Quote from: dunfida on May 08, 2020, 11:51:32 PM

Quote from: Korusek on April 21, 2020, 08:41:21 PM

Hello good people.

I'm reading about all this cryptocurrency for a little while now (hard not to its all over and everywhere) and I got some questions that I could not find a satisfying answer.

1. There is no question about Fiat money (whatever it is $, £ or euro.) thats its losing it's value, so the question is. If it got no value what value Bitcoin have then ? ( i will use bitcoin for must common crypto but thinking of any). Can't get my head over it.

2.If you imagine in let's say 20 years FIAT goes to CRYPTO all the way. You want to buy a car worth $5000 but paying in Crypto, how much would you pay ? if $ got no value.

Maybe answer is simple for some of you. Please be good samaritan and share some knowlage here.
Thanks for any effort.

All of those presumptions are somewhat unrealistic.Why? Fiat would never lose its value and its impossible for it to happen as long the government do exist then these paper things will surely exist
in the end of time. Its true that btc do get its value from fiat and if ever that fiat comes worthless then there would be some other things but im sure that crypto wont really be on that place
maybe some other centralized stuff but not this one.Why would think up that much? We wont reach up that state where fiat becomes worthless.

Bitcoin is just bitcoin and it got its own value, only we are creating the value based on dollars or euro or any other fiat money when we wanted to trade that crypto but it doesn't really mean that bitcoins are value in USD.It got its value on its own demand and supply and the minimum value that bitcoin can be divided into is satoshi.Maybe in future fiat becomes useless and cryptos is allover accepted as payment then every product will be valued in satoshi.