To the latter point, of course not. But give me its value NOT relative to a currency. And likewise, what is bitcoins value NOT relative to a currency? If you tied it to a commodity (pizzas or platinum), what is the value of the commodity NOT relative to a currency?
if i said, "I'll trade you your bitcoin for my 93 toyota." the first thing you'd do is laugh then say "My bitcoin it worth 100k:, your toyota is worth 1K". If I said, "Ill trade you your bitcoin for a fully loaded F350 with a 25' travel trailer, etc." You might say, "OK."This is what i mean when i say we inherently agree on the value of a dollar - we may not agree on how many dollars an item is worth (be it a coke or a car), but we see things in terms of dollars due to a shared understanding of its value in a market. When we agree that an item's cost is equal to it's value, we make a sale. Any conversation of bitcoin value is immediately related to dollars (or whatever currency). I am trying to understand how the value of bitcoin could ever be established outside of using a live currency as its comparison, and be unaffected by it - as I sometimes hear people say. Or conversely that bitcoin replaces the very thing that gives its value on a market.
