Quote from: NathanJB on January 29, 2020, 03:24:58 AM

Quote from: CarnagexD on January 28, 2020, 03:47:20 PM

Quote from: NathanJB on January 28, 2020, 03:28:13 AM

Quote from: tartibaya on January 27, 2020, 10:29:57 PM

The dollar connection with Cryptocurrency should now be broken. I think let's calculate Bitcoin value in gold. Because we have made a more memorable and real comparison. Bitcoin opened the door of a new economic model. Let's not compare with classic vehicles anymore.

And how is the value of gold measured and valued? In US Dollar and other fiat currencies also.

For now, it is hard to let go of the connection because fiat still rules the monetary world. But we will of course get away with it in due time.

Indeed. Pretty much everything is still dependent on fiat despite claims saying that it's already dying. We can't really abolish the cryptocurrency-USD relationship just yet because of how unsuitable for commerce bitcoin and most of today's cryptocurrencies are. Hopefully in the near future this will change. I know everyone's eager to see cryotocurrency winning this race at the end of the line.

But the race has just started and it will probably take more than a lifetime. The winner might be known during the time of our children or our grandchildren. For now, even the fiat currency is transforming into more or less like Bitcoin. They are now embarking on a mission to shift into a digital currency. With this, I'm afraid it will last more than its old physical form. They are riding the call of the times.

indeed the development of online transactions is more desirable because it is considered more effective, but the difference is only the payment system, different from bitcoin that uses a peer to peer system, and cannot be controlled by anyone. therefore this is a barrier for the government to legalize it