Joel, you need to stop and ACTUALLY learn what money is. Seriously. Your question about how BitCoin's "value" is determined, reveals that you have NO clue what money is. Stop pretending and FIND OUT. Watch this NOW:
http://youtu.be/f6uuAupT4AQ
Don't ASSUME you know. take the time, or you will NEVER fully grasp what I am saying.
Printed copy · Anthology Volume 1, page 1072Printed copy from The Tender For Law Anthology, Volume 1, page 1072 (printed 14 June 2014). Added by this site; not part of the Facebook export.