[LINK] Raw Story: US seizes operator accounts of a subsidiary of Mt. Gox

Cyan

It's all right there in the title. Link. I believe the law under which the seizure occurred is Title 31.

Yes, I too am very interested in Bitcoin, but why is this relevant to Less Wrong?

The same reason that all of these other discussion posts are relevant to Less Wrong. I'm not really sure what that reason is; I just happened to know that there is some interest in bitcoin, so I was linking it in case those interested had missed it.

On a more specific note, a complete government shutdown is one of the causal mechanisms proposed when hypothesizing the long-term worthlessness of cryptocurrencies. The link provides a jumping-off point for a Less Wrong assessment of the newly available empirical evidence about this hypothesis. (I expected those... (read more)

11gwern13y

I don't think it is; you can't even frame it as 'the beginning of the end' because the market doesn't seem perturbed at all - the current MtGox rate is $132! ---------------------------------------- However, this is a good excuse to post an interesting excerpt I found recently as any. On 11 January 2009, Hal Finney wrote: [...] If Bitcoin goes to $10m per coin, does that mean we get an anti-anti-Pascal's-mugging rhetorical weapon where we can say '100m to one payoffs do exist in the real world, look at Bitcoin!'?

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[LINK] Raw Story: US seizes operator accounts of a subsidiary of Mt. Gox

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[LINK] Raw Story: US seizes operator accounts of a subsidiary of Mt. Gox

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