...

Such irony

Some people seriously cannot read. This has ended, read the OP!

Ah yes I suppose a lot of well-meaning and intelligent people have faith in the idea that government can be made into a good and beneficial force. It's easy to come to conclusions such as the ones he presented from that sort of perspective.

it's just distractions, the "circus" part in "bread & circus".

Best parody-profile I've ever seen btw. Have a cookie.

To answer this question for OP:

No. I would rather have people stop looking to the government for permission or approval to do this or that. Government is potentially unnecessary and irrelevant, it just takes enough people to realize this

the government

what should anyone care what the us government decides about bitcoin? the us is not the world police, neither has the us anything to say at all about the law in any other part of the world. I don't give a fuck what the us decides about bitcoin.

some were eager to buy it at 266 $.

that doesnt mean anything.

The real question is what can you do with cash?  While I suppose you can't roll up a Bitcoin and snort cocaine with it, you can buy the cocaine with it.  Just like cash.  I think it is actually worse than cash for illegal purposes because of its non-repudiability, and actually less anonymous than cash for the same reason.  That's partly why it's galling for it to be linked to illegal activity, tax evasion and money laundering when nothing could be further from the truth.

Some have used it for those purposes, but it is actually not particularly well-suited to them.  It is actually better for legal economic activities than many of the fiat alternatives, especially for international trade where it can bypass currency exchanges and act as a universal currency.

If a vendor in Iran wants to sell a rug to someone in France, they can set a BTC price and it can be paid by anyone anywhere.  Neither the buyer nor the vendor have to know anything about the exchange rate or even know what currency the other country uses.

this thread so much dumb 

you are suggesting that we all are ready to pay 120 $ for a bitcoin.

that is not true.

Only positive I can see is that it's opened up the market for more silkroad alternatives, thus more competition and better deals for the customers. People can learn from the mistakes/sacrifice of DPR and we can mock the FBI for their epic failure in trying to control the online drug trade  

I am scared because SR is down and ASIC market is oversaturated...

so, what are bitcoins used for lately? bot wars on markets?

what are bots for?

Today some teams career will have been made on the arrest of silk roads owner. What it also means is that the US government has become one of the larger BTC holders out there via their seizure. It also means that the government is finding its feet in terms of understanding bitcoin.

This is very important in terms of the US government being a partner in Bitcoin. It proves to them that bitcoin is not beyond their reach or understanding. It means that some of the best experts on bitcoin are within the FBI and financial crimes departments. Is is an important step towards proper regulation and support by the government. It also means that scams will be less easy to pull off. The victims of pirate should be happy knowing this, as should future investors be comforted in knowing the government it not totally powerless to enforce law and order in the virtual space.

Maybe you won't buy as many drugs online from here on out, but we can look forward to buying a lot more normal, legal, things.

It's a good day (scary on the exchanges) but a good day nonetheless.

market price is set by market, obviously.

and you are obviously long on bitcoin.

Economic value is not the same as market price.

If you read who I was responding to, pointing out the obvious seemed necessary.