Regarding Bitcoin as a sovereign, I haven't heard this one before./quote]

The idea that Bitcoin is Sovereign is an old one, and should have more traction. One of the most AMAZING dramas in Bitcoin was around this. Mircea Popescu, one of the greatest Bitcoin trolls was running an exchange called MPEx. Erik Voorhees listed SatoshiDice shares on MPEx, and after a while the SEC came knocking. They emailed Mircea demanding information. The result was one of the most

Some of the gems from that conversation:
- SEC asks to speak on the phone, Mircea suggest #bitcoin-assets on Freenode instead.
- SEC asks for information again, Mircea politely requests they "sufficiently establish your authority to do so"first.
- SEC send him a formal letter, Mircea says he appreciates their efforts, but actually they need to prove that he or they have any authority over Bitcoin.

The whole thing ends with: "Bitcoin is a sovereign"