If you want hearsay though..... word on the street is rawwolf made a killing in bitcoins. And no this is not a joke....
If you want hearsay though..... word on the street is rawwolf made a killing in bitcoins. And no this is not a joke....
So how is anything with what SWC is doing illegal?
You are not gambling with any real currency. Where does the law forbid this? Does this mean the Zynga poker on facebook is illegal since you can purchase more chips with cash?
You cash in with BTC and you cash out with BTC, no USD is ever involved.
Are you this obtuse? Of course there are USD involved. You think anyone that plays there is in it for Monopoly money? The Feds have said time and again, do not gamble online. Now I STRONGLY disagree with that stance, people should be able to do what they want with their money as long as they are not hurting anyone else. With that said, its the law and if you rub it in their face they will make an example of you.
Because USD is the only way to buy bitcoins?
Maybe you should look up the word laundering again, find a way to relate it to SWC (not BTC, I'm talking about SWC) then you can come back, call me stupid again, and then fail miserably yet again.
Bitcoins are mined through a program, I can get bitcoins without ever spending a dime of USD.
That's exactly what I am saying, but it's suicide for a poker company like Pokerstars to do that with the crazy fluctuations and huge volatility of BTC.
As a side note, you don't appear to really understand what IS illegal with operating an online poker site in the US and what ISN'T illegal. You've clearly demonstrated that by believing you just had a valid point.
Like I said, I can play online poker on Zynga and BUY, as in with USD, poker chips. Why is that?
I'm going to assume that you're throwing the white flag here.
You can debate the legality of BTC all you want, that's fine and that's up for debate, but what SWC is doing is just fine.
Also, I'm going to assume that you forgot your own password for the 100th time and made another account after self banning yourself for the 100th time.
You just demonstrated what a dope you are. You basically said Pokerstars can operate legally in the US with bitcoins. LOL.
You are just another Micon fanboy. Go follow him on the bitcoin site you and the other guy in this thread does.
It's tough to be the smartest guy around here.
Yes I did just say that. Please show me the error in my ways.
However, as I've stated before, I am not like Micon because Micon believes bitcoins are the future and I see bitcoins being an item of nostalgia in half a decade. I'm merely just going through the facts of the matter.
Per your logic, Poker stars or some other processor can setup pcoins.com and sell Pcoins for US dollars or any other currency. Lets say for every 1 Pcoin it cost 2 usd which you can easily purchase using your credit card from pcoins.com. Pokerstars then allows Pcoins to be used on their site. The players simply use their Pcoin wallets to fund pokerstars.com knowing that every Pcoin is worth 2 usd.
You cant possibly think my crude example above would fly, but why is this any different than using bitcoins to play on Seals?
IMO Seals could potentially be breaking more laws than FTP or Pokerstars ever did just on a much lower scale.
I have NO idea how Zynga works, but I am assuming even though you can buy chips for usd, you can not cash them out for USD. Is that correct?
Last edited by cmoney; 05-17-2013 at 07:03 AM.
Ribo sittin on 200k? you sell the plumbing biz, dawg?
Apparently individual accounts are now being seized as of this morning.
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