Quote from: j3steven on April 17, 2014, 12:26:26 PM

Didn't the US IRS decide that bitcoin was not currency and labeled it as property? If that's true, in your scenario wouldn't they be able to go to the police and say "i was on an online market and deposited bitcoins, or property per the IRS, to buy whatever i want. and someone stole my property."

Now, I completely understand that the police will do jack-squat (Chris Farley voice), but doesnt someone have a legitimate claim if BTC is stolen to claim it as stolen property?

ok lets talk about property. and lets convert blackmarket into the streets of detroit..

person: "hi officer i want to report a theft. i gave my TV, my car and my stereosystem to a drug dealer on the streets in exchange for drugs. i then found out that the tv, car and drugs were stolen and i cant now buy drugs of get my property back"

police: "so you were buying drugs... step this way"

property is property, and some dumb people will think that authorities will help out with any theft.. whether its financial or property. in my eyes.. people on drug websites should accept they will get extorted more so then on normal sites.. simply because.. you are dealing with criminals, and they know that the law wont help you. not because its property.. but because your doing a criminal act