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?
You do realize that you can still gamble with BTC only? And that there are probably casinos that accept only btc. The fact that there are more options to choose from (like stablecoins) just gives you a choice.
And if you are playing with stablecoins all the sudden then it was your choice. Also, would you rather use unregulated casino these days? Imho i was gambling in them in 2 ways, with my cryptos and if they exit scam or not.
I rather sleep well knowing that my money is in some regulated casino, then in somewhere with anon devs that could close their doors any day without too much consequences.