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Bitcoin; the once elusive currency reserved for shady transactions on the deep web has become popular over the past 12 months, but a recent collapse has its integrity in question. Firstly, it is important to understand what bitcoin is. For the uneducated, Bitcoin is a digital only 'currency' that is used like regular money, to make transactions, with the added bonus of (possibly) being anonymous. Due to an exploit in Bitcoin and in the online wallet service, Mt. Gox, Many people are raising an eyebrow about the reliability and integrity of the currency. Goldman Sachs, a HUGE investment banking company, recently weighed in and called Bitcoin a "speculative financial asset", not a currency. Personally, I think the currency, which was created with the purpose of being an anonymous hard currency, has failed because it has gone to the mainstream. The money isn't heavily secured, as the recent online bank heists have shown, and has no real advantage for the public. Bitcoin worked fine, amazing even, as a P2P currency only used by the deep web community, but its gotten to big and needs regulation to stay constant. This, however, is against the very nature of BTC and will therefore not be supported by the community. All in all, BTC is an interesting idea that worked on the micro scale, but cannot hope to function on the macro.