There are talks among the world's major central banks to begin the creation of their own digital currencies (Central Bank Digital Currencies for that matter). The launch of Bitcoin, and the widespread popularity of "De-Fi", has led governments to act fast before they're left behind the game. They know they can't beat Bitcoin, so they will try to be in-par with it by launching digital currencies of their own. The average person won't notice any difference with the new digital cash system, as everything would be the same as using a credit/debit card. I'm beginning to question whenever CBDCs will be able to replace paper money for good, or will it co-exist with the old system? After all, credit/debit cards didn't manage to replace paper money when they launched. For being in the 21st century, I'd say paper money should be phased out as soon as possible. Everything should turn digital, as we live in a digital society. How long do you think it will take for paper money to be phased out for good? Will CBDCs be able to replace not only paper money but also credit/debit cards? Your input will be greatly appreciated. Thank you.  If anything has been a test recently for the ability to filter out hard currency, it was definitely Covid. The amount of people who switched to electronic payment methods surged throughout the pandemic and lots of online financial institutions benefited. Now we're somewhat seeing a reverse in that trend, as bad economic times in the form of recession have caused some to return to counting out coins and notes as a budgeting strategy. It seems like having cash available is good, especially as banks can break and having a backup solution of physical objects is helpful in certain circumstances. We're also forgetting that many other countries in the world are still playing catch up to the most cutting edge solutions in technology and accessibility. |
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It's one of those hot news, and you can find in almost all the Newspapers.
It looks like Qatar bribed eight Ecuadorian players for $7.4 millions to lose the wold cup opener. And this isn't weird to me, i mean if they already pay a shit ton of money to have the world cup in their country then we can expect from this world cup to be the most corrupt event in the Soccer history.
Right now odds pays x3.26 if Qatar win, i know is a risky bet but i'm almost sure they will win. Will you place bets on this game after knowing about the bribe?
You have to just love it when a plan doesn't come together and Qatar were unceremoniously dumped out of the competition in the worst way. To top it off Qatari's have shown that they are pretty poor fans, after emptying the stands when it was clear their team had lost and failing to support both teams until the very end - why was it hosted here again? However, it just goes to show that when the spotlight is on you and this rumor was circulating more wildly elsewhere, then any Ecuadorian players who had been offered the deal knew that it wasn't possible. That just left playing their heart out and proving that they were much better opponents than the Qatari quality players. |
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New York Attorney General Letitia James in the bid to protect retirees from the dangers of investing in Crypto currencies, digital assets, digital tokens and digital coins has egged on Congress to pass a law prohibiting crypto investments in retirement accounts.
Her point of concern is on the Individual retirement accounts(IRAs) and defined contribution plans, like 410(K0 plans and 457 plans for government workers, which has been the investment option for millions of Hardworking Americans after retirement. She sighted the recent development in financial institution where Bitcoin became an investment option in 410(k) plans, and other financial institutions expected to follow suit. With the recent downtimes in the crypto market and the market turbulence, Attorney General James emphasised on the protection of workers' retirement funds and save them from the risk associated with cryptocurrencies.
Most of this retirees know absolutely nothing about how this digital assets work. The just trust this investment plans to make the right decision for them. Attorney General James is only been protective of her citizens to save them from the downtimes because the only depend on pensions for survival as such risking them on assets the can't control themselves can result to sudden death and heart failures. Because they will have to wait till the market becomes favourable to start making profit on their investments.
In the current world we live in, where phone scams are prevalent and the oldest generations are still extremely unsavvy when it comes to the internet, you have to fairly judge whether directing them into such investments is a wise decision. Traditionally as people enter retirement they should be in a position where their portfolio is almost entirely derisked - put into low paying but steady government bonds of the most reliable nature. Crypto however is the extreme opposition end of the "investment" spectrum and it makes sense to put some added protections in place to somewhat try and protect people from their own poor financial practices. It should not be banned entirely, but only very knowledgeble buyers should be in this space. |
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I see that this is reality that the cost of running the family house hold daily, weekly, monthly and yearly has increased. From different people that have complained and including friends, it is getting so much of frustration to taking good care of the family to live fine because inflation and no job. To buy basic need in the house not easy. A friend that have add a new born to his home complaining of buying diaper, provisions for the new child as expensive in addition to the expenses to take care of the other children. The situation of bringing up the family is not easy and I think one way to helping ourselves not to add more financial burden is by reducing the number of children we give birth to. This can help.
This friend of mine now complain so much because of the new child adding to his family. If we reduce the child bearing to the amount we can take care , it will reduce the heat we are feeling from the bad economy experience.
Prices have definitely got more expensive, first because supply chains got screwed up during Covid, which was on the way to fixing itself and now since Russia has waged a war on Ukraine. The war has caused all sorts of complications that were unnecessary, driving prices up across the world because commodities and food is harder to come by now. This does have a ripple effect out to family living, but it has been expensive to raise a child for a long time. It's a bit of a vicious cycle, because more children conventionally has given older generations a better standard of living as there are more people below them to keep things like wages down and suppressed. If there are fewer children around then there will be less ability to support older generations or keep things like government pensions going, so be careful what you wish to get. |
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Online casinos and sports betting platforms are big businesses like we all know, and currently considering the economic situation of things around the world many businesses are affected and have been taking measures to cut costs in terms of reducing staff, taking loans etc to still be able to sustain operations. How do you think online casinos and sports betting platforms are adjusting to manage the situation?
You'll likely find that gambling companies will perform well in periods of instability and depression compared to other sectors. In some sense the demand for entertainment in the form of betting is rather inelastic, like smokers who will continue to buy cigarettes even with large increases in the price of a packet, it's almost irrelevant to people who make heavy use of it. The only people who might not be playing any more, are those that have decided to cash out from crypto entirely because they've seen a large drop and got scared it will go lower. However most gambling companies these days have such a wide range of payment solutions accepted, it is unlikely to have a lasting impact at all. |
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As I've been saying for the past year, the world has been dealing with 4 major conflicts: 1) Economic war 2) Energy war 3) Food war4) Armed war between NATO and Russia and possibly China and others in the near future The most serious ones are the first three that even have more casualties! The economic war has already led to high inflation and recession; US keeps printing more money causing inflation but they export most of it to other countries while half the world is trying to dump US dollar and move to a parallel economy. The incompetent EU governments keep printing more money to throw at the inflation which makes it even worse. They even increase interest rates that has diminishing effects on the inflation but increasing effects on recession. On top of that we have the energy war that is increasing price of energy, to which the EU governments print more money to give to energy companies to artificially keep the price low for home users while shutting down big industries that puts hundreds of thousands out of work. One of the results of all this crisis and incompetence is going to be the high increase in mortality rate in Europe. With a number that is expected to be surprisingly higher than the total number of casualties in Ukraine-Russian war! Talk about over exaggeration and clickbait titles, this is a prime example. Europe is one of the richest places on the planet and is suffering a rather mild winter (even ignoring it's temperate climate in most areas). Just sticking "war" on the end of something doesn't make you a genius. Just look at the "War on Drugs" which has been going for decades and has only gotten worse in all that time, it's a pointless designation. It could actually be a good thing that energy use is lowered, if extraction was lowered too, because climate change is what is really going to screw over the world in the decades to come. Besides that, Europe will definitely be able to cope and it is other nations who end up paying more due to Putin's war that will not be able to manage as well. |
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I would like to have you guys speaking about different gambling techniques so that we can exchange knowledge and improve our winning chances.
I'll leave my simple technique here and I'll hope you guys can leave some more!
I often use the stake doubling technique to several games. I normally do this with dice games and if it played correctly its profitable. What you have to do is simply start with a small stake and every time you lose you double your steak until you win. Once you win, you will recover all the amount you lost. This works if you have enough money to keep doubling your bet, so you should do your math and check with how much you should start. It is not infallible but it works.
If you want to win at gambling then you need to fully understand the odds that are set against you and the nature of the game you are playing. These days the gambling companies have mastered so much statistical information that you are unlikely to win against the "house" in any way, even sportbooks are going to take your money over the long haul because you will be less precise. That means you need to pick a game where you know there is a chance to win, that game is probably poker - it has a huge player base, plenty of variation and more importantly you can win if you take the right approach to learning. However to beat the masters in poker you will really need to evolve, be able to do strong mathematical calculations quickly, base your betting off that, have patience and be able to manage your bankroll effectively. |
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Guy often tell me house is a force saving. By looking at the market today, full of scammer roaming around, and countless unsavoury characters and get rich quick scheme, jobless highly educated youth. I conclude buyhouse is not only a “forced saving” but also a “save yourselves”.
House price is soaring, but finance advisor telling me to debt maxxing on house loan 90% loan and 0~10% dp, and it’s fine. Because bank want to increase revenue, increasing house price is what the bank did, by increasing house price, guy would take more loan to buy house, that way bank can increase revenue by increasing house price and increasing the loan to buy house, then bank can charge interest on the house loan to make profit. But what I often heard is guy tell me to debt maxing on house loan, don’t care about saving, it’s a recipe to disaster to me. So guy today hope the house price to collapse and they can shop house on the bargain, that’s one wishful thinking, the bank cartel and house developer wouldn’t allow that to happen, reduce house price would make it bad for bank to sell more house loan, and bad for developer too, the blackrock would stop that effort, however as usual some guy would loss everything due to greed, if over leveraged on house loan, would loss everything.
Over the last 20-30 years it is hard to find a long drop in house prices but you should really think of a house purchase as a separate category of investment. It's a place where you can live in privacy and comfort, a place which you are paying off and not paying off for someone else in the form of rent, plus many other benefits. Once it's paid off you just have to cover utilities and taxes which are minimal in comparison to the cost of purchase. There are so many advantages, but the price has steadily ticked up over time and should be thought of as an added bonus. It is highly dependent on where you live and the current situation, because many flats struggled to sell in the pandemic with no outside space to use. |
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Cock fighting is a kind of gamble that bet is placed on the two cocks whereby if cock A wins all cock A supporters wins. It is a legalize gamble in some part of Asia
In the westside of my country during sallah, the Muslims buy rams for celebration, if the ram is bought before the day it will be slaughtered, one of the youth in the family will secretly take this ram out to the field were other Muslim people are with their rams for gambling.
It use to be fun when you see this ram nodding themselves to the extent that some rams might even die at the process of fighting and some rams will lose their horns. Money is been made at this period because so many gamblers will go there to stake on a ram in other to make profit
This kind of gambling is always fun because these animals fights in the circle of human, have you been involved in this kind of animal gambling or have you watched such game before. Can such game be in the casino?
You have to live in a pretty sick society and be pretty messed up in the head to think that pitting two animals, who would in most situations be reasonably peaceful towards each other, into a fight to the death or serious injury. It's a sadistic mentality and shows how certain countries are stuck in the stone age with a very long road to ever be called civilized. Many other countries stopped doing this many decades or even centuries ago when they began to appreciate life even more, over barbaric short term blood lust. The fact that it is all done in the pursuit of money just makes it even worse and shame on anyone who supports such cruelty to animals, it seems immensely hypocritical and the opposite of how a religious person might claim to be. |
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The central bank of Nigeria (CBN) had made an announcement earlier last month on it plan to redesign Nigeria currency due to some numerous reasons which the most notable among is that, a larger amount of the country's currency is in circulation. So, in an attempt to reduce the money in circulation, the apex bank in the country (Nigeria) redesign the bank notes and issued a deadline for the old notes to be returned to the bank. It's not longer a news that NGN is traded at the rate of NGN700+ against USD1 in the black market while the official bank rate is around NGN450 per USD1. The Nigerian president, Muhammadu Buhari unveiled the new naira notes yesterday during the weekly federal executives council (FEC) meeting. during his speech, the president commended the CBN governor on this move and says the new naira will help strengthen the country's economy.
However, the Nigerian citizens expressed dissatisfaction and disappointment after the image of new naira notes goes viral in the social media. They claimed that the CBN dye and bleach the old notes and call it redesign. It's obvious that it's only the color that differentiate the old and new notes but that's never an issue if it can serve the purpose it was made for. The CBN however, justified its action by saying they're not after the beauty of the new naira and that it has features which the old one lacked. Apart from being more durable than the old notes, the new notes is more secure which will make it more difficult to produce counterfeit and also capable of strengthen the economy by reducing the money in circulation.
what's your take on this? Can the new notes actually strengthen the economy as claimed by the CBN? Your views please!
It depends what on underlying purpose that is driving the change really, it will have small effects but the government should definitely consider whether it is worth the cost of all the new banknotes printed out. If you look at counterfeiting for example, there are some highly professional criminals out there (and even countries like North Korea) doing this sort of forging on a large scale, so if your bank note security features are very weak then newer technological advantages could be very beneficial to preventing fraud. That seems to be the primary benefit you could get from a change, although you might get a sweep up of tax avoiders who have hoarded money in notes trying to cash in before the time is up. |
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this is a good topic [Gambling house responisbilty to protect people data] and it should be mandatory for gambling houses to keep user privacy safe but there is something interesting that I saw in a tweet; The man's reasoning is reasonable, but in my personal opinion this is an irresponsible act, he should as a husband, be honest with his wife or children and even if they turn into lazy, he just needs to educate them hard. what do you think, is the man's action right or if you experience it (win a big jackpot) will you do as the man did or even be honest with your victory to your family?? It's a bit unusual but perhaps the reason he gave was just a red herring and he doesn't mind. In reality it's more likely to be friends and family who will pursue more hassling intentions. Money can have a bad habit of ruining relationships, so it can sometimes be sensible to keep it quiet and be more generous in peaceful, unforced ways. It's more a reflection of the greedy state of the world than his personal relationships. |
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Central banks have taken a hawkish stance against inflation by raising interest rates at a constant rate. Their goal is to reduce the negative effects of both the COVID-19 pandemic and the Russo-Ukraine war on the global economy. While history has shown us that rising interest rates reduces inflation over time, this time is different. There are huge disruptions in the global supply chain and geopolitical tensions are rising at a fast pace. We can't expect inflation to lower down based on rate hikes alone. If the war prolongs to a very long time, I can't imagine how successful central banks will be in trying to tackle inflation for good. Do you think such financial entities will fail in their goal of lowering down inflation? If not, why? Is there still hope for a global economic recovery when the war and the pandemic are at play? Your input will be greatly appreciated. Thanks. Central bank's are often portrayed as some sort of super intelligent and insightful organizations that can somehow prepare for future problems. However as we saw with the financial crisis in 2008 and how inflation has overwhelmed them, they are often merely reacting to events or sometimes even cause them through poor regulatory controls. Be careful where you put your faith as it can be an illusion to keep the masses pacified. |
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I have been playing online live blackjack on casinos long time ago and had so many crazy games and moments, i never doubted that the casino will ever try to manipulate things out since we all know that with the long run the dealer has more chances to win. But since i saw this video on tiktok were it shows an obvious cheating from a casino which i don't know or even accuse since maybe the video is made up. But it's also making me think of all the games i lost for example happened to me getting 21 not as a blackjack pair. The dealer have like a 4 then gets also a 21 in a very weird way and for multiple times in one session.
All i want to say is maybe many casinos did cheat in this way that are shown in the video before, i want you to share your thoughts about this and also if you ever catched a casino cheat in blackjack games?
There's two parts to what you've said that need to be deconstructed: Yes it is perfectly possible for casinos to cheat in the manner you describe, but by the very nature of the odds being slanted in their direction you are bound to see more periods of time when they are winners, often many times in a row. If you feel something is "off" in any way, you should definitely leave the casino and simply accept any prior losses - don't lose more as their are abusers like this and you can never prove it. Secondly, many people after bad losses can only think in one mindset - that of the casino being a cheat - and will seek out any kind of "evidence" that they can find which will support that theory while simply ignoring anything else presented around them, a sort of self validation spiral. |
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5 things you should not do with your money to get rich or advance your lives
1. Don't spend without a plan
2. Don't brag about having a lot of money
- This is correct because it is your money where you can do whatever you want to do with your money. But whether we admit it or not,
being arrogant is also the reason for handling or mishandling our money.
"2 things when you have a lot of money"
a. You make a new friend.
b. You have a close relative.
3. Don't always buy something that loses value
4. Don't waste money on useless things
5. Don't invest suddenly
These are some very wise observations, unfortunately most of these are in reality only learned through trial and error. Hopefully the errors are small enough and the person is intelligent enough to assess them before they get too out of control. However things like not investing too suddenly can also be tricky to gauge - just look at crypto, many people thought they were investing early on, watched it go all the way up to $65k and are still holding it after it fell back down to earth. Knowing when to cut your losses and accept a failed investment can be very important too - many people have the opportunity to cash out over a long time but end up losing everything instead. |
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Does MMA Have A Gambling Problem? https://www.youtube.com/watch?v=BK2zv1DjkAQin every broadcast of the fight, MMA experts the likes of Jon Anik and DC provides analysis of what happen and who they thought won the round while odds are also flashed sponsored by sportsbookie like Draftkings. the video take a closer look at the relationship between gambling and combat sports to see what lies ahead for mixed martial arts while MMA sports becomes popular like boxing. a lot of things said including the histoy how boxing and MMA started. i actually learn fighters, the team and even their family members are not allowed to bet on UFC bouts, i think was part of the code of conduct. because the general public now trust the system where there are no mafia or corruptions like rigged fights. will MMA have a gambling problem? It seems to me that MMA is far from exclusive in promoting gambling and it has infected almost every sport by this point. We see it all around the biggest football stadiums, so it doesn't feel right to define it purely as an MMA problem and at the end of the day it is likely contributing to the wages of the fighters. At least with MMA you tend to get an older audience, over 18's perhaps instead of football idols watched from the very earliest ages. It definitely ties in more fairly with the sport, but maybe the advertising is more garish and noticeable in this environment. Either way, it is only the regulators in certain countries who will be able to stamp this sort of thing out. |
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Bad economic situation creates more crimes always.
Right now crime is going on and more need to spend for security so If the Fed and all others central banks Will turn off the printers it's not cheap becouse what they do with crimimals.
Soon many people need bodyguards and not good to drive Even in Western countries with flashy cars crime are rapant.
So anyways we all want safe life so we know solution we got to turn on money printers and make sure inflation not going high.
Back in the days people use to be soft more but now people cant handle dangerous surroundings.
While you have a good idea with your first sentence, your second sentence is an absolute mess and after that you really seem to lose the plot. Don't you worry about the richest people who are paying body guards for protection, because they certainly don't think about you and are more shielded than the average person on the street will ever be. I don't know what poor and corrupt country you are from, but even in the middle of the worst recessions people are free to drive in their flashy cars without fear in most western countries. Your ideas about turning on and off the printers are totally detached from how crime levels are fluctuating. You can have recessions whether central banks are gorging or not. |
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Hello guys, as an attempt to protect new or old users on this forum , I think its mandatory for gambling sites to show proof of money they are holding in reserves . Unless casinos converts all deposits to a stablecoin , excluding UST hahahah , from year to date most of them should be running on a loss as most utilized crypto coins are down by atleast 65% and that includes Bitcoin .
There will be more and more accusations created to existing and also new casinos.
Goodluck,Be safe and smart out there!!
If you have been paying attention to crypto casinos in recent years, you'll have noticed a steady trend towards offering both crypto and fiat, as many are now based in perfectly legitimate jurisdictions around places like Europe. In that sense, they have branched and are somewhat shielded from any adverse consequences of crypto falling down. While it is their specialty and some that are less diversified in the payment methods accepted will falter, many of the biggest name casinos and sportbooks in this sector will barely feel a blip. Another factor is that there may still be a wave of people buying in at lower levels who will simply be using crypto as a very short term holding. |
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I was listening to a YouTube video by a famous business man and he was saying that he prefers to hire employees who are smarter than him. Do you agree with this style of working? What are the possible intentions behind doing this? Isn't their fear that these smart employees can steal ideas from office or get client details and then start their own companies? What is your view regarding this?
A good business owner will surround themselves with intelligent and creative people because it will help drive their business forward. However, they should always be aware of their own weaknesses as well and how they can potentially be abused by such people. They should also fairly compensate their staff, as this will help to breed a constructive work environment where the riches of the company are adequately shared between more than just a handful of people at the top. This sort of staffing will help to attract other similar talent and can propel even mediocre businesses forward by eliminating waste or being much more productive with the resources that are available. |
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I think I am one of the unluckiest gambler/bettor out here, today is one of my worst days again and I think I should quit betting.
I went all in on Argentina thinking their match against Saudi Arabia would be an easy win for them, and the fact that the odds were so far away against Saudi Arabia winning while it was in huge favor of Argentina caused me to be so sure that Argentina was going to win the match, and then, I went all in, hoping to make some big wins just like yesterday, but now, everything is gone, in just a twinkle of an eye...
Argentina is a big disappointment, It's still hard to believe, I quit betting until I am able to forget this experience entirely.
I think lots of people would be in a similar boat you you. Frankly, it is more accurate to see Saudi Arabia paying bribes to secure their victory than it was the hosts Argentina, but it's something that will never be known - flukes do happen as well. I'm not sure if the Saudi team will get much further, as now everyone will have their guard up and Argentina might have been taken by surprise in underestimating their opponent. In fairness it is close to their "back yard" and they will be more acclimatized to the current weather than most other teams. This is why you must always keep your bets low, because great upsets do happen - just look at Italy who never made it in. |
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It is well known fact that a lot of Twitter employees are leaving the company. Now the news that Tess Rinearson, who was made the head of Twitter crypto team has made a tweet stating that he is leaving the company. Many other people in the crypt unit of Twitter space also followed her and announced that they will also be leaving the company. What impact do you think this will have on crypto space in general ? I am sure they must be working on crypto inclusion on the platform in some way and now when they have left the decisions will be delayed in this matter.
It feels like Elon is on some mad quest to destroy twitter from the inside, maybe it's his $44 billion dollar mission to stop the guy who was regularly tweeting his private jet travel plan - the most expensive take down in history. He really is being extremely wasteful with his money and other money that he has borrowed, crazy to think he is even expressing that it is ready for bankruptcy after he has only owned it a few weeks now. It will definitely be very weakened after losing so much talent which will be hard to replace and there are very few people who will be enticed into such a toxic work environment in future. It's impressive how badly he has managed the whole affair and how much contradictory stuff he comes out with. |
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