I never heard about this game as well. I read a little about this game, let me summarize it for other forum members as well.
Apparently this game is played with three dice and it originated in Ancient China but now can be found in most of the offline casinos. It's very popular in UK as well. Betting is based on all three dices Rollin the same. This game is more about interaction as well since people are sitting on the table and the dealer waits before shaking the box and opening it, revealing the combination inside, therefore I do feel this might be a reason why it's not so famous online. At the same time the probability is better for other games as well, therefore I do believe that that's the reason why people don't play this game this often.

According to me when we talk about more fun, it's definately :
SLOT
But when we talk about better odds, I do think DICE always wins for me, since you can change your range on certain sites and make small profit over a long time.

But I do think we have to remember that, online slots have a better chance at winning that land based slots therefore you can definately get better deals there.

Plus Dice games online are already very predictable and there is not much changes in them, therefore when we are talking about slot games there are much more fun things added there and also they have more diversity!!

Well both of them have values, the fact is it's not only dependent on the market but it's also dependent on the usage and the community as well, for example in India, people can use gold like USS, anywhere, they can exchange it within seconds or even  buy something else with it. But in other countries this asset is more digitalized.
Plus gold is not printed. We know for a fact that the diamonds are controlled by the big companies to make sure their price remains high but gold is more dependent on the mines and the mineral reserve in the particular state or the country so government doesn't really have a big say in it. They can certainly make changes in the way it's traded and make laws about trading etc.. but they cannot go back in time and make entirely new mines for gold. Plus after the rule of Britishers they stole a lot and not the distribution is not just dependent on geography but on other things as well.

Well some of them are owned by people like : Mr. Satoshi Nakamoto who I do believe won't ever sell his coins since it's like the stability is based on the long term holders, plus the one's who actually care about bitcoins are actually an asset for us..

Rest some of them are lost coins as well, I remember loosing my wallet in like 2012 or something, even if it didn't have much but this is more common that we actually think and back in those days people did use websites, did free spins, did advertising and earned a lot as well, but the value was not that much and most of them have no idea where the coins are right now..

Other than that I do think we should be scared hands down for the people who are left and not in that category, all we can do is make laws ( but that can push bitcoins to centralization) and at the same time implement them making sure we are not risking centralization.

The consideration of Bitcoins in the same category as stocks and centralized assets is something that is not really a good idea but I do think it's really impressive for bitcoins. On the other hand it's showing the dominance of the crypto market which is considering how hostile china had been and how Biden made statements about bitcoins as well, the stability of cryptocurrencies are also important for countries like Afghanistan where they are going through a lot of unrest in terms of politics, economics and social human rights as well.
But are we really using the same equations for both centralized and decentralized currencies???

Recession is honestly inevitable but preventable measures can be taken hands down:
1. The stability of the government comes first
2. The banks and other financial services have to be strong as well.
3. Private and Public companies needs to regulate their own personal assets at the same time they have to engage with the general public as well
4. Creating more jobs
5. Better education
6. Better healthcare
7. Controlling the debts owned by the government hands down and taking care of the taxes as well ( they cannot expect middle class people to pay high taxes and what's even about the negative interest rates ?? Why is it even a concept)
8. Having strong ties with the international countries that might help them grow more and making sure their local businesses is flourishing as well.
9. Engaging in things like cryptocurrencies as well ( can be used as a buffer during harsh times)
Etc..

I believe things like that can make a huge difference, small things done at the right time. The government has to control and help not just themselves but the people as well, that's where a strong economy will come from, which can be used as a hedge against recession..

No I did not really made a bet there but I do remember players on the forum getting engaged on sorare. Even though it's fantasy football, it's being treated like Gambling by the government, but I do feel like Jury is still out on that, therefore its more important to look out for anything that happens in the future.

I do know about the website tho and did go through everything before.


Exactly, it's a heated argument against them and we all know how bad it can turn in a matter of seconds and therefore I do think people should still clear off depositing and engaging with anything till things are cleared out, well I do think they should also encourage things to get sorted out soon .


Well apparently the government and people are treating most of the things as gambling, even the trading sometimes. We cannot just treat it as a gambling website for sure but at the same time we cannot ignore the warning generated against them at the same time. It's more like better to be safe that sorry, rest I do hope sorare, sorts it out soon ! Because I do know that a lot of people are interested in it.

The gambling commission has warned the people of the site *sorare.com*. I do remember some people posting about this site and it seemed good for the first impression.

I do remember a post being made about this site which provides fantasy football games where players can trade cards and win as well.



But apparently they are still thinking if sorare does require any any license or they can be operating normally without one since they are not really providing gambling services according to them, but the results have to still come out.

Right now it's not really safe to transfer funds on that site.
( Until they decide to get the license or maybe the government rules out that they don't need any, either way, stay safe!)

https://www.gamblinginsider.com/news/13454/gambling-commission-warns-of-unlicensed-sorarecom

Well I do think right now since the price of Bitcoin is climbing to the top, I do feel it would have been perfect for them to get involved with more people, especially in south America, the country might be moving towards a really friendly crypto economy.

I cannot pin point any reason they could be doing this but they have to check their rules and regulations again and let people know they are not just crypto friendly, but the are supporting them as well here.

But then again, this might be a good opportunity for some other company to take over, binance has been in the race for a long time but I do feel right now they need either better, stronger, safer systems in place of someone else needs to take over.

Hopefully things gets resolved and people have other options as well, because right now we are in a trading heaven.

If they do finally decide to bring it online and also start accepting cryptocurrencies as well, I do think this might not work straight away, since there is a lot of competition in that market and they cannot really risk anything at that point.

Bringing it online world mean already having a whole lot of customers returning to the casino and at the same time they can make a lot of money, more money since during the covid it's hard to basically run any business like that, there is always a fear of an outbreak happening.

This idea can go both ways.
Regulations are strict but not in all the states, at some places it might flourish well, therefore it's all dependent on how well they do their research. Cryptos can provide global exposure as well. Let's see how it goes.

The probelm I have with central bank digital currencies are that they are just extension of fiat are this point, security is something that would be improved hands down and I do think that the government needs to use blockchain technology there, but at the same time they would definitely try and control the existing digital currencies as well, example bitcoins, Altcoins etc, that could be detrimental for the whole situation as well.

Negative interest rate ?
Withdrawing money from people's savings??
This is something where cryptocurrencies could be useful, if something like that is happening then they have to move from the governmental controlled currencies and actually invest their money somewhere where the government cannot control. I do not think this would happen at this point because this would defiantly flip the whole system out of place.

At the same time it's not really connected to one country's economy. Therefore there is a value of stability here, it can also be really helpful for countries which are in a civil unrest as well.

-This way they work as a strong tool to control the drastic situations in various countries and sectors as well since they are not entangled into just one and if you see it like that, these countries generally supports each other indirectly. The strong economies for sure makes big investments here and which can help break the wealth barrier in other parts.

Taking about Inflation. I do think that, we don't really have much to worry about since the whole ecosystem of cryptocurrencies like bitcoins is very different from the ecosystem of fiat and other assets, they basically have different rules definately compared to normal economy.

If all the money into the world entered the cryptocurrencies I do think that would be extremely unstable. Since we would definately have people who would not be able to use cryptocurrencies, the people who have small business, poor people are well, would defiantly be excluded from the whole economy for the time being.

Then we might have to think about *volatility*, more people means more money flowing in and out of the market, which does mean the stability might be overthrown.

The governments will for sure try and dominate the bitcoins as well, which would end up in a war perse since the countries would be fighting with each other to have the upper hand, ending up in making countries like US, UK dominant. This might end up bad.

In India, the fuel prices hiked for 5th day in a row!! Crossing the 100 inr mark. In Ukraine it's 1.33$ per liter, which is not that high in comparison. But the fact is, it's during the COVID-19. Plus it's not just fuel prices, it's also the prices in public transportation.
In Ukraine, It's *5 times now, since 2018-19. Plus shouldn't COVID would have helped the government to control it, to help people??? The working?? The middle class??? One might think but unfortunately due to the failing economy I think they are just trying to make up for that. At the same time due to border regulations right now it's hard for the countries who are not producing it, rather importing it..
For countries like Venezuela, the price is 0.2$, a country with the biggest oil reserves in the world. It's all about geography and international relations right now..
That's why the need of the hour is *to use renewable sources of energy* that's a whole new topic.

So when we are taking about the lightning network being used, are we moving towards a way safer network? Which was much needed for Bitcoins to become a good currency, not just an investment.

Plus even if people are actively registering, the amount of people using the network would be less as compared to the actual numbers hands down, so we have to consider this as an experiment perse for the time being, the economy will definitely grow stronger since the price of Bitcoins despite the Impact China had was really stable. Therefore having such a strong currency indirectly is a good idea anytime of the day.

I think we still have to wait to make any kind of conclusion , monitoring the situation is much needed since it's not just the country but all other countries as well looking at El Salvador and making judgements, if it's a good idea to do this or not. So I do think that they really doing an important job here.

Well personally for me putting budget out for things never works, at the end of the day there are always unimaginable circumstances, especially in the wake of COVID that requires a lot of extra money every once in a while and the government is not even being kind to the people, the fares everywhere are rising and at the same time, people always use things like Credit cards, which doesn't go down so good. As far as I have seen all my friends are paying off their credit card loans. Plus in a student's life it's very important to always keep extra money with you, when you have investments like cryptocurrencies it's both risky/boon, therefore everyone has to tread lightly. It's a hard task, I don't think we can follow any rules here.

It's a state in India.
It's not much about influence on the industry it's more about people gambling legally and looking for new updates as well.

Plus the government there is bound to influence the governments around the whole state for example, Tamil Nadu.

This might be a but of a problem with people living there. But the government continues to support thins like house betting therefore it's all really twisted.

They need more gambling Addiction helplines, educate the kids more about everything and go for regulation rather than banning.

Let's see how it goes.

Price is definitely a very important factor when it comes to an asset, in general it's not the only thing to look for but you also have to understand the fact that it shows the overall economic health of the company.

Other than that there are few things that one can look for as well.

1. Profits
2. Graph
3. Sales
4. Market value
5. Growth rate
6. Legal issues
    
At the end of the day if the company is strong thus the whole price per asset would be strong as well, no doubt, I do think price is defiantly important, also the profit percentage can be calculated as well, you can look for a fixed amount of time in the past and then calculate the overall profit the people made and how the price rose.

Just do final - initial value and do it for fixed intervals, this way you would have much better idea of what you are getting into and would also be able to get a hang of the Volatility.

Honestly there are risks in every single investment that you are making and when it comes to bitcoins I think the top two would be :
1. legal issues
( From the side of the government)
2. Issues regarding volatility and manipulation as well
...
The fact is not all countries are crypto friendly and thus at the end of the day people might have to pay huge taxes or even sell their assets before time with the government suddenly decide to ban it. ( They usually give a time period but that's only bad since the price keeps going down eventually and you end up in a loss )

The Volatility is something that is not only a boon for the traders but at the same time it might cause a lot of probelms as well, since if you are not vigilant, you can loose a lot, faster than ever. Therefore if you do know how to use it, it's perfect, but if you are a new trader then you have to take it slow and learn from your mistakes along the way.

Most people who trade are also holding, therefore your portfolio is actually in your own hands, you can decide to tackle it from different angles and when you think you are loosing a lot, just stop and see where you are doing mistakes, I think it's all about learning and experience.

PREVIOUSLY there was a discussion regarding how the Karnataka Government ( a state in India ) might soon ban the Gambling and Betting ( online)..

On Tuesday The Karnataka Government Act, was submitted to be amended, it Bans all Online Gambling and  Online Betting. It does extend and would give the users a maximum imprisonment of 5 years and fine UpTo 1 lakh. But as previously stated in the news, the law does not include Horse Racing.



The law was submitted following the death of a guy due to gambling losses ( he committed suicide)

Source: https://www.google.com/amp/s/www.deccanherald.com/amp/state/top-karnataka-stories/karnataka-notifies-law-banning-online-gambling-1037736.html

- We might see stricter regulations from other states as well which even though might be challenged, but would take freedom out of people's hands when it comes to online Gambling and Betting.

Therefore be careful if you are Gambling in Karnataka now. Some sites do block the VPN as well, so you might be in a loss if you try to bet on things without legal consent from the government, let's hope the amends can be made in a positive sense, they might restrict but outright banning might cause people to use underhanded methods to engage in it, what do you think ?