Digital currency has its own rules

Some things you need to know about Bitcoins (link). Now, considering the that issuing of bitcoins is carried out collectively by the network (can I make some in my own lab?) and that it works via a peer-to-peer service operating with no central authority... Are these bad things or can we live with them? It doesn't seem like a fiat currency so might it be better than a currency produced by a central bank that can engage in UMTs and monetary easing (printing paper)?