Quote from: Wiwo on April 11, 2024, 11:04:55 PM

Quote from: EarnOnVictor on April 08, 2024, 08:00:57 AM

Quote from: Wiwo on April 07, 2024, 10:51:50 PM

Quote from: EarnOnVictor on April 07, 2024, 10:16:39 PM

The grievance of people buttress towards the way and manner cryptocurrency was introduced. Cryptocurrency mostly promised decentralization, privacy and anonymity, but the situation now is beyond that. Despite most of them still retaining those characteristics/attributes, the government has found ways to limit them by regulations through the companies and individuals transacting with them. This is a brilliant idea and I will always support it. Cryptocurrency cannot just be operating the way people want unchallenged, not when there are still working governments in the land. Fine, when it first came on board, the government would certainly be unaware or taking time to know how to deal with the situation. Those are the times you mention.

I use to think that way in the past that reasons why many gamblers are against regulations birth kyc is because of how casino handle the subject of kyc and how their go about their marketing, quite alright some casinos promised to be decentralised and none kyc by along the li e their get it introduced into the system, although this casinos should be classified in the class of scam casinos because most of the casinos that involve in such schemes always do so with the intended motive to scam the gamblers.

Because no legit casino will ask for kyc when the terms and conditions states their decentralised.

People have really suffered at the hands of those casinos and it could be worse elsewhere. Imagine, decentralisation means that there is no central authority or oversights, so why demand KYC? Who is deceiving whom? Well, a lot of people will still fall victim to this, that's the extent of how gullible they can be. This issue of running away from KYC casinos to find solace in the no-KYC casino has made many become a victim of scams as easily as possible. What baffles me is that many of these people only have a small amount of money to gamble and they got the money through a legit means as well.

So why are they so particular about privacy and no-KYC casinos to the point of abandoning the respectable casinos that would not scam to try those they knew little or nothing about to the point that they lose all the money to them? To make it worse, for those of the casinos who would stay, the No-KYC casino over time may switch to KYC casino, is that not using their heads?

The thing is clear, because when a casino call themselves a decentralised casinos, it becomes 100% free from kyc and by that it means, that casinos have no right to ask players for kyc verification and anytime their so is either their have become centralized to avoid crack down by regulators.

Or their have become outrightly scam being that only when a decentralised casino want to scam someone that their come up with what is not and that way the make it impossible for the gambler to pass through their verification process.

This is a true practice of scammers, they must have intended it from the beginning and they are using the cryptocurrency system to get their evil perpetrated. This is why I always tell people that I will never join them in signing up for the no-KYC casino. And even if I had to sign up for a decentralised casino, I would have thought it through for a long time and would even resolve to choose the old ones only. This will also be happening if my trusted casinos fail me, which I do not see coming for now.

With the way I see it, it is easy for the so-called decentralised casinos to scam if they are not truly decentralised. And these days, I wonder if their Dapps are open-source to make people truly know that they are capable of the independence preached for all parties. In the absence of this, they can do unspeakable evil in the guide of the decentralised system.

That aside, don't you think that judging by the level at which the government is controlling the centralised businesses linked to the crypto space, soon or later, they will start clamping down on decentralised ones?