How does any free market determine its price?? Its a natural function of the free market. Prices will be all over the place at the beginning. How much was a Kilo or pound of rice at the first free market exchange??? I have bitcoin how much rice will you give me for $0.00002 bitcoin?? Perhaps merchants will prefer gold or silver instead. Have some of each.
RE: A question to the crypto crowd: How will the big crypto's get their value determined in a fiat collapse?