Can we still truly achieve anonymous gambling in crypto? - page 7.

Quidat

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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?

One of the main reasons on why crypto gambling did become that popular because of that anonymous and decentralized thing but we cant really be able to deny that there are
tons of those sites or platforms had becomes scams or doing up those shitty move and scamming out those users and this is why you cant really be able to blame out the community for them to find with those platforms or companies on which they do have that kind of licenses on which this is some sort of security but actually its not but we cant deny that this is one of the main things
on where people are now really that looking for this kind of criteria for them to trust on, although its not an assurance but at least they've been wary about those legalities at least
and its something that we cant deny that these changes are really that happening.

acroman08

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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?

Sadly it seems like we are heading towards where remaining anonymous while gambling is impossible. today, it is almost impossible to remain anonymous when gambling, with the KYC being normalize in the crypto casino industry day by day, trying to remain anonymous while gambling is almost impossible especially if you are an active gambler constantly withdrawing from a casino or have won a sizable amount of money.

cabron

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Just staying under the limited amount of money inside the casinos, I think will still make you anonymous. They will still not ask for KYC if you stay under the limit. I have not submitted documents to all casinos I have been and that's because I only deposited under $500. And that is also because I don't have much.

Its your wallet however is not anonymous especially when you deposit an amount of BTC inside the exchanges where you submit documents. If the government tracks you through the exchange you signed up, I guess they can see.

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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?

We are heading towards centralization more and more each new day in crypto universe. I guess it's inevitable, since we live in countries ruled by centralized governments through regulations which we are forced to follow in order to not be punished by local authorities. These regulators have the final word, and unfortunatelly there is nothing citizens can do, besides finding gaps on such regulations, which are getting less and less, as regulations advance, cornering crypto enthusiasts on every niches of the industry.

However, you can still gamble anonymously, if you play at casinos which don't enforce KYC process. There are few of them, but it's still possible, anyway. I don't know for how long they are going to be disponible yet, so enjoy this category of casino while you can! I believe in the future crypto developers will find alternative ways to avoid regulations over the industry, including the requirement of revealing identity, so in every cases there is still hope anonymity will remain a possibility for the enthusiasts of privacy.

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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?

It is one of the characteristics of this industry which many saw coming, with the development of more regulations and the crack down on money laundering.
At this stage of the industry, I sadly believe we have reached a point where it is very difficult for anyone of us to participate in a truly anonymous way in Bitcoin gambling without having to submit our personal documents to the casino and thrus to the authorities (in the case of big casinos and sport books).
However, because of the nature of Bitcoin as a digital and decentralized asset, there will be options of smaller casinos or gambling bots supported in applications like Telegram which would allow us to gamble anonymously, but with the disadvantages of a lack of volume and liquidity (compared the big KYC casinos).

It is possible to gamble anonymously, but I would only recommend to do so to those who have a very good reason to hide their gambling habits, it would not be worth it to expose oneself to the chance of being scammed if there is no a good reason for it. 😔🥲

mu_enrico

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It's impossible to achieve 'true anonymity' in anything, but I'm pretty sure this discussion isn't about that.

The problem lies in the fact that on-chain games or provably fair games on crypto (no-KYC) casinos can't compete with major gaming developers such as Pragmatic, Evolution, Play'n GO, etc. These developers excel at creating high-quality games. Meanwhile, on-chain games/provably fair games are often developed by indie developers who have limited resources and expertise in creating compelling games. Consequently, they struggle to compete solely based on ideology. When faced with a market comprising people who insist on anonymity and those who simply seek good games, casinos tend to prioritize the latter due to the significantly larger potential revenue.

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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.

Crypto casinos have become a huge industry that the regulators need to regulate to avoid being used as a money laundering channel for scammers and hackers, the Crypto casinos need to establish legality in running their business for fear of being taken down and their platform from being blocked from access of their players.
There are Crypto casinos that are contract-based where anonymity is fully preserved there are risks involved in this platform but if you're comfortably playing here and do not want KYC it is your choice to use this kind of platform

Quote

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

It's still different because the transactions are traceable and instant, and not everyone is being requested to do a KYC by some casinos, we are heading in the right direction, the Cryptocasino industry is growing because of the massive shift of fiat-based casino to accepting Cryptocurrency.

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Quote from: Plaguedeath on March 24, 2024, 08:44:12 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 "

Crypto was never been decentralized and anonymous, except Monero. Bitcoin itself isn't even anonymous, but pseudonymous.

I guess that's the right word, but with KYC, we don't enjoy that being pseudonymous anymore. Exchanges are regulated, the same with casino.

Quote from: ?? on ??

No doubt, anonymity remains a key feature of many crypto transactions, including gambling. However, regulatory pressures and increasing scrutiny have led some crypto casinos to implement Know Your Customer (KYC) procedures similar to traditional fiat casinos. This move towards compliance with regulatory standards is aimed at enhancing transparency, preventing fraud, and ensuring a safe gaming environment for all gamblers.

That's been the purpose of regulation, but during the early stage, we don't realize that because we can afford to lose anyway since we don't gamble a lot of money. I mean, we can risk our money for the sake of getting anonymous while enjoying a fast and cheap transactions, better than FIAT casinos.

As the crypto market grows bigger, regulations are also increasing so it has become inevitable anymore and we have no choice but to follow, or play with a decentralized casino that are not popular and safe.

Quote from: ?? on ??

This shouldn’t be surprising because society is dynamic and so there is always a need to adapt to changing market dynamics. The trajectory of crypto gambling suggests a gradual alignment with regulatory frameworks to meet industry standards and address concerns around legality and player protection. While the allure of anonymity initially drew many to crypto casinos, the shifting landscape indicates a move towards greater transparency and accountability.

Transparency, that's the thing, but it's good if our regulators or the government are not corrupt... We promote decentralization because it was safe from the prying eyes of the regulators but it just didn't work that way as in the end they still win the battle and they still are in control.

During the early stage, we were so optimistic that bitcoin will replace fiat, but we are just being delusional becasue despite the popularity of bitcoin, it is still not capable of replacing fiat which is created by the government that regulates crypto.

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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?

Maybe it has something to do with how we would define anonymity. For sure this concerns KYC procedures but if we would look at it, informations are still safe from public and this has been long answered, which is to avoid money laundering and to avoid players under legal age to play. I do get why many gamblers are worried because of the risk that their information might be used with unwanted activities. But to think of it in a more in depth point of view, we have complied in many instances with online payments which I think is the same. Also, from being in this industry for years, I never have experienced any of our worries. Maybe it still depends on the platform we are engaging ourselves with. If you worry that much, there are still decentralized platforms as option. Or simply engage to trusted or reputable platforms only to somehow lessen the risk; they won't have such title for nothing right?

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Quote from: Plaguedeath on March 24, 2024, 08:44:12 AM

Yes, if.... the casino is open source, have onion address and support Monero.

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 "

Crypto was never been decentralized and anonymous, except Monero. Bitcoin itself isn't even anonymous, but pseudonymous.

Quote from: Beparanf on March 24, 2024, 08:32:43 AM

Right now, The only danger of providing KYC is there’s no guarantee that casino can protect our credentials 100% against exploit. I have no problem providing KYC if there’s an assurance of safety on our data which casino nowadays is still not con that level that they can give us 100% protection from exploit because even themselves still getting exploited with tons of funds due to security breach.

You're hoping to big, right now... even the biggest centralized exchange i.e. Binance wasn't able to give assurance and security protection. If centralized exchange didn't get forced to protect user data and security protection, crypto casino wouldn't get forced too.

Can a casino platform ever be open source? Believe I have seen templates used and they just change the name of the site and they are off & running and business begins coming in.
Monero had something happen to it a couple of months ago. Something to do with the developers. It caused the value to drop suddenly for the altcoin.
So not too certain a developing casino would want to support a coin if it starts to show any sort of problems to do with it's development team.

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Yes, if.... the casino is open source, have onion address and support Monero.

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 "

Crypto was never been decentralized and anonymous, except Monero. Bitcoin itself isn't even anonymous, but pseudonymous.

Quote from: Beparanf on March 24, 2024, 08:32:43 AM

Right now, The only danger of providing KYC is there’s no guarantee that casino can protect our credentials 100% against exploit. I have no problem providing KYC if there’s an assurance of safety on our data which casino nowadays is still not con that level that they can give us 100% protection from exploit because even themselves still getting exploited with tons of funds due to security breach.

You're hoping to big, right now... even the biggest centralized exchange i.e. Binance wasn't able to give assurance and security protection. If centralized exchange didn't get forced to protect user data and security protection, crypto casino wouldn't get forced too.

Beparanf

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Quote from: Sanitough on March 24, 2024, 07:11:18 AM

Quote from: Beparanf on March 24, 2024, 06:54:14 AM

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

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We have to accept the reality, our expectation is not happening anymore as crypto is regulated, therefore casinos that are using crypto should also be regulated. The only difference or advantage of a crypto casino is it has a lot of options, before it was only bitcoin but now they have added altcoins which makes it easy for us to choose among the many altcoins and we can save on the fees.

Just stop thinking that we can still achieve anonymous gambling as it will not happen, unless there's a popular decentralized casino that will boom in the future, but as of this writing, I haven't found one yet.

I accepted this fate long time ago because I view this as innovation instead of hindrance because I can play on a casino in long term without the fear of them running away with my money which happened frequently in the past way back when casino offers only house games and doesn’t have license.

Right now, The only danger of providing KYC is there’s no guarantee that casino can protect our credentials 100% against exploit. I have no problem providing KYC if there’s an assurance of safety on our data which casino nowadays is still not con that level that they can give us 100% protection from exploit because even themselves still getting exploited with tons of funds due to security breach.

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As crypto casinos mature, they're starting to resemble fiat casinos more closely. While anonymity was once a big draw, there's now a push for legitimacy and regulation. Still crypto casinos have perks like faster transactions and lower fees plus they offer gambling access to people in places with strict rules or banking limitations. It's a balancing act between regulation and innovation and both crypto and fiat casinos are evolving to meet changing demands and preferences

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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?

It is becoming difficult to see casinos that promote anonymity because most of them have to comply with the provisions of the license they are operating on. Jurisdiction laws are also forcing these casinos to ditch privacy because these nations make KYC mandatory. These stringent policies are due to the belief that casinos are being used for money laundering and other illegal activities. Gamblers are now more comfortable with casinos with licenses because they believe they will operate truly and fairly. But we fail to understand that this license is a two-edged sword because it will definitely require KYC from gamblers in some cases.

With these strict KYC procedures in crypto casinos, the only difference between a crypto-based casino and fiat casinos is just the currency that is used. As much as gamblers keep emphasizing crypto casino licences, there will continue to be an increase in KYC requirements.

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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?

With most casino online enforcing the AML regulation there's no anonymity again with crypto gambling website. It is no different from fiat casino. The only difference is the payment option and which is an advantage against Fiat. In the future is the structure of payment is improved or if there is an innovative solution around fiat payment that allows for it to be received faster and at anytime no matter the day of the week, then it will.be able to catch up crypto casinos otherwise the distinction between the two will remain.

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Quote from: Beparanf on March 24, 2024, 06:54:14 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?

Anonymous gambling can only be achieved on using real decentralized casino that offers only on-chain games because most of the casino that offers 3rd party games already have licensed to operate and asked KYC.

I believe the future of crypto casino is becoming less anonymous since crypto itself is already regulated through the government. It can be considered as positive already for me because casino doesn’t easily exit scam nowadays due to their license unlike before during the early days of crypto casino that many scam casino that run immediately right after someone hit a huge win.

We have to accept the reality, our expectation is not happening anymore as crypto is regulated, therefore casinos that are using crypto should also be regulated. The only difference or advantage of a crypto casino is it has a lot of options, before it was only bitcoin but now they have added altcoins which makes it easy for us to choose among the many altcoins and we can save on the fees.

Just stop thinking that we can still achieve anonymous gambling as it will not happen, unless there's a popular decentralized casino that will boom in the future, but as of this writing, I haven't found one yet.

Beparanf

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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?

Anonymous gambling can only be achieved on using real decentralized casino that offers only on-chain games because most of the casino that offers 3rd party games already have licensed to operate and asked KYC.

I believe the future of crypto casino is becoming less anonymous since crypto itself is already regulated through the government. It can be considered as positive already for me because casino doesn’t easily exit scam nowadays due to their license unlike before during the early days of crypto casino that many scam casino that run immediately right after someone hit a huge win.

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Some people do not like fiat casino because of slow withdrawal time. It is fast on local casinos but slow on foreign casinos. Just like bet365, it takes almost or more than 2 weeks for their wire transfer and my country have only that option in it to withdraw. Because of this, I prefer the crypto casinos which process my transaction in just few minutes.

Some crypto casinos do not require KYC for low transactions and also there are web3 casinos that requires no KYC but I have not bet on web3 casinos before.

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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?

Topic: Can we still truly achieve anonymous gambling in crypto? - page 7. (Read 927 times)