Did you ever notice how Congress and/or the President can act with the speed of a slow snail on certain subjects or topics? Well, this time I hope they act even slower. Here's why.
Last week saw a form of hacker attack on the Mt.Gox Bitcoin exchange. No, it wasn't someone breaking in and stealing Bitcoins or peoples' information. It was a DDoS attack. What this means is that someone used computers and the Internet to flood Mt.Gox with FAKE requests to view their pages. The Internet became all clogged up with these fake requests, and people who wanted to view the site for legitimate reasons could not do so. Many got scared, started selling their bitcoins on other exchanges, and the price of the dollar went way up with relation to bitcoin.

Prior to the attack, a dollar cost about 0.69% of a bitcoin (1 bitcoin = $145). Within a few hours of the attack beginning, the price of a dollar rallied so that it took 0.91% of a bitcoin to buy a dollar (1 bitcoin = $110). Then, within a few more hours, Bitcoin came back so that dollars were costing only 0.74% of a bitcoin (1 bitcoin = $135).

As of this writing, dollars are cheaper than ever. It only takes about 0.54% of one bitcoin to buy a dollar. That's about a half of one percent of a bitcoin. In other words, bitcoins are currently cost about $185, the highest price ever for bitcoins.

The point is, through this hacker attack of last week, bitcoins were proved stronger than ever.

Is this whole thing immaterial? Is the up-coming DHS/FEMA attack on Americans going to destroy freedom and bitcoins... or at least make true freedom more inaccessible than ever? Who knows? But, let's hope that the President and Congress act more slowly than ever in any attacks they institute on bitcoin, just in case DHS/FEMA fail.
 
I see bitcoin surpassing the price of gold in a few short months.