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3516413
Topic
326476
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Economics
Re: How will we value goods once fiat is secondary to bitcoin?
by
theonewhowaskazu
on
08/11/2013, 04:25:35 UTC
Quote from: Crindon on November 06, 2013, 09:40:54 PM
Quote from: Twitchy on November 06, 2013, 09:23:10 PM
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
*Stares at a bitcoin wallet containing 1 Bicoin*
Thats a
looooot
of pizza...