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Author Topic: 2013-02-06 The New Underworld Currency...  (Read 820 times)
Piper67
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February 11, 2013, 11:33:54 PM
Last edit: February 12, 2013, 02:41:52 PM by Piper67
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http://www.dailydot.com/business/bitcoin-online-gambling-us-poker-sites/
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February 11, 2013, 11:43:17 PM
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"Right now they are just stopping financial institutions from funneling money to these gambling sites," Kaplanov said. "Using a Bitcoin, you're able to circumvent that very easily."

But this may not be the case forever. Though a representative from the Department of Justice did not return the Daily Dot's request for comment, Kaplanov said he worked closely with the department's task force on digital currency during his research. He believes the federal government will ultimately modify the law to include Bitcoin transactions, and that they will likely be within their legal limits to do so.

"You're still betting," Kaplanov said. "It's not about the medium. The federal government has already made it clear it has an interest in stopping the action of gambling."

I'm wondering how they think they can regulate bitcoin online gambling  Huh

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February 12, 2013, 12:03:20 AM
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I'm wondering how they think they can regulate bitcoin online gambling  Huh

It's not about the elimination of all gambling services. it's about the capture of the individuals who run said gambling services. If you're not anonymous and you own a gambling service and is located in the US and is well known where you work....well...you're screwed.  It doesn't matter if said gambling services continue to run without ever being shut down.

SatoshiDice, I am looking at you.

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February 12, 2013, 12:04:48 AM
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I'm wondering how they think they can regulate bitcoin online gambling  Huh

It's not about the elimination of all gambling services. it's about the capture of the individuals who run said gambling services. If you're not anonymous and you own a gambling service....well...you're screwed.

Exactly. They wouldn't stop Bitcoin, but they could go after the websites and their owners.
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February 12, 2013, 02:35:52 PM
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This article is Feb. 6, not 11. I got halfway through before realizing it was an article I read last week. The date in the Subject line is supposed to be the date of article publication, not the date it was posted to this forum. Thanks for posting it, though. It was a good article.
Piper67
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February 12, 2013, 02:41:36 PM
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This article is Feb. 6, not 11. I got halfway through before realizing it was an article I read last week. The date in the Subject line is supposed to be the date of article publication, not the date it was posted to this forum. Thanks for posting it, though. It was a good article.

Sorry, I misread the rules. I'll edit the subject line now... Cheers.
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