The operators of two exchanges for the virtual "currency" Bitcoin have been arrested in the US.

[Lonestriper]

[QUOTE=supersnail11;43693890]Not trying to argue that it being a commodity makes it legal, just that being legally classified as an exchange is dubious until Bitcoin is recognized as a currency.[/QUOTE]

I'm not quite sure you could define it as anything other than an exchange though.

[Sobotnik]

[QUOTE=stewe231;43692954]lol, banks are held up to scrutiny? If they do anything wrong they just give the government a cut of their profits and are sent on their way.[/QUOTE]

To be honest I trust regular banks more than bitcoin banks.

[ASIC]

[QUOTE=Desuh;43693879]FP really does have a hateboner for Cryptocurrencies.[/QUOTE]

I am pretty sure it is the opposite.

[Tengil]

[QUOTE=zakedodead;43696223]The DoJ is right Bitcoin is evil drugmoney because:

- uh a drug website used it once,
- etc

More like bitchcoin amirite guise[/QUOTE]

You don't know much about bitcoin and its relation to the black market do you?

Bitcoin enables criminal organizations with ease launder their money. Money made from human trafficking, drugs, extortion, assasinations and more.

Bitcoin among a few other cryptocurrencies also made it possible for pedofiles to make a profit out of sexually abusing children.

[O Cheerios O]

[QUOTE=Tengil;43715322]You don't know much about bitcoin and its relation to the black market do you?

Bitcoin enables criminal organizations with ease launder their money. Money made from human trafficking, drugs, extortion, assasinations and more.

Bitcoin among a few other cryptocurrencies also made it possible for pedofiles to make a profit out of sexually abusing children.[/QUOTE]

[URL="http://www.pcgamer.com/2012/11/14/personal-investigation-of-suspicious-tf2-earbud-trading-uncovers-potentially-nefarious-scheme"]Speaking of laundering and black market...[/URL]

Also good luck acquiring and selling bitcoins at the amount required for white washing a sizeable sum.
Most exchanges gets all mighty suspicious of that, and someone in this thread has already shown how large transactions can be tracked.

Oh, and lol @ suddenly dragging pedo's into this, smells like trying to list bad things just because.

[Lonestriper]

[QUOTE=O Cheerios O;43717648]
Also good luck acquiring and selling bitcoins at the amount required for white washing a sizeable sum.
Most exchanges gets all mighty suspicious of that, and someone in this thread has already shown how large transactions can be tracked.
[/QUOTE]

Most exchanges get mighty suspicious of that. Unless of course you run one or are in cahoots with the owner, just as these two guys were.