Reply to post: I'm assuming...

Lloyds Bank bans Bitcoin purchases by credit card customers

Anonymous Coward
Anonymous Coward

I'm assuming...

When you place a bet, the money has to come from and go to the casino etc. Guess who also banks with the banks?

So win/loose, bust or pay out, the bank still gets their fees, and both the casino and the bank manage the "risk" of you winning or loosing so that neither is ever really out of pocket (unless they get the maths wrong, or too greedy).

However, they currently don't know the odds with bitcoin... much less all the other undesirable possible outcomes and changes in the law regarding those bits of coin.

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