How did the early islanders determine the value of goods? They said... listen chap, gimme 3 shells for 5 eggs.... the same will be applicable to
Bitcoin. I will give you 200 Satoshi's for 5 eggs .... How does that sound? We do not need fiat currencies, if all commerce are done in Bitcoin. The
people will decide it's value, like they did in the early days.
Why are you trying to post in break line? Are you trying to hide something?
Anyway yes it can be done that way. In the past the conquistadors did trade with the islanders they came across with. They took advantage of them by trading their small trinkets for more valuable items like gold and spices. Thanks to the internet no one can take advantage of us anymore by trying to scam us and try steal our Bitcoins.
Wait a minute. That felt wrong.