Post
Topic
Board Economics
Topic OP
Why is Bitcoin still a slave of Fiat?
by
MoneroExpress
on 30/04/2015, 16:00:51 UTC
Why is Bitcoin tied to Fiat? Why is Bitcoin value moving like a stock? satoshi said the value will be derived by the limit of total coins. But we are seeing the opposite. Why dont we mathematically calculate the value of bitcoin according to the amount of bitcoin mined?

Like

Agreed Value * Bitcoins Mined = New Value

0.0010 * 1 = 0.0010
0.0010 * 2 = 0.0020