Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin ever did go completely mainstream...
by
ElectricMucus
on 04/10/2012, 06:07:41 UTC
The only reason you can pick a price for a thing in dollars is that you are surrounded by dollar price tags. If the dollar was gone you'd have to find another way (like looking around at the BTC price tags, yes it's circular, it's already begun).

Ever played any online game with ingame currency? There are no pricetags in dollars. Well at least used to in Diablo III that is possible too. The difference here is item prices in dollar follow their ingame gold value not verse visa.
That's the point I'm trying to make if bitcoin started as a trading tool for something valuable but not necessarily costly (for example game items or pictures) it would have evolved very differently. It's already too late for that since we have almost half of all bitcoins valued in dollar instead of something fundamental.