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betterthanwell comments on Less Wrong used to like Bitcoin before it was cool. Time for a revisit? - Less Wrong
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Looks like you may be too late. The US based Bitcoin exchange Tradehill had to shut down operations earlier this year because of this exact method of fraud. Here is a description of the modus operandi. The fraud was conducted via an intermediary payment processing service.
Interesting. Not that I was actually planning on committing large scale identity theft, mind.