I miss the old OnChain gambling - page 5.

aioc

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Quote from: sunsilk on May 10, 2022, 05:15:15 PM

The contribution that has been made by the old casinos not just to the market but also to the current situation of online gambling were huge. But change is constant.

Everything is evolving they have done their part and their purpose, and we are now in a better position, what we are right now we owe a lot of the changes and the flaw of the old model, the scams can easily be traced and cheaters are caught and that could have not been possible without the changes the new and existing casinos have implemented.
We need to also recognize their contribution, we cannot move on to the present without the flaw in the old model.

Lanatsa

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Quote from: 24Kt on May 10, 2022, 04:31:24 PM

Quote from: Lanatsa on May 10, 2022, 04:24:21 PM

Quote from: Cling18 on May 10, 2022, 10:07:52 AM

I also tried the same feature in old casinos before and it was fun but the problem is, we couldn't play the same way before. These days, we need assurance and security and in exchange for that, we're required to pass KYC. We could still enjoy different games nowadays securely and we could also get rid of scammers with the help of security features of the latest casino sites.

Whatever platform we are tending to make use then trust would really be the main talk thats why its not really bad to put up your time on making at least some research before making further step.

Did remember out those onchain betting which is really having that different experience compared to casual deposit on a particular casino before you could really make out bets.

Dont know on why casinos nowadays havent really able to adopt it but to presume it would be mostly talking or in issue with fees for some point.

Also, if they do want to get a gambling license, they need to have in their ToS that they will be getting some information from their players to abide the AML laws. So if they will have onchain, how can they require these docs from their players? This is why we can see that most of these gambling sites with gaming license has in their ToS about KYC requirements. For onchain, definitely they won't require KYC. However, people are trusting gambling sites with license these days.

And we know that gambling community does really mind off or always seek off about being a licensed company which it do really adds up credibility and trust on a certain company thats why they would rather prefer

on having that traditional way where everything is centralized since they do know that its one of the requirements rather than on on-chain but for those people who do really mind off about

their anonymity or identity then they would really be preferring on touching up these platforms but sadly we cant see something like this on present times.

Accardo

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Leading Crypto Sports Betting & Casino Platform

The past must be said to be better than the present, when care is not taken the future will be worse than now. I could imagine the fun people had while staking bets through onchain, the stress free platforms, no Kyc, zero confirmation, safe from uploading important documents online. I guess alot of people were not interested in bitcoin in 2014 compared to today's crypto world where scam, fake projects and deceits surfaced the market like hungry men craving for quick wealth. The government is hitting the drum of regulating bitcoin so hard that everyone can hear the sound. This is what cryptocurrency related scam has caused!

sunsilk

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I think I remember lucky bit.

There's no way to get back on it as most casinos are requiring now to pass onto their kyc verification as they're also being required by their locality.

The contribution that has been made by the old casinos not just to the market but also to the current situation of online gambling were huge. But change is constant.

24Kt

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Quote from: Lanatsa on May 10, 2022, 04:24:21 PM

Quote from: Cling18 on May 10, 2022, 10:07:52 AM

I also tried the same feature in old casinos before and it was fun but the problem is, we couldn't play the same way before. These days, we need assurance and security and in exchange for that, we're required to pass KYC. We could still enjoy different games nowadays securely and we could also get rid of scammers with the help of security features of the latest casino sites.

Whatever platform we are tending to make use then trust would really be the main talk thats why its not really bad to put up your time on making at least some research before making further step.

Did remember out those onchain betting which is really having that different experience compared to casual deposit on a particular casino before you could really make out bets.

Dont know on why casinos nowadays havent really able to adopt it but to presume it would be mostly talking or in issue with fees for some point.

Also, if they do want to get a gambling license, they need to have in their ToS that they will be getting some information from their players to abide the AML laws. So if they will have onchain, how can they require these docs from their players? This is why we can see that most of these gambling sites with gaming license has in their ToS about KYC requirements. For onchain, definitely they won't require KYC. However, people are trusting gambling sites with license these days.

Lanatsa

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Quote from: Cling18 on May 10, 2022, 10:07:52 AM

I also tried the same feature in old casinos before and it was fun but the problem is, we couldn't play the same way before. These days, we need assurance and security and in exchange for that, we're required to pass KYC. We could still enjoy different games nowadays securely and we could also get rid of scammers with the help of security features of the latest casino sites.

Whatever platform we are tending to make use then trust would really be the main talk thats why its not really bad to put up your time on making at least some research before making further step.

Did remember out those onchain betting which is really having that different experience compared to casual deposit on a particular casino before you could really make out bets.

Dont know on why casinos nowadays havent really able to adopt it but to presume it would be mostly talking or in issue with fees for some point.

MinMan

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Quote from: AicecreaME on May 10, 2022, 07:04:48 AM

Quote from: roslinpl on May 08, 2022, 03:51:03 PM

At the old times,their was only few casino and now was used by the few people.The price of bitcoin was around 500$ and will be distributed among all the winner.The kyc procedures was easy for before.Now the procedure of kyc hard.And they taking huge time for the verification of our kyc.So it’s hard to hold our Privacy.

Back then, crypto gambling has few competitors yet and at the same time, there are also few players. The gambling industry isn't much crowded and aren't abused by people, hence the KYC before is much easier compared today. Right now, there are many casinos and players already and these casinos and gambling websites are now abiding to the laws in which state they belong to. Regulation of gambling is now a thing because of increase rate of addiction and other repercussions as well as the tax revenue being generated in it.

If you don't really want to undergo KYC, there are still casinos and gambling website that don't really ask and mandate it. However, there's only a few left because most of them really ask for it for verification purposes the moment you will make a transaction such as withdrawal.

Actually there are no kyc's before, the one where you submit your own i.d and take a selfie. Dunno what is the kind of kyc you guys are talking about. Was it when you submit your email address? Or phone number? But that was easy to supply and easy to fake out. All sites before have a simple sign up form and some don't require a sign up at all like the one the op talks about.

It's interesting that casinos before only have a 1 btc pot and those who will win will divide it to their sign up addresses. It's automatic and no need to withdraw it manually. Pretty cool. Now almost all casinos will let you bet and win over 1 btc. We can see that they are serious now.

Cling18

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I also tried the same feature in old casinos before and it was fun but the problem is, we couldn't play the same way before. These days, we need assurance and security and in exchange for that, we're required to pass KYC. We could still enjoy different games nowadays securely and we could also get rid of scammers with the help of security features of the latest casino sites.

Little_Sister

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Quote from: Kakmakr on May 10, 2022, 09:00:09 AM

If I remember correctly.... those on-chain casinos got a lot of flack from the community back then... because people were saying that these on-chain games generated too much unnecessary transactions on the Blockchain. The Blockchain was very congested back then and sites like this, just made it worst. Roll Eyes

Every bet placed has to be based on blockchain transaction speed so that in case of transaction congestion it will hinder the casino play, so only because of the KYC factor that maybe not all gamblers will accept the requirements of the online gambling platform. So there is no other choice to complete KYC and maybe some will use other people's identities because of the anonymous factor.

Kakmakr

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If I remember correctly.... those on-chain casinos got a lot of flack from the community back then... because people were saying that these on-chain games generated too much unnecessary transactions on the Blockchain. The Blockchain was very congested back then and sites like this, just made it worst. Roll Eyes

When you spam micro transactions on-chain, it leads to congestion and higher fees...and that is why it was not working. I on the other hand, think that services like this must be there to reward the miners for their mining when the Block reward falls away. (Just find a way to batch groups of transactions together to cause less congestion) Wink

traderethereum

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Quote from: Zackgeno96 on May 10, 2022, 03:43:24 AM

I think that was the old times, I like the way that we can play anonymous but right now I still prefer the web 3.0 as they can easily accessed in the gambling site. Although I like the OnChain games that is really fair rather than the casino sites that we are not sure if is fair or not and yes we still trust me.

With web 3.0, I think it will make it easier for gamblers to directly use branded wallets that are linked to the casino so they can start playing right away.
But all of them have their positives and negatives and I think gamblers will be able to choose which one they think is more suitable for them.
Web 3.0 itself can be an option for gamblers who don't want to be bothered by registering on gambling sites and avoiding KYC which is often something that many gamblers don't want.

AicecreaME

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Quote from: roslinpl on May 08, 2022, 03:51:03 PM

At the old times,their was only few casino and now was used by the few people.The price of bitcoin was around 500$ and will be distributed among all the winner.The kyc procedures was easy for before.Now the procedure of kyc hard.And they taking huge time for the verification of our kyc.So it’s hard to hold our Privacy.

Back then, crypto gambling has few competitors yet and at the same time, there are also few players. The gambling industry isn't much crowded and aren't abused by people, hence the KYC before is much easier compared today. Right now, there are many casinos and players already and these casinos and gambling websites are now abiding to the laws in which state they belong to. Regulation of gambling is now a thing because of increase rate of addiction and other repercussions as well as the tax revenue being generated in it.

If you don't really want to undergo KYC, there are still casinos and gambling website that don't really ask and mandate it. However, there's only a few left because most of them really ask for it for verification purposes the moment you will make a transaction such as withdrawal.

joeperry

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Quote from: hZti on May 09, 2022, 06:59:57 PM

Anonymous gambling sites will get into legal trouble sooner or later. It is in general more beneficial for the customer than the operator to have the site run anonymous so that’s why there are less and less sites like this. Especially because the potential penalties for money laundering etc. are high.

This is actually true and gambling owners I think won't able to reach their niche so they are only limited to cryptocurrency gambling users and they have limited types of games unlike having a full gambling site with inhouse games, casinos and sports betting they managed to cover most of the likes of the gamblers and they have flexible payment system from fiat to cryptocurrency. So what I'm saying it is profitable to have full casino than the OnChain gambling sites.

Zackgeno96

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I think that was the old times, I like the way that we can play anonymous but right now I still prefer the web 3.0 as they can easily accessed in the gambling site. Although I like the OnChain games that is really fair rather than the casino sites that we are not sure if is fair or not and yes we still trust me.

jrrsparkles

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Gambling sites are one if the place where most cryptocurrencies are transacted so imagine what will happen if all of them are on chain transactions, the fee will be higher than bet amount and we actually can't have the faster betting experience, even though I respect the privacy factor still it is not possible for now because government recognized the potential of cryptocurrency gambling so they implemented lot of regulations and restrictions.

perla

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I think there are still some games that is like that but not sure which one is active, right now the gambling sites offers casinos from third party and sports betting to reach most of the gamblers here and those games requires license and if the gambling site has license then expect that there will be a KYC. Some gambling sites that doesn't ask for KYC or unregulated casinos most likely ended up scamming its players.

ralle14

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Those times were one of the best even though Directbet's odds are somewhat juiced it still provided a lot of conveniences as you can easily make a bet on the go.

A year or two ago there was a sportsbook that tried a similar approach like Directbet they're called Dbet.io but unfortunately, they didn't gain many players and eventually closed down.

I'd still think it's possible to bring back the old style of gambling but there might be a limitation as one of the services i'm using recently allows you to instantly process your transaction if you follow their rules like disabling RBF and putting a minimum fee (5+sat/b for example).

nakamura12

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Bitcoin Casino Est. 2013

It is definitely true that most casinos right now ask KYC to their gamblers even if you didn't do any suspicious things and it's also in their rules and regulations or terms and conditions that they have the right to hold your funds. What I think about the casinos right now is that I hate it when I wanted to gamble to a casino but to withdraw the funds then I must complete KYC first before it gets processed and the minimum withdrawal amount and transaction fee is not friendly for small time gamblers like me. I do understand why they must ask for KYC which is to prevent money laundering but I think there is a possibility that there's still people who might be able launder money or manage to do money laundering even though they have to go through KYC.

South Park

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Quote from: TimeTeller on May 08, 2022, 02:47:21 PM

I have encountered that type of casino but I believe, that kind of gambling will not be a hit anymore in today's situation.
For one, because there are so many scammers, we don't know if the operator will be honest with their operations.
Also, if you are not creating your account, it is hard to prove that you are the owner if you happen not to screenshot your games or save your address/keys.
With centralized gambling sites, you have the chance to recover your account if you forgot your password as you can contact their support.
People nowadays prefer centralized as they have more confident that if something goes wrong, they can always contact the site or other people to help them out of the situation.

What happens is that things have changed, on the early days of this market when the majority of those that were buying bitcoin believed in the technology and the ideology behind it, it made sense that casinos did their best to give to gamblers what they wanted, also governments still had not taken such a hard stance against the privacy of gamblers and traders, but since then the circunstnaces have changed and most of the people invested in bitcoin today do not really care too much about keeping their privacy and instead prefer to get bigger bonuses even if that means going through KYC policies.

hZti

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Anonymous gambling sites will get into legal trouble sooner or later. It is in general more beneficial for the customer than the operator to have the site run anonymous so that’s why there are less and less sites like this. Especially because the potential penalties for money laundering etc. are high.

Topic: I miss the old OnChain gambling - page 5. (Read 882 times)