Subnostr

Let’s say on/off ramps suddenly disappeared. Centralized exchanges are gone. And the only option to acquire btc is through trade and services, and there is no way to set a dollar value to btc. How would the the community decide on value?

Would we have to put a value on something, let’s say 1 dozen eggs, then adjust the price from there for other things and services?

paulo 2y ago

I guess by the same market forces as always: supply and demand.

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Discussion

paulo 2y ago

I mean, something would be as value as someone is willing to pay for it.

It’ll be a back and forth process of price discovery.

Stonez ₿ 2y ago

So it would be pretty much all over the place at first, and would eventually work itself out.

paulo 2y ago

I think so, with large price disparities at first. but the spreads would get tighter over time. That’s my guess.