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?
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Agreed Value * Bitcoins Mined = New Value
0.0010 * 1 = 0.0010
0.0010 * 2 = 0.0020
The senior will always remain the senior, no matter how hard you try. Fiat is what the world use, you cant change it and put Bitcoin as our currency. Bitcoin is already playing its own role in development and what it does best is being used as an alternative to banks in making transactions. We cant all be making use of the same currency, and by the way, there is no good reason as to why we should replace fiat with Bitcoin.