On-chain casinos making comeback with actual noKYC or same bait-and-switch?

memehunter

memehunter

Member
Seeing more "fully decentralized" and "pure on-chain" crypto casinos popping up lately. Claims of true no-KYC, instant to wallet, provably fair everything. Been burned too many times by "no-KYC" platforms that suddenly want documents after you win. Are these new on-chain casinos legit or just new packaging for same old shit?
Anyone actually using them? Real experiences only please.
 
Timmy98 said:
eh?? whats difference between on-chain casino and normal crypto casino? both use bitcoin no?!
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On-chain means bets settled on blockchain itself. No accounts, no deposits sitting on platform. You connect wallet, bet happens on-chain, winnings go straight to your wallet.
Regular "crypto casinos" just accept crypto deposits but operate like normal casinos. Your funds sit in their hot wallet, they process withdrawals manually.

Big difference for transparency and custody.
 
Tried one called RollBit ages ago that claimed on-chain. Worked fine for small amounts then website went down for "maintenance" right when I got some real win. Tbf Ive got funds eventually but defeats purpose of "decentralized" if website can just disappear
 
Actualy on-chain casinos have real pros like no account creation, funds never leave your control (theoretically), transparent smart contracts with true instant settlement while cons bite yu as well like pretty limited game selection, fees on Eth, website still centralized point of failure and most devilish if smart contract buggy, everyone screwd
 
Steven37 said:
Actualy on-chain casinos have real pros like no account creation, funds never leave your control (theoretically), transparent smart contracts with true instant settlement while cons bite yu as well like pretty limited game selection, fees on Eth, website still centralized point of failure and most devilish if smart contract buggy, everyone screwd
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Not convinced they're better than good custodial crypto casino with fast withdrawals honestly..
 
Steven37 said:
Actualy on-chain casinos have real pros like no account creation, funds never leave your control (theoretically), transparent smart contracts with true instant settlement while cons bite yu as well like pretty limited game selection, fees on Eth, website still centralized point of failure and most devilish if smart contract buggy, everyone screwd
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That's my concern too. "Decentralized" sounds great until website goes down or smart contract has bug. Remember that Ethereum dice game that had exploit? Players lost everything and no recourse because "code is law"
At least with licensed one you have some accountability
 
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