Post
Topic
Board Economics
Re: How will we value goods once fiat is secondary to bitcoin?
by
Pente
on 08/11/2013, 02:44:38 UTC
Excuse me for having little knowledge of economics, but currently we base the price of a good on it's fiat value.
In the scenario where BTC becomes the primary currency, how do we value goods then?

1 large pepperoni pizza = 1 Satoshi

I heard that one dude once paid 10,000,000 Satoshis for a pizza!  Is that true, grandpa?

No my grandson, it was much much worse...he paid a trillion satoshis!