Quote from: Lolcust on September 28, 2011, 11:40:33 AM

Quote from: Lupus_Yonderboy on September 28, 2011, 11:35:39 AM

Quote from: Lolcust on September 28, 2011, 11:14:35 AM

P.S.:
Having said that, how did those year-and-something old WoW-gold money laundering cases go, any arrests so far ;-P ? (do note that WoW gold has more in common with "proper money" than Tenebrix or Bitcoin or any other "cryptocurrency" of this general type)

WoW gold != proper money or else we wouldn't need blockchain based cryptocurencies at all.

Care to actually support that argument ?

What is "proper" money and how is it different from improper ?

I can store value in WoW gold, convert them to other forms of value storage, barter and trade with them... looks like monies to me.

You can also do the same with baseball cards, Magic the Gathering cards, postage stamps, etc. Does not make them 'proper' money. Also, I doubt any form of 'proper' money is controlled by a single private corporation. You brought the 'proper money' argument in and how WoW gold is more like it than LolCoins. By your subsequent arguments cryptocurrencies are just as much 'proper money' as WoW gold is, since I can store value in them, exchange them for other forms of storage, barter and trade with them, etc. So which is it?

Quote

Quite frankly, bullshit since I won't be able to sell them off.

Not at once. You can't cash out 77,000 btc at MtGox right now even if you wanted to, let alone exchange all your Lolcoins for btc. 50 or 100 btc worth here and there will never be noticed though, and is still enough for you live comfortably in your Eastern European paradise.

Quote from: nelisky on September 28, 2011, 11:43:15 AM

Scary, really scary... What was the name of that religion you are preaching again?

It is called the United States Code. The law of my land. Truth > willful misunderstanding. Most people don't get that until the gavel falls at the end of their day in court.