You are viewing a single comment's thread from:

RE: A question to the crypto crowd: How will the big crypto's get their value determined in a fiat collapse?

in #bitcoin7 years ago (edited)

How does any free market determine its price?? Its a natural function of the free market. Prices will be all over the place at the beginning. How much was a Kilo or pound of rice at the first free market exchange??? I have bitcoin how much rice will you give me for $0.00002 bitcoin?? Perhaps merchants will prefer gold or silver instead. Have some of each.

Sort:  

Sorry, I don't see a good answer in your reply. A kilo of rice was traded by coin with intrinsic value.

I believe your over thinking it.

Coin Marketplace

STEEM 0.20
TRX 0.12
JST 0.029
BTC 60782.50
ETH 3371.45
USDT 1.00
SBD 2.51