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Author Topic: Will/Should the decimal in BitCoin measurements be removed?  (Read 2920 times)
DannyHamilton
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January 15, 2013, 04:35:23 PM
 #21

If I understand correctly, Bitcoin is stored internally as an integer. I would be supportive of moving the decimal place so that you only have hundreds after the decimal place. I hate the idea of a day coming when people buy gum for .0000002 BTC.

I know there is slang already for satoshis or "mikes" etc... but I've noticed through traveling that countries use different money slang in different places for different amounts- some of them not so sensible. Relying on a world-wide slang to cope with too many zeros in digits seems difficult to do.
It's not really something I'm going to worry about right now.  Anything less than 0.0007 BTC is less than 0.01 USD right now.  When the number of decimals begins to be an issue, I assume that people will deal with it however they want.  Eventually a common method will emerge.  I'm not going to try to predict what that common method will be, nor am I going to try to force my ideas of what "should" be done on everyone else.  I'm too modest to believe that I have the perfect solution to the "increasing number of decimal places" problem and that everyone should listen to me and do it my way.

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January 16, 2013, 02:59:42 AM
 #22

I know there is slang already for satoshis or "mikes" etc... but I've noticed through traveling that countries use different money slang in different places for different amounts- some of them not so sensible. Relying on a world-wide slang to cope with too many zeros in digits seems difficult to do.
It's not slang, and it's not different in different countries. It's the metric system. It already has worldwide acceptance. We just need to convince America to get with the program. Roll Eyes

Oh wait, they already are (at least when it comes to currency). America already uses "cents" and "mills" to refer to a hundredth-part and a thousandth-part of a dollar, respectively, though the latter is seldom used these days for obvious reasons. What's the problem, again?

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