What is a web3 casino for you?

[wxa7115]

I still don't understand why people are always after the latest in trending and want to follow them. Now casinos too want to catch the heard of customers that is why they are very interested in tagging themselves a web3 casinos and at the same time, they will keep asking there customers for KYC which is not the main reason for a casino being a web3 casinos. This is obviously and we need to stay away from this kind of lies from casinos like this.

Even if it is politically incorrect to say so, many people are just sheep following a shepherd wherever they go, and this is a tendency which has increased dramatically during the previous decade with the advent of social media.

Now the new generations are not only obsessed with the idea of following someone or something, but they also want to gain followers, so a great deal of their lives is spent on thinking about the current trends and the upcoming ones, and if anything I think this tendency will get even worse.

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[danadc]

I still don't understand why people are always after the latest in trending and want to follow them. Now casinos too want to catch the heard of customers that is why they are very interested in tagging themselves a web3 casinos and at the same time, they will keep asking there customers for KYC which is not the main reason for a casino being a web3 casinos. This is obviously and we need to stay away from this kind of lies from casinos like this.

Even if it is politically incorrect to say so, many people are just sheep following a shepherd wherever they go, and this is a tendency which has increased dramatically during the previous decade with the advent of social media.

Now the new generations are not only obsessed with the idea of following someone or something, but they also want to gain followers, so a great deal of their lives is spent on thinking about the current trends and the upcoming ones, and if anything I think this tendency will get even worse.

What happens is that the majority of players like the new , the innovative , what works to be able to Exercise certain things that are fashionable , web3 casinos do not attract much attention to me, because I trust more in what is already good Established , in my case duelbits represents a very important casino because it is trustworthy , with a good reputation and high content so that we can leave our data in KYC which is so troublesome , I don't mind leaving them here, because it is a very reliable , in the end it is better that way because what we put in these sites is money.

[Webetcoins]

Well, Bitcoin is another thing, it is a coin and not a platform or a website, and it is not really that hard for them to find the owners of a platform since it has a website and they can easily get the details of the person who registered the domain, etc. If they want, they can easily reach the decentralized platforms and regulate them.

For now, they are not attacking decentralized platforms but they are in the verge of doing that, so it won't be wrong to say that in near future, the authorities will start either regulating or shutting down decentralized platforms as well, including casinos, exchanges, and everything else.

They are not doing it because the comparison between the volume of decentralized services and centralized ones. One just need to take a look at an approximated volume of a casino like Stake, which is the leader on the industry and the volume of a casino running on smart contracts. The difference is huge, same with exchanges and decentralized exchanges.

Since there is more money being moved on the centralized market, there is where the law enforcement is going to focus on. Simple and to the point, money chances to regulate and catch people breaking rules and laws.

The actual thing is that there aren't a lot of decentralized services when it comes to casinos, you can barely find one or a couple in the market where users can gamble without having to create an account or by completing their KYC and everything works on-chain. That is probably the reason why the authorities are not eyeing them yet.

As soon as decentralized casinos start coming out upfront and start getting significant success and volume as you said, the authorities will surely start taking action and try their best to regulate them in any way they can.

[klidex]

I still don't understand why people are always after the latest in trending and want to follow them. Now casinos too want to catch the heard of customers that is why they are very interested in tagging themselves a web3 casinos and at the same time, they will keep asking there customers for KYC which is not the main reason for a casino being a web3 casinos. This is obviously and we need to stay away from this kind of lies from casinos like this.

Even if it is politically incorrect to say so, many people are just sheep following a shepherd wherever they go, and this is a tendency which has increased dramatically during the previous decade with the advent of social media.

Now the new generations are not only obsessed with the idea of following someone or something, but they also want to gain followers, so a great deal of their lives is spent on thinking about the current trends and the upcoming ones, and if anything I think this tendency will get even worse.

What happens is that the majority of players like the new , the innovative , what works to be able to Exercise certain things that are fashionable , web3 casinos do not attract much attention to me, because I trust more in what is already good Established , in my case duelbits represents a very important casino because it is trustworthy , with a good reputation and high content so that we can leave our data in KYC which is so troublesome , I don't mind leaving them here, because it is a very reliable , in the end it is better that way because what we put in these sites is money.

Actually in this case someone will judge based on each individual's opinion like you are not interested in web3 casinos but there are a large number of especially anonymous gamblers who use web3 casinos more than other casinos.
Because truly web-based casinos do not require KYC which makes anonymous gamblers more comfortable.

[Bushdark]

Many projects now, especially cryptocurrency projects are now switching to web3 since that is the latest trend in the market. There are companies that are operating on web2 but now, they have seen good reasons why they need to switch to web3 since it has wonderful features and utility than the previous web2 that we all know about. I will not be to surprise if I start seeing games and cryptocurrency casinos taghing themselves as a web3 casinos.

The major things is advancing there technology to the latest one with friendly features that users would love to get hold of with getting lost to an extend. We are soon going to see more about web3 which is advancing with great speed.

[o48o]

The concept of Know your client regulations and Web3 casinos are not compatible, because the concept of the Web3 itself (not only on casinos but also in any kind of service) is the fact users, clients and gamblers can identify themselves only by holding their personal keys.

I agree with you that governments wont like the idea of such services to become popular, but they already do not like the existence of Decentralized exchanges like Uniswap and there still is, accumulating volume and number of users.  

The decentralization makes it harder for centralized entities to attack providers. Bitcoin is a good example of it.

Uniswap wasn't a good example as its very much helping governments by blacklisting addresses, so i think those governments doesn't mind Uniswap doing what it's doing as long it's helping them out.

This however raises the question of how much decentralization there needs to be. Uniswap for example has centralized around the founder. It's debatable if it's a good thing that someone is going to be accountable if something goes wrong.

[GxSTxV]

You're right much casinos uses web3 word just for promoting but there are currently very few web3 casinos available and which are actually web3 casinos. Simply adopting decentralization is not enough to consider a website as a web3 casino and we all know it’s very challenging to build a successful and gain all that trust. Because web3 It should incorporate specific characteristics and technologies such as smart contracts and tokenization in addition to decentralization.

For me finding a casino with these web3 features isn’t my very priority as long as it’s trustworthy. Since a web3 casino has many challenges as it's important for a casino to follow the government regulations to obtain a license and one of their rules is customer verification which is the opposite of decentralization and web3.

[Hispo]

The concept of Know your client regulations and Web3 casinos are not compatible, because the concept of the Web3 itself (not only on casinos but also in any kind of service) is the fact users, clients and gamblers can identify themselves only by holding their personal keys.

I agree with you that governments wont like the idea of such services to become popular, but they already do not like the existence of Decentralized exchanges like Uniswap and there still is, accumulating volume and number of users.  

The decentralization makes it harder for centralized entities to attack providers. Bitcoin is a good example of it.

Uniswap wasn't a good example as its very much helping governments by blacklisting addresses, so i think those governments doesn't mind Uniswap doing what it's doing as long it's helping them out.

This however raises the question of how much decentralization there needs to be. Uniswap for example has centralized around the founder. It's debatable if it's a good thing that someone is going to be accountable if something goes wrong.

Are you sure Uniswap actually helps the governments to black list addresses that easily? Because I would have not expected to hear something like that from the leading decentralized exchange of the market.

Besides, if we talk about centralization on decision making, as far as I know their uni token is also supposed to work as a governance token, which allows holders to have power on the direction the protocol is supposed to be going, I would catch my attention the voters had not revolted on the blacklisting practices, unless they have come to agree with it for the sake of the existence of Uniswap in the long term.

[delfastTions]

Are you sure Uniswap actually helps the governments to black list addresses that easily? Because I would have not expected to hear something like that from the leading decentralized exchange of the market.

Besides, if we talk about centralization on decision making, as far as I know their uni token is also supposed to work as a governance token, which allows holders to have power on the direction the protocol is supposed to be going, I would catch my attention the voters had not revolted on the blacklisting practices, unless they have come to agree with it for the sake of the existence of Uniswap in the long term.

For example, I also have no doubt that Uniswap gives all the necessary information on accounts and customer identities at the request of law enforcement officers or some other bodies close to the government.
 And it would be strange if the leaders of this project did not do this because it is very large, well-known among cryptocurrency lovers and, of course, it is simply impossible that in such matters it would maintain the confidentiality of the client database.  If the leadership suddenly decided not to obey the demand of the authorities, I think it would cease to be the leadership no later than 2 days after the refusal to give information. 

In general, now all large organizations in the field of crypto with US jurisdiction are under the control of the authorities.  And this control will only tighten.  I do not even doubt.  But at the same time, talk about the independence of business will certainly continue.  This is done so that crypto organizations and startups do not run away together and en masse from the USA to other jurisdictions.  There are after all Hong Kong, Singapore, Malta, Switzerland and so on.

[slapper]

You're right much casinos uses web3 word just for promoting but there are currently very few web3 casinos available and which are actually web3 casinos. Simply adopting decentralization is not enough to consider a website as a web3 casino and we all know it’s very challenging to build a successful and gain all that trust. Because web3 It should incorporate specific characteristics and technologies such as smart contracts and tokenization in addition to decentralization.

For me finding a casino with these web3 features isn’t my very priority as long as it’s trustworthy. Since a web3 casino has many challenges as it's important for a casino to follow the government regulations to obtain a license and one of their rules is customer verification which is the opposite of decentralization and web3.

Many are tossing the term "web3" around like a hot trend, but they're missing the technical nuts and bolts that make it a real web3 gig. And just being decentralized isn't the full story.
A legit web3 casino would be working with blockchain tech, smart contracts, and tokens to make a secure, totally transparent gaming space. But let's be clear, just 'cause these features aren't there doesn't mean a casino is dodgy. Many long-standing online casinos run fair games and keep things secure without these tech goodes.

The main headache web3 casinos are dealing with is getting past all the rules and red tape. Because web3 is all about being anonymous and decentralized, it's tough to square this with the tight KYC rules governments set. It's a tough nut to crack and the industry's got its work cut out as it keeps moving forward.

[lixer]

Many are tossing the term "web3" around like a hot trend, but they're missing the technical nuts and bolts that make it a real web3 gig. And just being decentralized isn't the full story.
A legit web3 casino would be working with blockchain tech, smart contracts, and tokens to make a secure, totally transparent gaming space. But let's be clear, just 'cause these features aren't there doesn't mean a casino is dodgy. Many long-standing online casinos run fair games and keep things secure without these tech goodes.

The main headache web3 casinos are dealing with is getting past all the rules and red tape. Because web3 is all about being anonymous and decentralized, it's tough to square this with the tight KYC rules governments set. It's a tough nut to crack and the industry's got its work cut out as it keeps moving forward.

There basically aren't a lot of decentralized gambling platforms around at the moment that calls themselves web3 casinos, but as you said, it seems like the trend will die even before it is properly utilized by both businesses and players because governments will barely allow any platform to operate without complying with their rules and regulations.

And if web3 or decentralized platforms deny their proposals for doing KYC or sharing users' data with them, they will most probably just make them shut down their services in certain jurisdictions which will be an issue for the casinos.

[khaled0111]

Back to the main subject, I have a question: can anyone give a clear definition of what is exactly a web3 casino? I read all the of the above replies and it seems that we are arguing about something that we don't even know what it is!
As per my experience, any casino which allows logging in via metamask or any other wallet that supports walletconnect, claims it is a web3 casino. Is this right?

[serjent05]

We are already getting more deep into this advanced technology and development with the use of AI, it's a situation where you feel the reality of virtual world in the present time, it has advanced many areas of the economy including the gambling and yet we are still warming up and have not arrived, enough with the rule of the centralized gover in our lives, I believe the technology will bring more of the good than the bad I the nearest future.

I agree with the fact that technology is involved and a lot of new developments alongside hypes are being introduced into the e-gaming industry with the metered verse and yet coupled with web3 decentralized finance that make gaming experience upgraded and also brought with it a lot of its disadvantages.

But then,  I can't possibly fortune out a way that AI will play any significant role in this direction and as a matter of fact,  AI gaming has not been successful as a project.

Web 3.0 basically has nothing to do with Artificial Intelligence, both are different technologies developed to serve different purposes. Web 3.0 will bring decentralization to the web and allow users to experience the best experience when they are using a website that has been created utilizing web 3.0 technology, it also provides the user with privacy.

Web 3 brings the feature of integrating blockchain to the gambling platform.  Being decentralized or centralized depends on the owner's implementation which one the owner wanted to implement.  After all blockchain tech isnt only decentralized.

Artificial Intelligence on the other hand is a different ball game altogether, it has been developed to help people with their tasks and works by providing the best solutions available by searching and finding out about it in data available from the past.

I agree AI is another technolgy and is different from Web 3.  One thing with AI is that enable automation and even gives decisions that  matter.... So I think AI can bring enhancement to web 3 if integrated.

[Fivestar4everMVP]

Back to the main subject, I have a question: can anyone give a clear definition of what is exactly a web3 casino? I read all the of the above replies and it seems that we are arguing about something that we don't even know what it is!
As per my experience, any casino which allows logging in via metamask or any other wallet that supports walletconnect, claims it is a web3 casino. Is this right?

You are right, but it deosnt end there, there are some self proclaimed web3 casinos that are not truly a web 3 casino, having to login only with walletconnect and other defi means does not necessarily conclude that the casino is a complete web3.

Web3 is decentralization, it takes power and authority from single entities and distribute it to the entire  people of this world - there are several business that claim to be decentralized, but in real sense, they are not, they are probably partially decentralized.

[Hispo]

Back to the main subject, I have a question: can anyone give a clear definition of what is exactly a web3 casino? I read all the of the above replies and it seems that we are arguing about something that we don't even know what it is!
As per my experience, any casino which allows logging in via metamask or any other wallet that supports walletconnect, claims it is a web3 casino. Is this right?

I would say yes, but it would also depends on the degree of decentralization the casino has. What is the point on logging in with your public keys if you eventually need to submit KYC anyways or if the games of the platform are not open source for anyone to audit and see if they are fully provably fair?

If we take a centralized casino and we add the option to logging in with Metamask, that won't turn the casino into a Web.3 one, unfortunately.
I am yet to hear about a web 3 casino which complies with my personal definitions, I may be too picky, tho.

[Weawant]

You are right, but it doesn't end there, there are some self proclaimed web3 casinos that are not truly a web 3 casino, having to login only with walletconnect and other defi means does not necessarily conclude that the casino is a complete web3.

True, and that's how other part of the industry are, most cryptocurrency projects that claim to solve a particular problem don't solve that problem but only hoping on the hype of that trend to pump their project so they make profits and run away in the bear market.

This is the reason we have many projects dying during the bear market. Cryptocurency is mostly about promises and not fulfilments. We have had many casinos promise to be decentralized but later get exposed for not been decentralized.

Many gamblers are also not informed, they think just because they get connected through their wallets to the casino website, that they're operating on a web3 casino. Like we have with metaverse and other Defi projects, most of the casinos parading as a web 3 casino aren't.

[Oshosondy]

Back to the main subject, I have a question: can anyone give a clear definition of what is exactly a web3 casino? I read all the of the above replies and it seems that we are arguing about something that we don't even know what it is!
As per my experience, any casino which allows logging in via metamask or any other wallet that supports walletconnect, claims it is a web3 casino. Is this right?

To my understanding, if you are able to connect to a gambling website and gamble there without the need for registration and login, but connecting using a noncustodial wallet, that is a web3 casino. Just like the matamask wallet that you talked about.

Web3 is decentralization, it takes power and authority from single entities and distribute it to the entire  people of this world - there are several business that claim to be decentralized, but in real sense, they are not, they are probably partially decentralized.

What supposed to be web3 has been changed by people's manipulations. Web3 supposed to be decentralised but according to how it was created and what people turned it to, there is possibility that it would be centralised in the future. Also almost all the platforms like the so-called smart contract decentralised exchanges are not completely decentralised.

[wxa7115]

Back to the main subject, I have a question: can anyone give a clear definition of what is exactly a web3 casino? I read all the of the above replies and it seems that we are arguing about something that we don't even know what it is!
As per my experience, any casino which allows logging in via metamask or any other wallet that supports walletconnect, claims it is a web3 casino. Is this right?

That will be part of it, the most important part would be the fact those casinos do not ask for your personal information no matter what, after all that would be the best way they could have to attract players to give them a chance and for the casino to keep those gamblers as their customers.

However, we know many of those casinos which claimed to be decentralized eventually asked their customers to identify themselves, and if that is the case then there is no point at all in using them, after all we have casinos which have been around for years and which have a reputation that precedes them.

[Fivestar4everMVP]

Back to the main subject, I have a question: can anyone give a clear definition of what is exactly a web3 casino? I read all the of the above replies and it seems that we are arguing about something that we don't even know what it is!
As per my experience, any casino which allows logging in via metamask or any other wallet that supports walletconnect, claims it is a web3 casino. Is this right?

That will be part of it, the most important part would be the fact those casinos do not ask for your personal information no matter what, after all that would be the best way they could have to attract players to give them a chance and for the casino to keep those gamblers as their customers.

However, we know many of those casinos which claimed to be decentralized eventually asked their customers to identify themselves, and if that is the case then there is no point at all in using them, after all we have casinos which have been around for years and which have a reputation that precedes them.

I will like to say that, any casino that claims to  be decentralized and yet, ask users to submit their personal individual document for verification , this simply means the casino was never decentralized or is not completely decentralized as the casino admin claim.

We have such casino as owl.games, it's one of the first casino I came across and claimed to be web3, gamblers can enter the casino and connect their wallet to bet or play slot quick alright, but after looking deep into the casino and its mode of operation, I discovered its not a complete decentralized casino, but most part of the casino is highly centralized, which is why they can ask users to submit their personal documents for kyc verification.

[Desmong]

We can see that many normal casinos are now into web 3 which is a good attempt and it will make those that are also into web 3 to join the league. Even crypto project are now switching into web 3 which is a revolution from web 2 to web 3 increasing security and privacy of users. Web 3 casinos need to have the features that we need not by claiming to be a web 3 casino.