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Author Topic: The solution is obvious  (Read 5086 times)
trc
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March 24, 2014, 04:23:52 AM
 #21

Do they also not buy gold because they want a whole bar? What kind of logic is this FFS...

>> nope
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podyx
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March 24, 2014, 04:47:14 AM
 #22

It's easy to do

If we deal in mbtc then amounts should say 567mbtc (0.567btc) for example

This way people will be more used to mbtc and talk in that unit aswell
knightcoin
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March 24, 2014, 05:29:12 AM
 #23

Code:
BTC is much to expensive!

no fway... it's because is too cheap ...

http://www.introversion.co.uk/
mit/x11 licence 18.x/16|o|3ffe ::71
sacko
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March 24, 2014, 08:42:16 AM
 #24

no fway... it's because is too cheap ...
I think you missed the point.
Quote
.. no idea of market mechanisms and consumer behavior.
Sadly
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March 24, 2014, 12:19:21 PM
 #25

It would have been a good idea a while ago.. isn't it kinda too late and would only end in mass confusion?

Bid4Bit
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March 24, 2014, 01:05:12 PM
 #26

On the other hand...
Isn't the large number compared to fiat precisely that incentives many people to hear more about Bitcoin?

If you don't understand that you don't have to buy a whole coin after just initial research, you are going to be a late adopter anyway.

Why to focus on late adopters?
They will resist anything new and act stupid regardless.
I don't think the numeric value is the most challenging thing to comprehend with the complex learning curve of cryptos...

And if someone doesn't "afford" Bitcoin... Let them buy altcoins so they can get "more" for the dollar..  Cheesy
bythesea
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March 24, 2014, 04:57:01 PM
 #27

I don't think that is an issue. For common people that might be an issue, but for someone who is paying for goods/service he doesn't care if he is paying in a cryptocurrency that has value of 1$ for 1 or 650$ for 1. It's a trade system, like monetary market with currencies like Rubles, Dollars, Euros, Pounds...
newtypeseed
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March 25, 2014, 08:12:31 AM
 #28

I think the idea is great
ning
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March 27, 2014, 05:31:09 AM
 #29

Bitcoin doesn't have to be breaking through in terms of dollar price in the first place, does it?
CryptoClassroom
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March 27, 2014, 03:20:52 PM
 #30

Well, I can most certainly say this will never happen.

While you're right in the sense that people like to say they have a whole of something rather than a piece of something, it's far too late to make such a drastic change to Bitcoin. Although I do think this is part of the reason Litecoin will eventually become very popular, perhaps even more popular than Bitcoin for everyday purchases (and the faster transaction times certainly help as well).
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March 27, 2014, 04:30:31 PM
 #31

Litecoin also has the advantage of lower prices; too early to tell if DOGE will survive.

superresistant
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March 27, 2014, 04:44:29 PM
 #32

THREAD : When to "move the decimal points" ?

BUMP because nothing has changed.

Are we going to move the decimal or what ??

Answer of Bitcoin devs mafia :

Oh no, we don't need to do that, if "the people" are too stupid we shall ignore them.
Bitcoin don't need "the people". We don't need "the people".


dogechode
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March 27, 2014, 07:16:37 PM
 #33

OP: Your example kind of stinks because doge has steadily lost value for months now. So yeah, getting many crapcoins for your dollar doesn't magically make the coin successful. In fact most of the altcoins that have massive amounts of coins, are not doing too hot.

Some people make the same kind of argument about stocks. They don't want to buy google or apple stock because it costs several hundred dollars for one share and they would feel better to own 100 shares of a company that cost $50 per share, rather than a handful of shares of a company that costs $500-$1000 per share. Even though in reality it makes NO DIFFERENCE.

I think bitcoin is already popular enough that a scheme like this to change the decimal place is totally unnecessary. What is needed is further economic development. Right now it is still a little too inconvenient for ordinary people (ie those who are not very tech savvy) to get their hands on bitcoins, and it's a little too easy for them to lose them via scams, hackers, lost keys, computer failure, etc.

No one is getting paid in crypto either, which is a big issue. If I'm a regular guy and I want to buy something, why bother going through the hassle, risk, and fee-laced process of buying bitcoins just to exchange them for something else? I might as well just use a credit card or cash. But if people were getting paid (even just for side jobs or short contracts or only part of pay, like their bonus) in crypto, then the economy would be more balanced.

More on this here: http://www.cryptopros.com/2014/03/working-for-cryptocurrency.html
Bit_Happy
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March 27, 2014, 07:22:54 PM
 #34

It seems The solution is not obvious.

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May 06, 2014, 10:25:46 AM
 #35

the solution proposed here is for those that only have 0.00016btc can get sexually excited and spray their man juice everywhere while telling their 2 only friends that they "have a whole bitcoin"

while the other 7billion of us laugh at him and tell him that he only has a couple dollars to his name and he is a fake.


I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
BitOnyx
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May 06, 2014, 10:38:29 AM
 #36

No one cares about is it 0,000... or not.

In informatic everything will change one way or another.

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May 06, 2014, 11:17:28 AM
 #37

the solution proposed here is for those that only have 0.00016btc can get sexually excited and spray their man juice everywhere while telling their 2 only friends that they "have a whole bitcoin"
while the other 7billion of us laugh at him and tell him that he only has a couple dollars to his name and he is a fake.

 ... so many assholes in this forum
  /ignore

"Unser Problem ist nicht ziviler Ungehorsam, unser Problem ist ziviler Gehorsam."  - Howard Zinn
lumierre
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May 06, 2014, 01:13:17 PM
 #38

Anyone would feel richer if he/she had a bed of a million  $1-dollar notes than a single $1m dollar note.

I think it's a good idea to make people feel richer even if the they are practically the same value.

I don't want to own "a piece" of something. I'd rather own something that I can imagine as a whole.

Manipulation of perception, it's very important in marketing...
boumalo
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May 06, 2014, 01:21:24 PM
 #39

Anyone would feel richer if he/she had a bed of a million  $1-dollar notes than a single $1m dollar note.

I think it's a good idea to make people feel richer even if the they are practically the same value.

I don't want to own "a piece" of something. I'd rather own something that I can imagine as a whole.

Manipulation of perception, it's very important in marketing...

It is a lot about calculating more easily for the average bitcoiner as well

0.000367390-0.00002 require more time in average than 367,390-200,000 when you are not good in mental calculations

lumierre
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May 06, 2014, 01:40:21 PM
 #40


It is a lot about calculating more easily for the average bitcoiner as well

0.000367390-0.00002 require more time in average than 367,390-200,000 when you are not good in mental calculations

Good point. That's one more reason to use whole number units.

The fact that we can add a comma "," after every 3 numbers in the sequence greatly reduces confusion. Having 0.000,02 or 0.000,367,390 really doesn't make sense to anybody.

Basically, we take advantage of the comma in separating numbers. It's already used internationally for scientific or accounting purposes to speed up reading numbers so it may be a good idea to apply it in bitcoin too.
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