Bitcoin Forum
October 20, 2018, 11:56:17 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
  Home Help Search Donate Login Register  
  Show Posts
Pages: [1]
1  Bitcoin / Bitcoin Discussion / Move Bitcoin's radix point 3 places to the right to improve BTC acceptance on: January 10, 2014, 02:06:28 PM
I think Bitcoin needs a currency system reform. The way it is now, it's scaring people away, even though it is just psychological. Using other units like mBit is not much helpful either.

The best way is to continue to use 1 Bitcoin as a unit name and move the radix point 3 steps to the right, so:

0.001 old BTC = 1.00 new BTC.

In countries where hyperinflation occurs, it's a common approach to make a monetary reform and usually move the radix point 3 steps to the left. Since Bitcoin is hyperdeflating, it makes sense to do the opposite.

I think this will greatly improve BTC acceptance. Like it is today, it's just silly to go buy a coffee for 0.0015 BTC. It's not how most people are used to buy things.

In order for this to be effective, it's not enough to do this just in speech, wallets and prices at stores should display the new unit system. I'm not sure how difficult it would be to change this at the software level though.
2  Economy / Speculation / Global economy forecasts say that 2014 will be great. Is this good or bad for BT on: January 07, 2014, 09:58:18 PM
So almost all global economy forecasts that I've read are very optimistic about global economy in 2014. Is this good or bad for BTC? I have this impression that BTC attracts more people when there are risks of financial trouble around the world.
3  Other / Off-topic / If you could live anywhere in the world, where would you choose(country)? on: January 05, 2014, 08:17:54 PM
I was thinking this the other day and I found it hard to choose one
4  Bitcoin / Bitcoin Discussion / How much in % of your savings are in BTC? on: December 29, 2013, 04:19:49 AM
My target is to have 50% of my savings in BTC, so what do you think, is this a good strategy?
5  Economy / Trading Discussion / Why is bitstamp so much cheaper than mtgox? on: December 27, 2013, 12:21:47 PM
Are there a lot of people buying on bitstamp and selling on mtgox?
6  Other / MultiBit / I password protect a wallet in multibit but I'm not asked for a pw when I open? on: December 26, 2013, 11:36:53 PM

I created a wallet, then added a password to it, then I close Multibit. So I was expecting that after doing that, everytime I start Multibit I would be asked for a password to access the password protected wallet? But it's not the case. So anyone who can access my computer will be able to send BTC without needing a password.

So I'm wondering if the password will only be requested when importing a backup wallet into another instalation of Multibit(or other client)

7  Economy / Economics / What are the next events to watch that could potentially bring BTC below $500? on: December 26, 2013, 12:05:29 AM
What are the next events to watch that could potentially bring BTC below $500?

Let's make some predictions!

8  Other / Beginners & Help / So you're newbie, have you already bought BTC or are you waiting for a drop? on: December 25, 2013, 02:52:09 PM
So newbies, have you already bought a lot of BTC or are you waiting for a price drop? If you're waiting, how much are you willing to pay 1BTC?
9  Other / Beginners & Help / If anyone can create an altcoin, isn't it the same as printing money? on: December 25, 2013, 02:16:34 PM
So I'm reading about Bitcoin and a recurrent advantage mentioned is that Bitcoin has a hard limit.

But if anyone can create an altcoin, isn't it the same as printing money resulting in loss of value of all digital coins together?

When so many digital currencies are competing with each other, the average demand for each of them tends to get lower.

Pages: [1]
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!