Post
Topic
Board Bitcoin Discussion
Re: How To Base Value of Goods and Services To Bitcoin?
by
Wapfika
on 07/03/2022, 07:39:39 UTC
Now if we all want to make Bitcoin the standard. Right now sure you can use Bitcoin to buy goods and services with. However all goods and services value and price are based by some sort of Fiat.

How do we go about to determine Good and Services value entirely on Bitcoin?

over FIAT

this could take a very long time to make happen.

What methods do you think this could happen?

No, You can't, Bitcoin is decentralized so even if you or a group of people manipulate it, There's always a chance that someone will not follow your standard and will still based on fiat.  No business will gonna implement and accepts it because its too risky. Most of the Bitcoin holder nowadays are just holding because of its profitability.  Its very hard to control on buying and selling an item using a manipulated price standard. Trust no one is the common knowledge in anonymous world.