Yes. Because the public are dumb and don't understand divisibility. They probably don't know their normal money supply is unlimited too.
Not about divisibility, but deflationary money in general. The reason it's not used is because it doesn't work.
Imagine the money in your country, Clownlandia, appreciates 100% per year. Meaning if 1 ClownCoin buys 1 alpaca sock in Cownlandia today, it will buy a pair of alpaca socks next year.
This, and the [dubious] presumption of sanity (i.e. "Citizens of Clownlandia are guided by rational self interest"), we infer:
1. Don't buy anything that you can put off buying -- it will cost you less tomorrow.
1a. Investing is a form of buying. Unless an investment *guarantees* to [more than] double your money within a year, keep money in mattress FTW.
1a(a). Very few businesses double your money within a year, hang on to your Clowns.
2. Due to (1), Clownlandian economy
2a. Collapses, because much more profitable to hodl than invest in IRL business,
2b. Prices skyrocket, because store shelves are empty, because no one makes anything. ClownCoin becomes inflationary -- not in the sense of "base money inflation,"
but inflationary in the common sense of the word, as in "reduced buying power" (there are still only 21 million Clowns, only now 1 Clown doesn't even buy you
a single Clownlandian alpaca sock).
Hope this helps.