Post
Topic
Board Economics
Re: Bitcoin will only succeed once it takes the right approach to the decimal place.
by
KedP
on 13/06/2011, 18:58:59 UTC
there are 210 trillion satoshis available. (American trillions. Note that euros have a different meaning for "trillion")

The currency should be changed so that:

1 bitcoin becomes 1 satoshi

Code:
CURRENT VALUE                    FUTURE VALUE
1 satoshi                        1 bitcoin
500 satoshi                      500 bitcoins
500k satoshi                     500 thousand bitcoins (500k)
500 million satoshi              500 million bitcoins (500mil)
500 billion satoshi              500 billion bitcoins (500bil)
210 trillion satoshi             210 trillion bitcoins (210tril)


Just change the meaning of what we currently call a bitcoin to what is currently called a satoshi.

Bitcoins and satoshis become the same thing and the problem will be solved. The public will understand, and will be excited to get their hands on 10, 100, 1k, 100k, 1mil, 100mil, 500mil bitcoins.

Fractions are poison for the currency.