Quote from: dunand on August 22, 2012, 03:08:48 AM

Quote from: skinturtle on August 21, 2012, 03:32:52 AM

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Bitcoins are not money.

Zynga also lets you gamble with internet credits, remember

Thats a very good point. But Zynga credits cannot be exchanged to a currency while Bitcoins can be exchanged to a currency.

It's not possible to exchange bitcoin to a currency on the satoshidice website. Because of this I think SD is similar to Zynga

The legal definition of gambling in the United States depends on wagering some item 'of value'. I don't believe that the fact SD doesn't do the exchange matters - for a similar situation, exceptions to the law such as what you're talking about exist elsewhere in the world - see http://en.wikipedia.org/wiki/Pachinko. The fact that we don't have similar establishments in the United States would seem to indicate to me that something that can readily be exchanged for currency would count as having a value.