Quote from: eerygarden on June 17, 2015, 06:37:03 PM

Quote from: josephliton on June 17, 2015, 05:37:05 PM

Quote from: MoneroExpress on April 30, 2015, 04:00:51 PM

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

Everyone is a slave of fiat as long as that person has to pay for things in fiat and has to get paid in fiat. This means you can actually live outside the system, if you get paid in Bitcoin, and pay everything in Bitcoin.

Using your own example, wouldn't you then just become a slave of bitcoin?

Youre basically exchanging the ideas of money.

Its just in a different form, so yes you become a slave for bitcoin, in a simple concept.