Make every btc 1000 btc - page 2. | Bitcointalksearch.org

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: utclover on July 11, 2014, 06:30:18 AM

Turn every btc into 1000 btc

people will see btc is $1 and they will buy it to $1000 again.
who are the devs??
can i ask them?

people think btc is very high because they can't buy a full one with pocket money.
but if they can buy a full btc with pocket money they will buy alot.
also it will make me happy. thanks.

Shit, that's brilliant, but why stop at 1000 btc? let's turn every btc into 10000000000000000000000000000 btc,

Everyone can buy a quintillion btc, with pocket money, surely they will buy it into $100000000000000000

railzand

sr. member

Activity: 462

Merit: 250

Lux e tenebris

damn thought it was an ipo

spin

sr. member

Activity: 362

Merit: 262

Been discussed a 1000 times:
https://bitcointalksearch.org/topic/would-it-be-possible-to-reestablish-the-decimal-value-of-a-bitcoin-578323
https://bitcointalksearch.org/topic/how-feasible-would-it-be-to-add-additional-decimals-to-bitcoins-349836
https://bitcointalksearch.org/topic/more-divisibility-required-move-the-decimal-point-3311

Kiloday

newbie

Activity: 14

Merit: 0

Quote from: shorena on July 11, 2014, 07:27:04 AM

Quote from: Kiloday on July 11, 2014, 07:14:46 AM

You could use mBTC (thousandth of a Bitcoin) or uBTC/bits (millionth of a Bitcoin).

Quote

but mining reward stay the same

This is more interesting. If the block reward suddenly dropped by a factor of 1,000 relative to the total supply, I would guess that miners would be mining blocks for their transaction fees. It would be similar to how Bitcoin might look 50 or 100 years from now.

Miners would not support this. Youd have to fork the blockchain just to make utclover happy. I think thats a bit overkill.

Well, of course very few people would probably support this. It would require a change in the protocol, and thus a fork would occur. I was simply talking about what would be happening on the alternative chain.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: utclover on July 11, 2014, 06:30:18 AM

Turn every btc into 1000 btc

people will see btc is $1 and they will buy it to $1000 again.
who are the devs??

https://bitcoin.org/en/development

Quote from: utclover on July 11, 2014, 06:30:18 AM

can i ask them?

I dont see any reason why you could not, but I doubt they will take you serious.

Quote from: utclover on July 11, 2014, 06:30:18 AM

people think btc is very high because they can't buy a full one with pocket money.

What makes you say/think that? IMHO 1 BTC or 1000 mBTC makes no difference. The question is how usefull is Bitcoin as a whole system. Be that a payment system or just a way to store value. Big numbers might make you feel rich, but you will quickly realize that 1.000.000.000 shitcoin is worth nothing if you cant buy anything with it. Internally Bitcoins are handled in Satoshi, so most of us are allready multimillionaires in satoshis.

Quote from: utclover on July 11, 2014, 06:30:18 AM

but if they can buy a full btc with pocket money they will buy alot.
also it will make me happy. thanks.

Change how your bitcoins are shown to mBTC everywhere.

Quote from: Kiloday on July 11, 2014, 07:14:46 AM

You could use mBTC (thousandth of a Bitcoin) or uBTC/bits (millionth of a Bitcoin).

Quote

but mining reward stay the same

This is more interesting. If the block reward suddenly dropped by a factor of 1,000 relative to the total supply, I would guess that miners would be mining blocks for their transaction fees. It would be similar to how Bitcoin might look 50 or 100 years from now.

Miners would not support this. Youd have to fork the blockchain just to make utclover happy. I think thats a bit overkill.

Kiloday

newbie

Activity: 14

Merit: 0

You could use mBTC (thousandth of a Bitcoin) or uBTC/bits (millionth of a Bitcoin).

Quote

but mining reward stay the same

This is more interesting. If the block reward suddenly dropped by a factor of 1,000 relative to the total supply, I would guess that miners would be mining blocks for their transaction fees. It would be similar to how Bitcoin might look 50 or 100 years from now.

nitehawk

hero member

Activity: 532

Merit: 500

Worldcore - Banking for the Future

i wont get into the economic side here but Im sure this wont work as you plan

utclover

sr. member

Activity: 378

Merit: 250

Turn every btc into 1000 btc

people will see btc is $1 and they will buy it to $1000 again.
who are the devs??
can i ask them?

people think btc is very high because they can't buy a full one with pocket money.
but if they can buy a full btc with pocket money they will buy alot.
also it will make me happy. thanks.

Topic: Make every btc 1000 btc - page 2. (Read 2120 times)