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1741  Economy / Economics / Re: Second COVID-19 wave is coming...Infinite loop? on: August 20, 2020, 09:47:57 PM
I think the uprising of the waves can still be prevented to come if we will still take notice of exhibiting the strict health protocols even at countries where there are already no covid-19 cases for we still cannot ensure that those who have been recovered from having positive results from covid-19 cannot get infected once again that might trigger for the number of waves to come. By this, we must still be using face masks and bring alcohols for sanitation to keep ourselves from potential spread of virus for I think the best thing we could hope to end the rising of the cases is for the vaccine to be created to end up this pandemic.

Even if we open up the business establishments and make people get back to work, we must still ensure to observe the exhibition of health protocols for we are still not safe outside while the vaccines are still under clinical trials. If we would keep this strict protocols to be observe, we can lessen the probability of the virus to spread once again avoiding the chance of second and so on waves to arise.
1742  Economy / Economics / Re: COVID19 VACCINE AND ECONOMIC GROWTH? on: August 20, 2020, 09:07:39 PM
Now, if the trial of this vaccine will come to your place and ask you to get injected by the vaccine for free would you do it? or not?

If it could be proven effective what do you think about the economy of all country which will going to lead now in the economic growth?

(1) I think this way is impossible to make happen for clinical trials are made out of hospitals and it is improper to ask door to doors of who would like to volunteer for the trial for it can make commotion in the community that such thing exists. Also, even if I would be asked to be one of the individuals to try that vaccine trial for human samples, I won't bother to make an agreement for I would just take the chance to get vaccinated once the trials have been done and proven to be a real cure with no bad side effects on humans. I do not want to be a little sacrifice for I do value my life the most.

(2) Probably once proven that the vaccine created by Russia is a real cure that would end this crisis we have with the covid-19 pandemic, for sure the economy will be back into normal once again but it will undergo a process for every country have experienced a great challenge most specially when it comes to financial. Once the vaccine have been available in the market, surely the country who have created the vaccine will grow its economy more and the other countries will follow but then at least all are heading towards an improvement in terms of the economic growth and development which is important.
1743  Economy / Economics / Re: Universal Basic Income: Ideas on how to make it work? on: August 20, 2020, 07:59:52 PM
The idea of doing an implementation of the UBI (Universal Basic Income) for the sake of the people most specially at this time of pandemic is really an essential thing to do but the OP was right that there are lots of challenges to be faced on implementing such thing which considerably of course involved financial stability and capacity of the government to provide the people's need since it is the reason why it is called UBI, the main problem to be faced on this is the limited resource which is the funding needed to support the idea because if you would think further, most countries are over populated on which the proportionality of sharing the funds the country have won't be enough to support individuals even if you say so it would be on a household basis.

Why would I say so? It is duly because our country have also done such thing and that concept have really faced a big problem and that involves (1) the filtering of the people who would get the financial aid because we have encountered greedy people applying two person in a household (married individuals) on which clearly state they would gain two financial aid that supposedly only one and the other for the other people's benefit. (2) the implementation or the distribution of the financial aid for it took weeks (1st tranche) and even months (2nd tranche) and that program only lasted for two distributions because of limited funding by the government.

The other thing that the OP was right is such program is prone to corruption that is sadly present even at times like this pandemic on which certain powerful officials make use of their power to obtain money that must be for the people and claim it for their own good sake.
1744  Economy / Gambling discussion / Re: Fortnite Betting? on: August 15, 2020, 04:25:34 PM
That was pretty and incredibly good that eSports are being recognized as a game worthy to be with an Olympic game. Well actually, I have already heard and watched the live stream of eSports played in the last ASEAN game held in the Philippines wherein Mobile Legends and Tekken have been one of those eSports being played to get along with the said event.

With regards to Fornite, the graphics are really incredibly good and enjoyable to play with which is no doubt that many gamers are getting fun on playing this game. Looking forward that like other MMORPG this game will soon get along into eSports betting events which will surely attract many gamers to bet on it.
1745  Economy / Economics / Re: Exclusive Tax Proposals On American Billionaires on: August 15, 2020, 03:47:17 PM
That tax proposal was really intended to American billionaires and the author was also an American senator so no wonder why the exclusiveness is for American billionaires only. But if that would be the case, it would sound insane most specially for the billionaires part for they are already paying the right amount of tax stated by the law and all of a sudden raising up a proposal which is unfavorable for their part since even them are affected by the effect of the pandemic. There should be still fairness on the taxation without exception because such proposal might lead those billionaires to be migrating into another nation where they would be treated fairly. If that would happen, another economic declination will happen to US.

Millionaires and billionaires are also paying the designated amount of tax based on the income they have from their businesses so it is very insane if they would be added taxation rate just to support the financial crisis faced by the country. If they would let it happen, surely this would happen again in the future when the economic state is at the edge of declining and in need to have source of financial assistance coming from taxes. That would be unfair for those billionaires because supposedly the taxation must be fair to all nothing more and nothing less. Just the right rate for designated classes.
1746  Economy / Economics / Re: Wealth distribution, and tragedy of the commons. on: August 15, 2020, 03:04:13 PM
The division in social classes (lower, middle, upper) are indications that there is really a variation of people's capability to have a capacity managing the usage of their money to lift up their social class or drag them down into the lower level class where they belong. Even if we state that the wealth would be equally distributed among people, still people with the highest capability of managing their wealth will always move up bringing themselves into the upper class for they do know how to make their money useful and profitable compared to the lower and middle classes.

Even if we always put it into that way, there would be still a way the upper class would be lifted up because they have the experience and the knowledge needed to manage their wealth which makes them a lot more richer and due to lower classes are lacking of such since they do not have always money to manage with, they will always end up dragged down to the lower classification of the society. The wealth distribution will not work out for we are diverse and we have different ways on how we make ourselves exceptional to be always on top of others which makes our social classifications not just dependent on the amount of money we have but also on how we manage it to make ourselves better.
1747  Economy / Economics / Re: Some chinese guy bought most expensive face mask in the world $1.5 million. on: August 15, 2020, 02:26:44 PM
Based on the attachment video url in YouTube provided by the OP, the most expensive mask was commissioned by a Chinese business man to fight against the covid-19 and it was worthwhile to provide this Chinese man a fulfillment to have one for his own satisfaction. The ones who have arranged and made the most expensive mask is also up into a challenge if other company releases a more expensive mask compared to what they have crafted and state to find another rich client that will spend money to commission another more expensive mask to be classified as the most expensive mask in the world.

Seems like they are just doing it for self satisfaction and no valid reason to do such except the purpose of the mask which is to fight back against the spread of the virus. I just wonder, why it is in need to buy such expensive mask when you can have a normal N99 mask that are in the same purpose to protect yourself from the potential spread of virus through water droplets. For me it is just to showcase his money on the crowd which is a nonsense and unwise spending of money at times like this wherein you can buy medical essentials, foods and goods with $1.5M that can also help lots of people in need. Anyway, it is his money so it's his will on where he would spend it but that was just unlikely to spend it into having a most expensive mask that have the same purpose with the normal ones what the difference is just it have precious stones embedded on it.
1748  Economy / Economics / Re: Pray for Our World (Pray for Lebanon) Another Economic Crisis on: August 15, 2020, 01:50:43 PM
The incident in Lebanon was really a tragic one and another suffering for the people living in there because such incident have happened while the pandemic is still on which is a double decker suffering due to health threat because of the virus and at the same time problem on where do this people will live when their houses and livelihoods are affected by the blast brought by the explosion.

This year have been a massive tragedy for each and everyone of us for different countries are also suffering from different calamities brought by natural disasters and the health threat which is the pandemic that we are all facing through right now. Prayers are really one of the greatest offering and weapon that we can offer at this time of crisis. May this be the last tragic event in Lebanon to happen for this year for we are already been drained by the situation and all of us are exhausted on seeking survival fighting back against the covid-19 pandemic.

This tragic event will surely have an additional impact on how the country and the people of Lebanon will rise up their economy but hopefully they can surpass this challenge and let our prayers guide them all throughout their journey.
1749  Economy / Economics / Re: Will African countries be developed? on: August 15, 2020, 01:16:40 PM
Yes of course. African countries can do undergo certain developments, although it would take time, but still they can be capable and possible to be developed as long as they are open to undergo certain processes since they are a rich continent that have plenty of natural resources. They must just need to better know how they are going to make use of it to be able to make their countries progress and gain certain developments.

Based on the information stated by the OP, they are rich in natural resources but they lack on knowledge because not all are given the privilege to have a decent and proper education. If that would be resolved on people being educated, surely they will become knowledgeable on certain things that can make their economy rise by using their natural resources available in their surrounding. Also, change in the governance will do since all are starting from a great leader to lead its people on creating programs to nourish its people with education and provide them all their needs to become productive so they can have a needed man power to create a better nation using their resources present in their continent. Development will come and happen only if they want it to come. The key for their development lies on their hands and they just need to work it out to get along with the other continents around them.
1750  Economy / Economics / Re: You want to become a millionaire,here is the secret formula on: August 15, 2020, 12:46:50 PM
Now that was not a secret formula already. Kidding aside. If that was just that simple to be a millionaire following the formula suggestion you have formulated to become a millionaire, then we must be all millionaires already because that was just easy to say and think but the problem was though it was just that simple, still it was very difficult to be executed for market pricing is not working on that simple manner. First thing that you must clear out is the product you are going to sell, what is the product? Is it worthy to be sold and bought on that amount you have set? If you will be just relying on the quantity, then being a millionaire is just easy to be formulated and no need for a secret formula for we all can do calculations about such.

But we all know that pricing a product is not that easy for we must be considering the product itself minding the capital spent added by all the additional expenses from the manufacturing, packaging, transporting and other things that are affecting the price of the product for you are aiming to gain a profit on selling and not just because you are aiming for a specific price based on the quantities you have on hand. Also, many merchants are present in the market competing with one another providing lower price to higher price on which they offer the same product with same quality that is why you must also consider the market and consumer friendly price for your product to be sold. Being a millionaire is not just easy as formulating such formulas because we can all do it. The challenge is how will you execute it and make it profitable for you to be able to become a millionaire despite of the rising competition.
1751  Economy / Gambling discussion / Re: [LIST] PVP Games Casino You Can Try on: August 15, 2020, 12:14:50 PM
PVP-GAMES

Almost everyone at here playing a casino game against the house or banker, right? Now the question is did you have so much fun when playing the game against the house or banker. If you are quite boring to play off these type of game, how about to try a PVP GAME Casino. These type of game quite different, on the non-PVP Game casino you are playing against the house and banker but on PVP Game Casino you are playing against other users the platform, casino or banker only provide a place for their user to play against other users.

Actually this was indeed right. We mostly play against the banker or the house whenever we play a non-PVP game which is indeed fun and enjoying but most of the time due to house edge and always the same outcome and routine happening in the game, some players are getting bored and loss their interest on playing anymore. Unlike when you play PVP casino games that you have a chance to compete with other players in real time which adds more spice and excitement for you will not know the outcome unless someone loss during the game against his competitor.

Among the list provided by the OP, what excites me the most are the MMORPG since I have into playing such and I agree this was incredibly fun and exciting to play wit. Also with Poker, BlackJack PVP and other games that can be played with other players in real time. What you can see is the difference on the excitement every time you do play PVP casino games because your adrenaline rush would be fulfilled and be satisfied since you know you are competing with other players in real time unlike facing the banker or the house.
1752  Economy / Economics / Re: Are people losing faith from centralized organizations? on: August 14, 2020, 11:51:16 PM
People are not really losing their faith or trust into centralized organizations like banks. It is just that it is not convenient to store up funds inside the banks at this time most specially we are in the pandemic on which we mostly need to have cash on hand now that there is a long line always at ATMs and even at bank counters. People do tend to have cash on hand which makes them not to put their money inside banks so that they can always have funds to purchase necessities like medical and of course food and good essentials.

Considerably, people are just being practical on thinking that instead of storing money inside banks, why not just hold it so that once needed in case of emergency, they do not already need to get into ATMs and bank counters to withdraw money for spending. The situation is not just suitable for bank storage right now and it does not mean that people are losing faith on centralized organizations like them.
1753  Economy / Service Announcements / Re: Win any BlackJack Hand | Strategy Calculator on: August 14, 2020, 03:56:29 PM
I have not even tried using Blackjack strategy calculator before but I think this would work for card games are merely mathematical application of combination and permutations so it could be useful in some sense. Since it was advertised here by the OP, maybe I would give it a try for the next time I play Blackjack in an online casino.

But I think usage of this Blackjack strategy calculator will not provide an assurance of winning at all times for there are lots of card combinations possible in a single game. Maybe it could help lessen the probability of taking loss but still it is a great help then.
1754  Economy / Gambling discussion / Re: How fair is Provably Fair? Do you verify every bet as a gambler? on: August 14, 2020, 03:26:53 PM
As a gambler, I do always check of my bets in a sense that I do properly managed the way I organized the amounts of bet I spend in a game and after that, I just let the luck to play on my side even if I am playing in an online casino. Seriously, this information was just new for me, and what I can say is that it is worth a time for reading such a long explanation about what is provably fair is in any online casino sites. The information I have read was a new addition into my knowledge obtained here in the forum and I can say is that it is worthy and can be useful to check the fairness of the site when it comes to bets. But for sure well-known and reputable online casinos do exhibit proper and fair provably fair scripts on their site which make me worry less about my bets since I am playing into a reputable and trusted casino site. But just to satisfy my curiosity, I will give it a shot to check the provably fair script of the site so I can make use of the knowledge and information I obtain in this thread.
1755  Economy / Gambling discussion / Re: Is it worth paying to advertise your ref link? on: August 14, 2020, 02:56:22 PM
Context counts considerably, advertising works with a relevant audience but overall people will skip something that doesnt especially interest them or even they dont understand is definetly a skip most of the time.  So its varies, a specific demographic will have far higher likelyhood of registering interest and trust of that product imo.

I agree on this. Advertising your referral will work if you will target desirable and relevant audiences that will find it worthy to watch your advertisement because mostly people do tend to skip advertisement that does not satisfy or caught their interest and attention for they do not practically know what the advertisement is all about. Also, long time period advertisements are being worthless to wrong audiences because they will surely get bored and will just skip the ads making it not profitable and not worth paying for.

But if you will be targeting the relevant audiences who will find your advertisement interesting and worth watching for, surely paying for advertising your referral would be worth paying for and that would be the challenge to that on how you will be able people to watch the advertisement of your referral so that what you are paying for will be worth your spend. But if you do really want to know, better give it a shot and let's see how things will work along the process.
1756  Economy / Gambling discussion / Re: Slots in Online Casinos on: August 14, 2020, 02:25:12 PM
 I find myself in somehow disturbed when visiting some (big) online casinos and there is hundreds and hundreds of slot games..  presented just like that ..
  This is not resembling in anyway the slot machines in a (real) casino !



   I thinked of what if making an organisation like, for example making rooms for each game, with a limeted number of slots, say 10 for example. every (machine) identified apart, and every one with his own progressing jackpot,
  So for example when entering the room you have to choose from the available (machines) to start playing !!

We can't get the complete satisfaction of an offline game while playing it online for games like slots, dice,roulette,etc but the outcome of the online games are somewhat resembles the offline real casinos.Making limited slots will decrease the earning opportunities for the gambling sites so I doubt they would but in future we may have slots like you are looking for but certain amount as minimum bet.

I agree. There is no really complete satisfaction on playing online games in an online casino compared when you play it on casino establishments which are on an offline platform. But the same thing applies on both games that we can find in online and offline casinos. It is just that what we play in online casinos are just resemblance of the games we have in offline casinos but still both are played on the same manner.

Actually having lots of slot games in an online casino site is not disturbing at all for it provide variations of the game itself providing gamblers to make choose of the slot game they want to play with different jackpots associated on it. Maybe the organization of how the slots are presented might be the problem but the existence of many slots in an online casino are just fine and is not really a big deal after all.
1757  Economy / Gambling discussion / Re: What makes a good bettor? on: August 14, 2020, 01:50:19 PM
Although playing betting game is mostly based on probability and luck associated on the games, still being a good bettor in need to have prior knowledge about the game he wishes to play. Sometimes gut feel works on placing bets but that was just pure luck for standing a chance to place the correct amount of bet on that particular situation. Being a good bettor must know the rules of the game and how the game works because on that cases, you will be depending the strategy you will do on how you will manage to place your bets on that game.

Just placing bets on any game you do not know is simply a gamble and a risk taking making luck works on your side. But the game of bets does not always be favorable to you so to be able to be a good bettor in a sense that you are enjoying playing and making the game took a long run, you must know everything about the game so you would know how you will strategize managing the amount of bets you will place.
1758  Bitcoin / Bitcoin Discussion / Re: Scammers are back with another trick. Be alert!!! on: August 13, 2020, 11:59:23 PM
Surely, we can expect nothing less from those scammers because once their scheme have already been spilled out or have already known by the public and have been aware of it, they will surely get back with something new and a lot more innovative to victimized other people. They always inhibit the saying of "If there's a will, then there is always a way". Scammers as well as hackers will surely do anything for the sake of money and that pushes them and motivates them to get along a new trick or way on how to scam or hack other people to obtain their property and make it their own.

Good thing that there is always a member of this forum who always keep every other member be aware of such new scam schemes so that no other people will be victimized by such actions. May this serve as an alert notification for everyone to always be alert on keep themselves safe from such and as much as possible distance themselves from getting caught up on those scam tricks.
1759  Bitcoin / Bitcoin Discussion / Re: If War breaks out between China and the US, can China hack Bitcoin? on: August 13, 2020, 11:29:23 PM

With the pandemic that we have, I don't think these powerful countries are thinking of going into war. For what? They need to prioritize their people over ego of something. People are dying and suffering because of this pandemic, and they want to go to war? I don't think so. And China can't hack bitcoin as it is decentralized. Unless, they will hack a crypto exchange and get their bitcoins' holdings. But there's no need for that. It will just ruin their image to the world. They have their own wealth already.

I agree. The leaders of both countries will surely take good care of its citizens first before thinking about their egos regarding political issues that can be fixed through humble negotiation and there is no need for a war to arise for we are all still suffering into the effect of the Coronavirus pandemic most specially at the part of US who is still leading its way to the top of having the most number of cases in the span of months that the pandemic is on this year 2020. Such political issues and egos of both leaders from US and China must be set aside for a while and better focus on the welfare of its people rather than raising a war that can just cost lives and would be a nonsense fight because this pandemic is already causing death due to health related threat.

Also, I do not think hacking of Bitcoin will be involved on the tension between those two big countries for what are they are fighting is on a political matter and also health related due to issues that Pres. Trump is throwing against China regarding the reason of starting this pandemic for it is said that the virus originated in Wuhan, China which is the ground zero of the virus. With that, there is no concrete reason to involve Bitcoin then.
1760  Bitcoin / Bitcoin Discussion / Re: Scam victims on: August 13, 2020, 10:55:25 PM
Unfortunately I think there is no chances for scam victims to be taken care off most specially if such scam is crypto related because mostly such cases, victims are just left behind with no choice and chance of getting their money back. But if your government have already recognized the usage of crypto and have a law or bill about cryptocurrency related scams, I think there is a small possibility that you can somehow track or get your money back. But there is no such assurance on that since people behind such scams are mostly strange or anonymous people that are just using other people's identity and faces to scam people so it would really be hard to get your money back.

First things first, upon engaging into any crypto investment, you must already know the risks associated on it because crypto transactions are made anonymously so if you got victimized by a scammer, then expect you will have no chance of getting your money back already and that would be the end of the story line. That is why do not be so impulsive on doing investments on exchanges you are not familiar with to avoid scams. Better this serve as a lesson not just for you but for everyone that once transaction have been done, there is already no turning back.
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