Bitcoin Forum
October 03, 2025, 08:50:10 AM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 402 »
1  Economy / Gambling discussion / Re: Winning the lottery does more harm than good on: Today at 06:11:09 AM
It would be a huge readjustment for most people because it gives them the freedom to never work again, but if you've been working for 10/20/30+ years you're so conditioned to it that its a real challenge to break free. It's like smoking cigarettes for a long time and deciding to quit, you have to totally reimagine your future without them.

Then there's the simple fact that many people are simply terrible with money management. There are some who will spend money as quick as they get it and even with much bigger sums they'll end up frittering it away because they cannot control themselves. It takes a lot of discipline to be good with money and you better have it before you win, otherwise it'll be very hard to manage.
2  Local / Nigeria (Naija) / Re: [Voting] 🐳 Whale.io । Bitcoin Fruit Carving - 2025 🍉🍍🍓 on: October 02, 2025, 09:15:48 PM
This was a tough one, had to whittle down a couple off the short list and leaned towards creativity. Good job for everyone who took the time to contribute. Would have been better to have the username note a bit clearer in some of these photos, to be sure they were not ripped from elsewhere or faked - I'm guessing all were verified but were edited out to present them cleanly.

Code:
#3 #14 #42 #44 #53
3  Economy / Gambling discussion / Re: What’s the right age to start gambling? on: October 02, 2025, 08:08:32 PM
We all know most countries set the legal age to gamble at 18 or 21, but it got me thinking, what really is the right age?

If you’re under 18, you probably don’t fully understand money yet. For teens, most income is from allowance or side gigs, so losing it in slots or sports betting could hurt more than they realize. That’s why rules say they’re not ready, it’s about protecting them from mistakes they can’t handle financially or mentally.

In your early 20s, you start earning your own money, but a lot of people still don’t have discipline. Some see gambling as thrill or quick cash, but they don’t really think long term.

By late 20s or 30s, maybe that’s when most people are financially and mentally stable enough to handle the risks. It doesn’t mean they gamble smarter, but at least they know what’s at stake.

So the bracket looks something like this:
■ Teens - curious but not ready, no stable income
■ Early 20s - earning but often reckless
■ Late 20s and 30s plus - more stability, more awareness of risk

Do you think the legal age limits (18 or 21) actually make sense, or should it be higher or lower depending on maturity?

There's no right or wrong age, we all learn and mature at different times. There are some people who are very mathematically and financially astute by the time they're 25. Others haven't learned basic life skills and can still be reckless with money by the time they reach 40. I'd say that the gambling age restriction should probably start around 21, which is higher than 18 still used by many countries. At least for hardcore gambling like roulette or the slots, but maybe allow things like the lottery without allowing too much to be spent on it. At the youngest rung people need a few years to navigate the world without being bombarded and having their income drained by casinos / bookmakers, because they often have little money to start out with minimum wage jobs.
4  Economy / Economics / Re: Partnership, the merit and demerit on: October 02, 2025, 06:47:24 PM
According to investopedia, Partnership is a formal arrangement between two or more parties to manage and operate a business and share it's profits.And however, it has some advantages and disadvantages.

Merit: Most individuals do not have the time or resources to run a successful business alone therefore give room for partners to put resources together and abilities.
Partnership also make the day to day operation of a business more manageable than when one person were involved.

Demerit: During sharing of profit, partners may assume responsibility for any losses or dept from the other partner.
There is a higher chance of conflict and mismanagement.
However, if one of the partners want to quit, there may be difficulty reaching agreement about selling the business.

Partners are sometimes essential to launch and grow a business, however much certain people think they can go it alone. It can be a heavy burden to launch a business and you often have to become a jack of all trades, so if you can find someone genuine that is able to wear some of the hats, then you should definitely consider giving them a cut - all the way up to 50/50 if they have immense value. The most dangerous thing for a hard working entrepreneur can be a bad partner though, as you can end up putting all the effort in while someone else simply leaches off the fruits of that labor at the end of it. Even close friends can fall apart in this sort of situation and resentment can fester if one side things that the others are not working or adding enough value.
5  Economy / Services / Re: [OPEN] Betpanda.io Crypto Casino | Signature Campaign | Full Member+ on: October 02, 2025, 01:38:58 PM
Rank- Legendary
Segwit BTC address- bc1qw4e3lvvr0vz9343x3ea9ujnu8fzrk059u68f26

Note: hoping you'll permit an "upgrade" from an existing signature campaign you've accepted me in
6  Economy / Gambling discussion / Re: Aussies Gambling at Risky Levels Hits 6-Year High on: October 02, 2025, 06:12:53 AM

Just saw this survey ... around 1 in 5 Australians (19.4%) are now gambling at risky levels, which is the highest in six years.
What’s crazy is overall gambling has gone down, but the ones who do gamble are taking bigger risks, and a lot of that is happening online.

Lotteries are still big, but online sports betting is growing super fast, especially with younger people who have easy access through apps.
The government was supposed to tighten gambling ads, but they delayed reforms until 2025… so the problem keeps rising.

what do you think is the main driver for this?

I had a skim through the article but still couldn't figure it out - what do they mean by no risk gambling? Are they talking about virtual money that has no real world value? I've never understood that being called gambling any more than having credits in any online game, because there's nothing really on the line. It's definitely a high percentage of Aussies who are engaged, but it's a fairly rich nation with not necessarily as many amenities outside of the major cities, seems to me that people have limited other things to do with their free time. It does mean that casinos and bookmakers will continue to make huge profits in the country unless the government starts changing the law.
7  Economy / Economics / Re: Start ups 2025 on: October 01, 2025, 09:13:18 PM
These figures are just strange and dramatizations. I don't believe you can call "Space X" a startup at this point, it is a maturing business with valuable assets and plenty of long term contracts. Which makes me question the rest of the statistics too. The fact that America only has half a percent of the worlds start up companies actually seems rather low, as they are usually pioneering in this area. also, what is the definition of a start up in use? Is it just a business that is under a year old? I'd hazard that most people here might associate startups with IT, because you can have services like a barbers that will fail for a bunch of different reasons to a software company. It feels like too broad a scope to give an insightful feedback, unless you define it a bit better.
8  Economy / Gambling discussion / Re: Will the world follow Greece on how they restrict children from online gambling on: October 01, 2025, 08:16:09 PM
Minors playing online has been an issue in many countries because these minors can find a way to bypass restrictions, or the casinos are very lax on their restrictions.

Greece has found an effective way to protect its minors from harmful online activities like playing in casinos.

Quote
The centerpiece of the initiative is Kids Wallet, a state-backed mobile application that verifies a child’s age and filters access at the device level rather than through individual platform accounts. The app, which launched in May, already allows parents to set time limits, supervise screen use, and establish a “digital identity” for their children. Parents link their tax identification credentials to the system, upload age-verifying documents, and then set permissions. Once a child reaches 15, parental approval is no longer necessary.

Currently optional, the tool may soon become mandatory, depending on the final decision from Prime Minister Kyriakos Mitsotakis. Officials cited by Greek City Times say he has taken a strong personal interest in the project.

If this becomes mandatory, do you think it will be effective, and will other countries follow Greece's lead in protecting their children from harmful online activities, such as online casinos?

Many countries have effective enforcement that makes it difficult for youngster to gamble, in fact it's often the reason given for some of the most restrictive privacy laws that politicians try to impose. I do agree that kids often have too much screen time and not enough oversight, but this can often come down to poor parenting - so this is just a cop out that will attract a few voters. However I do wonder if this will leave younger people without exposure to gambling in any form, which might actually have the opposite effect and cause them to splurge on the activity when they go over the age threshold, as a type of "right of passage". People would often go out to get drunk when they hit the age limit, but it can lead to excess instead of being able to enjoy small amounts responsibly.
9  Economy / Economics / Re: Overseas aid; a tool for developing, or a source of dependence. on: October 01, 2025, 07:05:47 PM
Developing countries are usually benefactors of various aids from other countries. These aids help boost the economy of these countries; they build capital projects, and act as immediate reliefs for the benefiting ocean.
Conversely these aid also has some negative effects; over dependence set in, including mis management of fund, corruption, laziness now sets in.
It can go both ways, does the good outweigh the bad?

The two are not mutually exclusive, aid at the beginning can often have noble intentions (but not always - some countries only give it in return for things like mineral rights) and can morph into coercion to enact laws that favor the donors at the expense of the recipients. Once the aid is there, it can discourage investment at worst or make people reliant which can breed complacency. If somebody is feeding you constantly but you or your family might perish if it's taken away, I'm not sure that's doing good. If we are talking about short term aid, like during a famine or a crisis like a hurricane that causes devastation, that's probably a more acceptable form that definitely needs some sort of end date time horizon before it's abused in different ways.
10  Economy / Gambling discussion / Re: Responsible Gambling in Land base casinos is is possible? on: October 01, 2025, 05:28:08 PM
We all know that land base casinos are infamous for not having a clock inside or even natural lights. For sure we have fallen victims on it. One example is that when you came in late night and then you go out in the wee hours of the morning.

What if there is a timer on slot machines that will remain us how long you are playing already.

Question 1:

Would introducing clock inside reduces our gambling session?

Question 2:

Does having a timer in slot machine increase our awareness on the time that we are playing and maybe it can reduce long sessions and it might cut us from chasing our losses?

Still on the subject of slot machines, what if together with the time, it will also shows how much money we have spend already.

Question 3:

Does it stop up from moving on if we have seen how much money we've lost already?

Not sure why you seem to ask obvious questions. The very reason that casinos removed clocks from the rooms is because they trialed it and saw an uptick in profits as gamblers stayed longer. People often look for any excuse to leave at the end of a losing session and a reminder that it's long past bedtime is a very powerful one. I'm not sure why any casino would introduce a timer to slots, but some will have alerts that you can switch on which remind you at intervals, 30 mins or an hour, that you might want to take a break. Nor is a casino going to broadcast to a customer how much they've already sunk into a machine because they want to empty their wallets if possible, not be reminded of constant losses.
11  Economy / Economics / Re: Philippines Quake & Infrastructure Failure - Reminder That Corruption Kills on: October 01, 2025, 06:24:20 AM
I am not a building engineer and the only thing I know about earthquake protection on buildings is Japan does it very well. I'd guess that it takes a fair amount of extra expense and some high quality engineering in order to keep it standing. A 7 on the Richter scale quake is quite powerful and poorer nations generally don't have the resources to build everything to those standards. There may be some corruption involved, but what are the actual requirements for buildings to be able to withstand? Mother nature can be extremely violent and even the best equipped countries can suffer from collapses or downed power lines, so that is nothing new.
12  Economy / Gambling / Re: How do you find a new crypto casino? on: September 30, 2025, 08:54:31 PM
I’m genuinely interested in how players find good crypto casinos nowadays. I believe the google search results are pretty bad these days—for example, if you simply search “best crypto casino,” you’ll find that CoinCasino comes up as the top choice, which is a bit questionable. ( i strongly disagree, i think its some of the worst casinos )

So, is Bitcointalk still the best source, or are there other reliable places to find a good casino?

It's rare that I swap casinos/bookmakers now unless something major happens or maybe to take advantage of a new welcome offer. Most new casinos have less functionality than the established ones and barely any budget to entice you in, or their welcome offers are overly generous but too hard to unlock a reward. If I do feel like checking something new out, this is the best place for it because most of the active ones are going to appear on the first two pages of this board - it means players are engaged and there are usually new posts from the staff members too. I agree that Google is pretty junky these days when it comes to certain searches and it takes forever for new sites to appear even if they have become trustworthy.
13  Economy / Gambling discussion / Re: Which Sport is Really the Most Profitable to Bet On? on: September 30, 2025, 07:15:39 PM
Me, I usually stick to basketball - both local leagues and especially the NBA. That’s the sport I actually follow closely, and I feel more confident with my own analysis there. But lately, I’m starting to think maybe I should explore other options, and I’m curious what others here have experienced.

For those who’ve been betting for a while and tried out different sports  ( boxing, soccer, tennis, horse racing, etc.)..
what do you honestly think is the most profitable to bet on?

I don’t mean the “textbook” answers you read in blogs or articles. I’m looking for real experience. Like, in your case, where did you actually see more consistent returns?

Do you stick to one sport you really know inside out, or do you spread bets across different ones depending on value?

In my experience it has been horse racing, because I've seen the odds fluctuate hugely between the two days ~ before that the odds become available and the race time. I have no idea why there is such a large range, but I can definitely see that people can make money from this area, at least before the bookmakers decide the put a stop to it. In football you often see almost equal odds, or at least a rather limited range and it is obvious when an underdog is going to lose. However with horses, you might often find that there is very little to distinguish 3 horses and they can trade at 3-4x odds with a few close contenders sitting in the 5-10 range which are huge multipliers if you can figure out a good strategy to use.
14  Economy / Gambling discussion / Re: Back then, people gambled whole Bitcoins - imagine the value today on: September 30, 2025, 05:48:14 PM
Back then, gambling sites didn’t use decimals or sats, it was whole Bitcoin bets.
The value wasn’t as “precise” as today, people threw around BTC the way we throw around a few bucks now.
Now that Bitcoin has grown so much, gambling in full BTC is almost unthinkable. Everything is already calculated in fractions (mBTC, sats).

So for discussion purposes,
 Do you think the players back then had no idea about the future value, or they just didn’t care?

It's pointless having regrets, you only get one life so embrace your decisions and let go of the past. If you don't then it can start to consume you and it'll only make you depressed thinking about it, that doesn't help anyone. Pretty much nobody could have foreseen bitcoin growing from being worth cents each to a hundred thousand dollars - it was worth what it was at the time. Of course anyone who had the choice to swap how they spent bitcoin in the past would trade it for the value it has today, that's obvious. Who knows, it may have made someone very happy at the time and a few people might have even increased their bitcoin holding then kept hold of it until they could cash out at todays prices.
15  Economy / Economics / Re: The AI Bubble on: September 30, 2025, 04:32:48 PM
Customer Service AI is brilliant, Imaging, Video too, Drohne and warfare all good. But not one thing where people say I buy the AI browser for $5 per month when the non AI Browser is just as good.

Additionally comes a huge security concern, AI is made to collect data, people  don't seem to care.  

The AI Bubble is closing its bursting point. That should make the management wake up, it is the management's biggest failure to beware Investors for overexposure, They don't care.  

You seem to be mixing up a lot of different things and somehow trying to mingle it into a connection to AI. What has the cost of living in India, with it's lower dollar denominated costs, compared to the USA got to do with AI? I think very little, it's merely trying to squeeze some profit out of a country that otherwise Netflix would struggle to keep a foothold in. It could even be an Amazon type play where they lose money or make very little in the hopes of turning a larger profit by cranking up fees on the userbase in a few years. While I do believe that AI is often overhyped and a buzz word that marketing people use to wow naive executives, it will certainly be revolutionary in some business areas and that is already taking shape now. Ignore that at your peril.
16  Economy / Gambling discussion / Re: Alcohol + Gambling = Recipe for Disaster? on: September 30, 2025, 05:00:56 AM
We all know gambling already carries risk, but what happens when you mix it with alcohol?
Personally, I’ve had a few times where I ended up gambling while drunk , whether at a casino or even online, and the experience was way different.

When you’re drunk, you lose that natural fear of losing. Suddenly, betting bigger amounts feels normal because your judgment is off. Based on my own experience (and I can count these moments on my fingers), I ended up losing about 4 out of 5 times whenever I gambled drunk.

It really felt like a recipe for disaster - even though it seemed fun in the moment.

Have you ever gambled while drunk, either in physical casinos or online? Did it change the way you placed bets, and how did it turn out for you?

Places like Vegas used to give gamblers free drinks, that is probably the biggest indicator of how it is expected to affect your behavior. The casinos clearly worked out that it leads to bad decisions, because it relaxes people and affects their reasoning. I've seen lots of people make poor choices when on alcohol and do things they would not do sober. For the casinos to give anything away for free there must be a powerful case that it generates more income for them. If you are playing skilled games like poker, you won't stand a chance against the top players if you drink, because you have to be razor sharp in that game at all times.
17  Economy / Economics / Re: How to save successfully? on: September 29, 2025, 08:40:04 PM
Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

It sounds really simple but it usually just comes down to two simple factors. The first is not earning enough money, which it usually true for people who are near minimum wage while maybe living as a single person that increases bills that might be split in a couple. The second is spending more than you're earning on a regular basis, which either leads you to break even every month or slowly descend into debt which becomes harder to escape. When you have gotten into debt it becomes very sticky and can trap you, unless you start to budget properly. Things like inflation do creep on us every year and while it is noticeable we can mitigate it slightly by being more careful with spending and potentially trading downwards on products.
18  Economy / Gambling discussion / Re: Is Live bet risky for betting companies on: September 29, 2025, 07:35:16 PM
Live bet is when you can make a bet when the game is ongoing. Yesterday while watching the Chelsea vs Brighton game on a Super sport a big station in the South Africa company DSTV. I was watching it with a friend so after half time before the restart of the second half he was on his phone checking on the match and it took nearly five minutes into the game on his phone before the second half kicked off on the TV.

I understand some live score can be faster but nearly five minutes is too far between. So sport betting platforms that has live score should have up to date live score to not get caught but is it still a risky for them or it is completely covered.

Yes, in comparison to fixed odds decided before the game, live betting does introduce some risks to betting companies. At the start of the game if a bookmaker has $1,000 on a team to win and $1,000 the other side on a team to lose or draw, with a small margin built in as profit, then they really carry no risk at all. They've locked it in. However if they accept mid game bets and they are not quicker than scouts at identifying score changes or other profitable opportunities that someone is able to place a bet on, then they can find themselves losing money. Games can be much more dynamic and the statistics systems they use might not be able to recalculate odds on the fly, as they had potentially days to calculate all other stats before the game started.
19  Economy / Economics / Re: Convince others to tap retirement plans on: September 29, 2025, 06:19:34 PM
I asked an AI to do the math on moving only 1 to 5% of Canadian tax free accounts to bitcoin.

It is very conservative, but would still shake up the market. See if you can get AI conservative estimates from your own countries. Share the outputs in this thread and come up with ideas to convince the masses to trust bitcoin with 1 to 5% of their savings.

AI output:
https://www.scribd.com/document/923855261/A-Realistic-Estimate-of-Canadian-TFSA-Capital-Entering-the-Bitcoin-Market

It sounds like an absolutely terrible idea, people have worked for decades in order to build their sizable pensions and need absolute stability in their old age because they don't have the time (or in many cases health) to earn much more beyond that. They cannot afford to recover if there are any major dips, which is why most retirement pensions being drawn down on are primarily in government bonds - which are fairly low paying but rock solid as assets go. Leave crypto investing for the younger and middle age generations, even when we're only talking about 5% it is too much. They can put their fun money allocation into it, but it goes against all common sense and traditional advice to suggest otherwise.
20  Economy / Gambling discussion / Re: Gambling has an impact on aging process on: September 29, 2025, 03:59:52 PM
I just happened to meet my old friend, whom we used to kid for having found a fountain of youth at 50; he looks more like 30, always fresh, and always looks baby-faced. I suppose it has something to do with genetics and discipline, which was three years ago.

When I met him a week ago, he looked aged at 53; he looks more like a 60-year-old. He is unkempt, having added 20 kilos to his weight, and now has grey hair and numerous fine lines that were not visible before.

When I asked him what happened, he blamed his gambling addiction as the primary cause, stress from financial losses, and he became socially isolated. He also admitted that he has a cognitive decline and easily gets fatigued. He is in the process of recovering his health, but it will be a long and arduous journey, and we are going to help him regain his boyish look.

Question is :
Do you feel that you aged fast because of gambling, or do you feel young and vigorous because you are a responsible gambler?

It's possible that this is because of gambling, but some people just handle stress differently compared to others. People who think that it is some special escape that is their solution to every problem in life - if only they won the jackpot, are going to be constantly disappointed and despair when it does not happen. That is a very stressful and unfulfilling way to approach gambling, especially as you pour money in thinking that you are owed a mega win that will never come. You'll often find that addicts will start to ignore other things in life, even basic grooming and welfare like exercise which are crucial to keeping the body fit. We all made decisions throughout our life that could lead to this sort of devastating outcome, so be wary.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 402 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!