Quote from: Blitzboy on Today at 07:51:57 PM

Quote from: EarnOnVictor on Today at 06:46:22 AM

Quote from: Oshosondy on May 15, 2024, 09:41:12 AM

I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

There is another one that I read today that people thought he ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confesses that he lost $300K of user funds to gambling.

Quote from: https://cointelegraph.com/news/solana-cypher-developer-gambling-scandal

The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted his wrongdoing in a public statement shared in a May 14 X post:

“To address the elephant in the room, the allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else.”

Let them continue to use people's money for risky activities and let them face the brunt. Your money is your money, people's money is not your money, so why are you gambling or trading with them? I don't expect people to even gamble with their money which they can't afford to lose not to mention people's money, that's so bad and I don't feel for them. If you are not wise, your foolishness will teach you a lesson, so over time, I expect them to learn from their folly. This case you narrated above in addition is the kind that is not severe since it involved many people from all over the world, but in the case the money involves the people that are directly accessible to the guy, they will deal with him so severely.

Something like that is very common these days and greed and desperation are the two major factors that often cause it. If you are greedy or careless, let it be with your money and face the outcome and cry alone in your closet. But with people's money, anything can happen including a threat to life as some people may not take the money lightly as otherwise would do, so why risk your life on avoidable issues like that?

If you play with others' money, Im done. Totally wrong. Gambling may be fun. But its serious business too. Be wise. You must know when to leave. Definitely avoid risking other people's money. Its not simply money. This throws you off. A rollercoaster of ups and downs. Relationships and lives can be destroyed.

So, gamble responsibly. Risk just what you can afford to lose. What about borrowing from friends or family to gamble? Forget it. Winners dont play that way. Remember, money comes and goes. But your relationships, your peace of mind - those are priceless.

Gambling with someone else's Money at first doesn't sound fun at all is just kinda irresponsible, because there's two different things when it comes to losing money, for instance losing your money you can easily forgive yourself and move on without affecting your peace that much (depending though ), but losing another individual funds may surely lead to lack of peace, because you will surely have to pay back the money , which may need to alot of negative effects, due to the pressure attached in it especially when the amount is not something you can easily payback.

So I advice that anyone that are having such mindset or thought of wanting to use someone else's money to gamble should restrain he or she selves from such because it may only lead to more problems in a long run .