Just come up with some noble reasons for anonymity
...

• Financial transaction by people who live in oppresive regimes

I was not aware of the fact that regulators need excuses to regulate something.

But if this is the case we can blame all the regulating-bullshit on Amir, can't we?

AMIR, ALL THE REGULATING-EFFORTS TO COME ARE ENTIRELY YOUR FAULT!

Joe

A. "That'll be 0.00005 BTC please."
B. "That'll be 0.05 mBTC please."
C. "That'll be 50 uBTC please."
D. "That'll be 50 bits please."

A and B are eliminated right off the bat because nobody wants to recall how many zeroes they've put after the decimal.

This leaves us with reasonable C and D, but the word "bit" is far more marketable than "micro-BTC". Micro-BTC just doesn't roll off the tongue like bits does.

Yes, i am.
fractional reserve banking is a form of fraud.
the fact that the market should be free does not mean that there is no rule of law to prevent fraud.
if a bank wants to loan a client's money it needs to ask the client to loan it to the bank first.

I propose "tit". Immediately appeals to about 50% of the world's population.

Seriously though, 1 bit = 100 satoshis is perfectly fine.

When Newton wrote Principia, our understanding of the natural world was enhanced.  When cars replaced horse-drawn buggies, our mobility was enhanced.  When the assembly-line factory was invented, our productivity was enhanced.  When the internet was created, our capacity to acquire information and communicate with others was enhanced.  When bitcoin was created, our ability to store, transport and exchange value was enhanced.  

We adopt new technologies because they are useful.  Things that are useful are obviously useful for both good and for bad.  This has always been the case and is why whenever something new and useful comes around, certain groups fight it so hard.  In all my examples above, progress was fought by people based on fear.  With the Newton, it was heresy that a man could claim to understand the motion of the heavens, "for they are God's creation."  With the Internet, the web would become a haven for crime, terrorism and child porn.  

The fact that there is so much fear around bitcoin reveals that even those who fight it have subconsciously accepted how useful it will become.  

Why change it to bits?  Because you just explained the same thing in 3 different ways, μBTC, MicroBitcoin and uBit.

This assessment is partially correct.
the president can't fix the economy any better than the soviet union could centrally manage theirs successfully, it is not possible to reach economic prosperity by having someone with a gun telling everyone how much to produce of everything.

the way modern economies work today is broken.
the main problem is that we no longer have free markets, mainly because central banks try to centrally control the amount of money and credit in circulation by setting an arbitrary interest rate, instead of letting the market decide what the interest should be.
the president could in theory abolish the central bank, and stop the commercial banks from conducting fractional reserve lending, and stop propping up failed businesses, which is why he is somewhat responsible for this mess.

Does any nation have a constitutional clause guaranteeing a right to anonymity? If not, then why is it more important than privacy?

Most people won't even accept a 5% risk of their children becoming homeless even in exchange for an expected profit of 100-fold.

Understand; however he could have made his point just by releasing the wallet. He didn't have to BRAG about the illegal usage. Its like bragging about the crimes you committed when the feds are arresting you.

"Anything you say can be used against you. You have the right to remain silent"

Isn't the developer shooting his own foot by openly admitting he wants his wallet to be used for illegal activities and black market?

A group of Bitcoin entrepreneurs hoping to revive the bankrupt exchange Mt Gox has won backing for its controversial plan from a number of its creditors in the US, Canada and Europe.

The consortium, called Sunlot, is hoping that the additional support will raise the pressure on the Japanese bankruptcy authorities to halt the liquidation and transfer Mt Gox’s assets to new owners.

The plan has split the Bitcoin community, which is reeling from the collapse of the first and most prominent exchange for the virtual currency. Mt Gox filed for bankruptcy protection in February and said that 850,000 Bitcoins were unaccounted for. It later revised the number to 650,000 after finding 200,000 Bitcoins in an old digital file.

A Japanese court appointed a liquidator this month, and customers have been warned that they may get back few or none of the Bitcoins that they entrusted to the exchange.

By offering to distribute the 200,000 rediscovered Bitcoins to Mt Gox customers and giving them a 16.5 per cent interest in a revived exchange, Sunlot said it would offer a better deal for creditors than liquidation.

For its part, Sunlot hopes to use a deal to become a large virtual currency exchange, since many of Mt Gox’s creditors would have a stake in using it.
Groups of creditors who are suing Mt Gox in the US and Canadian courts were on Monday night planning to file legal papers in support of Sunlot’s plan, saying that they would drop their lawsuits if the group was allowed to take control of Mt Gox.

Jed McCaleb, Mt Gox founder, and former marketing head Gonzague Gay-Bouchery, who were being sued, have signed on in support. Mark Karpelès, Mt Gox’s chief executive, has not.

The impact of the agreements on the bankruptcy proceedings in Dallas in the US and in Tokyo in Japan – where Mt Gox was based – will depend on whether bankruptcy trustee Nobuaki Kobayashi decides they give the consortium additional credibility.

Mr Kobayashi was unavailable for comment on Tuesday, a public holiday in Japan.

Sunlot member John Betts, who worked on electronic trading platforms for UBS, Goldman Sachs and Morgan Stanley, said: “This is a complex process and a unique situation, and we offer the best and most practical solution for the customers of Mt Gox and help to Mr Kobayashi in the challenges he faces representing their best interests.”

Sunlot’s other backers include entrepreneurs Brock Pierce and Jonathan Yantis, and venture capitalists William Quigley and Matthew Roszak.

The group first tried to take over the ailing exchange in February when it went offline and said that hackers had been attacking the company unnoticed over an extended period.

The idea has encountered both positive and negative reactions among the Bitcoin community, with many expressing suspicion over the motives of the group and concerns about transparency. Sunlot has launched a website, savegox.com, to drum up support.

Stop posting up paywall sites as news sources.

Government-seized property is usually sold via auctions.

Shouldn't they do an auction to get the best price?

Gox started Goxing way back in June 2011.
When all the email addresses were released (after a hack/notebook computer theft) was the first time I got Goxed.

Soon after Gox helped make BTC crash all the way down to 1 penny, and many people got Goxed!