If a country has an economy based on a fiat not backed by anything other than itself you have a money tree…if you have a computer generated token transferable into a countries currency you have a laundry machine.
Ackshually… a loaf of bread or a bowl of rice or a gallon of milk, etc, is a fundamental unit of value for a human… the price of bitcoin in loaves of bread is all over the place… even worse than most fiat currencies… it is not a stable indicator of fundamental value.
If a country has an economy based on a fiat not backed by anything other than itself you have a money tree…if you have a computer generated token transferable into a countries currency you have a laundry machine.
Ackshually… a loaf of bread or a bowl of rice or a gallon of milk, etc, is a fundamental unit of value for a human… the price of bitcoin in loaves of bread is all over the place… even worse than most fiat currencies… it is not a stable indicator of fundamental value.
Great way of looking at it. Yet doesn’t bitcoin itself experience fluctuation? At some point in time the supply is going to drop to zero. Then what?
The fluctuations occur because people still peg its value to fiat currencies, which fluctuate.
Fantástico!