Quote from: payb.tc on July 20, 2012, 11:48:03 PM

Quote from: matthewh3 on July 20, 2012, 11:44:09 PM

If the bitcoin value keeps rising over the coming months to up to and over $20.00 a coin then each BTC0.0005 transfer fee would equal $0.01 and above. Talking about bitcoin having free or very low transfer fees wouldn't it be best to move the decimal place and make a bitcoin instead of worth $20.00 a coin but to $2.00 a coin keep the transfer fee BTC0.0005 and have 210,000,000 coins in total instead of 21,000,000 coins.

how about just change the default tx fee (as has been done in the past)?

Maybe devaluing the bitcoin base rate by moving the decimal place to increase total coins to 210,000,000 instead of 21,000,000 is better. Making the value of a bitcoin seem cheaper and closer to the $//£ rate will help accounting and encourage investment. Either we lower the bitcoin default value or starting calling them milli-bitcoins or micro-bitcoins as unit of account. Inflating the amount of bitcoins is a good way to follow fiat money only we arn't devaluing. Lowering the bitcoin value once it plateaus above $20.00 a coin will help day to day accounting and adoption.