[LinusKS]

Russ, you're right that a license from Gibraltar or wherever doesn't mean diddly.

The problems from the government's pov aren't legal ones, but practical ones.

There are three enforcement strategies.

One is to arrest owners/employees whent the travel to the US.

Another is to shut down funding mechanisms.

The third is to block IP's.

The problem with the first method is that few owners/employees are likely to make the mistake of coming here in the future.

The problem with the third method - as I understand it - is that trying to block IPs is technologically difficult and economically prohibitive. Also politically unpopular.

The second method is the one they're trying now. To my understanding there will always be ways of getting money back and forth, however, even if it means sending paper checks.

I think there will continue to be sites that serve the US market. They'll be private concerns (not public companies) that don't have owners or employees who live in or have close ties to the US.

The market will be smaller, less efficient, and more expensive, but it will continue to exist.