Bitcoin revisited

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Bitcoin is getting a lot of attention lately, I think the price has tripled in the last month or two. Some recent news articles suggest it's gaining in popularity:
Kim Dotcom's Mega is now accepting Bitcoins- The Inquirer
Alberta man attempting to sell his home for digital currency
Why Bitcoins Are Just Like Gold
When Governments Take Your Money, Bitcoin Looks Really Good
Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab
Finnish Company Leads the Way in Evolution of Currency by Offering Bitcoin as Salary
First Bitcoin Hedge Fund Launches From Malta - Forbes

Two of the articles deal with government confiscation/taxing bank account of citizens in Cyprus and Spain, which is just happening very recently. There is some speculation or overly exaggerated hype in some of the articles. There is a fair amount of risk to investing in the currency, but also a lot of potential upside. I'm guessing many of you are not familiar with this.
 
bitcoin is worthless. People think bitcoin is like gold, cannot be easily created. Even if technology really makes it impossible to create any more bitcoins, it is still a false statement since

<b>everyone can create its own bitcoin alternative, </b>

which makes the supply unlimited. When people realize this, the price will drop.
 
Zerohedge posting pictures of bitcoin crashing:

BTC%20crashy.png



Bitcoinity has the carnage in real time.
 
OMG 130! yeah, this is an incredible store of value. The contrast between this and the tech-bubble is that those firms actually had revs. This is the ultimate bubble and IQ test.
 
Hey at $100, it is a bargain!!! (touched twice today or 105, who the hell knows anymore?)

Actually this crash should separate the real fans from the speculators...
 
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