Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.
The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?
Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.
The thing with buzzwords like "web 3.0" is they can have a broad meaning and are used by many "entrepreneurs" to sell their projects to angel investors. People are always looking for the next "it" thing or hype train to jump on, as it often draws a lot of money in if you time it just right. There seems to be a conflict between even your understanding of how it would work - if it's decentralized then in theory no single entity controls it and that means it would be impossible to provide KYC documentation, who is even the company and customer in that scenario? It's an interesting thought, keeping any profits solely between two peers, but somebody will at least have to get paid transaction fees to make it worthwhile to secure. |
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Some people say it's not gonna affect bitcoin price because the fallen banks were only bitcoin supports. But USDC was also having big stash of cash in these banks.
I am still looking for a clear idea of what it's really gonna be
It's likely to have some sort of effect and there was a short term dip when the news first started to appear. However it's what these banks were actually offering in the background which might be harder to replace. Few "traditional" banks want to go anywhere near cryptocurrency because they've been stung by all sorts of money laundering accusations in the past. Silvergate, more so than SVB, tried to gear up their whole client base around cryptocurrency solutions and it was working in fairness. However they bought a lot of bonds that paid small amounts which means they are much harder to sell when governments are selling new bonds with much higher returns connected to them. Just like the 2008 financial crisis, nobody knows quite if the contagion will spread or where damage will pop up next. |
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Guys I need experienced help from someone who has already bet on these bookies.
I'm curious about your experiences with them because I've heard a lot of negative comments about how they lock accounts, steal money, ask for a mountain of documents that are impossible to get and therefore you can't withdraw money from the account. I've read a lot of ugly comments about them, but I'm interested in who can honestly tell me with experience how you fared with those bookmakers?
They are in the list:
22 bet
megapari
uberlucky
Nope, but that's likely because I've stuck with mostly mainstream, fiat currency and the biggest gambling sites in the past. However that is an important thing that you have to learn to gauge yourself - how big is the site or app. If you end up on some small, obscure site with broken or copied text, few games, struggle to find much info online about it and cannot find help from places like the support system, it is a very bad sign. In general, big sites are much less likely to scam you simply because they make so much money just from running an honest and upfront gambling site. It's bad for business for them to rip customers off, so unless you intentionally abuse them like trying to sign up for multiple accounts, you're never going to "get robbed" by them. |
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Money and the Hart of most humans, we all are in a bad time where strange things happen all the time, if we haven't witnessed any bad crimes we have one way or another heard about crimes.
Before going further I will like to advise the new ones from here on this forum, please and please if you become successful through Bitcoin learn how to spend wisely, or if you haven't gotten good profits from Bitcoin investments don't go beyond criminalities because I have seen and hear about most youths and teenagers who do evil things to get money.
Now let me share with you the dispatch of crimes committed by some youths who killed their parents because of property and money, this is the link
Please yours we all have to be patient about money, we came to this world without money and we all will li without money, so please I advise all the youths mostly the newbies on this forum, please let's try and never commit any of this crimes, let's work to get money and never to do otherwise and that's why we have bitcoin and other coins (cryptocurrency).
For those that money controls them, please learn to control money and never let money control you. In my locality they said TABLE TURNS, and this means TODAY IS YOUR TORN BUT TOMORROW CAN BE MINE.
Please learn how to control money through this bold steeps
You will never be able to tame all the chaos in the world, these sorts of crimes are so shocking because they are such extreme scenarios and super rare. You have to be careful if you go in search of news every day because it will highlight a bunch of bad stuff going on, but the vast majority of people are living normal lives and following the laws. People generally have to work hard and be clever if they want to accumulate money over time (ignoring the lucky few who get it from things like inheritance or the lottery), so they pick up a lot of financial sense along the way. When you're younger unfortunately it is tougher to get money and sometimes criminality can be glamorized, so we must be vigilant and keep guiding them properly - while accepting we all made mistakes along the way and learned from them. |
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Amazing how many people who have been here a long time and seen threads resolved by the Sportsbet representatives repeatedly, are so eager to jump in on the side of random, incoherent and inconsistent newcomers. Every case should be looked at objectively, but reaching out to the responsive Sportsbet account here would solve many of these problems, instead of riling and ramping threats straight up.
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The most popular mistake that newbies make with online casinos is avoiding the rules and regulations, not all online casinos will put up a warning sign on their first page and say 👇
"New users are welcome, please read our rules and regulation before making your first deposits"
You have to look for the website FAQ and go through it first, I have seen some newbies that avoid doing this has they ended up shooting themselves in the foot.
Some even start spreading FUD on the forum about these gambling platforms that did them wrong, not knowing that they are the ones at fault, they are guilty because they don't read the rules and regulations.
As you say, when you get into gambling, doing reading and actually understanding the terms is imperative. It's not good enough simply reading, as some of the gambling terminology or odds used might be quite obscure to newcomers. Making sure you understand the rules and how things work can save you a lot of money, don't be afraid to contact the helpdesk as they are often quite good. For example, you might be drawn in to signing up for a welcome bonus "get a $100 free" is the headline, but if you read deeper you probably need to follow a bunch of rules and your first bet might need to be appropriately sized to unlock it, otherwise you'll lose all right to it after that point. |
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I have always wanted to ask this question is it that there is no opportunity or they do not want to get rich
Mate please more to this I am confused here.
They don't "always stay poor" but then opportunity can vary hugely between different countries. If you are born poor in India for example, because the population is so huge it pushes wages down and the education system might not see children taught until the higher ages you might find in countries in Europe. These are barriers or difficulties that mean poorer families do often get trapped in this cycle for generations. However if you are born in places like America, Europe, Australia, etc. where the education system is more thorough then people have a much greater chance of working their way out of poorer conditions - but it's still tough because you often learn a lot from your family who may have some bad financial habits. |
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Is street gambling safe?
Actually, this is an easy one and it all depends on the place and who you play with. Almost all of the streets here have people piling up to bet on games like blackjack, lucky nine, and baccarat. Fights actually broke out since the place where the games take place is only on the streets where there is actually no authorities like security guards or moderator for the games. One of my friends actually gets hospitalized because of his winning and he got on one of his opponent's heads after the game, his opponent and his companions hit him on his face with a baseball bat.
Does it prove that street gambling is not safe? Yes, it might but it all depends on the players. Will u play your bet with people you know are no good? No right? Maybe we can't really say until it happens but how about the chance that you can get yourself harmed, I'm not saying that don't play street games or don't bet on street gambling what I'm saying is please do choose who you play with wisely.
Spreading awareness is what at least we can do to help others, if ever you're watching some street games and you feel something's up call some authorities already because you might catch fire as well.
You are conflating and confusing terminology here. Most people when reading the headline would think you're on about gambling actually outside, on the street, which can be full of conmen and ripoff artists. Engaging with anyone on the sidewalk when it comes to betting activity is very dangerous and you can get setup in so many different ways (they can hook you in with small bets and take you on a big bet, they can get a feel for how much money you've got and have an accomplice mug you, just so much potential for a bad outcome). Legitimate large casinos in most developed countries are some of the most secure and safe environments to gamble, albeit the odds are against you and the house always has the long term advantage. |
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Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.
Sometimes the hardest thing it takes to learn in life is the ability to say no. There are some extreme examples and emergencies, where if you have a strong relationship, that goes equally both ways - then it can make sense to give someone money to help them out, if you have it to spare. However the keyword there is give. Lending money to friends and family is only going to lead to lots of problems in the longer run. If they need money then give it to them on the basis that you expect to lose it all and only what you can reasonably afford, that way when they do pay it back it works out best for everyone. Nobody that asks, essentially begs, for money and is angry when you refuse is worth being around anyway - your cousin did you a favor by showing how little they value you. |
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Gambling is for the strong and sturdy.
I got this caption based on what happened when I visited an old friend of mine as it's been long since we saw, and so, after a little time out together with random discussions I discovered a sudden change in his mood while we're still chatting. With a steady look on his phone in his hands for about a minute or more as he scrolled up and down the phone screen repeatedly he shrouded his shoulders with a simultaneous regrettable look all over his face.
I took the phone from him only to learn that my friend has been calculating the whole series of losses he has made from all the bets he has placed from one of the gambling site he patronize. He had made a multiples of losses in almost all the games he had placed bet on right from the start of this year, even to the current bet of that very day.
But then he asked me' bro assuming I had gathered all these money I have lost through gambling and channeled it into some sort of a little business or project, wouldn't it have been better! At that moment I never knew the exact word to give to him as I never expected such deep a question, for the least I replied him was "hmm I can't really say".
With this, I wondered if other person's here in the forum that are into gambling too has at any point in time thought or felt that way, particularly when the losses are becoming overwhelming. And in that case, should such person stop gambling and rather divert such monies into something else since he/she ain't making corresponding wins or more, checking his bet history, Or he should carry on with hopes that winnings will start creeping in someday gradually?
The title of the thread is at odds with the story presented. It doesn't seem like this person is strong, but in fact they are weak and lost. If they were strong they would not be second guessing whether that money could have been better spent elsewhere, it seems like they consider it a very wasteful pursuit and wish they never put so much into it. Unfortunately when faced with that scenario, what a real strong person would do is - accept all the losses they have made up to that point are unrecoverable and stop betting entirely if they want to break the habit. If they've made losses and are regretting it, every single new bet is only compounding the longer term problem and will lead to further unhappiness. |
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Previously when I published news about Silvergates stating how it is on the verge of collapse and major crypto institutional investors were pulling their money out of the bank thus worsening the situation even further. Now the time has come when Silvergate has finally decided to shut down its business. Is it going too quickly? The answer is no actually. The whole process of shutting down the Silkveragte would need around 2 years of projected time. The reason behind this is very simple, it was the biggest lender around the market and thus they have loans that are under recovery. Due to its collapse, the lender has to regain control of all their paid-out money along with the interests. This is the process that will take another 2 years of the timeline to shut it completely. The FTX really made good businesses go down the sink. It's bad to see players like that, such owners and CEOs must be banned from doing such practices. Shares of crypto-focused companies fell on Thursday after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX's implosion last year reverberates through the industry.
Analysts said a complete closure of the crypto lender could take one or two years depending on how quickly outstanding loans are repaid and assets are disposed of.
Silvergate's latest move adds to a list of high-profile collapses among crypto market players since last year
The company's shares plunged 37% to $3.11, a day after hitting a record low and have lost 64% since March 1 when the company flagged a going concern risk.
"We believe this decision was made, at least in part, to help mitigate Silvergate Bank's legal liability related to FTX's bankruptcy," Wedbush analysts wrote in a note.
Silvergate did not immediately respond to a request for comment on the analysts' view.
Meanwhile, shorting in the shares of Silvergate has proved profitable for bearish investors as its shares have lost 95% of their value in the past 12 months and 72% so far this year. It's actually going to be interesting to see where the collapse of this bank will lead tomorrow. As quite often in history we've seen that the ripple effects of one company can effect many unrelated and unexpected companies in a type of contagion. Let's hope it's nothing like the 2008 financial crisis which gradually got worse as new financial scandals were discovered when the first bank started to fail. Hopefully the US government and other governments are able to draw a line underneath this bank, although unfortunately it'll probably be taxpayers who end up bailing out endless greed and reckless behavior by a few individuals. From the small parts I've read, they've actually got enough assets to cover the company, they're just not liquid enough (US treasuries) to cash out big sums as quickly as customers wanted to redeem them. |
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Have you ever seen a online casino website that displays, No kYC requirements or KYC requirement for **** amount of withdrawal before? And why won't any online casinos do something like this? I believe this is suppose to boost users and players confidence when they are about to try out new gambling platforms for the first time.
I believe this is still affecting online gambling platforms because this is one of the most common issues that online gamblers are still facing.
You are faced with a catch-22 scenario when it comes to know your customer enforcement. Many of the biggest sites will ask for it, or at least the option to require disclosure of it in their terms, because they are based in jurisdictions that require it from financial regulators. These jurisdictions are actually beneficial to the majority of players because it means that the gambling company is less likely to vanish with their money, commit fraud and be subject to court systems that can be used to enforce laws in the favor of the customer. Whereas sites that operate outside of these jurisdictions are slightly more likely to operate in wild-west territory and may even be more vulnerable to external threats because they cannot use legitimate services in properly policed legal systems. |
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In some conversations that I have had with some rich people who are old, they most times always say that they invested in real estate and that was how they made some fortune. Young people understand that investing is key and paramount to securing a better future like these Old rich men did then, But the question now is what exactly to invest in for young people. Is it wise to follow in the steps of the old rich men who had investments in Real Estate, or do they completely now invest in cryptocurrency? The answer is sometimes traced to the one that offers the lowest risk and loss of capital.
The less riskier from Real Estate and cryptocurrency is Real Estate, but less risk,, less reward. The risk that come with the higher volatility of cryptocurrency makes the profit that can be gotten bigger. Will you go for less risk, or big profit?
A better question for the thread title is low risk or high risk? Because high risk does mean high rewards, it comes at a cost - it's high rewards because the odds are working against you in this scenario. You are not guaranteed big profit at all and you are more likely to lose money in such investments. However people are on the whole rubbish at estimating risk and are very over confident in calculating outcomes. Cryptocurrency is not real estate or anything like it. It's an asset, a commodity (in the loosest possible sense) and is not comparable to physical property in the real world - which is a lot more useful in reality. You cannot build a house on top of virtual currency and it's a totally false equivalence. |
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Is it right to call a gambling platform a scam for confiscating users account with the deposited balance because you use more than one SIM card to access the platform? The SIM cards aren't from same network provider, so their IP addresses are different from one another.
This happened to someone I know very well, but I found this to be too cruel, different IPs on the same device shouldn't cause this ban, what do you think?
There are some gambling platforms that pray that users make this mistake and use the opportunity to sit down on their money.
Your comment makes no sense whatsoever. Normal gambling companies are well aware that IP addresses of users can change and unless something extreme happened like a fraudulent card being used or the IP address originating from North Korea, then there is no reason that they would take action against the account. You don't seem to be telling the full story over here and the fact that you go into unnecessary detail about SIM cards makes it likely that something else is going on. If this person really is your friend, they probably left a little fact out, like they were trying to take advantage of the company by multi-account promotion abuse or using the wrong payment details. |
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We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?
Is it that the rich have already wealth the day they are born? Have savings and investment?
While the poor doesn't have any of those?
The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.
Once you get into proper investing you start to understand the real meaning of this, and by proper investing I mean buying shares of companies actually creating tangible products or offering useful services. When you're rich, you have way more money available than you spend month to month or year to year, which means you but shares - those shares return company profits and often get reinvested to buy even more shares. This creates a massive compounding effect over time, allowing the rich to get ever richer - provided they don't spend too much. |
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I often see gamblers who are addicted and he can't get rid of the addiction, so the gambler sells what he has to gamble. I am well aware of the dangers of gambling addiction because what is meant by that is gambling, which they do is no longer for pleasure but for the sake of victory and greed and for some people they cannot control their gambling.
In this case is it possible for gambling platforms to provide stop gambling services to help gamblers reduce their desire to gamble, as in the context of cigarettes, every tobacco company always provides smoking cessation services either by telephone, clients who want to quit smoking can be given counseling and guidance, as well as referrals if you need follow up.
I think how if the Platform/gambling company has a stop gambling service that is very good and helps gamblers who want to stop.
I know this will backfire on the gambling platform, but in retrospect, if this is implemented, it is a so wise move.
What do you think about this?
By responsible gambling company should be made to comply with effective self exclusion mechanisms and it's unfortunate that such pressure cannot be applied consistently to them in every country around the world. A proper self exclusion program should have options as high as 1 year or even 5. A problem gambler really is a detriment to society and no company should allow someone to create such a destructive situation for themselves. |
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While growing up things were quite easy, an I also know that life was also easy for the common man, not until 2018 that things start changing for the worst, from then till now the rate at which inflation have struck my country to an all time high is so alarming.
Everyday price of things keeps on changing but the salaries of a civil servants still remain the same, the money that we use too feed from, buy water, pay rent, pay for light an even save from, now it can't even service our monthly needs for even half of the month.
Most times I feel for people that have many children because too get basic needs in today's economy is very difficult,
the annoying part is that the government an it agencies are doing nothing or less about the cost control of goods and services in the state.
An this has created a torn in the lives of many as situations keeps on getting worse by the day.
Am wondering if it's same experience in other part of the world.
There is always a crisis brewing or a crisis of some kind spilling over in the world, it's inevitable. Just when things looked like they were getting better, Putin - the dictator running Russia - decided it was a good time to invade their neighbor and cause the biggest war in Europe since the end of World War 2. That is bound to have a huge effect as they are both big mining, energy and food producers. Supply chains had barely recovered after shutdowns in the last few years that were unthinkable just 5 years ago. If you're looking at someone to blame, it is the Russian government and it's leadership. There may have been some inflation still happening at this time, but they made it so much worse and unnecessary, yet the poorest (people and countries) always suffer the most. |
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Would you bet on a fight that is scripted even with the promise that the outcome will not be leaked to the public before the match ends? What is the ethical consideration is this case? Well this is the new information regarding the WWE about to explore this new type of betting option. You can read a part of the news quoted below and make your comments. WWE Keen to Explore Betting on Scripted Fights as an Option
But if the states were to clear this type of betting, that would only raise integrity concerns observers believe, as the outcomes of fights would be known and the possibility of a leak – high. WWE is reportedly working with Ernst & Young, an accountancy firm, to prove that the results of such fights would not be known to the public beforehand nor that they would leak out of the organizaiton.
Ernst & Young has previously advocated for the legalization of Academy Awards betting, and worked to keep the results a secret, proving that it’s possible to know an outcome beforehand and still have a fair betting market on the activity. WWE is of a similar mind, as the Oscars are already supported as betting markets in some places in the country, so why would sportsbooks hesitate to offer WWE fights, which are a form of entertainment for the most part rather than a pure athletic contest?
No official comment has been made by WWE officials to further elaborate on the situation, but Colorado has already denied the rumors. The Colorado Division of Gaming spoke to CNBC and briefly said that it had no intention of allowing betting on WWE matches as of right now. Legalizing WWE fights as viable betting events is not a stretch, however. It is a bit of a strange concept, it's essentially betting on a rigged match and I don't understand how any regulator would allow it. Not only that, I don't know of any betting service that would be interested in listing these types of bets either, because they can so easily be abused by the WWE. The only people who stand to benefit from this are the organizers of the WWE and it's a captive market, frankly it's a disgrace to the word "sport" if it's allowed. I imagine that they are looking to keep everything "in-house" so you'll only be allowed to bet within the confines of a WWE platform, which makes a perverse incentive for the company to sway the match depending on what bet is looking more profitable at the outset of the fight. |
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The recent kidnapping of four Americans exposed me to the medical tourism going on in America. I have always thought that the US was a perfect country has very functional health, economic, and political systems. I thought all Americans have access to cheap and quality medical services until I read that over one million Americans go on medical tourism in Mexico yearly.
And the reason why some of them choose Mexico was because of its quality and low cost. These medical tourists are aware that it is risky to do to some parts of Mexico, but they still go there because they want to cut costs.
Is there any other reason why Americans go to Mexico for medical?
It's not that abnormal really, maybe America has it slightly worse because their healthcare system is seriously overpriced but you will find the same things happening with other countries too. Europeans might end up in Turkey for dental operations or similar cosmetic procedures. In the right scenarios it makes sense, but sometimes tourists can be clueless and only look at saving money, which can get them into seriously dangerous situations like this. As one of the worst hot spots for crime and cartel problems in Mexico, it's really not a bright idea to go across the border in this area - no matter who you are. If it's the difference between a $20,000 operation and a $2,000 operation, it can be a huge incentive. |
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Enticing promo banners but tncs that make these promos largely useless and these tncs aren't obvious from looking at banners. Upon click they redirect you to login/registration page whereas I feel click on to banner should redirect user to that particular promo's tnc.
These companies are offering free money in many cases, however the catch is you better read the instructions well to understand any pitfalls or where you can get caught out. Like you might be able to unlock a $100 free bet, but it will require your *first bet only* to be $100 - after that point you have lost the ability to access that particular welcome bonus. You have to break these casino / bookmaker offers into two categories - major companies that can afford to offer big bonuses with low barriers to entry and smaller companies which use very manipulative wording in their promotion or have such high requirements to unlock the money that it's not even worth pursuing - it requires a bit of detective work and experience to determine which it is. |
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