66% pullback in price this weekend. This certainly isn't a market for the fainthearted.
Clearly, the market is responding to people questioning its efficacy on Less Wrong. :P
My probability distribution looks something like 90% chance of going to 0 and 10% chance of going to multiple hundreds of dollars.
Are you buying bitcoins? Expected utility is in the multiple tens of dollars if you believe that.
It's funny you should mention that, because just about the time of the collapse a bunch of posters on the Something Awful thread mocking bitcoins decided to see if they could crash the market by posting SELL SELL SELL messages on various discussion boards. From the posts there they think it's coincidence though- the crash was caused by a single big seller.
We've started a habit of creating periodic Bitcoin threads to confine discussion thereof to those threads and prevent excessive proliferation of Bitcoin topics in the discussion section. Here is a link to the last one, which links the other discussions. Lot's to talk about, and another bounce in Bitcoin's value (up to 33 then down to 24), so share your links and thoughts!