Silk Road was shut down and the FBI has arrested the man who runs and created the most sophisticated online drug bazaar to date. Ross William Ulbricht was arrested on Tuesday afternoon charging him with drug trafficking, money laundering and computer hacking, according to CNN Money on Oct. 2.
12/5: While we usually discuss fraud and scams, user “badguy23” gives us a look at the other side of the coin, where he tries to trick a sushi restaurant into replacing on a nonexistent order while on-air. Limitles calls in and gives his Christmas list for the radio hosts and the forum’s other users. Colonel Nigel Fabersham interviews an Aria floorman about their new Multi-Hand poker tables, but a weird twist occurs during the call. We discuss the failure of the new Revel resort in Atlantic City. We talk about the drama between Gobboboy, his mom, his dog, and his former friend Adam Junglen. Erik Ryland checks in and talks about his eyebrows. [Visit Website] [Download MP3].
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People are reporting this as a major stumbling block for broad acceptance of Bitcoin. I say, so what? Somehow I seriously doubt Bitcoin enthusiasts all over Thailand shut their digital wallets and deleted their Bitcoin Millionaire Pro Erfahrungen. In fact, if I had to guess I’d say they probably carried on business as usual and the ban hasn’t impacted them at all.
12/28: Mark and Matt close out the year with Iowa regulators stating they are up to the task of regulating online poker and Spain using Hendon Mob to track poker player winnings. Happy Holidays from the hosts of the Rabbit Hunt! [Visit Website].
Governments are going to introduce regulations to regulate virtual currencies, and Tradehill is already compliant with the regulations and will be proactive. We have more lawyers than engineers right now, so we’ll be on top of that. As long as people are proactive, the government will see we’re working within their realm. A lot of people thought Paypal was going to get shut down, and it definitely didn’t happen. I think you will see companies trying to get around the regulations that will get shut down. Governments will make it more difficult to comply.
This is a good question. Mark Dines a few years ago couldn’t sell a $1200 one ounce Canadian Gold Maple Leaf coin for $50, then $25, and finally could not give it away to people passing by on the street.
Bitcoins are a true 21st century currency. If you want to see how currencies of the future will be like download the Bitcoin client and start mining and trading today.