27 Aug '13, 11pm

An expensive lesson against selling bitcoin on eBay

An expensive lesson against selling bitcoin on eBay

An expensive lesson against selling bitcoin on eBay By Michael Carney On August 27, 2013 A common fear among bitcoin bears has been that the loosely regulated, somewhat anonymous digital currency would lead to an increase in fraud and other criminal activity. But amid regulators and law enforcement scrambling to prevent bad actors from engaging in money laundering, drug and weapons smuggling, and tax evasion, all under the helpful cover of a nation-less cryptocurrency, comes a report of the most basic of online crimes that has affected products as commonplace as the iPhone. James Larisch, author of the whatilearnedtoday blog, shares a story in which he learned a several hundred dollar lesson about deals that seem too good to be true while selling bitcoin on eBay. In the process, he calls attention to the fact that bitcoin is still a wild west asset class around which regul...

Full article: http://pandodaily.com/2013/08/27/an-expensive-lesson-agai...

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