PrimeDice.com

[kfjjjdst]

Bitcoin is all about being anonymous and decentralization, the fact that there has to be any regulations on tangible casinos is what Bitcoin is against. I don't want to make you think it's for an anarchist, because it's not. It's how you use it.

I'm not saying the site isn't illegal, but the minds that run the operation are probably aware of that and have taken proper procedure to protect themselves. I don't know all the facts though.

Oh and I think you had a typo, was you saying Bitcoin is a currency and not "currently"? If you meant currency then in the eyes of the US government you are wrong. It's a commodity and it can be taxed like anything else. There was a ruling on it not too long ago.

I see - It's interesting to see this concept of remaining anonymous, but it somehow reminds me of Liberty Reserve for some reason. These type of payment services [well, let's call them that] always lead to the same things. . .

I'm actually quite curious what actions one can take in such cases. Most governments are firmly against anonymous payment services, let alone gambling. If you think about it for a second, US residents and underaged people are allowed to gamble there as well - Not talking about certifications and licenses, that in itself is something that shouldn't happen in the right circumstances.

Most websites [I gamble on sports and use sites like bet365, betfair, betdaq, etc.] perform thorough KYC checks, because they know how serious governments, etc are about these type of things. Also - People are technically able to launder their money on this website, which is also something that is a very dangerous thing to play with.

I meant currency, yeah. It's considered a commodity? Lol. I assumed it's a currency, cause I saw XBT currency on xe.com the other day, so I assumed it's considered a currency now as well.

 

[Xolr]

I don't think there's much a government can do in a completely decentralized currency. LR was centralized through the site. Bitcoin is through every computer connected to the network. Every computer has the public ledger or all the transactions that have ever happened. Thus decentralization. There's not much a government can do but block ipswich lock ports which will just strengthen the protocol and make the prices crash for a week then skyrocket.

 

[NikeShoes]

Bitcoin isn't really considered a currency. Nobody really agrees on what Bitcoin is, and nobody agrees on what money is either. In fact, US recently decided to tax Bitcoin like property (as in like your house).
Also, Bitcoin is not anonymous. The only "anonymous" thing about it is that you do not need your name or identity tied to it. But the moment you leave a trace of your identity, ip address, or anything really anywhere, it is game over. For example, to use an exhange, you have to give up some personal information. That information is not private, even if the company claims it is. There are numerous ways to obtain this information, many of which the average user could never even contemplate because of how technical and complicated they are. These flaws range from capturing signals from the variation in electricity a computer uses to far simpler flaws like the recent Heartbleed glitch which was out for years.
A few papers have been published detailing how easy it can be to track and identify people with the blockchain and some information about a few of the nodes the target has interacted with. Anyone who thinks a single individual or small group of individuals is smart enough to think of every possible way their identity could be revealed so as to hide from the authorities (who consist of numerous professionals and academics devoted to finding and using these strange and unknown technical flaws) is sadly mistaken.

 

[Xolr]

Bitcoin isn't really considered a currency. Nobody really agrees on what Bitcoin is, and nobody agrees on what money is either. In fact, US recently decided to tax Bitcoin like property (as in like your house).
Also, Bitcoin is not anonymous. The only "anonymous" thing about it is that you do not need your name or identity tied to it. But the moment you leave a trace of your identity, ip address, or anything really anywhere, it is game over. For example, to use an exhange, you have to give up some personal information. That information is not private, even if the company claims it is. There are numerous ways to obtain tbis information, many of which the average user could never even contemplate because of how technical and complicated they are. These flaws range from capturing signals from the variation in electricity a computer uses to far simpler flaws like the recent Heartbleed glitch which was out for years.
A few papers have been published detailing how easy it can be to track and identify people with the blockchain and some information about a few of the nodes the target has interacted with. Anyone who thinks a single individual or small group of individuals is smart enough to think of every possible way their identity coud be revealed so as to hide from the authorities (who consist of numerous professionals and academics devoted to finding and using these strange and unknown technical flaws) is sadly mistaken.

He's right, but still for the most part bitcoin is anonymous. Kind of like how they can trace a dollar by the substances left on it, it's not really plausible to go after petty crimes or whatnot, even stuff that accounts to a messily 1.5 million dollars. These tactics will cost more in forensic technology then the crimes themselves.

Still though. Anonymity wasn't ever the biggest part of bitcoin. It's the decentralization that can't be trumped. The only centralization that will occur in bitcoin is what people allow to happen, exchanges....

 

[BigBoiBets]

Hosting gambling with bitcoin without a regulated gambling licence is legal, end of.