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?
Considering bitcoin on itselt, it has a unit which is the rate at which a single unit of bitcoin is cost and this is in relation to the measure of it value with the international most acceptable currency USD, and also given it a comparison to one of the most valuable asset of investment "gold". It may not be something to achieve within a little space of time but rather a journey of milestone and fiat may not be totally eradicated but in the nearest future of technological advancement, it might be less effective compare to bitcoin