Bitzkrieg (OP)
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------bitcoiner@heart.email
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February 07, 2015, 02:13:09 PM |
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Do you think its possible? I just read the article about the Intel Security CTO pointing specifically to Bitcoin Gambling Sites as an easy way to launder money. Anyone here have some past and present knowledge about this? Is there a bitcoin casino right now who does this (speculation) ? |
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BitcoinStriker
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February 07, 2015, 02:20:35 PM |
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You mean like sending 3 btcs to a casino and then withdraw them?
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Hello.
Is it me you are looking for?
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panju1
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February 07, 2015, 02:24:17 PM |
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Since these sites have minimal withdrawal fees, these sites may be cheaper than using mixers.
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fox19891989
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February 07, 2015, 02:27:27 PM |
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You mean like sending 3 btcs to a casino and then withdraw them?
If they do in this way, they can do it in some solid altcoin exchanges, like poloniex, bittrex and so forth. Exchanges are more reliable than gamble sites. |
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umairsaleem
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February 07, 2015, 02:35:07 PM |
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This is entirely possible, the Bitcoin itself is a powerful laundering tool, Moreover, we got powerful Bitcoin mixer.
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(Lithium)
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February 07, 2015, 02:46:43 PM |
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the sites will have records about what you did.
I guess that is the weak point of using gambling sites as mixers
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Tdowns
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February 07, 2015, 03:07:18 PM |
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the sites will have records about what you did.
I guess that is the weak point of using gambling sites as mixers
Mixer sites also have a record which they are required to show incase of a dispute arises. |
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bitparadise
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February 07, 2015, 03:12:03 PM |
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How about blockchain.info sharedcoin, it is a very easy way to launder bitcoins.
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finlon
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February 07, 2015, 03:23:07 PM |
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Well, you can launder coins easily, using any services infact. Even using an altcoin exchange can help you do that.
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WEBcreator
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February 07, 2015, 03:58:55 PM |
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Well, you can launder coins easily, using any services infact. Even using an altcoin exchange can help you do that.
agree, there is a lot of way to launder money, easiest is with mixer , or altcoin exchanger, gambling perhaps too, either way, on or another scammer / thief gonna find a way to launder money |
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panju1
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February 08, 2015, 05:46:36 AM |
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the sites will have records about what you did.
I guess that is the weak point of using gambling sites as mixers
With mixing sites, you have to trust the site not to keep records. It is a leap of faith you are taking. |
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sherbyspark
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February 08, 2015, 06:21:13 AM |
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Well , even if you use gambling sites to launder, then obviously you will be laundering large amounts, as laundering smaller amounts won't make sense.
Then doesn't that mean that your deposit and withdrawal will probably be linked as casinos, generally won't have such a big BR themselves ?
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sandykho47bt
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February 08, 2015, 06:47:44 AM |
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It's interesting idea to laundry bitcoin using bitcoin gambling sites since you only have to pay tx fee
But, it's more dangerous than use mixer/laundry service
Use big exchange site is still better
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fred.perth
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February 08, 2015, 08:37:43 AM |
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How about blockchain.info sharedcoin, it is a very easy way to launder bitcoins.
Sharedcoin is very easily traceable. It is funny how inexperienced people can be tricked into thinking it is a reliable mixing alternative. A true mixer takes in your coins and gives you back different coins (as in, there is no transaction linking the new coins to the old ones. |
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EvilPanda
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February 08, 2015, 09:03:44 AM |
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Not many bitcoin casinos have enough liquidity to launder big money. Of course it's a possibility, but I don't think it's a problem. Still much more is being laundered right under their noses by old fashioned book-keepers.
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fred.perth
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February 08, 2015, 10:02:05 AM |
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Not many bitcoin casinos have enough liquidity to launder big money. Of course it's a possibility, but I don't think it's a problem. Still much more is being laundered right under their noses by old fashioned book-keepers.
Well i would say that this is mainly due to the size of the bitcoin economy, plus the fact that coins do not need to be laundered as much as cash. |
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Ingatqhvq
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February 08, 2015, 10:34:05 AM |
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Why do you choose this way? there are many good ways to launder your bitcoin.
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picolo
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February 08, 2015, 11:32:52 AM |
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Since these sites have minimal withdrawal fees, these sites may be cheaper than using mixers.
The casino knows the relationship beween the two addresses so he could theorically tell someone who is asking or be hacked by someone who would get this information. |
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KimNam
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February 08, 2015, 01:47:18 PM |
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i think somebody have tried this method some time ago, but we don't know  but, like other people said, just use mixed/shared coin service to launder your coin or an exchange (but can be traced) and if we launder bitcoin (in huge amount) in gambling site, we have a chance to get scammed |
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picolo
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February 08, 2015, 04:38:24 PM |
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i think somebody have tried this method some time ago, but we don't know but, like other people said, just use mixed/shared coin service to launder your coin or an exchange (but can be traced) and if we launder bitcoin (in huge amount) in gambling site, we have a chance to get scammed I talked about that with bitmixer : https://bitcointalk.org/index.php?topic=415396.msg10097131#msg10097131It is safer with a mixer than a casino because no logs is kept with a mixer while the casino has the information that links the 2 addresses. |
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