Quote from: katie1348 on December 08, 2013, 11:36:55 AM

OK, I understand what you have said, but how does this affect BitCoin?

K

Well, Bitcoin users who would have previously held USD will benefit even more by holding BTC instead, compared to the less-compromised currencies.

Since Bitcoin is at its most fundamental a solution to economic situations like this -- it's pretty much what it was created for; re: Satoshi's embedded quote in the Genesis block. It's pretty typical for us to discuss a lot of things that are related to Bitcoin, around here... not necessarily just things that directly impact Bitcoin today or something.

I find it particularly ironic and typical, the media's illogical and hysterical treatment of a clearly temporary dip in Bitcoin, when major world currencies 2, 3, and 4 orders of magnitude larger in circulated value, fluctuate by 10 and 20% within a month at times. And this in particular, where there has been zero talk about genuinely bad news regarding the dollar. No hysterics, not even a passing mention.