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Author Topic: Quick Survey: why do you specifically use crypto to gambooool ?  (Read 1297 times)
ethereumhunter
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April 23, 2022, 08:56:59 AM
 #141

in most of the cases you are required to complete the KYC the exact moment you go for a large withdrawal Roll Eyes , so you can rest assured you will not leave their casino so easily Wink
or it's required if you are connected from different countries...or you have win "thanks to radar betting" ... and so on...

practically 95% of the casinos but maybe even more or less,  have in their terms and conditions the possibility to ask you for a KYC at their discretion... it is always an event to take into consideration  Cool
If we don't want to complete KYC, we don't need to use big money or make big withdrawals. That is our advantage in gambling at the casino to avoid KYC. Well, so it all comes back to you, whether you want to complete KYC to satisfy your gambling cravings and make big withdrawals or you choose to play for a small amount of your bankroll and have no problem withdrawing small amounts.

Of course, the government will impose its will in any area it can reach. The meaning of decentralization is precisely this - if we cannot defeat cancer in direct confrontation, we are looking for a way where this cancer has no power and there is not even a "representative" of the project on which to put pressure. An ideal decentralized project would be just that.
The government can easily impose its will on something within its territory. It seems that casinos need to keep their business away from the relevant government so that the government can't just do what they want. But don't forget that licensed casinos are also likely to be asked for information about their members spending big money. So it's a decentralized casino that likely won't come under heavy pressure from the government.

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Oasisman
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Rollbit


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April 23, 2022, 09:29:30 AM
 #142

Most points here center on anonymity, and I do agree with that. It's one of the features that most gamblers are looking for since it's hard for them to mask their gambling activities online with just credit cards. Also, everything with crypto is just fast without any approvals from a third-party needed, and no one can block your crypto if they found out that you are gambling online. It's basically just leaps ahead from fiat gambling and it''s just better in lots of aspects.

Basically yeah, If you gamble just within the minimum range limit for the gambling website before they get alerted of how huge the money you're gambling to their website.
Because, some reputable crypto casinos requires KYC when you're gambling with huge amount of money.
Nevertheless, what you have mentioned were true and are the main advantage of a crypto casino compared to some fiat based online casino.

R


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bitbollo
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April 23, 2022, 03:33:27 PM
 #143

in most of the cases you are required to complete the KYC the exact moment you go for a large withdrawal Roll Eyes , so you can rest assured you will not leave their casino so easily Wink
or it's required if you are connected from different countries...or you have win "thanks to radar betting" ... and so on...

practically 95% of the casinos but maybe even more or less,  have in their terms and conditions the possibility to ask you for a KYC at their discretion... it is always an event to take into consideration  Cool
If we don't want to complete KYC, we don't need to use big money or make big withdrawals. That is our advantage in gambling at the casino to avoid KYC. Well, so it all comes back to you, whether you want to complete KYC to satisfy your gambling cravings and make big withdrawals or you choose to play for a small amount of your bankroll and have no problem withdrawing small amounts.

Of course, the government will impose its will in any area it can reach. The meaning of decentralization is precisely this - if we cannot defeat cancer in direct confrontation, we are looking for a way where this cancer has no power and there is not even a "representative" of the project on which to put pressure. An ideal decentralized project would be just that.
The government can easily impose its will on something within its territory. It seems that casinos need to keep their business away from the relevant government so that the government can't just do what they want. But don't forget that licensed casinos are also likely to be asked for information about their members spending big money. So it's a decentralized casino that likely won't come under heavy pressure from the government.

yes, but on balance ... Just because we are talking about small figures, what would be the reason not to do KYC ?! ok privacy but in the end nothing changes according to my point of view

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KTChampions
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April 23, 2022, 04:54:19 PM
 #144

Of course, the government will impose its will in any area it can reach. The meaning of decentralization is precisely this - if we cannot defeat cancer in direct confrontation, we are looking for a way where this cancer has no power and there is not even a "representative" of the project on which to put pressure. An ideal decentralized project would be just that.
The government can easily impose its will on something within its territory. It seems that casinos need to keep their business away from the relevant government so that the government can't just do what they want. But don't forget that licensed casinos are also likely to be asked for information about their members spending big money. So it's a decentralized casino that likely won't come under heavy pressure from the government.

There are two fundamental ways out of the situation: resist or run. Decentralized applications are the second option and it seems to be good, but still, sooner or later, you need to resort to the first option, since the government will be able to reach you everywhere and no technical progress will save you.

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Fatunad
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April 23, 2022, 08:56:48 PM
 #145

Most points here center on anonymity, and I do agree with that. It's one of the features that most gamblers are looking for since it's hard for them to mask their gambling activities online with just credit cards. Also, everything with crypto is just fast without any approvals from a third-party needed, and no one can block your crypto if they found out that you are gambling online. It's basically just leaps ahead from fiat gambling and it''s just better in lots of aspects.

Basically yeah, If you gamble just within the minimum range limit for the gambling website before they get alerted of how huge the money you're gambling to their website.
Because, some reputable crypto casinos requires KYC when you're gambling with huge amount of money.
Nevertheless, what you have mentioned were true and are the main advantage of a crypto casino compared to some fiat based online casino.
Most of the time but it would only be dont initially and the rest of the time or on the time you had already complied then you wont really be asked out and speaking with
main differences then we could obviously able to point it out whether you are just a new user of these online gambling crypto casinos compared to fiat ones.
This is way more simpler and anonymous but of course there would be some sort of limitations or verifications once you do hit up a particular limit or maximum.

R


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April 23, 2022, 09:13:53 PM
 #146

Most points here center on anonymity, and I do agree with that. It's one of the features that most gamblers are looking for since it's hard for them to mask their gambling activities online with just credit cards. Also, everything with crypto is just fast without any approvals from a third-party needed, and no one can block your crypto if they found out that you are gambling online. It's basically just leaps ahead from fiat gambling and it''s just better in lots of aspects.

Basically yeah, If you gamble just within the minimum range limit for the gambling website before they get alerted of how huge the money you're gambling to their website.
Because, some reputable crypto casinos requires KYC when you're gambling with huge amount of money.
Nevertheless, what you have mentioned were true and are the main advantage of a crypto casino compared to some fiat based online casino.
Maybe that is why it works for many crypto casinos to exist and still be profitable. This way gamblers can split their gambling activity among several platforms, instead of focusing all their funds into a single site, where it would light up a red alert, leading the casino to ask for KYC procedure before withdrawing the money.
Many casinos disponible on the crypto scene allows regular big gamblers to stay under the radar, if they wish and if anonymity is an important factor for them.

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April 24, 2022, 09:03:38 AM
 #147

There are two fundamental ways out of the situation: resist or run. Decentralized applications are the second option and it seems to be good, but still, sooner or later, you need to resort to the first option, since the government will be able to reach you everywhere and no technical progress will save you.
I choose to run or get out of the game for the time being if the government really pushes its will and continues to put pressure on the casinos. But while out of the game, we can also look for other casinos that really have nothing to do with the government or casinos implementing a small part of the verification that will not burden us. I think that will give us some time to search for the other casino that still supports the gambler who is concerned about privacy.

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April 24, 2022, 09:57:20 PM
 #148

There are two fundamental ways out of the situation: resist or run. Decentralized applications are the second option and it seems to be good, but still, sooner or later, you need to resort to the first option, since the government will be able to reach you everywhere and no technical progress will save you.
I choose to run or get out of the game for the time being if the government really pushes its will and continues to put pressure on the casinos. But while out of the game, we can also look for other casinos that really have nothing to do with the government or casinos implementing a small part of the verification that will not burden us. I think that will give us some time to search for the other casino that still supports the gambler who is concerned about privacy.

It probably makes sense from the point of view of practicality, but in the end there will simply be no places where you can run away. Although it may not be so tragic and "there will be enough while we alive" of various opportunities, but watching how events develop in all areas, I am rather skeptical about the future.

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April 25, 2022, 07:12:15 AM
 #149

Basically yeah, If you gamble just within the minimum range limit for the gambling website before they get alerted of how huge the money you're gambling to their website.
Because, some reputable crypto casinos requires KYC when you're gambling with huge amount of money.
Nevertheless, what you have mentioned were true and are the main advantage of a crypto casino compared to some fiat based online casino.
Even not that huge as long as they've found that there's something wrong with that transfer, I don't know how they would find that out but there must be a way. They'll still ask you for a KYC if they think like that.
To sum it up about the advantage of using crypto to gamble, it's true about being anonymous and it's easier than the usual transfer that we've been doing from fiat and physical casinos.

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April 29, 2022, 03:05:47 PM
 #150

I mean, I am against KYC and I love betting; I could make some money gambling; but 99% of reply in this thread are from crypto casinos.
I believe it is obvious they take a part on the matter. The scam is around the corner as well.
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June 23, 2022, 03:53:11 PM
 #151

Hello Degens

I am doing a little research on WHY people are betting /gambling online with btc/crypto from various countries/states worldwide, and was hoping bitcointalk members  can be of some assistance.
I would specifically like to know (if you happen use crypto to gamble online) why you do so.

eg is it because you:
  • can pay Less vig in some cases?
  • wider game selection can gamble on games like minesweeper, paper rock scissors and other novelty games?
  • "provably fair" games
  • cannot bet in your current location
  • crypto sites might offer markets unavailable elsewhere
  • others ?

any info appreciated, if you can give me your state/country that would be helpful too for context.
I will happily publish the results of the survey later ITT if anyone is interested/cares.

Thanks


everyone has their own reasons but if you are involved in this industry and besides that you like gambling games, do you choose fiat or crypto?  for other reasons in some countries gambling is illegal and many community members choose crypto because it is more convenient without having to register your bank account, there are many reasons why and you have answered some of your questions yourself.

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