For many people the thought of using an online e-currency can be a scary thing. We have all heard the horror stories of people being scammed and money being stolen by dishonest companies, but there are some companies out there that have worked hard to build up a good reputation for being honest and do what they can to fight frauds and scams that use e-currencies.
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This wasn’t an easy feat for the FBI, as the website was setup as a “tumbler.” This is a system that is complex and used countless dummy transactions to digitally conceal where the money was coming from. The website used bitcoins in lieu of money, which also made it harder to trace.
For two and a half years, the FBI has been hot on the trail of finding the origin of Silk Road and finding the master mind behind this illegal drug selling website. The net worth of the bitcoin website is about million.
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12/22: Ryan Eriquezzo, WSOP Circuit Champion, makes an inspirational return to the show as he nears the end of his self-imposed 6 month hiatus from poker. There is much to learn from this young poker star who is quickly proving to be wise beyond his years. [Visit Website] [Download MP3].
Bitcoins are a true 21st century currency. If you want to see how currencies of the future will be like download the Bitcoin client and start mining and trading today.