Amigacoin

[Fats]

With Bitcoin itself currently in the middle of a collapse that handily illustrates why an unregulated virtual currency is a stupid idea, what need is there for yet another knockoff?

Which collapse ? MtGox is bankrupt, the rest of the exchanges are trading like normal.

[Fats]

Bitcoin is a pyramid scheme.

Bitcoin price is determined by supply and demand, no fixed return is promised when you buy Bitcoin.
It's true that investment in Bitcoin is speculative ATM as price could drop heavily if for one reason or another demand for Bitcoin will fall.

Current fiat banking system is more of a pyramid scheme than Bitcoin. If enough people ask to convert their virtual money in the bank accounts to physical cash the system will come down crashing hard.

[Fats]

Exchanges trading like normal?

Overview of exchanges trading USD for Bitcoin. An upward trend can be seen after MtGox declared bankruptcy. Doesn't look like a doom scenario to me. Also the exagerated opinion of Max Keiser and Stacy Herbert is nice to watch (continued here).

[Fats]

So the currency that depends on the Internet isn't safe on the Internet?

Sure, and even the street money (=cash) is not safe on the street !