I dont mentioned anything about this, Im barely stating that each fiat is not actually tied to one another
yeah ok, but from what you've said about the fact that they aren't tied because they are issued, one could deduce that bitcoin, is tied because it's not issued, thus not centralized like fiat, you can see the logic behind it easily
Fiat wouldnt be "dead" and it will still be there, worst thing It will go will be getting into super inflation like Zimbabwe Dollar and the price of BTC will still be tied to it even if the currency getting into super inflation
mine was just a possible scenario, if what i say happen then how someone can measure bitcoin value without fiat? there must be another way right? surely there is, and this is why i don't think that bitcoin is tied to fiat
That wont work, people are used to this FIAT system and no one gonna agree to "barter" things like It used to be because it has no estimation value either. Going back to where we was not going to help because BTC is treated as a good/stocks now and not a currency itself which means that it has a value that is tied to another currency.
estimate value, is estimated you know, it's not fixed, when you don't know the value of something first you estimte it, then you compare it with another estimate and so on, until you can find the good price of it, after all fiat started in the same way, there wasn't fiat at first, there was barter, then fiat come around VII century, if i'm not mistaken, and at the start there was an estimate of its value, then the demand of it increase, because people find it more easy to use than simply barter stuff all day
and i firmly believe that, this is what would have happened if bitcoin was born without fiat