Which in turn is bearish news for BTC in general.
I'd like for BTC to get rid of that "label".
not really bearish, DPR case was also good for showing broad masses that there's "law and order" in bitcoin world.
perhaps a bit off, but comparison to filesharing comes to my mind.
when napster suddenly was in the news, a lot of people were worried. then p2p and torrent started (kazaa, emule etc).
and now look at it today. the sheer mass of people sharing stuff via filehosters or torrents is ridiculous.
It became nearly an accepted situation now and authorities only going for the places spreading the stuff. the "megaupload"-case was the last huge thing there, still nothing changed.
Artists already realised the huge potential reaching much more people than via common commercial channels. (good quality simply spreads gloablly and attracts new customers)
Companies of course see their economical standpoint endangered and try to fight it. shitty stuff will perhaps be watched but not paid for by viewers.
at some point artists don't rely on contracts because if their product is good it will find its fanbase. (eg vince gilligan said in an interview piracy helped to create the cult status of "breaking bad")
i'm not using drugs (grown out of it - it was funtime though), but i find this system much better than consumers getting in danger buying shitty stuff on the streets they know nothing about its quality.
just my personal opinion here.
bitcoin will face a lot more bad publicity in the future.
it simply fits too well on the dark side right now. people can use it as blackmarket currency, for money laundering, fraud and lot of other stuff.
this is not pretty but society integrates btc as a tool for whatever it's useful and that is to a part the illegal stuff.
at the same time there's a lot of potential as the future global currency for digital media and web services.
internet is about a globally connected world. it's logical it needs its own global currency.
if btc will be that...nobody knows...but it's the first big step in the right direction
always two sides of the coin. (internet is also used for communication by terrorists, pedophiles, slave traders etc)
humanity is what it is...with all its beautiful and ugly facets
ergo it uses neutral tools for every possible good and bad purpose.
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