Yeah. It's all fun and games until someone shares an image and it goes to the front page of Reddit.
"There are currently no hard limits on public bandwidth usage. We do, however, have an automated system for detecting and flagging unusual amounts of bandwidth usage. We will send an email notification whenever an account is flagged. Once flagged, public links will be temporarily disabled and users who use the links will see an error page instead of your file."
So, there's no bandwidth limit, but there's a bandwidth limit. :)