I know you will think this is too early for this but I don't want we fail in the same point bitcoin did.
In the real world people like to use high amounts, and never less than cents. Currently with bitcoin sitting nearly @ $1,000/each this is stopping people from buying them. You look so miserable when you spend $50 and you get 0.05 bitcoin. The higher the price will go, the higher this will stop people from buying it.
And to be honest, milibitcoin won't be a good solution. People wants to hold at least 1 bitcoin, now it feels too expensive.
Also is a pain in the ass to read/send 0.00145 for example.
The better way would be to do a split, like in the stock market. For example at every $1,000 we move the comma 3 places. So, now we total coins is 21,000 million and all the people would have x1,000 , so new people can happily buy 50 bitcoins with $50 dollars.
Will be possible in NxT to easily do the split? IMO this will be mandatory in the future.
In the real world people like to use high amounts, and never less than cents. Currently with bitcoin sitting nearly @ $1,000/each this is stopping people from buying them. You look so miserable when you spend $50 and you get 0.05 bitcoin. The higher the price will go, the higher this will stop people from buying it.
And to be honest, milibitcoin won't be a good solution. People wants to hold at least 1 bitcoin, now it feels too expensive.
Also is a pain in the ass to read/send 0.00145 for example.
The better way would be to do a split, like in the stock market. For example at every $1,000 we move the comma 3 places. So, now we total coins is 21,000 million and all the people would have x1,000 , so new people can happily buy 50 bitcoins with $50 dollars.
Will be possible in NxT to easily do the split? IMO this will be mandatory in the future.
If one Nxt is ever worth a thousand dollars (trillion dollar market cap) then you might want to just sell and stop worrying about the future at that point.
Folks we have landed on MARS!
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