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1  Economy / Speculation / Re: Winklevoss Bitcoin ETF effect in price on: July 12, 2014, 08:28:31 PM
Hi guys, this is the first time ever in my life that I will post anything on the internet, but I think you'll get the point.

I think bitcoin is due to an amazing future and that we should get people to think in smaller denominations than a full bitcoin unit. By analogy to our current fiat currencies like $ or euro I'm sure you'll agree that the most easily used subdenomination of the bitcoin should be the milli-bitcoin.
I think that the psychologically extremely high price of the most used bitcoin denomination (the unit) will slow its acceptance until "named" subunits are used more regularly, I would guess our visual system also plays its role because i start to have problems counting the number of zeroes after the comma you need to be able to buy a damn coffee in our beloved currency.

This is my request: Please please, do not divide the value of one bitcoin by 5... FIVE to get one damn sharee of COIN ETF!! Divide it by 1000, 1000000 whatever you want, but please let people get used to think in smaller NAMED (mBTC) bitcoin denominations, not in new base5 base8 or whatever system that doesnt have even a name! We need to get used to a higher bitcoin value, please help us do that...

1 COIN share = 1mBTC is all we should ask for
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