I knew that most of us here experienced doing an all-in bet whenever when we are already down significantly amount of our bankroll and already get tired to slowly earn back your losses.
I’ve done this several times and I manage to save my bankroll to profit/breakeven greater than suffering a total loss. I usually use the craps or mines to do the all-in bet to have a potential profit greater than x2 while I have more lifeline for my bet rather than a straight bet with x2 multiplier.
What game is your favorite to do this and what’s your record so far if you can still track it?
Never happened to me, and never will I depend upon such trivial and inconsequential thing to save my bankroll from utter loss when I could just take the more guaranteed route and play smartly. Not virtue signaling here nor telling you guys what to do, but making ludicrous bets only to end up wishing for that haymaker of a win to get you up from the losses you incurred is nothing short of what gambling addicts do on the daily. They get the money, they make bets, and when their shit is already down to the last bet they sometimes go all in and hope for the best, which by the way, never happens reliably. So if you're into gambling and you really want to make sure you don't lose your shit when you gamble either mentally and financially, you better make the smart decisions from now on and start going for a more sustainable way of securing your bankroll, rather than hope and pray to RNGsus for an all-in win. It's not gonna happen, and the casino you're playing with will just take that last bet of yours with nothing but a "thank you for playing" to give you. Be more sensible and start gambling responsibly instead of pushing for high-stakes games when you can't win shit. |
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So I happened to watch a UFC related movie yesterday and the main character is a very strong one who never loses a fight but during a fight he decided to lose the fight, I found out that he did it intentionally because his uncle and his uncle's friend bet a lot on the biggest odd, which is the other fighter.
He lost the fight and he still made a lot of money from his uncle and his uncle's friend, how brilliant? Since they use a large amount and also on the biggest odd, but I think about the other gamblers who chose to bet on him because there was assurance that he would win the fight.
Now I started to think about the real life UFC, maybe this is even happening underground and we don't know? Jake and Mike Tyson's upcoming fight for example is gearing up, many believe that Mike will win, but maybe something like this will happen?
Many gamblers are placing bets on this fighter since its more reliable than you against the casino games, this is all about agility and skills, but the possibility of intent loss to make more money is also possible in this game, what's your take on this?
Pretty sure this happens all the time in boxing, martial arts, and even in other sports, seen firsthand in a local tournament how one team threw the whole game and their chance at lifting the trophy cause the match was apparently fixed and they are bound to get a pretty good sum of money guaranteed if they'd just throw the game and let the other team win, we found out it was fixed because there was the difference in skill and overall enthusiasm while playing just changed all of a sudden when they were steamrolling every other team in their bracket and the closest ones previously. Is it illegal? You can say that, does it ruin the essence of the sport? Yes if you'd ask me. The main reason why we have these types of competitions in the first place is to cement who's the best and who's the strongest athlete or player, and having matchfixing scandals like these destroys the reputation of the sport and the league where it happened in general. But can we really stop it? Nope. It's a systematic flaw that would not be vanquished anytime soon cause people want money, people want certainty, and if that certainty can only be achieved through throwing matches or whatever, they'd be asking you for the pen and where to sign on it without a second thought. |
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Hi guys and ladies, Sorry I can't share the Facebook post this thread stems from, as I lost the post, hours ago before deciding to bring it up as a discussion on this forum. Like 6 to 7 hours ago, I was over there on Facebook scrolling my life-time away  , I came to this post where the user was advising readers on how bad gambling is, being a gambler myself, I decided to open the post in fall to read and know what the dude is all about, and from all the story, it seems the dude went all in on a gambling sprey which didn't turn out the way he had anticipated, according to him, he had lost all his life savings (over $60,000) to gambling and it all started with a bet of $10. And right now, the dude is all out to castigate and discourage as many that are willing to give him a listening ear; from gambling, all for what? Because gambling didn't turn out well for him, he lost his entire life savings, and he now believed that that is exactly how every other persons out there gambling will lose too. What do you make of this, I honestly do not know but deep inside of me, I feel it's absolutely wrong to advice people against doing something, just because you did the same thing and it did not favor you.. Do you guys think it's OK to advice other gamblers to quit gambling simply because of your own bad experience, does your bad experience mean that every other gambler out there will also have the same bad experience? I will like some really useful discussions around this topic. For the most part, I can stand behind a guy who from experience, lost all his shit from gambling, but just as the great uncle Iroh from Avatar said, you can't just take your wisdom from a single perspective, and I'm not saying I should hear out the local gambling addict and see why he's doing his shit because for the most part, having been in the same boat as his in the past, I have a good amount of knowledge as to what makes his clock tick. Anyways, I digress. The thing is that it's easy for him to say shit like that after he just got hit with a cold hard cinderblock of truth at the back of the head, the same can be said for the people who continuously debate him as well, they pretty much haven't lost that much money just yet and are probably thinking they're invincible or something, but soon as they incur that loss upon themselves it's over. As for myself, I don't really care, I got my duck in a row when it comes to gambling, I found out harshly that it's not something you can just call buddy-buddies with, you gotta make it submit to you and make sure you control it, not the other way around. Cause soon as you give gambling addiction a moment of weakness, it's gonna make the most out of it. |
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So, just recently a piece of bad news came out to my wife that his brother ran away to the city because he made trouble in their home in the province.
I asked why and she said, it's all about borrowed money and stolen funds from the family.
This is not just once that happened so I really know the reason behind it and it's gambling.
I did understand it before because it's from his own pocket which he made from mango picking which is their business. But that business is seasonal and there will be times when there will be no funds coming in.
What he did: Borrowed 15,000 PHP from a neighbor which is his gambling opponent. Pawned the tricycle (trike) for 12,000 PHP. Stolen 13,000 PHP from the piggy bank of his nephew. And more hidden borrowed small amounts.
Who will pay? My wife (which means my money too) and his sister working in Italy.
What did he do so that his mother would give up where the hidden piggy bank of the nephew is was the unacceptable thing to me. He threatened his mother that he would kill himself if he didn't give it up.
That's when I told my wife that this is a gambling addiction and the brother should be rehabilitated once he goes back. He will just do it over and over again and we will be the ones shouldering all the problems.
Do you guys have other solutions to this kind of problem? Because that's all I can think of. He will probably lay low for a month or two but he will be back to gambling again.
addicted or not he committed a crime, he should be punished for it by any means and he should know that once he gets back. The thing about some self-aware addicted gamblers is that they could weaponize their current state and reason out their atrocious acts not to their lack of control and discipline, but to the fact that they are addicted to gambling and they can't help it. For sure the court since we're living in the same country would rule out the possibilities of him getting rehabilitation and he'd probably find himself behind bars, which is also the reason why he's hiding from you guys right now, but he'll come back soon enough and when that happens, for the sake of you and your family's well being, have him arrested and be taken into custody. This is pretty much how every gambler's story boils down when things go unchecked and the gambling addict remains in his erred ways. They find the opportunity to commit a crime to fund their vices and scratch the itch at the back of their heads, they do it, they get arrested, and they get rehabilitated. |
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Lets take a look at the family aspect of everyone gambling and try to give our individual opinions concerning these questions i will like us to discuss from regarding how we are gambling and how that can affect the family for the benefits of those already having one and those that will soon be in the league of a family man, lets make it as simple as possible in giving our earnest contributions on our take from this following questions i have for us.
1. At what age will you allow your child to start gambling? that is if you will even allow for that at all?
2. At what age do you see yourself quit gambling? that is also if some of us are going to ever do so?
3. Ever since you have started gambling, have you ever achieve a satisfying level that makes you think it has good impact on you?
4. Would you have missed out on anything if you were not a gambler?
Not planning to have any kids at all, but for the sake of discussion I'll humor your question and give you sensible answers: 1. Will generally not allow my kid to be a gambler, no parent (I would presume) out there would just say yes to their kid gambling even if they do ask for your permission. At the end of the day gambling's one of those things you discover by yourself, not something your parents will introduce you too. So while I'm saying I wouldn't permit them to gamble if they ask me, I'm also open to the idea of letting them gamble at least under my supervision, more specifically when they get old enough. 2. I have already quit on gambling a few times in the past and will be able to do it again without any issues, matter of fact the only reason why I really gamble is because I got nothing to do these days since I'm always working from home and everyone of my friends that I invite to go out is either busy or unavailable. 3. Wouldn't say that, I do have fun when I gamble but to say that I get a satisfying feeling which makes me think gambling's good for me is a little stupid and even more so dangerous, especially for people who have never gambled a single time in their lives. They'll go out there thinking that cause I find gambling nice, they'd find it nice too. 4. Not much as well, although I could've reinvested the time I wasted as a gambler on a lot of self-improvement regimens like hitting the gym or socializing with people and strangers. |
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I don't get the point of this post to be perfectly honest. Gambling does not trifle with race diversity, it's open for everyone, and even more so open for anyone who would give it the time of day to play. We can't just single out a particular race, nor deduce how prone they are to gambling addiction cause at the end of the day, it's not about the economic situation, people who would want to gamble will always become a gambler and if not kept in check will end up addicted, I see people in Africa becoming even more addicted to gambling in recent years due to the worsening economic situation and the growing desperation of the people to achieve a comfortable life, meanwhile people in the states seem more okay as of the moment, see how skewed the notion of singling out races on their gambling practices? It's stupid and brings nothing to the discussion in my opinion.
We could've gotten ourselves a healthier talk discussing the current state of gambling as more and more people end up as gambling addicts but nooo, we just had to talk about how people from different races can be less addicted to gambling cause they don't have enough opportunities to gamble anyway. LOL.
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What is your opinion towards my research that online casino gambling has more of possesed players who stakes to make profits while the land base gambling is more of players who stakes for funs?
Research? Where's the findings? Where's the testing of hypotheses? You can't just say you conducted a research without going out there and conducting trials, shit doesn't work that way if you'll ask me. While there is a possibility you may be right, I would rather you just say you have a hunch, or better yet, a hypothesis that states more for profit gamblers gravitate towards online gambling, rather than physical, and then from there state why you formulated such hypothesis. Examples could be the pseudo-predatory marketing tactics that some online casinos adapt, most of the time incorporating themes of sex, millions of pesos, and false claims of being better than physical casinos because they have faster and bigger payouts, or their house edge's not that bad compared to land-based casinos. And even then I wouldn't just believe you, you gotta prove it through experiment, go out there and conduct surveys among people who play in brick-and-mortar casinos, against those who play online, from there, tally the results, make a sensible conclusion, and then and only then will I accept this notion. You can't just make claims like that in here cause it's bound to generalize a population of gamblers who for all we know could've been more prudent than the land-based casino goers all this time. Your "research" sucks as it is now, fix it and come back here with a more defined topic. |
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There's no particular amount of accounts that will determine whether you're a farmer or not, but in my opinion, the moment you send merits towards yourself from an alt account, even if it's just a single merit, you're already considered a farmer and if reported, could face getting banned from the forum.
You overstate. For one given merit, there will be no punishment, except that you will seem pathetic in front of the community. This is what people look like who cannot receive merit on their own on all their accounts, but are engaged in transferring merits purchased or obtained with such difficulty. Otherwise, why would you throw away something that you can get for nothing? Owning multiple accounts, if we remove the normal reason of convenience for different devices, will also be an indicator of the greed of people who cannot be satisfied with bonuses from one account. But often we see that greed makes a person even poorer; it destroys the personality, making him angry and hostile. Only reason why I believe so is because a lot of people will start with 1 merit to see if they'll get noticed, and from there, they'd either buy merits from other people or farm shit from their other accounts to commence their artificial rank up missions. So in a sense, what I'm just trying to suppose is that it's hard to either prove or just stop with 1 merit, and yes, you're right, they do look pathetic lol. In any case, I only meant to make this statement to discourage people from creating alts for any reason besides device convenience. You go out there creating 4 different accounts so you have higher chances of getting merited, and in turn getting into signature campaigns when you can pretty much just combine the efforts you make for those accounts into a single one and not sacrifice the quality of your posts or better yet, be able to provide more constructive content to the forum. So even though I may have overstated to some, I still believe that I said the right thing here, and I'd die on this hill if I have to LOL. |
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For some days or weeks now, there's a thread in reputation board - PytagoraZ & komisariatku are alts. I followed up the thread to the extent that I believed that PytagoraZ is a different person from Komisariatku, but I didn't air my opinion. But on visiting the thread again, I discovered that everything was bursted. What prompted this thread is this; Just for a quick recap, if all the names of the associated accounts are compiled then this is what the complete list should appear as:
akbarharyadi8
asrinur
coklat gurih
cyberdg
Hagz
havi agasa
komisariatku
Maftukh
nyupangcoin
pentol86
PytagoraZ
razor92
tu_kang
Personally, I would not limit the total to the names mentioned above because once the can of worms is opened, it usually leads to surprises.
- It is allowed to own alts.
- How many alts will one own and it will become a farm?
- Is farm accounts without merit sharing, cheating campaigns or contests allowed?
I will need some experience users to give an answer. It's generally frowned upon if you have Alt accounts (unless you explicitly state that you do have an alt account like LoyceV does) but the forum doesn't impose any form of restrictions towards having multiple accounts here, as long as it's used within the confines of the forum rules and healthily. Farm accounts which are alternate accounts that people use to farm engagement or in the forum's case, merits and post counts, are illegal and could be a bannable offense if I'm not mistaken, especially if you're using these farm accounts to cycle Smerits to each other and climb the ranks artificially. There's no particular amount of accounts that will determine whether you're a farmer or not, but in my opinion, the moment you send merits towards yourself from an alt account, even if it's just a single merit, you're already considered a farmer and if reported, could face getting banned from the forum. And yes, even if you don't use it to share merit, or to cheat on campaigns by joining more of your accounts in one go, long as you're considered a farmer here there's no way for you to regain the trust and cred you will lose in the forum. |
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Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
To fear is a normal human response upon sensing danger, and you can't fault people who chickened out of a possible deal of a lifetime just because they were scared. The tension and the danger of failing is real and you should understand that not everyone's got a risk appetite as big as you, nor do they have the same capacity to shell out a lot of money for said risk taking venture, and happily lose it when the thing don't work out. It's not rainbows and sunshines in the Entrepreneurship world that all you need to do is take that first step and you're already bound for success. There's real danger in losing your money, losing your family's good opinion towards you, and losing all the credibility you have because of a failed venture. So don't go out here talking about 'why people can't just take the first step and take control of their lives for the better?' If it was that easy they would've done it already, but it not. There's tons of shit at play that it's much easier to just take the beaten path, and that's alright and fair. |
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Someone should send him 3 btc to that address just to see if he sends it back. This will confirm whether it is an April Fool's joke or not. Who's going to do it?
HAHA, that got a chuckle out of me not gonna lie. But what are the grounds of this forum regarding begging? Cause donations are a no-go for people who aren't trustworthy, and we have a system for that, but for this particular matter we know for sure we don't stand to gain shit from this one, cause no one in their right minds will hold him accountable for changing the world lol. So is begging like that a bannable offense here, or do we allow shit like this to proliferate within the forum cause in my opinion these should be regulated and moderated by the folks. We can't have every newbie in here begging for shit, since it's going to ruin the whole narrative of the forum, and eventually we'll have every single new account here, possibly botted and faked, asking for money, which will ruin the forum more than "mixers" ruined it. At the end of the day, it's April Fools, nobody's gonna take this guy seriously, although I'm almost tempted to send him 3 bitcoins just because lol, and then bug him until next April Fools regarding his plans for changing the world for the better. LOL. |
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For those of us who have a dream or have a pulling towards a certain area of our life, it may be that's why it's been difficult to keep a job because you just can't shake off the thoughts of fulfilling that dream.
If along the line you suddenly loss your job for one reason or the other and now you have to rely on whatever wits and skills you have to survive with a family, instead of trying to look for another job and be doomed to misery, supposing you have some skill of sort that has been hidden and waiting to be explored, how do you hone such a skill, so much so that you earn from it?
It may be a strange post, but if one has to make wealth and be of value in this life he /she has to be able to love their work so much so that it seems they don't work at all and that's because such persons do what they love or do what they understand best.
With such disappointment as a job loss and in an economic situation like the one we are faced with in our country, and living in a new environment where it's easier to meet the wrong categories of person,
My question is that, how does one go about joining the right community to fulfil a dream after a job loss?
How does one know the right persons to follow and community to join to help them achieve their dream or purpose in this life?
Your thoughts are welcomed!
Depending on if you have emergency savings or money that you've stored up to account for the job loss, you can explore options for as long as possible, but the rule of thumb is that, you should always ask your closest connections for job opportunities within their companies or whatever. I myself manned up and asked my friends despite the possible gossip it may entail when I lost my job, I wanted to show them that I am eager to get this opportunity. And when that worked out for a while, not only did it allow me to achieve what I wanted in the first place, which is employment, but the familiar face allowed me to focus more on the job and easily adjust to the environment. You also must take advantage of LinkedIn and Reddit, as these two sites have been very vital in my job search quite recently. It allowed me to get in with people who have contacts from high places which allowed me to secure interviews and eventually, a handsomely-paying job in one of the most successful agencies in my country. Choosing the right community starts with finding the right platform, you can't find communities of successful job-hunters in sites that don't nurture such communities, so do your research, invest time and energy in finding these communities and platforms, and you're sure to find a job sooner or later. |
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A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately
Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
As a man who likes to play things safe, or at the very least know what I'm signing into before I write my name on the pad, I see myself as someone who wouldn't flourish in the world of Entrepreneurship. The thing is that, for you to even have the most remote chance of ever making it into that venture, you have to have some balls of steel to keep going despite bad sales, bad product reviews, etc., and continuously improve upon your product, and the way you present it to the public. Add to this the fact that even if what you're selling is an essential, you have to make them realize that they need it, you can't just sell it and expect people who require it would buy from you straight up since people choose comfort over new experiences. And for these reasons alone, do I say I'm not cut out to be an entrepreneur. As a businessman however, I have great chance, I know the ins and outs of running a business since I made a couple of those in the past to support my schooling, I know the risks you can and should take and have made calculated decisions in the past which I know will make me a great businessman. Plus, you don't have to reinvent the wheel to be successful in the business industry, all you really need to do is present your product way better than other businesses, and let the whole thing play itself out. So all the way, my answer is business over entrepreneurship. |
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Church has always been a business, in the ancient times it dabbles in influence and power, making sure that their followers remain subservient and accepting of their teachings and commands, with the caveat being that they need to follow to achieve a higher sense of purpose, or to evade eternal damnation. and this goes for any other religion out there.
The christian religion, being one of the biggest ones out there, are the most abused in my opinion. I don’t see Muslims piling up money to serve their sheikh or whatever, but we’re out here giving money to Joel Osteen, to that fucking pastor who said God granted him his private jet because he’s good, and a lot of Nigerian and African pastors who take advantage of their follower’s desperation and gullibility to profit. Will they do the same thing for you if the roles were switched? I don’t think so.
Plus Churches and religious congregations aren’t taxed a single dime, so they get to keep all the profits that they incur, all the more reasons why a lot of these clowns right here end up becoming so rich
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Borrowing or taking loans is not bad but being a debtor is where the problem lies. What I'm trying to say is that, it's normal to be in need and borrow when you lack, but owing for too long or not being able to clear your debts at the appropriate time, is the problem and can be very embarrassing. Now that's where Debt management comes in, Debt management to my understanding is a process where by one plans strategic means of attending to their debts thereby avoiding numerous debts and be debt free. Dept Management is something every human is supposed to be aware of so as to help tackle the problems of being a debtor. Left for me, one who is in debt is like a slave and is bound to face being embarrassed if not they don't apply debt management. That's why before one should take loans, there are many things that's need to be considered. However here are the necessary steps people should take to become debt free; Learn to cut cost: one needs to avoid too much spendings, normalize spendings only on necessary things, either for food bills, craving or wants, your expenses should be focused on your needs and not wants. Make Budgets: making a bucket list of budgets would aid you to monitor your income and also help you to make right decisions on important expenses. Avoid spending beyond your budget: this is also another way of debt management because when you spend only what you can afford, it would help you from being a debtor cause you'll be more focused on things you need. Do not borrow funds to clear debts: doing that automatically makes you acquire more debts and it keeps accumulating because you won't seize to acquire outstanding debts, it would continue to go in cycles until you work hard to earn and become totally free. Clear debts on time : no one is above being in debt, however one shouldn't settle with being known for a debtor, it brings embarrassment and could cause emotional trauma, therefore one needs to keep tracks of their dept and work on paying them off, beginning high interest debts down to minor ones, needs to be strategic with clearing their debts. Right choice of investments: investmenting on the right business is just like saving for the future, cause you'll always have a financial support to fall back to, and also avoid taking loans, therefore the right choice of business would guarantee you have a safe heaven rely on instead of taking loans. Make wise spendings: Consider your financial strength before purchasing items, purchase only items that are of needs not the ones that don't match your financial strength. Another way of debt management I could think of is to learn to make proper financial decisions, one should educate themselves financially about investments and how to plan financially to be debt free. Here are some debt management charts to help you understand further.  https://images.app.goo.gl/SrXEfxH6TghMQ5JN6 https://www.google.com/imgres?imgurl=https%3A%2F%2Ffastercapital.com%2Fi%2FMastering-Debt-Management-Strategies-to-Conquer-Interest-Shortfall--Understanding-the-Importance-of-Debt-Management.webp&tbnid=F0OKGlIo-js0SM&vet=1&imgrefurl=https%3A%2F%2Ffastercapital.com%2Fstartup-topic%2FImportance-of-Debt-Management.html&docid=P-4lD9dQy_YHRM&w=1350&h=759&itg=1&source=sh%2Fx%2Fim%2Fm1%2F2&kgs=29fb4c3855f0be51&shem=abme%2Ctrie In Conclusion The concept of debt management isn’t talked about often, this is why most people dwell so deeply in debt and they can’t afford to pay it off. In worst cases where the debtor can’t pay back, they tend to take their life, giving up so easily just in the name of frustration. Sometimes taking debt can be a way out for one, that's if you have an innovative mind and know how to utilize the resources given to you. Some people just don’t know how to manage funds, borrowing money to clear debt or to fund your lifestyle isn’t just the best idea infact, it’s just the beginning of your borrowing cycle. If you don’t have any reasonable plan then there isn’t any need to go for a loan. Good read. And if I may add, I'd like to top this list with another tip that would severely help people who are drowning in debt. You gotta have a second job Doesn't have to necessarily be high-paying or whatever, just enough to sustain your bills or whatever essential expense you are looking forward to every month. And use the money you're earning from your main job as a means to pay up the loans/debts you incurred, while keeping the side-hustle money as your take-home. Sometimes budgeting just isn't enough, personally I've been in debt in the past and cutting on expenses alone didn't do it for me, and while it did teach me a lot about discipline and making wise weighted decisions, it never really helped me financially recover. That's when I got a second-job that I can do at the comfort of my home. What took me years to just pay the half of, took me 3 months as I was able to use the money I earn from my main job to pay it off in large batches, while I am sustained by my second work. Best part about it, when I got the whole thing paid off, my finances became even more free and I am now able to live a pretty lavish lifestyle if I do say so myself. |
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is life for Boomers in the UK like that? The 1950s were a good decade to be born in Britain. A newly minted welfare state ensured that your early years were free from squalor. For the lucky few who made it there, university cost nothing. During your peak earning years, taxes plunged thanks to Margaret Thatcher, oil gushing from the North Sea and the restorative effect of the EU’s single market on the sick man of Europe. Rocketing house prices more than compensated for a few years of high interest rates. Defined-benefit pension schemes, then still the norm, ensured that retirement would be prosperous.
Whatever this generation wanted, this generation nearly always got. ........ source: the economist over https://archive.is/aWdik#selection-1079.0-1093.67Is it possible that the economist forgot about some classes? Or is the UK mainstream really like that ?? I mean there's a lot of truth regarding the economist's article, and for one, this isn't just the case for UK, pretty much every country out there was in some sort of Financial Golden Age where it's just way easy to earn money and things don't cost a lot, which is what they were probably talking about. On the same note let me just give you an example, this isn't necessarily an experience of someone in the UK, but from some boomer in the Philippines. Initially her husband died from causes I wouldn't really have enough time to discuss with you, nor is it relevant, and she was shunned by the husband's family, forcing her to move to a different city, with 4 kids and a bachelor's degree. Back then employment wasn't as hard as it is right now, but having 4 kids depending on your attention is a massive toll, so you can't really look for a structured employment. Despite this, she was able to make an honest living out of washing people's clothes, and despite how fucked up the situation is she is still able to buy an 80 sqm house and lot. That's my fucking grandma right there. Now, you try and do that thing in this economy. |
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We all know that these additions to Bitcoin Core have slowed down transactions and made transactions more expensive.
What is the justification for them?
Why are they being added when they make the network less efficient?
Just to reiterate what the people before me have already stated, these "additions" aren't included to the bitcoin core, and hence are not part of its main protocol, these are added features/perks which personally speaking, are made to just limit test bitcoin and nothing else. All this time bitcoin was only good at one thing and people never dared to explore the implications of let's say, having more features than it being an electronic cash system. Ordinals, although unhealthily, challenged that notion by introducing the NFT narrative to the equation and we since then realized that because of the limitations, mainly the block size, we can't really reliably support other forms of crypto product in the bitcoin network, as compared to versatile protocols like Ethereum and Solana. So yeah, it didn't contribute anything towards bitcoin's standing as a P2P payment system, it tried to break the mold, but that turned out horribly wrong, and as of now our eyes are opened to the fact that unless we work on bitcoin's scalability issues first, we're not going to get anywhere. |
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so the sentencing is in.. and it seems he is getting 25 years. good(shoulda got longer)
obviously he will try and appeal it. but atleast he isnt going to get to play CEO again any time soon (he was hoping to be allowed to be free to get back to business to 'make everyone whole' unpunished)
this might make a few other scammers realise trading in crypto does not alleviate them of the law, a scam is still a scam no matter what the asset/value/currency is
Sharing my sentiments regarding his jail time, pretty sure he deserves at least 50 at most, but I'm no law graduate nor a law student so I don't really know anything about the stipulations and all that shit. I'm just happy to see him rot in jail. Pretty sure the girlfriend who looked like that one character from Ice Age deserves her own set of jail time as well, but I'm guessing she's using SBF as a scapegoat so she can get away with the crime scot-free, even though she was an active accomplice and there were evidences of her being actively involved in the massive crime these two fucks and the sham of a company they created did. As for being able to found his or be an executive for companies in the future, I would also like him to be barred from ever having a business ever again, and as much as that's fucked up I think he deserves it. If we can bar people from having access to the internet for even less, then maybe scammers like these shouldn't be allowed to set up their own business, nor use their infamy or likeness in the future to paint a narrative that would support yet another business venture they can use to scam people. Finally happy that he's fucking one already, but this is just the start in cracking down against people who would think of crypto as a way to make money illegally. I once again share your sentiment, they are not exempt from the law. |
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I was reading some text by Victor Frankl and in it he believed that the most important thing we can do for our fellow human beings is to give them hope for the future. With regards to the bitcoin, its purpose is in line with this idea. In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.
Here we go again with treating bitcoin as if it's the second coming of Jesus Christ. It's good and all that we revere bitcoin to a certain degree, to a lot of us here, we can deny how it changed our lives for the better and that's one big truth, but, making out bitcoin as some sort of ticket to financial freedom just isn't right, even though we have people here who fllipped millions of dollars thank to the cryptocurrency giant. The thing is that, when you paint the narrative that bitcoin is nothing but a cash cow that people can use to instantly earn money whenever they please, you're inviting the wrong community of people to the industry, the ones that are not healthy for crypto in general as they will only be here for the instant profit, and when they can't get that, they'd cry and complain and spread FUD and lies wherever they go, which is not good for the industry. So if you want to dial in with the right community and set fair expectations towards those who just got into crypto right now, stop with the narrative that "bitcoin is the hope of the future" or "bitcoin is the answer to poverty", it's not. Your financial freedom still lies in your hands, work your ass off and be smart about money. |
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Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.
Bro, you guys are overthinking this ATH as if it's the end of the fucking world if you missed out on investing at a lower price point. We've been dancing this tango for a little less over a decade now and you know for a fact that 1, this isn't the end for bitcoin just yet, as we're still about to reach another ATH soon as the bull run finally commences (yes, I believe we're still far from the real bull run and this one's a pseudo-bull that is caused by the massive anticipation of the people for the upcoming Halving) and 2, we're yet to even reach the Halving period yet, why are we assuming things when the prerequisites haven't even been met yet? Chill out on calling people dumbfucks just cause they played and invested in crypto a little later than everyone else, at the end of the day as long as you don't sell, or you sell strategically while keeping one foot at the door you're going to be safe from missing out and you'd be able to earn money, if that's what you're really worried about. I myself would watch this whole thing pan out first, and from there either strategically sell my crypto and buy in at a lower value for more profit, or just keep on buying more despite the high crypto price. What always matter at the end of the day isn't when you bought your crypto, it's always if you bought crypto in the first place. |
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