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1501  Economy / Gambling / Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! on: January 18, 2023, 09:16:54 PM
https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

It just goes to show how greed can affect even the richest people out there, it was a hugely wasteful way to lose so much money especially with such a tiny return expected. I too have lost several 1.02 and 1.03 type bets with small amounts of them, the book makers are perfectly capable of misjudging even the lowest payout bets as well. I often find that 1.5 bets are probably the sweet spot where they still have a bit of volatility but if you pick enough of them you might be able to grind a profit upwards. It's hard to have sympathy for someone who is willing to throw down that much money gambling, as they're already in such a privileged position that they don't need to engage in such activity and could do something useful like invest in a company instead.
1502  Economy / Economics / Re: We are not out of the woods yet on: January 18, 2023, 09:07:14 PM
There is always this most painful season in crypto space that hurts even the strongest of crypto holders out there where they will almost give up, I don't believe that this bear market will be different, if you are here in 2019 you knew what I am talking about.

It will get to a point where many will start losing hope on crypto, a more painful bottom will occur and holders will lose faith, the bear market will look like it will be here forever.

We are not at this point yet so do not get too confidence that a new all times low is no more possible, no one saw COV-19 coming in 2020 and anything can still happen between 2023- 2024.

It's a bit confusing you're just now talking about a bear market when Bitcoin is facing the largest rally for the last 3 months. Who knows which way it will go, but people who bought at 16k are almost 25% up on their investment if they were to cash out now, it's hard to find that sort of return in such a short time frame. It just depends if it holds steady, but we're generally seeing what might turn out to be a softer landing than expected for the economy and maybe it'll rebound faster than the so-called experts predicted. Bitcoin did very well in periods where borrowing costs were low, so if it can sustain while inflation drops back down and borrowing costs reduce then we might see another rally again.
1503  Economy / Gambling discussion / Re: Minimum deposit and minimum withdrawal. on: January 18, 2023, 08:30:10 PM
Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?

It can be a lot easier to get a million people to throw away one dollar than to find a millionaire who will hand over a million in one go, as someone as put more eloquently in the past. A dollar minimum is likely in place due to blockchain transaction fees that get proportionally more expensive the lower you go. However a dollar can definitely have a lot of different value depending on the country you are in, for example $5 an hour in Pakistan might be considered a substantial wage compared to the average salary, however it would be rejected by workers in almost every European country as far too low. That's because there are different costs of living, pricing of products and availability in the labor pool. So if a casino accepts lower amounts they might see more gamblers from different countries who have less to spend and accrue more earnings that way.
1504  Economy / Economics / Re: Could this be a ploy by Saudi Arabia to explore the crypto market ? on: January 18, 2023, 08:21:49 PM
Saudi Arabia asserts that it is willing to accept payment methods other than the US dollar for international trade.
So could this be a comparative advantage for the crypto market?

This has zero to do with crypto and more to do with diversifying their currency holdings away from the US dollar as others have said. It can be hard to comprehend the figures involved, but cryptocurrencies simply cannot cope with the volumes of trade that are taking place at a global level. It needs to be comfortable with carving out a niche in something like the exchange or remuneration market, i.e. avoiding large bank fees to transport funds across borders and allowing overseas workers to send money back to their family while paying minimal commission to middlemen. Saudi is also definitely not a pioneer of freedoms so you should be more concerned than happy if they decide to follow the crypto route.
1505  Economy / Gambling discussion / Re: Real most rewarding Crypto Casino? on: January 18, 2023, 07:57:38 PM
I know Rollbit.com calls itself the most rewarding crypto casino--but is there some actual proof comparing all the different crypto casino websites together?

I'm talking about:
--RTP of games
--Daily, weekly, monthly rewards
--Loyalty programs
--Reload programs
--Lossback programs
--VIP Programs
--etc

I understand it may be difficult to compare all the different websites and find the most rewarding casino but my thought goes something like this.

1) If I want to play a particular slot from Pragmatic for instance there may be 20 online casinos that are offering it.

2) Most games have an RTP around 96.4%

3) I will lose in the long run no matter what

4) But if I found a casino with an RTP closer to 99% with rewards/loyalty/etc I can play longer and lose slower than other casinos so why not play there?

Does anyone have any analysis or website with this kind of info statistically laid out?

It's like hitting a moving target really, because so much changes over time and is dependent on how the management team might be feeling at that moment. I actually see a lot of promotions on at Sportsbet.io and they seem very generous in that respect and their sports betting odds are pretty decent as well. In reality the slot games that you mention are going to lose you money over the long run, whichever casino you play in, it will just slightly vary in the speed - all RTP is telling you is how much money they are likely to take from you each go. You're much better off looking for somewhere you can get an edge over the casino, who might just be taking educated guesses, like betting on sports.
1506  Economy / Economics / Re: Yellen warns of U.S. default risk by early June, urges debt limit hike on: January 17, 2023, 09:13:41 PM
Raising the US debt ceiling has been a hot topic over the past two years.

Everytime the topic emerges in news cycles. I wonder what would happen if the US defaults. And all of the americans on state pension, welfare, unemployment, food stamps and other programs no longer receive their monthly checks. The worst case scenario, is not a good one.

Retired americans on social security are the largest viewer demographic for television news. They don't know who Alex Jones is. They're typically insulated from the information and news stories making the rounds on social media and the internet. Which means they could be the most surprised and unprepared demographic, if a US default were to occur.

Pension earning americans are also usually the most likely demographic to preach job security. College education. Pulling oneself up by their boot straps. They're the most likely age bracket to look down upon younger generations for not being as successful or independent on an age comaprison basis. Netizens typically refer to them as "boomers".

I don't know what type of motivation or reasoning people need to try harder to be more successful and have a larger margin of safety for their futures. For me, the thought of millions of americans across the country losing their sole source of income simultaneously, in the event of a US default. Has to be one of the more motivating trends I have seen over the past two years. The united states thus far, hasn't see the type of riots or widespread social upheavel that other nations have post 2020.

But I think that if the US defaults on its debt. And it slowly begins to dawn on the entire country, what that would mean for them and their bottom line. We could see some significant shifts that have been silent thus far. And that things might get ugly.

It's been a hot topic for a lot longer than the last two years and is used as a political hot potato for bargaining purposes. The opposition party at the time tries to extract the maximum benefit out of it if possible, but it depends on the composition of the house and the senate. At least this time if the democrats are able to just turn a handful of Republicans around they'll be able to stop it going over the precipice. Whoever refuses to negotiate or forces the US government to shutdown will be the big losers - nobody will come out of that situation looking good and Republicans have not been able to do much with it the last couple times it comes up, they just like to shout a lot of scary headlines before backing down.
1507  Economy / Scam Accusations / Re: Sportsbet.io took my money on: January 17, 2023, 08:09:27 PM
Sportsbet is one of the reputable casinos in here,once they verify everything you say and the best person is Steve as already mentioned here,I am sure that you will get all your money back,deposited amount plus winning amount.The casino where you have chosen to play would surely not blow up their reputation for that ridiculous amount,however it is the first time I see some reputable casino asking KYC for such a ridiculous amount like 250 dollars,as far as I remember I used to withdraw 1000 dollars here at Sportsbet a couple of years ago without a single problem,most likely laws have changed as I don't see any other reason for them to do so.
I thought that the KYC was odd as well. I at first resisted in doing it but saw that I would not be able to have an account with them if I did not. So I went ahead and went through the process. I really never expected them to close my account and take the entire balance. I really hope it was some mistake or a mixup because I do understand that they would not blow up there reputation for that amount.

I am sure this will be clarified really soon,do not worry,Sportsbet has been here from a lot of time and as I said they are from the reputable ones with many members here choosing them as their favorite sport betting provider.Most likely is a human mistake,the guy/girl of the support team should have been scared by that change of transaction Id and he opted to go that way by blocking you until everything is clarified.I think once Steve checks the matter it is going to be fixed really soon,as long as you have told the truth and I have no reason to believe why would you make up such story.

There is nothing strange about asking for KYC and judging by a few unrelated posts recently, there are some groups that like to target casinos & sportbooks for abusive purposes. Not that it seems to be the case here, but sometimes if you're from a certain region then unfortunately you can get caught up in more stringent checks due to other people who are taking advantage in the same region. In fact it is often a legal requirement for these companies, if they are operating from stronger jurisdictions, that they gather such information for the financial regulators. They may have lots of different triggers that cause them to ask for such validation but eventually it is likely to happen.
1508  Economy / Economics / Re: The Buy Now, Pay Later Bubble Is About to Burst on: January 17, 2023, 06:57:51 PM
The phrase "record levels of credit card debt" has made headlines in US media for the past 20 years. It had become so integrated and normalized, I hadn't realized generation Z and youth demographics may have formed negative opinions around credit cards. Causing them to avoid use of cc.

According to this, BNPL (buy now pay later) debt is often not included in credit scores or personal debt statistics. Which could lead to average debt per consumer/household statistics resembling the portion of an iceberg which remains above water. There have been rumors for months now that a high percentage of US consumers were charging necessities to BNPL or credit cards. A bill which they may not be able to afford. The headline appears to indicate it could be an affirmative claim.

There could be a crisis in the near future. As americans search for alternative methods to cover their monthly expenses once their credit cards and BNPL plans are tapped out. However, considering BNPL doesn't appear to track consumer debt. It is possible american consumers could rack up an unlimited number of BNPL plans without the additional debt appearing on credit check radar. Perhaps that is the way?

It seems like every generation has it's financial crisis where companies figure out a new way to abuse people, but they also tend to loop through the same old schemes with a slight twist - pay day loans, buy now pay later, credit cards. The problem is they can all be used sensibly and benefit a consumer who is aware of the traps, however they really make the huge money from people who don't understand all the catches that come with them. Whether that is the "honeymoon" period for credit cards at a certain APR, zero percent interest on loans for the first year or two or the extortionate rate that payday borrowing can have. No doubt the finance people are already angling the next scheme that will fly under the radar of regulators for a few years to come. Financial education is one tool, but they can also target desperate borrowers who might know better anyway.
1509  Economy / Gambling discussion / Re: 10 Biggest U.S Lottery Jackpots Ever...(Until Now) on: January 17, 2023, 06:51:06 PM
So Two Questions..
1. Do you think its possible to win such an amount of money in online gambling/Sports betting ?
    (my own opinion: I don't think its possible, as I've never seen.

2. Is there any online lottery casino available where it is possible to win such as enormous amount of money? Please share ..

So guys, i hope you all find the article interesting, so lets discuss..

I guess there may have been maybe a handful of people who might have traded or gambled huge amounts of bitcoin in the earliest days, which at the peak could have translated into hundreds of millions if they had whale size wallets. Beyond that, no gambling sites even come close to these numbers when you're talking about single winners. Lotteries have possibly the biggest user base and are accessible in so many different markets that it's impossible to compete at that scale. You are best off looking for a lottery that is applicable to the specific country that you reside in, as that will reduce any potential complications when it comes to claiming a win and you don't want to find out you're ineligible at that point.
1510  Economy / Economics / Re: Salvadoran lawmakers pass digital asset issuance law in bitcoin haven on: January 16, 2023, 09:17:40 PM

El salvador's crypto plans are still sounding ambitious in scope:

Quote
The 33-page digital securities bill was originally proposed in November of 2022 and is expected to lay the legal groundwork to allow the nation to move forward with its so-called “Volcano Bond”. The Volcano Bond, which is more accurately described as Volcano Token, is a digital token which would help El Salvador to raise capital to pay down its sovereign debt, direct funds towards the creation of Bitcoin mining infrastructure, and fund the construction of “Bitcoin City”.

El Salvador’s Volcano Token is targeted to raise $1 Billion and would be backed by the proceeds generated from its geothermal Bitcoin mining operation, which harnesses energy from the nation’s active volcanoes. By leveraging the nation’s natural resources and geothermal energy, El Salvador’s Bitcoin mining industry would utilise only renewable energy to create new Bitcoin, making investment in the bond very attractive to both traditional and ESG investors.

Bitcoin City is a planned special economic zone which was announced by Salvadoran President Nayib Bukele in November of 2021, which will be built on the Gulf of Fonseca on the southern coast of El Salvador, near El Salvador’s Conchagua volcano. Bitcoin City would offer tax advantages, friendly regulations, create mining infrastructure, and incentivise Bitcoin businesses and entrepreneurs to open offices and startups within the nation.

If I remember correctly, geothermal energy derived from volcanic steam vents are claimed to produce energy at lower cost in comparison to nuclear, wind power, hydroelectric, solar, fossil fuels and other methods of producing electricity. On paper this looks good for el salvador. However, the expertise and start up capital to finance such a project is what has been lacking. If el salvador could post regular updates which indicated progress was being made, it would generate a massive influx of credibility to support their proposals.

With an economic crisis looming, they're still proposing to build "bitcoin city". I applaud their ambition and courage. But have to wonder whether theirs is the pragmatic approach with potential storms lurking on the horizon.

In reality Bitcoin has been quite a wasteful experience for the people of El Salvador, as their President decided to make it an official currency and buy up large amounts as it was on it's way downwards. He then continued to "buy the dip" in various chunks even as it kept descending, if he had waited a while then they would have been in possession of a lot more - alas, nobody can predict which direction it was going. He could have accepted it as an official currency without spending money from government coffers and then giving it away to citizens (who paid for this extravaganza out of their own taxes). It was in essence a vote buying operation but it will backfire in the long run.
1511  Economy / Gambling discussion / Re: How do you handle your losses on: January 16, 2023, 08:37:23 PM
We all handle emotions differently, also the way each of us admit our losses differs. I love playing dice and blackjack on my favorite casino and have never had a big win, but I make sure not to chase my loss if I lose. I have learned to deal with losses, it wasn't easy from the beginning, but it gradually became part of me over time.

Not everyone is good at letting go of their loss. I used a four way strategy to train myself into admitting my loss:


First I draw a plan of how much I am willing to risk for any bet:
I so much believe everything starts with a plan. To avoid been carried away by my loss or urge of trying more chances I first plan how much I'm willing to risk and if it goes I pause to try again when next I have made new budgets.

I make sure I don't pay attention to the leader board:
I try my best to avoid this board because it can be tempting and compelling seeing how much a user cashed out the hungry to try a little luck might make me go against my plan

I ensure I drink enough water to reduce risk of heat stress :
I won't want to be under any compulsion or stress after a loss, so I make sure I drink water to stay hydrated, and it helps manage my mood even if I lost.

I ensure my emotion is in check:
I remind myself regularly that I am only having fun that can either be winning or loss, and what ever be the outcome it is for the fun of the moment and not a get rich quick scheme.

I avoid greedy friends
Friends play a big role in the character of a person. Someone who is never greedy can become greedy based on a friend's influence. I rather take a small win and walkaway than risk it all to lose even my win.

Keeping your emotions in check is definitely a good one, especially being able to properly re-assess your current mood over time - as if you're having a long session (like playing poker for example) then it's quite possible to start the day fresh, rack up a load of good wins, but then lose concentration and trail off the quality of your play. It can result in handing back all the money that you smartly made at the start. There can be many reasons for dropping the quality of your play, assuming you are in a skill based game not random, like not properly eating which cause your energy levels to drop or having tiredness/intoxication start to creep into your mind.
1512  Economy / Economics / Re: More Money Problems that Bitcoin Solves on: January 16, 2023, 08:27:33 PM
Why aren't the governments of the world seeing the greater money problem that bitcoin, and not even their CBDC, can solve? Can they at least think about allowing bitcoin to coexist with their money? I'm not asking them to abandon their fiat. Can they stop hindering Bitcoin's development and begin exploring its possibilities? It hurts that they are aware of the potential of bitcoin and have decided to ignore it. The issue of inflation, which destabilizes the world, can be resolved by Bitcoin. Additional money can be printed, but more bitcoins cannot be created. Inflation occurs when there is more money in circulation than is required. This can never happen with bitcoin.

Quote
- Inflation occurs when the money supply of a country grows more rapidly than the economic output of a country.
- The Federal Reserve changes the money supply by buying short-term securities from banks, injecting capital into the economy.
- The quantity theory believes that the value of money, and the resulting inflation, is caused by the supply and demand of the currency.
Quote sourcehttps://www.investopedia.com/ask/answers/042015/how-does-money-supply-affect-inflation.asp

When will they learn that bitcoin may be helpful? What are they waiting for?

Have you been asleep for the last 10 years? Most countries that do not have overly oppressive governments like the Americas, Europe, Australia and parts of Asia are quite open to allowing it to co-exist with their own currencies. Quite rightly they just want to understand the cash flows that are taking place because many countries use taxes as a way to run public services - like putting roads down or paying for the police force. If people are avoiding contributing to that while running a business via cryptocurrency then they are getting an unfair advantage against neighbors and the rest of the country. None of the points you raise have any relevance to allowing cryptocurrency or keeping a stable economy.
1513  Economy / Gambling discussion / Re: I turned over $1.344M with Sportsbet.com - https://imgur.com/a/gFB14gl on: January 16, 2023, 07:36:29 PM
I have been gambling since the age of 21 (now 31).

I place the majority of my bets with Sportsbet who are the largest online bookmaker in Australia.

Between June 2022 and November 2022 I turned over $1.344M and over $961k in August 2022 alone.

I was at the pub today with a few friends and they all received $100 bonus bets and I received nothing.

They each turned over less than $500 in the month of December 2022 and $300 in the month of January 2023.

I turned over $200k in December 2022 and already $88k in January 2023 so I called to ask why I haven't received any bonus promotions after spending a lot of money and the answer given was because I have a winning position against Sportsbet in the last 12 months.

This has left me VERY angry and proved to me there is no loyalty amongst these gambling companies regardless of how much money you spend.

I have decided to permanently close my account on 30/01/2023. The reason for this date is because I have a six figure NFL bet (Kansas City Chiefs to win their conference) which is playing on the 29/01/2023.

I am writing this to remind you guys that these greedy companies have ZERO loyalty or respect for their players and to never forget that. Make sure you have accounts with different sportsbooks and don't be afraid to look around for better offers.

A friend of mine has introduced me to his sportsbook and I will be signing up with them ASAP. He bets between $10,000-$20,000 a month and has received very generous bonus offers for the last 18 months straight.

I have posted my activity statement ending in November 2022 and will upload more when I have the time to access them.

If you look at the bottom it will you show you my monthly stakes from June 2022 - November 2022.

If this story is true, which I highly doubt (anyone can edit a webpage or screenshot to show whatever they like), then you are pretty dumb really. Someone who is making that much profit should not be foolish enough to get bent out of shape over a $200 free bet. Who gives a toss if all your friends got such bets, they would be losing money in the long run just like the average customer at any sportbook. Anyone who has been in the game long enough would know that each sportbook operates differently and your account might just get shut down with tiny betting limits at any other you choose to jump on. They are in business to make money, a larger sportbook might accept a profitable player but many will restrict them. There are so many holes in your story, you're either incredibly foolish or just a straight up liar.
1514  Economy / Economics / Re: Reserve Bank of India Governor Calls for an Outright Crypto Ban on: January 16, 2023, 07:30:45 PM
I hope this one man's understanding about cryptocurrency will not affect the government of India  turning 100% hostile against cryptocurrency.  It is clear that this person does not know what he is talking about.  Blaming the FTX fall to cryptocurrency  and doesn't even understand the difference between a TULIP BUBBLE and CRYPTOCURRENCY adoption and the technology behind it.

Reserve Bank of India governor Shaktikanta Das surely have a personal motive of pushing CBDC force feeding it to their citizen.  "CBDC future of money",  funny how he state that when the technology behind CBDC is just a copy of what is in Cryptocurrency technology.

It is often to most corrupt countries that take the stance of banning new ideas, cryptocurrency is a prime example - it weakens the control of the government on it's citizens, which they can use to coerce them to think and act in certain ways. It's similar to how we saw Russia banning cryptocurrency (before they became desperate for ways to transfer money during the war they created against Ukraine). India is afraid that people are transferring money around without them being able to tax remuneration from overseas family members and try to tax it as much as possible. They're afraid that they will lose power as banks become more irrelevant, instead of adapting and embracing a new future.
1515  Economy / Gambling discussion / Re: betting against the Public, is this strategy working? on: January 15, 2023, 05:56:20 PM
I heard this strategy working but I like to know based on your experience if this is working.

For those who don't know about this strategy, you can read here to educate yourself.

Also, this website is providing details about public bets, I'm not sure how accurate it is, but we can use this as a reference since I haven't found another one. You can also comment if you some reliable sites.

Most crowd sourced betting starts at the odds that bookmakers are marking up and could potentially allow for narrow extra profits because it takes out the "buffer" that sportbooks add in to guarantee longer term profit. I'd also argue with one of the first ideas that comes up in the second section, every bet does not always have one of two outcomes. It can have three or more, if you look at soccer (or many other sports) one of the most common bets offered is Win / Lose / Draw. You'd be surprised but crowd sourced wisdom is probably more reliable over the long run, although it can definitely make small mistakes along the way - which are more to do with the occasional upsets where the underdog wins that every sport can have.
1516  Economy / Economics / Re: Third of world economy to hit recession in 2023, IMF head warns on: January 15, 2023, 03:56:18 PM
Could we witness a decoupling of BRICS (Brazil, Russia, India, China, South Africa) economies? Where some select BRICS nations continue to do well economically, while others trend in the opposite direction?

Reading between the lines, it seems that many nations of the world are taking steps to insulate their native economies from asset and financial contagion. As well as protect themselves against other negative trends associated with declines of the world's largest consumer (USA) and export (china) markets. Although I haven't seen it officially announced, it seems that gold is being bought up in record volumes by major nations of the world who plan to use it as a stablecoin to protect trade against inflation.

Is it fair to say modern day economies have more tools at their disposal to insulate and protect their economy from recession, in contrast to those of previous eras? While fossil fuels and global trade have made modern economies more flexible with larger margins for error? With the internet making communications and data more accessible and abundant with technology like blockchain based open ledgers.

All of which might mean future recessions won't be as bad as they would have had they occurred a century or two in the past.

On average you get a correction every 2-3 years and a recession every 8 years, so it's something that should be expected. Each one comes in a different form and has different triggers, Covid was a rather unique case that popped up out of nowhere and it looks like inflation will play a large part in the next one. It's foolish to try and stop them, as they are a natural remedy to over excess that is common in years where the economy is booming. Even with the financial crisis, it could have been much worse if not for the swift (if not late) intervening by central banks to stop too much contagion. It feels a bit like China is in dangerous territory right now, so you have to wonder if they'll eventually stumble a bit economically speaking.
1517  Economy / Gambling discussion / Re: How wrongful can this go? on: January 15, 2023, 03:19:33 PM
I don't like giving out my private information for any project or platforms online and I have no choice but to provide wrong personal details in order to maintain anonymity, how bad can this get if anything happens to the website system?

Is this a wrongful approach to online casinos that requires KYC? Or any of you have a better solution? There must be someone like me on here that have their ways around this. Share ideas if you can.

You need to judge each site individually rather than going with a blanket rule. There are lots of big sites out there which will be geared up to accept and maybe even use very secure third party services for this sort of verification & document storage. If you stick with all the biggest casinos and sportbooks advertising here then you are fairly safe, as long as you understand that KYC may later expose you if your government is able to pressure the gambling site for whatever reason to release such information. I would definitely not hand over documents to smaller sites or any that give even a little bit of a bad vibe off because it can come back against you in so many bad ways.
1518  Economy / Economics / Re: Does a side job/business improve your finanical stability ? on: January 14, 2023, 10:53:21 AM

To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?

It comes down to the individual really and how much work they are willing to tolerate. Some people are happiest to go through life just doing 40 hours a week or lower, they pay their bills and accumulate a pension. Hopefully paying off the mortgage by the time they retire and managing their money frugally from that point. Other people try to hustle up extra income every day to make themselves better off financially, hopefully putting that extra money to work instead of leaving it to languish. However there is a fine line to walk when it comes to health, if you're doing 12 hour days for 6 days a week then you can burn yourself out which might be more detrimental to your health in the long run.
1519  Economy / Gambling discussion / Re: How wrongful can this go? on: January 14, 2023, 09:08:52 AM
I don't like giving out my private information for any project or platforms online and I have no choice but to provide wrong personal details in order to maintain anonymity, how bad can this get if anything happens to the website system?

Is this a wrongful approach to online casinos that requires KYC? Or any of you have a better solution? There must be someone like me on here that have their ways around this. Share ideas if you can.

It's a catch-22 situation. Companies that are headquartered in places like Europe often have a legal requirement to gather such documentation from their customers in an effort to combat illegal activities, which can be good for customers because if anyone gets ripped off you have a stable justice system that can benefit the customer if things went badly wrong. However it can also be abused by bad actors who pretend to be legitimate companies in order to harvest this sort of document data which can be used by criminals to do things like take loans or credit cards out in someone elses name. Even good and bad companies can also have their systems hacked if not setup correctly, which can release these highly sensitive documents too.
1520  Other / Politics & Society / Re: NYC schools block ChatGPT, fearing negative impact on learning on: January 14, 2023, 08:39:09 AM
Is ChatGPT developed enough to author complete essays containing legit content for school purposes? If a student set parameters relating to topics like history, science, math. With specific parameters for topics they were given assignments on. Could ChatGPT realistically produce a written assignment which would be coherent and valid?

Not knowing much about ChatGPT but having seen and operated a few bots. I feel skeptical chatGPT can accomplish some of the things it is given credit for being capable of.

Students already have sparknotes and frameworks for comprehending school assignments which make assignments much easier in contrast to pre internet era education. Can a bot really have so much impact, as to merit all of these articles and journalistic pieces being written on it?

We're definitely going to see a lot more of this type of action, however it's not really a good solution. It's similar to trying to ban violent video games in order to stop murders. If someone thinks they can cheat then they'll find ways around it. The one major thing that seems able to defeat this AI written content is something like an AI content detector: https://writer.com/ai-content-detector . It works surprisingly well and can judge how much of a piece is written by an AI. You could potentially have students rewriting the AI content but someone who is lazy enough to use it will likely find that just as difficult to do. I've used ChatGPT and it's surprising how well it puts an article together but apparently it follows an easily detectable structure.
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