http://arstechnica.com/tech-policy/2013/05/feds-seize-money-from-top-bitcoin-exchange-mt-gox/
After the big bitcoin drop back in April I’ve been occasionally checking in on it for no good reason. Tonight the internet tells me that a Dwolla account owned by Mt.Gox was seized by DHS. Dwolla being a primary way of getting your government backed currency of choice into the deflationary speculation instrument of your dreams. The parts of the internet that care about BTC are in an uproar, naturally. Now everyone is waiting for the other shoe to drop which is to say, at some point it will be announced why the account was seized. The discussion camps seem split along the expected lines. The Romantics claim BTC will come roaring back as populist demand rises for the best money that can’t buy food amid the artificial scarcity brought on by the corrupt DHS, dancing on their puppet strings held by Wall St. / Bipedal Lizards in Disguise, clamping down on liquidity. The Schadenfreudians hoot their told-you-sos from the sidelines and speculate on the exact size and shape of the unsavory things to be revealed for them to roll around in like a dog on a three-day-dead squirrel.
I’ll close with a quote
I recently heard Bitcoins referred to as “Dunning-Krugerrands”, which I think might be the most perfect neologism I’ve ever seen.