A way to attract new users or a misunderstanding?

[Odusko]

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.

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.

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.

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.

[1715561298]

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[1715561298]

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[Hamphser]

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.

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.

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.

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.

There are really those cons on something new that we are really trying to push through and just same as you mentioned on which Owlgames does currently offer.
IF we do look on what wallets could be used which are the ff;

MetaMask
WalletConnect
Phantom
Keplr Wallet
Sender Wallet
Near Wallet
WAX Cloud Wallet
Anchor Wallet
Telegram
Sign up with email
Pontem

You could really be able to point out that it would really be involving some huge
fees and slow transactions too.It does really have their own disadvantage and this is why some people would really be just simply sticking
into those centralized ones which do offer much more faster and cheaper when it comes to fees into their gambling activity.
If it turns out that it is something looks interesting and there are new ones who do decide to go to the path of 3.0
then its up to them but they should really be true on what they are claiming.

[libert19]

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.

[Hypnosis00]

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.

[maydna]

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.

I also prefer the simplest thing that they don't cheat us and don't try to do it. That's what the casino must pay attention to thrive. And if casinos ask for registration for new members nowadays, it's because everything has changed, and even the rules have changed. We as gamblers, also have to adjust to this situation, and actually, we are also not forced to follow the rules of the casino if we don't want to do it. But we are forced to follow the rules of the casino, so it's a like a path we choose for ourselves to play gambling. Actually, we can leave gambling if we think it has changed, but we can't do it yet, and we have to admit it.

[klidex]

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.

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.

[abel1337]

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.

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.

With todays internet popularity, many have been aware on what kind of risk is selling their identity to others but sometimes others have no choice especially if it is their only choice in order to survive their daily lives. KYC is not bullet proof but yes it makes criminals to do extra steps in committing their crime. 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.

[decodx]

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.

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.

[minime0105]

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.

Having a loyal gamblers is dependable on the credibility and the reputation of the site, because why some of us jump's from one gambling platform to another platforms it's because of the change in the site and the new introduction of gamblling rules and regulations, so, so many people don't like changes of rules and a gamblling platforms that do not encourage their players with some small amount of token, so i Think that is one of the things that makes people to have change of mind in some gambling platform.

[serjent05]

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.

It is indeed a marketing ploy, anyone announcing their site structure and technology is to gain traction and attention.  They would like their player to think that the platform has one of a kind technology that can compete or even better against the other gambling platform.  But the conflict starts when a casino is licensed.  Even with running in web3 technology, the casino need to implement stuff that is within the scope of regulation of a licensed casino and that is KYC.  They need to comply else their license would be revoked thus costing them their business.

[Dunamisx]

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.

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.

Now this is where we broadens the difference between fans and spectators and every casino must know which it has developed, as long as a casino begin to serve it gamblers right as they have always wanted then what such casino will have at the end are kinds of  gamblers that are fans while if the gamblers were the type that don't enjoy what's been offered then they were only catching fun with the casino through spectations.

[Distinctin]

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.

And even if we hate it once we are tricked, but I think that’s something unstoppable right now as different market goes with different way of advertising to the extent of fooling people around just to attract a lot of new users. And it’s too late to realize that you even became a victim when you get to experience their fake advertisements and feel unsatisfied with their supposed to be advanced offers and services.

[capedbaldy]

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.

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.

[maikrothaman]

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.

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.

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

[coinerer]

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.

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.

If someone uses a fake KYC document then it is a clear proof that he has done it for some kind of illegal activity so those who do so must be careful.  And those who are a real gambler and open an account and kyc on a casino site for the sole purpose of gambling they must use real documents. So in this case the gambling sites should observe the kyc documents well.  And if necessary, launch the Face verification system

[ethereumhunter]

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.

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.

[abel1337]

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.

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.

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.

[Agbe]

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 was originated from the co-founder of Ethereum Gavin Wood which means "Read, Write and Own". You are the owner of the asset, that is, there is an element not decentralization of protocol. By the right web3 does not need for KYC for any identification base on it definition and if any casino site claim to be web3 and asking for KYC, that casino need to be question, because fake site can come up.

[uneng]

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.

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.

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.

I think casinos aren't concerned if the IDs provided are false. They simply ask for IDs because that is the mandatory protocol to be followed. If the informations given by gamblers are legit or fake, it's a concern for the authorities to go after those gamblers and punish them also accordingly to the mandatory protocols. With so much technology available I guess it must be really easy to create some fake IDs and pass it ahead as being true. In some time KYC process must become worthless due to the high volume of IDs provided in a global level and the incidence of fakes among them.

[decodx]

<...>

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

I think one reason could be that online gambling is regulated by governments and regulatory bodies, which may require companies to collect certain information about their customers for compliance purposes. That could make it difficult for gambling platforms to offer strong privacy protections without running afoul of these regulations. Another reason could be that gambling platforms might have incentives to collect customer data for marketing and analytics purposes. This data can be used to better understand customer preferences and behavior, allowing the platform to target its marketing efforts more effectively, and potentially increase its revenues. It's also possible that gambling platforms simply have not prioritized the development of privacy-enhancing features, or that they believe that the benefits of collecting and using customer data outweigh any potential privacy concerns.