Post
Topic
Board Economics
Re: Will Bitcoin always be dependent on fiat? Is it?
by
goinmerry
on 26/02/2016, 05:54:51 UTC
Bitcoin will always be dependent on fiat. Only if people were to completely accept bitcoin would fiat be rendered useless.

That would really be impossible. Something is needed to be used to determine the price of something. Just look at this way. Someone ask you where is your money. You will take your phone out of your pocket and show him this is my money. Then what if you broke your phone or electricity is down. Those are the questions that will be asked once they want to start bitcoin as a means of money  "like a fiat"