2013-03-21 Quartz "Bitcoin is Out of Control"

[mccorvic]

http://qz.com/65709/bitcoin-is-out-of-control-soaring-57-this-week/

Bitcoin, the alternative currency hailed either as the future of money or speculative nonsense, has soared 57% this week, continuing its puzzling climb in 2013.

Analysts and people who help administer bitcoin have been at a loss to explain its newfound strength, beyond vague theories about increasing confidence in bitcoin’s viability as an accepted currency. This week’s surge is even harder to figure out.

[jwzguy]

They are correct, it's out of authoritarian control.  That's why it's going up.

[Frequency]

Must say the 2011 crash seems to look smaller in the graph...every day that pasts...

[RodeoX]

Sweet Jesus control it! 

[tutkarz]

Why some people have to control everything? Cant they just let things go?

[n8rwJeTt8TrrLKPa55eU]

Not out of control.  Not a bubble.  Simply moving quickly towards its fair value, like other disruptive innovations in history.

[foggyb]

Nuke it from orbit. Its the only way to be sure.

[Mike Christ]

That's it.  Bitcoin is a terrorist.  Quick, iBama, use your e-drones to destroy the cyber threat!