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[darewaller]

Freedom of speech is not absolute. Google it. So, to keep order in our society, we have to give up our freedom to say some things. Same here with KYC on gambling sites. In order to stop money laundering, financing of terrorism and some other bad stuff we agree to give up some of our privacy. Just a little bit of it, actually. Because no one is gonna see your KYC data unless there is a police warrant.

I tend to agree since more and more we're already losing privacy due to governments, anyone even posted his address and where's his live in social media lol. I mean, they're self exposing their privacy and I think it's already become a normal habit due to flex life style. I don't think there's so much difference between centralized exchanges and casinos, after all it's had relation with crypto. If anyone really had 100% privacy concern, why they're playing on centralized casino?

I mean just the images that we post to instagram would be cool enough for any governmental agency. Just manage to do something like government tracking of people and appointing which instagram is owned by which citizen and you got yourself such a big data that you would be going crazy.

I am not saying that it will be like that forever but it is definitely not something that I would be unwilling to wager they are not already doing. At the end of the day, just focus on the fact that KYC is a big deal of course but only if you are hiding something, if you have nothing to hide then there is no reason why not share everything you could be sharing about yourself with the proper places (not with scammers of course).

[1714468615]

1714468615

[pawanjain]

The only difference on people in social was they don’t care about privacy while people on crypto are those user that very private and doesn’t post personal details there. We can assume that the majority of crypto user preferred to become private that’s why they choose to use crypto instead of the normal fiat online casino. I agree that there’s no 100% privacy because of the regulators always want know all the customers on all business. Time will come that crypto currency and casino will not gonna enjoy same privacy like we are experiencing right now.

But I see a lot on social media, especially Facebook, that provides information about crypto, there are even some of them that provide analysis about crypto.
When they use social media, they are trying to attract people in their circle of friends to join so that they often share their activities using crypto.
Maybe those who often play crypto gambling do not too often share their moments when playing gambling because it will depend on how their government regulates it.
But I think now, privacy has no meaning anymore because with so many people sharing their moments enjoying their time, it means that what they share has become public consumption.

In my opinion there are 3 kinds of people posting about crypto on social media.

1. The people who wants to earn something by getting referrals on platforms they are on
2. Scammers who want to lure newbies into some kind of get rich quick scheme and scam them
3. Influencers providing analysis because they have bought those coins and want it to spike and profit out of it

Other than this there won't be anybody posting about crypto on social media if they are true crypto users.

[Solosanz]

In my opinion there are 3 kinds of people posting about crypto on social media.

1. The people who wants to earn something by getting referrals on platforms they are on
2. Scammers who want to lure newbies into some kind of get rich quick scheme and scam them
3. Influencers providing analysis because they have bought those coins and want it to spike and profit out of it

Other than this there won't be anybody posting about crypto on social media if they are true crypto users.

Though you're correct, but there are some of my friends really posted about crypto on their social media just to make people jealous and they're not get anything beside got asked how to become like them. Is there none of your friends doing this?

The signs of number 1 is they're posted his referrals, the number 2 they're promise to pay good return and it's usually come from brand new account, the number 3 they're record on Youtube where they will get money through adsense.

[worle1bm]

The only difference on people in social was they don’t care about privacy while people on crypto are those user that very private and doesn’t post personal details there. We can assume that the majority of crypto user preferred to become private that’s why they choose to use crypto instead of the normal fiat online casino. I agree that there’s no 100% privacy because of the regulators always want know all the customers on all business. Time will come that crypto currency and casino will not gonna enjoy same privacy like we are experiencing right now.

But I see a lot on social media, especially Facebook, that provides information about crypto, there are even some of them that provide analysis about crypto.
When they use social media, they are trying to attract people in their circle of friends to join so that they often share their activities using crypto.
Maybe those who often play crypto gambling do not too often share their moments when playing gambling because it will depend on how their government regulates it.
But I think now, privacy has no meaning anymore because with so many people sharing their moments enjoying their time, it means that what they share has become public consumption.

In my opinion there are 3 kinds of people posting about crypto on social media.

1. The people who wants to earn something by getting referrals on platforms they are on
2. Scammers who want to lure newbies into some kind of get rich quick scheme and scam them
3. Influencers providing analysis because they have bought those coins and want it to spike and profit out of it

Other than this there won't be anybody posting about crypto on social media if they are true crypto users.

The second and third percentage is high on social platforms like Twitter because they want to make themselves popular over these platforms and scammers are trying to attract more victims towards them and gain their confidence by making them deposit money into fake coins and their own addresses so be aware about them.Gaining knowledge through social media is hard these days because most of them post wrong analysis according to their own profits.

[serjent05]

In my opinion there are 3 kinds of people posting about crypto on social media.

1. The people who wants to earn something by getting referrals on platforms they are on
2. Scammers who want to lure newbies into some kind of get rich quick scheme and scam them
3. Influencers providing analysis because they have bought those coins and want it to spike and profit out of it

Other than this there won't be anybody posting about crypto on social media if they are true crypto users.

I highly agree that it is for money why people are posting about cryptocurrency on social media.  If there is no chance to make money on these coins then there is no purpose in posting them.  Even developers create projects for monetary gain.  If you have not noticed, there are lots of cryptocurrency project that has no initial budget had been launched asking for crowdfunding.  

Anyway, what is the connection of this discussion to Duelbits?

[Betwrong]

Freedom of speech is not absolute. Google it. So, to keep order in our society, we have to give up our freedom to say some things. Same here with KYC on gambling sites. In order to stop money laundering, financing of terrorism and some other bad stuff we agree to give up some of our privacy. Just a little bit of it, actually. Because no one is gonna see your KYC data unless there is a police warrant.

I tend to agree since more and more we're already losing privacy due to governments, anyone even posted his address and where's his live in social media lol. I mean, they're self exposing their privacy and I think it's already become a normal habit due to flex life style. I don't think there's so much difference between centralized exchanges and casinos, after all it's had relation with crypto. If anyone really had 100% privacy concern, why they're playing on centralized casino?

Maybe we are not there yet, but I think in the future , trying to avoid gambling platforms with KYC can be dangerous. Scammers will be trying to exploit this, almost irrational, fear of losing privacy, offering platforms with no KYC.

~ Because no one is gonna see your KYC data unless there is a police warrant.

KYC has been major concern in the crypto space because people want to be anonymous so they were playing in this crypto world but then under the AML policies and all that stuff KYC was implemented so if we continue to gamble then we have to comply with the rules of that casino but this is threat to our privacy if some data breach happen our information is at risk and who knows when they see the documents.

I'm not trying to say that there's no risk, but normally your KYC data is encrypted, as far as I know.

[Lucasgabd]

Freedom of speech is not absolute. Google it. So, to keep order in our society, we have to give up our freedom to say some things. Same here with KYC on gambling sites. In order to stop money laundering, financing of terrorism and some other bad stuff we agree to give up some of our privacy. Just a little bit of it, actually. Because no one is gonna see your KYC data unless there is a police warrant.

I tend to agree since more and more we're already losing privacy due to governments, anyone even posted his address and where's his live in social media lol. I mean, they're self exposing their privacy and I think it's already become a normal habit due to flex life style. I don't think there's so much difference between centralized exchanges and casinos, after all it's had relation with crypto. If anyone really had 100% privacy concern, why they're playing on centralized casino?

I mean just the images that we post to instagram would be cool enough for any governmental agency. Just manage to do something like government tracking of people and appointing which instagram is owned by which citizen and you got yourself such a big data that you would be going crazy.

I am not saying that it will be like that forever but it is definitely not something that I would be unwilling to wager they are not already doing. At the end of the day, just focus on the fact that KYC is a big deal of course but only if you are hiding something, if you have nothing to hide then there is no reason why not share everything you could be sharing about yourself with the proper places (not with scammers of course).

but still this is a dangerous way to think (I'll give up privacy because I have nothing to hide)
because of many things:
everyone has something to hide (even if just their private keys)
you may have nothing to hide now but have something to hide in the future
it's hard to conquer privacy again if we give up on it completely

[Eureka_07]

<snip>
KYC has been major concern in the crypto space because people want to be anonymous so they were playing in this crypto world but then under the AML policies and all that stuff KYC was implemented <>

KYC is implemented much broader in today's settings. This is because these entities (crypto casinos) do wants to get licensed,  hence it will be regulated by a governing body, another domino effect is the KYC implementation. I must say that now I have more trust on casinos that has legitimate license than those that do not own any. You can't chase and lawsuit those casinos which you do not even know if ever you will be in the scenario in which you haven't paid, fooled, cheated, etc.

[erep]

Maybe we are not there yet, but I think in the future , trying to avoid gambling platforms with KYC can be dangerous. Scammers will be trying to exploit this, almost irrational, fear of losing privacy, offering platforms with no KYC.

All require the process of implementing KYC regulations like in previous exchange platforms, everyone refuses to provide personal data but when the top exchange raises the status of the obligation to verify KYC to access deposits and withdrawals, the other alternative is to just trade on other lower volume exchanges. So gambling platforms must ensure that KYC is harmless and will not be misused for negative purposes, ensure that user data can be encrypted and stored in external data (not online) to increase the security system from hackers.

[FatFork]

<snip>
KYC has been major concern in the crypto space because people want to be anonymous so they were playing in this crypto world but then under the AML policies and all that stuff KYC was implemented <>

KYC is implemented much broader in today's settings. This is because these entities (crypto casinos) do wants to get licensed,  hence it will be regulated by a governing body, another domino effect is the KYC implementation. I must say that now I have more trust on casinos that has legitimate license than those that do not own any. You can't chase and lawsuit those casinos which you do not even know if ever you will be in the scenario in which you haven't paid, fooled, cheated, etc.

While there is a certainly a lot of debate over the benefits and downsides of governmental tracking of personal information such as names, addresses, etc. (particularly in terms of its implications for user privacy), the need for KYC must be balanced against the right to privacy. As such, it's important to ensure that KYC regulations are as minimal as possible while still providing enough data for financial institutions to effectively do their jobs. In the case of cryptocurrency casinos, the companies are required to verify user's identities in order to comply with KYC/AML laws. However, there is a growing demand for more privacy-oriented casinos that do not require any personal information from their users.

Ultimately, it's likely going to end up being a mix of both. Complete anonymity may be impossible in the near future as cryptocurrency casinos and other related companies require some degree of individual identification in order to comply with KYC/AML laws. On the other hand, a more private-oriented casino run on blockchain technology might be able to provide an alternative for those who feel strongly about privacy.

[Jating]

Maybe we are not there yet, but I think in the future , trying to avoid gambling platforms with KYC can be dangerous. Scammers will be trying to exploit this, almost irrational, fear of losing privacy, offering platforms with no KYC.

All require the process of implementing KYC regulations like in previous exchange platforms, everyone refuses to provide personal data but when the top exchange raises the status of the obligation to verify KYC to access deposits and withdrawals, the other alternative is to just trade on other lower volume exchanges. So gambling platforms must ensure that KYC is harmless and will not be misused for negative purposes, ensure that user data can be encrypted and stored in external data (not online) to increase the security system from hackers.

I think that is one of the main concerns of individuals who doesn't want to provide their KYC in any services. Just like what we have heard horror stories in the past years wherein KYC was asked by the exchanges and then they don't know how to protect it as the data has been stolen. EU for example have this one:

https://ec.europa.eu/info/law/law-topic/data-protection/data-protection-eu_en

But so far though, I haven't heard any crypto gambling platform being hacked or our data being leaked. And hopefully there are storing those data of their customers in a safe place and one of reach by anyone.

[crzy]

Maybe we are not there yet, but I think in the future , trying to avoid gambling platforms with KYC can be dangerous. Scammers will be trying to exploit this, almost irrational, fear of losing privacy, offering platforms with no KYC.

All require the process of implementing KYC regulations like in previous exchange platforms, everyone refuses to provide personal data but when the top exchange raises the status of the obligation to verify KYC to access deposits and withdrawals, the other alternative is to just trade on other lower volume exchanges. So gambling platforms must ensure that KYC is harmless and will not be misused for negative purposes, ensure that user data can be encrypted and stored in external data (not online) to increase the security system from hackers.

I think that is one of the main concerns of individuals who doesn't want to provide their KYC in any services. Just like what we have heard horror stories in the past years wherein KYC was asked by the exchanges and then they don't know how to protect it as the data has been stolen. EU for example have this one:

https://ec.europa.eu/info/law/law-topic/data-protection/data-protection-eu_en

But so far though, I haven't heard any crypto gambling platform being hacked or our data being leaked. And hopefully there are storing those data of their customers in a safe place and one of reach by anyone.

We cannot sure about the safety of our data and it’s good that Duelbits still free from KYC though it can still be asked later on but I’m confident that we can be more secured with Duelbits. Thought the concern is the safety which is I understand why, let’s just hope for the best and hoping that any crypto gambling site will protect our data to the highest security, this is a big concern for everyone.

[goaldigger]

I think that is one of the main concerns of individuals who doesn't want to provide their KYC in any services. Just like what we have heard horror stories in the past years wherein KYC was asked by the exchanges and then they don't know how to protect it as the data has been stolen. EU for example have this one:

https://ec.europa.eu/info/law/law-topic/data-protection/data-protection-eu_en

But so far though, I haven't heard any crypto gambling platform being hacked or our data being leaked. And hopefully there are storing those data of their customers in a safe place and one of reach by anyone.

We cannot sure about the safety of our data and it’s good that Duelbits still free from KYC though it can still be asked later on but I’m confident that we can be more secured with Duelbits. Thought the concern is the safety which is I understand why, let’s just hope for the best and hoping that any crypto gambling site will protect our data to the highest security, this is a big concern for everyone.

Any gambling site can ask for a KYC especially if your account get flagged, either you comply or abandoned your account that is your choice. Security will always be the top concern of everyone and in gambling we all know our private data is very important. Even though there’s no incident yet about gambling getting hacked, there’s still a possibility for this, that’s why the site should also invest on a high security system so they retain their players.

[wxa7115]

Maybe we are not there yet, but I think in the future , trying to avoid gambling platforms with KYC can be dangerous. Scammers will be trying to exploit this, almost irrational, fear of losing privacy, offering platforms with no KYC.

All require the process of implementing KYC regulations like in previous exchange platforms, everyone refuses to provide personal data but when the top exchange raises the status of the obligation to verify KYC to access deposits and withdrawals, the other alternative is to just trade on other lower volume exchanges. So gambling platforms must ensure that KYC is harmless and will not be misused for negative purposes, ensure that user data can be encrypted and stored in external data (not online) to increase the security system from hackers.

While I have no doubt that a lot of people do not really like to comply with know your customer regulations out of principle, because they do not think that they are doing anything that would require for them to go through that process, I'm sure there are many people that do not like the idea of those policies because of the huge amount of hacks that we have seen over the years.

Businesses ask for all kind of personal details with the excuse that they have to do it but they do not take the time to secure that data, get hacked and now hackers all over the world have access to it and there is nothing you can do about it, so if any business is going to ask for that kind of information they better make sure they do everything they can to protect their customers from a security threat like that.

[Beparanf]

Maybe we are not there yet, but I think in the future , trying to avoid gambling platforms with KYC can be dangerous. Scammers will be trying to exploit this, almost irrational, fear of losing privacy, offering platforms with no KYC.

All require the process of implementing KYC regulations like in previous exchange platforms, everyone refuses to provide personal data but when the top exchange raises the status of the obligation to verify KYC to access deposits and withdrawals, the other alternative is to just trade on other lower volume exchanges. So gambling platforms must ensure that KYC is harmless and will not be misused for negative purposes, ensure that user data can be encrypted and stored in external data (not online) to increase the security system from hackers.

While I have no doubt that a lot of people do not really like to comply with know your customer regulations out of principle, because they do not think that they are doing anything that would require for them to go through that process, I'm sure there are many people that do not like the idea of those policies because of the huge amount of hacks that we have seen over the years.

Businesses ask for all kind of personal details with the excuse that they have to do it but they do not take the time to secure that data, get hacked and now hackers all over the world have access to it and there is nothing you can do about it, so if any business is going to ask for that kind of information they better make sure they do everything they can to protect their customers from a security threat like that.

This is true and worst was data being sold to other company for marketing purposes. There’s a lot of news about this before that company selling costumer data so that they can send emails on it for promotion.Hacking can happened on any website in fact government website is always prone to this so I understand if company made some mistakes like security breach because it’s really possible online but selling our KYC info is the worst nightmare that everyone wants to avoid especially if t he owner itself is the one who’s committing this action.

[worle1bm]

Maybe we are not there yet, but I think in the future , trying to avoid gambling platforms with KYC can be dangerous. Scammers will be trying to exploit this, almost irrational, fear of losing privacy, offering platforms with no KYC.

All require the process of implementing KYC regulations like in previous exchange platforms, everyone refuses to provide personal data but when the top exchange raises the status of the obligation to verify KYC to access deposits and withdrawals, the other alternative is to just trade on other lower volume exchanges. So gambling platforms must ensure that KYC is harmless and will not be misused for negative purposes, ensure that user data can be encrypted and stored in external data (not online) to increase the security system from hackers.

While I have no doubt that a lot of people do not really like to comply with know your customer regulations out of principle, because they do not think that they are doing anything that would require for them to go through that process, I'm sure there are many people that do not like the idea of those policies because of the huge amount of hacks that we have seen over the years.

Businesses ask for all kind of personal details with the excuse that they have to do it but they do not take the time to secure that data, get hacked and now hackers all over the world have access to it and there is nothing you can do about it, so if any business is going to ask for that kind of information they better make sure they do everything they can to protect their customers from a security threat like that.

Everyone is concerned with their privacy and you need to submit your documents along with your selfies also holding the identity document which could be serious problem if something bad happens in future so people don't want to go through the same.We have seen many hacks and your information can be used in illegal works so being anonymous is priority of many.

[xSkylarx]

Everyone is concerned with their privacy and you need to submit your documents along with your selfies also holding the identity document which could be serious problem if something bad happens in future so people don't want to go through the same.We have seen many hacks and your information can be used in illegal works so being anonymous is priority of many.

This is why we should be wary on what platforms we submit our private information. We can't really avoid these KYC regulations because AMLC require those information and gambling websites also need to protect their business from criminals that will use their platform for illegal activities. We should just chose a reputable gambling website on doing KYC verification because they have less risk of being hacked.

[FanEagle]

While there is a certainly a lot of debate over the benefits and downsides of governmental tracking of personal information such as names, addresses, etc. (particularly in terms of its implications for user privacy), the need for KYC must be balanced against the right to privacy. As such, it's important to ensure that KYC regulations are as minimal as possible while still providing enough data for financial institutions to effectively do their jobs. In the case of cryptocurrency casinos, the companies are required to verify user's identities in order to comply with KYC/AML laws. However, there is a growing demand for more privacy-oriented casinos that do not require any personal information from their users.

Ultimately, it's likely going to end up being a mix of both. Complete anonymity may be impossible in the near future as cryptocurrency casinos and other related companies require some degree of individual identification in order to comply with KYC/AML laws. On the other hand, a more private-oriented casino run on blockchain technology might be able to provide an alternative for those who feel strongly about privacy.

That is a very very tough thing to balance. Like maybe instead of having all of our KYC, we could have like some sort of database of "criminals" which means we could give some ID number of us or whatever and then we would compare that with the criminal database and if we are not criminals then we wouldn't have to do the whole KYC thing with pictures and what not.

If you are worried that criminals wouldn't give their ID, then you should realize that they won't give their KYC neither to begin with lol. I mean if I killed someone or dealt drugs or whatever bad thing I did, you really think it could be caught on KYC? No way, that doesn't make sense at all to me for sure.

[erep]

This is why we should be wary on what platforms we submit our private information. We can't really avoid these KYC regulations because AMLC require those information and gambling websites also need to protect their business from criminals that will use their platform for illegal activities. We should just chose a reputable gambling website on doing KYC verification because they have less risk of being hacked.

Every KYC rules to avoid AML but you should be selective to use top reputable casino platforms and we should avoid KYC for new casinos even though they offer high signup bonuses. I think before KYC officially applies to every casino player, the casino team should educate the purpose of KYC through videos so that users don't have negative assumptions about KYC verification.

[Solosanz]

Every KYC rules to avoid AML but you should be selective to use top reputable casino platforms and we should avoid KYC for new casinos even though they offer high signup bonuses. I think before KYC officially applies to every casino player, the casino team should educate the purpose of KYC through videos so that users don't have negative assumptions about KYC verification.

Is there anyone really worried to do KYC verification? most of them only lazy enough to complete it and they're don't care anything since there's no one of their family have suffer of illegal use of their KYC. It's like someone asking you to pay the loan while you never ask a loan or someone force you to go jail since you're breaking a law etc. I think we're live in where a privacy already get exposed everyday.