OP is correct. Comparing Bitcoin's value against fiat is like comparing oil's value to steam before the oil age, or comparing ARPANET's value to the telegraph in 1985. A premature comparison of infant tech to dinosaur tech.
These fiat <-> crypto comparisons are going to look extremely silly in five years, downright hilarious in ten, and fully absurd in twenty.
"The Internet's takeover of the global communication landscape was almost instant in historical terms: it only communicated 1% of the information flowing through two-way telecommunications networks in the year 1993, already 51% by 2000, and more than 97% of the telecommunicated information by 2007.[1] Today the Internet continues to grow, driven by ever greater amounts of online information, commerce, entertainment, and social networking."
Topic: Why Bitcoin Value vs. The Dollar Doesn’t Matter (and Never Will) (Read 1134 times)
September 29, 2014, 06:58:12 AM
BTC price is great to drive newsflow but a highly flawed proxy for crypto ecosystem progress. To that extent, I agree that tracking btc price vs dollar is foolish and only likely to disappoint in the short term
September 28, 2014, 07:59:38 PM
but isn't bitcoin value related to dollar?
Only in the USA. Here in Mexico I buy Bitcoin with pesos, therefore Bitcoin value here is related to pesos. 
September 28, 2014, 07:51:57 PM
but isn't bitcoin value related to dollar?
September 28, 2014, 07:38:51 PM
Care to write a summary in the original post?
September 28, 2014, 06:55:52 PM
Jump to: