Quote:
Originally Posted by ten25
So you're saying even if you send from WPN > your own wallet > Circle that Circle can still trace it back to being a gambling transaction? I really don't want to be taking chances with my money
With Bitcoin the ledger of transactions is public... so you can go back and follow all the previous transactions that coins have taken since being created.
But, you don't know who owned any of those addresses used in past transactions. The addresses are just long strings of numbers of letters.
So Cirlce would have to know that a certain address belonged to WPN to know that your money came from them. That would be very difficult to do if WPN creates and uses new addresses every time.
And even if they
did know a certain address was WPN's... they won't know that the address WPN sent the withdrawal to was yours.
An example:
- Bob withdraws from WPN to an address in his personal wallet, then sends to his own Circle account.
- Dave withdraws from WPN to his personal wallet, sells that bitcoin to Bob for cash, and sends the bitcoin to Bob's Circle account.
Both of those situations look exactly the same to Circle or anyone else that looks at the transaction records.
You're Bob... Circle won't know if you withdrew from WPN, or if you received bitcoin from someone else after they had withdrawn from WPN.
TL;DR: It's technically possible, but unlikely. Can't guarantee anything... but the method described has worked for many people for a long time.
And from the few cases I've seen so far, even as a worst case they would only refuse service and you'd be free to withdraw your bitcoin and sell it another way.