As you may be aware, today's news:
http://www.talkgold.com/forum/r398092-.htmlDo you think this is going too far? Will other States follow in their footsteps. On one hand I do think that the whole drug issues around Bitcoin may be hurting those using it legitimately.
90% of dollar bills have traces of cocaine on them, and most transactions are done with fiat. If I would want to buy drugs, it is actually way more easier for me to buy it with fiat than with bitcoins.

The drug thing is only a poor excuse.