Government Legitimizes Bitcoin

A quick note here. You’ve probably see the recent stories about how the US Government has seized millions of Bitcoins, the virtual electronic currency, in its initial stages of prosecuting the Silk Road enterprise.

Just want to point out here that by seizing the Bitcoins, and attempting to access them, the Government is tacitly legitimizing them.

Given the Government’s orientation on Bitcoins, and its’ long tradition of quashing alternative currencies, it may live to rue this day.