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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

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.

drcode 14y ago
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.
- drewblaisdell 14y ago
  Bitcoins are easy to track to Bitcoin addresses. Connecting these addresses with any useful data (like someone's identity) is more difficult.
  - polshaw 14y ago
    Surely this only holds until you want to convert into local currency?
    - drcode 14y ago
      yes, that's the crux of the problem.
lwat 14y ago
Yes, the major bitcoin gambling site SatoshiDice is making loads of money already. http://www.techweekeurope.co.uk/news/bitcoin-casino-105204 http://www.techweekeurope.co.uk/news/bitcoin-casino-105204
lectrick 14y ago
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.