Here is a game theory question to question the rush and rash in bitcoin world.
The number of bitcoins is limited to 21 millions with 8 zeros in fractions. What if the fractional places would have been 5 instead of 8 and total coins in circulation would have been 21 billion coins with same generation span, do you believe that price would be same as now? By same generation span, I mean that generation per block would be 1000 times more than the actual so that the world get 21 billion bitcoins in same span as actual.
What if the fractional places would be still 8 with 21 billion coins in circulation in same generation span? Would the price be still the same as now?
Is number a problem?
Hypothetically, To correct the market behavior of mad rush towards sustainability, shall we create a new taxonomy say "TheCoin" which is 1000th of Bitcoin and convert all exchanges and conversations in new taxonomy?
I think number is a problem.
What do you think?
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Disclaimer: I hold bitcoins. And working on new coins. I hate ICOs. I think privacy is overrated. I believe privacy is necessary but not always.
I would imagine that the price would be the same but to a factor of 1000, that being it would be 1/1000th of the current price so about $16. That's based on the belief that market cap is the true driving factor behind the valuation and that is made up of supply and price, if supply increased price would decrease to maintain the same market cap.