“Bitcoin gambling has been around for as long as the currency itself, which was created in late 2008. In fact, the timing couldn’t have been better. Two years earlier, Congress passed the Unlawful Internet Gambling Enforcement Act, which prohibited casinos from accepting payments for bets made online. The move pushed online gambling into the corners of the Deep Web, where users are protected by the Tor browser. And it created a high demand for online gambling sites based in Europe and Canada, where the practice is legal. In both cases, Bitcoin makes an ideal currency for bets placed, due to its anonymous nature and its low payment-processing costs.”
http://www.dailydot.com/business/bitcoin-gambling-just-dice-video-casino/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
The Top 5 Bitcoin Shops
CNN’s Sanjay Gupta apologizes for misleading Americans about marijuana
Write A House Is Giving Writers Free Homes In Detroit
South Korea 'has very strong concerns' the US might strike North Korea
The Next Head of Fannie and Freddie Gutted 'Audit The Fed' Legislation
Twitter bot alerts for anonymous Wikipedia edits from Capitol Hill
Guardian publishes third secret NSA document, on US cyberwar plans
What Do the Latest NSA Leaks Mean for Bitcoin?
Flagger - 'It's time to make some noise.'
Charles Burris: Demonizing Putin Campaign Continues
New Jersey Requires a Permit To Preach In Public
The 'Red Pill' Of Economics
U.S. Navy caught spying on whole state of Washington
Ben Swann Reality Check: Central Bankers Want Personal Savings Accounts To Pay For Bailouts?
Why is eBay eager to pay a tax that Apple works to avoid?