A way to attract new users or a misunderstanding?

[darkangel11]

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.

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[Hamphser]

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.

Would really be that impossible that they wont really be trying out to make some use of the current hype as of this day which these owners might neither be using that or would remain completely to be honest.

We know that not all owners would really be that too mindful on how they would gonna introduce their business.Some might really be that focusing into the current trend and making use of it
and some would really be sticking into those traditional ways of introducing as long they arent really deceiving then that whats matter the most.

Attracting users doesnt really need for it to be deceiving because just like the rest been saying on which if people do find out the real or truth
then it would really be making out that kind of bad impression.This is why when building and introducing a business then you should really be that mindful in regard to that.

[minime0105]

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.

[blockman]

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.

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.

[Ebede]

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.

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.

In a kyc verification I know right where that some casino platform or a gamblers knows exactly what is obtainable cuz I didn't that girl I see because all I see is for the protection or both player and the the platform is but some casino platforms, have to do things that is nice one concerning their kyc verification because they know the importance of kyc

[crzy]

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.

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.

If you are going to gamble because of the hype only then it will be more risky for you and you might not enjoy playing since you gamble because of a wrong purpose. If the project can’t tell the truth at first, I’m sure they are also hiding something and that can affect their reputation for being not so fair and can’t trusted at all, the site should not mislead their gamblers if they intentions are clean.

[bitcampaign]

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

[Newlifebtc]

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

From my own perspective I am feeling that all the casino are decentralized casino none of them is centralised and if we should do count for the centralised one I believe that it will be feel why when we talk of decentralized it will be meaning so talking of kyc kyc is something that is necessary any platform of casino except to the situation we have I it is not legalised a casino platform

[n0ne]

Completely misleading with a new concept. Decentralised functioning is effective, but when the same is being applied everywhere the importance gets ruined in a fake mechanism. With casinos it is good to keep things advanced, for the same it isn't necessary to keep on transition of the process to increase the competence. Same time there are platforms that have perfectly made things over web3 as well as using the term just to show it an advanced one. So, it is all about the hype.

[kotajikikox]

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

since you've mentioned this would you mind sending some of those casino here for us to check out? I believe that this will clear many question and post here regarding the capacity of casino to have Decentralized function and specially regarding web3 details?
though there are many site still does not ask for KYC but sometimes they do when have certain reasons to ask for.

[rodskee]

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 can feel you mate , and I was wondering why there are many gambling site now that tries to lure gamblers with their lies , Hope that in the future or at least sooner this will be cleared and players will not fall into their traps .

and about KYC ? this is coming in every casino , maybe not this fast but sooner I believe.

[Mr. Magkaisa]

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.

  -  I agree with what you said mate, maybe I just have something to add to what you already said. Regarding the hype you mentioned, in my opinion, it cannot be lost, because the word "HYPE" is part of the marketing scheme if it is not in any business in the industry like this, because it has a big contribution, to be honest.

Even now, it has been used, especially in the bonuses that are the trick of crypto gambling that we are currently seeing. All that is needed is to be critical and careful about what we enter anyway, and this is the important thing, right?

[Mauser]

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.

[klidex]

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.

[Jawhead999]

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.

[danadc]

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 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.

[Fivestar4everMVP]

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 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.

I totally agree with you, web 3 or no web 3, what gamblers are really after is the casino they can trust to play on without issues.

Though I think that the reason why it seems some (for now) small number of persons are interested in web 3 casino is because they are likely to be completely Decentralized and decentralized services don't require customers to pass kyc verification, since both the system and the games are built on and runs on the blockchain, even the developers have no access to users account.

But each time I think of the above, my question always is, How does the winners get paid from a decentralized casino as the above?

Will the developers/casino owners build a smart contract and top up the wallet that will pay gamblers who win, what if the funds in this wallet runs out and the devs/casino owners are yet to top it up?

[Emitdama]

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.

I think many of those poor people are only a victim and they don't know that their identities are going to be used for illegal transactions. Better if we will spread information about these matters so that cases like this are going to be prevented in the future. If KYC makes the criminal struggle then KYC is not totally useless.

There are ways for us to check the activity of the wallet but there is no way to see their full information such as their full name, address and contact details. Other than that, criminals can also use a mixing service to further conceal themselves from the authorities but fortunately, some of them are still being caught out.

[Dunamisx]

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.

[Silberman]

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 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.

When the gambling industry first started in this market casinos began from zero and they had to gain reputation and trust like any other business, however a new casino which is trying to implement web3 features now will find themselves facing huge competition that was not there at the beginning of this market, so while no KYC may attract some people, their reputation is still nonexistent and if we add that casinos are lying about this then the less people are going to care about those casinos, which is why it is so important to stop that false publicity as if this continues soon enough no one will care about web3 casinos, which would be a shame as it seems a step on the right direction for this market.