Quote from: Ayers on December 06, 2016, 05:08:48 PM

Quote from: DannyHamilton on December 05, 2016, 10:16:31 PM

Quote from: Sir Alpha_goy on December 05, 2016, 09:56:06 PM

Can you stop pricing yourself in fiat?

Bitcoin does not price itself in fiat.

if there was not fiat how would you determine how much a bitcoin value is? let's assume that we don't know its value for a moment, for example to buy a car, how much bitcoin you are willing to give away? so bitcoin is indeed dependent on fiat do you agree?

It could be valued in anything. Think about something you might not have a lot of access to but you like, say a bag of weed.

You want some weed and your friend has some. You ask him to trade some weed for something you have. He says he will give you an ounce if you give him your car. You refuse but offer a pack of pencils instead. He refuses and says he needs a television and asks if you'll trade your small bedroom tv for an ounce of weed. You agree and make the trade. That means an ounce of weed is worth a tv.

Bitcoin is worth exactly what someone is willing to pay for it. If no one wants to buy Bitcoin it's worth nothing. If tons of people want to buy Bitcoin it's expensive regardless what item it's priced in. It could even be worth a car someday.