Quote from: zeze18 on February 21, 2017, 04:04:04 AM

Quote from: USA on February 21, 2017, 02:14:52 AM

Right now we determine the value of bitcoin by dollars, euros and other currencies, but if we remove all the currencies and use only Bitcoin how we can know what is the value of Bitcoin?
Do we need to use MBTC then?

I guess that will not happen because the BTC is not real currency, while the dollar and the euro currency real and have a legal

What? "Bitcoin is not real"? Bitcoin is digitalized currency, and that doesn't mean that bitcoin is just something made from human's imagination. And if we eliminated dollars and other fiat coins, then people would have to start valuing things based on bitcoin and there would be like "How much bitcoin is a T-shirt?" Like in the old days, "How many pieces of gold for a house?" and now, "How much dollars for a piece of gold?" Grin