Decentralized vs Centralized Gambling....Which do you prefer?

[Z390]

It depends on individual preferences and priorities. Decentralized gambling offers greater anonymity and potentially lower fees, while centralized gambling may provide more regulatory oversight and security measures. So I prefer Decentralized gambling.

Potential lower fees are not true, its not as if Bitcoin transaction fee is very high like when Ordinals was new, the decentralised gambling will still offer a lower fee, thats not possible, it will always depend on the crypto network you choose to use.

Also I want to know a name of the decentralised gambling platform that you know or used to, because I still don't believe that one exist.

I believe that all gambling platforms are centralized, they don't have to ask for KYC instantly, few of them will pretend as if they don't even need KYC but when its time for you to withdraw some money, you will see their true color.

[Zigabel]

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

I prefer decentralized because of its flexibility and freedom with which it comes, so I basically don't really get to want to use a dapps that charge's such high fee that sometimes I might have to first recover the gas fee before start thinking of making profit and that alone sometimes could be Messy around the mind of the gambler because imagine winning on a bet only to discover it's just recovery yet and you will still have to win again before you can start thinking of been in profit but with the decentralized you get to change ur dApps from the ETH chain to such which has a considerable low fee that can be affordable.

The only difference may actually be in security that one may have over the other but then it's still not a big deal if the gambler is able to getting to manage his account well enough to not getting their account exposed and loosing their funds.

[Abiky]

I agree that there will be automation, it's a fact.  However, a hybrid casino is an idea that I have been talking about here.  Centralized companies will need to adapt to this, as will decentralized companies, both focused on capturing and facilitating customers.

I think you mean "decentralized organizations". There's no such thing as a "decentralized company". If it's a company, it wouldn't be decentralized anymore. I see a future where decentralized casinos are governed by a DAO (Decentralized Autonomous Organization) where shareholders dictate the future direction/path of the project. Profits can be either distributed between holders of the DAO's token, or the creator of the contract himself. The possibilities are endless.

Centralized casinos in their current state will become obsolete as advancements in technology will radically transform the gambling industry. This is only the beginning. With Blockchains getting faster and cheaper than ever, we should expect UX for gambling dApps to improve 1000%.

[bitterguy28]

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

I have no problem to each of them bro, I can play centralized and I can also play in decentralized ,I have no problem at any chance because i can provide my KYC but of course with the legit and those trustworthy gambling site .
so with that i have nothing to choose .

[Questat]

I agree that there will be automation, it's a fact.  However, a hybrid casino is an idea that I have been talking about here.  Centralized companies will need to adapt to this, as will decentralized companies, both focused on capturing and facilitating customers.

I think you mean "decentralized organizations". There's no such thing as a "decentralized company". If it's a company, it wouldn't be decentralized anymore. I see a future where decentralized casinos are governed by a DAO (Decentralized Autonomous Organization) where shareholders dictate the future direction/path of the project. Profits can be either distributed between holders of the DAO's token, or the creator of the contract himself. The possibilities are endless.

Centralized casinos in their current state will become obsolete as advancements in technology will radically transform the gambling industry. This is only the beginning. With Blockchains getting faster and cheaper than ever, we should expect UX for gambling dApps to improve 1000%.

it's easier said than done. All the factors are there that a decentralized casino with its system in place will be able to disrupt the centralized casinos. However, the biggest factor that would hindrance that from happening is "regulation", crypto was less or not regulated when it was first created but along the way as it gets more popular, the government came to intervent, so I don't see a decentralized casino would be popular as the government will only make it centralized to comply with the law.

[Pumared]

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

I prefer decentralized because of its flexibility and freedom with which it comes, so I basically don't really get to want to use a dapps that charge's such high fee that sometimes I might have to first recover the gas fee before start thinking of making profit and that alone sometimes could be Messy around the mind of the gambler because imagine winning on a bet only to discover it's just recovery yet and you will still have to win again before you can start thinking of been in profit but with the decentralized you get to change ur dApps from the ETH chain to such which has a considerable low fee that can be affordable.

The only difference may actually be in security that one may have over the other but then it's still not a big deal if the gambler is able to getting to manage his account well enough to not getting their account exposed and loosing their funds.

You will only have this freedom from dapps on a network with a low transaction rate.  Therefore, we can say that one of the points to take into consideration is the network used

[stomachgrowls]

I agree that there will be automation, it's a fact.  However, a hybrid casino is an idea that I have been talking about here.  Centralized companies will need to adapt to this, as will decentralized companies, both focused on capturing and facilitating customers.

I think you mean "decentralized organizations". There's no such thing as a "decentralized company". If it's a company, it wouldn't be decentralized anymore. I see a future where decentralized casinos are governed by a DAO (Decentralized Autonomous Organization) where shareholders dictate the future direction/path of the project. Profits can be either distributed between holders of the DAO's token, or the creator of the contract himself. The possibilities are endless.

Centralized casinos in their current state will become obsolete as advancements in technology will radically transform the gambling industry. This is only the beginning. With Blockchains getting faster and cheaper than ever, we should expect UX for gambling dApps to improve 1000%.

it's easier said than done. All the factors are there that a decentralized casino with its system in place will be able to disrupt the centralized casinos. However, the biggest factor that would hindrance that from happening is "regulation", crypto was less or not regulated when it was first created but along the way as it gets more popular, the government came to intervent, so I don't see a decentralized casino would be popular as the government will only make it centralized to comply with the law.

Actually there are still some dex casinos that we've been having on this market today it is really just that it cant really be able to get on the some recognition in compared into those centralized ones.
We've seen some on-chain kind of gaming which is really that totally decentralized but it turns out that these games arent something that brings out some interested on most gamblers. It would be seen it something in talks about on the demand because people would be flocking out into those places on which they could bet out instantly without needing to wait or spending up some transaction fees on dealing up with decentralized gaming. Yes, having the control is a plus but when it do comes into a time that you would really be needing up to have that kind of hassle then no shocking that people would just simply jump.

Yes remembering the days where these casinos arent asking KYC but on the time that they do have that licenses then KYC is been applied. Some become that mandatory
and some do only ask out if something that you do commit out some violation.

[348Judah]

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

Very possible since what the gamblers mostly want is to have their privacy in gambling as well as have no issues on anything that may pertains the use of KYC which i believe will not be a concern with the use of a decentralized gambling platform, although we have some already but maybe due to their low in numbers and the reason being that gamblers don't want to risk making their deposits with such because of fear of what may turns after, many have been consistent with the use of the  centralized ones.

[Ever-young]

I'd say people care more about the reputation of the casino themselves and pretty much most of your average gamblers are pretty far into the KYC thing so I don't think gambling dApps have that much of an allure to them. At most, it'd be pretty equal with regular crypto at casinos and at that point, you'd mostly rely on their reputation to see which of the two types is better of which I'd assume centralized casinos would be voted above the other by quite the margin.

Ofc that's only at this point in time. Things might change really, especially if you consider how dApps can be the alternative for players in countries where gambling is banned/illegal.

The world is heading into automation and full digitalization of everything. AI, Blockchain, and Quantum Computing will become part of our lives in the future. This means we will rely less on middlemen, and more on decentralized protocols/technologies. We could have some sort of "hybrid" casino where there's no central operator involved, but the dApp itself complies with KYC/AML and accumulates profits for its creator (the developer of the contract). There will be a radical transformation of the gambling industry as we know it. Perhaps, it will take decades before we'll be able to witness such a thing. At least, the idea is there. Making it a reality is another story.

I'd expect decentralized gambling dApps to improve to a point where it becomes cost-effective to gamble on them (low fees) without delays (near-instant transactions). For now, centralized gambling will continue to dominate the industry.

I agree that there will be automation, it's a fact.  However, a hybrid casino is an idea that I have been talking about here.  Centralized companies will need to adapt to this, as will decentralized companies, both focused on capturing and facilitating customers.

The concept of a hybrid casino is gaining popularity as it fills the gap between traditional centralized casinos and growing decentralized casinos. This novel technique combines the finest features of both models, providing consumers with a more comprehensive and versatile gaming experience.
Although, the one side, hybrid casinos can offer the stability, security, and reliability of centralized platforms. Users accustomed with traditional gaming platforms may feel more at ease knowing that the platform's operations are overseen by a centralized body.
On the other hand, hybrid casinos can also take advantage of decentralization's advantages, like enhanced accessibility, privacy, and transparency. Users can benefit from increased trust in the platform's impartiality and the privacy of their personal information by leveraging blockchain technology and smart contracts. Decentralized systems also make gambling more convenient by enabling users to visit the casino from any location with an internet connection.

[Quidat]

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

Very possible since what the gamblers mostly want is to have their privacy in gambling as well as have no issues on anything that may pertains the use of KYC which i believe will not be a concern with the use of a decentralized gambling platform, although we have some already but maybe due to their low in numbers and the reason being that gamblers don't want to risk making their deposits with such because of fear of what may turns after, many have been consistent with the use of the  centralized ones.

As of this moment we do still have platforms that we can really be able to play without having the worry about those kind of KYC because it would really be something that not compulsory but rather it would really be just that simply asked on the time that you have done something wrong or something that they would really be needing up some verification.Its always been written up on the terms and conditions on which it would really be just that depending on how you would really be having those kind of impressions. If you dont like on dealing up with these kind of sites then it would be your choice.

There are some platforms that having some lite KYC on which asking some basic information like Roobet as far as i remember. Tons had made out some bad impressions to it
but looking into it on where people or gamblers do really just simply accept it out gradually.

[Huppercase]

it's easier said than done. All the factors are there that a decentralized casino with its system in place will be able to disrupt the centralized casinos. However, the biggest factor that would hindrance that from happening is "regulation", crypto was less or not regulated when it was first created but along the way as it gets more popular, the government came to intervent, so I don't see a decentralized casino would be popular as the government will only make it centralized to comply with the law.

You are absolutely right. I saw one decentralized crypto casino on service board asking for a review from people to give their opinion about the casino, the job was were done and I just check the casino when u saw this thread and guess what, the number of users that joined since I last visit are not up to 100, this means that customers are not coming, and when I also check the smart contract execution on both ETH and Matic, there weren't much going on, people are not playing.

In today crypto adoption, people are ready to give up their privacy for some little fantasy of the casino and ignore the bigger picture. Decentralized remains the best alternative but even the casino are not building on that, how many decentralized casino has a good user interface like Duelbit, like Stake and other popular casino that dominate the crypto space.

[betswift]

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

It’s a great reminder of how technology is shaping user preferences and the importance of considering both security and user experience. Looking forward to seeing how these platforms evolve and which will ultimately resonate more with the community.

Decentralized gambling has its perks, notably transparency and fairness thanks to smart contracts. While decentralized apps offer a promising alternative to traditional centralized platforms, it's likely that both will coexist for some time due to differing user needs and preferences.
Personally, the appeal of decentralized platforms is strong for their innovation and security features.

[Fatunad]

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

It’s a great reminder of how technology is shaping user preferences and the importance of considering both security and user experience. Looking forward to seeing how these platforms evolve and which will ultimately resonate more with the community.

Decentralized gambling has its perks, notably transparency and fairness thanks to smart contracts. While decentralized apps offer a promising alternative to traditional centralized platforms, it's likely that both will coexist for some time due to differing user needs and preferences.
Personally, the appeal of decentralized platforms is strong for their innovation and security features.

Both could co-exist but there would really be significant difference when it comes to demand and recognition. Yes, we are really that liking on having that decentralized thing but we do know that
on this one it would really be better into those centralized ones in comparing about their main differences when it comes to accessibility and smooth gameplay on which we know that those centralized ones are
far more better. If you are someone whose really that giving or putting up importance about decentralization then you could really always have that option to stick with those current existing.
In overall it would really be just that depending into your own preference since not all would really be that having that kind of approach in between dex and cex platforms.
 It would really be just that on how you would really be forseen about their advantage and disadvantages.

[betswift]

Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks.

It’s a great reminder of how technology is shaping user preferences and the importance of considering both security and user experience. Looking forward to seeing how these platforms evolve and which will ultimately resonate more with the community.

Decentralized gambling has its perks, notably transparency and fairness thanks to smart contracts. While decentralized apps offer a promising alternative to traditional centralized platforms, it's likely that both will coexist for some time due to differing user needs and preferences.
Personally, the appeal of decentralized platforms is strong for their innovation and security features.

Both could co-exist but there would really be significant difference when it comes to demand and recognition. Yes, we are really that liking on having that decentralized thing but we do know that
on this one it would really be better into those centralized ones in comparing about their main differences when it comes to accessibility and smooth gameplay on which we know that those centralized ones are
far more better. If you are someone whose really that giving or putting up importance about decentralization then you could really always have that option to stick with those current existing.
In overall it would really be just that depending into your own preference since not all would really be that having that kind of approach in between dex and cex platforms.
 It would really be just that on how you would really be forseen about their advantage and disadvantages.

Absolutely, your emphasis on personal preference is spot on. It's about what matters most to us. The practical advantages of centralized platforms in terms of accessibility and smooth gameplay or security and transparency. Your perspective highlights the importance of making a choice that aligns with our values.

Clearly, user experience and ease of access currently favor centralized solutions.

But again, it all about underscores the subjective nature of preference between decentralized and centralized gambling, encouraging users to weigh both the pros and cons based on their own priorities and values.

[boyptc]

It's not a secret anymore that most of the gamblers prefer to get into centralized casinos.

I think since 2017 I've seen a lot of projects that have promoted with their goal to become a popular decentralized casino but it didn't work.

That's already enough to conclude that the majority of the gamblers here and outside prefer to get into those centralized casinos.

[Pumared]

It's not a secret anymore that most of the gamblers prefer to get into centralized casinos.

I think since 2017 I've seen a lot of projects that have promoted with their goal to become a popular decentralized casino but it didn't work.

That's already enough to conclude that the majority of the gamblers here and outside prefer to get into those centralized casinos.

I believe that the problem with not having a famous decentralized casino is not because it is decentralized but because they have not implemented the business model correctly.  And this does not involve it being decentralized or not.

[Abiky]

It's not a secret anymore that most of the gamblers prefer to get into centralized casinos.

I think since 2017 I've seen a lot of projects that have promoted with their goal to become a popular decentralized casino but it didn't work.

That's already enough to conclude that the majority of the gamblers here and outside prefer to get into those centralized casinos.

It's obvious gamblers prefer cenetralized casinos on top of decentralized ones. Centralized casinos offer better user experience, larger bankroll, lower fees, and greater accessibility. Gamblers have no problem using them, despite the fact that they're regulatory-compliant (KYC, AML). Decentralized counterparts will remain a "niche" to the privacy-oriented or tech enthusiast. While L2 networks show promising results (low fees, faster settlement times), not everyone knows how to use them (added learning curve).

At least, gamblers aren't tied to a single option. In countries were online gambling is "illegal", decentralized casinos does wonders. This is just getting started. We can't predict the future, so lets hope for the best.

[Gormicsta]

I prefer centralized gambling because from what I've seen decentralized contracts keep getting hacked over and over. If you check rekt.news it's just crazy.
Also there's other disadvantages. Decentralized transactions can get stuck, or suffer from very expensive fees like on ethereum for instance. So it's really counter intuitive to gamble on most platforms.

Also because of how centralized Web3 wallets are, it's easy to get hacked and not even notice it. Don't forget the Ledger web3 connector hack, that happen through just a github compromised account. It's crazy how weak the security of supposedly decentralized web3 infrastructure.

This event demonstrates that even hardware wallets, which are thought to be the most secure means to hold cryptocurrency assets, may be subject to assault. However, the problem did not affect Ledger's hot wallets, such as Ledger Live. This demonstrates that utilizing a hardware wallet is still a decent security solution, but users should be aware of the dangers and take extra measures such as storing their seed phrase and using a strong password, especially if they follow instructions. Even with all of these safeguards in place, there is always the risk of human mistake, as in the ledger incident, in which a single hacked GitHub account resulted in a large leak.

[ShowOff]

For me, gambling is more about having fun than making money. I don't really care if it's decentralized or centralized, as long as the deposit and withdrawal transaction fees are low then I'm fine. The main point is transaction fees rather than privacy, but users who tend to want to protect their privacy then decentralized casinos are for them.

Of course this is still only about me, so I'm not talking about other people or users. Any casino as long as it is trusted and has many deposit alternatives with low transaction fees, then it is worth trying.

[Pumared]

For me, gambling is more about having fun than making money. I don't really care if it's decentralized or centralized, as long as the deposit and withdrawal transaction fees are low then I'm fine. The main point is transaction fees rather than privacy, but users who tend to want to protect their privacy then decentralized casinos are for them.

Of course this is still only about me, so I'm not talking about other people or users. Any casino as long as it is trusted and has many deposit alternatives with low transaction fees, then it is worth trying.

Based on the parameters you gave, you will be able to play in both casinos, decentralized or centralized. However, the lowest fees tend to be for centralized ones, depending on the blockchain you use, decentralized ones can even give you a headache.