3 ms·

I would think that online poker players or other gamblers figured this out a while back.

• yangez 15y ago
  Contrary to popular belief and government propaganda, online poker players aren't any more likely to launder money than you are. Back to the article, like another poster said, how is a bitcoin-based drug site any different in terms of anonymity than a cash-based one if you have to give your address out at the end anyway?
  • doyoulikeworms 15y ago
    Mailing cash is scary and risky. Using Bitcoin doesn't remove the risk of fraud, but it removes the risk of your payment being lost/intercepted.
  • hnsmurf 15y ago
    The winners are highly likely to evade taxes but have no need to launder. Money laundering is unnecessary because online gambling proceeds aren't illegal in most states, and even where they are the Silver Platter doctrine and the fact that AGs don't prosecute customers generally makes it not worth while. I played poker for a living in a state where it is illegal to do so and still just claimed taxes legally (which is unusual for a poker player).
  • sliverstorm 15y ago
    any different in terms of anonymity The idea, in theory, is that the use of BitCoins cannot be tracked by a third party. That is to say, Silk Road, you and your dealer are the only ones who know about the purchase. In theory all three of you do not keep records of the sale, unlike credit card companies, which keep records of EVERYTHING.