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From Technomancer

Bitcoinica is/was a tool for financial slorupatecs (primarily those who want to short with leverage).It's not even used by most bitcoiners.Bitcoin offers no magic solution to mismanagement by peripheral services which use it - but a deflationary system combined with massive divisibility and unfettered transferability is indeed revolutionary.I'm not knocking other ways to spend CPU cycles - but Bitcoin is clearly a very interesting thing for many tech or econo-geeks to support with their time and hardware.Bitcoin is a 'protocol' and more and more an 'industry', but it's not necessarily a 'replacement' for existing currencies. It opens up possibilities that simply didn't exist before. e.g Automated software agents on the net with their own spending & earning capacity.