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November 24, 2017, 08:38:03 AM |
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Just a little social experiment - 12/12 people that I asked, said that they would hold onto Bitcoin if another 2 decimals were added; Which is just ridiculous (but understandable)!
If Bitcoin (referencing to the network and dev team) add another two decimals onto Bitcoin, your Bitcoin is now worth 100x less...
Take this for example;
I have 100.00 (the dot is a decimal) units of something. Now, I add an extra two zero's onto the end which gives me 100.0000 units - I can now divide the units up by 100x more thereby meaning that 100 units is now technically worth 1.000000 unit.
I think that the decimal place can often confuse and mislead people. The real question is, when Bitcoin eventually does add more decimals onto the end (and they will have to), how will the market react? Will there be a massive crash or will people be oblivious to the change?
Just a thought.
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