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121  Bitcoin / Bitcoin Discussion / Re: Revealing how the public is scammed through Bitcoin and cryptocurrencies on: July 21, 2024, 11:49:57 PM
You're not revealing anything out here. The fact of the matter is that you're basically talking about pump and dump schemes/ponzi schemes. And in the case of tying bitcoin in all of this shit let me tell you that bitcoin's already revealed to not be related to any of this shit at all, much to the dismay of all you haters.

Ponzi schemes benefit those that came in early the most, and while that is the case for bitcoin for the most part, it's not to say that those at the bottom of the proverbial pyramid's not getting anything out of this ordeal, matter of fact since bitcoin's supply is finite there will come a time where everyone will have just as much valuable bitcoin for themselves as those in the upper echelons of the HODLers. So it's not like the whales are using the bottomlines as exit liquidity.

Bitcoin as it stands today isn't even a full-fledged cryptocurrency anymore. It's more like a store-of-value using the technology of cryptocurrencies to make things easier for all its holders. By a longshot this is way better than holding Gold and Silver ETFs, cause at the very least you know that you really own your bitcoins, whereas with ETFs you're basically just given a contract that says the issuer owes you this much gold/silver or whatever valuable asset they put out.
122  Bitcoin / Bitcoin Discussion / Re: Unnecessary reasons why people dislike Bitcoin. on: July 21, 2024, 11:31:18 PM
You all must be suprised at my choice of topic, well it was inspired by discussions I heard from neighbours and sometimes arguments in a gathering. Well everything that has an advantage must always come with a disadvantage but the advantage of Bitcoin has beat all odds compared to it's disadvantage cause it has proved to be the best alternative to fiat in terms of transaction speed, security, asset class etc. But then despite all odds and prove to be the potential money of the future their are people who still criticise the project and think it's no where compared to fiat money and their reason for disliking Bitcoin makes little sense, sometimes the hatred is caused by ignorance but then after hearing some people's reasons you'll notice it's just an unnecessary dislike for the project.

 I came across someone who hate Bitcoin cause she was scammed through it, but my reply was that they scam people everyday using fiat money so are you going to hate using fiat as well, then she was dumb founded and couldn't reply, people fail to notice that scammers can use different means to steal from them, they'll always be two step ahead of their victims if given a slight chance to penetrate them, and they operate from different areas, through links, the media, fake apps, investments be it Cryptocurrency which Bitcoin is one, and if Bitcoin happens to be a means through which one got scammed, that doesn't make the project a scam project. Bitcoin is a legit project and if one is not knowledgeable enough to safeguard their assets in a good wallet or avoid things that would give scammers opportunities to steal from them then they'll always be the victim. But that doesn't make Bitcoin a scam project or bad asset, people should embrace the potential money of the future and stop unnecessary dislike.
Regardless of their reasons, it comes to bitcoin there's no such thing as "unnecessary". The fact of the matter is that the reasons why these people hated bitcoin in the first place is quite necessary. They don't know better, they thought the scammers completely represent the whole bitcoin community. Pretty sure if you were in their shoes you will say the same thing especially if you didn't know better.

You can't hate victims for hating the platform where the crime was perpetrated, that's like making fun of someone who got robbed at a back alley when they don't want to come near those anymore. You could've done better by informing them that the scammers aren't what the bitcoin community is completely made up of but instead you deepened their animosity towards us. Way to go kid.

It's better to just be empathetic than call people stupid for things they don't know. You can't invalidate their opinions either cause no matter how ridiculous it might sound there is some basis as to why they stand by such beliefs. Debunk those beliefs but don't call the person a clown for believing in it.
123  Economy / Economics / Re: Is the current economic situation really that bad? on: July 21, 2024, 11:16:24 PM
It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:

International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.
Of the three impacts that you have mentioned, I think only two impacts can still trigger economic instability at this time, namely through war and also through the interest rates that you mentioned. Meanwhile, regarding the pandemic, I see that it is no longer a big trigger or influence on economic matters because it was handled properly by everyone throughout the world two years ago. So you only need to look at and analyze two other things without having to include the pandemic problem in something like this because it has long been resolved by everyone.
The COVID-19 Pandemic directly cause the massive interest hikes and the rising inflation rates in the US. They overprinted money during this time to provide sustenance to citizens who were struck badly by the pandemic financially and when the economy recovered afterwards, the overprinting's after effects struck them badly, causing these eventualities to happen. So yes, we're still experiencing the after-effects of the pandemic. In countries such as China, where they say they have been able to recover completely, they are still at a massive loss as countries who pulled out of their businesses aren't expecting themselves to return to China's arms and are looking for other exporters/manufacturers elsewhere.

So yeah, part of the reason why shit is getting expensive these days is because the US dollar's not that valuable anymore, and companies are looking for other countries to manufacture/assemble their products besides China. So don't you disregard just how massive the effect of this pandemic is.
124  Economy / Economics / Re: Can ai chatgbp make good business plan ? on: July 21, 2024, 11:04:08 PM
i
So i want to be richer than jeff bezos
Can ai chat gpt make me good business plan ?
Can someone ask from AI this plan and post it here so we follow this and be rich fast
I guess we need ask from ai so ai Will consider all the info and world stats so to make good best plan
What the fuck are you talking about first and foremost lol.

If you have half a mind to research what GPT does, you'd find out that it doesn't make shit. It fetches numerous related data on the internet, waits for your prompt, reviews your prompt and then collates all those data into a single response, it's basically a blender of information you otherwise would've been able to find over a good google search. And that includes your Jeff-Bezos-beating business plan, which is something that wouldn't work anyway.

A lot of people lost their jobs thinking that Chat GPT's gonna make their lives easier, only to find out that what it does basically is to summarize all the information it has plagiarized on the internet too, so I wouldn't recommend you using it for anything other than to test out shit.

Business ideas come from you, business plans, even more so. You wouldn't be able to create a business plan that would beat Jeff Bezos's but at the very least you'd have something that you could call your own.
125  Economy / Economics / Re: Bitcoin's volatility doesn't make it a bad store of value. on: July 21, 2024, 10:45:45 PM
Who said it wasn't a good store of value? Where else can you find an asset that would turn your asset 10000x in a span of 10 years, 5000x in less than 3 years?

I reckon that the only ones who think bitcoin's a bad store of value are those who don't see the point of investing in bitcoin in the first place are those who lost horribly due to poor financial decisions a few years ago lol. Bitcoin's not a quick cash grab that you can buy now and expect to pump tomorrow, you have to have the patience of the fucking Buddha to earn millions in this shit but for the most part it only ever requires you to really hold your money until such a time. It doesn't ask you to do anything else.

Bitcoin's one of the best stores of value out there if you know how stores of value work in the first place. Anyone can buy bitcoin and gold or any other store of value out there for that matter, but the ones who win massively in this rendezvous are those who know their shit, those who know how to wait, and those that don't get easily swayed by FUD.

126  Bitcoin / Bitcoin Discussion / Re: Is it worth a shot to pay Bitcoin inheritance platforms? on: July 21, 2024, 10:30:53 PM
Questions about Bitcoin inheritance and what happens to our bitcoin when we are gone isn't new. But the solution to this isn't satisfying, including the idea of Bitcoin inheritance services, that is gaining traction in the cryptocurrency market. While their ideas of introducing vaults and the use of multisig wallets in the platforms are all great. The need to pay about $2,100 a year is quite much for a person who needs to trust a platform with their bitcoin when they're gone. What if the site drops dead before the coin owner dies? If eventually the person can recover their assets the service fee would be a big loss. On a scale of 40 years interval the service fee would be quite enough for someone to inherit it.
For me, not so much.

Call me selfish or whatever but I'm not building wealth right now just so someone else can enjoy it when I die. Don't get me wrong, I'm still putting money in the bank for "future generations" to have something, and I have a couple of properties that they can use so it's not like I'm leaving them with nothing, but the fact of the matter is that I have this money right now for me to enjoy and spend. So in that regard, the concept of bitcoin inheritance isn't something that I trouble myself with.

But even if I do look into the options to have someone else effectively inherit my shit, I wouldn't get into these inheritance programs that you're talking about, especially if it's just going to cost me even more money in the process. I'd rather just hold the coins on an airlocked computer and give the pass phrases to my kids/grandkids when I'm about to die than risk getting my money tampered or stolen in the process of securing it.
127  Economy / Gambling discussion / Re: Do ex-players make better pundits than non-players? on: July 21, 2024, 10:19:27 PM
If you were to ask a question about the war, are you going to ask someone who was in the trenches fighting for his life, or a historian who studied every facet of the war when it happened? Cause I'm pretty sure that a lot of us here, including myself, would ask for the vet's opinion and stories more than we'd ask the other guy. Experience and being in the moment when shit went down is something we hold in high regard compared to analysis made by someone who is an expert in the field. In regards to sports, the same thing can be said. While the landscape changes a lot in games like football and basketball veterans who have been there, the fact alone that they have been able to play, bonus points if they were able to bag championships is more than enough badges for us to really take their opinions as standard.

And it's not for naught too, oftentimes these players turned pundits really do offer valuable insights, sometimes even more valuable than those offered by experts on the field. And as they become field analysts they get to be in this middle-ground where they can see how it really looks from an outsider's perspective, while also knowing what it takes to be in the field in the first place.
128  Economy / Gambling discussion / Re: What is gambling to you, a fanfare or potential financial havoc? on: July 21, 2024, 10:04:29 PM
Well as for me, I don't mind winning when I gamble, and just like the regular bloke I feel frustration for the most part when I lose in a gamble, but the difference between me and the regular gambling is the fact that I know how to keep my emotions in check, so that it doesn't get to me. And in general, I don't see gambling as anything other than a way for me to enjoy myself every now and again, especially when I don't have any other means to have fun at the moment.

While you guys stress yourselves over your win rates, strategies to win more money, and all that trivial shit, I go out here gambling the way I intended, I win, I lose, when I reach a certain threshold, I quit for the day. I don't make it something that it's not supposed to be. That way I don't have to lose my marbles when I lose a lot of money, and I don't have to "gain back what I lost" every time I make a massive win.

Not telling you how to play the game but if it's going to save you from gambling addiction, perhaps it's high time you actually try looking at gambling as something of fickle entertainment than a money-making machine you have to depend upon?
129  Economy / Gambling discussion / Re: Are you developing as a player? on: July 20, 2024, 11:21:02 PM
I want to ask everyone interested in the topic of betting a question: are you developing as a betting player? Now I don't mean casino games that are completely dependent on luck. I write about sports and other bets in which you can make a profit in the long term, although it is very difficult and the percentage of such players is very small.
 I also ask that those who “play for fun” not take part in the discussion. Such people, in my opinion, have little valuable to say on this topic.
 If you take your entire gaming history, would you say that you have learned anything during this time?
In other words, are you progressing as a player? Is your strategy improving? Is the quality of risk management and money management improving? Have you learned to control your emotions? Are your winning statistics stable? Do losses keep you out of the game? Have you learned to recover from losses? Are you getting better at predicting the results of sports matches?
In the question of do I improve as a player? Nope. I don't think I do, and I don't feel the need to at all. Betting is something that I don't need to put too much effort into at the end of the day, cause it's just me making decisions that aren't even that major to begin with, all for the promise of a couple hundred or a thousand bucks.

It's a personal preference too, as a gambling addict back then, I realized that the reason why I fell into such a situation was because besides the fact that I was alone and unsupervised, I've put too much importance on gambling that it made itself a major part of my life when the fact of the matter is that it shouldn't have been the case in the first place.

So yeah, to each his own but let me preach a bit and tell you that the more you make gambling/betting a bigger deal than it is, the more it's going to seep and make a place in your life, until such a point where you can't even get it out of your system, by then you're nothing but an addict.
130  Economy / Gambling discussion / Re: What makes a gambler becomes addicted? Lose/winning? on: July 20, 2024, 11:04:42 PM
Many of you have seen an addicted gamblers and if am correct some of us have been addicted to gamble but fortunately for you, you were lucky to realize how bad addiction can be and you limit yourself from gamble or take a break from anything bets.
However, it's just a simple question about addicted gamblers, like the topic above.
What really makes a gambler to become addicts to gamble?
Lose or winning?

A gambler becomes addicted regardless of winning or losing when they start feeling like someone owes them shit, either the universe or the casino. Gambler's fallacy coming in on situations like this, as well as revenge gambling if they are losing. If they are on the other hand winning, they end up addicted after pressing their luck and losing all their shit, at that point all they really wanna do is win back whatever they lose, but they will never be able to do that.

So yeah, gambling addiction starts when people do stupid decisions on choices that otherwise do not need your entire brain's power to even make. You know you should've quit when you got that massive win, you know that you should've called it a day when you lose 3 times in a row and you're practically down a couple hundred dollars, but instead, you thought the universe or the casino owes you something so you're going to claim it, realizing that's not even on the table.
131  Economy / Gambling discussion / Re: how often do you rely on prediction sites on: July 20, 2024, 10:54:32 PM
Here's the thing. While I get why some of you might need to go and subscribe to these predictions sites or whatever, for the most part, prediction sites are nothing but a sham that was made to trick you into thinking that you need their help to make informed decisions when you're betting. Everything else that they do to come up with predictions like research and investigations, you can do yourself for free, all you really need is to acquaint yourself with good googling techniques and the likes and in no time you should be able to make better informed decisions based on the predictions that you yourself make.

Plus the biggest factor here is the fact that you're even paying to get insider scoops and all that shit when in my opinion that ruins the fun out of betting. That's practically cheating my guy. You're really going out here diluting your gambling experience for the promise of a higher chance at winning? Isn't that a little too gambling addiction-coded?

Look don't get me wrong, winning is great and amazing but if you have to go out of your way to bag that win then that just means it's either you don't deserve it, or you're addicted to gambling.
132  Economy / Gambling discussion / Re: Gambling Competition: Player with the smallest bonus donates all to Charity on: July 20, 2024, 10:40:59 PM
I watched a YouTube video where the father and son had a slot betting competition. The rule was simple- the individual with the biggest bonus wins while the individual with the smallest bonus will have to donate all of it to their favorite charity which the family has been involved in. I liked the idea gambling and donating to charity for a good cause. I have hardly heard of gamblers doing something exactly like this. Do you think this is the kind of competition you will like to get involved in knowing that even your smallest bonus wins will all be given to charity and you'll have nothing left?
Idea was a fun one but I think they both should give money to the charity cause I don't know, losing the bet and then ending up giving all the money you were able to come up with to someone else just rubs salt on the wound, and while I get the concept it's just something I can't get behind on fully lol. But I digress.

I have a similar thing with my friends back in the pandemic days, which is actually the reason why I gamble in the first place. So for starters, cause we're all bored and can't meet each other we devised a game where in we're all going to gamble on specific games on a particular site, back then it was roobet but we switch sites every once in a while, and from there whoever makes the highest win gets to go home with a prize pot that we all chipped some of our money into. That's a better way of doing this in my opinion, and even if we put the charity thing into the formula we can pretty much just make it so the winner gets to choose his charity of choice and we'd give it to them.

133  Economy / Gambling discussion / Re: Being hesitant could make or break you. on: July 20, 2024, 10:32:12 PM
An event from the European football championships final - Spain vs England was almost turning into a disaster for three young men on their youth corp service program/camp , just about half a mile away from where I reside.. " I heard people screaming terribly and I had to look below from my balcony". It was an intense argument about one of them being too hesitant in wagering a bigger amount, and the rest being too afraid to make any bookings at all. It was a 2.98 odds on Spain and 3.69 odds on England at around the time of booking.
He managed to win 100k from the little he was able to summon up courage with.

What's the best way to overcome the problems of uncertainty and hesitation when determining an amount to wager?
For me it's just send the money in and don't think about it anymore. The more time you give yourself to doubt your decisions the more you're going to doubt said decisions, so, just do your research beforehand when you're making a bet, send the bets in and don't ever look back until the game resolves. For most of the people here who struggle with hesitation and all that shit, it's all about the sense of finality that keeps you from doing the thing that you intended to do in the first place. The fact that as soon as you do this shit, it's already set and whatever the consequences are, you're going to live with it no matter what. So how about you really do send it and then just live with it next time?

It's not like you're pulling the plug on a family member anyway, it's just gambling, and matter of fact, the more thought and brain power you put into something as trivial as placing bets the more you're risking yourself for gambling addiction, since now you're inadvertently making something that's not supposed to be a big deal, a major deal that requires all the attention you have.

So yeah, cut the middleman and don't give yourself time to think in between bets. That should be before you even decide on a team.
134  Economy / Gambling discussion / Re: After Effects Of Gambling In Your Health And Pocket on: July 20, 2024, 10:20:12 PM
Why did I start this topic? I experienced this myself, and so are my friends who are into gambling, and I'm sure many of you did too.

We have been advocating for responsible gambling in this forum, but there will be a time or circumstances when you lose control. When I lose control of my bets, I usually run out of money for my family's budget, which results in financial difficulties I have to take a loan to cover expenses.

Also, one of my friends suffered from heart palpitation because of overexcitement from long hours of playing; in my case, I sometimes felt a headache even though I won from over-excitement that I carried even in my sleep, which is why I limit myself from betting on horse races, I replace it with betting in a lottery, sometimes you gotta do what you have to do to combat the bad effects of too much gambling.

So I ask each and everyone What are the other bad effects of gambling that make you stop or limit how you play?

I will lock this thread after 40 replies or 4 days after the creation which one came first

You're not as responsible as you think you are.

True responsible gamblers always take into account every and all situations when they are gambling. You yourself said that you didn't take into account situations where you can lose control, which ends up in you using the funds you need to sustain your family which is already a massive idiot move on your end. Don't loop me in and those who have achieved true self-control with the likes of you who think they control their gambling urges after quitting on a gambling session instead of taking up a loan.

You wanna achieve true sense of responsibility and discipline when you're gambling? Quit gambling for reals. The first time you quit is going to give you all the reality checks you need to realize that it's not worth losing your family's funds for, and that's all you really need to start.

Moving forward, don't gamble when you're already dirt poor, prioritize your family's sake before yours. And if you're not. Create a separate bankroll that is divided from your daily budget, so you don't end up spending money you don't have business spending.
135  Economy / Gambling discussion / Re: Addiction is 100% your choice: on: July 19, 2024, 11:35:35 PM
Almost 90% of the people who have a thing against gambling do so because they feel that gambling is addictive. But come to think of it, isn't addiction a choice? After reading lots of stories on the effects of being an addicted gambler, I feel it's 100% possible to tell myself that I can never be addicted to gambling and won't ever get addicted.

If for instance, I decide that I'm only going to gamble once a week and that at each time I will only gamble with an amount like $20 based on my current financial strength, would I ever become addicted to gambling?  Isn't it because you don't have any plan in place and just gamble as your spirit leads that makes you become careless with your gambling and become addicted to the process? Just want to ask this question;

Can you comfortably tell yourself that you have never been addicted to gambling and that you can never be addicted to gambling because of how you go about it?
Victim blaming now?

People are against gambling regardless of whether they think it is addicting or not. Some see it as a cheater's way of trying to make something for himself, some see it as a fool's errand, and while a majority does think that gambling is addicting and so they must oppose it, isn't that the case at the end of the day?

Gambling is designed to be addicting, you think if the game's truly fair that players would come in day in and day out hoping they could get a piece of the pie? And what of the tantalizing show of jackpots? Isn't that to trick people into thinking it's just that easy to acquire huge sums of money?

While you're right, addiction is a choice for the most part, you still can't deny that casinos and the gambling industry is part of the problem. They cultured this idea amongst the people and now everyone's thinking they could one up the system and come home with a wad of money. At the end of the day, everyone's accountable in this shit and no one is truly "in the right", but if we could do something let it be for those who are addicted so they can rehabilitate themselves.
136  Economy / Gambling discussion / Re: Is there a legal jurisdiction backing up gamblers against the casino oppression? on: July 19, 2024, 11:26:35 PM
I was thinking if there's a jurisdiction conveyed to backup gamblers during when the casino tends to take advantage over a gambler such as when a the casino penalizes a gambler uncalledfully without a prove of violation.
I only learn that some individuals can only take such case personal upon themselves for a resolution of justice for such a helpless gambler but my question is if is there any jurisdiction to backup interests of gamblers as much terms and conditions of casino sites lies to tender legal backups to the Casino companies?
Pretty sure there is, since casinos are still businesses and you are considered as a customer soon as you get in. In certain scenarios where casinos are taken into court for unlawful practice including cheating their customers out of their money and the likes, customers are able to file legal complaints against them and have won. So yeah, just cause you're an addicted gambler doesn't mean that the law already sees you as the scum of the earth or something.

As per casino sites however, the jurisdiction could be quite tricky cause they will have to follow and be apprehended by the government of the country where they declare base of operations in, in situations wherein you're an online gambler that is let's say, beyond the government's jurisdiction, things may go south and you may not receive compensation even if the casino itself is held accountable and is asked to pay recompense to all their customers, since at the end of the day, you're not within their territory and are therefore beyond their ruling and laws.

Law can be quite tricky sometimes I know, but at the very least it pays to know that when a casino conducts malpractice you have something to hope for.
137  Economy / Gambling discussion / Re: How has a significant win in gambling changed your life? on: July 19, 2024, 10:55:24 PM
When I started gambling a few years ago, I won a pretty big amount of money and that opened new doors for me to pursue new business ventures. Some of these ideas panned out and some flopped miserably, but I still managed to generate some money from the the ventures that were successful.

I now have something that can generate some "passive" income and something that needs a lot of my time and attention, but overall it improved my quality of living and it encouraged me to follow my dreams.

I still gamble, but not as much as I did before... because time management has become an issue. This will not secure my retirement, but it gives me some freedom to experiment with more ideas. (I still need to work between 8 to 10 hours per day.... and weekends, but I have something to fall back on, if something bad happens)

Hope your big wins, did not just go back into the casinos.  Wink
Good to have stories like these. Gamblers who knew better than to give the money they won back to the casino one way or another, and actually doing something with the money they won that could better their lives. If only every gambler thinks this way but no, every other buffoon out there thinks they can catch their big breaks inside the casino, when what they should be doing is actually busting their asses out there to find a work that suits every facet of their lives.

So yeah, this also goes without saying that you shouldn't look into gambling as a means of profit, nor should you look for it as your golden ticket to a better life. It's a massive miracle and a luck of the draw that OP won such an amount but I reckon that everyone out here wouldn't be as lucky as him. Gamble for entertainment and nothing else. If the jackpot comes in then great, but don't expect it at all. Keep a level head when you play and don't be stupid.

Gambling is great when you win, but it's even better when you're not losing, if you know what I mean.
138  Economy / Gambling discussion / Re: Can solitaire be a game of chance? on: July 19, 2024, 10:30:23 PM
From the get-go it's already designed to be a game of chance, mixed in with elements of strategy and tactics here and there to give you the idea that you can beat the game (which you can). And while dead-ends are most of the times caused by the player's misplay or whatnot, such a thing only happens because again, the cards are practically randomized and you have little to no idea of which card comes next, which doesn't help with your strategy at all considering that at the very least most strategy games allow you to have some element of prediction, something that is completely absent in solitaire and similar games.

In any case, I haven't heard nor seen someone actually going out of their own way to bet on solitaire lol. Especially nowadays when it's reduced to nothing but a free game you can play on your phone or directly on your computer when you don't have an internet or you're bored as balls, don't know why you would ask as if it's a very important game in today's gambling landscape or something.

Oh well, to each his own I guess. Hope that answers your question.
139  Economy / Gambling discussion / Re: Can online gambling compete with national lotteries? on: July 18, 2024, 10:41:20 PM
National lotteries are one of the very few ways someone could win millions by gambling. While the odds of winning are astronomically low, there's generally a sentiment that it might be worth it given how low the stakes can be.

For example most countries have a national lottery where tickets can start from 1$/€ etc. In Europe one of the biggest lotteries has prizes of up to 120 million EUR for a minimum ticket price of 2.5 EUR.
In the US several lotteries such as Powerball and Mega Millions have hit jack pots of above 1 billion USD!

This makes me wonder if any online Casino could ever compete with these levels of gambling rewards and pots.

For one usually the national or state lotteries are usually monopolies so there can't be competition. Which allows them to get huge. Also there's supposedly strict regulation and they have very long histories so people tend to trust them. So this might make it difficult to compete with national lotteries. The demand for these games is also a problem because they're mostly sold through physical stores.

The good thing with lotteries is that on the face of huge rewards, players tolerate a very low RTP. Many lotteries have an RTP of 50% even which is crazy low compared to online gambling which tends to have RTPs no lower than 95% usually.

I think online gambling might have hopes to compete with lotteries given how huge and international it's becoming. In fact, I don't know what's holding some of the large casinos back. Maybe they see it as a political threat to their existence if they compete with state lotteries? Could be...

But I'm sure that at least to some extent there is the possibility for a large casino to run a lottery. For instance I remember Primedice used to run a lottery of over 100 BTC. With current prices that would be over 6m USD! Ofc to win all the pot you required bets of over 0.01 BTC so the entry barrier was pretty high. I'm not sure if that lottery is still running actually. But the potential is surely there.

A lottery running by a crypto enabled casino would have a technological advantage in having the possibility to run on a provably fair manner whereas national lotteries these days are often ran with virtual draws that can't be verified to be random. That along with the ease of use of accessing the purchase of tickets from your personal device could also be considered an added benefit.

What do you think? Would you buy tickets in a crypto lottery yourself? And would you prefer it over a state lottery?
With the advent of the internet becoming a massive thing that even toddlers somehow need to be hooked up onto it for better brain development, there's a good chance that gambling online would overpower the amount of people who gamble on national lotteries, as well as its apparent importance as well. Here in the Philippines alone, the PCSO which is our country's national lottery already took upon the internet and created an online platform where patrons of the national lottery could actually make bets on even if they are far from a betting stall or whatever that shit is called here. It's not really that famous yet but it's being featured in most news outlets now and the more people exposed to it the bigger the online counterpart's gonna be.

I don't know about crypto casinos though, cause as it stands today it still is a pretty niche concept if you ask me, and if there's no instant gratification like what happens in P2E games like Axie Infinity (which aren't gambling games for the record) I don't think the people will really delve deep into it by themselves. They need some form of motivation and free spins or extra deposits isn't gonna do it if you'll ask me.
140  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a medium of payment for freelancers on: July 15, 2024, 04:36:56 PM
How popular is bitcoin as a medium of payment for freelancers for their freelance work ? Do clients really pay to freelancers for their work in bitcoins ? Or they prefer other payment mediums like paypal which provided more protection to buyer.
From what I've heard it's not entirely THAT famous but it's been used here and there by a lot of clients, particularly within the crypto industry. Some clients in particular sending them over bitcoin and other cryptocurrencies for that matter cause for one, it cuts the middle man of having to convert the money to stablecoins or fiat just so they can use it, and it also promotes bitcoin in some way or another.

Also worth noting that the very thing that some of us here (myself included) about the signature campaign is pretty much considered free lance work already, so with that being said that we're getting paid as freelancers in the form of bitcoin or USDT, again this type of payment method is only primarily accessible if both you and the client are in the crypto industry, otherwise they wouldn't really dare explore that cause as we all know there's a learning curve you must achieve before you can really get the hang of bitcoin, or any cryptocurrency for that matter.

Oh well, I could see that in the future as more and more people get acquainted with bitcoin, and as more and more freelance jobs come from the crypto industry, we're going to get more people that are being paid in crypto.
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