Submitted by Harry on Sat, 01/31/2015 - 21:41
My answer is "it's complicated". Honestly, bitcoin is just too different from too many things to really be pegged at the moment.
Also, I propose that we use SI style units for talking about bitcoin in day-to-day life... So right now, with bitcoin trading at $100, a cBTC is worth $1, and a mBTC is worth 10 cents.
Let's look at some of the takes on it:
At the moment, everything that I consider to be a traditional currency derives its value from one or both of two places.
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