What actually transpires beneath the veil of an event horizon? Decent people shouldn't think too much about that.
I looks like they would be charged with violating US Code Title 18, 2709 (C)(1)(a). The obvious defense is that the text on that page is not compatible with the first amendment to the constitution, and therefore isn't really the law. So obvious, in fact, that we can assume that someone has
Humans : correct in making the leap from wealth as currency to wealth as energy. But logic failure : wealth ultimately is extension of desire, fluctuating with emotions and state of mind. Desires : when all are supported in purely adaptable system, true wealth is achieved."
- Usurper Judaa Marr, "Human : Nature"
When the bubble finally bursts, Bitcoins' value will hover around the cost of the electricity & equipment to mine them, so investors can write off the purchase as a slight loss or slight profit.
"Energy is the currency of the future." --CEO Nwabudike Morgan, "The Centauri Monopoly"
A currency based on something solid, pretty much impossible to fake, and hard to get confused about. Compare that to national currencies base on different people's varying fuzzy perceptions of the stability of the issuing government. Sounds pretty good, actually.
I think you're right (it'll stabilize at that price) but others think it'll deflate. This'll be interesting to watch. And damn useful to have a pocket change, for those usenet server subscriptions which don't take paypal anymore.