I was thinking that every bitcoiner wants a world without fiat, only bitcoins. Ok, if there was no fiat whatsoever, then where do you think will bitcoin base its value? Will it be in gold? But how much?
How do we determine the real value measure of bitcoin in an economy that has been very dependent on fiat?
How do we determine the real value measure of bitcoin in an economy that has been very dependent on fiat?
If every bitcoiner wants a world without fiat then no sense to have it an exchange value to other money system.
Just use the usual bitcoin transactions where value is 1:1.
