Post
Topic
Board Bitcoin Discussion
Re: Bitcoin can you stand alone?
by
deisik
on 06/12/2016, 14:40:47 UTC
Can you stop pricing yourself in fiat?

I would say it is with almost 100% certainty that you cannot.

I'm wondering just how long you will use the fiat banking system as your crutch

Let's be specific here

People don't price Bitcoin in abstract fiat. They price it in dollars, euro, British pounds, Chinese yuan, Russian rubles, and whatever currency might exist out there. What does it tell us? Basically, that this valuation is no more than a useful convention since most of these currencies are independent of each other. As you can see, it proves the point that you can essentially price Bitcoin in anything, which is only a matter of personal preferences and convenience