True, but all goods, services, your wage and taxes are priced in fiat,
if you don't express btc in fiat you don't even know what your purchasing power is.
What is the purchasing power of 1 btc? Oh right, you need fiat number even to comprehend the meaning of 1 btc.
Your analogies are trivial and unrelated to my point in lame attempt to somehow justify the bitcoin.
This is because for now fiat is more important. But things change.
The difference is that if poeple really wanted fiat in the first place bitcoin would not exist.
So what you want is purchasing power and means to keep it or transfer it.
Now we use fiat to price things, we will see how long that will hold.
What you guys fail to understand bitcoin is not a currency itself, it is just a tool for transacting currency. When you send someone 1 btc, or when you buy something with bitcoin, what you're doing is you're sending him 320 dollars via bitcoin, you're sending him purchasing power of dollar.
Bitcoin is not independent of fiat. Actually, fiat is what gives bitcoin a value.
That is correct, however BTC is also priced in GPB, EUR etc
You can argue that as the global currency everything is priced in USD. So GBP only buys you stuff because it has a dollar exchange rate. Its tenuous, but this is *your* logic...
Now the man in the street in the UK does not care about the USD value of his GBP. He just uses GBP.
Interestingly, if that same man travels to the USA, or to Europe. They convert their native currency to the local currency, so as they may transact, but in their head they typically do a quick reckoning whenever they see a local price to convert it to their native price so that they may get an intuitive understanding of what the local price actually means to them.
So the act of converting between one abstract currency to another is inherent. Now imagine the man in the street isn't on holiday, but has moved to the USA. How long before he starts thinking in dollars?
All of this demonstrates quite adequately that whilst your point that BTC has a dollar value is correct. What it also proves, which you won't like at all, is that if you consider the internet a "country" and BTC as its native currency (which is exactly what it is - read the white paper) then you have a situation where an economy will develop. That nascent economy has developed, whether you like it or not. You can argue from the rooftops that it is going to fail, but you cannot deny its existence.
The more you shout and the more the bitcoin economy develops, the more crazy you sound.
Bitcoin won't make it happen unfortunately, just look around - we need something much more serious to return to normal.
I wonder how long it takes until those journalists start to feel DeJaVu when writing yet another news with a headline "Bitcoin price plummets after..." if it's not a news it just makes the journalist look dumb. 