Post
Topic
Board Bitcoin Discussion
Re: Bitcoin should not be seen as a currency, warns Ernst & Young
by
empoweoqwj
on 13/12/2013, 01:51:45 UTC
I have read lotsa articles on BTC lately. I have noticed most of them are overlooking one important fact about BTC when considering to name it a currency and see its real possibilities. The fact it can be divided - 0.001, 0.000001, 0.00000000000001 or whatever. There is practically no limitation.

I think this is essential for wider acceptance too. People are used to think in scales of 1$, 1EUR,...when it comes to currency and now 1 BTC. But this is wrong. There will be only 21mil of BTCs (actually less as some coins will be lost forever), but number of BTC users will be probably in hundreds of millions. There will be definitelly need to find apropriate name for smaller BTC unit for masses to use - something pretty catchy  Smiley

The limit is actually 8 decimal places, but I get your point  Smiley