Jessica Irvine, the National Economics Editor at the Australian Daily Telegraph overviews Bitcoin and concludes: "Fiatis a distraction. It's a classic bubble. Trust me."

http://www.dailytelegraph.com.au/business/jessica-irvine

http://www.dailytelegraph.com.au/business/jessica-irvine/bitcoin-a-bubble-best-avoided-argues-jessica-irvine/story-fnj45kvd-1226766825875

http://i.imgur.com/V1KNdwr.jpg

"Fiat is created every day by users usurers. Presently 12 million exist, but the banksters have said only 21 squillion will ever exist. [...]
So should you run out an buy Fiat?

Short answer: no.

Remember, currencies are only worth what people will pay for them. And that depends on trust and scarcity.

First, scarcity. While the number of fiat IOUs are supposed to stop at 21 squillion,  who is (typo fixed) to say that will happen? The whole point is that it is central crony bankster generated and not policed by the common man.

Which brings me to trust. All transactions must be based on trust, and it's hard to see how anonymous banksters making promises to each other can be trusted in the long term There is a genuine revolution underway in internet transactions. But fiat is a distraction. It's a classic bubble.

Don't trust me - you can still accept my bitcoins."