BitCoin - the ultimate underground currency

BitCoin is a truly interesting if not terrifying turn of technology.

This has the potential to be a completely untraceable currency suitable; perfect for moving money around underground - freedom lovers as well as the terrorist and criminal types...

This article is very informative and provides good context.

Though I'm still a little unclear how the TRUST occurs without a central body especially with Real Money in a P2P and if this is HYPE?

UPDATE: 2011-06-17 - First heist of BitCoin - $500,000!! (link)