China Just Popped the Bitcoin Bubble

"The use of centralized exchanges remain a frustrating point-of-failure" should be remains.

"Chinese leaders have little issue exploiting as they look to crackdown on the once high-flying bitcoin" should be crack down (2 words).

"The flurry of companies to hop aboard the bandwagon and inflate this most recent bubble, including Baidu and China, were quick to fall in line" should be China Telecom.

That's where I stopped reading. Please have enough respect for your readers' time to do some proofreading before posting.

Bitcoin has pretty clearly been bubbling (a few weeks spent on /r/Bitcoin makes this pretty evident to me), but it certainly is growing. I am one of those (few?) people who actually understands and believes in a lot of the technicalities of Bitcoin, so I'm not bashing on it, but it's silly to not see this recent activity as a bubble.

LOL! Bitcoin ain't that important. A tradable commodity can express the characteristics of a bubble and yet not be especially significant to a global or national economy.

I'd prefer to stick with hard data and historical precedents, please.