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

[Doan9269]

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

[Abiky]

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.

Of course. It's always about having fun. Every gambler knows it's almost impossible to turn a profit at a casino. Why do you think "the house always wins"? With decentralized casinos, gamblers can experience a fairer system that isn't meant to enrich the creator/founder himself. I'm yet to see whenever it'll be possible to invest in a decentralized casino's bankroll like it's possible with centralized counterparts. It'll be subject to the rules encoded on the smart contract itself.

While the main benefits of decentralization are privacy/freedom, and censorship-resistance, I believe gamblers will do just fine with centralized casinos. Again, decentralized casinos does wonders in countries where gambling is illegal. The industry evolves at a fast pace, so I'd expect decentralized casinos to match their centralized counterparts soon.

[Fivestar4everMVP]

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.

The downside of decentralized gambling is the fees, and the wait time for a blockchain confirmation for every bet one places, imagine playing a slot game and you have to wait for your spin transaction to be confirmed on the blockchain before you make another spin, and each you spin, you pay a fee for transaction confirmation on the blockchain network, this is not only time consuming, but also, you may likely end up spending a lot of money on blockchain fees alone over time, most especially, if there is no win for a long time, so as to recoup the money spent on blockchain fees and bets as well.
This is the only downside I could think of when it comes to decentralized casinos and gambling.

Now, moving over to centralized casino, there are actually alot of downsides, but amongst all, I think the most that stand out is kyc, alot of gamblers hate being made to pass kyc verification, but still many do not have a choice but to comply, most especially when their funds is already at stake, this i believe is one for the reasons why some gamblers will prefer to gamble on decentralized casinos where kyc is non existence, and funds immediately are are deposited to their wallet any time there is a win.

Overall, I will prefer decentralized casino over their centralized counterpart, but unfortunately for now, decentralized casinos are still developing, and currently lack a lot of features that usually ensures gamblers have a good gaming experience, in the future when decentralized casinos must have developed well enough, I think many will like and prefer them over centralized casinos, but this is not to say that centralized casinos will stop existing; No no, centralized casino will still be big, but decentralized casinos will be big as well, they both will co-exist, the same way decentralized and centralized exchanges are currently co-exising.

[FortuneFollower]

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.

The rise of decentralized gambling through dApps is indeed a game changer. High gas fees have been a bit of a downer, but like you mentioned, L2 solutions and other chains are starting to smooth out those issues, which is fantastic news.

As for dApps replacing centralized platforms, I think we’re on our way to seeing more balance between the two. Decentralized platforms offer unmatched transparency and fairness, which is super appealing. However, centralized platforms still have their strengths, especially in customer service and user experience.

I personally lean towards decentralized gambling. Yet, I believe there’s room for both to coexist, catering to different preferences within the gambling community.

[Pumared]

This have to depends on what we want, if we are interested in giving out private informations to their platform and don't mind the consequences that may come after, we can decide to use a centralized gambling platform which requires for KYC, but when we see that we cannot afford to loose our privacy with the level of the informations they will be requesting, we can then maintain with the use of a decentralized gambling platform, this should at least lessen the stress many gamblers are having as difficulties in using a KYC gambling platform.

In that sense, one will give you fees according to the blockchain and the other will take privacy and probably high fees. However, the centralized one can offer many more possibilities beyond games, such as investment, etc. So, it really depends on what each player wants to have for themselves.

[arjunmujay]

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.

Of course. It's always about having fun. Every gambler knows it's almost impossible to turn a profit at a casino. Why do you think "the house always wins"? With decentralized casinos, gamblers can experience a fairer system that isn't meant to enrich the creator/founder himself. I'm yet to see whenever it'll be possible to invest in a decentralized casino's bankroll like it's possible with centralized counterparts. It'll be subject to the rules encoded on the smart contract itself.

While the main benefits of decentralization are privacy/freedom, and censorship-resistance, I believe gamblers will do just fine with centralized casinos. Again, decentralized casinos does wonders in countries where gambling is illegal. The industry evolves at a fast pace, so I'd expect decentralized casinos to match their centralized counterparts soon.

If you look at it in terms of the game system, I think it's the same as winning only for the casino, not for the players. The games provided at the casino have been modified in such a way that the winning ratio is in favor of the casino.

However, if you look at freedom, decentralization will be a big breakthrough where everyone can find out about the casino and join there without any curtains that limit the players from gambling. In fact, as you said, all players who even prohibit gambling can easily use this gambling service.

[Jawhead999]

While the main benefits of decentralization are privacy/freedom, and censorship-resistance, I believe gamblers will do just fine with centralized casinos. Again, decentralized casinos does wonders in countries where gambling is illegal. The industry evolves at a fast pace, so I'd expect decentralized casinos to match their centralized counterparts soon.

Decentralized casinos will never ever become big because the loophole you mentioned above where illegal countries are allowed to gamble, this will make the government to force the casinos to follow regulations.

Since decentralized casinos can't survive to long, it's really questionable will the decentralized casinos pays the reward if someone win huge amount of money? as they can just run away and create another one using different names.

[wiss19]

Previously, I used to play offline more commonly, but when crypto became more popular, I started looking for some decentralized services to experience. Although in terms of scale, they are still too small compared to the market share of gambling, but for personal purposes, I think it meets the needs.

There are a few familiar names in the crypto space in terms of gambling, but they have never become a major force, and there are still some legal constraints that still exist, so there is promise in this field lots of exploitation potential.

I don't see any decentralized casino platforms around, people barely use them because there aren't any reputable ones or ones that have been operating for quite some time and people are confident in using them. Since a decentralized platform would require a user to connect their wallet on the website to gamble, and this becomes a concern for gamblers because you can't connect your wallet to a platform that you don't trust.

So, this is probably a challenge for web3 or decentralized casino platforms to earn the trust of the community that their wallets won't be compromised if they connect them with their website and that their funds will be safe, and then maybe they can get some gamblers.

[Lanatsa]

Previously, I used to play offline more commonly, but when crypto became more popular, I started looking for some decentralized services to experience. Although in terms of scale, they are still too small compared to the market share of gambling, but for personal purposes, I think it meets the needs.

There are a few familiar names in the crypto space in terms of gambling, but they have never become a major force, and there are still some legal constraints that still exist, so there is promise in this field lots of exploitation potential.

I don't see any decentralized casino platforms around, people barely use them because there aren't any reputable ones or ones that have been operating for quite some time and people are confident in using them. Since a decentralized platform would require a user to connect their wallet on the website to gamble, and this becomes a concern for gamblers because you can't connect your wallet to a platform that you don't trust.

So, this is probably a challenge for web3 or decentralized casino platforms to earn the trust of the community that their wallets won't be compromised if they connect them with their website and that their funds will be safe, and then maybe they can get some gamblers.

We've seen in the past but we dont know if they are still up or currently running because we do know that when it comes to demand then nothing beats out those centralized platforms.
For me its a bit hassle that you would really be having that kind of logging in with your own wallet when it comes to decentralized casinos and this is something that will really be that just not giving that good experience unlike with those current centralized platforms on which it is really that something that gives out that convenience and this is something that would really be that most gamblers are really that
preferring or liking into.  This is why it would really be better that you should be sticking on where your interest that sticking into.

We the community does really like on having that decentralization but there are really things which does have that exemptions when it comes to various things.
We cant really be that able to ignore on how these centralized platforms does give out or offers because if you arent liking that too much control or monitoring
then you could always opt out and choosing the other options.

[FanEagle]

Centralized, because decentralized (and I mean truly decentralized) means that there is no central power that can fix things when they go wrong, so if you face a trouble then you are all on your own and there would not be anyone that can help you with that. I personally suggest not having anything like that, it would not benefit you or anyone else.

Just go with centralized and that means if you ever face with anything, or any problems with the casino or basically any issues in general, then you just contact their support, if they do help you and fix it then it is a good casino and if they don't then it is a bad casino. Of course there are bad centralized ones, you just gotta pick the good ones and go with them eventually.

[ethereumhunter]

I don't see any decentralized casino platforms around, people barely use them because there aren't any reputable ones or ones that have been operating for quite some time and people are confident in using them. Since a decentralized platform would require a user to connect their wallet on the website to gamble, and this becomes a concern for gamblers because you can't connect your wallet to a platform that you don't trust.

So, this is probably a challenge for web3 or decentralized casino platforms to earn the trust of the community that their wallets won't be compromised if they connect them with their website and that their funds will be safe, and then maybe they can get some gamblers.

You can search on this forum as I thinks decentralized casino platforms available here. You can check Betfury, Bitcasino, and else doesn't needs you to register on that platforms instead you can connect your wallet to their sites. Actually, there are no needs to worry when you connect your wallets to your site because you have an options to create a new wallet and send the amount to that new wallet. Then, you can connect your wallet to the site without worry because all of your assets is not in the new wallet.

As long as the decentralized platforms can gives satisfying and convenient to their customers, they will gets many people comes to their site. Those people will used the casino to playing gambling and the best is they doesn't have to fills any requirements such KYC to the site. But that will depends on the rules on the site because the government still watching the decentralized platforms like what they did to the centralized platforms.

[LUCKMCFLY]

I don't see any decentralized casino platforms around, people barely use them because there aren't any reputable ones or ones that have been operating for quite some time and people are confident in using them. Since a decentralized platform would require a user to connect their wallet on the website to gamble, and this becomes a concern for gamblers because you can't connect your wallet to a platform that you don't trust.

So, this is probably a challenge for web3 or decentralized casino platforms to earn the trust of the community that their wallets won't be compromised if they connect them with their website and that their funds will be safe, and then maybe they can get some gamblers.

You can search on this forum as I thinks decentralized casino platforms available here. You can check Betfury, Bitcasino, and else doesn't needs you to register on that platforms instead you can connect your wallet to their sites. Actually, there are no needs to worry when you connect your wallets to your site because you have an options to create a new wallet and send the amount to that new wallet. Then, you can connect your wallet to the site without worry because all of your assets is not in the new wallet.

As long as the decentralized platforms can gives satisfying and convenient to their customers, they will gets many people comes to their site. Those people will used the casino to playing gambling and the best is they doesn't have to fills any requirements such KYC to the site. But that will depends on the rules on the site because the government still watching the decentralized platforms like what they did to the centralized platforms.

It is a fact that things are like this, from the casino you mention I could only recommend Bitcasino, in their wallet connection and everything, in Betfury they have problems with the gold people, note that it is not a casino that answers questions and requests from the eprosnas in the forum, which seems very rude to me, on the other hand, bitcasino.io is a casino that has very good acceptance, it is one of the most anti-UPs and they have a great capacity to do things well, decentralized casinos are the target and Eye of the governments, they have not been able to get their hands on it, so if you register and manage to enjoy, well I'm just telling you to enjoy while you can, because it won't. It will take a long time for a resolution to come out where they say that they will be able to take He controls or has power over the casino is decentralized only because of the blessed KYC problem.

[Pumared]

Centralized, because decentralized (and I mean truly decentralized) means that there is no central power that can fix things when they go wrong, so if you face a trouble then you are all on your own and there would not be anyone that can help you with that. I personally suggest not having anything like that, it would not benefit you or anyone else.

Just go with centralized and that means if you ever face with anything, or any problems with the casino or basically any issues in general, then you just contact their support, if they do help you and fix it then it is a good casino and if they don't then it is a bad casino. Of course there are bad centralized ones, you just gotta pick the good ones and go with them eventually.

Yes, in decentralized you will really have more freedom and everything that is preached in crypto. However, the centralized website can give you more options and ways to make money. And for me that's what matters most. Because if you want a lot of money betting at one time or another you will have to leave your privacy aside.

[topbitcoin]

It is quite complicated when it comes to decentralized casinos considering the games that are offered are fair or not to every customer and how do we know for sure that they will be fair and accountable if they really make a mistake or violate one of the ethics that can make customers lose, this is actually what I am confused about so far regarding decentralized casinos.
Meanwhile, there will also be many countries that oppose it, maybe blocking will occur in the case of decentralized casinos and will be very condemned on the other hand it will also be easily used to launder money for criminals.

I think so far it is better to use a centralized casino that has a legal basis and can be trusted along the way it will be much safer and more comfortable for now, I don't mean to reject decentralized gambling but for me personally there needs to be more logical reasons and things that can make me trust them before I gamble massively in that casino, just like before when offline gambling to online, basic things must be fulfilled as a value that we will be safe and worthy of gambling in decentralized casinos on crypto networks.

[Pumared]

It is quite complicated when it comes to decentralized casinos considering the games that are offered are fair or not to every customer and how do we know for sure that they will be fair and accountable if they really make a mistake or violate one of the ethics that can make customers lose, this is actually what I am confused about so far regarding decentralized casinos.
Meanwhile, there will also be many countries that oppose it, maybe blocking will occur in the case of decentralized casinos and will be very condemned on the other hand it will also be easily used to launder money for criminals.

I think so far it is better to use a centralized casino that has a legal basis and can be trusted along the way it will be much safer and more comfortable for now, I don't mean to reject decentralized gambling but for me personally there needs to be more logical reasons and things that can make me trust them before I gamble massively in that casino, just like before when offline gambling to online, basic things must be fulfilled as a value that we will be safe and worthy of gambling in decentralized casinos on crypto networks.

In relation to countries, I believe that the centralized one is the best option, as it can adapt better unlike the decentralized one. One can just not show some games or limit the users who enter or withdraw funds. While the other needs to be regulated because it involves crypto and only then needs to be regulated as a casino. So it's a very difficult path.

[ethereumhunter]

It is a fact that things are like this, from the casino you mention I could only recommend Bitcasino, in their wallet connection and everything, in Betfury they have problems with the gold people, note that it is not a casino that answers questions and requests from the eprosnas in the forum, which seems very rude to me, on the other hand, bitcasino.io is a casino that has very good acceptance, it is one of the most anti-UPs and they have a great capacity to do things well, decentralized casinos are the target and Eye of the governments, they have not been able to get their hands on it, so if you register and manage to enjoy, well I'm just telling you to enjoy while you can, because it won't. It will take a long time for a resolution to come out where they say that they will be able to take He controls or has power over the casino is decentralized only because of the blessed KYC problem.

That's the casino that I knows and I used before. Yes, I recommended Bitcasino too as what you said because I have a good experience using their site, whether having an account or using my wallet. But unfortunately, I don't used it for some time so I think there were a changes on the site which people needs to search by visiting on their ANN to knows for more last update information. Their site is an old site which have reputation like the other old sites such as Stake, Duelbits, and others. That will depends on convenience that people wants to search because playing gambling must have convenient to staying at the site. Whatever it is, whether it's a decentralized or centralized casino will be in under of the eye of the governments so people must be aware to find what casino sites that they will used to playing gambling.

[bettercrypto]

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.

The rise of decentralized gambling through dApps is indeed a game changer. High gas fees have been a bit of a downer, but like you mentioned, L2 solutions and other chains are starting to smooth out those issues, which is fantastic news.

As for dApps replacing centralized platforms, I think we’re on our way to seeing more balance between the two. Decentralized platforms offer unmatched transparency and fairness, which is super appealing. However, centralized platforms still have their strengths, especially in customer service and user experience.

I personally lean towards decentralized gambling. Yet, I believe there’s room for both to coexist, catering to different preferences within the gambling community.

As a gambler, of course, what gambling platform do you choose to enter, the one with KYC or without? Of course, if you choose your privacy to remain on the Dex gambling platform, you will remain to play gambling for sure.

Now, if the kyc is not big for you as a gambler, that means there is no problem for you if you gamble at a CX or DX gambling casino, as long as what is important to you is that you can gamble or win gambling.

[Abiky]

Yes, in decentralized you will really have more freedom and everything that is preached in crypto. However, the centralized website can give you more options and ways to make money. And for me that's what matters most. Because if you want a lot of money betting at one time or another you will have to leave your privacy aside.

Convenience goes above all else. And right now, gamblers have no intention of abandoning centralized casinos. I think decentralized and centralized casinos will co-exist for generations. A gambler will choose a casino depending on his/her needs. If you're living in a country where gambling is illegal, you should seek a decentralized casino that's privacy-focused (no KYC). Otherwise, you should stay on a centralized casino for complete peace of mind.

I sure hope gambling dApps improve to a point where it becomes cost-effective and easy enough to participate on them. Layer-2 seems to be the future for this. Who knows if someday decentralized casinos become as comparable as their centralized counterparts?

[livingfree]

In relation to countries, I believe that the centralized one is the best option, as it can adapt better unlike the decentralized one. One can just not show some games or limit the users who enter or withdraw funds. While the other needs to be regulated because it involves crypto and only then needs to be regulated as a casino. So it's a very difficult path.

Centralized casinos are still the best option for the majority of us. It's like a complete package that a gambler is looking for unless that gambler is meticulous and wants to find some more.

All of the features of centralized gambling is what a typical gambler finds while with the decentralized gambling, it just makes hard things to do for a gambler.

I sure hope gambling dApps improve to a point where it becomes cost-effective and easy enough to participate on them. Layer-2 seems to be the future for this. Who knows if someday decentralized casinos become as comparable as their centralized counterparts?

More attempts needed for these decentralized gambling to prove that they're worth it and foolproof.

[Pumared]

Yes, in decentralized you will really have more freedom and everything that is preached in crypto. However, the centralized website can give you more options and ways to make money. And for me that's what matters most. Because if you want a lot of money betting at one time or another you will have to leave your privacy aside.

Convenience goes above all else. And right now, gamblers have no intention of abandoning centralized casinos. I think decentralized and centralized casinos will co-exist for generations. A gambler will choose a casino depending on his/her needs. If you're living in a country where gambling is illegal, you should seek a decentralized casino that's privacy-focused (no KYC). Otherwise, you should stay on a centralized casino for complete peace of mind.

I sure hope gambling dApps improve to a point where it becomes cost-effective and easy enough to participate on them. Layer-2 seems to be the future for this. Who knows if someday decentralized casinos become as comparable as their centralized counterparts?

Exactly, in certain points both are good, it will just depend on how the player wants to use that casino. But normally the centralized one will always come out ahead because it is more complete and offers more earning and gaming options.