Topic: What would be an ideal KYC solution? - page 5. (Read 4935 times)
A preferable way of KYC for me would be a picture of me, holding a piece of paper with current date, site address and a visible account information, showing that this is me who has logged in into my platforms account. I am not fond of sharing any of my documents. In fact, with all modern technologies, black market, VPNs, it is not hard to create fake ID or imitate location to bypass existence to unsupported country. That is why all that "send frond and back of ID, passport, drivers license, and a picture of you holding it" does not solve KYC problem.
Text to image generation software using deep machine learning,
can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
I didn't know about this, do you have any examples which I could take a look at?
I'm aware that AI content is entering it's renaissance period, I'm dodging those AI writers as crazy this year, but to generate KYC imagery is a new thing that I didn't know exists
Where there is no law then there is no law broken and therefore no crime.
That's not quite right because if there are no laws, humans can act arbitrarily, and there is a disorder in all fields. With laws, the government can regulate people, but unfortunately, some people still try to break them or some people work in government who abuse those rules.Ideal or not, KYC will depend on how we feel because it's not ideal for us if we don't want to do it. The terms of KYC seem to be similar from one casino to another. And we choose where we will do the KYC.
Ser, relax. Hahaha.
I wasn't educating you about DirectBet, I was only showing you what it was on-chain when you posted that "you couldn't read somewhere in their site that they're an on-chain casino". What site did you visit? The real DirectBet has been offline, and their topic in the forum has been locked.
I was also merely suggesting that having the "ideal KYC solution" could also be "fixed" through technical implementation, like DirectBet's on-chain solution.
no worries, I am relax and I am just pointing the fact about the discussion. No need to tell me to relax as I am relax and I am only sharing my thoughts and opinion to you. One more thing, you don't have to call me or address me as ser or sir. After all, we have the freedom of speech in this forum unlike the other platform where it is moderated and some words are not allowed. To be precise, I didn't visit directbet website or their ann thread as I am not interested in directbet at all.I wasn't educating you about DirectBet, I was only showing you what it was on-chain when you posted that "you couldn't read somewhere in their site that they're an on-chain casino". What site did you visit? The real DirectBet has been offline, and their topic in the forum has been locked.
I was also merely suggesting that having the "ideal KYC solution" could also be "fixed" through technical implementation, like DirectBet's on-chain solution.
I thought you said that, "you couldn't read somewhere in their site that they're an on-chain casino", https://bitcointalksearch.org/topic/m.61401864
I probably misunderstood?
As learners of Bitcoin as a protocol and as users of cryptocurrencies, plebs like you and me who have posted our own opinions in the topic should research and learn more about DirectBet, and how it's a good model for an ideal KYC solution. It could also be one of the best illustrations in how to utilize the Bitcoin blockchain, and how to build services that have an actual on-chain usage that's censorship-resistant and non-custodial.
Text to image generation software using deep machine learning,
can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
This is not really a solution, to begin with this is most likely illegal, then you are also taking a massive risk as the casino could ask for more documentation and you will have no way to produce it as all of it was false, and finally if at some point this became popular among some gamblers then casinos will begin to ask for videos of the gamblers holding their documents or even ask to make a video call with you, defeating the whole purpose of doing this.can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
Where there is no law then there is no law broken and therefore no crime.
Text to image generation software using deep machine learning,
can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
This is not really a solution, to begin with this is most likely illegal, then you are also taking a massive risk as the casino could ask for more documentation and you will have no way to produce it as all of it was false, and finally if at some point this became popular among some gamblers then casinos will begin to ask for videos of the gamblers holding their documents or even ask to make a video call with you, defeating the whole purpose of doing this.can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
And, yes, if this becomes a thing, more and more platforms would lean more on having a better and stricter KYC process which would involve more documentation and possibly your appearance during KYC process.
Text to image generation software using deep machine learning,
can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
This is not really a solution, to begin with this is most likely illegal, then you are also taking a massive risk as the casino could ask for more documentation and you will have no way to produce it as all of it was false, and finally if at some point this became popular among some gamblers then casinos will begin to ask for videos of the gamblers holding their documents or even ask to make a video call with you, defeating the whole purpose of doing this. can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
Text to image generation software using deep machine learning,
can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
can already generate KYC images and ID documentation that can pass KYC acceptance levels.
The issue for KYC is being able to determine if there is a real person at the other side of the process.
In my opinion, I do believe KYC has been rather efficient in delivering on its service to these sites that patronize them. Other than KYC, unless one is thinking full biometrics capturing, I don't see more than a few adjustments to what KYC stands to offer right now,
When we talk about KYC it has to be identified on which approach we are addressing this, why should an organization or a gambling website needs the KYC informations if not to track the users, i believe that every information about a gambler will always be used against him in the future and also KYC is not the solution to avoiding abuses like scams and hacking from fraudulent people over a casino, kyc should be a thing of choice that a gambler can choose to go by or avoid the process entirely.
In my opinion, I do believe KYC has been rather efficient in delivering on its service to these sites that patronize them. Other than KYC, unless one is thinking full biometrics capturing, I don't see more than a few adjustments to what KYC stands to offer right now, explored. Perhaps other KYC competitors may have simplified processes involved, the best of them is supposed to be articulate, precise and have a simple enough to understand interface which users should not waste much time to update their details with. This KYC has delivered on, and other competitors would have to beat this stat.
The problems related to the KYC are probably not too bad. It's not something that has come up out of the blue in recent months. It has been current for years and perhaps longer than that. At every regular gambling site you will be asked to identify yourself via the KYC procedure. If we are talking about a gambling site that only accepts crypto, it will of course be a different story. A licensee can demand all kinds of things, but how are they going to check all of that? That is tedious and complex work, I think that the authorities are busy with completely different things than checking such matters.
KYC will stay as a big problem won't it? I mean it is not clear why, but it is clear that we are going to keep having this for a long time and that upsets me for sure. I wish that it never even existed, that would have been a lot better. I am trying to make sure that I play in places that doesn't offer such a thing, and not have KYC at all, but unfortunately it is getting more and more common these days.
I get that people want to make sure that they are playing in legit places and most legit places have KYC but that doesn't mean that all places that doesn't ask KYC is shady, Stake doesn't ask it and they are as legit as it gets, and I like it that way.
I get that people want to make sure that they are playing in legit places and most legit places have KYC but that doesn't mean that all places that doesn't ask KYC is shady, Stake doesn't ask it and they are as legit as it gets, and I like it that way.
KYC should never be required on withdrawal of winnings, as that money has come from the casino.
If a casino is concerned about money laundering they should only be allowed to ask for KYC prior to deposit.
The KYC system is being abused by the casinos, who will do anything they can to delay a withdrawal, in the hope you will start playing again.
It doesn't only matter where the money comes from, because AML laws also require to know where you are from and who exactly are you. There are some blacklisted names and countries they can't do business with. And since people use VPN they can't just trust on the IP where you are from.If a casino is concerned about money laundering they should only be allowed to ask for KYC prior to deposit.
The KYC system is being abused by the casinos, who will do anything they can to delay a withdrawal, in the hope you will start playing again.
Also your last sentence doesn't make any sense to me. If the withrawal is delayed, why would you play again until it's solved?
Ser, relax. Hahaha.
I wasn't educating you about DirectBet, I was only showing you what it was on-chain when you posted that "you couldn't read somewhere in their site that they're an on-chain casino". What site did you visit? The real DirectBet has been offline, and their topic in the forum has been locked.
I was also merely suggesting that having the "ideal KYC solution" could also be "fixed" through technical implementation, like DirectBet's on-chain solution.
no worries, I am relax and I am just pointing the fact about the discussion. No need to tell me to relax as I am relax and I am only sharing my thoughts and opinion to you. One more thing, you don't have to call me or address me as ser or sir. After all, we have the freedom of speech in this forum unlike the other platform where it is moderated and some words are not allowed. To be precise, I didn't visit directbet website or their ann thread as I am not interested in directbet at all. I wasn't educating you about DirectBet, I was only showing you what it was on-chain when you posted that "you couldn't read somewhere in their site that they're an on-chain casino". What site did you visit? The real DirectBet has been offline, and their topic in the forum has been locked.
I was also merely suggesting that having the "ideal KYC solution" could also be "fixed" through technical implementation, like DirectBet's on-chain solution.
Ser, you're taking what I posted and making another debate out of that. Because if DirectBet was not truly an on-chain casino, it would be like the casino in your, and my signature. But I was not talking about that, I was talking about the "Ideal Solution" for KYC this topic/OP is looking for, and I was merely making the suggestion that the "Ideal Solution" might be NO KYC which DirectBet provided.
That wasn't so hard to answer right?. You should have answered on point rather than educating me about directbet being an on-chain casino and one of the old casinos in bitcoin instead of pointing out the solution that you have mentioned like gambling in a xasino that is an on-chain casino and doesn't require KYC. In my previous post, I am stating about a situation if you are gambling in a casino that have license then you would be required to complete KYC before you can withdraw if you won decent or huge amount of money in their casino.
Ser, relax. Hahaha.
I wasn't educating you about DirectBet, I was only showing you what it was on-chain when you posted that "you couldn't read somewhere in their site that they're an on-chain casino". What site did you visit? The real DirectBet has been offline, and their topic in the forum has been locked.
I was also merely suggesting that having the "ideal KYC solution" could also be "fixed" through technical implementation, like DirectBet's on-chain solution.
Ser, you're taking what I posted and making another debate out of that. Because if DirectBet was not truly an on-chain casino, it would be like the casino in your, and my signature. But I was not talking about that, I was talking about the "Ideal Solution" for KYC this topic/OP is looking for, and I was merely making the suggestion that the "Ideal Solution" might be NO KYC which DirectBet provided.
KYC should never be required on withdrawal of winnings, as that money has come from the casino.
If a casino is concerned about money laundering they should only be allowed to ask for KYC prior to deposit.
The KYC system is being abused by the casinos, who will do anything they can to delay a withdrawal, in the hope you will start playing again.
If a casino is concerned about money laundering they should only be allowed to ask for KYC prior to deposit.
The KYC system is being abused by the casinos, who will do anything they can to delay a withdrawal, in the hope you will start playing again.
Well, what can you say if they are not like that?
Ser, DirectBet was one of the old casinos in Bitcoin, but they already closed during 2017 before you registered your account. You can read their announcement thread, https://bitcointalksearch.org/topic/directbet-live-sportsbook-racebook-now-accepting-ether-393147They were the only on-chain casino that didn't require the user to open an account, didn't require to deposit their coins, and definitely didn't require KYC. It was truly a censorship-resistant casino built on top of the Bitcoin blockchain. It was probably inefficient, and slow when the network was congested, but it was working.
Not to make this reply a bit off topic but I am not talking about directbet not being an on-chain casino. That question is for a casino that what if it is not an on-chain casino and in this case, what if directbet is not an on-chain casino?. I don't need to read their ann thread since I am asking all about the site more like a KYC of some sort. I know you will be confused as what KYC I really mean and it's not Know Your Customer but Know Your Casino. That's the reason why I ask a question and not about me saying that directbet is not an on-chain casino. What can you say or your opinion if directbet is not an on-chain casino?.
That's what I really want you to answer as shown in the quote.
Ser, you're taking what I posted and making another debate out of that. Because if DirectBet was not truly an on-chain casino, it would be like the casino in your, and my signature. But I was not talking about that, I was talking about the "Ideal Solution" for KYC this topic/OP is looking for, and I was merely making the suggestion that the "Ideal Solution" might be NO KYC which DirectBet provided.
It is very difficult to find the balance when it comes to KYC. It's normal for casino owners to persistently ask for KYC. Because in a possible lawsuit and court case (illegal money) they must have documents that they would like to defend themselves. Of course, from the perspective of both sides, both sides have their disadvantage. Requesting KYC, especially at crypto casinos will reduce gambling traffic and revenues will drop. The casino owner doesn't want that either. However, in this case, he takes all the risks. A casino that requests KYC has to present its licenses and necessary documents to the user to indicate its reliability. The casino requesting KYC must enter into a contract with the user and must contractually undertake that it will not give the KYC to third parties in any way. Finally if you are trading with CEX you have to do KYC.
The big issue is that thousands of players are currently being coerced into handing over valuable personal data to anonymous individuals who take that data and move it to jurisdictions where it has no legal protection.
The data can be packaged into tranches and sold on to multiple buyers. Those buyers can then sell that data on again to other buyers. The victims have lost complete control of their own personal data and both they and their families have to deal with the negative consequences for the rest of their life, or longer.
The data can be packaged into tranches and sold on to multiple buyers. Those buyers can then sell that data on again to other buyers. The victims have lost complete control of their own personal data and both they and their families have to deal with the negative consequences for the rest of their life, or longer.
It depends on the jurisdiction the casino operates in, but it is true what you say, it is very easy nowadays to lose control over one's personal information. This applies not only to casinos for mostly all kind of services that have anything to do with money or crypto.
That is why I would recommend people (who care about the management of their information) to check where the casino is registered, where it operates from and read the Terms of services or a summary of it.
Jump to: