Quote from: Plaguedeath on Today at 01:44:12 PM

Quote from: freedomgo on Today at 11:47:06 AM

Crypto has been known for anonymity. During the early stage, we like to promote it using the words "decentralized" and "anonymous "

Crypto was never been decentralized and anonymous, except Monero. Bitcoin itself isn't even anonymous, but pseudonymous.

I guess that's the right word, but with KYC, we don't enjoy that being pseudonymous anymore. Exchanges are regulated, the same with casino.

Quote from: borovichok on Today at 01:44:47 PM

No doubt, anonymity remains a key feature of many crypto transactions, including gambling. However, regulatory pressures and increasing scrutiny have led some crypto casinos to implement Know Your Customer (KYC) procedures similar to traditional fiat casinos. This move towards compliance with regulatory standards is aimed at enhancing transparency, preventing fraud, and ensuring a safe gaming environment for all gamblers.

That's been the purpose of regulation, but during the early stage, we don't realize that because we can afford to lose anyway since we don't gamble a lot of money. I mean, we can risk our money for the sake of getting anonymous while enjoying a fast and cheap transactions, better than FIAT casinos.

As the crypto market grows bigger, regulations are also increasing so it has become inevitable anymore and we have no choice but to follow, or play with a decentralized casino that are not popular and safe.

Quote from: borovichok on Today at 01:44:47 PM

This shouldn’t be surprising because society is dynamic and so there is always a need to adapt to changing market dynamics. The trajectory of crypto gambling suggests a gradual alignment with regulatory frameworks to meet industry standards and address concerns around legality and player protection. While the allure of anonymity initially drew many to crypto casinos, the shifting landscape indicates a move towards greater transparency and accountability.

Transparency, that's the thing, but it's good if our regulators or the government are not corrupt... We promote decentralization because it was safe from the prying eyes of the regulators but it just didn't work that way as in the end they still win the battle and they still are in control.

During the early stage, we were so optimistic that bitcoin will replace fiat, but we are just being delusional becasue despite the popularity of bitcoin, it is still not capable of replacing fiat which is created by the government that regulates crypto.