Anyone would feel richer if he/she had a bed of a million $1-dollar notes than a single $1m dollar note.
I think it's a good idea to make people feel richer even if the they are practically the same value.
I don't want to own "a piece" of something. I'd rather own something that I can imagine as a whole.
Manipulation of perception, it's very important in marketing...
Topic: The solution is obvious - page 2. (Read 5346 times)
the solution proposed here is for those that only have 0.00016btc can get sexually excited and spray their man juice everywhere while telling their 2 only friends that they "have a whole bitcoin"
while the other 7billion of us laugh at him and tell him that he only has a couple dollars to his name and he is a fake.
... so many assholes in this forum while the other 7billion of us laugh at him and tell him that he only has a couple dollars to his name and he is a fake.
/ignore
No one cares about is it 0,000... or not.
In informatic everything will change one way or another.
In informatic everything will change one way or another.
the solution proposed here is for those that only have 0.00016btc can get sexually excited and spray their man juice everywhere while telling their 2 only friends that they "have a whole bitcoin"
while the other 7billion of us laugh at him and tell him that he only has a couple dollars to his name and he is a fake.
while the other 7billion of us laugh at him and tell him that he only has a couple dollars to his name and he is a fake.
It seems The solution is not obvious.
OP: Your example kind of stinks because doge has steadily lost value for months now. So yeah, getting many crapcoins for your dollar doesn't magically make the coin successful. In fact most of the altcoins that have massive amounts of coins, are not doing too hot.
Some people make the same kind of argument about stocks. They don't want to buy google or apple stock because it costs several hundred dollars for one share and they would feel better to own 100 shares of a company that cost $50 per share, rather than a handful of shares of a company that costs $500-$1000 per share. Even though in reality it makes NO DIFFERENCE.
I think bitcoin is already popular enough that a scheme like this to change the decimal place is totally unnecessary. What is needed is further economic development. Right now it is still a little too inconvenient for ordinary people (ie those who are not very tech savvy) to get their hands on bitcoins, and it's a little too easy for them to lose them via scams, hackers, lost keys, computer failure, etc.
No one is getting paid in crypto either, which is a big issue. If I'm a regular guy and I want to buy something, why bother going through the hassle, risk, and fee-laced process of buying bitcoins just to exchange them for something else? I might as well just use a credit card or cash. But if people were getting paid (even just for side jobs or short contracts or only part of pay, like their bonus) in crypto, then the economy would be more balanced.
More on this here: http://www.cryptopros.com/2014/03/working-for-cryptocurrency.html
Some people make the same kind of argument about stocks. They don't want to buy google or apple stock because it costs several hundred dollars for one share and they would feel better to own 100 shares of a company that cost $50 per share, rather than a handful of shares of a company that costs $500-$1000 per share. Even though in reality it makes NO DIFFERENCE.
I think bitcoin is already popular enough that a scheme like this to change the decimal place is totally unnecessary. What is needed is further economic development. Right now it is still a little too inconvenient for ordinary people (ie those who are not very tech savvy) to get their hands on bitcoins, and it's a little too easy for them to lose them via scams, hackers, lost keys, computer failure, etc.
No one is getting paid in crypto either, which is a big issue. If I'm a regular guy and I want to buy something, why bother going through the hassle, risk, and fee-laced process of buying bitcoins just to exchange them for something else? I might as well just use a credit card or cash. But if people were getting paid (even just for side jobs or short contracts or only part of pay, like their bonus) in crypto, then the economy would be more balanced.
More on this here: http://www.cryptopros.com/2014/03/working-for-cryptocurrency.html
THREAD : When to "move the decimal points" ?
Answer of Bitcoin devs mafia :
Oh no, we don't need to do that, if "the people" are too stupid we shall ignore them.
Bitcoin don't need "the people". We don't need "the people".
BUMP because nothing has changed.
Are we going to move the decimal or what ??
Are we going to move the decimal or what ??
Answer of Bitcoin devs mafia :
Oh no, we don't need to do that, if "the people" are too stupid we shall ignore them.
Bitcoin don't need "the people". We don't need "the people".
Litecoin also has the advantage of lower prices; too early to tell if DOGE will survive.
Well, I can most certainly say this will never happen.
While you're right in the sense that people like to say they have a whole of something rather than a piece of something, it's far too late to make such a drastic change to Bitcoin. Although I do think this is part of the reason Litecoin will eventually become very popular, perhaps even more popular than Bitcoin for everyday purchases (and the faster transaction times certainly help as well).
While you're right in the sense that people like to say they have a whole of something rather than a piece of something, it's far too late to make such a drastic change to Bitcoin. Although I do think this is part of the reason Litecoin will eventually become very popular, perhaps even more popular than Bitcoin for everyday purchases (and the faster transaction times certainly help as well).
Bitcoin doesn't have to be breaking through in terms of dollar price in the first place, does it?
I think the idea is great
I don't think that is an issue. For common people that might be an issue, but for someone who is paying for goods/service he doesn't care if he is paying in a cryptocurrency that has value of 1$ for 1 or 650$ for 1. It's a trade system, like monetary market with currencies like Rubles, Dollars, Euros, Pounds...
On the other hand...
Isn't the large number compared to fiat precisely that incentives many people to hear more about Bitcoin?
If you don't understand that you don't have to buy a whole coin after just initial research, you are going to be a late adopter anyway.
Why to focus on late adopters?
They will resist anything new and act stupid regardless.
I don't think the numeric value is the most challenging thing to comprehend with the complex learning curve of cryptos...
And if someone doesn't "afford" Bitcoin... Let them buy altcoins so they can get "more" for the dollar..
Isn't the large number compared to fiat precisely that incentives many people to hear more about Bitcoin?
If you don't understand that you don't have to buy a whole coin after just initial research, you are going to be a late adopter anyway.
Why to focus on late adopters?
They will resist anything new and act stupid regardless.
I don't think the numeric value is the most challenging thing to comprehend with the complex learning curve of cryptos...
And if someone doesn't "afford" Bitcoin... Let them buy altcoins so they can get "more" for the dollar..
It would have been a good idea a while ago.. isn't it kinda too late and would only end in mass confusion?
no fway... it's because is too cheap ...
I think you missed the point. Quote
.. no idea of market mechanisms and consumer behavior.
Sadly
Code:
BTC is much to expensive!
no fway... it's because is too cheap ...
It's easy to do
If we deal in mbtc then amounts should say 567mbtc (0.567btc) for example
This way people will be more used to mbtc and talk in that unit aswell
If we deal in mbtc then amounts should say 567mbtc (0.567btc) for example
This way people will be more used to mbtc and talk in that unit aswell
Do they also not buy gold because they want a whole bar? What kind of logic is this FFS...
The problem is that bitcoin is a deflationary currency, there is an exact number to divide among all. Considering that some bitcoins will always be lost daily due to private key loss, the other acquire more value, unless there is a crash.
The main reason why Bitcoin is not yet breaking through: BTC is much to expensive!
If that's true, then it's probably best that Bitcoin does not "break through". The masses would only hurt themselves.
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