Thanks I'll add this to my thread:
https://bitcointalksearch.org/topic/forget-mbtc-use-satoshis-222442
Topic: Let Satoshi's will be done - mbtc day 2 June 2013 (Read 1007 times)
The non-rational part of my brain would be pleased by this.
yep its difference to own 1billion of something than 0.01 even if its worth the same
With bitcoin running at roughly 100 times fiat standard denomination I agree! (I know we shouldn't be comparing to fiat, but that's how people currently think and work. It has also been the most difficult thing when getting family and friends involved! They agree to buy 1 then I say it's £88 and they say that's a pity I'd buy one for a tenner!)
Myrddindc
Myrddindc
Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge.
But don't worry, there are another 6 decimal places that aren't shown, for a total of 8 decimal places internally. It shows 1.00 but internally it's 1.00000000. If there's massive deflation in the future, the software could show more decimal places.
If it gets tiresome working with small numbers, we could change where the display shows the decimal point. Same amount of money, just different convention for where the ","'s and "."'s go. e.g. moving the decimal place 3 places would mean if you had 1.00000 before, now it shows it as 1,000.00.
But don't worry, there are another 6 decimal places that aren't shown, for a total of 8 decimal places internally. It shows 1.00 but internally it's 1.00000000. If there's massive deflation in the future, the software could show more decimal places.
If it gets tiresome working with small numbers, we could change where the display shows the decimal point. Same amount of money, just different convention for where the ","'s and "."'s go. e.g. moving the decimal place 3 places would mean if you had 1.00000 before, now it shows it as 1,000.00.
https://bitcointalksearch.org/topic/m.267
seeAlso
https://bitcointalksearch.org/topic/start-using-mbtc-as-standard-denomination-220322
The majority of the community is in favor of this.
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