The Phaserl


Arrest of Bitcoin’s Shrem Occurs Amidst Levels of Injustice

from The Daily Bell:

Bitcoin Foundation’s Shrem Charged in Silk Road Drug Case … Two men tied to the illicit online market Silk Road, including Bitcoin Foundation Vice Chairman Charlie Shrem, were charged by U.S. Attorney Preet Bharara today in a complaint filed in Manhattan federal court. The vice chairman of the Bitcoin Foundation was charged by federal prosecutors with conspiring to launder more than $1 million in the virtual currency, the latest in a series of charges and forfeitures tied to the illicit online bazaar Silk Road. – Bloomberg

Dominant Social Theme: These people are criminals and it is good to catch them.

Free-Market Analysis: As what we call the Internet Reformation expands in terms of its impact, the rationale for many kinds of Western law enforcement diminishes.

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