The Rise of Crypto Gambling: What You Need to Know - page 2.

topbitcoin

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Quote from: wiss19 on July 26, 2023, 09:08:01 AM

Quote from: Blitzboy on July 25, 2023, 07:25:17 AM

I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.

The people that are not easily willing to complete KYC verification at casinos when demanded are going to have nowhere to go for their gambling activities in the near future because there will be strict regulations then, and someone who doesn't complete their verification on time would simply not be allowed to use a platform, gambling is a very far thing, so people need to start getting used to this system because it is most likely here to stay.

While most of us believe that a casino that operates under a license tends to be more safe and secure for us and our assets, this small group of people think that a casino that has a license and asks for KYC verification is going against their privacy, like they are the only ones being asked for it.

But even so you can still gamble without the obligation to do KYC, with the limits set by the casino itself, so in my opinion it's not a problem if you want to maintain your personal identity by not doing KYC, you only need to deposit and withdraw below the limit. But yes, when you get big profits with small capital, of course you also need to do KYC if you want to withdraw the winnings you get in your gambling.

KYC cannot be avoided even though it is contrary to the wishes of anonymity because the average gambling platform has implemented it, except maybe a gambling platform that does not have a license, that is possible, but it is not safe for you to gamble.

And it seems that this policy is indeed based on the rise of gambling activities that are misused, and including gambling using crypto which is experiencing increasing adoption.

wiss19

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Quote from: Blitzboy on July 25, 2023, 07:25:17 AM

I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.

The people that are not easily willing to complete KYC verification at casinos when demanded are going to have nowhere to go for their gambling activities in the near future because there will be strict regulations then, and someone who doesn't complete their verification on time would simply not be allowed to use a platform, gambling is a very far thing, so people need to start getting used to this system because it is most likely here to stay.

While most of us believe that a casino that operates under a license tends to be more safe and secure for us and our assets, this small group of people think that a casino that has a license and asks for KYC verification is going against their privacy, like they are the only ones being asked for it.

Aanuoluwatofunmi

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Quote from: ethereumhunter on July 24, 2023, 11:29:33 PM

If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.

I think lately do people get to identify that we can actually gambles without going through kyc when we make a decision to choose the gambling platform that requires no use of kyc, it's unbelievable that some don't even know, but the good about this is that you can search through whatever thing you want and get them as long as you can give it that search needed, what we don't seek after we may not find and same does happen in gambling too, there are platforms that gives zero tolerance on KYC only if we could give out the demands for searching through one.

tusandii

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Quote from: ethereumhunter on July 26, 2023, 01:51:10 AM

Quote from: piebeyb on July 25, 2023, 02:14:24 AM

-snip-

But unfortunately, many beginners still choose the wrong casino so they are trapped in a scam casino and instead lose their money so that when they win, they will not be able to withdraw the money. And for casinos that ask them to do KYC, they always have to choose the casino so that they don't have to worry about bad things that might arise when they submit the documents.

And when they ask for advice from members on this forum who have years of experience in gambling, they will not choose the wrong casino and will not play gambling in casinos that require members to do KYC. And with the current development of the gambling industry, they have to be really careful in choosing a casino because many new casinos have been launched. Only a few can become trusted casinos.

Most beginners are reluctant to ask questions and find out which casinos have a good reputation and high trust, so they are easily tempted by the promotions offered by some shady casinos.
With this forum in the gambling section, there are already lots of threads that have topics about trusted casinos with good reputations, making it easier for beginners to understand which casinos can be relied upon or should be avoided.

There are already many casinos that have established KYC, so we only have to choose which one is the most trusted and can maintain the security of our personal documents.
After all, I'm sure that every big casino has their own way of keeping their customers' data secure.

delfastTions

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Quote from: Fivestar4everMVP on July 26, 2023, 02:02:48 AM

Quote from: ethereumhunter on July 26, 2023, 01:51:10 AM

Quote from: piebeyb on July 25, 2023, 02:14:24 AM

Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.

But unfortunately, many beginners still choose the wrong casino so they are trapped in a scam casino and instead lose their money so that when they win, they will not be able to withdraw the money. And for casinos that ask them to do KYC, they always have to choose the casino so that they don't have to worry about bad things that might arise when they submit the documents.

And when they ask for advice from members on this forum who have years of experience in gambling, they will not choose the wrong casino and will not play gambling in casinos that require members to do KYC. And with the current development of the gambling industry, they have to be really careful in choosing a casino because many new casinos have been launched. Only a few can become trusted casinos.

With the current development in the gambling casinos, where even freebitco, one of the longest running bitcoin casino that have never required customers to pass kyc verification, if a casino as this can now turn to include in their terms that there is a possibility that they may ask their customer for kyc verification, that should tell you that there is a regulatory pressure on casinos right now, and casinos that are still not requiring kyc from customers either will just vanish with customers funds in the future after they have collected enough, or like every other casinos, they will still turn around to request kyc from their customers.

I think we have arrived a point where gamblers shouldnt be running from kyc anymore.

Indeed, verification by the KYC procedure is increasingly penetrating into the field of casinos and gambling using cryptocurrencies.
Of course, this fundamentally violates the very principle of anonymity of payments in cryptocurrencies.
On the other hand, the KYC procedure itself is gradually becoming obsolete because other verification methods are being used more and more. Even in the field of cryptocurrencies, new technology startups focused on personal identification are emerging. Identification of a person is possible both with the clarification of a specific name, surname and address, as well as simple identification by fingerprints and the iris of the eyes. In the second case, it would be quite possible to use it in a casino, where all players would like to remain at least partially anonymous and not disclose their specific first and last names.
But at the same time, the casino would know for sure that the player is the person who originally registered with the casino. It seems to me that for the future of the entire cryptocurrency gambling industry, this would be a good solution to the problem of KYC and the ability for the player to remain anonymous. Because it is important for many players for various reasons.

Fivestar4everMVP

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Quote from: ethereumhunter on July 26, 2023, 01:51:10 AM

Quote from: piebeyb on July 25, 2023, 02:14:24 AM

Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.

But unfortunately, many beginners still choose the wrong casino so they are trapped in a scam casino and instead lose their money so that when they win, they will not be able to withdraw the money. And for casinos that ask them to do KYC, they always have to choose the casino so that they don't have to worry about bad things that might arise when they submit the documents.

And when they ask for advice from members on this forum who have years of experience in gambling, they will not choose the wrong casino and will not play gambling in casinos that require members to do KYC. And with the current development of the gambling industry, they have to be really careful in choosing a casino because many new casinos have been launched. Only a few can become trusted casinos.

With the current development in the gambling casinos, where even freebitco, one of the longest running bitcoin casino that have never required customers to pass kyc verification, if a casino as this can now turn to include in their terms that there is a possibility that they may ask their customer for kyc verification, that should tell you that there is a regulatory pressure on casinos right now, and casinos that are still not requiring kyc from customers either will just vanish with customers funds in the future after they have collected enough, or like every other casinos, they will still turn around to request kyc from their customers.

I think we have arrived a point where gamblers shouldnt be running from kyc anymore.

ethereumhunter

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Quote from: piebeyb on July 25, 2023, 02:14:24 AM

Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.

But unfortunately, many beginners still choose the wrong casino so they are trapped in a scam casino and instead lose their money so that when they win, they will not be able to withdraw the money. And for casinos that ask them to do KYC, they always have to choose the casino so that they don't have to worry about bad things that might arise when they submit the documents.

And when they ask for advice from members on this forum who have years of experience in gambling, they will not choose the wrong casino and will not play gambling in casinos that require members to do KYC. And with the current development of the gambling industry, they have to be really careful in choosing a casino because many new casinos have been launched. Only a few can become trusted casinos.

Blitzboy

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Quote from: piebeyb on July 25, 2023, 02:14:24 AM

Quote from: ethereumhunter on July 24, 2023, 11:29:33 PM

If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.

And this KYC problem seems to be starting to change for crypto casinos because several casinos have already started implementing KYC for their members, especially those who win a lot of money or make big money deposits. Crypto casinos have also started to be careful about all the illegal activities that may occur in their casinos so they implement rather strict KYC.

Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.

I admire your trust in the casinos suggested by the community. But that doesnt mean you shouldnt do your homework before working with them anyway. Consider the casino's operational transparency, licensing, and history of managing customer complaints in addition to its position in online forums while making your decision.

That some people don't fully grasp KYC is a valid point. But I feel compelled to add that sniffing out wrongdoing is only part of the story. It's a rule that needs to be followed so that crimes like identity theft and financial fraud don't happen. It has nothing to do with how large or small a gambler you are and is instead a measure taken to maintain trustworthiness and openness in the online gambling system.

piebeyb

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Quote from: ethereumhunter on July 24, 2023, 11:29:33 PM

If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.

And this KYC problem seems to be starting to change for crypto casinos because several casinos have already started implementing KYC for their members, especially those who win a lot of money or make big money deposits. Crypto casinos have also started to be careful about all the illegal activities that may occur in their casinos so they implement rather strict KYC.

Yes, you are right, after all, there are lots of trusted casino recommendations on this forum, of course, from the community, they also always provide recommendations. Beginners should be able to ask about trusted casinos on this forum, because as experienced gamblers, of course, we will also recommend the best ones, so people don't need to worry about KYC because there are several reasons casinos ask for KYC and some don't.

Many people misunderstand about that, sometimes little gamblers are afraid of KYC so they go choose small casino sites and scammers so they lose money, after all what KYC means is for example giving out our identity when the system detects illegal deposits or activities, big wins or big deposits maybe the casino will ask users to complete KYC, besides that everything is safe even I have never been asked to complete KYC because I am a little gambler. withdraw hundreds of dollars without KYC as long as you play honestly at a big and trusted casino.

ethereumhunter

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Quote from: Lanatsa on July 24, 2023, 07:14:10 PM

Stick with known and reputable platforms on which it would really be that good if you are really trying out to avoid some headaches or doubt when it comes to that KYC thing or something correlated.
Gambling industry is becoming that much bigger as the years passing by on which it isnt really just that limited on traditional fiat offline and online casinos but now we do already have that crypto online gambling
which it do also generates huge revenue and having that significant numbers in terms of platforms existing and the profits that they are making.

It wont really be that a shocking thing that these platforms would really be going into that legal side of things on which they would really be regulated and would really be that abiding on government rules and
conditions on which it wont really be that new if they would really be going in line with it and would be passing up those requirements into their users which it would really be
leading up having no choice but to comply if ever we had been asked out.

If people want to play gambling in peace, they really have to be able to choose a trusted casino and even though the casino asks you to do KYC, you don't need to worry because the casino is trusted. For now, the gambling business has become bigger and is developing rapidly, especially for crypto casinos, which have gained popularity since the pandemic yesterday. People who cannot leave their homes are starting to use online casinos, both fiat and crypto but many gamblers are also switching to crypto casinos.

And this KYC problem seems to be starting to change for crypto casinos because several casinos have already started implementing KYC for their members, especially those who win a lot of money or make big money deposits. Crypto casinos have also started to be careful about all the illegal activities that may occur in their casinos so they implement rather strict KYC.

Lanatsa

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Quote from: ultrloa on July 24, 2023, 07:15:31 AM

Quote from: Cling18 on July 22, 2023, 12:22:45 PM

Quote from: ultrloa on July 22, 2023, 08:40:28 AM

Quote from: letteredhub on July 22, 2023, 06:23:17 AM

Quote from: nitrobetting on July 19, 2023, 01:02:55 PM

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

We might doubt KYC's and we might also feel that our privacy and anonymity is being affected, we could still see the role of KYCs in our security. We will also benefit from it in the future so we better comply with it since most casinos are now requiring it. The pandemic has made a lot of gamblers switch from traditional casinos into online casinos which made them also choose it over physical casinos because of the convenience that they could experience on it.
Most gamblers prioritizes convenience especially to those who have huge priorities and jobs. It is an advantage that we could now gambler anywhere and anytime because of the development of our technology. However, there are casinos who aren't providing the services that we want which is unsatisfying so it is still necessary that we'll always look for trusted and reliable casinos especially if we want oour gambling journey to succeed in the long run.

We can't take out the worries about our personal identity but for the current regulation and other implementation of government we need to comply if we want to continue to use the service of certain platforms. That's why the leadt we can do now is to choose the reputable among those platform so that we can lessen our worries and eliminate the fear of getting compromise since for sure they also protect our identity. I may not aiming to succeed on my gambling journey but what I want for now is to enjoy all the games I play.

Stick with known and reputable platforms on which it would really be that good if you are really trying out to avoid some headaches or doubt when it comes to that KYC thing or something correlated.
Gambling industry is becoming that much bigger as the years passing by on which it isnt really just that limited on traditional fiat offline and online casinos but now we do already have that crypto online gambling
which it do also generates huge revenue and having that significant numbers in terms of platforms existing and the profits that they are making.

It wont really be that a shocking thing that these platforms would really be going into that legal side of things on which they would really be regulated and would really be that abiding on government rules and
conditions on which it wont really be that new if they would really be going in line with it and would be passing up those requirements into their users which it would really be
leading up having no choice but to comply if ever we had been asked out.

Stalker22

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Quote from: summonerrk on July 23, 2023, 09:04:07 PM

What kind of toxic attacks on me are you doing here?
~

What the hell are you talking about? My reply was neither toxic, nor did I attack you. I simply asked you if you could give some examples, since you said, "There are plenty of crypto casinos that operate on an open blockchain," which I believe is not true. Stop being so overdramatic!

Quote from: summonerrk on July 23, 2023, 09:04:07 PM

~
Yes, I may have described something inaccurately in previous post, but this is not a reason to write to me in such a way as you did.

My sincerest apologies, Your Majesty! Roll Eyes

Hamphser

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Quote from: ultrloa on July 24, 2023, 07:15:31 AM

Quote from: Cling18 on July 22, 2023, 12:22:45 PM

Quote from: ultrloa on July 22, 2023, 08:40:28 AM

Quote from: letteredhub on July 22, 2023, 06:23:17 AM

Quote from: nitrobetting on July 19, 2023, 01:02:55 PM

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

We might doubt KYC's and we might also feel that our privacy and anonymity is being affected, we could still see the role of KYCs in our security. We will also benefit from it in the future so we better comply with it since most casinos are now requiring it. The pandemic has made a lot of gamblers switch from traditional casinos into online casinos which made them also choose it over physical casinos because of the convenience that they could experience on it.
Most gamblers prioritizes convenience especially to those who have huge priorities and jobs. It is an advantage that we could now gambler anywhere and anytime because of the development of our technology. However, there are casinos who aren't providing the services that we want which is unsatisfying so it is still necessary that we'll always look for trusted and reliable casinos especially if we want oour gambling journey to succeed in the long run.

We can't take out the worries about our personal identity but for the current regulation and other implementation of government we need to comply if we want to continue to use the service of certain platforms. That's why the leadt we can do now is to choose the reputable among those platform so that we can lessen our worries and eliminate the fear of getting compromise since for sure they also protect our identity. I may not aiming to succeed on my gambling journey but what I want for now is to enjoy all the games I play.

As much as possible it would really be just that wise on making yourself engaging into a certain platform on which it would really be totally not requiring any KYC in the first time you would be playing.Even though
they would really be having those terms on asking out some possible KYC if they have seen or observe something which its still not really that strict when it comes to that.Unless if it would be asking out some
verification on the time that we would be tending to play then for sure it would be a no go for everybody on having this kind of set up.

Due to lots of options that we do have in the market then it wont really be that shocking that they would really be just simply jumping off to one another and as long they cant
able to find a certain platform on which they would really be that confident on playing into then they wont surely stop. Its true that we do have tons of options
on which we could able to choose from.

Weawant

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Quote from: Webetcoins on July 23, 2023, 04:36:09 AM

With regulations on the rise, privacy and anonymity are totally out of the question since no casino that is centralized is allowed to operate without a license and when they acquire a license, they are compelled to comply with the AML and KYC rules which is why they impose a lot of restrictions and verifications on their users even if the users don't like them, they have to complete them, otherwise, they won't be able to access some of the main features of the platform such as withdrawals.

I think this is an attack on cryptocurency related casino because I don't see them requesting the traditional casinos to verify gamblers KYC before they can play. The government are doing this intentionally to discourage people from using cryptocurency related casinos.

The government knows that many gamblers now prefer cryptocurency casino since they're fast for depositing and processing withdrawal and there's no network issues for the crypto gambling casinos. These regulations are targetted at taking privacy away from crypto casino.

Crypto related casino has come a long way, they're among the best casino and in the market and has lots of gamblers using their casino. They're bringing in more people into the cryptocurency industry as gamblers get to know about cryptocurency and do their research.

ultrloa

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Quote from: Cling18 on July 22, 2023, 12:22:45 PM

Quote from: ultrloa on July 22, 2023, 08:40:28 AM

Quote from: letteredhub on July 22, 2023, 06:23:17 AM

Quote from: nitrobetting on July 19, 2023, 01:02:55 PM

For our purposes, this is the most significant thing to know about crypto gambling. It is much more secure than playing in a traditional sportsbook.

Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.

You can deposit and make withdrawals faster

The introductiom of crypto gambling is drastically changing the phase of gambling to another level entirely, so well revolutionized that convenience and privacy puts together keep the gambler safe from sensorship and monitoring factors we do experience with the use of traditional casinos. The covid-19 pandemic period was the propeller to the game changer in the online gambling industry.
Another aspect I enjoy from crypto gambling is the fast payment system which is an arguable factor to traditional casinos where payments are delayed sometimes it takes days with clumsy excuses.

When we talk about privacy well its not the case at the moment since reputable casino is now asking a KYC to their clients so with this being anonymous is not really a main case due to this conditions. But if we talk about convenience yes its really bring up everything easy to a gambler. But if we discuss about experience I can say physical casino still more better than online since the gaming experience is really different.

We might doubt KYC's and we might also feel that our privacy and anonymity is being affected, we could still see the role of KYCs in our security. We will also benefit from it in the future so we better comply with it since most casinos are now requiring it. The pandemic has made a lot of gamblers switch from traditional casinos into online casinos which made them also choose it over physical casinos because of the convenience that they could experience on it.
Most gamblers prioritizes convenience especially to those who have huge priorities and jobs. It is an advantage that we could now gambler anywhere and anytime because of the development of our technology. However, there are casinos who aren't providing the services that we want which is unsatisfying so it is still necessary that we'll always look for trusted and reliable casinos especially if we want oour gambling journey to succeed in the long run.

We can't take out the worries about our personal identity but for the current regulation and other implementation of government we need to comply if we want to continue to use the service of certain platforms. That's why the leadt we can do now is to choose the reputable among those platform so that we can lessen our worries and eliminate the fear of getting compromise since for sure they also protect our identity. I may not aiming to succeed on my gambling journey but what I want for now is to enjoy all the games I play.

iv4n

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Quote from: summonerrk on July 23, 2023, 09:04:07 PM

Quote from: summonerrk on July 23, 2023, 03:34:32 PM

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

What kind of toxic attacks on me are you doing here?

We will consider what I meant by the example of a cryptocasino TrueFlip: This casino is presented on our forum, if you so want to see an existing example.
Phrases from how the project positions itself:

TrueFlip uses blockchain technology to verify its lottery and guarantees the absence of any interference from developers or any other entity.
...

Yes, I may have described something inaccurately in previous post, but this is not a reason to write to me in such a way as you did.

Nobody attacks you... and there's nothing toxic here. Don't be so sensitive.

Having one or more provably fair games don't make a casino open and transparent. There are in-house roulette, slots, but the most popular live games and slots are third-party.

Quote

Provably fair technology employs several steps to generate verifiable and unbiased game outcomes.

Many people don't like in-house games because of the house edge, in the long run, the math says they are all -ev.

summonerrk

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Activity: 1330

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Arts & Crypto

Quote from: AmoreJaz on July 23, 2023, 07:38:43 PM

Quote from: Stalker22 on July 23, 2023, 04:37:44 PM

Quote from: summonerrk on July 23, 2023, 03:34:32 PM

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

maybe he is referring to decentralised casinos where you can already see the transaction hash of those winners. i think what he meant by non-blockchain is being a centralised one, which actually are using blockchain networks like bitcoin, eth, bsc, matic and others. so he should clarify about this open and close here. Tongue

non blockchain will be fiat-based without other cryptocurrencies as their payment method. and the open blockchain are those web 3 casinos.

Quote from: Stalker22 on July 23, 2023, 04:37:44 PM

Quote from: summonerrk on July 23, 2023, 03:34:32 PM

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

Quote from: iv4n on July 23, 2023, 05:19:56 PM

Quote from: Stalker22 on July 23, 2023, 04:37:44 PM

Quote from: summonerrk on July 23, 2023, 03:34:32 PM

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

He doesn't understand himself either... I am pretty sure about that. There's something about provably fair games (in-house games that can be verified by the third party), but winning probabilities for slots and some live games depend on the provider, and their RTP is usually visible, but we can't verify our bets. I guess he mixed up those two... somehow, some way.

What kind of toxic attacks on me are you doing here?

We will consider what I meant by the example of a cryptocasino TrueFlip: This casino is presented on our forum, if you so want to see an existing example.
Phrases from how the project positions itself:

TrueFlip uses blockchain technology to verify its lottery and guarantees the absence of any interference from developers or any other entity.

The system automatically converts each payment into bitcoin and transfers the funds to the lottery prize fund. The prize fund of the platform is transparent and always open for viewing due to blockchain technology and is 60% of the ticket price. (For more information on the distribution of ticket revenue, see In the "Business model" section).

TrueFlip offers a transparent business model for TFL token holders. Every ticket sold, winnings, withdrawals, bonuses and operating expenses will be open to each TFL token holder and recorded on the blockchain, so it will not change.

Yes, I may have described something inaccurately in previous post, but this is not a reason to write to me in such a way as you did.

AmoreJaz

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Quote from: Stalker22 on July 23, 2023, 04:37:44 PM

Quote from: summonerrk on July 23, 2023, 03:34:32 PM

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

maybe he is referring to decentralised casinos where you can already see the transaction hash of those winners. i think what he meant by non-blockchain is being a centralised one, which actually are using blockchain networks like bitcoin, eth, bsc, matic and others. so he should clarify about this open and close here. Tongue

non blockchain will be fiat-based without other cryptocurrencies as their payment method. and the open blockchain are those web 3 casinos.

iv4n

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Activity: 3122

Merit: 1171

Quote from: Stalker22 on July 23, 2023, 04:37:44 PM

Quote from: summonerrk on July 23, 2023, 03:34:32 PM

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

He doesn't understand himself either... I am pretty sure about that. There's something about provably fair games (in-house games that can be verified by the third party), but winning probabilities for slots and some live games depend on the provider, and their RTP is usually visible, but we can't verify our bets. I guess he mixed up those two... somehow, some way.

Quote from: summonerrk on July 23, 2023, 03:34:32 PM

2) A special way of entering and withdrawing money: no open movements of transactions on accounts and cards. By transferring money through cryptocurrencies, you are anonymous. Transactions go fast and without stupid confirmations, because of which you may be asked to turn your head every time or provide documents for the 100th time.

This is something most of us from here understand... but for people outside crypto all this looks like a "spaceship"! After so many years in crypto, I still make mistakes here and there, especially when I am trying out different possibilities, and in crypto, we sure have a lot of them. If we talk about crypto in general, including all coins, tokens, and chains. Wallets are a different story, but very important as well...

The headline is simple "The Rise of Crypto Gambling: What You Need to Know"! The first thing is definitely setting up a wallet, but only one wallet will not do much if you wish to experiment with "all the possibilities in the crypto gambling space". And people should really be careful with using "the right chains and addresses"! You can't believe how many people make those simple mistakes, and for newbies all that can be really confusing!

Stalker22

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Activity: 1484

Merit: 1355

Quote from: summonerrk on July 23, 2023, 03:34:32 PM

1) The most important reason in my opinion is honesty. There are plenty of crypto casinos that operate on an open blockchain and easily provide their winning probabilities, which are involved inside their games, such as roulette, slot machines and the like. Shouldn't every casino be open? Casinos on NON-blockchain do not think so.

I am not sure I fully understand your point. Could you please provide some examples of popular casinos that operate on an open blockchain? It seems like you might be confusing the provably fair concept, which has nothing to do with blockchain technology except for its use of cryptography.

Topic: The Rise of Crypto Gambling: What You Need to Know - page 2. (Read 843 times)