31 Jan '16, 1pm

bitcoin

For decades the federal government has stopped Americans from gambling on the outcome of elections, such as Monday’s Iowa caucuses . And, for the most part, it’s succeeded. Until now. Last week, with astonishing ease, I was able to place a symbolic $1 bet on the outcome of Monday’s vote from downtown Boston. I was able to do so simply by using bitcoins, the new “cybercurrency,” and the Internet. It did not require any great technical know-how. It did not require any information beyond what I could learn via Google. And if I had wanted, I could have kept the entire process anonymous, to the point where an army of G-men couldn’t have caught me even if they had tried. Good luck maintaining those gambling laws. First, I walked into a store in Boston’s Chinatown and bought a bitcoin voucher issued by a company called LibertyX . Then I went online, deposited my new bitcoins into...

Full article: http://www.marketwatch.com/story/this-is-how-you-can-make...

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