wedrifid comments on Singularity Institute now accepts donations via Bitcoin - Less Wrong

14 Post author: Kevin 28 February 2011 04:03PM

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Comment author: wedrifid 02 March 2011 09:48:31AM 3 points [-]

hey include the argument that since individual users are making the currency they are counterfeiting (plausible legal argument), or that each individual is acting as a bank(weak), or that all users of Bitcoin together make up an organization for purposes of RICO (plausible).

Counterfeiting is less plausible than the banking claim, not more.

Comment author: handoflixue 06 May 2011 06:07:38PM 0 points [-]

Given that WOW has it's own virtual currency, with a fairly brisk USD-WOW exchange existing (albeit in violation of a EULA), I'd say the counterfeiting claim does indeed seem very unlikely. Certainly, I've never heard of actual criminal charges - the few Google results for arrests seem to be from other countries or other crimes that just incidentally used WOW Gold.

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