Quote from: HGT24 on August 30, 2013, 09:33:12 PM

Quote from: exynos645 on August 30, 2013, 06:34:43 PM

Hello,

I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.

Why would people be more inclined to own 1 million satoshis that 0.01 BTC? it is just a number. not a value. please explain this concept to me.

For example, let's say I was living in Zimbabwe. Let's also say, that in Zimbabwe, they widely accept US Dollars and Zimbabwe notes. The merchants don't really care which currency they receive.

Now let's say that $5 US Dollars are equal to $100 Trillion Zimbabwe dollars. I don't think more people would be inclined to own the $100 trillion zimbabwe notes over the $5 USD. Denomination doesn't matter. value does.

This concept of using satoshis because they are a smaller denomination does not make sense to me. This goes along the lines of splitting a stock price so that "more people can afford it". Stock splits don't result in "more people being able to afford" the stock. It just means people are getting more shares for the same price. Same value, smaller denomination. Makes no difference.

There is the psychological border. Some people are less inclined to buy 0.01 BTC than 1 million satoshis, even when they know very well the value is exactly the same.