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1101  Economy / Economics / Re: How to save money and beat up inflation rate? Options please! on: July 24, 2020, 03:43:48 PM
In order to save money  I am using the economics formula that I learned from my highschool teacher and the formula is " salary - savings = expenses ". I actually find it effective in saving money for years. But this saving has nothing to do to beat the inflation I think. We cannot control the inflation. Maybe we can beat inflation in a little way if we buy more goods before its price increases.
This is what always insurance company has been discussing and highlight of the saving money effect on their insurance. This could be great actually but knowing savings could still be affected by inflation rate and none of this will has a higher chance in gaining because in insurance they offee great benefits but in claims I do not think they can offer good to it. Besides some insurance company were changing their business name from time to time to scam. Yes, there are many here in our place that are good in inviting.and collecting funds but when it comes to accessing benefits, they aren't that generous like you have to comply a lot of requirements before one can access the benefit.
1102  Economy / Economics / Re: Investing in Life Insurance using Cryptocurrency on: July 24, 2020, 03:38:14 PM
When you have lot of money which you got from your investments you won't actually need a life insurance to take care of your family.

True that, but majority of us are just employees, we don't have a lot of money, we rely on our job so we need this kind of security.
In reality these kind of investments keep most of the people in the middle class limit so they need to rely on every pay check to run their family and willing to spend money for something which might helps if we are no more.
Probably yes and most of us here probably an average income earners. I am interested in insurance actually especially in health insurance with claims and benefits for patronizing it over a period of time But then, I was doscourage by my co-worker due to the fact that some of the insurance company will change their name after the collection of money and then run away. I had seen most of them bringing good names of insurance company internationally but still they could be fake and just claim that they are part of that big insurance company.
1103  Economy / Economics / Re: returning to normal on: July 24, 2020, 03:33:24 PM
Well my side in regards to new normal is a little bit agree to the possibility that the pandemic has an irriversible damage that can make or it could also be that all things will go back.to normal before the pandemic happen. There are so many things that could happen and all of it are the possibilities. The advantage is that we can do preparation and there still time for it to prepare like everything will become worst. However, let us all be positive that all things well go well after the pandemic.
1104  Economy / Gambling discussion / Re: Limited escrow service for building self discipline. on: July 24, 2020, 06:12:53 AM
I can stop playing gambling whenever I want because I know that in gambling, the emotion will take part, including greediness, because of winning the games. But maybe that can help other members who need help from the escrow agent or members who use too big money to gamble. Make sure you can select the recommended escrow agent to handle your money.

Not all people can control themselves just like we do. I can also limit myself from those overspending of money in gambling because I only see myself releasing my stress to it.

Escrow can really help a lot of gamblers who are struggling overcome their addiction.

I don't really believe in the idea of "you can stop gambling immediately" without even looking for another source of entertainment or someone/something that will hold your money. Obviously if you are a gambling addict you will not control yourself easily from spending another money. So I think, escrow will guide most of those gamblers to stop and prevent themselves from wasting huge amount of money.

No it work yet you know that you can alter out your decisions from time to time and since you do know that you do have still money left on your stash then you will probably using it up and claim it for you to use.
This is why its somewhat useless if you do  have this kind of arrangement on where you do look up for some escrow to hold up your funds.Just like what others mentioned that this kind of service is not needed.
You do have the full control and if not then you will surely learn up from your mistakes as simple as that.Also you would need to pay up for such service which do really sucks.
Just think of a way how to control these emotions. I know it is very hard but I think it could be helpful to see other things that might alter your interest and to minimize your addiction in gambling. In my case I have my pet, a dog and usually I need to take care of it so my time couls easily pass by hanging with my pet. This has been able me to minimize the addiction though in gambling. I had also seen that my resources are being save due to the loss tha has been minimized and put to good use as my wife suggested. Happy to see those things that made me realize that addiction is really a problem when it will be gone to worst.
1105  Economy / Gambling discussion / Re: Sports betting biggest winners. on: July 24, 2020, 06:08:11 AM
You need extreme luck if you want to win big money from small bet, but if you are building your bankroll and bet on games where chances are good then you just need to be consistent in order to win most of the time. Apparently, gamblers loses more than they win but there are also gamblers who are exceptional than they can win in the long run, so that should be the target, it's not impossible so it can be achieve.
I am not sure that if they can consistently win most of the time as we know, that those games will need to have luck. Besides that, they need to have a good source that can help them choose the right team. If they can select the right team, that will help to get the chance to win. But they can not always expect to win from every match because sometimes, the situations will not happen as what they expect.
Definitely all can do the to analyze on how to select a better team of chances in winning. There are considerations to make of course and that is how the team plays vs. other team plays. In comparison you can expect how a team could be advantage on their plays to which could give you insight on betting. The selections of a team before betting should also consider past games analyzing their weaknesses and stregths and to find out which team would really go out and become successful in winning.
1106  Economy / Gambling discussion / Re: ask]; Start betting on horse racing gambling. on: July 24, 2020, 06:04:23 AM
If you want some tips on how to win in horse racing, you should watch and look for the match history of the horses that will race on the recent date that you will bet on because looking in their match history will give you an idea if it is a good horse to bet on. Unlike other people who bet in horse racing, they only bet on the horse with their lucky number that it is unfortunate for them to win.
I think you should be able to ensure that you have seen the history of the horse being used because by looking at some of the previous games you can find out that the horse rider always wins, so keep an eye on the steps that have passed before you do sports gambling.
Of course the mechanism to win the race is not really the rider instead it is the horse. The rider may be good to tame this horses so as to familiar on how it could run fast or strategic turning in the course. This is how the riders will do for a better and faster way to ride the horse.

Anyway, I know that these sports is one of the biggest bets thay could ever make in every race. This is one of the oldest racing sports in history and still it is alive and kicking.
1107  Bitcoin / Bitcoin Discussion / Re: My Question to Crypto users about its security on: July 24, 2020, 05:59:43 AM
I have no question regarding the security level of Bitcoin for now, except if you handed over the private keys or mnemonic phrases carelessly to someone else or a third-party source. But BTC isn't perfect yet due to the quantum threat. There must be some sort of ways for Bitcoin to switch into quantum resistant blockchain or something like that. But who knows? We will see that outcome in the future though.
Two factor has already been introduce accessing online wallets need a confirmation on a device or to email before it can proceed to transaction. However,  private keys may drect to the wallet so this is one of thr crucial way to open a digital wallet. If it will be disclose to anyone or just being skim by a fake website then pretty sure it will be the end of crypto holdings. So, one must careful on fake sites that even their sites had the same as with the original web address so one must be keen on every letter or symbols in web address. Better to bookmark a site instead to direct the site once wanted to access.
1108  Bitcoin / Bitcoin Discussion / Re: The Future of Bitcoin Technology. on: July 24, 2020, 05:44:21 AM
Truly, it has been said that we should create the future we want to see. In order words, if you want tomorrow to be great, then start working on it today.
Well future had evolve so fast because of the new technology that is greatly help of the development. Innovativeness is one key tool to a better and greater future.
2.The future of platforms, systems and institutions is decentralization and not centralization.
I think there is no.absolute decentralization. Actually government are centralized yes but not all system in it. Decentralization is still part of it like decision making. The barangay level can assess and decide on its own if it is under the jurisdiction and controllable situation.  Only when they call or ask for help if duties and responsibilities are bound to their capacities.
3.The future of contract is smart contract and not trust contract.
Yes, this could be greater so that every transaction and budgeting will be transparent through blockchain but pretty sure government will not allow this because they can't earn from corrupt practices.
4.The future of money is crypto and not fiat.
No I think this is wrong. Fiat is still there as a back up fora digital or cashless society to which it is now happening. But still fiat serve a good use nowadays and even the last many years ago up until now.
In your own opinion, what will be the impact of this revolution to ;
1.The governments.
2.To business.
3.To Individuals.
4.To World bodies such as IMF, UN, WTO etc

There great changes that could be done in the lists of instution but sad to say that it could not be integrated for now. It is a big problem also that the more technology we use the harder the scammers will get caught as they rely on technology too to which tracing woulf be more difficult than the physical tracing.
1109  Bitcoin / Bitcoin Discussion / Re: Bank of America now treats BTC and ETH as Cash on: July 22, 2020, 12:04:37 PM
You don't even include the source, so I think it's not a legit information. I dont know that it would be okay to treat crypto as a safe cash because of its volatility. Imagine if you are going to use your bitcoi to purchase things you want but you have to wait first for the bitcoin inflation before you purchase it so you wouldnt lose huge amount of money. There would be no bitcoin user that will spend their assets when the price of the bitcoin is low because thats a big lost.
This is what I have also in my mind that there should be a news or blog that could support this claim. Pretty sure US government will likely to contradict in this because bitcoin or cryptocurrency is not yet been approved by the government and it is up to the community to use it like a cash.

Well, most of us here are hoping that one day btc will use and treated as cash. It is good to have choices rather than just using fiat currency alone to do all the exchanges between products and services.
1110  Bitcoin / Bitcoin Discussion / Re: Do we need bitcoin? on: July 22, 2020, 11:59:48 AM
Yes of course,especially during this pandemic bitcoin helps us a lot by transacting through online that we no longer need to leave the house, and nowadays it is safer to use digital currency compared to fiat. Not everyone believes in the ability of bitcoin but i'm sure that due to it's continued development over the time more people will likely to use it.

But unfortunately, not many local stores or online stores accept bitcoin as the payment, and they still prefer to use fiat, which converts into debit or credit card. Sooner or later, people will see bitcoin's ability, and they will use bitcoin as we did. But to be used as the payment transaction, bitcoin needs to be legalized by the government, so people will not be afraid to use bitcoin.
The community has different perception on bitcoin. Other may percieve it as digital currency while others it is a form of investment and sometimes both. Well yes, bitcoin could be use to buy for commodities in other areas but for me it is hard to use btc as medium of exchange like buying goods, products or services. This because of bitcoin market price volatility. Most of the business owners had set their price rate and fix profit to which enables them to earn gambling it using bitcoin may loss them in their profits.
1111  Economy / Economics / Re: Government+cryptocurrencies on: July 22, 2020, 11:49:47 AM
If governments adopted crypto currencies then more people will buy bitcoin which will dilute the bitcoins from huge holders which will eventually make their manipulating power less gradually.But government really care about the value? to save people from the dump.
Suppose you are a big bitcoin holding and if you are not willing to sell your coins how can that dilute the coins from your hands to others who are willing to purchase. Since the supply is limited and if there are more buyers than sellers the price would go up and that is the whole point for anyone to hold the coins much longer, adoption from government means regulation and taxing everyone who make a profit and it will get rid of the fake exchanges and other shady practices.
I do not think that this is the purpose of government holding cryptocurrency because as wha you pointed out that they all wanted it for taxing. There are ways that it could be done by the power of the government. As we all.that government can easily set rules and regulations for these. But for now it may seem difficult to accept due to the fact that it contradict to their system being cryptocurrency as decentralized system. However, if goverment can make their own cryptocurrency then higher chances it couls eradicate corruption because all transaction and expenses from.the government fund will be transparent through blockchain tech.
1112  Other / Beginners & Help / Re: Please help me. on: July 22, 2020, 10:08:21 AM
Is there any way you can lessen the monthly ammortization of that debt? Like to extend the terms of payment. I know it is that hard because I myself also had loans but you were a bit better than in my situatio because you can still have 400 usd a month to which if that will be converted to in our place that is the average earnings of public school teacher.

Changing lifestyle will help one to save. This is what I have done after having a loan in the banks for buying a property. And do not think you can earn here fast and easy using cryptocurrency. There is no way for that here to happen. Read first the forum rules and regulations (the pinned post above) and at least obtain first some merits.
1113  Other / Beginners & Help / Re: Seeking help to post images on: July 22, 2020, 09:56:23 AM
You will need to buy a copper membership: https://bitcointalk.org/index.php?action=credit;promote

Or you will need to wait for at least to be a Jr. Member which will require you at-least 1 merit point and over 29 activities I guess.
He mention that he uses his other accounts to post an image. So probably the account has higher rank and able to post image or maybe the user was talking insert avatar in his account which required size for it. Another thing is that why use this account instead of the other one OP mention. It sound suspicious probably the account was bought. Anyway there is no rules violating for a bought account but it is discourage due to scammers using hack accounts and sold them here.

Well there are good users here that could determine and provide you the help you seek.
1114  Economy / Economics / Re: Goverments creating digital currencies - Threat or Opportunity? on: July 22, 2020, 09:25:07 AM
China has already made their system promoted by one of the richest guy in China regarding on cashless society. If china government want to have a cryptocurrency own by government then this mean really good. This can be used to pay bills or for government transaction. Besides it will eradicate corruption for all government expenses will be through cryptocurrency and all transcaction will be public through blockchain. This will minimize the under the table negotiation among corrupt officials in their government.
1115  Economy / Economics / Re: Korea proposes 20% tax on crypto trading starting 2021 on: July 22, 2020, 09:20:54 AM
At least that Korea started to embrace cryptocurrency. There is a high chance that it could be integrated to other services.

 Here in our place cryptocurrency is still not that known though it is already integrated. Their is an app already with crypto available to buy. It has been put to good news like being able to pay bills, buy pre paid load or for internet connection and could be also use for trading if one want to do it by himself.
1116  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: July 22, 2020, 09:14:34 AM
1.7 ML for Lakers is a very good odds for now if it is still available because of the news that Patrick Beverly will be leaving the bubble to attend family matters. If only the odds for that game is available on my bookies i would exploit that one, not a sure win though but at least it will give some advantages to the Lakers.

Huge blow for Clippers ahead of scrimmages as Patrick Beverley leaves NBA bubble
With or without Patrick Beverly for clippers my bet will still goes to Lakers. This because I have trusted the line up and Lebron is also there that could carry the team. The lakers now is one tough team for having a good line up with inside and outside players. This is what the coach wanted I guess for letting lebron having his old shooter friend like green. Other than that inside players like Davis can get the ball if ever 3 pointer ball will going to miss. The best part is that 3 pointer could confidently throw 3 point ball game because of good rebounds they can get from the team.
1117  Economy / Gambling discussion / Re: Vietnam bursts an illegal casino who used to handle bets worth $3 billions on: July 22, 2020, 09:03:56 AM
The most negative side effect of all this is that during such machinations the level of corruption in the country increases at the highest levels, which further spreads to other spheres of government.
Even developed countries face this, but in less developed countries it is a much more serious problem because these countries themselves are poor and the living standards of the population are low.
In the developing countries, there's more under the table than following the regulations. Some officials show that they are the law and don't have to go that far because they are scaring their subordinates and show how superior they are.
I think that process won't be changed if the officials are benefiting on it. That won't stop unless there's a higher official that want this to stop.

So, this is now one of the disadvantage of having an online casino. The safety of the gamblers on their deposits could be compromise. However, there could be some ways that these could be prevented. But in my case it would be good to join a good gambling platform that are establish. There is lesser chances that events like this could happen. At some point, the platform of an establish online gambling casino were being tested already by the users and it will be lesser to encounter errors in technical aspects.
1118  Economy / Gambling discussion / Re: BetBit Casino Gone? on: July 22, 2020, 08:54:06 AM
I use BetBit Casino quite frequently. I have known the site to go down at random times and come back after a few hours.

It has been down now for 2-3 days and I am concerned it's just gone.

I had about .3 btc on there so it would be a shame if I lost that.

Does anyone have any information about this?

I'm sorry to say that your holdings might be real gone. It is just unusual for a gambling platform to simply shut their system while they hold other people's holdings. It is indeed a scam if so, in which is proven with such facts that they still haven't announced anything that regards to the matter. If I were you, better pick or focus on certain trusted and long running online gambling platform to lessen those accidents.

But afterall, why BetBit? There's too many casinos that are better than that.
I think you have already news in regards to the update of Betbit. If betbit had a problem technically in their platform usually they will made an announcement. In this case if they are now silence then probably they were still probably discussing if there are dispute in their organization.

Pretty sure there are other users also having that holdings in that platform that are worried. However, this is part of the risk that one should consider before doing a deposit. If it will be lost then we do not have choice but to accept it. Other than that there were no regulations for now for cryptocurrency violations like this and probably it will be difficult to trace the organizers if they will run away.
1119  Economy / Economics / Re: Investing in Life Insurance using Cryptocurrency on: July 21, 2020, 07:39:53 AM
The above points are much more helpful in ensuring the benefits of blockchain technology By verifying these we will be able to manage the insurance side better Crypto is a good platform for long-term investments. They are more prone to fraud in insurance There is no long-term guarantee The customer is much harmed But in the case of crypto there is a lot to believe that even if the price goes down it will go up again.
Both are risky actually but insurance also offers good benefits like if being a member can use the medical benefits, travel benefits or other ways that an insurance surely offer. In most cases it is medical insurance because many are aware that it is costly getting sick nowadays. Hospitalization is one of the highest expenses that one may spend.

In regards to crypto this may beat up inflation rate as it seems that time passes by coin market price goes along with it too increasing its market price though still risk is present because it can go either way up or down in terms of market price.
1120  Other / Beginners & Help / Re: Chance to earn Merits for newbies on: July 21, 2020, 07:34:41 AM
What you do is very important and useful for all beginners. When I was a beginner, I gained some merit points with a post similar to yours, and I hope I can create a post in the future with which I give some Merit Points to beginners. Good luck my friend
4 merits to go and you can rank up to full member. If there are merit source that could see this then probably they can give you some as to continue your journey here in the forum. If I were merit source then definitely I will be a reason to give you chance to get promoted. Anyway, goodluck on your journey pretty sure it would be easy for you to rank up. I guess you came from India basing on your writing scriptures, or probably from middle east. i am not sure the kind of writing scriptures just a guess.LOL
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