The same people would probably be recklessly borrowing money to gamble and waste on other worthless crap if bitcoin wasn't around so I don't think bitcoin is re

The same people would probably be recklessly borrowing money to gamble and waste on other worthless crap if bitcoin wasn't around so I don't think bitcoin is really an exceptional thing here. Just a run-of-the-mill scam and run-of-the-mill stupid people. However, those people will be demanding government intervention when their money is gone, so get ready for the regulatory party! Pretty safe to predict that bitcoin will the the Bernie Madoff of this business cycle.