Quote:
Originally Posted by Lint
Please be so kind and explain exactly how the US Government would shut it down?
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Just research the cases against eGold. It doesn't matter how much encryption or security and validation you can do to create a virtual currency. Once real world $$ values and begin to be transferring, like it does now, the service is deemed an "unlicensed money transfer service" and constitutes money launderding.
So as the topic suggests, if Adult sites begin accepting these bitcoins for memberships that relate to real world $$ valuse, you've just set yourself up to be investigated and charged for money laundering activies.
If you think anyone can just come up with a virtual currency economy and apply real word dollar values to without being licensed and regulated by the world governments, then I've got a bridge in SanFran to sell you.