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Author Topic: Why do you still want to play fake web2 casinos? Why we choose web3 casinos  (Read 1035 times)
khaled0111
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July 13, 2023, 11:59:47 PM
 #161

Till now I don't understand what a web3 casino means!
What's the difference between a web3, as you say, and a web 3 casino?
The only difference that I have noticed that on a web3 casino you can register with your web3 wallet. What are the other differences? Can any one explain to us what is a web3 casino? From there, we can discuss why we prefer web3 or web2 casinos.

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tusandii
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July 14, 2023, 04:18:09 AM
 #162

very well-said. if the regular crypto casinos like stake is not to be trusted, then they won't get high number of players who are as well high rollers. these seemingly web 3 casinos should just accept the competition in this market. and a lot of gamblers are still opting for regular crypto casinos where they can see the gambling license at a glance and can easily reach out the customer service. and besides, most casinos claiming to be web 3.0 are not really web 3.0 but as they are not totally decentralised in nature.
Web3-based casino sites cannot if they have to compete with ordinary crypto casinos in general because from time to time since the emergence of web3 there have been some problems regarding the regulations and also how they work, although not all web3 casinos have problems but in reality most gamblers still don't trust for web casino3.
Some web3 casinos can't even provide services like they should be on the web3 base, so it's only natural that gamblers still have doubts about playing there.
Decentralized is just a phrase that they include when promoting, but in fact, when we research in detail, decentralization cannot be found correctly.

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FinneysTrueVision
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July 14, 2023, 04:34:00 AM
 #163

The only advantage I can see for a web3 casino would be the NO KYC aspect. Gamblers who value their privacy might want to consider this option. I have never used a web3 casino but if you are betting on-chain directly I can potentially see issues with it being to slow and expensive. Even layer 2 blockchains can have high fees and face congestion which don't make it ideal for really small transactions. If a popular casino like Stake moved their entire userbase to an on-chain casino, that blockchain would slow to a crawl and fees would skyrocket. I wouldn't want to make a $5 bet and end up having to wait hours for a confirmation and pay $10 in gas fees.

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July 14, 2023, 09:39:29 AM
 #164

The only advantage I can see for a web3 casino would be the NO KYC aspect. Gamblers who value their privacy might want to consider this option. I have never used a web3 casino but if you are betting on-chain directly I can potentially see issues with it being to slow and expensive. Even layer 2 blockchains can have high fees and face congestion which don't make it ideal for really small transactions. If a popular casino like Stake moved their entire userbase to an on-chain casino, that blockchain would slow to a crawl and fees would skyrocket. I wouldn't want to make a $5 bet and end up having to wait hours for a confirmation and pay $10 in gas fees.
I doubt that because we know that the government can pressure any business that hasn't asked its users to do KYC. So if the web3 casino hasn't asked its users to do KYC, it's only a matter of time and could happen anytime. The transaction will likely experience a bottleneck when there is a wave of transactions made by many users due to momentary panic and that has happened before.

People may still play at web2 casinos because they already feel they know the casino more closely and don't find any difficulties. That's why they still use web2 casino to play gambling and are not asked to do KYC by the casino.

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July 14, 2023, 10:43:18 AM
 #165

very well-said. if the regular crypto casinos like stake is not to be trusted, then they won't get high number of players who are as well high rollers. these seemingly web 3 casinos should just accept the competition in this market. and a lot of gamblers are still opting for regular crypto casinos where they can see the gambling license at a glance and can easily reach out the customer service. and besides, most casinos claiming to be web 3.0 are not really web 3.0 but as they are not totally decentralised in nature.
Web3-based casino sites cannot if they have to compete with ordinary crypto casinos in general because from time to time since the emergence of web3 there have been some problems regarding the regulations and also how they work, although not all web3 casinos have problems but in reality most gamblers still don't trust for web casino3.
Some web3 casinos can't even provide services like they should be on the web3 base, so it's only natural that gamblers still have doubts about playing there.
Decentralized is just a phrase that they include when promoting, but in fact, when we research in detail, decentralization cannot be found correctly.

When the time that web3 succeed to take over the scene and web2 will be outdated for sure those reputable casino will shift to web3. And they can gain more hype for their casino for adopting the changes so most provably that their current costumers will stay then continue to play those games together with the promotions they can offer.

If we talk about right now maybe people have doubts about those new web3 casino since reputation is more important rather those new implementation that's one of the reason why we see those reputable casino still using web2 since they didn't find any pressure to rush all things since they are still doing fine with current one.

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July 14, 2023, 02:17:12 PM
 #166

~snip~
It's not hard to create another wallet for this purpose only. But, Maintaining a couple of wallets and sending money from one to another every time I play is a waste of time, to be honest. But it could pay off if I get something special from web3 casinos. I asked myself what I would get from web3 casinos? There are not too many platforms available yet. I am unable to choose which one is the best.
It's just one of the solutions that you can use to avoid fraud or bad things so that you will be calm when connecting your personal wallet to the web3 casino. But if you think it's a waste of time, you can still play at web2 or web3 casinos using your usual login email and password. Indeed, there are not many platforms available yet, but maybe there will be more platforms in the future where web2 casinos will tighten the rules so that gamblers want to avoid verifying their identity.
Web3 casino games will take time to get everything up and running because it's new. Web2 evolved due to the huge demand for easy access to casino games, which enabled users to consume and create their own content but also greatly aided casino gaming. Now, this web of the future known as Web3 has emerged as a new concept. The latest iteration of Web2 will only allow users to consume and create content and data. And although gambling platforms have strict rules, it is possible to use and gain access.

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July 15, 2023, 05:23:24 AM
 #167

The only advantage I can see for a web3 casino would be the NO KYC aspect. Gamblers who value their privacy might want to consider this option. I have never used a web3 casino but if you are betting on-chain directly I can potentially see issues with it being to slow and expensive. Even layer 2 blockchains can have high fees and face congestion which don't make it ideal for really small transactions. If a popular casino like Stake moved their entire userbase to an on-chain casino, that blockchain would slow to a crawl and fees would skyrocket. I wouldn't want to make a $5 bet and end up having to wait hours for a confirmation and pay $10 in gas fees.
Those definitely are potential issues related to web3 casinos, and on top of that, one more disadvantage of web3 casinos is that you don't have the option of using a lot of different cryptocurrencies for betting, there can hardly be about 2 or 3 coins that you can use for on-chain betting which might stop a lot of people from using a web3 casino platform because every user has a different preference when it comes to cryptocurrencies used for gambling.

And KYC won't really be an advantage in the future because authorities are already looking for ways to start regulating decentralized platforms and if that happens, these casinos along with decentralized exchanges will all be regulated and work under licenses, and then they will be compelled to ask their users to complete KYC verification.

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July 15, 2023, 12:52:57 PM
 #168

~snip~
Web3 casino games will take time to get everything up and running because it's new. Web2 evolved due to the huge demand for easy access to casino games, which enabled users to consume and create their own content but also greatly aided casino gaming. Now, this web of the future known as Web3 has emerged as a new concept. The latest iteration of Web2 will only allow users to consume and create content and data. And although gambling platforms have strict rules, it is possible to use and gain access.
Yes, indeed, web3 casinos still need time to be launched, but it seems that there are already web3 casinos already operating and promoting their casinos. It may be the newest concept of crypto casino to attract more users, but if there are no advantages offered, it seems it will be the same as web3 casino. And if, in the future web3 casino is the same as web2 casino, likely, users will still play at web2 casino because they have found the casino that suits them.
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