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Author Topic: Privacy almost looking abnormal online.  (Read 411 times)
uneng
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February 21, 2026, 07:34:59 PM
 #61

One of the main flags in crypto industry during its beginning was privacy. However, as adoption went on, and more people came into crypto industry, privacy ceased being an essential attribute to become an eccentricity. Even crypto adopters started defending regulations as something good and necessary, what sounds contradicting, because what is the purpose of cryptocurrencies then if they are going through the same route they were created to become an alternative to?

It's pointless, but at the current point, there is little to do, as most services here (and the most trusted ones) are already regulated, and therefore, don't respect your privacy in anyways.

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Odusko
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February 21, 2026, 07:39:18 PM
Last edit: February 21, 2026, 10:02:02 PM by Odusko
 #62

With the state of things in the cryptocurrency sector lately, privacy is now becoming a thing of the past. This is because quite a lot of recent mainstream actions to adopt cryptocurrencies like Bitcoin have shifted us towards bringing government laws into cryptocurrency, such as Bitcoin ETFs and institutional adoption of major crypto assets. This has changed the look and approach to privacy and how we handle it.
Unregulated casinos are not in any way connected to the privacy-oriented aspect of cryptocurrency, and we should try to separate them from one another.
Regulation comes with compliance, this means that even if a casino is licensed and values its players' privacy, it will find a way to combine both privacy and compliance, which is why you see some No KYC regulated casinos.

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February 21, 2026, 08:29:21 PM
 #63

We can't deny that the primary reason for this formulation is to have every online casino users under KYC, making privacy look abnormal wherever it tries to relatively exist.

We don’t need to work with a casino that is KYC based before we can trust the casino. Long time trust, transparency and quality of service can also put them above other casinos offering the same services as them. The brain behind only using casino that are KYC required is ultimately exposing your privacy more which every crypto person would not want to expose. KYC licensed casinos are not becoming more and more powerful as they serve as an edge to make users trust their services as a casino that is approved by the government to run, so even when they face scrutiny from the casino, they can be sure they’re bonded by the rules of the law and the government will always stand as the third party to judge the case out. Little did most people know that those casinos can be used to also track and monitor your financial situation/progress.

 
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February 21, 2026, 10:09:40 PM
 #64

We can't deny that the primary reason for this formulation is to have every online casino users under KYC, making privacy look abnormal wherever it tries to relatively exist.

We don’t need to work with a casino that is KYC based before we can trust the casino. Long time trust, transparency and quality of service can also put them above other casinos offering the same services as them. The brain behind only using casino that are KYC required is ultimately exposing your privacy more which every crypto person would not want to expose. KYC licensed casinos are not becoming more and more powerful as they serve as an edge to make users trust their services as a casino that is approved by the government to run, so even when they face scrutiny from the casino, they can be sure they’re bonded by the rules of the law and the government will always stand as the third party to judge the case out. Little did most people know that those casinos can be used to also track and monitor your financial situation/progress.


I have never think about the possibility of KYC based casinos using someone's information to track any of there client if there is order from the government or case on ground that requires tracking
This is an eye opener and good to know,  but at the same time it is good and safe when transacting with such reputable organization because this helps to secure your account in case of any form of privacy encroachment and helps tighten security.

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Today at 07:33:55 AM
 #65

We don’t need to work with a casino that is KYC based before we can trust the casino. Long time trust, transparency and quality of service can also put them above other casinos offering the same services as them. The brain behind only using casino that are KYC required is ultimately exposing your privacy more which every crypto person would not want to expose. KYC licensed casinos are not becoming more and more powerful as they serve as an edge to make users trust their services as a casino that is approved by the government to run, so even when they face scrutiny from the casino, they can be sure they’re bonded by the rules of the law and the government will always stand as the third party to judge the case out. Little did most people know that those casinos can be used to also track and monitor your financial situation/progress.


I have never think about the possibility of KYC based casinos using someone's information to track any of there client if there is order from the government or case on ground that requires tracking
This is an eye opener and good to know,  but at the same time it is good and safe when transacting with such reputable organization because this helps to secure your account in case of any form of privacy encroachment and helps tighten security.
The tracking isn't as though your physical movements would be tracked but your financial activities can be easily tracked using the information required which you had provided in passing the KYC. There are instances where casino would demand the financial history/statement of the user when they're about to withdraw what is taken to be a big withdrawal size.
Compulsorily demanding you summit your information as KYC when without you willingly doing it, isn't that another form of privacy encroachment?


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Today at 07:42:41 AM
 #66

Personally, I would want some regulation, ensuring that a casino abides by the right rules and is fair to players. It's definitely something that should be done. It's definitely risky to play in an unregulated casino. A lot of discussion has been posted here about why regulation exists.

As someone who likes to be technical, I love seeing how they handle provably fair algorithms that are reliable in proving they're actually random and verifiable. With that in mind, it's best to see that as fair to the players and not just take advantage of the edge.

 
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Today at 08:40:48 AM
 #67

One of the main flags in crypto industry during its beginning was privacy. However, as adoption went on, and more people came into crypto industry, privacy ceased being an essential attribute to become an eccentricity. Even crypto adopters started defending regulations as something good and necessary, what sounds contradicting, because what is the purpose of cryptocurrencies then if they are going through the same route they were created to become an alternative to?

It's pointless, but at the current point, there is little to do, as most services here (and the most trusted ones) are already regulated, and therefore, don't respect your privacy in anyways.

To live a private life as a crypto trader or investor is the best you can ever do. It also includes being private with your gambling lifestyle. It is not supposed to be always and on everything though but at least it’s important to learn a low key lifestyle because it helps in your mental health and healing when you are broken. The only disadvantage of doing so again is that if you want to live such a private life, you must be very disciplined and careful about your decisions.

Bitcoin which is like the father of all cryptocurrencies started privately before it later got a more wider and public attention as well as adoption but all these were done privately until when it was mature enough to go out to the public. The same thing should be applicable to you whenever you set out for a goal. Until that goal gets to a certain an clear point, it is not meant to be disclosed but rather nurtured.

For example if you are a gambler and you are winning in your gambling games and have also built a solid discipline, then try and remain private and only share knowledge where necessary but if you realize you are battling with an addiction or something alike, you should open your mouth and talk to people that can come to your aid.

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