought that they could exchange a person for money. They will not be looked upon kindly in prison. It's nothing to do with vulnerable persons being protected from harm, no normal person would act this way and it's such a freak incident that there is no defense to it.
908  Economy / Economics / Re: The Interplay of Consumption and Production on: August 13, 2023, 08:14:11 PM
In the intricate web of economic dynamics, the relationship between consumption and production is a fundamental axis upon which our societies pivot. This connection is not merely transactional; it holds the potential to foster a synergy that can yield two significant outcomes: justice and profit. The delicate balance between these elements underscores the essence of sustainable economic growth and societal advancement.

Consumption, the engine that drives demand, sets the wheels of production into motion. The choices made by consumers have a direct impact on the types and quantities of goods and services that are manufactured. This link forms the backbone of supply and demand economics, determining what products are allocated resources and how resources are allocated to them. In this paradigm, consumers wield remarkable influence over market trends, innovations, and even social and environmental considerations.

It seems like a rather vague statement you've put out there, do you actually have a question on the topic or simply posting a couple paragraphs to spur conversation? On the micro level, companies rise and fail every single minute all around the world. Driven by customer demands and whether an entrepreneur feels like they have found a new market to conquer. Most new businesses will fail within the first 3 years, but there is also a wider life cycle at play - old rotary style telephones stopped being manufactured at a certain point, the companies that made millions of them in the past had to adapt or they would fail. On the macro level, sometimes you see massive industries going out of business like coal, but then renewables might require a workforce which springs up in their place.
909  Economy / Gambling discussion / Re: do anyone have done this? with gambling platforms on: August 13, 2023, 07:57:01 PM
anyone deposited very less amount and luckily won a big jackpot like a 100x or 500x or 1000x of base bet and withdrawn without kyc or without facing any problem from the platform?

if yes, how much was that amount? and what was the casino?

i seen many people complaining about they don't give big wins easily or just don't give by making unanswerable queries like very hard KYC, freezing accounts, etc. this problem is very common with trusted casino's also/

do anyone withdrawn successfully the winning amount and if yes what was the process, it was seamless or you need to pass a hard kyc?

It's almost a pointless scenario to contemplate, because most casinos actually have algorithms built into their games which make it seriously unlikely you would be able to win such multipliers. However they also account for these possibilities and frankly are swimming in so much cash that they can pay such prizes while barely noticing. The casinos might be subject to certain laws but if they are reasonable they'll let you cash out and then force you to perform KYC if you ever wish to continue playing further. Most casinos advertised here have quite good and responsive support teams, who will complete their jobs in the fairest way to the player if the player is genuine.
910  Economy / Economics / Re: All millions are from real estate. on: August 13, 2023, 07:52:16 PM
We can invest in property, if we have knowledge about real estate market. We can perform low bowling strategy by visiting 100 properties which are on sale. We can filter 10 properties of of ten, then we can filter 3 out of ten and offer 70 percent price as comparison to real price, then we can choose best from last three properties. We can see which person and buy property from that. Rental properties are best options because these give fare after every month. We can also take advance from lessee. After 5 to 8 years, retal property value will be double. In this way, we can in rental properties safely.

We can also invest in commercial market and we can work on it and then sale it, it is very advantageous. Commercial market also give bare and its bare increases speedly. Commercial Market price also increases speedly. We can invest in plots if we have knowledge about the area in which we are investment. In a long term, property plot value increases.If we have least amount of money, we should invest in rental property that will give fare  and equity. By investing in plot, we cannot get  fare but we get equity. Commercial investment is a best investment if we have a large amount of money. Commercial real estate value increases speedlyas comparison to rental properties and plots.
We see , millioners are growing from real estate. Other businesses are also available but real estate industry is fast income growing industry. Builders also get benefit from real estate, they work on foreigners projects, builders invest foreigner  money. Real estate industry is continuously growing.

Property is just one aspect of wealth and certainly not what is keeping most people rich. Businesses making products or offering services, which are structured to make a profit, are what makes most of the money go around in this world. Those with the most in demand products that are able to maintain the highest profit margins are what everyone really wants to own. Property can come with a whole bunch of problems by itself, like upkeep or non paying tenants, renters going bust, damage from freak weather events and they are not immune to problems. It also works in cycles, generally it will go up but there are times when it can drop quite drastically in the economic cycle and take a while to recover.
911  Economy / Gambling discussion / Re: Quit gamble! Easy or Hard? Let's talk. on: August 13, 2023, 04:30:22 PM
Boys. It is time to quit gamble. I created a topic about taking gambling as a major income or not and fought a lot of kind people who held an opposite point. I own them a truly apology. I am sorry. No matter who you are, gambling is only for fun. Never take it as income at anytime. If you are still gambling, you should quit now. If you cannot quit by yourself, there are so many channels to help you. Even you can talk to me. I will do my best to help you.


Just some chemical reaction happened in my mind today, I get the point at that moment. Gambling for income is totally wrong and toxic for spirit and body. You will never be successful in that way. But I like gamble is still the fact and it will never change if doing nothing. So, why not open a stream and show it to all people who have interest on that. Let me prove how hard or easy to quit gamble. I will only gamble the affordable fund only. Maybe less. I am streaming 24/7. If some software problems disrupt, I will fix that except sleeping time.

So many people seem to come up with half hearted attempts at quitting, that involve restricting playing time or putting a certain budget on it. The reality is, like with most addictions, you have lost control over at least this single aspect of your life. The only way, or at least the most efficient way, for most people to regain that control is to abstain from the activity altogether. There are no half measures, if you want to quit then you need to identify the triggers that lead you to playing and actively work to avoid them - the first few weeks will be toughest, but then it gets easier.
912  Economy / Economics / Re: What's the effect of having plenty children to the national economy of a country on: August 11, 2023, 07:47:31 PM
Is there an effect both positive or negative to the county's economy when couples have plenty children?

In the past before the current economic era, around the 15th century and the beginning of the French industrial revolution, having many children was seen as fertility and good for both the family work force and country's also. The labour force was majorly manual and those who worked at the plantations were sort after as able bodied men or women.

But at the moment, what is the viability of having many children especially as it could reduce the per capital income.

I think it's the dream of many people to have a complete family, but it comes with high responsibility and is expensive to raise children. In most developed countries, it is becoming a struggle to keep the population growth up within the native populations, because it can be hard enough to buy or even rent these days, so starting a family has all these additional obstacles. So many people are being put into debt at the earliest ages, with university degrees that cost tens or even hundreds of thousands of dollars and taking a long time to pay off. While others may have children and struggle to support them, the most responsible are perhaps putting off the decision and may even leave it later than is wise.
913  Economy / Gambling discussion / Re: Signs that indicate you are not addicted to gambling on: August 11, 2023, 07:33:24 PM
Today, let's shift our focus and discuss something different instead of constantly addressing gambling addiction. So, I've decided to bring up a new topic: signs that indicate you are not addicted to gambling. Let's explore it.

Here are some indicators that demonstrate a lack of gambling addiction:

  • Absence of Gambling Preoccupation
    Do you don't find yourself constantly thinking over recent gambling losses. You do not get lost daydreaming of past wins. Your day is not spent thinking about gambling, or constantly laying plans on your next bet. You do not schemes ways to get more money to gamble with.
  • Stable Tolerance
    You do not need to gamble larger amounts to feel the same level of thrill.  You are satisfied with regular bets and low stakes.  You do not pursue bigger wins, higher stakes, high gambling risks to feel "high" or happy.
  • No Withdrawal Symptoms
    When stop gambling, you do not feel restless or irritable. When you are not gambling, you are having feelings of depression or anxiety. For you gambling more like hobby, something you do for fun.
  • Non-Escape Mechanism
    You are facing your problems and challenges head-on without turning to gambling forget about them. When you experience stress, or any negative emotions, gambling is not used as a mechanism for coping.
  • Lack of Loss Chasing
    When you lose, you do not attempt to bet more and more, with the mindset of winning back what you’ve lost. Rather you "leave" to bet another day.
  • Honest and Accountable Behavior
    You are opened about your gambling behaviour and how much you have either won or lost while gambling. You see no reason to lie about it. Your family and friends know about how you gamble because you have made accountable to it.
  • Unaffected Relationships and Opportunities
    Your life, career, relationships are in order. They are not being negatively affected by your gambling habits. You met you work target and deadlines, your education is not neglected, and you haven't lost any financial opportunities as a result of gambling.
  • Financial Independence
    You have not ran into debts because of your gambling. Neither do you rely on other people for financial support. You haven't engaged in any illegal activity to get money to support your gambling.
  • Avoidance of Illegal Activities
    You have never considered partaking in illegal actions like theft or fraud to finance your gambling activity.
  • Demonstrates Self-Control
    You can go days without gambling because you have the will power and might to. You do not feel powerless and unable to control your desire to gamble.

These signs suggest a healthy relationship with gambling and indicate that you are not addicted. What other signs do you know of?

I think having good knowledge of finances and a stable environment are some of the best defenses against gambling. You could have a very good wage but not know how to manage your money and it can be a recipe for disaster when it comes to gambling. If you don't understand or refuse to acknowledge the simple math that is working against you in a casino, then you're also going to have a very bad time if you keep pouring money into it. Being able to regulate your mind, in terms of not chasing losses and being able to let go of money that you put at risk is important, because some people have a hard time admitting to themselves that they were stupid for entering a particular bet.
914  Economy / Economics / Re: The poor people with their reasoning on: August 11, 2023, 07:24:26 PM
No matter how hard you try, poor people can be difficult to persuade to accept and invest in bitcoin, according to my crypto knowledge and people's enlightenment. They vehemently criticize whatever you show them or introduce them to. They are the ones who constantly inquire about how you manage your funds in order to live during this economic downturn.

Quote
The worst people to serve are the Poor people. Give them free, they think it's a trap. Tell them it's a small investment, they'll say can't earn much. Tell them to come in big, they'll say no money. Tell them try new things, they'll say no experience. Tell them it's traditional business, they'll say hard to do. Tell them it's a new business model, they'll say it's MLM. Tell them to run a shop, they'll say no freedom. Tell them run new business, they'll say no expertise.

They do have some things in common:

listen to friends who are as hopeless as them, they think more than a university professor and do less than a blind man.
How can we persuade the poor that without making investments and taking risks, they would not succeed in life? If they are looking for a financial breakthrough, they need become involved with anything because good things in life don't just fall into their laps. Life is about taking chances and seizing any opportunity that presents itself.

It's actually quite a rude stance you've taken, claiming that "poor people" don't want to "invest" in bitcoin. First off, the clue is in the name and these people do not have a lot of money going around to start - often barely covering their expenses on a regular basis and potentially going into debt in certain ways. These are the people who can least afford to gamble with their money, which is what you're suggesting with them buying Bitcoin. It is still up for debate whether people are investing or speculating in crypto, but ultimately the only way to profit with crypto is to sell the coins you bought to someone else at a higher price - which may not always happen. It's not like a company share, which still has risk involved, but could possibly pay you out the company profits along the way and if the share price just stood still, you could sell it to someone else and still gain.
915  Economy / Gambling discussion / Re: Can Chat GTP destroy poker on-line gambling??? on: August 11, 2023, 06:47:17 PM
Reading another post, it crossed my mind that AIs and particularly ChatGPT could potentially be trained with a large samples of games played by poker champions and then put it to auto-play with amateur on-line players. If this is successful, it could mean the end of human on-line poker playing except perhaps for the world masters and the like. Has anyone tried? Would it be possible??

It's possible that ChatGPT could have an interesting impact for online poker, but the thing is it needs access to all the player hand histories in order to do this sort of analysis. I know some poker sites allow this sort of hand sharing, but most only offer it in a very limited way and will not allow you to mine information on other players, outside of any games that you've shared with them. The poker house could potentially make determinations from using this privately on their internal data set, but it's more likely to figure out things like cheaters or people working in groups. If it was allowed to view all historical poker hands then it could make some pretty powerful determinations based on how people tend to make the same mistakes again and again, unless they actively work to fix them.
916  Economy / Economics / Re: China enters deflation as recovery flops and demand falling on: August 10, 2023, 09:30:16 PM
Now fast forward, if the contagion grows and it spreads to countries that are currently at 3-5% inflation and going down, like in the US and Europe, what will be in this for Bitcoin?

Bitcoin was supposed to be a p2p electronic cash system that would allow you to transfer and keep your money without the need for a third party with the finite supply ensuring it wouldn't be affected by issues plaguing the fiat money printing system.
With the price gradually taking over and more and more being interested in the returns you can get for just holding coins, and a shield against rampaging inflation, would this change in a prolonged period of deflation? With prices everywhere falling down would the majority still be interested in buying and holding an asset that temporarily would be stripped of one of its current selling points?

I know this is a bit more of speculation but since it heavily relies on events in the world economy I think it's a discussion that goes hand in hand with economics not just speculation.


It was pretty much inevitable to see China end up like this, what goes up must come down. The Chinese communist party did a great job when they were opening up and using the (relatively) free market model which brought many millions of people out of poverty and gave them jobs. However it seems like they have switched into reverse gear now under Xi Jinpig, instead of focusing on economic growth the dictator is deciding that he wants to squeeze ultimate control again and is probably lining up to invade Taiwan at some point in the future, but as your graphs show - this is leading into disastrous territory. The way their government is lurching from targeting one sector to the next and the fact that the rules can change overnight, shows that they are a completely unstable business environment which scares off long term investment.
917  Economy / Gambling discussion / Re: How do you stay updated on: August 10, 2023, 09:13:25 PM
I start developing an interest in Boxing and UFC matches when I visited a relative, he is so into these types of sports and he seems to know a lot about it, by I have to keep myself from asking him what and what I should do to know more about such sports, I have this in mind to be able to make some bets or gamble on such sports, my problem is I don't know how, if anyone is into such sports where should I begin? Any special UFC or Boxing platform where I can read news and updates about such sports?

How do you bet on such games? What are the things to be on the lookout for? Because I believe this is different from football ⚽, I also don't have access to satellite dish like my relative does, this is how he is able to get the best out of these sports.

what information can you give someone like me?

Let's face it, the paid for services are so expensive and spread across so many platforms that many people turn to.. less legitimate ways of streaming the content like live sports shows. It takes a bit of digging but you should be able to find it, you'll even find that people will subtly drop hints to these locations in places like Reddit. It's obviously a cat and mouse game because it is big money at stake for the companies that buy sport tv distribution rights, who are constantly going out and trying to shut down these sources. Besides that, you'll likely be resigned to written commentary, or possibly radio commentary which is less likely to have high costs charged for it, or you may just see the highlights after the show.
918  Economy / Economics / Re: Big companies will never let you have the financial freedom on: August 10, 2023, 09:09:09 PM
This is a very sad reality that almost all the big companies including the government institutions will never think of the general public and theirBTC focus is on how to keep the public under control and for this they can take every measure and go to extreme immorality.

I was reading a tweet where the Paypal stablecoin has a code where they can freeze the money at any time and the wallet holder will not be able to use his coins.

You just cannot trust these stablecoins or altcoins, as most of them are made, not to give us financial freedom but for their own benefit.
Only Bitcoin is the one on which we can trust.


What many people in the world still do not understand is that you can start to own a piece of those companies at any point, through a stock broker in most situations. You can start buying shares in them, which give you little slivers over ownership that you can grow over time. Stop thinking of the stock market as a way to gamble, you shouldn't expect to use it and get rich overnight, but you can build up a portfolio brick by brick and in a few years have a powerful income stream that brings you money every month if you choose a dividend strategy for example. Too many people think that they are just sailboats riding on the winds, when in actual fact you can be a ship that is steering it's own motored course through the waves.
919  Economy / Gambling discussion / Re: Anonymity is no longer a benefit of gambling with cryptocurrency. on: August 09, 2023, 05:50:40 PM
I was reading and I saw something that I would have agreed with before, but not anymore because of how much things have changed in the crypto gambling.

Quote
Faster and more secure transactions: Crypto transactions are processed much faster than traditional bank transfers, and they are also more secure.
   
Anonymity: Crypto casinos allow players to remain anonymous, which is appealing to some players.
   
Wider variety of games: Crypto casinos offer a wider variety of games than traditional online casinos.
   
More generous bonuses: Crypto casinos often offer more generous bonuses than traditional online casinos.

https://indiacsr.in/what-is-a-crypto-casino-meaning-advantages-and-potential-risks-explained/


Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.

Am i wrong to think that this information on the internet needs to be updated.

Gambler's face a catch 22 situation when it comes come crypto and trying to retain anonymity. It's in the government sights now and while it is probably only the US government that can put immense pressure on businesses to comply, they take great efforts to stamp out money laundering if they can. It also leaves you in the situation where most legit companies now comply so they can access infrastructure and services which help to protect them against things like DDOS attacks. The owners have to take big risks if they don't use such services, which identify the owners and make them liable to threats from financial regulators all over - including the threat of jail time.
920  Economy / Economics / Re: No choice but to use the unavoidable middle man, the exchange companies. on: August 09, 2023, 05:24:37 PM
I believe that most business owners will prefer to transact money transfers with their customers directly without using an exchange, that will be a third party, and you'll have to pay this third party or middle man money for his services, whether you like it or not. I also believe that nothing beats transacting money directly with your clients or customers, no third party whatsoever. One of the reasons why I like bitcoin is that it's decentralized, and you can do a P2P transaction with another bitcoin holder without any exchange being involved. But for convenience, transparency and scams that are associated with P2P, you don't have much choice but to patronize the services of these exchanges.

You can not eliminate the middle man in businesses, especially in this digital age, be it fiat or cryptocurrencies, because they have come to stay. Big exchanges like Binance, are cashing in on being the middle man in businesses, an unavoidable indirect business associates, in your face, waiting for you to go through them.

I don't even get all the hate that is directed at exchanges by certain members of the forum. While understanding that people should keep custody of their own coins and that many exchanges have "gone rogue" in the past to steal customer funds, they have still brought a lot of good to the scene. Many people simply don't have the technical inclination to set up a wallet on a personal device and would prefer that aspect were handled by another company, as long as they're aware of the risks it makes no difference to them where the coins are stored. If they have larger amounts then potentially diversifying between exchanges is wider because you're at less risk of all of them going wrong.
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