What is the value of BITS™? How do I know what a loaf of bread should be, for example?
1 BIT™ is equal to 1 Canadian dollar for valuation purposes.
Whatever a loaf of bread is generally worth at the store down the road, that’s what the value should be in BITS™. This makes it a very straightforward way to barter with others. If a person provides dog-walking services for regular fiat money and they charge $20 CAD, then it would also be 20 BITS™ when they offer dog-walking on the app.