Physics Monkey said:
I hate to just appeal to authority on this one, but do you really think the well known Usenet FAQ is just flat wrong, that there is some massive misunderstanding amongst physicists about what would happen?
Not only the "appeal to authority" has been presented, but a very simple argument based on the principles of general covariance was already given that shows that an object cannot become a black hole just by moving.
It's really a very simple argument. The key issue as to whether an object is a black hole is whether or not the light-like geodesics (null geodesics) originating at the surface of the object reach infinity. This is the definition of a black hole.
By far the easiest way to calculate the null geodesics (the paths of light beams) is to calculate them in the rest frame of the black hole.
General covariance says that if you have the equations for a beam of light (null geodesic) in one coordinate system, you get the equations for the same beam of light in a different coordinate system by just by mapping the old coordinates to the new coordinates.
The result of this is that because the coordinate transforms aren't singular, a beam of light that escapes to infinity in the rest frame of the object still escapes to infinity in "the" coordinate system in which the object is moving.
This means that the object cannot be a black hole just because it moves.
There is one issue I've glossed over, that's the issue of how to do the coordinate transform. Actually it's miselading to say that there is just one coordinate system associated with a moving observer in curved space-time. Because GR has the ability to work with arbitrary coordinate systems, an ability that is needed in curved space-time, it's hard to single out a single preferred coordinate system to describe the space around a moving mass. I suspect that for the problem at hand, the easiest requirement to "pin down" the coordinate system would be to ask that radially outgoing null geodesics appear to be "straight lines" in the new coordinate system, but actually the details don't matter. Any coordinate system choice that approaches the flat-space Lorentz transform is going to be non-singular, and because GR can happily deal with arbitrary coordinate systems, the choice doesn't really matter.
So we've quoted the appropriate authorities, and we've presented a detailed argument. There's not much more we can do except ask aaroman to listen.