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June 14, 2024, 12:48:49 PM *
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1  Economy / Gambling discussion / Re: How often do you receive bonus bets/free spins? on: June 13, 2024, 09:54:53 PM
Not that much nowadays, and probably because I stopped particularly chasing for free shit, and preferred to just stick to casinos that I am already acquainted to. Which to me is much more important than free spins anyways.

In any case, I heard that there are casinos who either offer these bonuses as a one time big time event for when you either register or deposit a certain amount for the first time, or it could also be, which is the case for some casinos, that they offer these as a top-up bonus, making it very consistent for you to earn trinkets. Personally only had played with casinos who offer the first instance, and while I don't really look forward to bonuses and whatnot as I have already said, it's not like I'll pass up an opportunity to get free stuff.
2  Bitcoin / Bitcoin Discussion / Re: The Internet don't forget, many times Donald Trump says bad about Bitcoin on: June 10, 2024, 04:35:26 PM
This is not about candidate choice or who you support but I want to inform you that all Politicians don't care about Bitcoin or anything concerning crypto, it has always been their political career and how they can get to the office and make their goals and nothing more. This is why you shouldn't give them your Bitcoin, you will suffer later if their policy doesn't favour Bitcoin.

Last week and this week, there has been a discussion about Donald Trump being referred to as "Crypto president" and I see that as a big fat lie, he is nothing but just one of the candidates like others who is soliciting support from different communities and Bitcoin is just one of them.

Fact check me, Donald Trump was the president of the United States between 2017-2022, and guess what, Bitcoin had one of the most crucial and worst moments in these years, the Covid-19 market breakdown and fear among Bitcoin investors when Bitcoin did as low as -45 % in one day but when this guy was asked about Bitcoin, he said all sort of bad things about Bitcoin, this was before and after Bitcoin has recovered from all these losses. Now walk with me with the things he has said;

1.
 

Source: https://x.com/realDonaldTrump/status/1149472282584072192

Here is one of his posts in 2019 when he think Bitcoin is not real money and too volatile, used for unlawful behaviours such as drug trade and other illegal things.

2.


Source: https://x.com/TylerLaroche_/status/1401903725728387082

Here is another video in 2021, he admits he will never invest in Bitcoin because he thinks Bitcoin competes with the dollar and Bitcoin bleed much that day.



The big guy now accepts Bitcoin and other crypto forms for donations to support his campaigns and the coming election.



Source: https://www.donaldjtrump.com/crypto

He is not the only candidate guilty of this part, all the other candidates contesting are now accepting crypto donations from people. However, the moment they reach the office, they act like it was never them that was campaigning and asking for help from poor holders. They don't care about you and this is why you should never donate your Bitcoin to anyone because your Bitcoin will be sold on the market and will continue with their games.

Don't give out your Bitcoin, HODL!!!
Gentle reminder that none of these clowns stood by crypto until it worked well for them, not even Bernie Sanders of all people. If anything, these people are just in here to get your favors when the votes are about to be cast. And while I don't live in the US, I don't care for some convicted felon, even if they are the biggest cryptocurrency stan on the planet. Remember that the state of your country's going to be decided by who's at the seat of power for the next 6 years. Don't fuck it up and be smart when you do cast that vote.

Forget crypto, forget who's against it, it will always find a way into being a use-case despite bans and crackdowns anyway, be more inclined to think about the welfare of your kids in the near future.
3  Bitcoin / Bitcoin Discussion / Re: Is bitcoin gradually turning away from its purpose? on: June 10, 2024, 04:30:15 PM
Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.
I'd like to think of it as "birthing a new purpose" rather than be very pessimistic about it and call it steering away from what it is intended to do. First off, it's not like everyone's at a disadvantage with the way things work in the crypto industry now, matter of fact, I would say that it is much better if bitcoin remains this way, or at the very least be able to discover and explore new ways it could be used cause it just remaining as a glorified currency remittance system is droll, and had bitcoin stayed like that it would've died in its first few years mind you.

So while some bitcoin purists here say they like bitcoin to go back from being a very important store of value of an ecosystem it has birthed and nurtured from the ground up, to a currency system, I always slap them with the fact that if bitcoin remained that way, there's wouldn't be any bitcoin to look at right now.
4  Economy / Trading Discussion / Re: Before Trading Bitcoin you should... on: June 10, 2024, 04:05:53 PM
A lot of mistakes people make a lot is going into bitcoin trading without any steady source of income. While it is true that  bitcoin trading can change your life for good, you should also know know that it could also wreck you. First get enough knowledge, make sure you are working as this will help you fund your trading accounts. Only trade what you can afford to lose.

Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.

Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.

Do not forget that you should always risk what you can afford to lose.
I think having a steady source of income is definitely great, especially if you're investing, so I won't rebuke that, but the thing is, I think the more appropriate thing that people should always take into consideration when investing in crypto, or bitcoin for that matter, is making sure that you are not investing money beyond your means. I've seen friends of mine literally have no other way of getting money but from allowances, still able to  invest and grow their profits all because they employ risk management and are more than happy to consistently put a stake at bitcoin and crypto. In my opinion that's really all the things that you need if you want to succeed in here, cause steady income's great and all but just having that alone without proper mindset and discipline's not gonna bring you profits.
5  Economy / Trading Discussion / Re: crypto is actually the future on: June 10, 2024, 03:53:31 PM
the future of investment that is,

while traditional markets are becoming more and more unpredictable (prices driven by expectation/marketing), cryptos are drawing clear patterns over and over again.
the game is actually flipping over. traditional assets are becoming gambling, crypto is becoming fundamentally backed by historical data.

It sure is, but don't go thinking that the traditional means of trading and investment is going to be dead soon as crypto really takes over. The outside market is still a thing and it definitely will persist for as long as fiat money remains a concept we dabble. Plus it's a great starting ecosystem for newbies and investors who aren't so keen about dabbling in the very volatile and dangerous cryptocurrency market where your investments can literally go from 100-0 in a snap of a finger.

The volatility of the market is pretty much temporary, and after an economic reset after a massive and deadly economic crash, we're going to have a pretty smooth sailing outside market. So all in all, traditional trading forms will still remain good at least until the end of the century.

6  Economy / Economics / Re: Let's use the cryptocurrencies and blockchain techology for good idea on: June 10, 2024, 03:27:44 PM
The solana meme coins could be good way to invest into real world projects.
As banks don't give money so you could collect funds with meme coins and it will start the innovation and a lot great ideas will be turning into reality becouse If there is funds people can realise their dreams.
For example building and real estate developement or any other business idea to collect funds limitless opportunity i don't know why people don't do that ?
I would love to invest something like this and then i'll get rewards or ownership of business.
Sure, you can't never trust anyone can create meme coins but If we going to risk anyways for fun and no actual use case or utility then atleast lets use it for something good.
Also can collect donations for projects and many many more ideas i would really love to invest in this way.
That will Bring more money than actually USA wall street doing it now you could collect more than fed can print money for all kind of projects.
I really love to invest into real projects trough solana meme coins they could be like company stock shares.
Just Nice it will be
This concept is already explored in the crypto scene today, and lovingly called by the public as "RWA or Real World Asset Cryptos" These cryptocurrencies are not only backed by tangible assets, they are basically the main-leverage that keeps both the IRL business and the crypto ecosystem with which the business is tied with alive. There's this one RWA project that I'm really looking into these days, besides the Realio Network, which is called STEAD Defi (not a plug), this project focuses on harnessing the sea and introduces features like resorts rental, putting a stake on the projects that they will create IRL using cryptocurrencies that they put out, and a bunch more features. It's a good project if I do say so myself.
7  Economy / Economics / Re: Should there be a limit to investing in your children? on: June 10, 2024, 02:12:28 PM
There is a current trend in my country where parents are doing everything financially possible to give their children the best education. Some parents have gone to the extent of selling properties or taking loans to send their children to some of the best schools in and outside the country. I have spoken with some of them, and the reason they give is that this child will get good jobs and take care of them in the future.

I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.

Do you think parents should have a limit on the amount they can invest in their children?
I would assume you're living in an Asian household like mine, possibly Filipino, cause it's very common for pinoys to treat their kids like they are insurance programs that would allow them to retire peacefully when they can't work anymore. They'll still take care of their kid like a normal parent would, but will put unnecessary pressure on the kid by always reminding them that they either have to support their parents when they grow up so they can retire peacefully, or they have to be successful so they can support their siblings which is really fucked up in my opinion. Setting the kid like that as the breadwinner of the family when it's not the kid's choice to be born in the first place is just a new level of messed up for me, and is definitely something we need to relinquish.

8  Economy / Economics / Re: Things to avoid when you earn a lot or become rich on: June 10, 2024, 02:08:57 PM
 ~snip~
Good list, but here's my two cents regarding this topic. The thing is there's nuances when it comes to buying expensive things. To me, buying expensive shit as a form of reward every now and again, is totally good and permissible, at the end of the day, you put in the effort and the hours that lead you up to that level of wealth, you can't just work and not live your life. Buy expensive shit as a form of reward, treat yourself and your day ones to new experiences, make the most out of the money you made. Money is made to be spent, not to be hoarded after all.

And of course, protect your money-making machine. You can't just quit it or leave it hanging out in the open as soon as it served its purpose and had made you wealthy already. Keep learning new things related to that craft, become more versed, protect your income and your income-maker, and you'll go far my friend!
9  Economy / Economics / Re: The government cares for no one but waits for you to get rich for taxes paying. on: June 10, 2024, 01:58:05 PM
I do not know about other countries but in my country, politics has compromised the economy growth with equity.
As the transition of power evolves, the value of the citizens are depreciated in the eyes of the governments which now optimizes citizens to rely living in fortitude of bravery and accepting challenges so that we don't give it all up hopelessly.

We fight it out by ourselves like there is no government to provide us with some basic amenities and quite better to be called "a daylight robbery or extortion" that once individuals has struggled to make productive differences from the economy slavery chain of the government, you would be will assigned to revenue on taxations.

My question.... If the government could find utilizations on the citizens for taxations on generating funds for infrastructures and other government services , why don't they invest on the citizens or support those with the potentials to productiveness knowing quite well that once they makes success, they would be demanded to also contributed to the growing structures of the economy?
What the government knows is that if a successful individual refuses to comply with the government order, they will get you frustrated tending to fold your productiveness qualities or you go to jail.

So, why don't they tax the poor who barely struggle to eat?:Simply because they found those set of citizens useless and the prison will be occupied if charge them for not paying taxes since there are more Poor people than the rich in the society.

This very argument is the reason why the Ronald Reagan Tax Reform worked in the first place. They supposed that since businessmen are the ones that carry the whole economy of a country, in this case the USA, they should be taxed less and have the brunt of the work be passed on to the micro-citizens and the average joe. You realize how this lead to fucked up situations later down the line leading up to Ronald Reagan becoming labeled as the worst president in history.

There's a fine line between "investing in the productive members of the society" and "lifting tax obligations to the rich" you have to understand that the poor can't pay taxes because they are fucking poor.
10  Economy / Economics / Re: Involve an attorney in your business dealings. on: June 10, 2024, 01:48:47 PM
A lot of people make the mistake of signing contracts or making business deals without involving a lawyer, which is not very prudent.

In whatever deal or contract you're getting into, make sure your lawyer is aware of it and make sure he/she has gone through the contract and gives you the go-ahead to sign before you sign, even if you feel you understand the contract very well.
It doesn't matter if it's a start-up, expansion, acquisition, selling of an asset or business, signing for a firm etc. Anything at all that involves you or your business and another party carrying out a business transaction.

Another mistake people make is not defining and understanding the terms of the contract before signing. This is where lawyers come in handy. You're not expected to know every business law, so there are a few details you might miss, details that can be against you in the future. Also, laws differ from region to region, so a law that favours you in your region may be against you in the region where you're doing business.

Some people involved a lawyer when things have already started going south. This is also not wise. Having a lawyer from the beginning may protect you from trouble.
It's okay if you can't afford the most expensive lawyers or firms to represent you or your business, but just make sure whoever you're hiring is competent enough

Quote
Five reasons you should involve your attorney early in your business transactions.

1. To Solve Problems in Advance
2. To Make Due Diligence Easier
3. To Reduce Last-Minute Time Burdens on Your Team
4. Because “Business Terms” are Not Just Business Concerns
5. Because Hiring Them Earlier is Probably Not Going to Cost Any More Than Hiring Them Later
Read more details here
You are so good for this. A lot of micro-business owners dismiss the necessity of having a good attorney when talking about business dealings, and sadly I was also a victim of this.

Back in the heydays of NFTs a multimedia offering company tapped us to ask about business dealings and if we could collaborate, failing to have a good lawyer on my side who would read the stipulations and decide whether it was smart for us to do this or not, I ended up forking over a couple thousand dollars which is a heavy-handed deal if I do say so myself. In the end we lost a lot of money from the dealing, and we didn't even break even with the NFT sales, while they had a safety net. From then on I made it a point to always have someone who would read the documents for us, and translate it in laymen's terms, preferably a lawyer.
11  Economy / Economics / Re: Leadership and Economics on: June 10, 2024, 01:42:29 PM


Quote
In general, leadership describes a close relationship between a leader and a group of people who are led because of common interests. Leadership is the central point and dynamist of the entire process of organizational activities. Leadership is absolutely necessary when there is cooperative interaction between two or more people in achieving organizational goals.

Paul Hersey and Ken Blanchard in the theory of "Life Cycle Leadership" which was later renamed the theory of "Situational Leadership" (1969), argued that the essence of leadership is achieving goals through group cooperation. Leadership should be placed at the front followed by management. Why leadership must be placed first is because leadership basically reflects the leader's process of creating a vision, influencing the attitudes, behavior, opinions, values, norms, and so on of followers to realize that vision.
https://binus.ac.id/character-building/2024/01/apa-pentingnya-memilih-pemimpin-bagian-8-12-tulisan/

The figure of a leader is very important for the economic growth of a region because the rules he makes will boost the rate of economic growth when it occurs effectively. investors will also feel comfortable with the right leader because their trust in their funds is well maintained, now there are many examples of countries experiencing good economic growth because they chose the right leader

what about you, do you agree with the right leader can make your life as a citizen, businessman or an investor comfortable?
That's the thing, people are quick to dismiss the power of a government, thinking that a person's sole success lies in the effort that he puts in and the money he can make, but the thing is, you can make a million dollars today and still have your grandkids starve in the future, why? Cause the government's fucked that the economy you're in doesn't support a good economy, and even if you're able to succeed and finally get yourself or your immediate family out of poverty? What does that have to say about your grandkids? Your great grandkids?

Talking about a more micro-approach when it comes to this right leader discussion, but I can definitely see how it pans out in the business world as well. I heard about a guy who instead of cutting corners and lay off his employees during the height of the pandemic, he stuck and invested in them, even giving them higher salaries which is severely criticized by businessmen and thought leaders all over the planet. Turns out he was right, and even amidst high attrition rates brought about by the pandemic, his company stood strong and remained up and running!
12  Economy / Economics / Re: Hunger in a country known for agriculture. on: June 10, 2024, 10:57:13 AM
Nigeria is country that is well known as a typical agricultural nation which was once the mainstay to the country economy and because of the agricultural strength of the country compel them to have their flag as Green White Green which signify agriculture and peace but it baffles me to see the level of hunger going on in Nigeria now to the extend that an average Nigerian cannot boast of feeding himself and family three square meal per day.
What could be the root cause of this hunger in a country that has all it takes including human capitals and natural resources to make a great nation that the whole would will cherish and envy.
I think this is a common occurrence and a rarely talked about problem with how the world works right now. Countries with a lot of resources and basically a lot to show for themselves ending up poor cause either they don't have the capabilities to fully utilize these resources to their prime capacities and make themselves rich, or they are systematically enslaved by other "powerful countries" which is the case for Africa. It goes without saying that the interference from western powers rendered the countries in this continent poor, when in fact they are one of, if not the most resource rich countries in the planet. Emerald farms that are literally owned by Americans, profiting off of the labor of kids no younger than 7, agriculture being very rampant but since they are duped by these people they can't sell their goods for its proper amount. In an ideal world shit like this wouldn't happen. But it's fucking sad knowing that shit like this didn't need to happen, and yet it does.
13  Bitcoin / Bitcoin Discussion / Re: How many Bitcoins do you own or have you collected until now? on: June 10, 2024, 10:48:16 AM


And now, How many Bitcoins do you have now or how much have you ever accumulated?
It can be seen that at that time, people were quite open and did not hesitate to share the bitcoin they had, maybe because bitcoin at that time did not have too much value. But now each bitcoin is worth almost 70 thousand dollars and I think it would be unwise for us to publicly disclose the number of bitcoins we hold. It's not just privacy but there are many different reasons that I believe we all know.

70k$ is not a small amount of money for many 3rd world countries and I think many of us will not have many holders above 1BTC, IMO. Not to mention, today's market is not just bitcoin, we have hundreds of thousands of altcoins and I think the majority of people will invest more in altcoins instead of just holding bitcoin.
I have a couple, with the amount itself remaining a mystery for obvious reasons, but I am confident enough to say that I am prepared for whatever is going to happen to bitcoin, be it good or bad. I have enough to go around and make me fucking rich when it does pump, just enough to use it as a landing mat when the price crashes. So it's all good. I am quite aware of how hard it is to buy bitcoin now financially, considering not everyone's gonna have 70k just lying in their sock drawers and shit, but this is why I always advise people to do DCA, just because you can't buy a whole bitcoin at once doesn't mean you can't make money in this industry anymore. Buy a couple every now and again, reap the benefits, rinse and repeat.
14  Bitcoin / Bitcoin Discussion / Re: Why are banks against cryptocurrency? on: June 10, 2024, 10:27:37 AM
~snip~
I think one of the things that banks hate cryptocurrency for is the fact that crypto allows people to not need banks anymore, making them essentially useless. You want to keep your money safe from people who would want to steal it? Use a cold-wallet and keep your money in there, problem solved. You want your money to compound in value while also keeping it in the same account? You can hodl your crypto for as long as you please, doesn't matter how, and you can almost always expect to earn money in this process. You want to prep your kids by opening an account for them that you could put money in consistently, probably college funds or whatever? Crypto can also do that.

A business model that can pretty much replace you will certainly leave you quaking in your boots, and this essentially is why I think banks and crypto, at least traditional banks in that regard, will never find a common ground to work with.
15  Economy / Gambling discussion / Re: What do you really want from gambling? on: June 10, 2024, 10:17:58 AM
It's a question I asked myself this evening while playing a Slot game on a telegram casino.
I asked myself this question, and was puzzled for a while because I was actually confused of what exactly to answer myself, I wasn't sure if money was what I wanted from gambling, or whether I was just playing to have fun, or whether I was gambling for both money and fun.

And honestly, I am still confused, because I've thought of money being what I wanted, then "what is my actual target?, what amount will be enough?" is the next question I asked myself, and I realized I didn't actually have any amount in mind, and this made me conclude that money wasnt really what I wanted, but it's not fun either, cus I cant have fun if I am not winning, like I would always say, " there is no fun in losing money".

So, I thought I should throw this question to the gambling community here, maybe I could draw some ideas from your ideas and contributions.

1. What exactly do you want from gambling? Say it, even if it's something you don't think is possible to achieve.
2. What steps have you take to see if you can achieve that which you want from gambling?

Or

Are you like me? Gambling with no sense of goal, direction?

Let's have a healthy discussion.


You just opened a can of worms man lol.

But in reality, initially what I wanted from gambling was fun, even when I was getting addicted, which is really weird. Hear me out, when I was introduced to gambling, it was with a group of friends who wanted to find something to do when we were stuck inside our respective houses, during the height of the COVID-19 pandemic. Eventually everyone had their own affairs to work upon, and I was left alone to gamble, and while yes, I gamble to gain the money that I lost all those times, I also chased the high that I experienced and long for back when I was still gambling with friends, which is just something that is pretty much nonexistent already.

So this is really weird, I am a gambler who always advocates for other people to gamble for fun instead of money, but essentially, I got addicted to gambling (and fortunately was able to snap out of it) because I chase the fun.
16  Economy / Gambling discussion / Re: Have you lost the money that you where supposed to withdraw from online casino? on: June 10, 2024, 10:10:39 AM
The site did not make you lose the money, you did so by playing again which was preventable. There are often examples of such mistakes committed by the experiences of gamblers. If you are in a net win situation even after these losses then good for you.

If you are not, then consider controlling your urgent to gamble because it was this difficulty that you faced which you could not overcome and thus the loss.

Being able to control the urge is important here and if you are able to do that, you will find yourself being able to control the gambling habit better.
Here's the thing my guy, the OP lost his money because he was barred to withdraw money for 24 hours, something that you won't experience in any other casinos on the planet (I have tried at least three reputable casinos in my whole gambling journey and haven't experienced such a thing even when I was withdrawing money one after another) and that my guy is a massive red flag from the casino's part already. You can argue that the guy is also at fault cause he lost patience and played his money out instead of waiting the whole restriction period but in my opinion, he wouldn't have lost his patience and played his money if not for the restriction itself, and dare I say I think that's the whole intent in this whole charade.

Goes to show that you need to be more vigilant and be more keen in discerning who was in the wrong and who was in the right, you can't just blame the guy because he lost his money, I think the casino explicitly barred his account from withdrawing money for this very reason.
17  Economy / Gambling discussion / Re: Have you lost the money that you where supposed to withdraw from online casino? on: June 10, 2024, 10:00:59 AM
My little experience today, earlier today I was gambling with one of these online gamble site then I was very lucky that I won so much money that's up to $500 with an initial amount that's it not up to $15. However I didn't win the whole money on one stake, for instance I won $200, I only withdraw $150 and gamble with the remaining $50. So that was how I was doing untill I won a lot but didn't withdraw them at once, I withdraw up to 4 times from my online gamble account and the fifth withdrawal wasn't successful and they said I have to wait for 24 hours before I can continue to withdraw the money, so while waiting I gamble and lost the money I was supposed to withdraw, so have you experienced a thing like this from any online gamble site that make you to lose the money that you wanted to withdraw?
That's kind of fucked up honestly and you should probably write them off a bad review cause that's a textbook sign of funds hostage, an illegal tactic that some shady casinos employ to make sure you can't take out money that you wanna withdraw from the casino. Would be even better if you could put out their name out here so people could check whether they are playing with the same casino and share experiences with you, at least confirming whether this is a one-off thing or if you are not alone.

Next time, I would highly suggest playing in casinos that are already reputable with no history of backlash and complaints from the public, so you don't have to suffer issues like these. Many gamblers here lose the money that they were supposed to withdraw, various reasons included, but definitely not like what you told us about, that's just plain scam.
18  Other / Off-topic / Re: Is it possible to inherit a gambling debt? on: June 10, 2024, 09:44:35 AM
The high rate of gamblers who take loan for gambling purposes is quite alarming, and most of them are fathers to kids. Most of them don't end up taking care of their debt before passing. What happens to the funds, when the lender comes for his money? It's quite a tough one for a person who isn't a gambler to inherit a trouble from a gambling dad. Such things also increase the anger of the society on gamblers, because the addicts are, also, good at extending their problem gambling to other close relatives. Could it be talked through in the law court?
In the law the kids or any paying relative of the deceased will be required to pay the deceased's debts, based on certain stipulations that is. However, some courts of justices either forgive the loans due to the nature of the situation that the bereaved are put into, or just take out the interest and have the mourning pay the capital amount. It's just how the way works and an even bigger reason why people with families should be on the lookout with their gambling behaviors, cause we have no way of knowing when and how we'll die here on this planet, we can only prepare ourselves and our loved ones for when it does happen, and if you're out here ruining your life knowing you got a wife and kids at home waiting for you then let me just say you're a horrible father and honestly speaking, they'd be better off without you than have you around them and experience life with a subpar partner and parent who's got no regard for the future of his kids cause he'd rather gamble his life savings than prepare for when he has to leave his family.
19  Economy / Gambling discussion / Re: Religious leader barred from casinos because of big wins. on: June 10, 2024, 09:34:59 AM
Archbishop Emmanuel Mutumwa, who is the leader of Johanne Masowe eChishanu Apostolic Sect has been banned from betting in local casinos because of excess wins. His current win was about US$30,000 and these casino operators fear that they might go bankrupt if he continues gambling with them.

But the acclaimed prophet claim that he receives winning games from God through vision. He further stated that with his numerous wins, he has been able to pay school fees and start businesses for members of his religious organization. While other religious leaders perceive his actions as sinful, he thinks his wins are an avenue to be a blessing to the needy.

Do you think a religious leader should be involved in gambling? Do also accept his reason for engaging in gambling?  Are these casinos right to ban him from gambling?

Reference

Bulawayo prophet gambles, wins US$30,000 banned from casino

God’s Chosen Gambler?: Bulawayo Prophet Banned From Casinos for Winning Too Much
Are we like living in a fucked-up post-scientific revolution phase of the dark ages? Cause no way in hell the catholic church would allow someone like him to be at one of the highest seat of power in the Christian Power Hierarchy and still be able to gamble like crazy, regardless if he's winning or losing. People are getting ousted for the littlest things in the Roman Catholic seats of powers, a few weeks ago a UK priest was kicked out of his convent and stripped of his title as a priest cause he misappropriated his church's funds for powerups in candy crush. And here we have an Archbishop that is eagerly playing their shit and is even getting banned in casinos because he wins so much. Weird times man.
20  Other / Off-topic / Re: Does addicted gamblers only lose money all the time on: June 10, 2024, 09:20:24 AM
I feel so bother and that is why I decided to ask this question.

We keep talking about gambling addiction and how bad it is to become addicted, does it mean that addicted gamblers lose money all the time? Do you means those guys doesn't win anything at all? Can they not be lucky to win jackpots?

On this board, we are always referring addiction as a terrible thing but does it mean that those addicted gamblers doesn't win money, are they only bounded to losses upon losses?
The thing is that every gambler, even the good ones, lose all their winnings every time, but the funny thing about gambling addicts is that, they lose the money faster than any clown on the planet, even faster than an average gambler, even faster than someone who bets quite wisely and is not losing money over trivial things.

Even sadder, gambling addicts don't lose their money on any other stuff than gambling, some of us here can cash out their winnings and probably take their friends, families, or themselves out for a quick dinner and getaway, some of us may indulge between having fun or getting gadgets and other stuff, but these gambling addicts will always lose their money to gambling and nothing else, which makes these people even more desperate and hooked to gambling.

So it's not really about who loses more money than who, it's about who can make the most money out of certain stuff and gambling addicts just lose theirs in the most unproductive ways.
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