rich1.0npub1uvtfvcegcn9kds68r8he57emc480vqtx8t22kpsctxgjxae44gvsksaxrthttps://nostr.ae/npub1uvtfvcegcn9kds68r8he57emc480vqtx8t22kpsctxgjxae44gvsksaxrtnjumphttps://nostr.ae📅 Original date posted:2014-05-02 📝 Original message:On 14 November 2013 12:45, Melvin Carvalho <melvincarvalho at gmail.com> wrote: > Rationale > ======= > > Given the recent rise in value there seems to be anecdotal evidence that 1 > bitcoin being so high is putting off a lot of normal buyers, because they > feel that putting down $400+ and only getting "1 coin", or having to buy in > multiples of 1 whole coin, is too much.. only after it being explained that > they can buy fractional amounts to they regain interest, apparently > happening increasingly. > > > Straw Poll > ======== > > 6 months ago there was a straw poll on this > > https://bitcointalk.org/index.php?topic=220322.0 > > Roughly 2/3 of respondents favoured switching > > A further 20% said to switch after it hits 1000 > > Satoshi's comments: > ================ > > Eventually at most only 21 million coins for 6.8 billion people in the > world if it really gets huge. > > But don't worry, there are another 6 decimal places that aren't shown, for > a total of 8 decimal places internally. It shows 1.00 but internally it's > 1.00000000. If there's massive deflation in the future, the software could > show more decimal places. > > If it gets tiresome working with small numbers, we could change where the > display shows the decimal point. Same amount of money, just different > convention for where the ","'s and "."'s go. e.g. moving the decimal place > 3 places would mean if you had 1.00000 before, now it shows it as 1,000.00. > > https://bitcointalk.org/index.php?topic=44.msg267#msg267 > > > Would now be a good time to start thinking about changing the default > display in the software. Perhaps initially it could be a dropdown display > option, then at some point mbtc becomes the default? > > Just a FYI on this topic. In Gavin's recent interview he described the block reward as 25,000 millibits (about 25 minutes in). https://www.youtube.com/watch?v=4pBd-OD9Rns Decide for yourself whether or not that's meaningful :) PS very enjoyable and accessible panel ... -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140502/aa705858/attachment.html>