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2481  Economy / Economics / Re: China silk road plan to europe on: April 11, 2022, 05:16:37 PM
Right now there is war china cant build nothing
They wait when war over then they start china road to netherland the road will go trhough greece to ukraine to moscow so its better way to move goods to russia and europe from china.
Ukraine will be one of the most important location to connect new silk road with moscow.
The plan is financed and everybody waiting once putin done then china start build.

Its good news for europe economy better relationships with china

The silk road goes two ways. China is acting pretty disgracefully in supporting Russia's actions in Ukraine and it will not be thought of as a friendly trading partner if it continues. There is no excuse for Russia's war against a country that simply wants to decide it's own destiny and China is showing that it is only interested in propping up other dictatorships. Europe does get a lot of cheaper, mass produced goods from China, but China also relies heavily on the trade because domestic consumption is still growing and there is still extreme poverty in some parts of China. The silk road both new and old has always bypassed Russia, so this war isn't exactly stopping anything right now.
2482  Economy / Economics / Re: WTF? Food prices expected to raise up to 50% in German supermarket. on: April 10, 2022, 07:44:31 PM
I am not sure that this is not a fake news, because it is in several digital media but not in any of the big ones. In any case, there is inflation all over Europe, and there will continue to be, but such a rise in supermarkets, if it materializes, should make the ECB think about what to do, since its main mission is to control inflation, and lately it had been a bit lenient with it.

'...the German trade association said that before the Ukrainian war, prices had already risen by 5% in Germany "for the entire product line" because of rising energy costs. Moreover, "the second wave of price hikes is coming, definitely by double-digit percentages." Aldi also expects German food prices to rise by 20% to 50% in the next few weeks. According to a survey recently published by the Ifo Institute, almost all German food retail companies plan to increase prices. "Germany's food supply is guaranteed for the foreseeable next year," said the German Agricultural Organization. "But beyond that time frame, it is difficult to make predictions. "'

Source: German food prices will rise sharply, Germans have to face a more impoverished life.

The problem with inflation is that there is no short-term solution to it. You have to have at least a medium-term vision to fight it and it cannot be based only on withdrawing liquidity from the market as the ECB plans to do. Energy policy also plays an important role, and the solution proposed to stop depending on Russian gas is more expensive.

With respect to the ECB, another problem that may be encountered is that of a catch-22 situation. After many years of giving massive amounts of drugs to the junkie, you cannot withdraw all the drugs at once, or the junkie will go cold turkey. Let's see how they do it without a major crisis.


It's not only Germany affected by this massive increase, every country in Europe will have a similar issue. Not only that, richer countries tend to suffer the least in these massive inflationary spirals, which have been made even worse by the Russian invasion of Ukraine. That means that poorer or less developed countries are going to see much larger increases in their food costs. This seems like an inevitable outcome after the disruption of Covid, because money has been so cheap for such a long time, when supply chains struggled and people were coming out of the pandemic with extra savings, it was almost the "perfect storm" of bad outcomes. Unfortunately lots of political moves, like trying to prop up housing markets when they were already skyrocketing, end up in much worse outcomes later on.
2483  Economy / Gambling discussion / Re: sports betting sites that return your money when you lose. on: April 10, 2022, 07:22:58 PM
Yup. Just like what the title says. I have recently been recommended or referred (since it was a referral link that got me to register) by a friend of a friend into an online sports betting site. Being new to such things, I thought I should ask opinions from veterans here whether such things do exist or not. Although that friend claims that he had already made huge amount of cash from this site, I am still pretty skeptical and haven't topped up yet. But I gotta admit it is pretty fun and appealing to me, just wanna make sure before I put some money into it.
I would really appreciate some online gambling veteran insight Smiley)

Either you are a scammer, your friend is a scammer, or that site is going trying to sucker in as many depositors as possible before running with everyones money. The very fact that you are even suggesting that a sportsbook returns your money on losses and presumably returns your money plus extra if you win, makes me think you are in on this whole scheme. Simple logic will tell you that sportsbooks are not a charity, they are around to make money and how exactly are they making any money if they just give back bets if people lose? The very basis for placing a bet is the element of risk, the sportsbook accepts the bet because they find an acceptable price for taking on the risk that they will win instead of you. You really deserve full red trust for pedaling such ideas.
2484  Economy / Economics / Re: Gold , Silver Or Crypto? on: April 10, 2022, 07:09:04 PM
Many financial advisors suggest gold , silver and cryptocurrencies as the best investment for this decade! what do you think?

Who are these magical advisers? Because there are a million others probably saying that stocks and bonds might be better. Or platinum, or palladium, or fine wine, or artwork. Diversification is the best thing for anybodies financial health and you should definitely not limit yourself to only the original 3 options. For starters, gold and silver are usually roughly correlated, so if there was a collapse in price tomorrow they will likely both fall and that's not a very helpful investment. People generally stick with the stock market, if only through pensions, because it is driven forward by productive companies generating cash and that cash is either reinvested or distributed to shareholders, it has been returning something like 7-8%|+ per year on average for the last couple decades.
2485  Economy / Gambling / Re: Do you prefer lots of promotions over better RTP? on: April 10, 2022, 07:04:06 PM
One of the casinos where I gamble have gone totally overboard with their marketing campaigns. They are spending millions of dollars on marketing and to fund this, they introduced several projects to increase traffic to their site. Now, I am not going to say which site it is.... but I guess a lot of people play there.  Roll Eyes

The site is great ....but the gambling experience has deteriorated... because the RTP has been nerf'ed to hell and gone to pay for these projects.

Now my question is this... do you prefer that a casino offer loads of promotions and campaigns and sponsorships and sacrifice RTP in favor of that.... or will you rather have a decent gambling experience with a better RTP?

Let's discuss...  Wink

It's worth considering that promotions are not always a good thing to use. I've seen the odd story and anecdotal evidence in the past that some gambling companies have even created long term penalties against user accounts who signed up and took advantage of welcome bonuses. Obviously this would not be publicized, but these casino companies are black box operations most of the time so they can do whatever tweaking them want in the background and it makes sense if they want to recoup losses on these expensive customer acquisitions. Besides using free bet offers, it might be better - if you intend to stick with a gambling company for a while - to just skip any relatively small sign up bonuses for this reason.
2486  Economy / Economics / Re: Will sanctions force Russia to create a CBDC of its own? on: April 09, 2022, 11:50:06 AM
Ever since the US and its allies imposed economic sanctions on Russia, the country's been going downhill at a fast pace. Putin will have no choice but to look for other ways to help sustain the economy. He can either seek the help of China, back the Ruble with the value of a Bitcoin, or simply order Russia's Central Bank to create the new "digital Ruble". I think Putin will take the latter option in order to become impervious from sanctions in the long term. A digital Ruble living on its own blockchain network would be truly unstoppable. If other countries wanted to bring down Russia's economy, they would need to shut down the entire Internet to become successful (something that's largely impossible). Imagine if the new digital Ruble is launched as a sidechain to the main Bitcoin blockchain. It'll be as secure and censorship-resistant as Bitcoin is, greatly undermining the US Dollar's influence in the mainstream world.

Do you think economic sanctions will force Russia to create a CBDC of its own? If not, why? How do you think Russia's economy will fare in the next 5-10 years? Your input will be greatly appreciated. Thank you. Smiley

They may as well, as the Russian economy is at junk status right now they don't have much to lose. However, because it is the sensible option for them to be doing, it would potentially make them pioneers in the field, it is likely that the government will do exactly the opposite and not launch it. They're looking for ways around sanctions, but it might only be a useful currency for internal citizens of Russia, as few people would be willing to trust the Russia government to have control over a digital coin, especially when it looks like the country is heading towards a default right now. Currency does strongly rely on trust and it simply is not there any more, if it ever was.
2487  Economy / Economics / Re: Bad economy is not good for either super rich or very rich on: April 09, 2022, 09:19:39 AM
Rich in usa not positioned good position.
As food shortages many people will go and take it from others and to keep law and order the govermemt and super elite should for their own good create system when even the hard times people who could be violant to others dont need to if you lock them up in prison then its even more expensive and need a lot resources.
Areas where is a lot gangs when things get bad its a matter of time when they hit to the so called " neigbhoods safe neighbourhoods"

It's hard to comprehend when you don't have access to that level of money, but the richest among us are making big money through good or bad times. In fact they have to be overspenders or follow extremely bad advice to have their wealth threatened at any time. Once you get to the level of let's say $10 million, probably less, provided you live a lifestyle within your means - it's extremely possible to never have to work a day in your life and you'll have a steady income even through the roughest recessions. People with the level of wealth have large chunks invested in the stock market, yes it goes down during bad times but there are still companies making money and paying it out to shareholders, if you're well diversified that income is enough to sustain you.
2488  Economy / Speculation / Re: Will Bitcoin's price stabilize someday? on: April 09, 2022, 08:17:27 AM
Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance. Smiley

I think the longer Bitcoin is around and the more people who own a piece of it, the greater the stability will be within it. Also, you just know there are billionaires out there who are pouring a lot of their ever increasing funds into this sort of asset, who are so swimming in cash that they are unlikely to ever need to sell - this will again reduce the available currency in circulation and create a calming affect on the remaining amount. I think we're already seeing it more and more, where Bitcoin is now starting to reside in a certain range ($30-60k) and the swings are becoming less pronounced, however it still has a lot of retail investors who are very sensitive to price moves and a lot of private equity investors who are enjoying the swing trading environment.
2489  Economy / Economics / Re: Member Of The E.U. Parliament Says Crypto Transactions Shouldn’t Be Anonymous on: April 09, 2022, 06:50:12 AM
Paul Tang, a member of the E.U. Parliament, believes that transferring cryptocurrencies should require information about the sender and the receiver, just like bank transfers.

Paul Tang, a member of the E.U. Parliament, believes that transferring cryptocurrencies should require information about the sender and the receiver, just like bank transfers.

Tang, who heads the E.U. Parliament’s Subcommittee on Tax Matters, called the pushback against the upcoming crypto AML regulation “another social media storm by crypto bros.”

The crypto industry in Europe is set to fight yet another battle in its war against stifling regulation. This time, the fight is aimed against the European Commission and its latest proposal to extend AML requirements for cryptocurrency wallets.

The revision of the Transfer of Funds Regulation (TFR), first proposed in July 2021, will extend the obligation of financial institutions in the E.U. to accompany transfers of funds with information about who is sending and who is receiving the transaction. The proposal itself represents the practical implementation of the existing FATF travel rule that requires crypto service providers to KYC their customers and is set to be amended in a vote on Thursday, March 31st.

As the bill provides no guidance as to how a crypto service should verify unhosted wallets, this will mean that many will decide to forego transacting with them altogether. Those that continue transacting with unhosted wallets will be required to report all transactions over €1,000.

This caused a stir in the crypto community, with many calling this a blatant violation of privacy. Those backing the bill, however, seem undeterred by this.

Paul Tang, a member of the E.U. Parliament serving as the chair of its Subcommittee on Tax Matters, called the public outcry “another social media storm by crypto bros.”

“Just like bank transfers, transferring crypto like Bitcoin should be accompanied with information about the person sending and receiving the funds,” he wrote on Twitter earlier today.

Tang compared holding cryptocurrencies to holding cash, saying they’re both stored without the involvement and knowledge of anyone else—including the government. But, unlike cash, cryptocurrencies are extremely mobile and operate in a borderless world, which increases the likelihood they’ll end up “in the wrong place,” he explained.

“So the identity of unhosted wallet-holders needs identification—just like you need to identify yourself when you deposit money at the bank. And we want authorities to be notified in case any one person receives a total of €1,000 from unhosted wallets. That is a red flag.”

He said that the threshold of €1,000 in total is an attempt to disable “smurfing” when tracking crypto transactions. Smurfing refers to the act of sending transfers smaller than the limit required by AML regulation, which usually stands at around $10,000. The varying price of cryptocurrencies means that thresholds like these are hard to enforce, which is why the E.U. believes it would be more productive to cover basically all crypto transfers.

Tang says that despite what members of the crypto industry say, these are important tools to fight money laundering and terrorist financing.


However, the future of the crypto industry in the E.U. might not become as bleak as Tang wants it to. Previous attempts to introduce regulation as stifling as this one was rejected by the E.U. parliament and there’s a high likelihood we could see this happening again.

Source: https://www.coinshots.com/news/member-of-the-e-u-parliament-says-crypto-transactions-shouldnt-be-anonymous

This seems to be the end result of what we see with Bitcoin: Do people prefer having a global digital currency which potentially cuts out any middlemen taking a slice of the action or do they want an anonymous form of currency (which will often be portrayed as a means to evade paying their fair share in society)? You can praise all the benefits of Bitcoin while leaving anonymity aside - it's fast, decentralized, allows cross border payments with minimal costs and does not have an individual point of weakness. Ultimately the world is run by governments and those governments want to know generally what money is doing within their borders, so this is a problem that will never go away and needs to be faced.
2490  Other / Politics & Society / Re: Is Putin at risk of being stopped by his own military Generals on: April 08, 2022, 07:56:17 PM
] Oleksiy Danilov, head of Ukraine’s security council, said 'eight Russian commanders have been fired since the start of the conflict amid heavy losses on the battlefield'.  one of which is General Roman Gavrilov, 45, the Duputy head of National Guard Unit who has suffered major losses in Ukraine is canned amid claims he 'leaked information that led to loss of life's and 'squandered fuel'.

I think this is the first of many unpatriotic acts that we will expect from Putin's own generals because frankly, this war is costing them a lot of money and the average Russian soldier doesn’t believe they are on some weird quest for the Holy Grail in Ukraine.
what are your thoughts on this?

Due to the way Putin has isolated himself and is likely protected by a very select security team, while being kept in physically secure locations, it is unlikely that external visitors would have the ability to get close enough to take him out. There is no way anyone could arrest him, so that would be the only action available. He is at Hitler levels of paranoia and that probably plays a large part in why his advisors have been able to deceive him about how "successful" the war was during the first few weeks where the Russian army was being destroyed all over. His personal protection is likely quite effective and he has a huge entourage inspecting his safety on the very sporadic cases he is seen in public now, so it's unlikely any weapons can get close to him - it'd require one of those close protection officers, who have huge loyalty, to turn on him. These disgruntled staff members probably have little to back them up after they fall foul of the Kremlin.
2491  Economy / Gambling / Re: Which would be better ? on: April 08, 2022, 07:44:20 PM
Which would be better for gambling casinos or sports games?
I've seen both but sports seem a lot easier to me and casinos are hard for me.
  • What do I need to know to play casino?
  • Which is a more profitable casino or sports game?
  • And Which Platform should take as a newbie gambler, casino or sports?


It depends what you're after really, if you simply want a quick buzz and thrill of seeing some games with flashing graphics and whirring sounds, then dive straight in to enjoy the atmosphere. Otherwise you should probably try to learn where you will make optimum profits against the house or other players. Some games in a casino, usually against other players, might allow you to crank out a margin if you are skillful enough and with a lot of practice. Sports betting is a pretty tight game, the bookmakers rely on sophisticated number crunching with millions of data points to statistically analyze outcomes - which are updating all the time, so again you need to figure out if you can make a profit. The best thing to do, unless you're in a purely skill based game, is forget about a long term profit making career because the odds are stacked against you.
2492  Economy / Economics / Re: Russia as the cornerstone of the world economy on: April 08, 2022, 06:36:57 PM
The invasion of Russia in Ukraine has highlights different repercussions be it positive or negative.The war going on presently is not only between Russia and Ukraine but between Russia and the world at large.the Russian government has every country on its toes now.
   Russia may be going through economic decline presently cause by the war.buy I am certain before starting the war,they have projected the long run advantage of the war.
   Political war is not a problem to Russia but ecomical war which is presently going on with most of the countries of the world

Why are there so many confused new posters parroting blind Russian propaganda? Is the troll army now in overdrive considering the dismal performance of the Russian army and how the last 20 years of strategic manipulation by Putin was thrown away within the space of a few weeks? The Russian economy is going to sink and since this war seems to be dragging on, it looks like they may end up sitting in stagnation and isolation for many decades into the future due to this massive miscalculation and incompetence of leadership from the very top downwards. Every day we see new sanctions applied and eventually Europe will aim to wean itself off Russian oil and gas which is the last big remaining source of income for this country - because they produce so little else.
2493  Economy / Gambling / Re: PRIMEDICE weak self-exclusion system on: April 07, 2022, 08:04:38 PM
You should have self-control while playing gambling.

It's not easy to say and do it if ytu are addicted to gambling since you don't have self control seeking professional psychiatrist would be a big help in my opinion and I agree with the OP I think all gambling site not just Primedice should strengthen their self-exclusion system since if it is strong enough the OP wouldn't be able to create an account easily and play again in Primedice.

ya.ya.yo!
That's the problem. Without good self-control, someone will come back and create a new account if he can't log in to the site, deposit more money, and play again.
Maybe Primedice can block IP or anything related to @OP so @OP can't create a new account just to gamble.
It could be done but without @OP's self-control, it would be pointless.
@OP will try again and he will even try on other sites.
If this is the case, which is to blame?
Even if he's already been IP blocked but if hes that addicted and with the current number of gambling platforms or sites in the market then it is likely still ending up on the same scenario
on which he would really be depositing once again the repeat the overall the same problem and blaming time with the site that he would get involved with which is basically
and obviously showing that gambling addiction is something that should really took the blame and not the site nor the service that it do gives.

While I think every gambling site should have a comprehensive system for self exclusion, someone who has not accepted they have a problem and wants to gamble, will be able to find outlets to take their money. IP bans are not foolproof at all, especially with all the proxies and VPN options out there - unless there is a proper KYC process in place it will be impossible for such a site to enforce this because new accounts can be created almost instantly. Self education can be really important because the odds are so stacked against you in dice type games - there is literally zero skill involved which means you'll never be able to get any advantage over the house that is steadily taking your money and sometimes paying back peanuts.
2494  Bitcoin / Bitcoin Discussion / Re: Crypto Scams now the second largest in the world on: April 07, 2022, 07:42:47 PM
According to the report from Better Business Bureau scams involving cryptocurrency are the most prominent and riskier one after the online purchase scams which accounts 37% of world's total scams. Earlier cryptocurrency was placed at the seventh position on this list, and during the year 2020 it has moved to the second position. Only 2% of the scams around the world account to cryptocurrency scams, but the amount involved seems to be high. On an average it is found to be around $1200. With cryptocurrency Scams/frauds Rug Pulls are very common.

Quote
What is "Rug Pull"
This is a process of creating new cryptocurrency. A person or group create and establishes whole new cryptocurrency or token that investors can put their money into. They garner all the funds they need, and right when the token appears to be reaching a new price peak, the executives run off with all the cash, leaving investors with bruised egos and empty pockets.

Crypto Scams now the second Deadliest in the world :BBB

It makes sense really, because cryptocurrency offers the ability to reach into someones wallet without ever having to step outside the comfort of your own home. We've also seen the last 14 years of it's existence how easy it is to scam, cheat or just outright hack your way into that situation. Many people seem to take for granted how few major banks or financial institutions in the mainstream have been hit, and for those that were, the government was willing the underwrite the losses up to a certain amount - there is no such protection in the wild west of crypto. It's also incredibly easy to move it around, but cashing out has become increasingly fraught with danger due to increased identity checks at the points of conversion to fiat. Hopefully the amount of criminals being caught will continue to increase to shake this image.
2495  Economy / Gambling / Re: Do you want to be an admin of an online casino? on: April 07, 2022, 06:12:34 PM
Hi guys, I've been working for months to develop an online casino and I'm already in the final stretch, I'm looking for someone interested in buying a part and managing the casino.
I am asking for an investment of 0.01 btc.
if you are interested in being part of the administration, you are welcome!

The website is https://newgames.cc

you can contact me by telegram:   @cont_luizxind

or twitter @Luizxind

This seems like a disaster waiting to happen. If the owner of this site cannot fix basic things like setting a page title from "Undefined" and knowing the the correct spelling for "Roll" is not "Rool" then you should have zero faith in their ability to keep a casino online. Either you're going to end up doing all the hard work to turn this into a prosperous site, at which point it'll be sold or your admin abilities get removed, in the "best" case scenario. What's more likely to happen is a real or staged hack will end up taking place after a small amount of depositors have placed a fair amount of money into the site. Even if it did start to take off, it's going to be the target of relentless campaigns to take the site down and this owner doesn't strike me as having the financial resources to fight back.
2496  Economy / Economics / Re: Thailand ban using crypto for payments on: April 07, 2022, 06:09:16 PM
As the cryptocurrency adoption rate increases every day across the globe and many countries are using bitcoin in their daily business transactions and this has in so many ways help in boosting the economy, of recent many countries have being accepting tax payment in crypto as in Florida among others but to the other side of it is coming about Thailand Puting a ban on making cryptocurrency transaction by it commercial counterparts, this statement was made by the Thailand SEC.

It could be recalled on how Thailand has recorded a massive growth in the crypto space with over 600% increase in transaction volume as at last year while over $3 billion worth of cryptocurrency user asset was recorded since the beginning of 2022.

This "ban" is effective starting from 1st of April, 2022, all their financial institutions will be unavailable to carryout transaction in bitcoin or any other crypto asset and in making payments for goods and services. It is also good to note that this crypto ban only affect their banks and any use of crypto as a payment media for goods and services but individuals trading and investment in cryptocurrency is not banned and a good alternative to this is using P2P for transactions in other to have a continuous crypto runnings and operations from been pause in the region.

https://ambcrypto.com/thailand-one-of-asias-biggest-adopters-now-barred-from-using-crypto-as-payment/?utm_source=thecryptoapp

It seems like a lot of countries in Asia and Africa are making a renewed effort to ban cryptocurrencies, in the end it seems like this will backfire on them. It's just another target of authoritarian style governments because it allows people to transact without having to prop up the local currency and all the corrupt insiders who run it aren't able to take a cut any longer. I guess overseas companies will still accept people from these countries and not have any sort of legal obligation to disclose their activity to the Thailand government, since they have blocked it outright - they forfeit any cooperation. Seems like the local government fails again and more open countries will have companies that win.
2497  Economy / Gambling / Re: how to choose best Gambling website for Gambling ? on: April 06, 2022, 08:25:17 PM
There are gamblers that only reads when they find trouble and has to face it. It's true that it's needed to be done and read before they proceed because it's going to give them the warning if they ever had evil plans.

It's a common issue these days that when they have committed a violation, that's the time that they'll be curious with the rules and they can't complain against it because they're the ones at fault even if they re-read the rules.

This is very true and something I've only just learned in the last few years. When there is substantial money involved, you should do your research up front and spend a good amount of time investigating any site that you start using. Not only because they'll be holding your money, but because they'll probably need access to your private documents like a drivers license or utility bill for verification at some point. Read through plenty of reviews, you'll find that many are just disgruntled gamblers so a lot have to be discounted, but you should also take care with how the company respond to such reviews. If they're always dismissive instead of querying or reviews highlight withdrawals as a particular problem, that's a bad sign. It might feel like a hassle to check these things before, especially when you want to dive straight into gambling, but it could save you a world of hurt than finding out after you want to withdraw.
2498  Bitcoin / Bitcoin Discussion / Re: Proposals for global shutdown of crypto on: April 06, 2022, 07:43:36 PM
The goal would be to end the ecoonomic destruction of bitcoin / crypto while causing the least losses possible to public.

Ideas on how to shut this endless crashing garbage down safely?

You're asking how do you stop rain or wind, it's a pretty silly question. There are over 200 countries in the world, with billions of people and many politicians who are trying to carve out different agendas. The only slight effect you might have is by protesting or supporting crypto positive politicians within your own country and it'd probably be best to settle for that. Alternatively you could choose to participate within the developer scene, seeking out and implementing new ideas that chip away at obstacles to adoption - like figuring out ways to reduce transaction fees, increase speed or make miners less energy intensive. Maybe even work with legal services and steer them towards the best balance of laws that protect privacy as much as possible while satisfying anti-criminal action.
2499  Economy / Gambling discussion / Re: What is your opinions about simulated reality games? on: April 06, 2022, 05:52:17 PM
Interesting. I have seen this at several bookmakers but didn't take it seriously as it looks like slot machines to me (purely psychologically). I would like to know if anyone has done research on how well these games match the real ones - are there such insane results that we sometimes see in reality or the spread of outcomes is smoother.
It could never be comparable when it talks about reality aspects which neither it would happen or not and since its simulated games then results could really be totally random and surprisingly
there were people who do really get interested on making out some bets out of these games considering that they arent live ones or basing up on historical data just like on whats been mentioned
above then it might be totally or 100% random in result where some people do find it out to be interesting.

Proper simulations should give results that, on large amounts of data, will be indistinguishable from the results of non-simulated games. That is, regardless of whether you really toss 10 dice or simulate this process, with a certain number of tosses, you should get 10 sixes.
Still, when I think about the mathematical background of the process, I understand that I will never bet on simulated games, because it may be almost the same with a "live" game, but in a live game, the better and the bookmaker compete in predicting an unknown event and in simulated games, the bookmaker is initially on the side that controls all possible outcomes.

One interesting angle on this is how simulated reality games will be able to connect different players across the world in new ways. Just imagine a device which could, in some sort of suspended mech suit, impose all the expected gravitational forces you might get and accompanied by some sort of weather generator, combined with a full visual and auditory headset almost trick the brain into a sensory overload where you would enter a virtual environment completely. It could mean football matches, or any activity for that matter, being played in a virtual stadium without players having to leave their own home setup. It's a bit of a scary thought how far technology will progress but it's going to reach this point and ultimately end up like the matrix (hopefully without the robot overlords)
2500  Economy / Economics / Re: Pay in rubles or have your gas shut off by April on: April 05, 2022, 07:15:35 PM
Putin has threatened so called unfriendly states to pay in rubles or have its gas supply shut off. It has said it doesn't buy things for free and so isn't going to charitable with its energy.
Europe has kicked against this with Germany saying its being blackmailed by this move. What other choice does Europe has with Russia alone selling about 40% of energy to the world.

There is a lot of bluster and idle threats between the two countries, but it's a catch-22 situation for Russia right now. They produce very little else that is desirable to Europe, so the biggest and possibly only economic threat the can use to counter all the sanctions imposed against them is oil and gas. Yes it would hurt Europe, but in the short and long run it would hurt Russia much more. Europe is the most premium paying market for Russian oil and gas, paying almost half a billion per day and once those taps get turned off - there will be no chance of turning them back on again and rerouting that supply to much cheaper paying markets would take a very long time. Russia is playing a very dangerous game threatening to turn the supply off, which is why that has been kept relatively quiet for as long as possible, if they were truly serious then it would have been turned off weeks ago.
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