This article is a boldface warning about Bitcoin, but not necessarily in the sense intended. If we're scandalized by the very mild trading behavior described, we are in way over our heads in any kind of market at all.
I don't really strong sense as to the fate of bitcoin but I think about the fact that it survived the Mt. Gox disaster. This is something far less scandalous.
I agree that the Mt Gox failure was much worse than what's described here. But as a possible sign of things to come it gave me the same feeling this does. (The feeling that a lot of people are in way over their heads.)
To anyone who's been involved in normal financial markets, Mt Gox had pretty clearly gone belly up months before the Bitcoin community seemed to accept that seriously as a possibility.
I'm not saying Bitcoin dies. I'm saying possibly there are a lot of Bitcoin enthusiasts who have no idea how tough the 'safe' real world of regulated markets is. Let alone this kind of thing.
