Post
Topic
Board Gambling discussion
Re: KYC and the $5 hammer
by
Best Dreams
on 25/07/2019, 23:30:17 UTC
A theme  topic, whatever often talked about on this forum, is the $5 hammer attack.
Many people suggest to keep your bitcoin holdings secret, thus preserving the anonymity of bitcoin to a certain degree.
But then you get sportsbooks asking for photos and passports, and god only knows what else.
If a sportsbook wants all this, I respectly suggest they change to fiat.
Agree with this, because some people use crypto to gamble is to make sure they still anonym, if ask people to do some KYC in crypto gambling site, it will not different with gambling site that use fiat.
Crypto is anonymous  it is the reason why people are not agree to share KYC if they will share it could consider to be dangerous for the investors and their investment. In fiat people use to share their KYC as they feel safe about it but I think if they will share KYC in crypto even then it is not issue as why would the casino share someone else's identity.