Can we still truly achieve anonymous gambling in crypto? - page 3.

Don Pedro Dinero

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Quote from: freedomgo on March 24, 2024, 06:47:06 AM

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

What I believe is that the trend will continue as it has been, more KYC and more regulations. When I registered on the forum in 2017 you hardly heard of KYC in casinos. Today are the vast majority who have it in their ToS, and casinos without KYC in any assumption are very few left. Simply that there will come a time in the future when there will be no crypto casinos without KYC.

ralle14

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Quote from: freedomgo on March 24, 2024, 06:47:06 AM

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

I'd say it's still somewhat achievable because there are still on-chain casinos, it reminds me of the good old days when we didn't have to worry about any KYC but we are slowly moving away from that point now that most crypto casinos are sticking with the same style as fiat casinos.

There's still a noticeable difference between the fiat and crypto casinos. Then again, they're slowly diminishing with the newer crypto casinos because some of them could sound the same as fiat casinos given that they have more similarities like playing with a fiat balance and the usual countless casino games from third-party providers.

joniboini

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Quote from: Agbamoni on March 27, 2024, 08:48:06 AM

I don't see why people keep complaining about KYC in an online casino. If it is what is required to secure the money of users in the casinos it is a good idea that all casinos should make KYC mandatory. Truth is i can't trust any casinos that don't make KYC compulsory because i would freak out with time. Like how can you trust a platform that don't take security seriously? Risking your money to platforms that would do nothing when something mistakenly happens to it.

I don't think KYC is a feature to secure users' money though, can you describe how submitting personal details helps the casino/platform that you use to improve how they store your deposit? I believe even if the casino doesn't know who you are, they can store your money carefully with techniques like a multi-sig wallet, no single point of failure, making sure no workers can gain access to their hot wallet, etc. KYC details are just one way for them to verify who you are, so that either they can comply with the law or do an investigation if somebody is suspicious. I believe there are other ways to verify whether somebody is a bot or not without doing KYC.

One of the most obvious issues with KYC in any platform is the risk of data leaks. There have been tons of database leaks in the last few months or so. You're lucky if they don't leak any sensitive data, but there's no guarantee it won't happen in the future. Not to mention the risk of data abuse such as selling your contact details to other parties without your consent like what happened with Facebook.

Ever-young

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Quote from: adpinbr on March 26, 2024, 03:30:35 AM

Well, any gambling that require Some verification that shows that it is really you I don’t see it as anonymous anymore because you have been exposed in the platform. Most of the platform and gambling are adding a lot of verification and signing up, sometimes they say is because of reasons which is true maybe someone would have hacked your account and withdraw what you have won, that is how they secure it from hackers, I don’t see it as anonymous anymore.

I totally agree with you. Requiring verification and personal information significantly reduces the anonymity of a gambling platform. It's important to remember that, even if a platform promises to be anonymous, third parties can often track and identify users. However, some platforms protect user privacy better than others, so it's always a good idea to do some research before deciding on one. Although some gamblers are unconcerned about whether or not their privacy is jeopardized, others who value anonymity and privacy should conduct research before choosing a site.

Antotena

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Quote from: freedomgo on March 24, 2024, 06:47:06 AM

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

Back then, a lot of people care much about decentralization but check how crypto has transition, do you really think people care about that today. People care more about the money in the bag and that's why you see that crypto is saturated with a lot of people looking for meme instead of looking at what the crypto will really offer them, it's sad but that's he reality we live in this era.

Casino also has been rejected, if you are crypto base that is focus on privacy and anonymity, you will probably don't get licnence as thorough investigation has to be done on a casino before they license the casino. So as a business person, they bend rules to make their money rather than been rejected because of something they can change and move on. Didn't you see that most of the casino now requires KYC, this is to say anonymous and decentralization is something of the past.

GigaBit

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If a gambler is invited to a fiat casino or gambling platform after using a crypto casino, he will be able to better understand the differences. Crypto gambling platforms are very helpful for users. Especially in deposits and withdrawals, crypto gambling is far ahead than fiat gambling platforms. Crypto casinos have grown in popularity mainly because gamblers get an opportunity to remain anonymous, which is not possible on fiat platforms. However, due to legal complications, this characteristic is gradually changing. Everyone should come under KYC. While this is a temporary problem for those who truly value anonymity, there is no substitute for KYC to control those involved in money laundering or terrorist activates. Gradually all gambling platforms are coming under government control but I am not too worried about it. Because I believe that gambling platforms are now considered an industry. If it is damaged by the government then the government will lose its revenue.

Julien_Olynpic

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Not everything is so pessimistic and it is quite possible that in the future we will see a reverse trend towards an increase in the number of anonymous casino sites and betting companies. But traditional betting organizations are likely to continue the trend of getting rid of anonymity. In my opinion, the requirement for identity verification is often meaningless, because players register their account in someone else’s name, register from another gadget and send the people they pay to for face-to-face verification. Ultimately, a certain level of anonymity is something that every person has a right to. It is part of our natural rights and it is wrong to take it away from us.

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Quote from: iv4n on March 25, 2024, 03:28:25 PM

Quote from: freedomgo on March 24, 2024, 06:47:06 AM

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

Well, I didn't use fiat online casinos for a while, so I am not sure about how they work these days... before it was pretty complicated for me to play in fiat casinos from my county, deposits and withdrawals were so slow, and I had many restrictions. Now there are many online fiat casinos in my country, but I didn't try them.

But your question is in place, I guess many casinos will become KYC mandatory and that will not differ from fiat casinos, but at the same time, I think that we will have casinos that will be free for all without KYC. Crypto casinos that offer some anonymity, fast deposits & withdrawals will always be in demand from many users. So I guess if we can make any conclusion it would be that we will have everything in crypto, regulated space, and services but for sure we will have some "dark" side that will be free from any government regulations.

I don't see why people keep complaining about KYC in an online casino. If it is what is required to secure the money of users in the casinos it is a good idea that all casinos should make KYC mandatory. Truth is i can't trust any casinos that don't make KYC compulsory because i would freak out with time. Like how can you trust a platform that don't take security seriously? Risking your money to platforms that would do nothing when something mistakenly happens to it.

If OP, is a fan of no casinos site its quite unfortunate. Because it is increasingly common for new and old casinos to adopt KYC due to government regulations. Perhaps it helps to validate withdrawals, or if they suspect unusual things going on in the platform.

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Quote from: Crypt0Gore on March 27, 2024, 08:14:11 AM

They can start their business as privacy featured casino but as time goes on they will change to a centralized way of operation, they will put the blame on the authorities, saying they no longer have no choice but to comply.

Before, this is really the casino marketing strategy to advertise their casino through privacy but this is not being used anymore by online casino since most of them already joining the casino with license thread just to gain trust of gamblers. Decentralized gambling is now just a the minority that almost no players interested on playing.

Quote

Get used to common centralized casinos already, do not wait for any privacy casino, it's never coming, and if you come across one, they already used you for marketing, sooner or later they will start asking you for KYC verification.

Yeah, What I don’t understand nowadays is why gamblers seek privacy in a casino with license while it’s the same idea on exchange with license that ask mandatory KYC. If they already submit KYC on exchange(since they already purchased crypto for gambling deposit) then why they are afraid for privacy. I understood the reason about the fear of data breach of casino but aside from that some user is seeking privacy like they are hiding something with their money.

Crypt0Gore

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No online casino is true anonymous, but due to the lack of anonymity among online casinos, they knew its something that gamblers always wanted, and its a very good marketing idea.

They can start their business as privacy featured casino but as time goes on they will change to a centralized way of operation, they will put the blame on the authorities, saying they no longer have no choice but to comply.

Get used to common centralized casinos already, do not wait for any privacy casino, it's never coming, and if you come across one, they already used you for marketing, sooner or later they will start asking you for KYC verification.

Pierre 2

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I feel like complete anonymous identity will be likw impossible with gambling websites of many countries. Nearly every country wanna properly tax gamblers so they enforce gambling companies to ask for all kinds of personal details. World is heading towards internet which is very hard to stay anonymous. I wish this wasn't true but it is. Especially cryptocurrencies used in crypto casinos will never be privacy ones because governments ban/limit their usage.

Viscore

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Quote from: adpinbr on March 26, 2024, 03:30:35 AM

Well, any gambling that require Some verification that shows that it is really you I don’t see it as anonymous anymore because you have been exposed in the platform. Most of the platform and gambling are adding a lot of verification and signing up, sometimes they say is because of reasons which is true maybe someone would have hacked your account and withdraw what you have won, that is how they secure it from hackers, I don’t see it as anonymous anymore.

It has nothing to do with hacking accounts because even if your account is fully KYC verified, but your username+ password are compromise, the hacker will be able to withdraw your funds. I believe, KYC is just a basic requirement now to comply with the AMLC (Anti Money Laundering Council),, they are the agency that are investigating money laundering crimes and that they'll ensure that they'll trace where the money are coming and goes to, and how it was washed.

If you still remember, mixers are already ban in the forum as it's associated with money laundering, though it provides anonymity, but government hates it, so they could freeze it anytime they want.

adpinbr

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Well, any gambling that require Some verification that shows that it is really you I don’t see it as anonymous anymore because you have been exposed in the platform. Most of the platform and gambling are adding a lot of verification and signing up, sometimes they say is because of reasons which is true maybe someone would have hacked your account and withdraw what you have won, that is how they secure it from hackers, I don’t see it as anonymous anymore.

Yogee

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It is what it is. Casinos are not charities or platforms that provides entertainment without getting something in return. Where is this heading? We'll never really know what will shape the future of online gambling but I think we've already encountered the most privacy-intrusive policies. Regulators may want more measures like blocking the sites but I doubt that would really work in the long term.

goinmerry

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Generally yes, we can achieve fully anonymous gambling in crypto. Though of course, only if you gamble in decentralized gambling platforms.

I'm sure decentralized gambling platforms will grow in numbers as time goes by. Additionally, several centralized crypto-gambling platforms still don't force a mandatory KYC and most of them are popular crypto-gambling platforms.

Since regulations in crypto are becoming hard, platforms need to comply as that is a requirement for a legitimate business operation. It has pros and cons but having KYC shouldn't be a problem to comply with. There are lots of cases already where users got scammed by crypto platforms that the team is hiding behind it. These users are asking for help from authorities but where should the investigation start if the involved casino is anonymous?

Aniel Jay

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Achieving truly anonymous gambling in crypto is challenging but possible with certain cryptocurrencies like Monero, which prioritize privacy features such as stealth addresses and ring signatures. However, complete anonymity depends on various factors including the specific cryptocurrency used, the platform's implementation of privacy measures, and external factors like regulatory scrutiny.

iv4n

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Quote from: freedomgo on March 24, 2024, 06:47:06 AM

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

Well, I didn't use fiat online casinos for a while, so I am not sure about how they work these days... before it was pretty complicated for me to play in fiat casinos from my county, deposits and withdrawals were so slow, and I had many restrictions. Now there are many online fiat casinos in my country, but I didn't try them.

But your question is in place, I guess many casinos will become KYC mandatory and that will not differ from fiat casinos, but at the same time, I think that we will have casinos that will be free for all without KYC. Crypto casinos that offer some anonymity, fast deposits & withdrawals will always be in demand from many users. So I guess if we can make any conclusion it would be that we will have everything in crypto, regulated space, and services but for sure we will have some "dark" side that will be free from any government regulations.

QuinielaPosible

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Quote from: gunhell16 on March 25, 2024, 10:52:27 AM

Quote from: freedomgo on March 24, 2024, 06:47:06 AM

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

Of course, it's still really nice to play in a casino where we don't have much trouble when it comes to withdrawal transactions. Because there are other casinos that will make it difficult to get out, especially when they see that you are withdrawing a large amount from their platform.

And as far as possible, we as players and gamblers want the casino to be transparent. Who doesn't want that? That's why I don't think about that anymore, because whether they're transparent or not, whether they have KYC or not, what's important to me is that as long as the casino is reputable, I don't have a problem as long as I enjoy it, and if I'm lucky enough to win, that's even better. It's okay, and even if I lose, it's still fine with me.

Yup, the crypto casino scene's shifted big time from the wild west days. Anonymity is taking a back seat as players lean towards security and legality with licensed casinos stepping up. It's a mix now.

Most crypto casinos still have their edge on the hassle-free withdrawals.

gunhell16

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Quote from: freedomgo on March 24, 2024, 06:47:06 AM

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

Of course, it's still really nice to play in a casino where we don't have much trouble when it comes to withdrawal transactions. Because there are other casinos that will make it difficult to get out, especially when they see that you are withdrawing a large amount from their platform.

And as far as possible, we as players and gamblers want the casino to be transparent. Who doesn't want that? That's why I don't think about that anymore, because whether they're transparent or not, whether they have KYC or not, what's important to me is that as long as the casino is reputable, I don't have a problem as long as I enjoy it, and if I'm lucky enough to win, that's even better. It's okay, and even if I lose, it's still fine with me.

Zigabel

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Quote from: freedomgo on March 24, 2024, 06:47:06 AM

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous ", and it's the main reason why a lot of gamblers have chosen to gamble using crypto to gain full privacy, but it seems like things have really change a lot now as gamblers are looking for a casino that are licensed while some casinos who promotes anonymous gambling eventually act like a fiat casino that requires KYC.

What do you think about this one, where is are we heading? And can we still consider crypto casino different from fiat casino?

The anonymity in the crypto casinos basically remains in the cryptocurrency transactions at this point but the customer or gamble isn't anonymous again to.the casino and that's actually how the casinos operates in recent times, basically I think because of the regulations from the regions where most of these casinos are situated they have to implement KYC on their customers because if they don't, probably they may end up not been permited or licensed to function actively in such an area or jurisdiction hence they have to effect KYC and at the same time make sure their customers are verified aswell.

Some persons could use the casino for laundry of funds and other crimes and all these will be leveled at the casino thats why they literally make sure they do KYC so thsy don't have issues identifying those who use the casino for illicit activities and they make sure you wager funds deposited into ur wallet before enabling withdrawal.

Topic: Can we still truly achieve anonymous gambling in crypto? - page 3. (Read 925 times)