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Board Beginners & Help
Re: Is SatoshiDice illegal?
by
skinturtle
on 21/08/2012, 03:47:58 UTC
Yes, but a .com domain can just be easily taken by the US government.

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On Friday, visitors to those sites were met with a message that begins: “This domain name has been seized by the F.B.I.” The government used the same controversial tactic of seizing domain names in actions last year against sites accused of copyright violations. Losing a domain name can be costly for a company that has invested in promoting it as the main route to its site. But the tactic can also be of only temporary effectiveness, because the company can switch to a new Web address that is outside the reach of law enforcement in the United States — one that, for example, does not end in .com.

http://www.nytimes.com/2011/04/16/technology/16poker.html

The owners of the gambling sites were brought to jail. If SatoshiDice wants an IPO, they need to start protecting their assets because if US cracks them down then we'll have nothing..
Oh no!  They'll have to buy a new domain name!

Yes, you can buy a new domain. But is the owner of the website anonymous enough to escape the law?

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Bitcoins are not money.

Zynga also lets you gamble with internet credits, remember

Thats a very good point.

No clue who, and what makes you so sure they even live in the US?

I'm not implying that they are living in the US. I just want to point out that if SatoshiDice wants to offer an IPO to the public, they need to secure all their assets. And a .com TLD is very dangerous to have if it is gambling business.

Yes, they can buy a new domain name, however a lot of users will be lost if it switch its domain name. And users will be flocking to other gambling bitcoin sites that are popping every month.