Post
Topic
Board Gambling
Re: Using ToS against users normal?
by
LUCKMCFLY
on 24/08/2023, 22:04:38 UTC
Gambling with cryptocurrency has many advantages over gambling with fiat currency. It is of the highest interest among gamblers especially for quick payouts. However in both ways a gambler has to make KYC. I don't need to worry about KYC in the best gambling platforms. Because they provide good service for which their site has high reputation. KYC is an important factor in any gambling or casino platform, online or offline. There is no option of gambling by ignoring it.
There might be some options available right now for gamblers to gamble without completing KYC verification, but there won't be any in the future, so it's better if people start getting used to the habit of completing KYC verification at trusted platforms so that they don't have issues doing it in the future. Regulations have been catching every single platform lately, authorities are even eyeing decentralized platforms to be regulated in the future, so there won't be any left.

As you said, one shouldn't really have any issues doing KYC verification at a platform that is trusted and they know it wouldn't misuse their personal information and documents, and it's better to avoid new and untrustworthy platforms if they are asking for KYC verification, if they don't ask for it, one might try them out.
Now I began to adhere to the following opinion: When it comes to gambling using cryptocurrencies, then KYC verification is definitely evil and a bad solution to the issue.  If the game is with cryptocurrency payments, then you need to maintain a certain level of anonymity.  

But now, after all, an intermediate identification option has appeared and users of WorldCoin wallets are already using it.  In Japan, for example, two days ago there was even a queue of those wishing to receive some of these coins (about $50 at the current exchange rate).  For identification, it was simply necessary to scan the iris of the eyes and that's it.  The recipient of the coins already had his own wallet with these coins after that.  The whole process takes only 8 seconds.
 In my opinion, this identification method is very well suited for use in the cryptocurrency gambling industry and unequivocally guarantees confirmation of the deposit owner if he was registered in such a biometric way.  At the same time, it is not at all necessary to go through KYC in its classical sense, that is, indicating the name, surname, other passport data, and even more so sending all kinds of photographs of the face or even video.  
I don’t know which cryptocurrency casino will be the first to master this method of identification, but I hope such casinos will start to appear more and more.

I agree with what you say, with crypto there must always be a model of anonymity and privacy, it is not that anything we do with crypto is already known in the government or in some entities, whether they are banks, because That lends itself to many things, to collect taxes, to follow up, to see when you can win or lose, and to see how they do to take a part of that, and actually this technology was invented by Satoshi to bypass all Kinds of Regulations that It comes from Governments and third-party entities, which are Essentially in control of Everything, so if we Always Collaborate with KYC regulations, what was the use of all Satoshi's efforts? Although I can say something, the crypto, especially bitcoin jam's A government can have control, and fortunately things are like that, because it is not fair that it has it, apart from the fact that the conditions under which they are done must always be very strict, so if we start accepting fiat money conditions in crypto, it does not lose satoshi, loses is the person who does and accepts what a government tells him.

In part, it will always be very good to have a cypto account that a casino that is under a totally fiat currency, because the deposits with credit cards , with Deposits and bank Transfers , all this will be seen by the entities related to the government , so it is not the idea either, well at least it doesn't seem to me because it seems to me that things should be with respect to money that the government or any type of bajnco or something like that have control over our finances, although there are people who don't even pay attention to telling them all that They or some of them prefer to remain under the yoke of a bank, third parties or even worse that a government imposes on them, that is why I have always had a very irreverent attitude regarding these things, because a government will never Prepare for uqe give it benefits to your people, it is a lie and even so in some countries people Kill themselves for their rulers, which I see as a rather ridiculous attitude, but everyone knows what they want , what they think is Something very free and Everyone will learn when I should Learn..