Post
Topic
Board Economics
Re: Why is Bitcoin still a slave of Fiat?
by
Doyenuklirblok6
on 25/09/2018, 01:35:56 UTC
Why is Bitcoin tied to Fiat? Why is Bitcoin value moving like a stock? satoshi said the value will be derived by the limit of total coins. But we are seeing the opposite. Why dont we mathematically calculate the value of bitcoin according to the amount of bitcoin mined?

Like

Agreed Value * Bitcoins Mined = New Value

0.0010 * 1 = 0.0010
0.0010 * 2 = 0.0020
because bitcoin is still a lot of internal problems that have not been overcome, and fiat is a popular currency. if the problem of bitcoin has been overcome and become perfect it does not rule out the possibility that in the future bitcoin will become the main currency in the future.