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, a great but forgotten 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 a hilarious email thread with the SEC.

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".

...but don't let me ruin it for you, read the whole thing.