Bitcoins Seized In Drug Bust

First time accepted submitter Salo2112 writes "In a case believed to be the first of its kind, federal authorities have seized a Charleston man's virtual currency due to an alleged drug law violation with possible links to a shadowy online black market. From the article: 'The U.S. Drug Enforcement Administration recently posted a forfeiture notice indicating that agents had seized 11.02 Bitcoins worth $814 from 31-year-old Eric Daniel Hughes for allegedly violating the federal Controlled Substances Act. No other details were provided.'"

Comments

Re:It was bound to happen

[pecosdave]

People do bargain directly with each other now. The government isn't involved in that.
See above.

Yes, we get that Bitcoin is potentially useful for tax evasion. Can you spell out why that is socially desirable?

Can you spell out why every transaction a person is involved in should be taxed? Instead of answering your question about why it is socially desirable I'm going to ask my own question. Is it socially desirable for me stand around in Kentucky Fried chicken, seizing a single piece of chicken from every order to feed some random individual outside on the street? What if I told you that random individual picked up trash on the highway - it doesn't matter if you litter or not.

If you can tell me why that is socially desirable, then you will have answered your own question.