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Author Topic: Ups and Downs and its simple principles  (Read 1827 times)
helloworld
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September 07, 2011, 02:22:03 AM
 #21

Bitcoin doesn't solve the problem of online gambling bans if you are going Cash->BTC->Casino->BTC->Cash, it gives the Feds an opening to nail you on laundering charges.

LOL.  the same 'ol "laundering" fear tactic.  lame.


yeah, i agree.  good luck in court proving:

A.  a certian bitcoin address actually ever belonged to me
and
B. that some launderer didnt send me the coins to buy something legit.

by your theory if i sent someone a stolen/laundered bitcoin right now then that person is guilty of a crime.  that would probably make just about every bitcoin user a criminal eventually seeing how often bitcoins are stolen or laundered.

Do you get different coins if you deposit / withdraw from mtgox without trading?
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bitconformist
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September 07, 2011, 12:02:40 PM
 #22

Nice one fucker.

Well this is off to a good start

What about online gambling due to the fact that states around the world are banning it?

Bitcoin doesn't solve the problem of online gambling bans if you are going Cash->BTC->Casino->BTC->Cash, it gives the Feds an opening to nail you on laundering charges.

How would they know it was used for gambling?
Because bitcoin is inherently traceable. If you know an entry point (exchange), you can trace a coin through the system to an exit point (casino). The exchange can then be subpoenaed to identify you.

not with Tor.
Only if one or both of the businesses involved use tor.
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