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Yes, it's like an IOU, IOU 1 dollar, what defines how much a dollar is? What is the unit of measure? Well believe it or not, the issuer of the IOU gets to define what that is...
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No. The issuer does not define what the value is. The market defines the value.
When you buy
BTCeanie
BTCabies, it is your friend--the other finance enthusiast that's selling them to you--who dictates how many dollars you will pay.
You're welcome.
Supply and demand dictate the price of an item, perhaps you should listen to your cat, it's meows would be more informative than your demented trolling