Feds seize money from top Bitcoin Exchange Mt. Gox(arstechnica.com) |
Feds seize money from top Bitcoin Exchange Mt. Gox(arstechnica.com) |
Within the next year I expect to see a cottage industry emerge where the true believers cash out frozen bitcoin accounts for pennies on the dollar.
Sure, the feds can shut down all of them eventually but how many innocent people are they taking out with this Sledgehammer-Shotgun approach? This is reminiscent of their heavy-handed takedown of Megaupload which caused legitimate individuals and business to lose access to their legitimate date.