Looking to start a Bitcoin Meetup in Halifax, Nova Scotia.

Haligonians who are interested (all five of you!), please visit the Meetup page: http://www.meetup.com/Halifax-Bitcoin-Community/

 

I operate two websites where you can spend your Bitcoins:

http://hockeyunderwear.net/ - Features Pro Hockey Underwear made in Nova Scotia, Canada

http://osbornehead.com/ - Features natural kelp-based shampoo made in Nova Scotia, Canada

 

Like most on these boards, I would like to see bitcoin become a widely accepted means of exchange. However, one concern I have is decimal places. As bitcoin appreciates in value, anything priced in BTC will require increasingly more decimals.

For instance, say a pen costs 0.04 BTC today. But in the future (perhaps not too distant), that same pen might cost 0.000567 BTC. With so many decimals, understanding the cost of the pen may be tricky to comprehend for the potential buyer.

Or, say I buy the pen for a friend, I then go to my friend to collect the money in exchange for the pen. Meeting with my friend, I say, "Here's the pen. You owe me 0.000567 BTC." Doesn't exactly roll off the tongue, or brain for that matter.

Of course, most transactions will be done electronically, so perhaps you wouldn't have to quote prices to someone. Nevertheless, understanding values in BTC could become tricky, especially if we want to go beyond translating BTC prices into our home fiat currency.

Perhaps we will need to begin computing values in reverse. In other words, we have an intuitive understanding of what 100 USD represents. In the future, will we have an intuitive understanding of what 0.00000752 represents?

Just thinking out loud. No doubt I've missed something in my thinking. I'd love to hear some thoughts.

Hi there,

My name is Reed Holmes and I live in Nova Scotia, Canada.

I have been in the the online sports gaming business since 2003. I would love to work with a bitcoin sportsbook or help an existing sportsbook begin accepting BTC. I have a wide range of skills and experience in the sport betting business.

I am also a publisher and have two websites that sell products that can be purchased with Bitcoin. One site sells pro hockey underwear (http://www.hockeyunderwear.net/) and another site that sells natural kelp shampoo (http://osbornehead.com/).

The hockey underwear is manufactured in Nova Scotia by a company called Stanfield's and is used by professional hockey teams like the Edmonton Oilers. The kelp shampoo is made with ocean kelp sustainably harvested near my favourite surf spot, Osborne Head.

Look forward to connecting with other Bitcoiners here at Bitcointalk.org!

 

Reed
http://reedholmes.com

Hi there,

My name is Reed Holmes and I live in Nova Scotia, Canada.

I have been in the the online sports gaming business since 2003. I would love to work with a bitcoin sportsbook or help an existing sportsbook begin accepting BTC. I have a wide range of skills and experience in the sport betting business.

I am also a publisher and have two websites that sell products that can be purchased with Bitcoin. One site sells pro hockey underwear (http://www.hockeyunderwear.net/) and another site that sells natural kelp shampoo (http://osbornehead.com/).

The hockey underwear is manufactured in Nova Scotia by a company called Stanfield's and is used by professional hockey teams like the Edmonton Oilers. The kelp shampoo is made with ocean kelp sustainably harvested near my favourite surf spot, Osborne Head.

Look forward to connecting with other Bitcoiners here at Bitcointalk.org!

 

Reed
http://reedholmes.com