Quote from: deisik on December 08, 2016, 12:27:01 PM

Quote from: Wandering Soul~ on December 07, 2016, 03:34:13 PM

Fiat is needed to measure the value of bitcoin so it cannot stand alone as it is depended on it

Fiat is needed to measure the value of gold too

And a lot of other things as well, in fact, almost all things. But does it mean that gold and other things have no value without fiat? Since it is obvious that weight can perfectly well exist without scales, it should be as clear as day that fiat serves only a utilitarian function of revealing the value of one good against another good (but not creating this value, which is inherent to things). So are you going to continue claiming that Bitcoin can't stand alone even if that would mean that all other things couldn't have value on their own either, i.e. without fiat hanging around?

You basically said all the right things that I know. Well, in fact all of us here( I'm 90% sure that we uses bitcoin for our fiat needs) Even the fiat currency it self needs other currency to sustain its value. So what was the difference in the first place? People are just over thinking