Who would want to say "this item costs 0.0000000001 bitcoin" compared to "this costs a dollar"? No one.
So no, people do not want to deal with decimal points. They like dealing with whole numbers. I'd like to see someone go to a bank and request $0.00023 dollars. lol
So no, people do not want to deal with decimal points. They like dealing with whole numbers. I'd like to see someone go to a bank and request $0.00023 dollars. lol
This isn't the dollar, bub
And besides, they're completely different. $.00023 will never, ever, ever, ever, ever, be worth the dirt on your feet. A single Bitcoin encompasses tens, to hundreds of dollars. A fraction of a fraction of a Bitcoin is equal to a dollar.People would call it something different if it came to that. You seem very sure of yourself for someone who shouldn't be. Besides, there's no way we'd whittle down to 1 BTC considering the last Bitcoin will be minted sometime after you're dead. Nobody's gonna lose all 21 million coins, I guarantee it.
And if the fed's decide to disallow any official merchant trading it BTC, due to fear of fraud or manipulation? Whats the value of those bitcoins then? Or suppose the internet gets wiped out, massive virus, large hardware malfunction or server wipes. BTC seems to be a risky business.
Even if it became illegal (or over-regulated to the point of near uselessness), there would still be an underground market for it. Until something better came along, anyway. Currencies come and go all the time.