Topic: I miss the old OnChain gambling - page 7. (Read 885 times)
So what is the main idea of this discussion, is it about regulation/KYC related thing or about comparison between on chain and off chain gambling. As a gambler, I would prefer off chain games/casinos. Simply because it is easier to access and play, I do not need to make transaction for every bet. Off chain gambling gives me more different games to play at single time and single place. Onchain gambling was great but it was very limited, mostly people can play 1 single game only in a gambling site. When it comes to regulation or something related to KYC, yes OnChain based gambling is better than Offchain.
crypto is getting more and more famous so it is the aim of the regulators to make everything regulated so that crypto casinos experience it.
Honestly never played in such a casino, is this the same as decentralized casino?
It seems that you will no longer be able to find where players can play freely without worrying that they will be required to KYC in the future.
Honestly never played in such a casino, is this the same as decentralized casino?
It seems that you will no longer be able to find where players can play freely without worrying that they will be required to KYC in the future.
However Freebitco even though need to create an account, but they're wouldn't ask any KYC even you have doing something suspicious (you'll get terminated instead).
it's true they never ask for KYC but unfortunately the types of games are very few, they have a sister site but have never played is the rules the same that they will never ask for KYC 
Agree. Regulation is taking part of this transition.
There are still many of these casinos today but you will need to connect your wallet to the platform. Its not using BTC anymore but the altcoins with smart contract functions like ETH and etc. Only few of us are using them also because the transaction few is just too much. I hope someone will really create that kind of casino again using LN so for it to be cheaper.
Online gambling casinos were not really that much of an issue back then, when crypto was still fresh and new. You could easily use Bitcoin without having to worry about this regulation or that regulation.
Nowadays without decentralization of gambling via smart contracts I do not see much of a future for online crypto gambling, as regulations just keep getting tighter and tighter...
The best option is just to keep upgrading until we reach the point of balance again. I still believe in Bitcoin and I am sure it will overcome this annoying government-placed obstruction of freedom.
Agree. Regulation is taking part of this transition.
There are still many of these casinos today but you will need to connect your wallet to the platform. Its not using BTC anymore but the altcoins with smart contract functions like ETH and etc. Only few of us are using them also because the transaction few is just too much. I hope someone will really create that kind of casino again using LN so for it to be cheaper.
I remember satoshimines,where you didn't have to create an account,in order to bet.
Anyway,I don't think that these crypto gambling games were better than the current crypto casinos.
Registering an account isn't such a big deal.KYC is the big problem for many gamblers,but we have to abide by the rules.Nowadays,I would rather gamble on a legit regulated online casino,that has KYC verification,rather than having trust in a non-regulated gambling website,where you could just send your coins and lose them forever.I'm sure that such onchain gambling websites still exist,but who is gambling there?The amount of gamblers isn't very big,I guess.
Anyway,I don't think that these crypto gambling games were better than the current crypto casinos.
Registering an account isn't such a big deal.KYC is the big problem for many gamblers,but we have to abide by the rules.Nowadays,I would rather gamble on a legit regulated online casino,that has KYC verification,rather than having trust in a non-regulated gambling website,where you could just send your coins and lose them forever.I'm sure that such onchain gambling websites still exist,but who is gambling there?The amount of gamblers isn't very big,I guess.
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Congratulations! You've discovered that regulations are bad for business. There are still casinos without KYC but it seems to me that we are on an unstoppable trend to fully regulated crypto gambling with KYC. This also means more taxes to be paid by the houses and a lower return to the player or a higher HE, however you want to look at it.
It is not all bad, because it is assumed that with greater regulation there is greater security against scams and greater player protection, with mandatory gambling resposible features, for example, but the past that you long for is not coming back.
Might be because the current system offered this way is much more comfortable in terms of experience given to the user. Yes, it's at the cost of KYC rules BUT you can't deny that with the order that those casinos give out, most of the experience users felt has been a lot more comfortable/better for the most part (emphasis on most). I reckon it wouldn't be that bad for a group/company to develop those types of casinos again, but I don't think it can be kept afloat since I don't think a lot of users would actually use it since the majority of the people would rather enjoy a comfortable (and a bit more secure than others) type of experience.
AFAIK there's an onchain Bitcoin casino on the previous year if I'm not mistaken, but there's no demand about the casino since they don't offer any promotions and still brand new without reputations. However Freebitco even though need to create an account, but they're wouldn't ask any KYC even you have doing something suspicious (you'll get terminated instead). Yeah I'd say currently 95% big casinos in this forum is a KYC casino, they only have different system/perspective to the trigger a red flag on your accounts.
The new casinos are crazy with their KYC rules and customer support. They hold users' money as if they were the owners of the money, and you can find all the same slots games bringing a lack of original and probably fair games.
Maybe regulation brings us to the current situation, but in the past was funnier, fair, and legit. And that's why I miss the old onchain gambling.
Do you remember those old casinos, and what are your thoughts about the current gaming sites compared with the old ones?
I was not yet involved in gambling when these systems or models are in existence, but they sure are interesting based on your observation, now we are in the regulation period it finally caught up with us, and these casinos need to protect themselves to be fully compliant to what their license issuer is demanding, and they want to assure their players that cheating will not be tolerated and they need to implement KYC to trace abuser to establish their reputation.
Honestly in my heart I also always miss the old days, fair and legit casino don't need an account to gamble. That anonymous style makes me a free gambler to bet, you are right if a long time gambler in this crypto business will definitely not like KYC because in the past it was not in demand by most crypto gamblers. At this time there are indeed many casino that enforce that rule, in my opinion it doesn't matter if it is proven wise and proven safe but it is better to anonymously. By the way directbet is the best in my opinion personally.
Haven't experienced this type of gambling but I believe the reason why it was popular in the old days was because the restriction was not yet there as crypto gambling was still in the early days of the market. But as crypto gambling is getting interest from the community, the restrictions that come with it also changes. And for these casinos to comply with the license they are applying for, to make their business legit, they need to ask some information from their clients owed to this AML laws. Also, with fees getting expensive, I don't think the gambler will want to pay the fee every time he will bet. Because in the current situation, the gambler will only pay the fee upon withdrawal from the site. But during his games or bets, there's no corresponding fee to pay.
Honestly in my heart I also always miss the old days, fair and legit casino don't need an account to gamble. That anonymous style makes me a free gambler to bet, you are right if a long time gambler in this crypto business will definitely not like KYC because in the past it was not in demand by most crypto gamblers. At this time there are indeed many casino that enforce that rule, in my opinion it doesn't matter if it is proven wise and proven safe but it is better to anonymously. By the way directbet is the best in my opinion personally.
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.
Onchain gambling is gone, it was one of the first ways to gamble our bitcoins... The casinos used to be totally anonymous, to the point where you don't have to create an account on the casino to place a bet. And that was what I call freedom.
I did not reach this kind of game I was late here, and the format and the trend are what are we've seeing right now, it must be really good in the olden days because we all want anonymity in our playing session
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Those engines were provably fair, and the max wins were up to 100BTC in lucky bit (in that time BTC was at $500 approx) but still huge.
If a player knows what will be the price of Bitcoin 8 years from then he would have played a lot just to get more Bitcoin
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The new casinos are crazy with their KYC rules and customer support. They hold users' money as if they were the owners of the money, and you can find all the same slots games bringing a lack of original and probably fair games.
That's true there's one casino here that just opened and ask for a phone verification when you are signing up and it received a lot of bad feedback from the community, the KYC is now required when the casino thinks your account is suspicious
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Maybe regulation brings us to the current situation, but in the past was funnier, fair, and legit. And that's why I miss the old onchain gambling.
Do you remember those old casinos, and what are your thoughts about the current gaming sites compared with the old ones?
Do you remember those old casinos, and what are your thoughts about the current gaming sites compared with the old ones?
I wish e have something like that today so we new players can enjoy that game and appreciate it too but we all know casinos wants to protect their interest that is why they have a new system in place.
At the old times,their was only few casino and now was used by the few people.The price of bitcoin was around 500$ 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.
I used to use directbet.eu and it was the single best gambling experience of my life. It was a shame that it was taken down due to attacks against that style of taking bets as a result of high transaction fees allowing users to place bets that would never confirm both ways, and then double spending the losing bet while confirming the winning bet with higher fee transactions. It’s a shame that this method of gambling was attacked and abandoned before it could be developed further. This is exactly the sort of thing that I point to as an example of why Bitcoin has actually lost use cases over the years instead of gaining them. We’re ironically centralizing ourselves as a community as frequently as we can. I don’t blame casinos though, nobody wants to risk having you business bankrupted by the downfalls of the Bitcoin network.
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.
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.
Onchain gambling is gone, it was one of the first ways to gamble our bitcoins... The casinos used to be totally anonymous, to the point where you don't have to create an account on the casino to place a bet. And that was what I call freedom.
When I join to this crypto world in 2014, there use to be 2 casinos with this feature, their name was Lucky bit and Satoshi Bones. And their games have a unique address where you can send your coins and get back to the bet result to the address where the bet comes from. That was how they didn't ask for an account to place a bet.
Those engines were provably fair, and the max wins were up to 100BTC in lucky bit (in that time BTC was at $500 approx) but still huge.
The new casinos are crazy with their KYC rules and customer support. They hold users' money as if they were the owners of the money, and you can find all the same slots games bringing a lack of original and probably fair games.
Maybe regulation brings us to the current situation, but in the past was funnier, fair, and legit. And that's why I miss the old onchain gambling.
Do you remember those old casinos, and what are your thoughts about the current gaming sites compared with the old ones?
When I join to this crypto world in 2014, there use to be 2 casinos with this feature, their name was Lucky bit and Satoshi Bones. And their games have a unique address where you can send your coins and get back to the bet result to the address where the bet comes from. That was how they didn't ask for an account to place a bet.
Those engines were provably fair, and the max wins were up to 100BTC in lucky bit (in that time BTC was at $500 approx) but still huge.
The new casinos are crazy with their KYC rules and customer support. They hold users' money as if they were the owners of the money, and you can find all the same slots games bringing a lack of original and probably fair games.
Maybe regulation brings us to the current situation, but in the past was funnier, fair, and legit. And that's why I miss the old onchain gambling.
Do you remember those old casinos, and what are your thoughts about the current gaming sites compared with the old ones?
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