[calvinmorrison]

It's a protected security at this point, not an unregulated and unprotected. If someone stole shares of IBM I would be just as upset.

It seems like the government is interested in all the benefits of treating it as a security and none of the protections that people deserve

[kelnos]

I'm not sure that's how I would characterize the situation. The government can certainly treat it as a security, and try to regulate it. But if you participate in an unregulated scheme, you get to keep the pieces when it breaks.