The whole ETH/ETC situation is teaching us what BTC should have done a long time ago.
Ethereum split, creating two chains, ETH and ETC with ETC being exactly the same tech EXCEPT that it is orders of magnitude cheaper.
Then the price of ETC just exploded.
So this confirms my suspiction since the beginning.
Bitcoin should be redenominated, shifting the decimal place, moving it so that instead of 1 BTC = 650 USD, the redenominated Bitcoin would be 1 BTC = 0.65 USD and then you will see a huge adoption. Of course, for each BTC you were holding before the redenomination, you would get the equivalent 1,000 redenominated BTC.
That's the easiest way to increase adoption and make the price jump as a consequence. It's really a usability problem, no one wants to deal with infinitesimal 0.002 to buy a coffee. No one wants to spend 100 bucks to get 0.15 of something else, I know that's stupid but that's how people think.
Except it's not "adoption" per se. It's dividing those who stay true to the original (ETC where the dao is "bugged"), and those who don't care if it's renamed Bernankecoin. Fuck ETH in particular and pretty much fuck ETC too...though I would support ETC over ETH any day ending in "Y".
I see the sense in your point, I had problems understanding the bitcoin concept myself. All the zeros made it confusing, but I think the developer did that to remove the problem of inflation, should bitcoin replace fiat.
But the bitcoin developer is anonymous so who is going to make the change?
There is a team that develops Bitcoin. They are not anonymous and they should never make that change. Satoshi is an unknown, but he's gone, so whatever.
