Quote from: BTConomist on May 10, 2013, 01:56:05 AM

Quote from: jaywaka2713 on May 10, 2013, 12:31:39 AM

I could see us breaking down Bitcoin 8 more decimal places when we have calculated that only about 10,000 BTC are left in existence.

Thanks for confirming that I have correctly interpreted the second point in SgtSpike's answer. Unfortunately, this now means that I have to go back to the drawing board and figure out at what point it would make sense to add more decimal places in order to avert an inflationary spiral that will eventually result from lost coins (if we ever succeed at building a flourishing BTC-based economy around the bitcoin protocol). Sad

I know that the issues I'm trying to bring to the miners' attention may appear somewhat odd at this point, but please take note of the inferences that I've made throughout this thread, as understanding them would prove essential in a miner's ability to take maximum advantage of the GOLD 2.0 era we're passing through right now. I don't think that it will be years before I can finally share (in layman's terms) what had clicked in my head after I came across one of Gavin's old tweets, back in 2011 (see a hard copy below). It's just I haven't yet found a professional writer (with background in bitcoin and economic theory) to help me put the right words on paper, so to speak. Why would I need a professional writer? Well, as some of you may have already noticed, any attempt that I take to construct a structural argument around BTC money supply (not monetary base units, a.k.a. raw bitcoins) it only seems to take everyone's attention away from the main points of that argument... It appear that I'm just not cut out for explaining intricate things in prose. Wink

So you're saying that converting $1 bills into pennies would also cause the USD to go into an inflationary spiral?

It's not that you're doing a bad job of explaining your arguments, it's that your arguments are bad.