Post
Topic
Board Economics
Re: How will we value goods once fiat is secondary to bitcoin?
by
theonewhowaskazu
on 08/11/2013, 04:25:35 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

*Stares at a bitcoin wallet containing 1 Bicoin*

Thats a looooot of pizza...