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RE: Rand Paul's Epic Speech on Government Spending

in #zappl7 years ago

How would bitcoins price be determined? would it not be just like fiat though as its not real? I mean if saw you had a phone and I wanted to buy that phone, How much bitcoin would you exempt for a phone? If bitcoin was not priced in dollars

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I don't see how I could know this. Currencies have come about in many different ways.

Personally, I've offered my own services for crypto many times. I've accepted Bitcoin, Ethereum, Steem, and SBD. Every time I simply asked for what seemed fair.

I think you might be asking for a bit too much with your line of questioning. Think about it: billions of people on this planet use USD, euros, yen, and yuan, yet only a small fraction of people know how the value between these currencies vary at any given time. But, when it comes down to it, does it matter to me in Washington State, US, how the price of the dollar compares to the yen? No, not in the slightest. Once/if Bitcoin reaches critical mass, that sort of thing will only matter to arbitrage traders.

no USD is worth what it is and thats a piece of paper I would accept maybe 50,000 pieces of paper for maybe a loaf of bread. Your saying you have accepted bitcoin? or have you accepted USD as USD determines the price of bitcoin.

I'm not sure what point you're making. Could you restate it as a premise or something?