On: Bitcoin hits year-high of $20

[spoiledtechie]

References to each of your claims.

[loeg → spoiledtechie]

Not OP, but I'll fill in the blanks for you:

(1) Bubble: http://www.economist.com/blogs/babbage/2011/10/virtual-curre...

(2) Fraud and Robberies: https://en.wikipedia.org/wiki/Bitcoin#Theft_and_fraud

(3) Money laundering: https://en.wikipedia.org/wiki/Silk_Road_(anonymous_marketpla... , https://en.wikipedia.org/wiki/Bitcoin#Taxation

(4) Gambling: https://en.wikipedia.org/wiki/Bitcoin#Gambling

(5) Ponzi Scheme: See "Bitcoin Savings and Trust" in https://en.wikipedia.org/wiki/Bitcoin#Theft_and_fraud

Almost all of that was found in the Wikipedia article for Bitcoin (with citations). Please don't be too lazy to do your own research…

[mrb → spoiledtechie]

I don't think api was criticizing Bitcoin. All these evil activities are very unfortunate, but on the other hand they are indicators that a currency is valued and liquid, which is a good thing in itself.

[api → mrb]

I was actually making a bit of humor, but it really is true. All these things are common to all forms of currency I know of, so it's sort of a sign of Bitcoin's coming of age.