And as has been pointed out, to make a totally new block chain with 1 block containing everything but the FBI's coins is a hard fork of bitcoin creating an alt-coin that happens to be based on a snapshot of the bitcoin blockchain at one point in time.  You can call it a new blockchain if you want, but then it is a new blockchain based on the bitcoin blockchain which is a hard fork.

By the way, I think this is a great idea.  More power to people who want to experiment and see where the experiments go.  That is what is great about open source, you don't have to sit around debating something, you just have to go and make the changes and put them out there and see who adopts it.  It is the perfect way to test ideas and let people vote with their money to see what they prefer.  And it will put an end to the endless debates (well, probably not) from people who want to remove fungibility from bitcoin, so PLEASE go for it!   (And go for the forks for ID-coin, inflation-coin, not-fairly-distributed-coin, use-a-'useful'-POW-function-coin, etc are great ideas too so we can see how they all flourish...or not).

Anyway, I am really excited to see it!  I'd still like to know when this will launch.  By the way, I'll be happy to sell my coins in this new alt-coin to those who believe that bitcoin should not be fungible once people are buying non-fungible-fork-coin.  

Silk road was a marketplace, yes, it was used to sell/buy drugs also. But this doesn't make those who used to sell and buy other legit things criminals. They got their bitcoins stolen. FBI STOLE bitcoins. It was their job as law enforcement agency to investigate and catch the drug dealers, not to behave like gangsters and just grab the whole bunch of coins.

In this case, the FBI only took bitcoins from Silk Road and from the individual(s) that were operating the marketplace.

It is not the fault of the FBI, that you chose to donate your bitcoins to Silk Road.

If you do not have the private key, then you do not have the bitcoins.  You donated your bitcoins to Silk Road when you sent them to a Silk Road bitcoin address.  You did so in exchange for a promise from Silk Road that they would: give you back the same amount of bitcoins when you request them, or would use them to make payment for something in their market if you ask them to.

The FBI did not steal your bitcoins, they confiscated the bitcoins that you foolishly donated to Silk Road.

How is that opposite? I said FBI legally (by court ruling) controls some part of the coins and the other part is still under instigation so they can't touch it...

These aren't the coins held in escrow (or not yet withdrawn) for legal things you sold you're looking for...waveshand

It is the job of the escrow provider to protect your bitcoins.  If they didn't do that sufficiently well, then your complaint is with the escrow provider.  You should be more careful in the future who you trust to hold bitcoins in escrow for you.

It is the job of the individual to protect themselves from everyone. Bitcoin, as a tool, truly shines at this task, but it's up to the individual to take the appropriate steps.

Not sure which steps can truly protect against the totalitarians' boot stamping on the face of the world, forever.


They see value in showing innocents that if we even dare to think any association with liberty is free, we are sorely mistaken.

In Russia, block forks you!!!!