Topic: Decentralized vs Centralized Gambling....Which do you prefer? - page 2. (Read 1424 times)

You can search on this forum as I thinks decentralized casino platforms available here. You can check Betfury, Bitcasino, and else doesn't needs you to register on that platforms instead you can connect your wallet to their sites. Actually, there are no needs to worry when you connect your wallets to your site because you have an options to create a new wallet and send the amount to that new wallet. Then, you can connect your wallet to the site without worry because all of your assets is not in the new wallet.

As long as the decentralized platforms can gives satisfying and convenient to their customers, they will gets many people comes to their site. Those people will used the casino to playing gambling and the best is they doesn't have to fills any requirements such KYC to the site. But that will depends on the rules on the site because the government still watching the decentralized platforms like what they did to the centralized platforms.

Centralized, because decentralized (and I mean truly decentralized) means that there is no central power that can fix things when they go wrong, so if you face a trouble then you are all on your own and there would not be anyone that can help you with that. I personally suggest not having anything like that, it would not benefit you or anyone else.

Just go with centralized and that means if you ever face with anything, or any problems with the casino or basically any issues in general, then you just contact their support, if they do help you and fix it then it is a good casino and if they don't then it is a bad casino. Of course there are bad centralized ones, you just gotta pick the good ones and go with them eventually.

We've seen in the past but we dont know if they are still up or currently running because we do know that when it comes to demand then nothing beats out those centralized platforms.
For me its a bit hassle that you would really be having that kind of logging in with your own wallet when it comes to decentralized casinos and this is something that will really be that just not giving that good experience unlike with those current centralized platforms on which it is really that something that gives out that convenience and this is something that would really be that most gamblers are really that
preferring or liking into.  This is why it would really be better that you should be sticking on where your interest that sticking into.

We the community does really like on having that decentralization but there are really things which does have that exemptions when it comes to various things.
We cant really be that able to ignore on how these centralized platforms does give out or offers because if you arent liking that too much control or monitoring
then you could always opt out and choosing the other options.

I don't see any decentralized casino platforms around, people barely use them because there aren't any reputable ones or ones that have been operating for quite some time and people are confident in using them. Since a decentralized platform would require a user to connect their wallet on the website to gamble, and this becomes a concern for gamblers because you can't connect your wallet to a platform that you don't trust.

So, this is probably a challenge for web3 or decentralized casino platforms to earn the trust of the community that their wallets won't be compromised if they connect them with their website and that their funds will be safe, and then maybe they can get some gamblers.

Decentralized casinos will never ever become big because the loophole you mentioned above where illegal countries are allowed to gamble, this will make the government to force the casinos to follow regulations.

Since decentralized casinos can't survive to long, it's really questionable will the decentralized casinos pays the reward if someone win huge amount of money? as they can just run away and create another one using different names.

If you look at it in terms of the game system, I think it's the same as winning only for the casino, not for the players. The games provided at the casino have been modified in such a way that the winning ratio is in favor of the casino.

However, if you look at freedom, decentralization will be a big breakthrough where everyone can find out about the casino and join there without any curtains that limit the players from gambling. In fact, as you said, all players who even prohibit gambling can easily use this gambling service.

In that sense, one will give you fees according to the blockchain and the other will take privacy and probably high fees. However, the centralized one can offer many more possibilities beyond games, such as investment, etc. So, it really depends on what each player wants to have for themselves.

The rise of decentralized gambling through dApps is indeed a game changer. High gas fees have been a bit of a downer, but like you mentioned, L2 solutions and other chains are starting to smooth out those issues, which is fantastic news.

As for dApps replacing centralized platforms, I think we’re on our way to seeing more balance between the two. Decentralized platforms offer unmatched transparency and fairness, which is super appealing. However, centralized platforms still have their strengths, especially in customer service and user experience.

I personally lean towards decentralized gambling. Yet, I believe there’s room for both to coexist, catering to different preferences within the gambling community.

The downside of decentralized gambling is the fees, and the wait time for a blockchain confirmation for every bet one places, imagine playing a slot game and you have to wait for your spin transaction to be confirmed on the blockchain before you make another spin, and each you spin, you pay a fee for transaction confirmation on the blockchain network, this is not only time consuming, but also, you may likely end up spending a lot of money on blockchain fees alone over time, most especially, if there is no win for a long time, so as to recoup the money spent on blockchain fees and bets as well.
This is the only downside I could think of when it comes to decentralized casinos and gambling.

Now, moving over to centralized casino, there are actually alot of downsides, but amongst all, I think the most that stand out is kyc, alot of gamblers hate being made to pass kyc verification, but still many do not have a choice but to comply, most especially when their funds is already at stake, this i believe is one for the reasons why some gamblers will prefer to gamble on decentralized casinos where kyc is non existence, and funds immediately are are deposited to their wallet any time there is a win.

Overall, I will prefer decentralized casino over their centralized counterpart, but unfortunately for now, decentralized casinos are still developing, and currently lack a lot of features that usually ensures gamblers have a good gaming experience, in the future when decentralized casinos must have developed well enough, I think many will like and prefer them over centralized casinos, but this is not to say that centralized casinos will stop existing; No no, centralized casino will still be big, but decentralized casinos will be big as well, they both will co-exist, the same way decentralized and centralized exchanges are currently co-exising.

Of course. It's always about having fun. Every gambler knows it's almost impossible to turn a profit at a casino. Why do you think "the house always wins"? With decentralized casinos, gamblers can experience a fairer system that isn't meant to enrich the creator/founder himself. I'm yet to see whenever it'll be possible to invest in a decentralized casino's bankroll like it's possible with centralized counterparts. It'll be subject to the rules encoded on the smart contract itself.

While the main benefits of decentralization are privacy/freedom, and censorship-resistance, I believe gamblers will do just fine with centralized casinos. Again, decentralized casinos does wonders in countries where gambling is illegal. The industry evolves at a fast pace, so I'd expect decentralized casinos to match their centralized counterparts soon.

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

Based on the parameters you gave, you will be able to play in both casinos, decentralized or centralized. However, the lowest fees tend to be for centralized ones, depending on the blockchain you use, decentralized ones can even give you a headache.

For me, gambling is more about having fun than making money. I don't really care if it's decentralized or centralized, as long as the deposit and withdrawal transaction fees are low then I'm fine. The main point is transaction fees rather than privacy, but users who tend to want to protect their privacy then decentralized casinos are for them.

Of course this is still only about me, so I'm not talking about other people or users. Any casino as long as it is trusted and has many deposit alternatives with low transaction fees, then it is worth trying.

This event demonstrates that even hardware wallets, which are thought to be the most secure means to hold cryptocurrency assets, may be subject to assault. However, the problem did not affect Ledger's hot wallets, such as Ledger Live. This demonstrates that utilizing a hardware wallet is still a decent security solution, but users should be aware of the dangers and take extra measures such as storing their seed phrase and using a strong password, especially if they follow instructions. Even with all of these safeguards in place, there is always the risk of human mistake, as in the ledger incident, in which a single hacked GitHub account resulted in a large leak.

It's obvious gamblers prefer cenetralized casinos on top of decentralized ones. Centralized casinos offer better user experience, larger bankroll, lower fees, and greater accessibility. Gamblers have no problem using them, despite the fact that they're regulatory-compliant (KYC, AML). Decentralized counterparts will remain a "niche" to the privacy-oriented or tech enthusiast. While L2 networks show promising results (low fees, faster settlement times), not everyone knows how to use them (added learning curve).

At least, gamblers aren't tied to a single option. In countries were online gambling is "illegal", decentralized casinos does wonders. This is just getting started. We can't predict the future, so lets hope for the best.

I believe that the problem with not having a famous decentralized casino is not because it is decentralized but because they have not implemented the business model correctly.  And this does not involve it being decentralized or not.

It's not a secret anymore that most of the gamblers prefer to get into centralized casinos.

I think since 2017 I've seen a lot of projects that have promoted with their goal to become a popular decentralized casino but it didn't work.

That's already enough to conclude that the majority of the gamblers here and outside prefer to get into those centralized casinos.

Absolutely, your emphasis on personal preference is spot on. It's about what matters most to us. The practical advantages of centralized platforms in terms of accessibility and smooth gameplay or security and transparency. Your perspective highlights the importance of making a choice that aligns with our values.

Clearly, user experience and ease of access currently favor centralized solutions.

But again, it all about underscores the subjective nature of preference between decentralized and centralized gambling, encouraging users to weigh both the pros and cons based on their own priorities and values.

Both could co-exist but there would really be significant difference when it comes to demand and recognition. Yes, we are really that liking on having that decentralized thing but we do know that
on this one it would really be better into those centralized ones in comparing about their main differences when it comes to accessibility and smooth gameplay on which we know that those centralized ones are
far more better. If you are someone whose really that giving or putting up importance about decentralization then you could really always have that option to stick with those current existing.
In overall it would really be just that depending into your own preference since not all would really be that having that kind of approach in between dex and cex platforms.
 It would really be just that on how you would really be forseen about their advantage and disadvantages.

It’s a great reminder of how technology is shaping user preferences and the importance of considering both security and user experience. Looking forward to seeing how these platforms evolve and which will ultimately resonate more with the community.

Decentralized gambling has its perks, notably transparency and fairness thanks to smart contracts. While decentralized apps offer a promising alternative to traditional centralized platforms, it's likely that both will coexist for some time due to differing user needs and preferences.
Personally, the appeal of decentralized platforms is strong for their innovation and security features.