An IPO member thinks he can take legal action for stolen bitcoins. Well that "sounds wrong" to me. Or maybe I could be wrong... but I'm fairly certain bitcoin is not a Govt recognized currency that is backed up by legislation for misuse, theft, etc. You know of any laws that were passed recently by any states that declared bitcoins as an accepted commodity of value that can traded, etc. I'm all ears if you have!

The very nature of decentralization prevents any central authority to be able demand someone to pay up with an "or else..." attached to the sentence. So ya... it definitely "sounds right" when I say legal action is futile...