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?
I do not think that they are killing the crypto edge. You have to understand that crypto base gambling has also evolved. There was a time that only a Bitcoin address is needed. But when regulators find out the crypto is being used for what they define as illegal and illicit activities, everything has change. And then a period as well that Bitcoin fees are too high, very expensive that everyone of us uses altcoin including those that are pegged on US dollar.
So for me, it's pure adaption of the market it, otherwise if we don't maybe gambling industry could not be as big as this in today's time. And we don't have more choices on what to play. So it could be that the original design could have shifted, but we can still enjoy gambling with different cryptocurrency now.