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1201  Economy / Gambling discussion / Re: Live casino over provably fair games. on: April 22, 2023, 03:20:47 AM
I don't know why but i mostly lose on provably fair, when  start betting then some times the graph stay green, after betting some more bets it become red and go straight down, draining my balance.

and in provably fair once we lose more then 10% of balance then, then we start to revenge gambling to recover our loses, while recovering we are unable to think by waiting some times, we think like my profit is only one click away, then clicking and clicking then increasing bet size and blowing account.
I know this case is not for everyone, but in gambling most of players comes on that phase! we can not control and wait and think to recover that loss tomorrow because we can profit in just a one mouse click.

while in live casino, like playing roulette there is 15sec gap in every spin, in that 15sec i can think something, or sizing bets and close my gambling session for that day. 
and also live casino's dealer is front of me i can see we are cheated or not, but i don't know if they use rigged roulette or not.



For most gamblers a live casino is probably the best chance they have of scoring a decent payout, at least in comparison to more algorithmically calculated systems like slot machines which have computer code that can manipulate play based on prior actions (even those by other players). You should always try to understand the percentage of a house edge that is involved in each game, because it will definitely help to keep you grounded if you are able to play in a more controlled manner.
1202  Economy / Economics / Re: Corruption Should Be Taught From Young Age on: April 19, 2023, 08:23:11 AM
In many nations around the world, corruption is a serious problem. It is regarded as a weapon of mass destruction that has greatly damaged several nations' public and private sectors.
Several of the factors that contribute to corruption are listed below:

(1) Government size and structure
(2) Political system and democracy
(3) Institutional quality
(4) Economic freedom/openness
(5) Civil service wages
(6) Justice system, press freedom, etc.

In addition to all of the aforementioned factors, I believe corruption in society can be combated at a young age. This means that students should be taught about the negative effects of corruption in society and how it may influence them in the future, outside of the classroom.

When I was a student in the university, I recall that some of my fellow students who were given leadership roles in school organizations embezzled thousands of money into their own pockets. By this, I mean that some of the expenses for improvements to the school that benefited all of us which was mandatory to be paid by every students. Imagine if they had been exposed to millions or billions of money instead of only thousands of it at the time when they embezzled the money, I’m sure they’ll still embezzle more.

Most times, people like that are frequently given the opportunity to serve the public in elected office. When exposed to public finances, a person with a history of embezzlement will always find a method to make off with large sums of money. Before becoming a fully corrupt leader, everything starts in school at an early age. At that point in their lives, a mature individual who has corruption ingrained in their system will find it difficult to let go of it.

However, I believe that if the problem of corruption can be addressed at a young age, every country's degree of corruption will significantly decline in the near future.


Corruption is one of the biggest reasons that some countries are successful and others stuck in a constant quagmire. No country is completely free of it, but all politicians and government institutions should constantly be thinking of processes that can be improved when in comes to transparency. Corruption adds so much friction to the whole economy, it makes it harder to complete business, makes honest people avoid or reduce their activity and prevents progress entirely in some situations - for the benefit of very few.
1203  Economy / Gambling discussion / Re: Why do you favor betting on spesific sport? on: April 19, 2023, 07:56:17 AM
I am just curious to know why people favor one Sport over another, when it comes to betting? Is there specific Sport that increase your win chance or do you bet on those Sport for other reasons?

I know most people will favor certain Sport, because they know more about the players or the teams and information is power, when it comes to betting... but some Sport are 50/50 when it comes to the outcome of the match. (One lucky punch or kick can make a underdog a champion)

Please share your thoughts...  Tongue

I definitely prefer to bet on sports where it is more of a binary outcome, like football where you can place a win or lose/draw bet. It's the mentality of getting rich slowly if you pick correctly and don't get too greedy. It's just far too easy to lose money on things like a 16 horse race, where the odds look really attractive but random bad luck can regularly prevent the favourite from winning but good luck picking a long shot too! eSports can be quite fun and lucrative if you follow the players closely.
1204  Economy / Economics / Re: Germany surprises everyone, the economy keeps growing on: April 19, 2023, 07:52:30 AM

As I said above, this doesn't mean that the EU will avoid a technical recession completely, since Q4 is always a slowdown, taking into account inflation and demand destruction we might still see a recession, I'm actually convinced there will be one in Q1 2023, but every single analyst out there no matter how negativist he is about this has slashed the decline numbers, from the worse -1.2 were slowly hovering to an average between -0.6% and -0.2% and not a single source is mentioning a decline in the whole 2023, as overall the economy will reverse the start of the year trend and still grow. Not as fast as predicted at the start of this year but not doomsday either.

So everyone should be happy, another apocalypse is being avoided, the economy works, employment is at record levels, people still have money, and people still afford to buy bitcoins, what do you get if you preach all day long about collapses and recession and bankruptcy?


Germany has always been the powerhouse of Europe when it comes to manufacturing so it's understandable they would be doing well now after COVID and resource issues from Russia's war on Ukraine. The gas and oil situation has stabilized and means they are able to focus on the economy again. They do have a very efficient, resourceful and innovative way of thinking plus the whole economic framework to back it up. It's good because they can help pull the rest of Europe along in improving, some countries in the group do slack off a bit or have possibly too generous social programs.
1205  Economy / Gambling / Re: Looking for paying online casinos for refer on: April 19, 2023, 07:33:59 AM
I started earning money online before crypto through affiliate marketing and other, I still have my tools and I feel like taking the next step to crypto and online casino, I am looking for list of online casinos that pays people for referring other people even if they have to make deposits first, what is important to me is finding the highest paying ones as I have ways of promoting that I believe will not fail me or waste my time, also is there anyone into this type of side income thing? What type of  Smiley advice can you give a dude like me?

Almost every casino and sportbook will have a separate affiliate section that probably isn't linked or heavily showcased on their website. They will run refer a friend type programs for the average user and hide the larger advertising reward business from them. Search Google to find the affiliate program for each site. You'll have a lot more success if you can show something like a prebuilt casino comparison site with their profile and lots of other content - they get hit by fraudsters a lot so they need to know how you'll legitimately drive traffic and earn money.
1206  Other / Off-topic / Re: How much is good to start a supermarket? on: April 19, 2023, 07:28:28 AM
If someone wants to start a supermarket business as economics graduates and has passion to own a supermarket business, what amount will advise the person to kick start up? Or what do you think are the most challenges to own a supermarket business?

Mostly scared of insecurities about it because I have always observed cases of robbery in superstores but this is not a challenge to worried about then what amount will be considered for the business? Let me hear your opinion

You are adding "super" in front of it to make it seem better. You're just on about starting a normal retail shop with a much smaller retail footprint than a supermarket or super store. Supermarkets did spawn from these smaller shop experiences many decades ago, but it is very expensive to run such a large store - you need lots of stock (some of which will be food with an expiry date), security, staff to do lots of jobs and a logistics chain to resupply. $10k will get you absolutely nowhere in places like the EU or USA, at best 3 months rent and taxes (most property agents will want to sell a year lease minimum)
1207  Economy / Gambling discussion / Re: About football betting on: April 18, 2023, 08:44:52 PM
Correct me if I am wrong

I am not a football fan and any form of prediction is still a gamble to me, but I have gamble on few different online casinos and I believe that gamblers on casinos gambles with the casino games, meaning it's between the gambler and the casino, but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?

This makes it more cleaner to me, there will be no tampering of the system or fine tunning their games to make gamblers loses more than they win.

Can anyone confirm if this is right? Or wrong.

Football does have many more binary - simple win or lose - bets than many other sports out there. You've got things like Double Chance, Both Teams to Score, Over / Under Bets, etc. However you should also be aware that the bookmakers bake a nice buffer amount into every bet, so if they calculate the win odds at 1.2, then they will be selling you the bet at 1.25 or 1.3, but it will stay competitive across the sportbooks - another way to look at it is their margin of error. They are very good at predicting bets over the long run, otherwise they would not stay in business for so long, but there is definitely more potential to earn money from these sort of bets because they do not have control of the end result like casino games.
1208  Economy / Economics / Re: Why America Can Be The Biggest Economy In The World? on: April 18, 2023, 07:54:25 PM
In this thread, I want to discuss the story of a country that for the last 100 years has succeeded in becoming the largest economic power in the world, especially if it's not the United States. even though about 150 to 200 years ago the American economy was nothing when compared to, for example, the British Empire, the Chinese empire and also the kingdoms in Hindustan, but only in a short time, the current American country could become a giant power in proportion to GDP (Gross Domestic Product). reached 24% of all GDP in the world.

right now even if for example compared to other countries, America is 20 times larger than the GDP of other countries, even the number of financial assets in America in 2021 then covers 28% of all financial assets in the world. in the same year, now entering America's natural wealth, it has the second largest natural resource in the world with a value of 45 trillion dollars which includes coal, natural gas, copper, gold, wood and many more specifically with gold America has the largest gold reserves in the world. world today, namely 8,133 tons. this gold reserve of America's wealth does not include its vocal vocal industry like Hollywood and also the music industry and also the technological empire that almost monopolizes access to information technology around the world.

So the question now is why did America become such a big economic power? even though if we look at the history of America 100 to 200 years ago it was just a nomadic colony which was a runaway from the Europeans so at the beginning of their independence in 1776 the American people were still very far from the word prosperous, most people in America needed to fight to fight against the ferocity nature and winter even fought against the local population to be able to survive everyday with a GDP that was only 2% of the world's GDP at that time. The United States is by no means considered a force to be reckoned with. My question is what are the factors that make the United States the largest economy in the world?

It's a huge topic and probably too much to cram into one reply, but they came up with the right set of ingredients to grow businesses. That involves having a relatively wise set of politicians, an independent judiciary that can stand up to the huge corporate forces that are often trying to undermine it, an education system that is constantly evolving over time, a relatively open religious environment and investment in infrastructure that supports smooth logistics movement through the country. All of that helped them to create the reserve currency that the world relies on as well, which is very useful for applying pressure elsewhere and greasing the wheels of trade to their advantage.
1209  Economy / Gambling discussion / Re: Sports betting vs fantasy sports on: April 18, 2023, 07:50:06 PM
Both are skill based yet former is considered sheer gambling while later is not. Fantasy sports has become norm, while on the other hand if people come to know that you bet on sports you'll be met with eyebrow raise.

^ that's my opinion. What's yours? Do you consider both of them same or different?

You need to perhaps define fantasy sports, because some people define it differently and even casinos try to blur the lines in order to get more money in. You are probably talking about virtual teams that people have put together and you take the statistics from different players to calculate who would have constructed the best team based on key metrics they perform throughout the season? As opposed to the garbage games that casinos create which are meant to replicate sporting activity, like virtual horses or even virtual football games, which just run to some predefined algorithm that squeezes reasonable profitability out for them. Sports betting certainly feels like it has more charm and relies on analyzing what's relevant on the day.
1210  Economy / Economics / Re: Should you save, when you are wealthy? on: April 18, 2023, 07:34:05 PM
Everyone who wants to create a fortune has a long way to go, first we need to learn how to earn, save and then learn how to make money work for us. Someone creates a business for this, someone is looking for investments, but the essence remains the same, we earn, save and increase our capital.

I'm wondering how long we'll need to do the savings? Who has already reached any significant level, are you still saving, or you can afford to live without any financial restrictions?

I have just started taking steps towards achieving my well-being and it is still very difficult for me to understand how I can achieve my goal and become a wealthy person. The thought that I will have to save for a long time now seems difficult, will it not tire me, will I be able to go this way. I already have some bitcoin and I like the feeling that I own something of value. When I manage to save some money, I buy again, but this is not permanent because I do not have a permanent job. Sometimes I want to buy new sneakers, and I decide to buy or postpone, sometimes I doubt if I'm doing the right thing, maybe I should provide myself with everything I need and save only what remains, if left.

Probably now I am thinking that I would not like to save all the time, I would like to reach the level at which I would be a wealthy person and I would not have to worry about money, but I have no idea when I can achieve this.

The headline of the thread is a bit of a weird thought. The majority of those who might be considered wealthy have worked their way up and earned it, at least you would hope, so they've learned the true value of money along that journey. They will definitely have a small pot of savings, readily accessible and "liquid" cash, available to them - or at the very least they know they'll be able to sell off some assets quickly, whether that be gold or stocks. The vast majority of wealthy will have their money invested in the most reliable generating asset around, the stock market, which for centuries has been putting money to work inside companies and paying out the owners (shareholders) when the profits roll in.
1211  Economy / Gambling discussion / Re: Why we should play on minor gambling platform? on: April 17, 2023, 09:09:44 PM
Hi there guys,

Since I've seen what happened to Coinplay, my question was: Why we should play with minor gambling platform, and not use only gambling platform like Stake, CloudBet, fortunejack ecc. which ensure us good games, 100%

of safety in terms of withdrawal and provably fair (about games)? This question is also for the owners of gambling platform, maybe they can help to reply it.

Even the biggest sites have taken the occasional hit, none are absolutely immune to disaster striking, especially because they are huge targets with massive amounts of cryptocurrency that is easy to spirit away to wallets where they cannot be retrieved. However you're right that it is generally better to stick with the largest gambling sites, as they have the biggest budgets for proper security staff and software needed to protect against these scenarios. The only reason you might want to stray into a smaller site is if they have truly come up with a unique and original idea that has not yet been mimicked by one of the larger sites, even then you should keep any deposits rather small.
1212  Economy / Economics / Re: War: who benefits and how! on: April 17, 2023, 09:03:52 PM
War is one thing that no society should engage themselves into as its effect is devastating and unforgettable upon generations. When two or more countries are warring it is said that there are other countries that benefits in one way or the other from the war as it prolongs and intensifies, especially economical benefits is one of such.
 The ongoing war between Russia and Ukraine which has been on for almost a year now and the effects of the war between these two is not only on the two warring countries alone but has gone so far as affecting the economies of many countries of the world that have no involvement or interference in the said war. countries of Europe are experiencing a fall short in gas supply, while those of Africa and other continent suffer from economic downfall as a result of certain products and services that are no longer in-coming due to the war effect.
With this Russia Ukraine war which the effect is felt in almost all parts of the world directly and indirectly, I want to ask are there beneficiaries to this war and in what ways are they benefiting from it.


When times are good, the rich prosper, when times are bad - they make a lot more money provided they have even the most basic investment plan. As we see, military industrial companies have made a huge swing back in the last year since the Russian invasion of Ukraine. Business had died off substantially, especially with the withdrawal of forces from places like Afghanistan and military budgets falling due to the perceived stability in the world. Oil and energy companies have also profited hugely off the more restricted sources available. However there have definitely been many losers in this scenario, like any foods that rely on grains because Ukraine and Russia supplied huge amounts into the world foodchain.
1213  Economy / Gambling / Re: How succesful will AI projects be to win the house? on: April 17, 2023, 08:59:52 PM
We are seeing more and more projects that are almost 100% built on Artificial Intelligence, like ChatGPT. Here are a few experiments that are linked between ChatGPT and gambling....

Do you think AI will be more successful to get a working gambling strategy to win the house... and if they do, what will be the impact on casinos?

Potentially if we get up to a stage where AI has up to the minute sports statistics available on all the different elements of football (one of the biggest sports attracting bets) then there is a chance it could potentially find value in comparison to the solutions that sport betting companies use. The best sport betting companies will already be using something at a similar level to this AI tech, but a few might get knocked out by arbitrage taking place if they're not at the cutting edge. It only takes a few points over many different bets that turn out correct by enough people for them to turn unsuccessful. However they have a lot of money to keep up and will most likely stay far ahead of even the most tech savvy people placing bets.
1214  Economy / Economics / Re: Maybe Not Possible For Governments To Get Off Fiat?? on: April 17, 2023, 08:48:22 PM
Maybe Not Possible For Governments To Get Off Fiat??

 Thinking that with the USA dollar as the main reserve currency, That would make it very hard for other countries to get off the USA dollar and other fiat systems if they wanted to.
Such as moving to a money system that has more limited supply.

More less to drop a fiat system altogether for the international business aspect for that countries exports and imports.

There would be or could be in my opinion consequences such as a possible war break out with in some case the USA before.
Now with China taking over some countries. If those countries dropped the Yuan for business, there would be serious consequences coming down from that,

For example I am in Canada. If our country here stopped the USA dollar altogether for the trade transaction between USA and Canada there be serious consequences, even if my country Canada the government dropped the Canadian dollar or any fiat system in the country and moved to a new system, like BTC or some non fiat money system on the national system. There would be very serious sequences coming back from other governments in other countries.

Would this be a case of intimidation from more dominate countries that is preventing other governments from wanting to change the financial system?

Thoughts?


In reality most "fiat" currency is just stored electronically anyway, the amount of notes and coins in circulation in miniscule in comparison. It's effectively much more advanced in how it is stored and manage than most cryptocurrency can claim to be - crypto primarily has the advantage that it is decentralized. In the end governments do this because it has been found the best and most effective solution to peoples inherent need to trade. It's nothing to do with whether they can "get off it", it does the job it's meant to do very well and the free market dictates the rest. Just like we saw a flight from cash during Covid, when there were less people out shopping and a bit of a stigma on passing around objects which could host the virus, the need for physical cash and the transfer to more online finances increased.
1215  Economy / Gambling discussion / Re: Gamble Responsibly on: April 16, 2023, 04:49:32 PM
There are many disadvantages of excessive gambling that we need to talk about, and I do hope that newbies who plan to start gambling will learn something from this thread.

Gambling is not for everyone, some people tend to always get attached to whatever they do in their lives, too caring, too foodie, too protective, all these comes with disadvantages too, because I believe that too much of everything is bad.

If you are someone like this, stay away from gambling.

In the Gambling case, it's a different story entirely, if humans can get used to drugs, alcohol, and other harmful things in this category how much more trying to make money off gambling?

It is easier to start dteaming about quitting your job one day and retire in your 30s, you know what I am talking about, those weird dreams that one never dreamt about when working in a company from 8am to 5pm everyday.

Here are some Negative effects of excessive gambling.

Too much stress
Anxiety and Depression
Debt
Making wrong decisions

And if all these is active in one's life low self-esteem is sure to follow, many people messed up their lives by gambling and they don't know when they start borrowing money, or selling off properties because of gambling until they have nothing left.

Thier families are the one who got caught up in the mess, imagine a family man that has a home to take care of ending up losing everything to gambling and start living a wrecked life, I have seen a lot.

Gamble for fun only, using small money that you aren't needing, and think about losing that money first, to make sure that you won't be needing the money if it's gone.

You mention people can "get used to drugs, alcohol, etc" but gambling works in much the same way. It is a habit forming behavior, which can be the same with drugs or alcohol, at least at the start - before you potentially become addicted to chemicals you might get from some of the worse drugs or dependency on alcohol. Habits can become very hard to break if you've been doing the same thing again and again for a long time. You need to seek out reasons to change and most importantly you need to abstain completely from the vice, there can be no half measures when trying to break free again. If you've reached the stage of addiction then the best cure will be to block yourself from all the sites and actively change your routine up.
1216  Economy / Economics / Re: How do feels losing money? on: April 16, 2023, 08:13:31 AM
Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

The thing to remember is that many people go through life and only truly learn after making mistakes. It's fine to make mistakes when it comes to business, provided you adapt and stop yourself making the same one again in future. The younger you are the easier it is to recover. You definitely need to stop yourself from being too greedy, but again this comes from experience - if you see someone offering 5% per year then it's reasonable, if you see someone offering to double your money in a month, it's likely to be a scam. You can do a lot of reading about red flags and what to avoid, but sometimes there are very manipulative scammers who can fool you or divert your attention to other things.
1217  Economy / Gambling discussion / Re: Times When Casinos Will Ask Certificate That You Are A Responsible Gambler on: April 16, 2023, 08:00:49 AM
Will there come a time when online casinos will implement that you upload a responsible gambler certificate before you continue to play because of too many government restrictions it's not necessary for newly registered gamblers but for gamblers who lose a lot of money and their activity is they are suspected to be addicted to gambling.
The reason why the government will implement this, as a precaution, is to protect people from losing their wealth and their health from too much gambling because of addiction, it's a way of protection.

This is going to become increasingly prevalent in the next couple years, especially with the big cryptocurrency gambling brands that currently exist. You can see that crypto is very much a target for different financial and regulatory agencies at the moment by the fact that two major P2P exchanges have closed down recently. They had been working well for over 10 years without a hitch but in the last couple months the two biggest ones closed down. It shows you the amount of power and influence that can be applied very quickly to even the biggest sites. If there is a change of mood or a politician needs an easy target then they are ripe for it unless they have all their documentation in order including KYC which mainstream fiat currency sites are all enforcing.
1218  Other / Politics & Society / Re: How Russia is surviving NATO-backed sanctions on: April 16, 2023, 07:47:10 AM
It didn’t take long after Russia invaded Ukraine in February 2022 for NATO countries to throw sanctions down on Putin's economy, all designed to destroy Russia and it's citizens like Venezuela, from transacting on the global market. The sanctions were the broadest and harshest, coming almost weekly, and severing Russia's link with SWIFT, sometime akin to Dvaid Trezequet goal against Italy in EURO 2000, a golden goal.How could a country so dependent on selling fuel overseas ever recover from that?
“What we’ve done to Russia over the last weeks has blown the top off sanctions,” Julia Friedlander, director of the Economic Statecraft Initiative at the Atlantic Council, told a magazine last March. A year later, Russian troops are still carrying out their SMO.
 It has been proven that sanctions are almost never effective at forcing countries to change their behavior. However, the fact that the Russian economy has fared far better than anticipated in the face of wartime sanctions is more surprising. In 2022, its economy shrank 2.1% — substantially less than the 10-15% some forecasters made when sanctions first hit last March
Why did the experts get it wrong? Or, in other words: How did Russia’s economy prove resilient in the face of such heavy sanctions?
According to a senior economist,  Moscow has been "sanctions-proofing its economy" since 2014, when Russia annexed the Crimea and faced its first round of sanctions. This involved shedding of external debts by companies and banks, subsequently diminishing their dependence on Western funding. Russian consumers experienced a severe pinch as a result of being suddenly deprived of imports during the initial weeks of sanctions. However, Russia quickly shifted its focus and began importing consumer goods primarily from or through China, Kazakhstan, and Turkey.

You look like a transparent Kremlin sheep posting propaganda and then disappearing back into the hell you came from. Nobody with a brain expected Russia to vanish or implode after sanctions. It has had a life altering impact on the average Russian citizen however. No more tourists with easy visits to their European neighbors, who have some of the best culture and sights in the world. No more fancy brands that have the best quality and highest tech. No more selling your oil and gas at full prices, just taking whatever scraps China and India will throw at you - getting pennies on the dollar. This is also hiding the fact that we knew Russia had economic reserves, they were built up in anticipation of their invasion and they gave Russia the ability to burn money for a year or two. After that, as we see with the plummeting Ruble, they ran out of time. It's going to get a lot worse now they're a year in and have burned through their safety net.
1219  Economy / Gambling discussion / Re: A Thought On Gambling Strategies on: April 16, 2023, 07:26:09 AM
I think people don't understand that there is no strategy in gambling. Gamble but consider your spendings on it as an entertainment expense. Got luck on your side and won? Good. If you don't you still had fun.

I wouldn't say this is quite true, but there are few games where you can potentially get an edge. Theoretically there is enough room for arbitrage in sports betting if you are knowledgeable and able to distinguish where sportbooks have mispriced a bet. However you have to imagine that they are constantly refining their data analysis and may even potentially ban you from betting if you do have a long winning streak. I remember reading a while back about a fairly large scale (in the millions) Australian betting syndicate that was able to grind out a consistent profit every year, however they had a large scale that might offer some possibilities not available to individual gamblers. Poker is another game where your skill can put you ahead, however the house still wins there and you are just taking money from other players if you can.
1220  Economy / Collectibles / Re: [WTS] 4x Aluminum Casascius Tokens on: April 15, 2023, 12:29:02 PM
I'll take 'em, PM sent

Confirmed sold pending payment.
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