When will be time to add more decimal places on the official client?

[TiagoTiago]

We're nearing ten bucks per BTC, i would be more comfortable if we didn't loose the ability to pay/receive cents of Dollar so soon...

[humble]

Think it's in 0.3.21 already. Have fun!

[TiagoTiago]

It doesn't show the additional zeros, only shows the additional places if there are any fractions of bitcoin cents ?

[Sukrim]

Yes, there are. If you get a payout from a mining pool that is very exact with their payout, you will also have bitcoins down to Saitoshis.

[TiagoTiago]

I tried sending 0.005BTC and it warned me i would be forced to fork out a whole bitcent in order to have that transaction processed...i thought there were still lots of people mining choosing to not charge any transaction fees...

[Sukrim]

There are quite a few (more or less arbitrary) limitations/rules in the official client, that are not 100% necessary but there to kind of "set standards" and mindsets for the future (like these microtransaction fees)

[Ian Maxwell]

The client supports arbitrarily precise transactions and displays them correctly, but will show 2 decimal places regardless of whether they're needed or not. In the long run this ought to be configurable so that I can show 3 or 4 or 0 trailing zeros if I like. But even then, 2 will probably be the default setting just because it's so familiar to most of the world. (Do they use 3 digits anywhere outside Bitcoinistan and Kuwait?)

[TiagoTiago]

The exchange rate is close to .001BTC per 0.01USD, is 4 US Cents considered a micropayment?