Idea: Offshore gambling as gateway between real and electronic money

[Bill Stewart]

At 11:35 AM 4/17/2004, Thomas Shaddack wrote:
>Adoption of anonymous e-money is to great degree hindered by the lack of
>infrastructure to convert this currency to/from "meatspace" money.
>However, there is possible a method, using offshore gambling companies.

You're trying too hard.
Gambling has always been a convenient money-laundering technique,
as long as the casinos accept the kinds of money you're trying to launder.
That's also why spook agencies get anti-money-laundering laws passed.

If the casino will take your ecash and give you chips,
and you want to make a pretense of gambling rather than
just turning the chips back in for conventional euros,
go bet ~half the chips on red, ~half on black,
some insurance money on green, and tip the croupier,
and the casino collects their 1/37 or 2/38 cut.
... Your winnings, sir.