What confuses people more, changing from 21 million to 21 billion or asking people to buy a coffee for 0.0015BTC? Imagine when BTC reaches 10,000USD, a coffee for 0.00015? really?
It's just redenomination, it won't lose value. People are not used to deal with infinitesimal values. And for most people, they couldn't care less how many BTC total are there.
If Bitcoin wants to be used by the masses, it needs to become more similar to their realities.
It's just redenomination, it won't lose value. People are not used to deal with infinitesimal values. And for most people, they couldn't care less how many BTC total are there.
If Bitcoin wants to be used by the masses, it needs to become more similar to their realities.
+1
Most smart (or autistic) people do not realize how truly dumb the average person is when it comes to math and numbers. My boss used a calculator once to find out what 32 * 10 equaled. He does not understand that .25 is also 1/4. What happens when he is buying a cup of coffee for a dollar when 1 BTC = $100,000? 0.00001 BTC is just not natural for neurotypicals. I can deal with it, but I am also autistic.
This decimal problem will probably become moot in a few more years. We will just price everything in satoshis.
Leave as is for now because we *really* don't know where the price of bitcoin is going in the next few years.
