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Message: <blockquote data-quote="OKC03Cobra" data-source="post: 2165619" data-attributes="member: 7518">Bitcoin bubble may have burst<a href="http://www.money.cnn.com/2013/04/12/investing/bitcoin-bubble/index.html" target="_blank">http://www.money.cnn.com/2013/04/12/investing/bitcoin-bubble/index.html</a>You cant fix stupid, but it appears the bubbles that industrial strength stupid creates do eventually pop. Just like all the rest.  Bitcoins is a panacea for people who complain about the imaginary value of fiat currency by creating something even more imaginary. Bitcoins are nothing but another fiat currency created arbitrarily in the mind of computer scientists. They have zero intrinsic value (even less than paper currency, because paper at least has some value). The only reason people assign value to them is that some businesses accept bitcoins for payment. However, said companies almost immediately will convert the received bitcoins to dollars, thereby demonstrating that bitcoins fail one of the chief attributes of money: They are not a store of value.Because bitcoins are not widely accepted, they also fail another test of legitimate money: They are not a widely-used medium of exchange.</blockquote>