Back in the day we were just using the major coins like Bitcoin and some altcoins - no stablecoins yet. We gambled with the price volatility too, but we liked it because it was non-regulated and gave us full freedom in gambling.
Now crypto casinos are very regulated already, meaning we have to comply with KYC. And if we’re using stablecoins like USDT, USDC, BUSD, etc., then it’s really no different from fiat casinos since both the payment method and the casino itself are regulated.
The downside is, does blockchain now just feel like a wrapper? If I’m using USDT, it feels no different from betting with dollars on a centralized e-wallet, aside from slightly cheaper transfers.
So that’s my question, are they killing the crypto edge we enjoyed before?
Back in the day, you could only gamble with Bitcoin because Bitcoin was a new thing to the world and since it was also the most popular currency and others weren't as popular as they are today, companies prioritised Bitcoin. Later, they adopted Ethereum, Litecoin and some other currencies.
To be fair, in 2015-2016, I didn't even know if there were stablecoins, despite the fact that I've always thought that Bitcoin with a stable price would be a great idea. Btw what I like about Bitcoin is that we could place a bet as low as 0.00000001 BTC while we could never bet anything like $0,00001. That's where Bitcoin has always been shining.