It's not unintentional, it's actually called the Cantillon effect, you might wanna search and read about it but basically means that those close to the money printer benefit the most from it. So, when inflation is created those closest to the money supply can borrow at low interest rates and invest in assets, whilst everyone else – mainly workers – first face rising prices and then, if they’re lucky, a pay rise, but this always comes later and is often lower than the actual rate of inflation.


That the majority of the population is becoming poorer.

yeah fractional reserve is inevitable because it provides a genuinely extremely useful function. It's what allows safe and liquid savings, ie deposits, of ordinary people to be leveraged as investment for productive purposes, without requiring those savers to lock up their funds and be directly liable for losses, as they can spend their funds at any time. This works because in aggregate, people only actively spend a smallish portion of their savings, yet still want to retain safety and liquidity at a moments notice. It all breaks when there is a panic however, which is the downside. There ways to deal with this, but government insurance is not the answer as it just encourages irresponsibility, privatizing gains and publicizing losses. That's why you need DAO structures where the depositors are liable, but can still have liquidity while also getting all of the lending yield. I have some ideas for how to implement rules that punish panicking vs holding in a crisis which would limit bank run risk.

Though, they don't blame the casino site directly, but they do murmur, saying things like if they know that people won't win more than to lose more, they won't have created gambling in the first place, which I have witnessed so many gamblers make such comments. But, you humans are easily attached to what will give them extra money, no matter the risks that may be involved, they will still go ahead and do it. Not that they are not aware that gambling is game that their wins are decided by luck but, they just want to give it a try if they can win without actually depend on luck and if things don't go as planned, they look for who to blame and sometimes this leads some into be addicted.

It's now known that Conor is back for the money, there's no doubt about that. However, this fight isn't an exhibition, but rather a full-fledged bout, and it will impact both fighters' professional records. Conor is currently coming off a long hiatus, and usually a low-caliber fight is a way to regroup, but in this case he's up against Max, who has been active unlike him. So unless Conor slams down his training, it'll be a long day in the cell for him.

Experienced gamblers are already aware that this type of win is not common. We know that in gambling, people have higher chances of losing than winning. This story shouldn't be a motivation for people to see gambling as a source of income.

But I don't believe that gambling is totally a waste of money. Regardless of the number of times you lose, sometimes you might be fortunate enough to win. This single win could make you recover all you have lost and even give some profit. It is also not a waste of money since one is also entertained.

Basically, what "waste of money" is, is irresponsible gambling - where we already saw a lot of people like this, these are the people who ended up broke/bankrupt, and some of them affect their life totally, like losing their family.

For me, if what OP shared, like the total Glenda spent to make a million, is just $10, then good for her. Basically, it's what you call "jackpot".

People who can buy bitcoins when it falls down actually prepare their mentality very well before that. It's normal if experienced people do that but newbies can do that too if they learned about this market well and actually wait for market dips to make their entries by purchasing bitcoin at discount prices. Most people join the market with FOMO, with green candles but most of them don't have plans for what to do with red candles or worse with bear market. By lack of proper plans for such market situations, they will panic sell and bitcoins in the market changed hands from weak hands to strong hands.

Who can buy bitcoins with good discipline, determination and well plans for future, will become strong holders and can expand their portfolios with time very well, surely their portfolios will have very good ROIs.

That's the ultimate rule: act like you can't afford the bread until they find out you own the bakery....Minimizing exposure is the only real way to stay safe long-term.!

Using centralized exchanges, accounts and custodial wallets for storing bitcoin and altcoins for any purpose is risky similarly. It's not matter what they plan to do by leaving their coins on centralized exchanges where they don't have private keys, don't own and control their coins, consequences can be very costly and painfully if the exchange scam exits, or it was hacked, then did not compensate to customers, or bankrupted.

There are a lot of risk and there are also enough warnings.
Recent events should make everyone withdraw all their coins to their own wallets: Part 1
Recent events should make you withdraw all your coins to your own wallet: Part 2
Recent events should make you withdraw all your coins to your own wallet: Part 3
Get your coins out of custodial wallets now: Part 4