Hacker News Reader

Summary:

1: A DOJ indictment is unsealed which names everyone [involved in] BTC/USD exchange, as a criminal defendant.

2: The BTC/USD price falls to 0 and remains there. BTC are permanently worthless.

The crux seems to be: "the defendants knew that BTC were used for organized criminal activity. Therefore, they knew they were transferring money for criminals."

He also claims that: 'Government control (excuse me, "public oversight") of all major monetary transactions is one of the basic attributes of sovereignty in the modern world.' - this also sounds dubious - the money laundering laws are not that old and I don't believe they became 'basic' in that short time span - also a government controlling all transactions is a very totalitarian design.

More specifically, the charges behind (1) are predicted to be on money-laundering.

I think you're looking for this -> http://reddit.com/

How HackerNews Dies.