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
Obvious no-true-scotsman. Believing that the goal of crypto is to circumvent laws regarding possession and theft is at most a fringe belief. The fact that this is at the top of HN demonstrates how devoid of merit crypto discussion here is.

>>TTProg+mo
All crypto uses that I hear about regularly seem to contradict that:

1. Chinese people using Bitcoin to move money outside of China, thereby bypassing government regulations.

2. People building private marketplaces (even if it isn't drugs), thereby avoiding paying taxes.

3. People doing blackmail and extortion directly and using crypto to try to avoid having the money tracked back to them.

4. People stealing electricity and then laundering that stolen energy by converting it into crypto which is then sold for money.

Really, name me any big crypto-based operation that actually pays sales taxes in all regions in which they operate.