Today some teams career will have been made on the arrest of silk roads owner. What it also means is that the US government has become one of the larger BTC holders out there via their seizure. It also means that the government is finding its feet in terms of understanding bitcoin.

This is very important in terms of the US government being a partner in Bitcoin. It proves to them that bitcoin is not beyond their reach or understanding. It means that some of the best experts on bitcoin are within the FBI and financial crimes departments. Is is an important step towards proper regulation and support by the government. It also means that scams will be less easy to pull off. The victims of pirate should be happy knowing this, as should future investors be comforted in knowing the government it not totally powerless to enforce law and order in the virtual space.

Maybe you won't buy as many drugs online from here on out, but we can look forward to buying a lot more normal, legal, things.

It's a good day (scary on the exchanges) but a good day nonetheless.