What is a web3 casino for you? - page 6.

piebeyb

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Quote from: Apocollapse on May 10, 2023, 09:51:19 AM

Quote from: Viscore on April 30, 2023, 04:26:32 PM

Everything in web3 gives advantages to the owner/user itself but since it’s still in a process, we can’t actually give its precise meaning. However, for me, web3 offers a lot of advancements like we don’t have to face problems like KYC since everything that the casino will ask has been input already in our own non-custodial wallet.

It's true you can gamble through your non custodial wallet, but the site has a rule about KYC, I think if they feel suspicious with your wallet, they will not allow you to gamble and will ask your KYC through your email address. If not then your token could be frozen if they're report it to someone who can control the coins you hold, remember altcoins is centralized and your coins can be frozen even it's already on non custodial wallet.

Yes, actually it's just a decentralized casino that doesn't have KYC rules because basically they only transact through smart contracts and the dealer can't cheat in games that gamblers do, everything runs using smart contracts only, but if you play at a casino that still uses e-mail, that's already definitely will be asked for KYC even though the casino supports web3, I'm not too interested in playing in a decentralized casino either.

I don't know why people avoid KYC, shouldn't it be for the sake of protecting our money from insecure smart contracts in decentralized casinos, why not play at big casinos that can obviously keep our money there, besides, I don't think it's a problem if you are asked for KYC as long as it's for safety and comfort for ourselves.

www.Gambler.Casino

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Quote from: Oshosondy on April 25, 2023, 06:19:43 AM

Web3 casinos operate on web3 technology in a way that punters connect their noncustodial wallet to a gambling site in a way that payments are settled on blockchain, unlike the deposit and withdraw on centralized casinos.

This is great! I did not know that in this way it is possible to conduct transactions in casino

Apocollapse

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Quote from: Viscore on April 30, 2023, 04:26:32 PM

Everything in web3 gives advantages to the owner/user itself but since it’s still in a process, we can’t actually give its precise meaning. However, for me, web3 offers a lot of advancements like we don’t have to face problems like KYC since everything that the casino will ask has been input already in our own non-custodial wallet.

It's true you can gamble through your non custodial wallet, but the site has a rule about KYC, I think if they feel suspicious with your wallet, they will not allow you to gamble and will ask your KYC through your email address. If not then your token could be frozen if they're report it to someone who can control the coins you hold, remember altcoins is centralized and your coins can be frozen even it's already on non custodial wallet.

Cling18

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Quote from: Weawant on May 10, 2023, 01:32:55 AM

Quote from: VEMO_MANAGER on April 25, 2023, 06:14:32 AM

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

Web3 has to be decentralized so if a casino is claiming to be a web3 project then it has to have all of the features of decentralized projects. The casino should be accessable with my metamask wallet that I won't have to deposit but can connect my wallet directly.

There should be no restrictions of which location can access the casino. If there's a restrictions then that means the casino is not decentralized as they claim but centralized just disguising so they can gain audiences from those who are interested in decentralization.

There are so many feature that should make a casino decentralized, the games has to be P2P. The casino shouldn't be involved as two or three members can host a betting game with in themselves although the casino will have their commission but not interfere.

One of the key elements that define a casino as 3.0 is decentralization. A decentralized network powered by blockchain technology should run it. Additionally, it must support several currencies, which will be advantageous to us gamblers who support a number of altcoins. A casino would also be regarded as web 3.0 if it produces fair gameplay, security, and accountability, all of which will simultaneously be protecting its players and the casino. Since most casinos also prohibit VPN usage, I hope that the innovative gambling industry will take the location restriction into consideration in the future. Players from gambling-restricted areas have long struggled with this restriction.

Weawant

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Quote from: VEMO_MANAGER on April 25, 2023, 06:14:32 AM

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

Web3 has to be decentralized so if a casino is claiming to be a web3 project then it has to have all of the features of decentralized projects. The casino should be accessable with my metamask wallet that I won't have to deposit but can connect my wallet directly.

There should be no restrictions of which location can access the casino. If there's a restrictions then that means the casino is not decentralized as they claim but centralized just disguising so they can gain audiences from those who are interested in decentralization.

There are so many feature that should make a casino decentralized, the games has to be P2P. The casino shouldn't be involved as two or three members can host a betting game with in themselves although the casino will have their commission but not interfere.

dothebeats

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Quote from: _act_ on May 01, 2023, 02:10:49 AM

Quote from: Viscore on April 30, 2023, 04:26:32 PM

Everything in web3 gives advantages to the owner/user itself but since it’s still in a process, we can’t actually give its precise meaning. However, for me, web3 offers a lot of advancements like we don’t have to face problems like KYC since everything that the casino will ask has been input already in our own non-custodial wallet.

But what about the future, there is possibility that the government may want to attack the web3 gambling sites and asked them to make KYC compulsory. Making KYC compulsory on web3 is very possible. Gambling sites, decentralized exchanges and other platforms that are using web3 may become a place of know your customers in the future.

That is why I don't buy the web3 hype. It's another buzzword created to market something that has already gone stale because the words they try to label it is something that isn't catchy and appealing to the masses. Even if Web3 goes full-blown and almost everything becomes decentralized, one swift order from the government to make KYC mandatory and all of those years building up said technologies to combat centralization will be wasted and left at the mercy of the government.

Especially for casinos, it will be an easy target for the government to impose their laws and regulations to these platforms because they need to be registered in order to operate. And if you're a registered entity, the government knows who you are and can basically make arrests if you do not comply with their demands.

All in all, the idea of a web3 casino is to just bypass KYC restrictions imposed by the government, but in the end this wouldn't matter that much because the government can just do what they usually do and impose their KYC regulations and get what they need/want.

Bayan_D40

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Quote from: VEMO_MANAGER on April 25, 2023, 06:14:32 AM

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

1. For a Web 3.0 casino to be considered decentralized, it must be constructed using blockchain or other decentralized technologies.
2. Cryptocurrency payments and withdrawals should be accommodated by the casino.
3. It is crucial for the casino to provide provably fair games, which ensures that game outcomes can be verified and not tampered with.
4. Smart contracts, which are self-executing contracts with terms and conditions directly coded into them, must be used by a Web 3.0 casino.

joniboini

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Quote from: lionheart78 on April 30, 2023, 05:33:34 PM

The difference between the two is that web3 the decentralized, blockchain-based web - and Web 3.0 which is Tim Berners-Lee's vision of a linked or semantic web.

Makes me wonder which one comes first. While the focus is quite different I think the goal can be achieved under the same platform. If I'm not wrong, the focus on data control for both of them is quite similar albeit solved in different ways. I don't think casinos or any centralized platform will try to participate in semantic/linked websites though.

Quote from: Webetcoins on May 02, 2023, 04:14:34 AM

Well, technically they can catch us, and they can do it pretty easily and to be precise, the hunt down has already begun. I read in a post recently that the authorities are planning to regulate decentralized platforms since they operate without proper licensing and such and they will need to comply with the rules and regulations as well.

The only thing a decentralized-focused platform can do is probably built another UI that doesn't rely on a centralized server, using something like IPFS for example. I believe the government would not spend too much time and money trying to shut down smart contracts or miners since they can just make more profit from that, which is why somebody can pretty much ignore the UI and use smart contract interactions when they want trades. Although I don't think that's ideal for something like a casino.

Webetcoins

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Quote from: slapper on May 01, 2023, 12:18:38 PM

Quote from: _act_ on May 01, 2023, 02:10:49 AM

Quote from: Viscore on April 30, 2023, 04:26:32 PM

Everything in web3 gives advantages to the owner/user itself but since it’s still in a process, we can’t actually give its precise meaning. However, for me, web3 offers a lot of advancements like we don’t have to face problems like KYC since everything that the casino will ask has been input already in our own non-custodial wallet.

But what about the future, there is possibility that the government may want to attack the web3 gambling sites and asked them to make KYC compulsory. Making KYC compulsory on web3 is very possible. Gambling sites, decentralized exchanges and other platforms that are using web3 may become a place of know your customers in the future.

Gov meddling in web3? Ha! Like they could catch us. We're rogue adventurers, blockchain cowboys, defying authority while riding off into the digital horizon. But for real, we can't ignore KYC. Annoying? Yeah. But better than losing our beloved gambling dens, decentralized exchanges, and web3 havens to government intervention.

Worst case? We'll find a KYC lophole. We're ingenious, folks. We make things happen. So fear not, Big Brother's storm clouds. Staying ahead, we'll relish web3's perks without trading privacy and security. Let's ride!

Well, technically they can catch us, and they can do it pretty easily and to be precise, the hunt down has already begun. I read in a post recently that the authorities are planning to regulate decentralized platforms since they operate without proper licensing and such and they will need to comply with the rules and regulations as well.

So maybe very soon, even decentralized platforms will start asking for KYC from their users or they won't be able to use the platforms or even connect their wallets since that is how decentralized platforms are used basically.

slapper

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Quote from: _act_ on May 01, 2023, 02:10:49 AM

Quote from: Viscore on April 30, 2023, 04:26:32 PM

Everything in web3 gives advantages to the owner/user itself but since it’s still in a process, we can’t actually give its precise meaning. However, for me, web3 offers a lot of advancements like we don’t have to face problems like KYC since everything that the casino will ask has been input already in our own non-custodial wallet.

But what about the future, there is possibility that the government may want to attack the web3 gambling sites and asked them to make KYC compulsory. Making KYC compulsory on web3 is very possible. Gambling sites, decentralized exchanges and other platforms that are using web3 may become a place of know your customers in the future.

Gov meddling in web3? Ha! Like they could catch us. We're rogue adventurers, blockchain cowboys, defying authority while riding off into the digital horizon. But for real, we can't ignore KYC. Annoying? Yeah. But better than losing our beloved gambling dens, decentralized exchanges, and web3 havens to government intervention.

Worst case? We'll find a KYC lophole. We're ingenious, folks. We make things happen. So fear not, Big Brother's storm clouds. Staying ahead, we'll relish web3's perks without trading privacy and security. Let's ride!

_act_

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Quote from: Viscore on April 30, 2023, 04:26:32 PM

Everything in web3 gives advantages to the owner/user itself but since it’s still in a process, we can’t actually give its precise meaning. However, for me, web3 offers a lot of advancements like we don’t have to face problems like KYC since everything that the casino will ask has been input already in our own non-custodial wallet.

But what about the future, there is possibility that the government may want to attack the web3 gambling sites and asked them to make KYC compulsory. Making KYC compulsory on web3 is very possible. Gambling sites, decentralized exchanges and other platforms that are using web3 may become a place of know your customers in the future.

lionheart78

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Quote from: AmoreJaz on April 30, 2023, 03:38:19 PM

Quote from: Eternad on April 30, 2023, 11:06:16 AM

Quote from: danadc on April 27, 2023, 02:01:54 PM

For me, web3.0 casinos are the ones where you can connect the decentralized wallet and play, as well as play with deposits and the centralized system, I don't know if I'm wrong, but web3 casinos are promoting them a lot as if it were the saint Grail, the truth is that I still trust the old casinos like freebitcoin, in duelbits which I consider to be very good, for me all this is happening as a fad, where everyone wants to interact in order to have good results, but I prefer that casinos integrate web3 to see how it goes, but the old ones.

The current web3 casino is not the real web3 definition because they are not using blockchain for all their games. They are just using the blockchain on the payment system and the rest is just the typical centralized casino you have a separated wallet inside that you don’t have access to private key.

Real web3 casino doesn’t require you to deposit and you can bet directly on your wallet using a smart contract on bet of your choice.

this is why players should be careful on what these casinos are advertising about their platform. take time to read their terms and see what they are really offering. check their features and see if they are complying to be a real web3 gambling site.
if in any way, you have no full control with your wallet, then that's not web3. you should use your own wallet and it is your own prerogative where or when do you want to play and use your own wallet.
maybe, to have a quick overview of the difference of web 2.0 vs web 3.0 based on this -

what is web 3.0?

Please take note that there is other web which is called web 3.0 which is very different from your given definition. According to this article[1] Web3 is different from web 3.0, it is that wikipedia made an error when it stated that web3 is also called web 3.0

The difference between the two is that web3 the decentralized, blockchain-based web - and Web 3.0 which is Tim Berners-Lee's vision of a linked or semantic web.[1]

[1] https://www.nexxworks.com/blog/web3-and-web-3-0-are-not-the-same-thing-heres-why

Viscore

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Quote from: Oshosondy on April 25, 2023, 06:19:43 AM

Web3 casinos operate on web3 technology in a way that punters connect their noncustodial wallet to a gambling site in a way that payments are settled on blockchain, unlike the deposit and withdraw on centralized casinos.

Everything in web3 gives advantages to the owner/user itself but since it’s still in a process, we can’t actually give its precise meaning. However, for me, web3 offers a lot of advancements like we don’t have to face problems like KYC since everything that the casino will ask has been input already in our own non-custodial wallet.

AmoreJaz

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Quote from: Eternad on April 30, 2023, 11:06:16 AM

Quote from: danadc on April 27, 2023, 02:01:54 PM

For me, web3.0 casinos are the ones where you can connect the decentralized wallet and play, as well as play with deposits and the centralized system, I don't know if I'm wrong, but web3 casinos are promoting them a lot as if it were the saint Grail, the truth is that I still trust the old casinos like freebitcoin, in duelbits which I consider to be very good, for me all this is happening as a fad, where everyone wants to interact in order to have good results, but I prefer that casinos integrate web3 to see how it goes, but the old ones.

The current web3 casino is not the real web3 definition because they are not using blockchain for all their games. They are just using the blockchain on the payment system and the rest is just the typical centralized casino you have a separated wallet inside that you don’t have access to private key.

Real web3 casino doesn’t require you to deposit and you can bet directly on your wallet using a smart contract on bet of your choice.

this is why players should be careful on what these casinos are advertising about their platform. take time to read their terms and see what they are really offering. check their features and see if they are complying to be a real web3 gambling site.
if in any way, you have no full control with your wallet, then that's not web3. you should use your own wallet and it is your own prerogative where or when do you want to play and use your own wallet.
maybe, to have a quick overview of the difference of web 2.0 vs web 3.0 based on this -

what is web 3.0?

Eternad

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Quote from: danadc on April 27, 2023, 02:01:54 PM

For me, web3.0 casinos are the ones where you can connect the decentralized wallet and play, as well as play with deposits and the centralized system, I don't know if I'm wrong, but web3 casinos are promoting them a lot as if it were the saint Grail, the truth is that I still trust the old casinos like freebitcoin, in duelbits which I consider to be very good, for me all this is happening as a fad, where everyone wants to interact in order to have good results, but I prefer that casinos integrate web3 to see how it goes, but the old ones.

The current web3 casino is not the real web3 definition because they are not using blockchain for all their games. They are just using the blockchain on the payment system and the rest is just the typical centralized casino you have a separated wallet inside that you don’t have access to private key.

Real web3 casino doesn’t require you to deposit and you can bet directly on your wallet using a smart contract on bet of your choice.

dezoel

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Quote from: Helena Yu on April 30, 2023, 02:49:07 AM

I think most gamblers are don't care with Web 3.0 or decentralization/privacy, that's why they don't mind to submit their KYC on the casino.

There are many cons of decentralized casinos:
1. They worried if they have connected their wallet to the casino, their coins will be gone because we had seen so many people lose their coins due to connecting their wallet.
2. Promotions, rakeback, VIP ranks are limited or not implemented by the casino.
3. They feel more comfortable to gamble through login their account than connecting their wallet.
4. They have thought the casino will not last long since the casino will need to follow the regulations and it will ruin the decentralization.

There are pros and cons for every casino whether it's decentralized or centralized, but what you described aren't really cons to be honest. Let me explain, even decentralized casinos can have promotions, rake backs, etc. But they will need to program them well so that they are allocated based on smart contracts.

About wallet connecting scams, I think that depends on one's self if how much they've researched about a platform that they are about to use, if they use it without any research, and lose their money, it's definitely their own fault.

Lastly, even if a casino is closed by the authorities, a gambler should have no problems since they don't have an account and they have their funds in their wallet.

klidex

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Quote from: Fivestar4everMVP on April 27, 2023, 02:06:49 PM

Quote from: klidex on April 27, 2023, 01:48:56 PM

According to my knowledge, web 3.0 is more often known as decentralized or not centralized by anything.
So it's quite simple that if a casino uses the web 3.0 casino label it should implement the no KYC feature which can hold on the basis of web 3.0 decentralization and other features that make customers anonymous.
But unfortunately some casinos that have web 3.0 casino label do not really adhere to web 3.0 basis and still ask KYC data from customers who want to withdraw large amount of funds.
Or maybe a casino that only has a web 3.0 label but doesn't really apply the basics that must be set, the casino uses web 3.0 only to attract the attention of potential customers or just because of the web 3.0 hype which is currently a trend.

There is actually a topic which I believe was discuss here some time ago where the op was asking if casinos that claim to be web 3.0 projects, are really Web 3.0 or just using the title as a form of advertisement.

Majority of those who commented said that, as of now, web 3.0 casino are very few in number, and are not popular yet, so clearly, most of the casino claiming to be web 3.0 based are nothing but using that to promote their casinos and Win more new customers over.

Web 3.0 equals complete decentralization, even games in a web 3.0 casino should be hosted on-chain, and not on a server controlled by people, if the games listed on the casino are not hosted on-chain through smart contracts, then it simply means that such a casino is not a true web 3.0 casino.

That's what I mean that most of the casinos that use the web 3.0 model are just promotions and don't really use the original web 3.0 system.
Yes it is true that web 3.0 casinos should really use a chain hosting system which makes everything more decentralized without being centralized with anything and only relying on hosting on a predetermined chain.
If a casino uses web 3.0 promotion but not a genuine web 3.0 system I think they are failing at that decentralization and are just like normal casinos.
Until now I have never come across a truly genuine web 3.0 casino using a web 3.0 basis

coin-investor

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Quote from: goaldigger on April 29, 2023, 04:15:35 PM

Quote from: VEMO_MANAGER on April 25, 2023, 06:14:32 AM

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

Decentralized casinos are still having a hard time to attract more players, though there’s a lot of projects already that is being owned by the community though its hard to choose for a good project as most of them have the same concept. If the site is not being honest about their real technology, then that’s a red flag for me better to look for alternatives, decentralized platform are still a big concern when it comes to casinos especially with their fairness.

I'm not a fan of these Web3 I've been into an investment site where I have to connect my wallet, just lucky that I got alerted that there is a bug on the platform, these Web.3 casinos are not well audited if you're not good at looking at code and the project is new there is high risk of losing your deposit and funds on your wallet.
For average players, they prefer centralized casinos because the concept is easy compared to Web3 where there is a risk of bugs and backdoors.

ethereumhunter

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Quote from: coinerer on April 30, 2023, 03:48:43 AM

Quote from: VEMO_MANAGER on April 25, 2023, 06:14:32 AM

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

web3 casino will be like any other casino. There is no need to register an account and deposit any crypto to the casino site separately. this is one of the advantages of Web3 Casino. Here any gambler has to connect his personal wallet and play gambling. But one disadvantage here is that if someone connects the wallet to a scam site then his wallet will be at a high risk of being hacked, so if you give one, as Web3 Casino will make our gambling easier, it will put us at high risk, so I personally am not very interested in Web3 Casino.

What's important is if they focus on decentralization, they don't have to ask users for KYC because it will look like a centralized casino so it will be the same as any other casino. Maybe that's what casino owners should pay attention to who say that their casino is web3.0 based so they should avoid that.

To avoid hacking, users must have another wallet used only for gambling and no valuable coin assets. We also have to be careful of fraudulent casinos that look like popular ones, so we have to check them before connecting our wallets to play gambling.

iv4n

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Quote from: coinerer on April 30, 2023, 03:48:43 AM

Quote from: VEMO_MANAGER on April 25, 2023, 06:14:32 AM

Lately we have seen a lot of online casinos that are considering themselves as Web3.0 but in reality it’s just a name, they don’t over a real Decentralized experience for players.
So i want to know from you what’s are all the features an online casino should have to be considered as web3.0 casino?

web3 casino will be like any other casino. There is no need to register an account and deposit any crypto to the casino site separately. this is one of the advantages of Web3 Casino. Here any gambler has to connect his personal wallet and play gambling. But one disadvantage here is that if someone connects the wallet to a scam site then his wallet will be at a high risk of being hacked, so if you give one, as Web3 Casino will make our gambling easier, it will put us at high risk, so I personally am not very interested in Web3 Casino.

Quote

Web3 Casino ecosystem is a fusion of Businesses between Casino, sports betting, NFT and Decentralized crypto wallets or Dapps. Is an idea for a new iteration of the gambling which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.

Google helped as always, this is like some definition. I think that this fusion of businesses is a nice description of Web3 casinos, and in some crypto casinos, we really have a lot of unique features like provably fair games, token-based economics, NFTs, and we ca register and play with crypto wallets or DApps, many deposit options using different chains.

Some definitions that can be found online describe "decentralized casinos" as places where people can gamble with crypto, not with "real money". But I don't think that the most popular casinos around are "decentralized", and my searching for "decentralized casinos" gives me the list of popular casinos we all know. So I doubt there is a real decentralized casino around.

Topic: What is a web3 casino for you? - page 6. (Read 1201 times)