Re:Bitcoin breaks 30 USD
by OGinparadise on Thursday February 21, 2013 @10:16PM
(#5262338)
Could this be used (wholesale) to get around the US ban on online gambling? I read that the major sites were busted and execs taken to US courts but maybe this is more secure and harder to track? Probably enough serious gamblers and gambling sites will probably take the chance with currency fluctuations.
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Not in itself: Bitcoins are actually embarrassingly easy to track (the full transaction history is available to anyone.) However, you can certainly go through some extra hoops to make tracking more difficult.
Re:Bitcoin breaks 30 USD
by drewblaisdell on Thursday February 21, 2013 @10:28PM
(#5262400)
Bitcoins are easy to track to Bitcoin addresses. Connecting these addresses with any useful data (like someone's identity) is more difficult.
Surely this only holds until you want to convert into local currency?
yes, that's the crux of the problem.
Have you been living under a rock? Just about all the online gambling sites have BTC projects either in the works or already out there.
Yes, the major bitcoin gambling site SatoshiDice is making loads of money already.