This is a good article, but it's a much better article if you understand that everyone here is facilitating an underlying theft. The Bitcoin / gift card ecosystem isn't an arbitrage opportunity or payments facilitation; it is a laundry.https://twitter.com/theintercept/status/1066020161348616192 …
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One of my best comments on HN, which I'm going to avoid linking to to avoid causing a one-time mistake to follow relatively benign-intent startup founder around for life, was "Do you understand who is willing to receive $50 in consideration for $100 in Starbucks cards at scale?"
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Reminds me of the MIT black hub club’s approach to card counting. It looked like a clever unbeatable trick, then was utterly and permanently beaten with some pretty simple policy changes.
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