1295 bitcoin stolen with a value of x dollar. See, they didn't care about the bitcoin they cared about the dollars behind it. As long as a bitcoin its value is measured in dollars and accepting bitcoin is merely done because it is at a high dollar rate, how can this possibly be a viable alternative currency? Apart from the whole fluctuation on steroids, bitcoin is nothing more than a wrapper for American dollars.
Because, at the end of the day, you have to pay for your groceries and mortgage in dollars. B-but muh Subway sandwich
Honestly, let's think a little bit here. If this story was reported on in China, what currency would it be converted to for the readership?
If a story about American dollars being stolen was reported on in China, what currency would it be reported in? Is the dollar just a wrapper for the Yuan?
The submitter is doing this. The person representing BIPS on the forum is speaking in terms of Bitcoins. Probably makes it easier to downplay because even the most avid bitcoin users perceive it as a secondary currency.
Because, at the end of the day, you have to pay for your groceries and mortgage in dollars. B-but muh Subway sandwich