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?
they are never going to be removed because they are fiat and millions of people are using them and will continue using them.
but if it is removed we are back to stone ages and we would have to measure the value based on other objects. like how many animal skin does 1 bitcoin buy
