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Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Web3 offerings from casinos is just another buzzword that they use to potentially invite in a lot of new players in their site. There isn't really any platform nowadays that aren't requiring new signups to not submit KYC because it will always be a requirement by the government. If they do not comply to this said requirement, they will have no other option but to shutdown or be prosecuted.

Perhaps if the casino operators know how to hide from the law enforcement then web3 casino may be a possibility. But if not, well, you know what happens.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

There is no way the casino industry can shift to full and total decentralization because the authorities are fully aware of money laundering and scammers are using casinos to wash their dirty money, if a casino turns to full no KYC expect it to have a takedown notice coming from authorities, scammers and money launderers are always on the look for places to wash their money and Web 3.0 is a good place to do that.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Casino owners still have the right to ask for KYC because regulators also supervise them, so they also need to supervise their users. We may think that web 3.0 doesn't require KYC but we also can't do anything about it if the casinos keep asking us to do KYC.

And if you don't want to do KYC, you can look for other casinos that don't implement KYC. Maybe it's a misunderstanding of people in interpreting web 3.0 or is it to attract more users and say that their casino is a decentralized casino or is it just a new trend in the gambling business.

This web 3.0 label has been carried by certain companies despite their platforms not really representing web 3.0, or whatever that exactly means. They're just using it because that's the current trend. This is so like those platforms using the keyword decentralized just to attract users. In reality, they're anything but decentralized. Or perhaps they're branding themselves as a web 3.0 gambling platform simply because they're using blockchain, which might actually fall short of what really web 3.0 means, although it doesn't really have a strict definition.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

<snip>

We know very well that it's simply a way like any other to attract an audience to their activities.

many of these sites know very well that with the current laws they cannot operate by proposing a site without KYC and licenses, therefore they choose these marketing expedients. Maybe they have some * on their promo?!?

considering that bitcoin and other cryptocurrencies provide a level of "pseudo" anonymity such an activity is always borderline ;)

I think the term Web3 has just become a marketing term nowadays to attract people (because of the hype).
Some casinos claim to be decentralized and would not ask for any KYC. This will only be possible if they are not under any regulatory entities, but we know already that most of them still need to get their license, and that would mean that they will be regulated, and possibly ask for KYC from their customers.

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Web 3.0 has become bait in the past months and that's because people don't fully understand the concept, as OP mentioned, it's supposed to be for decentralized projects, but when people run a project with their own token while holding more than 20% of the total tokens, that's fully centralized. And that just brings more confusion about the Web 3.0 projects.

So, we can call it high-quality bait to attract new users.

Some casinos will do everything just to attract players despite their deceiving advertisements. I've come across a casino claiming to be web 3.0 but to my surprise after wagering and upon withdrawal, they asked me to submit the KYC requirements which made me lose interest in that casino. I guess that's just their marketing strategy since they all know that most players prefer casinos that won't ask for KYC.

There are still gambling sites that are decentralized and do not need KYC. One example is https://dexsport.io/.  I believe crypto developers are still planning to build a casino that is decentralized and does not need to provide KYC in order to play in it with peace of mind.  I think there are lots of online platforms built in dapps that will ensure us a decentralized gambling experience.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.
The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?
Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

Hello there!

TrustDice team here. We'd love to say non-KYC-upon-registration casinos do exist, and we are proud to be one! (https://trustdice.win/) Our crypto philosophy is deeply rooted in blockchain, so we absolutely understand crypto users' concerns over privacy since we, too, are crypto users.

In the meanwhile, we do agree that "web 3 casino" is merely a buzzword that misleads abuser about the true technological foundations of the casino, which is sadly always a centralized operation (due to the present limitations of blockchain technologies at large). That's why we don't use such terms in any of our branding and marketing endeavors.

We know very well that it's simply a way like any other to attract an audience to their activities.

many of these sites know very well that with the current laws they cannot operate by proposing a site without KYC and licenses, therefore they choose these marketing expedients. Maybe they have some * on their promo?!?

considering that bitcoin and other cryptocurrencies provide a level of "pseudo" anonymity such an activity is always borderline ;)

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

We know very well that it's simply a way like any other to attract an audience to their activities.

many of these sites know very well that with the current laws they cannot operate by proposing a site without KYC and licenses, therefore they choose these marketing expedients. Maybe they have some * on their promo?!?

considering that bitcoin and other cryptocurrencies provide a level of "pseudo" anonymity such an activity is always borderline ;)

Correct, while most of the time I do not mind a business trying to ride the wave and doing the best they can do to attract customers, I do mind when they do this based on lies and by taking advantage of the ignorance of their clients.

Web3 has become nothing but a buzzword to try to make a project to be part of this new hype, but which at the end it does no present the decentralization they claim, similar to what we see on any list of the top 10 coins in this market in which the majority of those coins are not decentralized either.

As what others already pointed out, clearly it's just their way to attract gamblers to lure them out to play on their casino. Then you'll only find out the real deal once you're slap to comply for kyc due to your huge winnings. So if you gamble online always expect the possibility to be asked for kyc because it's already common for a regulated platforms. Anyway can you name these "some" casinos claiming to be web 3 yet asking for kyc?

Don't know if any serious business can do such cheap tricks to gain business and gamblers in this case. Marketing which is based on the false statement is not long lasting and sooner and later the people will realize it and it will bring more bad name to the gambling casino.

I am fed up seeing casinos with marketing stunts like it is a defi caisno, it is a web 3 casino , it is an NFT based casino and so on and on. Casino has no link to these terms but they just use these hype because they are trending in the market.

Not really, you can see there's a casino with Web 3.0 integration that has decent reputation in this forum. There's few users already explain about the misunderstanding of Web 3.0 but no one hear or don't care about it. There's also many casinos have a promotion about no KYC, but when someone win big, the casino will ask the winner to submit KYC lol. Those misleading casino should get negative feedback to be honest, but many users think it's harsh since they're not scam anyone.

-cut-
TrustDice team here. We'd love to say non-KYC-upon-registration casinos do exist, and we are proud to be one! (https://trustdice.win/) Our crypto philosophy is deeply rooted in blockchain, so we absolutely understand crypto users' concerns over privacy since we, too, are crypto users.
-cut-

There are many ways that casinos will attract more gamblers, but when it comes to KYC, casinos can ask you to KYC whenever they want. But as gamblers, maybe they are not thinking about web 3 or not because what they are looking for is a casino that doesn't require detailed KYC. And if they have found a casino that does not require KYC, they will not move to another casino, especially if they are already comfortable playing gambling. Casinos using web 3 are casinos that allow gamblers to link their wallets to their gambling accounts without going through the registration process.

Yeah, technically they do exist, but just don't expect any help from the police when a casino that is out of reach of your regulatory jurisdiction decides to do exit scam or just steal your money based on some made up excuse. When they don't need to follow AML laws, you can imagine how much they are bounded by other laws. Basically they need only to follow the rules of the country they are based on.

Web3 based Casinos don't necessarily imply decentralisation. Some web3 Casino are centralised and been centralised KYC verification get involved.  The advantage web3 casinos has over the regular casino is the ability to link wallet addresses as deposit and withdrawal. KYC is needed to limit money laundering and terrorist financing

Defining Features of Web 3.0
Though there is as yet no standardized definition of Web 3.0, it does have a few defining features:

Decentralization: This is a core tenet of Web 3.0. In Web 2.0, computers use HTTP in the form of unique web addresses to find information, which is stored at a fixed location, generally on a single server. With Web 3.0, because information would be found based on its content, it could be stored in multiple locations simultaneously and hence be decentralized. This would break down the massive databases currently held by internet giants like Meta and Google and would hand greater control to users.

With Web 3.0, the data generated by disparate and increasingly powerful computing resources, including mobile phones, desktops, appliances, vehicles, and sensors, will be sold by users through decentralized data networks, ensuring that users retain ownership control.

Trustless and permissionless: In addition to decentralization and being based upon open source software, Web 3.0 will also be trustless (i.e., the network will allow participants to interact directly without going through a trusted intermediary) and permissionless (meaning that anyone can participate without authorization from a governing body). As a result, Web 3.0 applications will run on blockchains or decentralized peer-to-peer networks, or a combination thereof—such decentralized apps are referred to as dApps.

Artificial intelligence (AI) and machine learning: In Web 3.0, computers will be able to understand information similarly to humans, through technologies based upon Semantic Web concepts and natural language processing. Web 3.0 will also use machine learning, which is a branch of artificial intelligence (AI) that uses data and algorithms to imitate how humans learn, gradually improving its accuracy. These capabilities will enable computers to produce faster and more relevant results in a host of areas like drug development and new materials, as opposed to merely targeted advertising that forms the bulk of current efforts.

Connectivity and ubiquity: With Web 3.0, information and content are more connected and ubiquitous, accessed by multiple applications and with an increasing number of everyday devices connected to the web—one example of which is the Internet of Things.

Web3 based Casinos don't necessarily imply decentralisation. Some web3 Casino are centralised and been centralised KYC verification get involved.  The advantage web3 casinos has over the regular casino is the ability to link wallet addresses as deposit and withdrawal. KYC is needed to limit money laundering and terrorist financing

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Many site are still KYC free though but most of them started to collect details from their gamblers and that's why there's a panic regarding this.
If the site mislead the gamblers in the first place then that is a red flag and you should get out of that site right away because for sure, KYC will still be asked later on. Claiming to be a web 3.0 project is quiet an overhyped and an obvious attempt to attract gamblers by giving out false information. This is not a misunderstanding for sure, they are doing this intentionally, any new site doing things like this?

I've looked for a list of WEB.30 casinos and I found this list
https://bitcolumnist.com/casinos/top-web3-gambling-sites/ surprisingly some of the top casinos are on the list like Sportbet.io Stake and Fortunejack we have a good number of top casinos in Web 3.0 is the author right in evaluating them as Web 3.0 casinos as far as I know casinos on Web 3.0 are decentralized and you are linking your wallet for total anonymity and you are right that they should not ask for KYC, but it's really hard to be anonymous in the gambling industry where there is strong regulation.

Web 2.0
Web 2.0, also known as the second generation of the web, is the prevalent web of our era that emerged in 2004 and is still thriving. It is considered the read-write web that facilitates user interaction, which is a massive improvement over the one-way communication that Web 1.0 allowed. It enables websites to produce user-generated content, enhancing usability and interoperability for end-users, thus, making it the participative social web it is.

Web 3.0
Comprehended as the next generation of the web, web 3.0 is the executable web or read-write-execute version of the web. It is also known as semantic web and is an extension of the World Wide Web that uses standards set by the World Wide Web Consortium (W3C). It aims to make the Internet smarter by handling information with human-like intelligence using artificial intelligence systems.

Web3 is a decentralized and open web based on blockchain technology. Coined by the Ethereum co-founder Gavin Wood in 2014, the fundamental idea behind web3 is to create a decentralized version of the Internet by removing the dominance of the centralized power of web 2.0 giants like Amazon and Facebook and giving the control back to users.

Web3 hopes to reclaim data ownership from web2 giants and return it to users using blockchain technology, decentralized storage, and self-sovereign identity in a community-driven environment. Users will have the final say regarding who can access what data.

This has been made possible by cryptocurrency wallets like MetaMask, Venly, or TrustWallet, where users store keys to all of their data and identities. They may engage with other blockchain apps in this way and control who has access to their data. Using a crypto wallet to log in to other apps is similar to using a Facebook account, except that all your data is yours to keep and manage.

https://bitcolumnist.com/casinos/top-web3-gambling-sites/

Yeah, technically they do exist, but just don't expect any help from the police when a casino that is out of reach of your regulatory jurisdiction decides to do exit scam or just steal your money based on some made up excuse. When they don't need to follow AML laws, you can imagine how much they are bounded by other laws. Basically they need only to follow the rules of the country they are based on.

The former one is right as they introduce themselves on the web3 grounds attracting more users to them and once you deposit your money you find out the same KYC norms so it's better to play in legit casinos rather then rushing to them as they also operates on the central chain so no decentralisation concept in them as well.

The former one is right as they introduce themselves on the web3 grounds attracting more users to them and once you deposit your money you find out the same KYC norms so it's better to play in legit casinos rather then rushing to them as they also operates on the central chain so no decentralisation concept in them as well.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

First of all, if a casino is web 3, does it means that it will not ask for KYC  ???
Anyways i do agree that some casino just uses the hype of the latest technologies and try to gain customers which is very wrong in my opinion. Advertising is the right of casinos but false advertising is something that should be avoided. If any casino is found doing false advertisements, they may gain some gamblers for the time being but later the truth will be revealed, and gamblers will never trust that site.

A casino should focus on the true facts and not make false ads only to gain new users. If gambling sites do like that, people will talk bad about those sites and soon no one will play there.

Most likely when we hear web3 casinos, for me it sounds like a new era of gambling, until we start to experience that certain casinos and end up being disappointed. It’s still the same with the usuals casinos asking for KYC, nothing is really new. I guess the term web3 is just put and being associated in the names of the casinos just to attract new users and become tempted to play. Yes, this is more of a false advertisement which I think any casino that is doing that should be given a red flag and negative feedback so they can also learn their lesson.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

This happens when the when the gamblers do not understand what they really needs or understand the meaning of web 3.0. I have see many crypto projects that are been claiming to be on web 3.0 and help users to stay decentralized. When we don't understand what we want the problem will continue and this had been the market problem of many users and crypto investors including gamblers.

But from my own understanding I believe that every gambler knows what it wants, because i think gamblers have to do research to be able to detect exactly what they needs, but in a certain point, some of the claiming what they don't know feels like claiming in different ways of what they  cannot definition or don't know.you are right because some do not investigate to detect or able to know what they want or the easiest way to know what they don't know.

This happens when the when the gamblers do not understand what they really needs or understand the meaning of web 3.0. I have see many crypto projects that are been claiming to be on web 3.0 and help users to stay decentralized. When we don't understand what we want the problem will continue and this had been the market problem of many users and crypto investors including gamblers.

Are any of those who named them Web 3.0 gambling successful? I think they might need a user identity for something, yes this is just a caution to you. having to be decentralized is more of a thing and it should have no KYC at all.

And that how it should be but still asking out those KYC which does simply means that they arent running that 3.0 in the first place but rather they are really just deceiving out people that they are like that

but we know that community wouldnt really be dumb as fuck on not to be able to make out differentiation in between web3 into those common centralized casinos or platforms that we do have today.
It is really just trying to make use of that word but cant eventually be able to apply since it wasnt really like that in the beginning.If they are really that making in use of those words
or claims just to hook up people and find out later on about the truth then i wont be shocked that they wouldnt really be getting any users far on ahead.

And that how it should be but still asking out those KYC which does simply means that they arent running that 3.0 in the first place but rather they are really just deceiving out people that they are like that

but we know that community wouldnt really be dumb as fuck on not to be able to make out differentiation in between web3 into those common centralized casinos or platforms that we do have today.
It is really just trying to make use of that word but cant eventually be able to apply since it wasnt really like that in the beginning.If they are really that making in use of those words
or claims just to hook up people and find out later on about the truth then i wont be shocked that they wouldnt really be getting any users far on ahead.

Are any of those who named them Web 3.0 gambling successful? I think they might need a user identity for something, yes this is just a caution to you. having to be decentralized is more of a thing and it should have no KYC at all.

Are any of those who named them Web 3.0 gambling successful? I think they might need a user identity for something, yes this is just a caution to you. having to be decentralized is more of a thing and it should have no KYC at all.

^ I think there is, https://www.esports.net/news/top-3-blockchain-gaming-platforms/.
Here in the forum if I am not mistaken, Gandom casino is also a web3 casino.
Because once the casino is licensed and regulated it is expected that the casino will ask for KYC from their user and right, this web3 is just marketing ads that mislead new gambler thing web3 is a fully decentralized casino. However, some of them, have dApp that does not really ask for KYC and probably there is but only minor information such as the mobile number and email address.

There's nothing new just exactly as you've made mention when it comes to gambling casinos stating they are incorporating a web3 gambling website, it makes no any different from the ones we have in existence before and web3 has nothing to do with stopping them from demanding for KYC at the end, we know it's part of a marketing strategy adopted to captivate gamblers where as some may also come in claiming theirs is 3D or HD graphics casino or betting site which mean thesame thing as a marketing strategy or repackaging.

Most gamblers follow what others are doing without doing any research to find the casino they want. That causes many of them to have a bad experience using the wrong casino and only complain. Maybe not many people understand the meaning of web 3.0 or web 3. And this is why there are still misunderstandings among people out there. And we should use the casino that we are used to so that we are fine while playing gambling.

It all depends on what people want to see and understand, there are many and among them they don't know what Web3 is and I know that this is something that can be technical, but when talking about such technical things it's always good to have a section where they explain what that means, for some players who have a lot of experience and who have been playing for many years they know perfectly well what it is and that despite not being programmers or very knowledgeable, but I have seen that here in the forum many things will depend techniques because the players speak with many technical criteria that sometimes I don't understand and that they make me study to learn.

I see most people pointing out if Web 3.0 casino that require KYC is a red flag and just a marketing purpose since it's not actually decentralized, does it mean this casino is shady and deserved to get negative tag? I think when the casino has a red flag and didn't remove the words that's controversial, DT members will give negative tag to them. There's many web 3.0 casino didn't get negative tag yet, so?

Most likely when we hear web3 casinos, for me it sounds like a new era of gambling, until we start to experience that certain casinos and end up being disappointed. It’s still the same with the usuals casinos asking for KYC, nothing is really new. I guess the term web3 is just put and being associated in the names of the casinos just to attract new users and become tempted to play. Yes, this is more of a false advertisement which I think any casino that is doing that should be given a red flag and negative feedback so they can also learn their lesson.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Don't be confused between Web3 and Web 3.0  they are fundamentally different[1].  As stated by that article, "web3 is blockchain based whereas web 3.0 is semantic web which means it is a common framework that allows user to reuse and share data across different enterprises, applications, and communities."

In addition, blockchain based doesn't necessary need to be decentralized.  There are centralized blockchain so it wouldn't be a surprised if some Gambling Casino platform that claim to be web3 integrated asks for KYC.

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[1] https://productcoalition.com/web3-versus-web-3-0-the-basic-concepts-and-differences-e25f7f05ca33

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed. As for web 3.0, we are waiting for its users' feedback to have a better idea.

When you are playing over crypto casinos you are expecting some sort of privacy and many wants to remain anonymous here gambling with fun but KYC is like revealing their identity ending up their base purpose so this is why it's the most debatable topic but if you are comfortable with it then you can surely go with it and those who are not find it hard.The casino says they have to follow the rules and regulations and prevent fraudulent withdrawal which is why it's mandatory but players want to remain anonymous so this is main conflict.

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed.

it seems that this casino platform just wants to attract people to be able to use their platform, even though they don't implement web3 on their platform.. they really use crypto on their platform,, but this is not the intention of WEB3, it is a concept that combines decentralization, blockchain technology, and a token-based economy, and concepts like this would not be possible to implement on a casino platform

Don't be confused between Web3 and Web 3.0  they are fundamentally different[1].  As stated by that article, "web3 is blockchain based whereas web 3.0 is semantic web which means it is a common framework that allows user to reuse and share data across different enterprises, applications, and communities."

In addition, blockchain based doesn't necessary need to be decentralized.  There are centralized blockchain so it wouldn't be a surprised if some Gambling Casino platform that claim to be web3 integrated asks for KYC.

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[1] https://productcoalition.com/web3-versus-web-3-0-the-basic-concepts-and-differences-e25f7f05ca33

I don't understand why people don't like KYC policy when it is for their safety, as it ensures the user's credibility. This trend must be changed. As for web 3.0, we are waiting for its users' feedback to have a better idea.

I think some gambling owners doesn't really understand what it is but I also think it is because it contradicts what they have on their license and which they need to follow, some people wanted to play sports betting with Web 3.0 but the gambling site won't be able to offer it if they won't get a license and in order to get a license they need to follow its restrictions and requirements, which includes KYC.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

It all depends on what people want to see and understand, there are many and among them they don't know what Web3 is and I know that this is something that can be technical, but when talking about such technical things it's always good to have a section where they explain what that means, for some players who have a lot of experience and who have been playing for many years they know perfectly well what it is and that despite not being programmers or very knowledgeable, but I have seen that here in the forum many things will depend techniques because the players speak with many technical criteria that sometimes I don't understand and that they make me study to learn.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Probably, it’s one way to make people believed that it’s different from others and to attract more users and let them experience by themselves. Although I would say that the operators have research about web3, but so far I have not experienced this yet, and maybe some operators have wanted to adopt it and are still making some preparations to finally realize it in the future.

Customers may not want to provide full details of their personal information, or they may feel uncomfortable sharing this information with a business they don't trust or don't know well. This is especially true when it comes to financial transactions, where the consequences of identity theft are much more severe. Additionally, some people may be concerned about their privacy or the security of their personal information or they may also be concerned that the information will be used in ways they don't approve. This is especially true in cases where business doesn't have a good reason for requesting personal information. In these situations, customers may feel that their rights are being violated. And I don't think this trend will change as long as there are bad players in the industry who will take advantage of people's personal information.

Many people do not want to give their KYC details because they are tired of being controlled. When I started in the crypto world, I did it with a privacy coin project that seemed to have a lot of future, but they spoiled it with many bad ideas and They treated investors badly, it's a project that died for me, which is still out there surviving as in vegetative life, but when a project dies, there is no remedy, and there I learned that players love their privacy, they love anonymity, and If there is a lot of competition in the casinos, why don't they please that public and give them what they want?

Web 3.0 until now still i don't know what is that.
The main point in Web 3.0 is decentralization. So if casino doing KYC, that is like wrong idea. Casino will know our identity.
But on other perspective, i think really hard to make casino without doing KYC.
People will be easy come to gamble and go out... casino don't have any database customer to make them come again.

I never really cared about all they hype behind Web 3.0 which is why my interest in crypto gambling sites adopting this stuff never really rose though I did check them out now and then, but didn't find any major differences.

What matters more to me when investing in these sites is how reliable they are, no KYC, low house edge, great promotions etc.

I never really cared about all they hype behind Web 3.0 which is why my interest in crypto gambling sites adopting this stuff never really rose though I did check them out now and then, but didn't find any major differences.

What matters more to me when investing in these sites is how reliable they are, no KYC, low house edge, great promotions etc.

That's the main concern for many gamblers but at this time many legit casinos have implemented KYC norms for the players and if we have to continue our gambling journey with them we must have to go through providing details but for small gamblers like us it's not too much complex.And yes promotions are the way of keeping up players interest in the casino and making profits as house have edge always.

Casinos are more likely to tell simple white lies. I'm not looking at that myself. They can always say that things have been misinterpreted by the user or they can end up referring to the terms and conditions, which are basically binding as long as it doesn't conflict with the laws where the casino is located. And platforms and programs are always updated once in a while, I wouldn't stick too much to that.

The unfortunate thing still remains that several casinos claiming to the web 3.0 based are nothing but blatant lies, but on the other hand, if you find a casino that is indeed web 3.0 based, that would be extremely wonderful since web 3.0 based platforms doesn't require signing up or registration as well as asking or requesting customers to verify their account.
Web 3.0 casino games are hosted on the blockchain which also means, or should mean that even the casino owners don't have control over the games anymore.

Terminology
Web3 is distinct from Tim Berners-Lee's 1999 concept for a semantic web.[18] In 2006, Berners-Lee described the semantic web as a component of Web 3.0, which is different from the meaning of Web3 in blockchain contexts.[19]

The term "Web3" was coined by Polkadot founder and Ethereum co-founder Gavin Wood in 2014, referring to a "decentralized online ecosystem based on blockchain."[1] In 2021, the idea of Web3 gained popularity.[20] Particular interest spiked toward the end of 2021, largely due to interest from cryptocurrency enthusiasts and investments from high-profile technologists and companies.[5][6] Executives from venture capital firm Andreessen Horowitz traveled to Washington, D.C., in October 2021 to lobby for the idea as a potential solution to questions about regulation of the web, with which policymakers have been grappling.[21]

But my question now about web 3.0 based casinos is that, since games are hosted on the blockchain and gamblers only need to connect their wallet and start playing, how does the gamblers get paid if they win.?

I personally don't care about the new terms web3 or web30 that casinos are bringing which at their core are only oriented towards improving the user experience in terms of managing funds and (mostly) issuing new utility tokens. In fact crypto-based casinos existed before this term and they also offer basically the same quality of service, working with the same gaming software providers.

Web3 has dapps. so possibly the bet, winnings and paying is processed there.  While it is easier to understand how the process go in a platform running in web 3.0 since web 3.0 can run in centralized system so the processing is done by the centralized system where the owner has access.

I personally don't care about the new terms web3 or web30 that casinos are bringing which at their core are only oriented towards improving the user experience in terms of managing funds and (mostly) issuing new utility tokens. In fact crypto-based casinos existed before this term and they also offer basically the same quality of service, working with the same gaming software providers.

Thanks for the explanation. Didn't know that Web3 and Web 3.0 were different. Basically, Web3 is always decentralised while Web 3.0 can be centralised or decentralised.

Whatever the case, gamblers focus more on other factors such as house edge, promotions, whether KYC is truly required or not etc which makes sense since very few of them care about these new technologies.

Their interest in them would rise sharply if they received some big incentives through them when compared to the competition.

Thanks for the explanation. Didn't know that Web3 and Web 3.0 were different. Basically, Web3 is always decentralised while Web 3.0 can be centralised or decentralised.

Whatever the case, gamblers focus more on other factors such as house edge, promotions, whether KYC is truly required or not etc which makes sense since very few of them care about these new technologies.

Their interest in them would rise sharply if they received some big incentives through them when compared to the competition.

Web3 should be decentralized, but as long as Web3 projects are using the ethereum network or any other centralized network, they will be centralized. So, basically, yes you have some missunderstanding of what web3 actually is. So, they either develop their own decentralized network or develop their projects on a decentralized network or they risk becoming totally dependant on a centralized network.

... they risk becoming totally dependant on a centralized network.

I think something related to Web 3.0 can't even attract new users on a gambling platform. It's just technology.

Gamblers are gamblers and they only care about winning and for that to happen, they will only choose a big casino that already established a reputation.

For new users or gamblers to be attracted, unique promotions and bonuses are the keys, not these web 3.0-related stuff.

Web3 should be decentralized, but as long as Web3 projects are using the ethereum network or any other centralized network, they will be centralized. So, basically, yes you have some missunderstanding of what web3 actually is. So, they either develop their own decentralized network or develop their projects on a decentralized network or they risk becoming totally dependant on a centralized network.

Most crypto projects are based on hype and completely overvalued. That's at least 99% of altcoins are, ICOs were, IPOs were, stable coins are...
Web3 just like all the things that facebook or meta as they're trying to rebrand themselves is doing is overvalued. It may achieve something or not. Google glass was a good example of an overhyped flop.
I feel that the only thing in the space that isn't pure hype right now is bitcoin. Bitcoin and things based on it are at this point largely undervalued.

Most crypto projects are based on hype and completely overvalued. That's at least 99% of altcoins are, ICOs were, IPOs were, stable coins are...
Web3 just like all the things that facebook or meta as they're trying to rebrand themselves is doing is overvalued. It may achieve something or not. Google glass was a good example of an overhyped flop.
I feel that the only thing in the space that isn't pure hype right now is bitcoin. Bitcoin and things based on it are at this point largely undervalued.

We all know that majority of the projects are hype projects but i want us to know that, even though it's a hype projects it's something that i believe that without consciousness or proper investigation of the project you might end in a wrong function.
So therefore we contribute almost what is the Genesis of what leads us into wrong function through our findings.

Definitely some casinos where known for this kind of claims, but what they fail to realize is that lying will only reduce their level of trust they have with gamblers because everyone want to be treated as it is, there have been several cases of having issues related to KYC which used to turn a thing of surprised to most gamblers that why should that come in when they needed the most a time to perform a specific function on a casino, kyc could be as frustrating as something else whenever it is been required by a casino for user to be verified.

There's one thing for most projects, and they're the investments and putting it together with casinos. Those buzz words are intriguing so they might catch some interest for its specific targets, the gamblers.
But yeah, it's not that really needed at all, and just take it from being the typical casino that we used to know that's been operating and proved themselves to their existing customers that there's no need for some riding with hype and buzzy words.

I don't think we have a web3 based casino that is 100% decentralized. However, there may be many casinos that may use the name of "Web 3" only to promote the casino as these days the hype of Web3 is on the rise. If the casino is web3, well & good but don't falsely claim the casino to be Web 3 compatible.

but there are also several web3 casinos that have just been released and they are truly decentralized where every bet we make is related to a smart contract and doesn't ask us to fill in an email address let alone fill in KYC, but many big casinos add this web3 feature but don't understand what it's about decentralization

but there are also several web3 casinos that have just been released and they are truly decentralized where every bet we make is related to a smart contract and doesn't ask us to fill in an email address let alone fill in KYC, but many big casinos add this web3 feature but don't understand what it's about decentralization

Web 3.0 until now still i don't know what is that.
The main point in Web 3.0 is decentralization. So if casino doing KYC, that is like wrong idea. Casino will know our identity.
But on other perspective, i think really hard to make casino without doing KYC.
People will be easy come to gamble and go out... casino don't have any database customer to make them come again.

Most crypto projects are based on hype and completely overvalued. That's at least 99% of altcoins are, ICOs were, IPOs were, stable coins are...
Web3 just like all the things that facebook or meta as they're trying to rebrand themselves is doing is overvalued. It may achieve something or not. Google glass was a good example of an overhyped flop.
I feel that the only thing in the space that isn't pure hype right now is bitcoin. Bitcoin and things based on it are at this point largely undervalued.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

It's true that it sounds a bit counterintuitive to have blockchain based, decentralised casinos that require us to complete a KYC process. We have learned over the years to stay as anonymous as possible in the internet and don't real too many personal information. The number of scammer and phishing websites increased a lot in the last 5 years, this could also be linked to the increase in crypto prices which makes it much easier to shift around stolen money. The main thing for casinos to require KYC is to prevent money laundering in larger scales to not attract the attention of the government. If a lot of criminals would be using online casino to try and launder their money then the government could step in and ban gambling all together. Therefore some form of regulation is necessary to show the good will of the gambling industry. I noticed that KYC is mostly required when you are dealing in large amounts of money, some casinos only require additional information when withdrawing more than 1,500 - 2,500 USD, which seems like a good compromise to me.

I agree with your point of view, It's true that in recent years there have been several cases of laundering stolen money through online casinos or crypto assets.
So don't be surprised if casino sites require conditions to make KYC.
Parties from the casino also do not want to be involved and be harmed in any form by the laundering of stolen money carried out by irresponsible persons.

but there are also several web3 casinos that have just been released and they are truly decentralized where every bet we make is related to a smart contract and doesn't ask us to fill in an email address let alone fill in KYC, but many big casinos add this web3 feature but don't understand what it's about decentralization

But if we have several casinos with web3 it is something that should make a difference, I have been looking at some threads of the best casinos in the forum and there is none that is this web3 that is outstanding, not even the ones that make casino reviews do it. they name, I think that these things, as new things are coming out, have not given them much importance because there are not things that attract attention, players prefer the most reputable and trustworthy casinos, and that is what gives them an advantage over the Other casnios, the best ones can come out with web3 but trust and reputation is what they have to build the most.

And the criminal is submitted someone KYC that he bought from a person who sold his identity since he's poor. Does casino asking KYC will prevent from money laundering? nope, does KYC make the criminal harder to do bad thing? yes. This mean asking KYC is useless if the criminal know how to escape from it. Now we have blockchain analysis who can track someone coins, but they still can't catch those criminals since they're more clever.

But if we have several casinos with web3 it is something that should make a difference, I have been looking at some threads of the best casinos in the forum and there is none that is this web3 that is outstanding, not even the ones that make casino reviews do it. they name, I think that these things, as new things are coming out, have not given them much importance because there are not things that attract attention, players prefer the most reputable and trustworthy casinos, and that is what gives them an advantage over the Other casnios, the best ones can come out with web3 but trust and reputation is what they have to build the most.

There's no expectations a gambler could have other than having an interesting experience in using a particular casino of choice, but we have found in so many of these casinos not to be upto required standard and not only that, but they give wrong impression on what they won't accomplished for gamblers to enjoy in their casinos, which are obviously plain lies and tricks to generate traffic of gamblers to their sites, we are expected to take a good research and be rest assured on the kind of casino we use and their level of reputation to public acceptance because some are also fragments of scam in disguise since they can say what they wouldn't do.

It's fine if casinos like that keep doing it to attract gamblers but it won't last because gamblers will surely know casinos that really want to attract lots of gamblers to their place using good and right ways. Those simple lies and tricks will not be able to trick gamblers because someone will expose the lie so that it becomes viral in public and finally, their customers leave the casino like that. Casinos that really work hard to realize their targets will get the results they want because they don't use bad ways of getting customers.

this will reveal their true intention and attitude and will surely hated by gamblers   because in this business ? the most important thing is trust because this is about money so the more you lie to the players is the more they will lead to taking out their money and activities to their site.

It's fine if casinos like that keep doing it to attract gamblers but it won't last because gamblers will surely know casinos that really want to attract lots of gamblers to their place using good and right ways. Those simple lies and tricks will not be able to trick gamblers because someone will expose the lie so that it becomes viral in public and finally, their customers leave the casino like that. Casinos that really work hard to realize their targets will get the results they want because they don't use bad ways of getting customers.

and maybe it is time for them to be serious and offer only what is true and better , not just riding what is popular and ending up players being fooled.

I hate Gambling site that does not tell the truth so better to look for better one than those liar .

this will reveal their true intention and attitude and will surely hated by gamblers   because in this business ? the most important thing is trust because this is about money so the more you lie to the players is the more they will lead to taking out their money and activities to their site.

You guys were all right and i understand the point you're bringing in here, trust is important because it's what laid the kind of foundation for your reputation, why do some casino can't be true in their dealings and yet they expect this loyalty from gambler to always choose them as priority over others, some people launching attacked aren't to be blamed sometimes because they would have also encounters lots of difficulties from the the casinos before they would have concluded on a revenge because it's not everybody you can cheat and do away with.

this will reveal their true intention and attitude and will surely hated by gamblers   because in this business ? the most important thing is trust because this is about money so the more you lie to the players is the more they will lead to taking out their money and activities to their site.

We can see and judge casinos that respect their users even though the user is only someone who has a little capital, but they can respect him and always serve him without looking at their full content, and again about the problem of convenience in gambling, of course there are some casinos that provide comfort, of course and  there are also those who ignore it, when it comes to the problem of lying in games on casino sites, maybe everyone can judge for themselves, with their experience in several big casinos, no matter how small the mistakes made by gambling sites, if done as often as possible then it will smell rotten, then  it all goes back to how the site maintains the comfort of its users, and how they maintain the big name of the site, if in everyone's eyes the site has popularity with a good record then they will attract some of its users and will say with that person, that this gambling site is very good  to play there, if the gambling site is bad then experienced people will tell other members not to play there, so in conclusion I am very sure that everyone can judge a casino site that is good or bad..

There's no expectations a gambler could have other than having an interesting experience in using a particular casino of choice, but we have found in so many of these casinos not to be upto required standard and not only that, but they give wrong impression on what they won't accomplished for gamblers to enjoy in their casinos, which are obviously plain lies and tricks to generate traffic of gamblers to their sites, we are expected to take a good research and be rest assured on the kind of casino we use and their level of reputation to public acceptance because some are also fragments of scam in disguise since they can say what they wouldn't do.

Many of these casinos that tend to be switching to web3.0 are just doing that to mislead gamblers that do not know their right from left. There main motive is to attract more custo6to there casinos and they don't care about the wrong impressiom they are passing especially for gamblers to know what web3.0 is all about. I have always seen similar casinos with exchanges that claim to be migrating to web3.0 when they obviously ask for KYC which do not ought to be.

The quest for competition had been the order of the day and many investors and CEOs had been trying to gain momentum especially when it comes to having more customers on there platform. I just hope all these errors will change with time because right now people are not more lazy again since they can be prone to severe loses if care is not taken.

Quite good, we have alot of competition in the market, alot of newly established casinos were being introduced and are getting alot of new gamblers having their test, they don't just come into operations but they have sat down to discover what will pull a drive of gamblers to their casinos and they got the solution to it, they understand that any newly established casino may not be after profit but what they can offer and deliver for gamblers to enjoy, so they therefore build a credible reputation to quickens their growth fast and then advertise themselves, if they maintain this good deeds and continue with nthe kind of trust gamblers have on them, they will continue to flourish but if they fail along the way, it tarnish their whole reputation on the gambler and it will take a little time before they began to realize what they are losing already.

Quite true once a new casino has been launched then the owner will not ai for a big profit from the gamblers. what you said above is true they must build their reputation first before they aim for a profit cause If they are going to launch a new casino they need to sacrifice which is very important to catch the attention of the gambler. They need to handle their customer rights and do their best to run their transaction fast and smoothly as this is the only thing that a gambler want in casino.

New costumer doesn't want to see an issue will exist to a new casino since this might be their red flag to avoid this casino so to get good reputation as well as good impression they must perform very well and make those transaction smooth for their costumer to see that they are really dealing with good casino also always do automate the withdrawals and never make it manually happen because many will doubt about it since we might think that they are taking controls and might will not release some of it in future.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

A casino with a good reputation and is trusted will try to maintain its reputation and provide comfort for its users and all of its members and will not be unfair to them. We have seen this being given to a trusted casino, so many of us choose to keep playing at the casino because we have found comfort in playing gambling. But some casinos cannot maintain and provide this to their members but. They instead provide cases of delays in the withdrawal process for various reasons. And this is what makes casinos like that abandoned by gamblers because they don't find comfort playing gambling there.

Well, as others explained there are many companies using fake advertisements to sell their products. Its not issue only at cryptocurrency markets, but all around. People randomly use web3, nft, metaverse words around. Like completely spilling them out to pull traffic.
I also agree with idea saying companies who trick their customers are not gonna last long. I personally hate when I am tricked and completely abandon it. Most people do something similar.

mostly they use clickbait which is used to make visitors feel curious and try something new and then attract visitors to enter into it but visitors don't really find what the company is promoting like web3 or others even they don't really understand what is being promoted

Directly to be a red flag on which if ever someone do see that there's some complaints or having some trust issue then this would automatically give out that negative impression which is something a very bad

thing for a business specially if its really that starting up.When you are just new then it would really be just right on saying up everything or simply being honest.Trying out to claim something which isnt true

and on the time that someone will able to find out the truth then they could easily bust you off into those things you had lied, ending up that the community will really be
making those after words which would really be criticizing on what you have done.

Do not let us deceive ourselves and do not let those developers and sites to deceive us, the initial plan was to make web 3.0 to be decentralized, I expect it to be like how Filecoin or those BitTorrent blockchain are used to store files on computer, but it was not and yet it is not.

Slow withdrawal process would be one of the reasons gamblers can leave a casino, a better one can be gone for. That has been the reason I left fiat casino because of the slow withdrawal process. I have used like two that take weeks, some can take days, I used some local ones that that 24 hours, but crypto casinos take lesser time to process withdrawal, which is the reason I have moved entirely to crypto casino.

As long as gamblers are ever commited to a particular casino without changing to another then i think it something worth deserving also if they can have access to enjoying every good that comes in through their loyalty to that casino, but when one side is vested against the other makes it difficult to control and justify the means to weather they were been served right or not, also we have most of this casinos as well that feels relented because they think they have already arrived after making a number of committed gamblers to their casinos, shouldn't they be more concerned about gamblers being their pride and do all it takes to always have their good support at any given time on what they can deliver.

Do not let us deceive ourselves and do not let those developers and sites to deceive us, the initial plan was to make web 3.0 to be decentralized, I expect it to be like how Filecoin or those BitTorrent blockchain are used to store files on computer, but it was not and yet it is not.

Slow withdrawal process would be one of the reasons gamblers can leave a casino, a better one can be gone for. That has been the reason I left fiat casino because of the slow withdrawal process. I have used like two that take weeks, some can take days, I used some local ones that that 24 hours, but crypto casinos take lesser time to process withdrawal, which is the reason I have moved entirely to crypto casino.

Web3 casino have the sole right to be decentralized but with the presence of so many developers on the ethereum blockchain given developer open platform to create whatever the want, that is why we have some many centralized casinos that does not give the player the necessary system to maximize their presence on the casino.
This is why those reputable casinos already know the need for community satisfaction and constant loyalty program for their players, but with recent updates, most casinos have instant withdrawal time. But web 3 casino like owl has some time gap in between and high fees also.

Or it's a way to attract people/users to make them think that their platform is more advanced?.

This. Just like other marketing gimmicks. Crypto casinos were better 10 years ago when they didn't ask for even registration. Just send bet and you are done.

Casinos will do things that could give a huge impact on them and money no matter what it takes, sometimes even bet their reputation just to achieve what they wanted to happen. It is obviously a big trick that gamblers would think was more advance than other platforms but deep inside, there is no huge difference from the old one. Only some features might be changed but this will not help us to win the house, not unless we are too lucky.
I was preferred the simplest one because what is more important is that they don't cheat us gamblers.

And the criminal is submitted someone KYC that he bought from a person who sold his identity since he's poor. Does casino asking KYC will prevent from money laundering? nope, does KYC make the criminal harder to do bad thing? yes. This mean asking KYC is useless if the criminal know how to escape from it. Now we have blockchain analysis who can track someone coins, but they still can't catch those criminals since they're more clever.

A criminal certainly has many ways to escape and be free from his crime case.
But at least KYC can minimize this crime.
Indeed, it's actually easy to buy someone's identity to be able to make KYC and abuse it.
But in my opinion, in today's era, there are many smart people who don't want to sell their identity. Many of them are starting to realize and have thoughts and understanding of the importance of maintaining identity so that it is not known by others because it can be misused and in the end we are the ones who are harmed.

A criminal certainly has many ways to escape and be free from his crime case.
But at least KYC can minimize this crime.
Indeed, it's actually easy to buy someone's identity to be able to make KYC and abuse it.
But in my opinion, in today's era, there are many smart people who don't want to sell their identity. Many of them are starting to realize and have thoughts and understanding of the importance of maintaining identity so that it is not known by others because it can be misused and in the end we are the ones who are harmed.

Attract people, marketing strategy, or whatever they call it, they will need it to increase the number of gamblers playing in their application even if it means lying initially. Then, just throw them the TOS or Money Laundering Act when they start asking questions.
With the large competition in gambling sites, that is the hardest part of all, to have loyal players that will not just jump from one site to another.
It's not far from those who are using click baits to receive more traffic.

This. Just like other marketing gimmicks. Crypto casinos were better 10 years ago when they didn't ask for even registration. Just send bet and you are done.

I think that of course any serious large and proven casino has such players for a long time, you can probably call them fans.  And like football clubs, they are interested in some kind of even a small support of the fan movement.  Likewise, the casino should take care and somehow contribute to the preservation of such players as fans.  Of course, these should be some kind of preferences, bonuses and similar things.
I think keeping the fans of the casino alive is just a serious and important task for the marketing service of this casino.

Well, as others explained there are many companies using fake advertisements to sell their products. Its not issue only at cryptocurrency markets, but all around. People randomly use web3, nft, metaverse words around. Like completely spilling them out to pull traffic.
I also agree with idea saying companies who trick their customers are not gonna last long. I personally hate when I am tricked and completely abandon it. Most people do something similar.

There are still people who are faking their identity in KYC since I can still see some advertisements that someone is paying for a service on doing KYC. There will still be people who will try to beat the system no matter how hard the process it would be.

Granted, privacy is an important concern for many people, and there are legitimate reasons why we want to keep certain aspects of our personal lives private. I agree that many people do not want to sell their personal information and identity, however the way I see it, there are also many people who do not realize the value of their personal data, and they are willing to trade it for financial compensation.

There are many cases where people have given up their personal data for free, in exchange for some sort of service or offer. For example, if you sign up for a loyalty card at your local grocery store and get 5% off every time you shop there, then the store has just purchased your personal data from you—and they did so without having to pay anything other than the cost of producing the card itself.

There are also people who are not aware of how their personal data can be used to manipulate or influence them, or how it can be used in a way that compromises their privacy, and this is a problem. As consumers, we have to be vigilant and aware of how our data is collected, used and stored. And I believe we need to educate people about how their personal data can be used for good, and also how it can be misused by bad actors.

Gambling sites do not verify selfie photos or face verification so they can be used to fake KYC identities, some users do that to avoid giving their real identities and they always do that for every casino that KYC is requested for, identity falsification cannot be traced on casino systems or even exchanges centralized but using fake identities is also risky because if your device is hacked or your device has been stolen then we lose access to accounts, emails and passwords so it is important that the KYC factor restores them.

Gambling sites do not verify selfie photos or face verification so they can be used to fake KYC identities, some users do that to avoid giving their real identities and they always do that for every casino that KYC is requested for, identity falsification cannot be traced on casino systems or even exchanges centralized but using fake identities is also risky because if your device is hacked or your device has been stolen then we lose access to accounts, emails and passwords so it is important that the KYC factor restores them.

Maybe verification with selfie photos or face verification, as done by exchanges, has not been implemented in casinos. Still, there is a possibility that it will also be applied in the future if there are many cases of abuse of verification or identity forgery. But for now, if a user wants to hide their identity, they should look for a casino that provides the facility to link their account to their personal wallet so they won't be asked to verify even though the casino will still ask them to verify later.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

There's a high chance that the KYC verification will level up in the upcoming years knowing that it is easy to falsify an identity and with our latest technology, Even selfie verification and face verification can be faked. I wonder if deep fake is used on a verification by someone and if it passed the KYC. I wonder how do the casino fight those who are doing Fake KYC and how can they identify if someone is doing it on their casino. It is more easy to fake an ID now compared on the past years.

You're correct. Why privacy-enhancing features aren't built into these gambling platforms is beyond me.

There's a high chance that the KYC verification will level up in the upcoming years knowing that it is easy to falsify an identity and with our latest technology, Even selfie verification and face verification can be faked. I wonder if deep fake is used on a verification by someone and if it passed the KYC. I wonder how do the casino fight those who are doing Fake KYC and how can they identify if someone is doing it on their casino. It is more easy to fake an ID now compared on the past years.

Web 3.0 has become bait in the past months and that's because people don't fully understand the concept, as OP mentioned, it's supposed to be for decentralized projects, but when people run a project with their own token while holding more than 20% of the total tokens, that's fully centralized. And that just brings more confusion about the Web 3.0 projects.

So, we can call it high-quality bait to attract new users.

I still don't know why many casinos even the ones that do require KYC do claim to be a web3 casino. That is very confusing to me. Do web3 has anything to do with KYC? I thought is more of decentralized way of gambling without a centralized world. Things are easily moving and the change is becoming constant.

Just to have some idea on how 3.0 looks like but this only covers up on wallet options
https://owl.games/

People or the community does really want to have those changes and we know that innovation and changes is something inevitable.
We would really be liking to see something like this which is fully integrated on a site specially with gambling and using the word web 3.0
and trying out to claim that your site is something like this and turns out to be proven to be non then it would really be
a mess up.

They want to I'm making but I found it very difficult to understand maybe I am lost in this but I will like you if I have the opportunity to leave you your post to expatiate this so that I will be able to understand you exactly not for others myself, gambling is something i know that we have understand because of the lost which is involve

When we do speak about web 3 casino then it would be particularly meaning into this.

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.

Source (https://sirplay.com/web3-casino/#:~:text=Web3%20Casino%20ecosystem%20is%20a,%2C%20and%20token%2Dbased%20economics.)

If people do see that its still that still centralized then its really totally opposite on how it should be.

I still don't know why many casinos even the ones that do require KYC do claim to be a web3 casino. That is very confusing to me. Do web3 has anything to do with KYC? I thought is more of decentralized way of gambling without a centralized world. Things are easily moving and the change is becoming constant.

There may be no relation between web3 casino and KYC but at least, if the casino is seen to have a lot of gamblers, the government will approach it and require KYC on the members in that casino. But it could be a new trend that will emerge later (or is now starting to become a trend). But whatever it is, it's just us who have to choose to stay in the casino that we usually use to play gambling or want to move to a web3-based casino and whatever we choose, we still have to be careful playing gambling.

Casino owners still have the right to ask for KYC because regulators also supervise them, so they also need to supervise their users. We may think that web 3.0 doesn't require KYC but we also can't do anything about it if the casinos keep asking us to do KYC.

And if you don't want to do KYC, you can look for other casinos that don't implement KYC. Maybe it's a misunderstanding of people in interpreting web 3.0 or is it to attract more users and say that their casino is a decentralized casino or is it just a new trend in the gambling business.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

If they're promoting their casino platforms as a web 3.0, Then why they will ask to KYC? Where Web 3.0 means decentralized crypto casino platform, definitely it’s seems just a promotion to attract new users, they've no right if they're really Web 3.0, It’s not a solution to look another casino with no KYC.

There may be no relation between web3 casino and KYC but at least, if the casino is seen to have a lot of gamblers, the government will approach it and require KYC on the members in that casino. But it could be a new trend that will emerge later (or is now starting to become a trend). But whatever it is, it's just us who have to choose to stay in the casino that we usually use to play gambling or want to move to a web3-based casino and whatever we choose, we still have to be careful playing gambling.

If the casino is licensed, then they have certain obligations, and if they are not fulfilled, they will simply be blocked in the markets where they provide the service. It is also the to protect against money laundering and casino abuse.

That's what it is nowadays. But look at many casinos today, still, they won't ask for kyc as long as you're on the threshold that they've set and you're not obligated in providing them your identification unless they start asking so.
But as per experience, not all of them are like that and you're free to gamble wherever you are it's funny to think that some casinos are into web3 which is all about decentralization and yet, they're asking for some kyc. So, basically they just came in for the hype providing that they're a casino that has described themselves as web 3.0 but overall, they're not having the attitude of what it is to be.

If they're promoting their casino platforms as a web 3.0, Then why they will ask to KYC? Where Web 3.0 means decentralized crypto casino platform, definitely it’s seems just a promotion to attract new users, they've no right if they're really Web 3.0, It’s not a solution to look another casino with no KYC.

If they're promoting their casino platforms as a web 3.0, Then why they will ask to KYC? Where Web 3.0 means decentralized crypto casino platform, definitely it’s seems just a promotion to attract new users, they've no right if they're really Web 3.0, It’s not a solution to look another casino with no KYC.

You have to remember, even though the casino claims their casino is Web 3.0, they can make new rules for their members such as telling them to do KYC because the government is pressuring them to require all members to do KYC. It's easy for them because they already have a lot of members playing at their casino. Yes, it is a promotion that attracts new users and if you are not comfortable with this, you can choose to use another casino that may still ask you to do KYC. We must be observant in choosing the casino and avoid easily following promotions from casinos like that.

most of them who are promoting web 3.0 are just riding the hype. but if you dig deeper, they are not practicing its true purpose. a lot of licensed casinos that you can find in this forum still don't require kyc. but definitely, if it is clearly stated in their terms, better prepare for it rather than pretending you don't know about such requirement. stick to the reputable casinos known to this forum and you won't encounter much trouble. a lot of members will also assist you if you have valid problem towards the site.

Web3 casino have the sole right to be decentralized but with the presence of so many developers on the ethereum blockchain given developer open platform to create whatever the want, that is why we have some many centralized casinos that does not give the player the necessary system to maximize their presence on the casino.
This is why those reputable casinos already know the need for community satisfaction and constant loyalty program for their players, but with recent updates, most casinos have instant withdrawal time. But web 3 casino like owl has some time gap in between and high fees also.

Yup.
It's what many have noticed about them. They're for the current trend and not really for the actual description of what that trend is all about.
The true thing about them is they just want to garner customers through it because it seems effective as marketing but eventually, they'll change their ways just as the normal way of a casino that implements their local rules.

Yup.
It's what many have noticed about them. They're for the current trend and not really for the actual description of what that trend is all about.
The true thing about them is they just want to garner customers through it because it seems effective as marketing but eventually, they'll change their ways just as the normal way of a casino that implements their local rules.

Well, in business, any thing to bring in or win more customers over to the company is always a go and it's welcomed.
I am not surprised though, things like this are not new, casinos can claim to be what they aren't just for the sole purpose of attracting customers, and I do not blame them, this is an industry where everyone is trying to stay anonymous but still want to get involved in businesses that does not require customers to be anonymous due to some reasons best known to them.
And to keep the business going, they have to make the customer feel that they(the business) is actually what they(the customers) want, so if it takes the casino claiming to be a web 3.0 casinos where as they aren't, it is still a business strategy.

Well, if you do not see anything special, as a user, then there is nothing special. The fact that you ask if there is something behind is already a good clue that there is nothing behind. Anyone can claim, 4D effects or Web 3.0 or Crypto-enhanced or, my favourite : "driven by AI". In the end it is about you and your experience and if it does not feel different is not different.

There are still no true web 3.0 casino, most probably the way to attract customers... As for KYC, I doubt that there will ever be a stable casino with no KYC, since when the question is in cryptocurrency stakes, then thats a good stuff, but evrythin becomes a different deal when money withdrawal appears...

I agree with your point about the absence of a true web 3.0 casino. While there are many online casinos that operate using blockchain technology, most of them still lack the sophistication and features that are expected from a true web 3.0 casino. Regarding KYC, it is understandable why online casinos require their customers to go through this process. This is to prevent fraud and money laundering activities, which can be prevalent in the online gambling industry. However, with the advancement of blockchain technology, there are now solutions that allow for secure and private transactions, without compromising the safety of the platform. But perhaps the adoption of web 3.0 technology is still in its early stages. As more companies begin to embrace this technology and its potential, we can expect to see more innovative solutions that address the current limitations in the online gambling industry.

After the emergence of this cryptocurrency all over the world.The same was implemented in the gambling and casino.Most of the crypto currency based on casino was emerged after 2020.As you said the Kyc verification of this website was understandable one.So if anyone required to do kyc for this kindly follow the method.Many people using the gambling site to launder of money.Many people get into crypto gambling now and they don’t know to market on crypto currency forum.This forum is best to market for the crypto gambling and casino.Bitcoin is the accepted one in most of crypto gambling.

I still don't know why many casinos even the ones that do require KYC do claim to be a web3 casino. That is very confusing to me. Do web3 has anything to do with KYC? I thought is more of decentralized way of gambling without a centralized world. Things are easily moving and the change is becoming constant.

I also think so, why do online gambling sites do kyc, even though as we know crypto is anonymous,
here I am taking the positive side of KYC in gambling, maybe the site owner wants to know the members in detail, although it is possible that the government will take over the data when it knows that its people play a big role in online gambling

It is not about the owner wanting to know the members in detail, but if they are planning to have license,
they need to require KYC from the players. However, if there's no license yet, there's no reason for them to oblige their players.
Web 3.0 platforms should operate on what they are promoting, users connected to a decentralized network.
If they require KYC and at the same time proud to be a web 3.0 site, then, something is wrong with the situation.

These casinos are well informed than you may be thinking, these are gimmicks they use as part of market strategies and attractions to lure in many new users that might wanna pick interest or out of curiosity to know what the nomenclature web3.0 depicts for a casino, along the line they might end up registering with them becoming a new user and as such business is moving for them. See this as a way of manipulating gamblers at all cost to their site but it's better they obviously make it known to the gambler from the initial that they're KYC oriented instead of doing so in a cloak.

I also think so, why do online gambling sites do kyc, even though as we know crypto is anonymous,
here I am taking the positive side of KYC in gambling, maybe the site owner wants to know the members in detail, although it is possible that the government will take over the data when it knows that its people play a big role in online gambling

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

After the emergence of this cryptocurrency all over the world.The same was implemented in the gambling and casino.Most of the crypto currency based on casino was emerged after 2020.As you said the Kyc verification of this website was understandable one.So if anyone required to do kyc for this kindly follow the method.Many people using the gambling site to launder of money.Many people get into crypto gambling now and they don’t know to market on crypto currency forum.This forum is best to market for the crypto gambling and casino.Bitcoin is the accepted one in most of crypto gambling.

We can see that new technologies that emerge are often used as a way to attract a lot of people interested in using the platform but in reality none of these new technologies are implemented they just take the name of something that is trending.
But we can't question that because maybe the casino uses the term web 3.0 because it refers to another definition of web 3.0 but actually it's not pure web 3.0 and as long as they don't cheat i think its ok to take.

We can see that new technologies that emerge are often used as a way to attract a lot of people interested in using the platform but in reality none of these new technologies are implemented they just take the name of something that is trending.
But we can't question that because maybe the casino uses the term web 3.0 because it refers to another definition of web 3.0 but actually it's not pure web 3.0 and as long as they don't cheat i think its ok to take.

sometimes gambling companies do advertising by means of current hype. I mean as we know that every gambling company or any other company that as a whole they do advertising in any way that can attract the attention of their customers to enter the industry. as currently is web3 hype and every company will simultaneously use these keywords to attract the attention of new prospects.

this is actually already part of the way that has been done for a long time. but sometimes someone doesn't understand how the ad works and doesn't do research in the ad. the regret is that if companies use currently hyped ads like web3 and don't implement the plan as advertised, it will only be like an indirect scam.

Using hyped methods is actually part of the business that will be built to get the attention of prospect clients on their platform. And this is normal for a casino to do, if web3 can help a casino and gamblers, why not?

But as you said, what has been announced should happen and should not disappoint the community that enters a cryptocurrency casino. Others even pay a lot so that well-known influencers can promote their casino platform.

Using hyped methods is actually part of the business that will be built to get the attention of prospect clients on their platform. And this is normal for a casino to do, if web3 can help a casino and gamblers, why not?

But as you said, what has been announced should happen and should not disappoint the community that enters a cryptocurrency casino. Others even pay a lot so that well-known influencers can promote their casino platform.

Be ready to hop on the bandwagon, for here we go again! Even while my skeptical side wonders if these strategies are worthwhile in the long term, I still can't help but become giddy about the prospects of a brand new bitcoin casino. Virtual currency gaming is a thrilling experience for everybody. Also, if web3 can increase our enthusiasm, then we should definitely give it a try. We'll either be rich beyond our wildest dreams thanks to the cryptocurrency boom or desperately poor. It's risky, but that's part of the thrill, right? Let's up the ante and see out where this ride leads us! Can we get a roll call?  :P :P

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Using hyped methods is actually part of the business that will be built to get the attention of prospect clients on their platform. And this is normal for a casino to do, if web3 can help a casino and gamblers, why not?

Every company wants to exploit the current trends to reach their company to their target customers in the fastest time. Gambling companies also do marketing in the same way. Web3 is a trending thing these days, so it is natural that gambling websites are trying to make the most of that trend.

In the coming days more and more hot trends will be introduced with AI, I wouldn't be surprised if gambling websites will also use the AI ​​trend for marketing.

I was also thinking about that part to promote the casinos, many will use the AI to make promotions and launch them on all social networks, as well as have the options to be able to advise regarding games, they can also make them do good things in favor of grow a casino, and how is the use of AI prohibited in a casino so that it can become stronger, but should players be prohibited from using AI in casinos? but the AI that I have seen does not have prediction functions, only to ask questions and answer, others have the functions of drawing.

Although the use of AI in casinos may be prohibited for gamblers, it is entirely up to the casino team to decide on this matter. The company that can be the first to use the trending new system properly and take extra advantage is the one that stays ahead. AI cannot predict the future, so it remains to be seen whether AI will be banned from being used in casinos.

They would be definitely be banning it if ever that they do see some significant decrease in terms of revenue and suspicious that this might involved some AI but we know the fact that it cant just be possible.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

True. If a gambler is being taken advantage of using AI, casinos will take action against that gambler's account by marking it as suspicious activity. Casinos are very serious about their revenue, there are several cases where even legal winning bets are marked as suspicious. So they will pay more attention to AI, and another option will be for them to prevent gamblers from winning too much. Let's see what other updates come in the coming days for casino owners and gamblers.

As per experience, the longer the site exists the buggier and more traffic it gets. One of the reason is because of the increase of users. That is why I understand people who would say no matter what platform is it as long as it is running smoothly that's all they needed.

We should also know that people nowadays gets bored easily, so even if they attract more users on that marketing strategy eventually they'd get bored and try new things that aren't common to them.

I also find it normal for the long running casino to have more users but the increase in Bugs? i believe that it will be lessen as time goes by because players will keep reporting and some has Bug hunting event to take all out.
but in gambling what are new that can be offered? and also boredom in gamblers only comes when they kept losing mate but if they are winning? who would feel bored?

Exactly! But there're only few stories about those people who are constantly winning, instead there are bunch of stories you hear from every gambling platform about them wanting to gain back what they lost. The other day one of my acquaintance lost around $5,000 in just a few minutes in playing slots. Though it isn't that much for other people, here in my country it's already considered a lot. Some of us who were even watching him play told him to stop playing already after winning $2,000, but he didn't listen to us.

Now what he has in his mind is to regain it back coz he regretted it for being greedy. Though it is irrelevant  to being bored, once he reach the point where he could control his emotions like he did in the past coz I've known him for being a gambler, for sure he'll get bored on that game and will try to look for a new one. It's just us who regrets that big amount to be honest.

It is not possible to win constantly at gambling even if he is a professional gambler. And it becomes more difficult when one plays games such as slots, dice, plinko etc. But games like sportsbet, blackjack etc are somewhat predictable and professional bettors and those who understand them win most of the time but even here it is not 100% sure that every bet will win. So start gambling thinking about the constant reward from gambling.  And choosing it as a profession is a big foolish. So gambling should always be taken as fun

Every company wants to exploit the current trends to reach their company to their target customers in the fastest time. Gambling companies also do marketing in the same way. Web3 is a trending thing these days, so it is natural that gambling websites are trying to make the most of that trend.

In the coming days more and more hot trends will be introduced with AI, I wouldn't be surprised if gambling websites will also use the AI ​​trend for marketing.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Not sure about gambling but a lot of projects actually are already using AI for the sole purpose of marketing and a higher reach since they understand that it is a trending keyword at the moment. Because of the success of ChatGPT, AI is one of the most searched keywords right now and the numbers are increasing over time.

So yeah, it's true that projects and platforms use trends in their names, projects, or promotional material to get more exposure than normal, and it has become a primary marketing technique within the blockchain industry these days.

It is not about the owner wanting to know the members in detail, but if they are planning to have license,
they need to require KYC from the players. However, if there's no license yet, there's no reason for them to oblige their players.
Web 3.0 platforms should operate on what they are promoting, users connected to a decentralized network.
If they require KYC and at the same time proud to be a web 3.0 site, then, something is wrong with the situation.
They are not truly a web 3 site but trying to emulate its concept. Players should doubt their motive on this regard.

The first thing we should know is that, casinos also follow trends, and since the metaverse and web3 protocols become the order of the day, casino games now going on web3 virtual platforms to give players the best experience that will keep them away from other competitors.
So every casino will want to adopt the new trends to make their platform up to date and to meet players' expectations and desires.

The first thing we should know is that, casinos also follow trends, and since the metaverse and web3 protocols become the order of the day, casino games now going on web3 virtual platforms to give players the best experience that will keep them away from other competitors.
So every casino will want to adopt the new trends to make their platform up to date and to meet players' expectations and desires.

They do follow the trend so that they can provide what's the demand is asking them through their customers. But not all of the casinos are following the trend, as long as they keep up with their customers need and demand, they're all good with that.

As change matters to the many, there will be casinos that will always be open to changes and adoption of the following trend.
All they're up to is to give their customers the best experience that they can but let's see if until when this trend of web3 and metaverse will last because by looking at its situation, it won't be that much longer as expecte before.

I definitely agree with you. With the recent developments and software updates, online gambling casinos are adapting to this kind of change to provide their users the best experience on their design and UI for their clients.

I do think that there are lots of online casino platforms nowadays and it is somehow difficult to distinguish one from another. The only distinguishing factor that majority of the people use is the amount of bonuses each give; but they somehow fail to realize the platforms and technology to develop such.

The first thing we should know is that, casinos also follow trends, and since the metaverse and web3 protocols become the order of the day, casino games now going on web3 virtual platforms to give players the best experience that will keep them away from other competitors.
So every casino will want to adopt the new trends to make their platform up to date and to meet players' expectations and desires.

Adopting a new trend is a breakthrough for a casino so that it can continue to operate and develop its business to become bigger. But they don't have to follow web 3 trends that may not have had much of an impact on their casino yet. But they can ask for advice from their members first so they are not wrong in following the new trend. Sometimes a new trend won't last long because, behind the new trend, other new trends are waiting that can attract more people's attention.

As long as the casino can still provide attractive promos for people and many people play gambling at their place, the casino can still compete well even though the casino has not followed the new trend. Maybe in the gambling business, a casino doesn't need to follow new trends but how can a casino create new trends to be followed by other casinos and this is a difficult thing to do.

The first thing we should know is that, casinos also follow trends, and since the metaverse and web3 protocols become the order of the day, casino games now going on web3 virtual platforms to give players the best experience that will keep them away from other competitors.
So every casino will want to adopt the new trends to make their platform up to date and to meet players' expectations and desires.

We have been having different encounters with the newly established casinos that were coming onboard with different approaches from what gamblers have been used to and these makes them to have more edge in getting more gamblers than the long time existing casinos, now that everything is revolving round about the metaverse and web3, there have been alot of competition even among the casinos because everyone want to make a difference in other to pull out gamblers in having interest from what they offers.

It seems like new casinos like web 3.0 casinos will not be able to overtake the old casinos that are popular today and they are just a fad.
Even though the trend or hype will pass quickly as a trend is only temporary and will soon be rivaled by new hype that will appear in the coming year.
So a new casino that uses the current hype like web 3.0 will not be able to take over the position of the old casino and will not be able to snatch customers from the old casino to move to the new model casino.
Even though there will be many who will be curious about this new casino model, they are only temporary and will definitely return to the old casino which in my opinion is more comfortable and attractive.

It seems like new casinos like web 3.0 casinos will not be able to overtake the old casinos that are popular today and they are just a fad.
Even though the trend or hype will pass quickly as a trend is only temporary and will soon be rivaled by new hype that will appear in the coming year.
So a new casino that uses the current hype like web 3.0 will not be able to take over the position of the old casino and will not be able to snatch customers from the old casino to move to the new model casino.
Even though there will be many who will be curious about this new casino model, they are only temporary and will definitely return to the old casino which in my opinion is more comfortable and attractive.

The allure of a web3 casino is undeniable, yet humans, as creatures of habit, often gravitate towards the familiar. Intriguing, isn't it, how we're drawn to the known, even when faced with the potential of something superior? While web 3.0 casinos may not dethrone their traditional counterparts overnight, they could undoubtedly carve a niche for themselves.

In the vast tapestry of existence, all is fleeting, wouldn't you agree? Fads rise and fall, but the value they impart endures. True, some may dip their toes into web 3.0 casinos only to retreat to familiar haunts, but others may discover a fresh sanctuary in the groundbreaking technology web 3.0 proffers. Time, as always, shall be the arbiter.

But if you are asked by someone, will you still choose a web 3.0 casino or choose an old casino that has had all kinds of games for a long time that always accompany you when you want to have fun at gambling?
I'm sure you will answer yes maybe try a few times in web 3.0 casinos but in the end you will return to your favorite casino that has given you pleasure and trust for a long time.
Of course there will always be new models of casinos following the current trends, but old casinos would be the best for me.

and more precisely on new casinos following current trends like web3.
however, casinos that adopt web3 as a current trend are sometimes just for advertising only without fully complying with the web3 protocol. as has happened web3 casinos usually they do not ask for KYC for withdrawals of any amount but there are also web3 casinos which in the end ask their customers to do KYC when they want to withdraw large amounts of funds.

so sometimes the current trends of the casino business don't really implement the web3 protocol and are just advertisements or keywords so that customers who are seeing this kind of trend try at the casino.

The first thing we should know is that, casinos also follow trends, and since the metaverse and web3 protocols become the order of the day, casino games now going on web3 virtual platforms to give players the best experience that will keep them away from other competitors.
So every casino will want to adopt the new trends to make their platform up to date and to meet players' expectations and desires.

Every casino must keep up with developing technological developments so that to become more advanced they will of course develop their casino to be better for convenience and add to the user experience of playing casino with web3 and metaverse technology, moreover many casinos are currently also very light and easy to access using only a mobile browser.

Every casino must keep up with developing technological developments so that to become more advanced they will of course develop their casino to be better for convenience and add to the user experience of playing casino with web3 and metaverse technology, moreover many casinos are currently also very light and easy to access using only a mobile browser.

The first thing we should know is that, casinos also follow trends, and since the metaverse and web3 protocols become the order of the day, casino games now going on web3 virtual platforms to give players the best experience that will keep them away from other competitors.
So every casino will want to adopt the new trends to make their platform up to date and to meet players' expectations and desires.

But if you are asked by someone, will you still choose a web 3.0 casino or choose an old casino that has had all kinds of games for a long time that always accompany you when you want to have fun at gambling?
I'm sure you will answer yes maybe try a few times in web 3.0 casinos but in the end you will return to your favorite casino that has given you pleasure and trust for a long time.
Of course there will always be new models of casinos following the current trends, but old casinos would be the best for me.

-snip-
will we continue to favor the timeworn casinos that have been with us for ages? My answer is a resounding yes! There's an undeniable, heartwarming appeal to these age-old gambling dens that modern casinos just can't recreate. The legacy, unforgettable moments, and unrivaled experiences they offer are truly beyond compare.

However, let's not forget that change is the one thing we can always count on. As technological progress marches on, so will our appetites and demands. Today's avant-garde casinos, embracing contemporary trends, could dish out unparalleled and electrifying experiences that classic casinos simply can't match. The key lies in discovering that sweet spot between treasured tradition and trailblazing innovation.

It is very important for us to know that when it comes to the world of business, we must be ready for the competition that we may get from other partners or competitive companies like our own. The funny part is that many of these casinos want to bear the name of running there companies on web 3 basis. They want more gamblers on there platforms that is why we are seeing the competition of many of those KYC casinos claiming to be on web 3. We need to check web if truly they are or not if we are looking for a true web 3 casinos.

And for me, I see that to be the worst marketing strategy any casino will ever use, claiming to be Web 3.0 when they literally aren't, because from what I know, a web 3.0 casino is meant to be the advanced feature of the world wide web which uses decentralized blockchain technology. But thou moreover I have not used a web 3.0 gambling casino and wish to use one someday, I don't think KYC should be a compulsory necessity for whichever casino claims to be web 3.0, as that's what differentiates it from the ordinarily normally used casinos

The allure of a web3 casino is undeniable, yet humans, as creatures of habit, often gravitate towards the familiar. Intriguing, isn't it, how we're drawn to the known, even when faced with the potential of something superior? While web 3.0 casinos may not dethrone their traditional counterparts overnight, they could undoubtedly carve a niche for themselves.

In the vast tapestry of existence, all is fleeting, wouldn't you agree? Fads rise and fall, but the value they impart endures. True, some may dip their toes into web 3.0 casinos only to retreat to familiar haunts, but others may discover a fresh sanctuary in the groundbreaking technology web 3.0 proffers. Time, as always, shall be the arbiter.

There is nothing worse than deceiving people by making them believe that they are using web3 when they are not, and in any case, if they do that to me I will never go back to that casino and it is because deception is not good. I have not visited any web3 casino, but both that they are named and that it is decentralized because it is something that makes me curious, I do not see what are the advantages of what many speak and say, I think it is the same as a normal casino, then it is better to have a web 3.0 casino to see how it is and compare well.

maybe some people will think it's a scam, but to me it's just marketing done by new casinos or old casinos by taking advantage of the current trend or hype to attract more customers.
currently the trend of web3 and AI ChatGPT is hype and often discussed everywhere and this is what casinos take this opportunity to attract the attention of gamblers who are out there to try something new.
basically sometimes casinos don't use web3 features purely but they might be in the process of implementing these features. so I assume this is not a scam but like a marketing strategy from the casino.

And for me, I see that to be the worst marketing strategy any casino will ever use, claiming to be Web 3.0 when they literally aren't, because from what I know, a web 3.0 casino is meant to be the advanced feature of the world wide web which uses decentralized blockchain technology. But thou moreover I have not used a web 3.0 gambling casino and wish to use one someday, I don't think KYC should be a compulsory necessity for whichever casino claims to be web 3.0, as that's what differentiates it from the ordinarily normally used casinos

Some projects are careless about this and would do anything to attract new players including spreading false information and claiming to be web 3 is one of such mechanisms used by those casinos to deceive potential clients, this is bad because web 3 was developed to be fully decentralized ruining on layer 2 Networks.

-Anyway, we should always be at alart to make sure we read detailed information about the casino networks and rules before we make an account or deposit on them.

Some projects are careless about this and would do anything to attract new players including spreading false information and claiming to be web 3 is one of such mechanisms used by those casinos to deceive potential clients, this is bad because web 3 was developed to be fully decentralized ruining on layer 2 Networks.

-Anyway, we should always be at alart to make sure we read detailed information about the casino networks and rules before we make an account or deposit on them.

In casino world, I think the way to get a good time is to find the most user-friendly casino and gambling platform.

There are several attempts of casino to create a good app, and I think this is the main way for casino companies to raise popularity.

Gambling players are currently required to understand what the actual concept of web-based gambling sites is 3 and must read the TOS at the beginning because many also admit that their sites have adopted Web 3 but end up with KYC

and don't act carelessly and carelessly by filling in a deposit in your gambling account, when you don't really understand the reputation of the gambling site

Gambling players are currently required to understand what the actual concept of web-based gambling sites is 3 and must read the TOS at the beginning because many also admit that their sites have adopted Web 3 but end up with KYC

and don't act carelessly and carelessly by filling in a deposit in your gambling account, when you don't really understand the reputation of the gambling site

We still have some web 3 projects that are truly answering to their name and giving their players the absolute privacy they seek from such projects, but in every good development, there are always a bad eggs which are the ones spoiling the efforts of others.

You should use a casino that's friendly to everybody and can cater to customers' concerns at most times. Having such a feature in a casino, that's gonna make you come back anytime you're out and it just gives you an idea of how good they are based on how you experienced their services.

It is nothing new really, when altcoins began to appear and scammers saw that the developers behind those coins were earning a lot of money they decided to do the same and now we have the market flooded with  those useless coins, the same happened with exchanges, NFTs, decentralized exchanges and all kind of businesses which emerged out of this market, and I do not see why casinos could not suffer the same fate.

Web3 or not, we are still that needing to have that KYc considering that there's no such thing about decentralized or whatsoever except into those sites who do run off blockchain-based type of games.
If a certain site do run off with having providers and other common games that we do have today then it cant really be just that possible.If ever there's some web3 then for sure it would really be
that getting that attention and recognition but making use of this word but doesnt really show off then it would really be just living out that kind of impression which would really be ending up
negatively and if you do ran off a business to be on this way then you would definitely get criticisms instead on getting some users to stay on the site.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

I don't think the gambling site that claimed to be a web 3.0 gambling website misunderstands the concept of Web 3.0. I believe they only apply web 3.0 just to gain more traffic while they only focus on the cryptocurrency and individual non-custodial wallet use on their platform while they ignore the control of personal data and decentralization.

looking at this thread again, I was reminded that every two or three years they always invent something, for example years ago we had the appearance of ICOs, NFTs, there were other things that I can't remember now, and certain casinos took advantage of that , always people deluding themselves, when it was the time of ICOs, some casinos created ICO and raised a lot of money with the promise that the value of your token would be a very high value, but this is all nothing beyond the things that the creators of the casino said for people to believe, deep down the casino owners knew they weren't being very realistic, as a result the casino after some time went bankrupt, I already forgot the names of the casinos that did this

then I saw some casinos with NFT, and again people started to be fooled by the NFT of casinos, some I saw even saw the price going to the moon,, I just think: these guys didn't learn from the past. as if this were not bad enough, then I see casino creating altcoin with promises that people who buy the altcoin from the casino will have many benefits, this is another unrealistic idea, even though it is an unrealistic idea people do not worry about losing money , they buy these altcoins from the casino, now I see web 3.0 another illusion, honestly something illusory always appears, I've even seen things like decentralized casino. I'm wondering what comes next

I don't think the gambling site that claimed to be a web 3.0 gambling website misunderstands the concept of Web 3.0. I believe they only apply web 3.0 just to gain more traffic while they only focus on the cryptocurrency and individual non-custodial wallet use on their platform while they ignore the control of personal data and decentralization.

Any company tries to show a little more about their company in their marketing to get traffic. Use the trending news to attract gamblers to what is currently trending in the market. Nowadays, many casinos claim that their websites are Web 3:0, but in reality they are not completely sure of their claims. So it falls into misrepresentation to register gamblers in any casino by marketing with false claims.

I don't think the gambling site that claimed to be a web 3.0 gambling website misunderstands the concept of Web 3.0. I believe they only apply web 3.0 just to gain more traffic while they only focus on the cryptocurrency and individual non-custodial wallet use on their platform while they ignore the control of personal data and decentralization.

That's not a misunderstanding but gambling that uses web 3.0 as marketing indirectly really really uses a web 3.0 system, only now it's possible they are in gradual development to really implement web 3.0
So this isn't a misunderstanding but more a marketing take advantage of the web 3.0 hype

Agreed,we generally understand that Web3 is a decentralized ecosystem which built on blockchain technology that offers many advantages to casino users. One of the advantages is that they can hide themselves. If KYC is required any web3 casino platform then it is totally against web3. Those sites are not considered to belong to Web3. However, the online casino may use this word to attract the attention of gamblers and their promotion. Transparency, security and efficiency are the main advantages of Web3 without which it cannot be considered as Web3.

Because of this, gamblers now have to be more careful about joining the casino after seeing any promotional event. Kyc is still a big excuse for casinos to trap gamblers in various ways, so no matter how much they promote web 3.0 they won't remove this kyc for their own benefit. So they will do this marketing to use the trending to reach gamblers faster, but they will not actually create a full web 3.0 casino by removing KYC.

Web 3.0 or not 3.0 does not matter much for compliance and law to be honest. These are completely independent topics because the interface or the programming environment can at most implement better tools or make things more natural, but they do not remove the need to comply with all regulations that are in place in the country of the site.

Any company tries to show a little more about their company in their marketing to get traffic. Use the trending news to attract gamblers to what is currently trending in the market. Nowadays, many casinos claim that their websites are Web 3:0, but in reality they are not completely sure of their claims. So it falls into misrepresentation to register gamblers in any casino by marketing with false claims.

I guess it's a part of their marketing strategy to attract many users to their platform. Web 3.0 is the trend now when it's comes to gambling online and one thing that's for most users don't even care to check on these websites claim as they are ignorant of everyother information that is involved in this gambling casinos that claims to be using web 3.0 in their online casino.

You're contradicts yourself, Web 3.0 casino isn't only let anyone to gamble through their non custodial wallet, but they also must not ask anyone KYC, not restrict someone due to blacklisted countries, multiple accounts, VPN usage, and they should be transparent with their total holdings etc.

If the casino only let anyone to gamble through their non custodial wallet and ignore the rest thing, it's just a centralized casino with little improvement.

Each gambling site has their own way of operations if you check down their policy well, everything would have been well stated their, we gamblers don't just have this enough time in going through them, now what you find out about a casino is what they are upto, if you think that does not suit your taste you can go in search for another for better experience, we almost complain on things that were caused by our actions not knowing that it's from us the fault started.

Nowadays web 3.0 gaming platforms have undergone massive changes. Gamblers are heavily attracted to this Web 3.0 to keep themselves safe and gain new gambling experiences. And gambling companies are also using the name Web 3.0 to attract gamblers. Each person will adopt a different approach to marketing strategy. Everyone has full freedom. But if anyone tries to cheat them by using this name it will be considered a crime. A gambler will not choose a new gambling platform just by looking at advertisements. He must check the reviews of various sites about that platform. But such efforts are not unusual. I don't think anything other than a marketing strategy.

Any company tries to show a little more about their company in their marketing to get traffic. Use the trending news to attract gamblers to what is currently trending in the market. Nowadays, many casinos claim that their websites are Web 3:0, but in reality they are not completely sure of their claims. So it falls into misrepresentation to register gamblers in any casino by marketing with false claims.

There aren't a lot of Web 3.0 casinos available out there, maybe one or a couple that I've seen are actually decentralized, and using Web 3.0, providing gamblers the option to connect their wallets without having to register or do anything else. I don't remember the name of the casino offering this but it is available here in the forum.

It is true that most of the projects only use the name to get free advertisement since Web 3.0 is one of the trending topics these days, and people are always looking for places where they can witness Web 3.0 being utilized.

Each gambling site has their own way of operations if you check down their policy well, everything would have been well stated their, we gamblers don't just have this enough time in going through them, now what you find out about a casino is what they are upto, if you think that does not suit your taste you can go in search for another for better experience, we almost complain on things that were caused by our actions not knowing that it's from us the fault started.

usually casinos only add options to access their sites whether using web 3.0 or using accounts such as email and passwords, but so far casinos using web 3.0 are not fully decentralized so they are only used as a marketing trend, after all not many decentralized casinos survive and most of them disappeared because they went bankrupt there weren't many players there.  ;)

So Web3.0 is just another buzzword for the companies to promote their businesses. Few years ago it was "the blockchain" and now it is something else. Back then, the Nasdaq companies were adding blockchain to their business and they were getting pumped immediately. Let's say it was a transportation company and they said "We are now transporting your stuff on a blockchain!!!" boom its stock went up by 20% 30%. Before that ICO was the hot stuff. NFT's went hot for a while too but they died recently so WEB3.0 is  where we are at now. "You should invest in this shit mate it has Web3.0 in it. lambo moon soon"

There aren't a lot of Web 3.0 casinos available out there, maybe one or a couple that I've seen are actually decentralized, and using Web 3.0, providing gamblers the option to connect their wallets without having to register or do anything else. I don't remember the name of the casino offering this but it is available here in the forum.

It is true that most of the projects only use the name to get free advertisement since Web 3.0 is one of the trending topics these days, and people are always looking for places where they can witness Web 3.0 being utilized.

So Web3.0 is just another buzzword for the companies to promote their businesses. Few years ago it was "the blockchain" and now it is something else. Back then, the Nasdaq companies were adding blockchain to their business and they were getting pumped immediately. Let's say it was a transportation company and they said "We are now transporting your stuff on a blockchain!!!" boom its stock went up by 20% 30%. Before that ICO was the hot stuff. NFT's went hot for a while too but they died recently so WEB3.0 is  where we are at now. "You should invest in this shit mate it has Web3.0 in it. lambo moon soon"

But I agree with you that there are lots who just uses the name for free marketing. There are currently not as many Web 3.0 casinos available compared to traditional online casinos. By faking their marketing Web 3.0 casinos, traditional online casinos are just trying to attract users who are interested in the Web 3.0 casino features, even if their platform doesn't actually offer them.

Any company tries to show a little more about their company in their marketing to get traffic. Use the trending news to attract gamblers to what is currently trending in the market. Nowadays, many casinos claim that their websites are Web 3:0, but in reality they are not completely sure of their claims. So it falls into misrepresentation to register gamblers in any casino by marketing with false claims.

You're contradicts yourself, Web 3.0 casino isn't only let anyone to gamble through their non custodial wallet, but they also must not ask anyone KYC, not restrict someone due to blacklisted countries, multiple accounts, VPN usage, and they should be transparent with their total holdings etc.

If the casino only let anyone to gamble through their non custodial wallet and ignore the rest thing, it's just a centralized casino with little improvement.

Many new casinos use web 3.0 casino in their last name and slogan to attract the interest of new users, they just modify the user interface to look like web 3.0 but don't actually use the algorithms from web 3.0, it's all marketing strategy related. Currently many top casino platforms have not yet switched to web 3.0 so don't trust new casinos with the implementation of web 3.0 that it offers to new users, top casinos must have reviewed web 3.0 usage and the team has designed a development planning table for web simulation using web 3.0.

I don't think it was actually that they are not sure about their claims. Web 3.0 is something a cryptocurrency newbie can understand just by doing something research, the goal of the casino that guilt of fake claims is to drive more traffic in a shady way.

It is just surprising that every casinos want to follow the new trend which is web 3 and now that we are in the trend if AI, I know that many of would.want to call themselves AI casino projects. It is just too funny to keep seeing this kind of trend in the gambling section since many casinos are competing with themselves to gain the heart of gamblers.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Many new gambling platform just hype by using  web 3.0 because in the reality far away from web 3.0 meaning about decentralized, almost gambling platform right now required with KYC and not related with their gambling platform slogan about use web 3.0 casino. Seems way how to make many people interested with their gambling platform although fact need and required with KYC submitting for deposit or withdrawing fund.
Just following about which one trending and applicated on gambling platform although their working not relationship anymore how web 3.0 is working.

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

It is just surprising that every casinos want to follow the new trend which is web 3 and now that we are in the trend if AI, I know that many of would.want to call themselves AI casino projects. It is just too funny to keep seeing this kind of trend in the gambling section since many casinos are competing with themselves to gain the heart of gamblers.

Newbies are not interested in researching something new, so they get interested in something when they see it even without knowing details about it. As a result, the various projects believe that what they claim is true, they get the traffic they expect. So marketing with such fake claims will continue and they will also bring traffic to their website.

You are absolutely correct. I believe 80% of all newbies are not interested in doing some research about the fundamental concept of Web 2.0, 2.5, and 3.0. There's no one to be blamed for the naive and this is the exact reason a shady casino that was tagged on this forum still manages to lure the new victim that didn't do some research about the casino before using it.

You are absolutely correct. I believe 80% of all newbies are not interested in doing some research about the fundamental concept of Web 2.0, 2.5, and 3.0. There's no one to be blamed for the naive and this is the exact reason a shady casino that was tagged on this forum still manages to lure the new victim that didn't do some research about the casino before using it.

Always has been. Web 3 was introduced as a decentralized sort of web-browser thingy, but I've seen absolutely zero with regard to its development. Any info that was actually about it was just a bunch of general gibberish that people spout to arouse interest, but no real solid development about it. It's a marketing buzzword only at this point, they probably just use it so that it's applied for their SEO's or something like that in general.

Also pretty sure web3 was before or around NFT's rise? I reckon it's AI's next really.

Why on earth the gambling casinos don't market those things they have and not try to fool the people by using these fancy words like AI, NFT, Web 3.0 etc  ???

Yeah, we may blame it on the laziness on the part of the players to do some extra findings about the casino they're about to make deposits and play on, but that is also a small segment of what really drags people into falling victim to scams most especially newbies, this is because most newbies just go ahead to click any signature with more visibility or higher rank promoting it so this lead me to ask you this question.

If you blame the newbies for not doing and extra research, what about the members but high and low ranks who knownly promote thos scam casinos?

Many new casinos use web 3.0 casino in their last name and slogan to attract the interest of new users, they just modify the user interface to look like web 3.0 but don't actually use the algorithms from web 3.0, it's all marketing strategy related. Currently many top casino platforms have not yet switched to web 3.0 so don't trust new casinos with the implementation of web 3.0 that it offers to new users, top casinos must have reviewed web 3.0 usage and the team has designed a development planning table for web simulation using web 3.0.

You are absolutely correct. I believe 80% of all newbies are not interested in doing some research about the fundamental concept of Web 2.0, 2.5, and 3.0. There's no one to be blamed for the naive and this is the exact reason a shady casino that was tagged on this forum still manages to lure the new victim that didn't do some research about the casino before using it.

If you blame the newbies for not doing and extra research, what about the members but high and low ranks who knownly promote thos scam casinos?

You're right and that's another thing the newbie needs to take into consideration before playing on any casino that's advertised on this forum since the forum doesn't moderate scams and I believe this is to maintain the decentralized and privacy in this forum. However, it's not hard to know about scam casinos on this forum judging by the forum's powerful backlink.

Peering into the future, it's intriguing to consider the potential metamorphosis of the gambling scene in the coming 10 or 20 years. Web 3.0 casinos could become the gold standard, while cutting-edge technologies like VR and AI may turn the tables on how we wager. But here's the burning question: will we continue to favor the timeworn casinos that have been with us for ages? My answer is a resounding yes! There's an undeniable, heartwarming appeal to these age-old gambling dens that modern casinos just can't recreate. The legacy, unforgettable moments, and unrivaled experiences they offer are truly beyond compare.

However, let's not forget that change is the one thing we can always count on. As technological progress marches on, so will our appetites and demands. Today's avant-garde casinos, embracing contemporary trends, could dish out unparalleled and electrifying experiences that classic casinos simply can't match. The key lies in discovering that sweet spot between treasured tradition and trailblazing innovation.

Whether you are newbies or not, It is the sole aim of every gambler to make profits but the problem many gamblers are making is that because of greed, they keep making mistakes that make them lose more than they can chew. The greed of making more money would make them to bet with high odd to increase the winnings which supposed not to be so.

There are many ways to know scam casino and the best way is to check for red trust and other people's opinion on the account.

Well, the future is not yet written, but everything they are talking about in the thread seems to be very promising, for me these casinos will set a standard and after this all the casinos that have been around for many years will have to focus as well to make the respective updates, for example, a casino like stake.com has to take into account all these changes and really things are quite promising, for some reason this looks good, because just as stake.com can catch up with the newest, that will force the casinos to have to do the same.

Of course, greed for making more always makes gamblers bet high so they could win big but it also reduces the number of game ought to play and increase their risk tier.
What we are talking about was not greed but the shady service provided by some casinos to lure new users and the newbie who didn't do adequate research is always their victim.

greed for making more always makes gamblers bet high so they could win big but it also reduces the number of game ought to play and increase their risk tier.
What we are talking about was not greed but the shady service provided by some casinos to lure new users and the newbie who didn't do adequate research is always their victim.

We know greed will only lead us to lose more money. Even the winning money that we have earned can also be lost at the gambling table. This is what we have to avoid to enjoy winning money; if we haven't been able to win, we can also avoid bigger losses. Greed will bring us nothing but losing more money. So we must try to overcome greed and not be tempted by attractive offers provided by casinos so that we can stop just in time.

We know greed will only lead us to lose more money. Even the winning money that we have earned can also be lost at the gambling table. This is what we have to avoid to enjoy winning money; if we haven't been able to win, we can also avoid bigger losses. Greed will bring us nothing but losing more money. So we must try to overcome greed and not be tempted by attractive offers provided by casinos so that we can stop just in time.

We know greed will only lead us to lose more money. Even the winning money that we have earned can also be lost at the gambling table. This is what we have to avoid to enjoy winning money; if we haven't been able to win, we can also avoid bigger losses. Greed will bring us nothing but losing more money. So we must try to overcome greed and not be tempted by attractive offers provided by casinos so that we can stop just in time.

We know greed will only lead us to lose more money. Even the winning money that we have earned can also be lost at the gambling table. This is what we have to avoid to enjoy winning money; if we haven't been able to win, we can also avoid bigger losses. Greed will bring us nothing but losing more money. So we must try to overcome greed and not be tempted by attractive offers provided by casinos so that we can stop just in time.

Greed is a bad trait and it is difficult to avoid when the gambler is always thinking about his previous losses and always chasing defeat.
in cases that often occur, a gambler who chases their losses finds it difficult to be able to control himself and is in danger of running out of all his balance.
Always plan before gambling, it's better.

When a gambler is losing money and they continue to gamble, they are not actually in a state of greed but rather one of fear/grief, because they are chasing losses and do not want to leave the casino with a negative net balance.

When a gambler is losing money and they continue to gamble, they are not actually in a state of greed but rather one of fear/grief, because they are chasing losses and do not want to leave the casino with a negative net balance.

This could also turn into a state of denial which is more dangerous! Some gamblers, especially who have addiction problems, get into a denial state when they start losing big. They usually avoid checking their balance and keep placing bets without checking how much they have left on their wallets. They do this so they can continue playing without feeling bad.
We all know how this always end: a zero balance and few days of sorrow!

Good advice, and the only way to avoid greed is using small portion of your earnings or extra income to gamble, I have never use more than 40$ to gamble in a whole month.

I made more than 40$ per month but this is the extra money that won't be needing, so yes, I can take my eye off the losses if I lose this 40$ every month.

I also don't gamble every day, people do this and I still can't figure out why, gambling shouldn't be an everyday something because losing is a big part of the gambling.

it's not a business or a job, I think this is why some people lost too much to gambling, their expectations about gambling are blinding, and it's also why they get addicted to gambling.

Everythings too much would always be that bad and this is why we should really be making ourselves that fully aware on what are the things that we should really be making up decision for the better.
Greed is something that been part of a human being or simply its a natural behavior or character but there are ones who do tolerate out their greediness into a certain extent which they couldnt be able to
handle it out or stop midway which it do end up on a disaster on things which they couldnt be able to control it out. This is why you should really be that mindful in towards your actions.
Speaking about companies or sites that do divert out and decieve people just to get some attention? Its really a bad idea.

All I've always heard or read about greed is on the negative side of it, everything that have a negative side does also have positive side, no matter how insignificant it seems the positive side is, due to the massive impact the negative side  is making.

Greed, in as bad as it looks, on the negative side, can still push one into winning good amount of money on the positive side.., I was played a crash game, where I set my exit at x200, I was never expecting the game to go beyond x10 or x20 at most, but I set my exit at x200 because it was a small money I felt like loosing, the game started and went further from x10 to x25, x50, at this point, I felt like existing but greed to over me, I left it, at x70, I felt like exiting again, but greed said leave it till x100, I left the game and finally, it arrived at x100, greed said leave it till x200 which Is my automatic exit point, this time, i was no longer comfortable and I exited at x101, made a good profit, the game later crashed at around x302.
So sometimes, greed can really bring some good profit if the player is lucky.

i guess, most of us are guilty of such emotion at one point in our gambling life. as we want to recover from our losses, we keep on playing thinking that we may hit some winnings. but acceptance is also a good virtue to prevent more losses. however, gamblers will only accept such defeat once they have no more bankroll to play with. that's when other options are going thru their minds like borrowing money or selling some assets.
but if you are a responsible gambler, you will always check your vault how much you can spend to your games, and not the other way around. spending first before checking your financials.

We know greed will only lead us to lose more money. Even the winning money that we have earned can also be lost at the gambling table. This is what we have to avoid to enjoy winning money; if we haven't been able to win, we can also avoid bigger losses. Greed will bring us nothing but losing more money. So we must try to overcome greed and not be tempted by attractive offers provided by casinos so that we can stop just in time.

Many new casinos use web 3.0 casino in their last name and slogan to attract the interest of new users, they just modify the user interface to look like web 3.0 but don't actually use the algorithms from web 3.0, it's all marketing strategy related. Currently many top casino platforms have not yet switched to web 3.0 so don't trust new casinos with the implementation of web 3.0 that it offers to new users, top casinos must have reviewed web 3.0 usage and the team has designed a development planning table for web simulation using web 3.0.

While a lot of us would be more attracted with web 3.0 gambling features, but the reality is majority of the top casinos have not reached that far and are still following the current generation of the web. So if we can see casinos advertised as having Web 3.0 features, don’t be deceived easily as it’s only a part of marketing strategy to attract more players to play in their casino site. But eventually, all casinos are really heading there, though it’s still uncertain as to when they will get there.

The web 3.0 casino concept will definitely be developed but so far it's still testing the implementation behind the team's monitor, the team needs time to release the web 3.0 casino and we are waiting for the release of web 3.0 casino from a trusted casino on the forum. Make sure you have to be aware of scam casinos with fake interfaces have implemented in web 3.0, you may have a losing streak at that casino, so don't involve funds in foreign casinos and always option for trusted casinos in forums.

The web 3.0 casino concept will definitely be developed but so far it's still testing the implementation behind the team's monitor, the team needs time to release the web 3.0 casino and we are waiting for the release of web 3.0 casino from a trusted casino on the forum. Make sure you have to be aware of scam casinos with fake interfaces have implemented in web 3.0, you may have a losing streak at that casino, so don't involve funds in foreign casinos and always option for trusted casinos in forums.

definitely, there will be scammers on the loose again. they will always find a way how to jump on the hype. so if you are a user, better check the site meticulously. don't just listen about the feedbacks, check their system itself. are they really practicing the web 3.0 concept?

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Not all gamblers are greed. Some gamblers go away with the little they have made for the day while the greedy ones use the small ones they won in the gambling process and loss all. That is greed because they what to win big a time which is not possible. Those who win big are those who just bet once and relax and monitor their bet. While those who loss always have a multiplication of bet games.

It's true, friend, to choose a good casino, gamblers don't only look at feedback and reviews, but also have to do research and try all the features themselves or check the system to prove whether what is stated on the site is real.
There have been cases where casinos used certain phrases in their promotions to gain the interest of gamblers but when research and research turned out that all that was said in the promotions were just fake extra words that were included only for the personal benefit of the casinos themselves.
I'm not saying that new casinos are all bad but it would be better to participate before things that are not desirable happen because we gamble using our personal money not using the free faucets given by the casino.

Asking for KYC verification for a Casino crypto project is not necessary, even most of the traditional bet bookies for sports betting do not

Anything that has a relationship with “gambling” shouldn’t attach KYC verification to its platform because it places a limitation of which some persons may not be able to reach, so yes, asking for KYC Verification I think is a misinterpretation of what web3 and “gambling” represents in general.

This is a complete misinformation about the purpose of KYC on gambling. Crypto is now being regulated same as fiat due to potential exploit on casino for coin mixing to commit money laundering. KYC is the main requirements for Anti Money Laundering policy given by the license provider to the casino that availing their license for legal purposes. We are now on an era that government is already regulating the use of crypto compared before when crypto is still on the grey area.

Mass adoption incorporates a regulations since many people is already involved. There is no decentralized thing on a business that has a license to operate. Only Bitcoin is the decentralised in crypto and the rest is just a pure bluff.

KYC is selective by casinos and not all the casinos care about using KYC to make betting. There is need for us to always establish rapport with the casino terms of service so that we are going to know what could make us go wrong when using a casino to get things done. Some will not mind using KYC to punish gamblers restraining them from withdrawing funds.

Asking for KYC verification for a Casino crypto project is not necessary, even most of the traditional bet bookies for sports betting do not

Anything that has a relationship with “gambling” shouldn’t attach KYC verification to its platform because it places a limitation of which some persons may not be able to reach, so yes, asking for KYC Verification I think is a misinterpretation of what web3 and “gambling” represents in general.

Web3 or not, we are still that needing to have that KYc considering that there's no such thing about decentralized or whatsoever except into those sites who do run off blockchain-based type of games.
If a certain site do run off with having providers and other common games that we do have today then it cant really be just that possible.If ever there's some web3 then for sure it would really be
that getting that attention and recognition but making use of this word but doesnt really show off then it would really be just living out that kind of impression which would really be ending up
negatively and if you do ran off a business to be on this way then you would definitely get criticisms instead on getting some users to stay on the site.

In my own opinion, I don't think they are using web3 as strategy to get more users to their site.

We must endeavor to know that every casino has it own way of attracting new gamblers, they have to work extra miles to ensure they don't only invite customers but they also retain them to their site, a casino does not need to work base on what they think is best but also have a consideration on the gamblers preferred taste in gambling, customer service should be their ultimate goal and they must ensure they don't promise terms they wouldn't fulfill when gamblers subscribe for them.

If they're not using Web 3.0 as a strategy to get more traffic, they should remove the "Web 3.0" in the first place.

What do you think the reason they're add Web 3.0? other casino which ask the user to gamble through connecting wallet not add Web 3.0 in their page. Web 3.0 casino must be decentralized, high level privacy and transparent. But currently the Web 3.0 casino in this forum are lack of the 3 requirements which I mentioned before.

You should say that asking for KYC verification for a decentralized casino project is not necessary, when it comes to centralized platforms, they have licenses and would definitely require KYC to comply with regulations and AML laws imposed to prevent the businesses from anti-money laundering and other such illegal activities.

When we talk about traditional casinos or sportsbooks, the reason why they didn't require KYC is that there was no such concept back then, KYC was introduced just recently after the rate of illegal activities and cheating was on the rise.

I think people understand that casinos due to their license and the increase on the number of users they serviced thanks to the pandemic are going through a period in which governments are giving them more attention than ever, and as such they need to ask for their gamblers to identify themselves more often and to be more strict on their requirements, but a casino that is supposedly decentralized should never ask for that information, and the moment they do so then we as gamblers lose any incentive we may have had to play there.

Yes, it is a form of anticipation of money laundering that can be done in gambling, I really understand how centralized business mechanisms cannot be decentralized even though they enter the web3 still for the operation of gambling work mechanisms in a country will be asked for a license according to the rules of gambling which is legally valid, except that the government in certain countries does not require gambling business operators to be asked for customer data to verify things that can be manipulated such as money laundering in gambling and they can claim that they are indeed decentralized, but still if they having a parent is tantamount to being centralized.
Today, nothing is decentralized except bitcoin, any business and any project that has a license from the relevant government and has an operational parent means they have a stage somewhere to run their company, meaning they are centralized.
after all their bookies will always be offering something hype to entice their customers they have to have to lie.

I want to understand one thing,I know that there is a lot of talk about money laundering, and that crypto is used and whatever they want, I can understand that part, because I know that in Colombia things are different, and that the "guerrillas" do use bitcoin and cryptocurrencies to move money, that was a story I saw on the news, which Shocked me but did not surprise me, just as crypto and fiat money are used for bad things, there are also good things, now for a casino I don't see it as viable that they can use it for money laundering, Especially with all the Security options they already have.

I think people understand that casinos due to their license and the increase on the number of users they serviced thanks to the pandemic are going through a period in which governments are giving them more attention than ever, and as such they need to ask for their gamblers to identify themselves more often and to be more strict on their requirements, but a casino that is supposedly decentralized should never ask for that information, and the moment they do so then we as gamblers lose any incentive we may have had to play there.

I want to understand one thing,I know that there is a lot of talk about money laundering, and that crypto is used and whatever they want, I can understand that part, because I know that in Colombia things are different, and that the "guerrillas" do use bitcoin and cryptocurrencies to move money, that was a story I saw on the news, which Shocked me but did not surprise me, just as crypto and fiat money are used for bad things, there are also good things, now for a casino I don't see it as viable that they can use it for money laundering, Especially with all the Security options they already have.

If a casino enforces kyc to all its customers plus having some other measures in place such as high wagering requirements before being able to withdraw, not allowing users to withdraw in other coins than the coin which was used when depositing (no internal exchange).. then, you are right, it won't be possible to use such casino for money laundering.
Regardless of how much privacy advocates hate kyc policies, but it's still needed to prevent illicit activities such as money laundering.

If a casino enforces kyc to all its customers plus having some other measures in place such as high wagering requirements before being able to withdraw, not allowing users to withdraw in other coins than the coin which was used when depositing (no internal exchange).. then, you are right, it won't be possible to use such casino for money laundering.
Regardless of how much privacy advocates hate kyc policies, but it's still needed to prevent illicit activities such as money laundering.

Obviously, online casinos were never so popular, but it was only after Covid-19 hit the world and there was pandemic and everyone was in self-quarantine, all public places including casinos were closed down and that is when the rise of online gambling started, people started to find ways to do their usual activities, gambling being one of them, so they stumbled upon online casinos.

When people started paying attention to online casinos, crypto-gambling platforms started to become famous, and ultimately, they have become a new trend now, and that is the reason why authorities are always behind them.

You are right, in 2020-2021 things got very hard all over the world, the jobs, the people who did not have any,many were fired and of course everything Pointed a lot towards online jobs, in that order of ideas is how a great increase in more players in the casinos, how bad it is that they went to the casinos to try to multiply their money, some succeeded,but I think that the majority lost and that was the descandent for the casinos to have such a large number of customers world level,the new users were produced in the casinos,thanks to them some casinos still have many clients.

You are right, in 2020-2021 things got very hard all over the world, the jobs, the people who did not have any,many were fired and of course everything Pointed a lot towards online jobs, in that order of ideas is how a great increase in more players in the casinos, how bad it is that they went to the casinos to try to multiply their money, some succeeded,but I think that the majority lost and that was the descandent for the casinos to have such a large number of customers world level,the new users were produced in the casinos,thanks to them some casinos still have many clients.

Yes, I also remember at that time when the Covid-19 pandemic was still very much in an uproar that swept across the world to the point where it actually caused economic and financial inflation where many people lost their jobs and sources of livelihood.
There are many people who have started to twist their minds by looking for income online and they choose to enter the gambling industry with the aim of making more money with small capital.
But unfortunately not all of them are successful because in reality gambling is not for work and gambling is not a place that can easily be made a place of breadwinners.
And since the pandemic until now, more people are starting to enter the gambling industry.

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

COVID-19 was a difficult moment; many people lost their jobs as a result of the government's massive lockdown; many individuals were rendered jobless, particularly those living in the most afflicted countries. Some turned to online casino and football gambling, betting extra money every day in the hopes of feeding themselves or their families. I've been in that situation before; I know how it feels to be unemployed and to struggle every day just to feed. People are still going through hard circumstances over there, so we shouldn't blame anyone who has become addicted to gambling, all in the name to feed, surviving is winning, if a tight gambler wants to survived, he or she needs to keep constant winning, that's how the whole gambling system works.

If a casino enforces kyc to all its customers plus having some other measures in place such as high wagering requirements before being able to withdraw, not allowing users to withdraw in other coins than the coin which was used when depositing (no internal exchange).. then, you are right, it won't be possible to use such casino for money laundering.
Regardless of how much privacy advocates hate kyc policies, but it's still needed to prevent illicit activities such as money laundering.

Fiat and crypto serve the same thing,

so it's understandable that both are being an instrument for money laundering.
I see the point where crypto gambling is being dragged when we talk about money laundering.

Though just like what you have said, there are safety precaution and rules that the site is using to protect
their business.

Knowing that they are subject to this kind of issues, they needed to comply with the government rules and needed
to make sure that they are open to anything that will clear their business.

It became very difficult for me when the pandemic arrived, I am in a country that is not mine and I had a job that required me to be almost every day, I only had 1 day off, and what I could do was sleep, rest a lot, because sometimes the need to pay for everything is something that has to be immediate, paying rent, buying food is something that will always be for me, so the alternatives were to look for jobs online, do something to support yourself and the other The easiest option was to play in a casino, that was the immediate way out but the most risky, I was tempted to do it but I didn't, I don't know what would have happened to my life depending on my money at that time.

this is why most licensed gambling sites are requiring kyc from their customers especially if they are exceeding their limits. to maintain their license from the jurisdiction of operations, they will surely apply the kyc procedure. because with their license, and when it comes to audit and they saw big numbers without kyc, for sure their license will be put into question.

Basically let's be clear, the kyc are a Requirement of governments and third Parties to know who are the ones who Play and how much they play, how much money they have available to play, spend and win, in order to have them on a list where in the future it can be used to apply Certain taxes that have not been paid during the Duration of what that person has played,that's the Way I see it, a leak of those Documents and that's it, with that they have so that they have the necessary Information for them to do or extort Someone.

during that pandemic surge in my country, i have a lot of neighbors playing online casino not only for fun but also to earn money since most of them lose their jobs or even if they still have work, the problem is the work system in our country became skeletal, which means there are times you can work and then the next week you'll have to rest the whole week. that was their way to accomodate lots of personnel who still wanted to work and support their families. i was also tempted to play casino but I decided to scour the internet at that time to find more opportunities although i can clearly see that the opportunities are very low and the competition increases tremendously.

Fiat and crypto serve the same thing,

so it's understandable that both are being an instrument for money laundering.
I see the point where crypto gambling is being dragged when we talk about money laundering.

Though just like what you have said, there are safety precaution and rules that the site is using to protect
their business.

Knowing that they are subject to this kind of issues, they needed to comply with the government rules and needed
to make sure that they are open to anything that will clear their business.

I don't see how gambling can be a way for them to earn a livelihood even if it's for a very short period of time. If they work a whole week to earn a few bucks and then spend it on gambling, how are they supposed to eat food and have other basic necessities that can only be completed by using money? Since there is no guarantee that they won't lose in gambling.

If I have a family, I earn $50 a week and spend $30 from that on gambling only in the hope of earning something extra and managing to lose it all, I will have to survive the whole week since I don't have any other source of income.

Let be honest here a casino can not act the function of government agencies in the control of scam related to money laundering when the AML agencies themselves couldn't control the overall challenges with scam related loots from exchanges, to an extent some of the KYC casinos also serve a little function of an exchange since you can deposit your money with them, exchange it for another currency as long as their site policy support it.

COVID-19 was a difficult moment; many people lost their jobs as a result of the government's massive lockdown; many individuals were rendered jobless, particularly those living in the most afflicted countries. Some turned to online casino and football gambling, betting extra money every day in the hopes of feeding themselves or their families. I've been in that situation before; I know how it feels to be unemployed and to struggle every day just to feed. People are still going through hard circumstances over there, so we shouldn't blame anyone who has become addicted to gambling, all in the name to feed, surviving is winning, if a tight gambler wants to survived, he or she needs to keep constant winning, that's how the whole gambling system works.

If a casino enforces kyc to all its customers plus having some other measures in place such as high wagering requirements before being able to withdraw, not allowing users to withdraw in other coins than the coin which was used when depositing (no internal exchange).. then, you are right, it won't be possible to use such casino for money laundering.
Regardless of how much privacy advocates hate kyc policies, but it's still needed to prevent illicit activities such as money laundering.

However, what is done in such conditions can actually worsen the economic or financial situation because they decide to gamble to get some money so they can support their family.
I know how I feel because at that time I also lost my job and had a business crash so my mind was always looking for ways to turn a little money into more even if what I did was wrong.
Yes and I don't blame anyone for gambling addiction because it is a choice and I'm sure they must have considered everything but due to economic factors and demands one way or another it will be done.

But in reality, many people from all over the world are involved in gambling during the Covid-19 pandemic.

X

Is web 3 a misunderstanding word for some gambling crypto projects? I've come across few gambling / crypto projects that claimed to be a web 3.0 online casino and other but they still ask for KYC.

The definition of web 3.0 had everything to do with decentralization, block chain technology and token based economics as per what Wikipedia illustrated so why is identity/ verification integrated?

Is this just a misunderstanding of what web 3 actually is? Or it's a way to attract people/users to make them think that their platform is more advanced?.

Let be honest here a casino can not act the function of government agencies in the control of scam related to money laundering when the AML agencies themselves couldn't control the overall challenges with scam related loots from exchanges, to an extent some of the KYC casinos also serve a little function of an exchange since you can deposit your money with them, exchange it for another currency as long as their site policy support it.

Thus, unfortunately, the owners, those who wash money will always find a way of mockery of the authorities, and as always the authorities will always be late for their conclusions and will be far from all real, however as I said before, the Money laundering have to be rookie criminals, most of them when it comes to money laundering use other ways, corrupt governments will always wash money and not use the casinos for the demands they have of them, so I say, wash of money through casinos? It is like the fantasy that the CIA has, FBI to grab them there.

This thread always talks about how it is possible to launder money, and I have little experience in this matter, which makes me think that how can they launder money with casinos if they require KYC, for example a player who You want to launder money, deposit 20 thousand usd in cryptocurrencies, I imagine you have to bet I don't know 5% and from there if you lose it, you still withdraw it? because the KYC requirement is something quite strong, anyone cannot enter with such a large amount and then withdraw it to another wallet, that is what I think of those who launder money, that it must be very difficult.

This thread always talks about how it is possible to launder money, and I have little experience in this matter, which makes me think that how can they launder money with casinos if they require KYC, for example a player who You want to launder money, deposit 20 thousand usd in cryptocurrencies, I imagine you have to bet I don't know 5% and from there if you lose it, you still withdraw it? because the KYC requirement is something quite strong, anyone cannot enter with such a large amount and then withdraw it to another wallet, that is what I think of those who launder money, that it must be very difficult.

People gambling to earn money is a serious issue. The best form of gambling should be for fun and when money comes, you take it as a compensation for time spent. Having little money and heavily involving in gambling is a time bomb waiting for explosion.
I have wanted to involve in serious gambling but later withdrew my intention because it is not yet time.
I will fully involve in gambling when I am super super rich. By this time, I wouldn't have to check my account balance each time I gamble. When you attain that level, it is when you will enjoy the act of gambling.

This thread always talks about how it is possible to launder money, and I have little experience in this matter, which makes me think that how can they launder money with casinos if they require KYC, for example a player who You want to launder money, deposit 20 thousand usd in cryptocurrencies, I imagine you have to bet I don't know 5% and from there if you lose it, you still withdraw it? because the KYC requirement is something quite strong, anyone cannot enter with such a large amount and then withdraw it to another wallet, that is what I think of those who launder money, that it must be very difficult.

If people think of getting money from gambling, they will experience disappointment and frustration because they will not always be able to earn it. They must think of gambling as a way to get fun and entertainment so they will not think about winning from playing gambling.

If they could have self-control during gambling and always remember that gambling cannot always make money, they would have been able to restrain themselves from spending a lot of money. And if you are already rich, you should not gamble too often and it is better to focus on making money from other places to increase your wealth.

That is just the theoretical aspect of it we preach. But in reality, people join gambling because their relatives, friends or someone they know won big through gambling. This news will attract them to gambling, with the mindset that if my friend can win big in gambling, I can also win big. Nonetheless, my friend is not luckier than me.

Here, one bad habit of some gamblers is their spending habit. Whenever they have a big win, they will forget how they have been losing for months without win. They will then see their winning as a free money and blow it overnight.

This thread always talks about how it is possible to launder money, and I have little experience in this matter, which makes me think that how can they launder money with casinos if they require KYC, for example a player who You want to launder money, deposit 20 thousand usd in cryptocurrencies, I imagine you have to bet I don't know 5% and from there if you lose it, you still withdraw it? because the KYC requirement is something quite strong, anyone cannot enter with such a large amount and then withdraw it to another wallet, that is what I think of those who launder money, that it must be very difficult.

KYC, that sweet-sour dance between legit gambling sites and players! Sure, it's a mandate from the powers that be, but what if there's a secret plot? On the surface, it's about following rules, keeping licenses. But what if they're collecting dossiers on our habits, ready to spring tax traps? A financial watchlist – exciting! And don't forget data leak risks. One misstep, and boom! Our precious info in the hands of bad guys. It's like offering a jackpot of personal data to mischief-makers. What a game!