The FEDS are now beginning their not-surprising goal of trying to eradicate the new interest-free money, the bit coin. They are afraid that people will start using the no-interest currency in place of the Federal Reserve’s monopoly phony dollars.
FBI take Note: Most drugs and guns are bought with Federal Reserve Notes, hell just ask your buds over at the CIA, they know a lot about illigal drug AND illigal gun running… shouldn’t we outlaw that method of exchange also? I mean in reality FED notes are probably worth less than bit coins. . . EDITOR
Bitcoin industry reeling as authorities shut down Silk Road online marketplace
Federal authorities said Wednesday that they have arrested a San Francisco man accused of running an online marketplace for illegal drugs and other illicit goods.
Users of the Silk Road Web site made purchases using Bitcoin, a digital currency that helped mask their identity.
During the past four years, the value of bitcoins in circulation has exceeded $1 billion, and the currency is widely used around the world. The arrest of Silk Road’s alleged founder, Ross William Ulbricht, and the shutdown of the site threw the market into disarray. . . . Read Complete Report
MSM Describes FBI Shutdown Of “Silk Rose” Website As “A Major Blow To Bitcoin”