zlacker

>>mikeyo+(OP)
Shouldn't all true crypto believers hate this news?

It's the government trying to enforce their opinion of who should own those Bitcoins, thereby taking power away from the owner that the network has decided on, which would be "whoever has the cryptographic keys".

>>fxtent+35
Seems like a win to me. The government had to physically go to their house and arrest them to get to their funds, whereas normally all they had to do was call up their bank and had their money frozen. Not to mention, this threat could have been easily mitigated by keeping your funds in a multsig wallet, with the keys distributed in multiple redundant locations.

>>gruez+G6
It's similar to privacy and surveillance.

To secretly monitor a single individual's communications, law enforcement should have to get probable cause, present their case to a judge and obtain a court order.

Dragnet surveillance of all communications all the time is a Very Bad Thing.

Financial surveillance and seizure is currently at the Very Bad Thing stage and bitcoin helps move us back toward a better balance between the rights of the individual and the interests of the state.