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Title: BTC should be valued in Gold not Dollars Post by: VRMdude on November 20, 2017, 11:06:15 AM Whats going to happen when the Dollar begins to become over inflated some say we are seeing the effects now in that the price of bitcoin is not really rising its just the fiat currency inflating, inflating....... And further down the line if the dollar should disappear maybe so the Euro and other large fiat currency also!
So is it time for the exchanges and miners and everybody who uses bitcoin to start measuring BTC vlaue in gold maybe x ounces per bitcoin? We can set the initial value on any given day (soon) so lets say today the value of Gold per ounce in dollars today is $1291/$8000 = 6.19 ounces/BTC and then at that vaue decouple from the dollar and let gold be the measure.... Thoughts? Title: Re: BTC should be valued in Gold not Dollars Post by: intelligent.investor on November 20, 2017, 11:30:29 AM I'd rather not bother complexing it more. Don't you see, gold is also ultimately tethered to fiat. Why gold why not silver then?? ???
Title: Re: BTC should be valued in Gold not Dollars Post by: VRMdude on November 20, 2017, 02:27:17 PM doesnt really matter what but gold is traditional anyting but dollar or fiat value comparison as one day when dollar et al is absent how to value your crypto? thats my thinking....
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