Since LibertyReserve is Dead, would webhosts start using BitCoins?

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Bitcoin, has already been targeted by Homeland security way before they went for LibertyReserve. See the articles link below.

http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/

PayPal only locks account that are receiving more then $500 a year in USD. If you're receiving that much funds your account has to be reported to the IRS an you've to fill out a W2 form. Don't state file hosting business are legit cause they're not reporting there income they are earning from users paying for premium services which is a red flag to PayPal 100% of them probably aren't making user earning $500 a year fill out a W2 Form which makes them illegal aka money lanudrying.
 
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