Topic: Duelbits.com | Casino & Sportsbook | VIP | Instant withdrawals! - page 225. (Read 109944 times)

All require the process of implementing KYC regulations like in previous exchange platforms, everyone refuses to provide personal data but when the top exchange raises the status of the obligation to verify KYC to access deposits and withdrawals, the other alternative is to just trade on other lower volume exchanges. So gambling platforms must ensure that KYC is harmless and will not be misused for negative purposes, ensure that user data can be encrypted and stored in external data (not online) to increase the security system from hackers.

KYC is implemented much broader in today's settings. This is because these entities (crypto casinos) do wants to get licensed,  hence it will be regulated by a governing body, another domino effect is the KYC implementation. I must say that now I have more trust on casinos that has legitimate license than those that do not own any. You can't chase and lawsuit those casinos which you do not even know if ever you will be in the scenario in which you haven't paid, fooled, cheated, etc.

but still this is a dangerous way to think (I'll give up privacy because I have nothing to hide)
because of many things:
everyone has something to hide (even if just their private keys)
you may have nothing to hide now but have something to hide in the future
it's hard to conquer privacy again if we give up on it completely

Maybe we are not there yet, but I think in the future , trying to avoid gambling platforms with KYC can be dangerous. Scammers will be trying to exploit this, almost irrational, fear of losing privacy, offering platforms with no KYC.


I'm not trying to say that there's no risk, but normally your KYC data is encrypted, as far as I know.

I highly agree that it is for money why people are posting about cryptocurrency on social media.  If there is no chance to make money on these coins then there is no purpose in posting them.  Even developers create projects for monetary gain.  If you have not noticed, there are lots of cryptocurrency project that has no initial budget had been launched asking for crowdfunding.  

Anyway, what is the connection of this discussion to Duelbits?

The second and third percentage is high on social platforms like Twitter because they want to make themselves popular over these platforms and scammers are trying to attract more victims towards them and gain their confidence by making them deposit money into fake coins and their own addresses so be aware about them.Gaining knowledge through social media is hard these days because most of them post wrong analysis according to their own profits.

Though you're correct, but there are some of my friends really posted about crypto on their social media just to make people jealous and they're not get anything beside got asked how to become like them. Is there none of your friends doing this?

The signs of number 1 is they're posted his referrals, the number 2 they're promise to pay good return and it's usually come from brand new account, the number 3 they're record on Youtube where they will get money through adsense.

In my opinion there are 3 kinds of people posting about crypto on social media.

1. The people who wants to earn something by getting referrals on platforms they are on
2. Scammers who want to lure newbies into some kind of get rich quick scheme and scam them
3. Influencers providing analysis because they have bought those coins and want it to spike and profit out of it

Other than this there won't be anybody posting about crypto on social media if they are true crypto users.

I mean just the images that we post to instagram would be cool enough for any governmental agency. Just manage to do something like government tracking of people and appointing which instagram is owned by which citizen and you got yourself such a big data that you would be going crazy.

I am not saying that it will be like that forever but it is definitely not something that I would be unwilling to wager they are not already doing. At the end of the day, just focus on the fact that KYC is a big deal of course but only if you are hiding something, if you have nothing to hide then there is no reason why not share everything you could be sharing about yourself with the proper places (not with scammers of course).

I agree freedom of speech is not absolute, there's the paradox of tolerance too which is quite interesting
though I think it's different with freedom to transact and privacy

normalizing the idea that we should give away our data can develop to a dystopian society where all your financial movement is under surveillance

not the nicest future and definitely not the one I wish for my children.

@Betwrong says no one is gonna have access to your data but the many breaches that happen every week shows us that this is not true
KYC also ends up incentivizing a parallel market where people will buy docs or pay someone to do KYC for them...

For those who are willing to share their activities, they might not be concerned with their privacy

but for those who are still discreet from how they treat these activities, they are still concerned with their private life, but based on
your example, people who are sharing their daily gambling activities from social medias are people who are trying to engage
with their circle of friends informing them that they are enjoying playing or if there's a particular site they are using, they
are also attracting them to play using the same services.

KYC has been major concern in the crypto space because people want to be anonymous so they were playing in this crypto world but then under the AML policies and all that stuff KYC was implemented so if we continue to gamble then we have to comply with the rules of that casino but this is threat to our privacy if some data breach happen our information is at risk and who knows when they see the documents.

But I see a lot on social media, especially Facebook, that provides information about crypto, there are even some of them that provide analysis about crypto.
When they use social media, they are trying to attract people in their circle of friends to join so that they often share their activities using crypto.
Maybe those who often play crypto gambling do not too often share their moments when playing gambling because it will depend on how their government regulates it.
But I think now, privacy has no meaning anymore because with so many people sharing their moments enjoying their time, it means that what they share has become public consumption.

The only difference on people in social was they don’t care about privacy while people on crypto are those user that very private and doesn’t post personal details there. We can assume that the majority of crypto user preferred to become private that’s why they choose to use crypto instead of the normal fiat online casino. I agree that there’s no 100% privacy because of the regulators always want know all the customers on all business. Time will come that crypto currency and casino will not gonna enjoy same privacy like we are experiencing right now.

Yes, this is one of the things that is so difficult to fight for, some try to deal with everything that can bother governments, whether in physical casinos or online casinos, I don't know where they bother more, in the case of the physical casinos in the country I live in have an open business with the government so that they can operate without any commitment, in the case of online casinos, it is negotiated through licenses, and for me the whole problem with KYC or sometimes when withdrawals are made they can request a KYC, this can also be one of the protocols that they require so that everything is within the legal framework.

Well, there is an absolute reality that is as you say, it is known that as time goes by they will try to take away people's privacy, I don't know, I have seen this since 2017 with many projects that came out that were about privacy where always who reigned was and still is Monero, that is why the casino that implements Monero will give them many clients, because there is something that was talked about and it was about the adoption and the adoption of Bitcoin and even cryptocurrencies is not the problem, and that it will be given without effort, now what will be most sought is to be more anonymous, and only those who provide this service are the ones who will have the leadership without a doubt.

exactly
and we see all kinds of absurd things nowadays
including sensitive information being kept in a non-cryptographic way

it's a deep rabbit whole to dig

do you have any hope these issues in security of information will be solved one day?

I tend to agree since more and more we're already losing privacy due to governments, anyone even posted his address and where's his live in social media lol. I mean, they're self exposing their privacy and I think it's already become a normal habit due to flex life style. I don't think there's so much difference between centralized exchanges and casinos, after all it's had relation with crypto. If anyone really had 100% privacy concern, why they're playing on centralized casino?

Freedom of speech is not absolute. Google it. So, to keep order in our society, we have to give up our freedom to say some things. Same here with KYC on gambling sites. In order to stop money laundering, financing of terrorism and some other bad stuff we agree to give up some of our privacy. Just a little bit of it, actually. Because no one is gonna see your KYC data unless there is a police warrant.

Have been checking them from it many weeks but it seems we are not lucky to be in random class also but I think it's fine as at one point we might also get the chance or even not then playing with our money as regular gambler is always an option for us.So hope we also get it one Friday.

That's an interesting promotion in fact! Can be worthy to place some bets on Aston Villa during the season (even against the bigger teams). An airdrop for every win Aston Villa would have; would also be greatly appreciated lol.