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Bitcoin-based online gambling

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Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission, said he had asked staff to explore whether consumers needed more protection from any mishaps with Bitcoin, whose value collapsed last month.

"Here's what I know for sure: we could regulate it if we wanted. That is very clear," Chilton told Reuters in an interview on Monday.

http://www.reuters.com/article/2013/05/06/net-us-bitcoin-regulation-idUSBRE9450Y520130506
 
Well yeah. Zero doubt about that. You can't completely sidestep society while using its infrastructure.

A regulated, universal e-currency would be cool. I think.

There'll probably be a fork at some point, a regulated/taxed Bitcoin and a renegade cryptocurrency.

Interesting times boys. Interesting times.
 
Matty
I don't know that SR's servers are fully untraceable. http://en.wikipedia.org/wiki/Tor_(anonymity_network)#Hidden_services

Would love to know how Dread Pirate Roberts is able to cash in his profits.
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That does not mean the hunt is over. "Traditional law-enforcement methods still apply," said Sandvik. "Writing-style analysis, looking at how people behave - when they post, when the site is available." Such analysis has already shed some light on Roberts. For example, he's not working alone. Roberts' posts occasionally refer to "we" and "our" - as he did when I messaged him - and Silk Road has posted a job opening for a database expert. His use of American spelling and the timing of his posts - rarely late at night on the East Coast - could suggest that Roberts is based in America. It's also unlikely that they're moving. "The Silk Road database is probably huge," Sandvik explained. "If he starts moving stuff, there will be a lot of red flags." As for whether they'll ever find him... "I imagine that maybe one day they'll pick up some guy for some other drug-related crime, search his house and just happen to stumble upon the server."
 
RogueJuror
Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission, said he had asked staff to explore whether consumers needed more protection from any mishaps with Bitcoin, whose value collapsed last month.

"Here's what I know for sure: we could regulate it if we wanted. That is very clear," Chilton told Reuters in an interview on Monday.

http://www.reuters.com/article/2013/05/06/net-us-bitcoin-regulation-idUSBRE9450Y520130506
Click to expand...
Haha good luck with that CFTC...

Its a anonymous currency for a reason.
 
Pretty little things.

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