>Though it sounds like the current bubble is being driven by
>Chinese evading their government's currency controls, which I
>gather could be stopped at any moment by the Chinese
>government. Presumably when that happens it will be the first big >crash of bitcoin.
This is a very intersting point of view. Living in a country with a non convertible money, and where it's somehow difficult to buy officially convertible currency (Dollar, Euro etc.) while not so difficult in the black market. I have always thought that Bitcoin is a very intersting and convenient way to transfer money abroad in an electronic and anonymous way and at a very low rates. So maybe Bitcoin will be tight in the future, to a certain degree, to mony transfer regulations in countries with non convertible or with special regulations money like China, India, Brasil etc. and most thirld word countries.