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Author Topic: Safe Port Act (Online Gambling in the US)  (Read 2484 times)
cacba
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July 16, 2010, 11:23:47 AM
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Arent bitcoins the ideal way of transferring money to/from online gambling websites as they are anonymous, which avoids the safe port act entirely.

If the bitcoin exchanges work then the US$ <-> bitcoin is easy. All that is left is a gambling website that accepts bitcoins.

Why doesnt this exist?
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D҉ataWraith
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July 16, 2010, 11:41:55 AM
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See http://bitcointalk.org/index.php?topic=156.0

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cacba
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July 16, 2010, 11:51:34 AM
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Hmm, it does exist but no poker. No explicit odds.

Though it is interesting, its surprising that it isnt tied into an exchange from US <-> Bitcoin.
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July 16, 2010, 12:22:05 PM
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Arent bitcoins the ideal way of transferring money to/from online gambling websites as they are anonymous, which avoids the safe port act entirely.

I suspect they are not as anonymous as you think they are.
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July 16, 2010, 01:04:48 PM
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I wouldnt rely on what the "law" says.You are dealing with the mafia......
cacba
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July 16, 2010, 06:37:50 PM
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I suspect they are not as anonymous as you think they are.
They = bitcoins
Babylon
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July 16, 2010, 09:42:48 PM
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wasn't e-gold shut down for facilitating gambling?  I don't think bitcoins can be, since they are a decentralized p2p system, however the exchange sites certainly can. 

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July 16, 2010, 10:20:56 PM
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I am very interested in playing Texas Hold'em for BitCoins. I don't know how I can help, I'm not much of a programer, but I would consult for free on the gameplay side of things. Maybe even put up some seed money. And I would definitely play some poker.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
RHorning
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July 17, 2010, 01:08:41 AM
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wasn't e-gold shut down for facilitating gambling?  I don't think bitcoins can be, since they are a decentralized p2p system, however the exchange sites certainly can. 

E-gold may have had a fine imposed, but they are still in operation.  I don't know how effectively they are working at the moment, but they aren't out of business yet.

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Babylon
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July 17, 2010, 02:07:46 AM
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wasn't e-gold shut down for facilitating gambling?  I don't think bitcoins can be, since they are a decentralized p2p system, however the exchange sites certainly can. 

E-gold may have had a fine imposed, but they are still in operation.  I don't know how effectively they are working at the moment, but they aren't out of business yet.

Point being that any links between the exchanges and gambling sites is probably a bad idea.

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July 17, 2010, 03:42:29 AM
 #11

Lots of small exchanges might be the ultimate equilibrium. Sure they can spend 4months and $3M to hunt down and harass someone who is exchanging $2k/day. But if there are 528 more all around the world they might not even bother stopping the first one.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
imnichol
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July 27, 2010, 06:37:45 PM
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I am very interested in playing Texas Hold'em for BitCoins. I don't know how I can help, I'm not much of a programer, but I would consult for free on the gameplay side of things. Maybe even put up some seed money. And I would definitely play some poker.

http://bitcointalk.org/index.php?topic=80.0
Check out the most recent posts.

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