re: So what happens to Bitcoin now?

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Since I've never been there I didn't know they did that. Yeah that's a big deal. I thought you were talking about the dude who buys an occasional small bag of weed or a few Xanax

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The issue is whether or not they are able to obtain the information.

The standard for communication on the site between buyers and sellers is to use an encryption method that only the individual vendor can read. Not even the SR admins have the ability to read the messages.

So really, what they will have to rely on is that there is a rogue seller out there who is willing to give up his client list. I'm not saying that can't or won't happen, but it's not a given that the governments will be able to obtain any usable buyer info. And the sellers are even more protected than the buyers since they never actually have to provide any personal information (like shipping address). So unless they made stupid mistakes like DPR did, then they are pretty safe as well.

It's likely that most of them will move to BMR or another similar site that comes up to fill the vacuum.