Can it be that the bubble is about burst and we are all about to see the fallout of closer regulation on line relating to the freedom of content and speech for our online world?

The massive growth of blogging and social networking has been possible due to the ability of users to practise freedom of speech at the speed of typing. In a flash we can update our blogs and profiles online with little or no thought.

Being a blogger and IM marketer I am concerned that these types of events draw the attention of governments and regulatory authorities who just may use this type of news as a reason to meddle in our online affairs.

It is fare to say that all online authors have a personal and moral responsibility to manage their online actions and content. All too many of us forget that what we say online is open to be read by every one; that's the power we have when using the World Wide Web.

Where will this all end, may be I am getting over excited? Are we going to see another black day when the dot com bubble burst yet again? If this dose happen how many of use will rise from the ashes and face the new world?

These small events can become major issues online in a matter of hours. This can result in the world we live in looking very different over night. It is up to us bloggers to show we can be trusted.

I doubt my small voice will be heard over the top of all the others who are shouting in the blogosphere. All I can hope for is the big boys and girls out there set the right example and promote professional blogging and shun those who abuse the power.

This just could be a flash in the pan but that was said about blogs and social networking in the past and look at what they have become. Lets not give the powers that be an excuse to meddle in the blogosphere.