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?
Do you mean eliminating the advantages of decentralization from cryptocurrency because I know that is also one of the advantages of crypto so far, if that is true what you mean but I think they do not want to eliminate that advantage, maybe they use centralized USDT or USDC because it makes it easier for them when they want to make deposits or withdrawals on the gambling platform they play, the advantages of crypto decentralization will never be lost because this is one of the basic factors that brought cryptocurrency to develop so far and on the other hand, currently there are still gambling sites available that still allow betting using bitcoin and other altcoins and without having to do KYC on the gambling site.