Hi,
Bitcoin has passed the $1000 mark at least 3 times now. At the same time, while Bitcoin isbeing adopted by small shops on the high street, ordinary people on the street who are accustomed to talking about money in integers rather than decimals, find it very odd (not user-friendly) to count zeros for a cup of coffee. Let's face it 0.00176 BTC as a price-tag for a cup of coffee doesn't make sense to ordinary people as much 1.76 BTC. Not to mention the amount of confusion those zeros create.
My question is: are there any serious plans or work being done to shift the decimal point 3 digits to the left?
NB: please don't confuse this action with suddenly increasing in the supply of bitcoins, like the process that is known in economics as "printing" or even devaluation. Whoever had 5 bitcoins will now have 5,000 bitcoins and the total nominal supply will go from 21 million to 21 billion. It's just a process of shifting decimal points to make currency more useful in every day transactions.
Topic: Are there plans to shift the Bitcoin decimal point to the right? - page 2. (Read 2112 times)
January 11, 2014, 04:45:58 AM
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