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Topic: How will we value goods once fiat is secondary to bitcoin? (Read 957 times)

sr. member
Activity: 448
Merit: 250
Excuse me for having little knowledge of economics, but currently we base the price of a good on it's fiat value.
In the scenario where BTC becomes the primary currency, how do we value goods then?

1 large pepperoni pizza = 1 Satoshi

*Stares at a bitcoin wallet containing 1 Bicoin*

Thats a looooot of pizza...
sr. member
Activity: 336
Merit: 250
Excuse me for having little knowledge of economics, but currently we base the price of a good on it's fiat value.
In the scenario where BTC becomes the primary currency, how do we value goods then?


Only someone truly high on BitCrack could venture such an idiotic query.
hero member
Activity: 528
Merit: 527
Excuse me for having little knowledge of economics, but currently we base the price of a good on it's fiat value.
In the scenario where BTC becomes the primary currency, how do we value goods then?

1 large pepperoni pizza = 1 Satoshi

I heard that one dude once paid 10,000,000 Satoshis for a pizza!  Is that true, grandpa?

No my grandson, it was much much worse...he paid a trillion satoshis!
sr. member
Activity: 378
Merit: 255
Excuse me for having little knowledge of economics, but currently we base the price of a good on it's fiat value.
In the scenario where BTC becomes the primary currency, how do we value goods then?

1 large pepperoni pizza = 1 Satoshi

I heard that one dude once paid 10,000,000 Satoshis for a pizza!  Is that true, grandpa?
sr. member
Activity: 434
Merit: 250
Excuse me for having little knowledge of economics, but currently we base the price of a good on it's fiat value.
In the scenario where BTC becomes the primary currency, how do we value goods then?

1 large pepperoni pizza = 1 Satoshi
sr. member
Activity: 448
Merit: 250
Excuse me for having little knowledge of economics, but currently we base the price of a good on it's fiat value.
In the scenario where BTC becomes the primary currency, how do we value goods then?

The same exact way we do now, only with Bitcoin as a denominator rather than USD.
newbie
Activity: 5
Merit: 0
Excuse me for having little knowledge of economics, but currently we base the price of a good on it's fiat value.
In the scenario where BTC becomes the primary currency, how do we value goods then?
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