Good point QuaestionAuthority (BTW, love your nick 
) The state of Bitcoin mining today is such that it has evolved into a completely antithetical activity than what was originally intended in Satoshi Nakamoto's white paper.
I think the mainstream Bitcoin community many of whom have been early adopters or at least been in the forum for a year more than the newcomers, has developed a bit of snobbish attitude -- a bit of ivory tower stance since Bitcoin has suddenly gone to the Moon. But those of us who are still here on Earth recognise the importance of Bitcoin's mass adaptability among the ordinary folk, among the small businesses on the High street etc. And those 0.000 are not helping.
Here's an interesting article about this problem http://bitcoinmagazine.com/8274/the-psychology-of-decimals/
I'm relatively new to Bitcoin and cryptocurrencies. Came in in November. On the first day I even Tried mining (yeah right LOL). Then I read a LOT (I'm a researcher so that's just how I approach anything that's new), and soon I started developing my own reservations about Bitcoin's long term economic model and about this crypotocurency's flexibility, which I'm not going to list here. Before I knew it I discovered the alt-coins, and - you know what? - Yes Bitcoin has the first mover advantage, but there are 1 or 2 coins out there that are WAAAAY better then Bitcoin. If Bitcoin's mainstream community and especially the developers, do not recognise the fact that Bitcoin is no longer the only one, and that there is a need to adapt and be agile in this world, and that not all altcoin are "scamcoins" or Pump-n-Dump coins, it might miss out eventually. So IMHO the attitude needs rethinking, first of all.
Secondly, the way that Blockhain stores information is in terms of Satoshis, not Bitcoins. Important to remember. The fact that 1 Bitcoin is = 100,000,000 satoshis is just a convention. And it is this convention that need to be rethought.
For the transitional period we can call the 100mln satosi Bitcoin "the old Bitcoin", and the 100,000 satoshi Bitcoin just "Bitcoin". And once the community reaches consensus then it can be passed to Bitcoin Foundation (or whoever does the PR), and tell them to announce it to the world, so that the wallet apps and all other apps can shift their decimal points.
I think Bitcoin would make a lot more sense to an average Joe (in whichever country) if he could talk about Bitcoins in integers, rather than "zero point zero zero zero two five six bitcoins". Imagine you are in noisy pub buying beer and instead of the traditional "two fifty" the bartender shouts "zero point zero zero zero two five bitcoins". THINK in terms of real world!
Also, if I work for the whole week, I want to see that my work has been rewarded with UNITS, not fractions of a unit!
I resurrected this 2011 thread for a good reason. To show that even back in 2011 people voted in favor of this change. Back then Bitcoin unit was so cheap that there was no need to change anything. But those voters probably were thinking about the future and that's why they voted in favour of change even then. Now in 2014 this kind of change is NECESSARY!
) The state of Bitcoin mining today is such that it has evolved into a completely antithetical activity than what was originally intended in Satoshi Nakamoto's white paper. I think the mainstream Bitcoin community many of whom have been early adopters or at least been in the forum for a year more than the newcomers, has developed a bit of snobbish attitude -- a bit of ivory tower stance since Bitcoin has suddenly gone to the Moon. But those of us who are still here on Earth recognise the importance of Bitcoin's mass adaptability among the ordinary folk, among the small businesses on the High street etc. And those 0.000 are not helping.
Here's an interesting article about this problem http://bitcoinmagazine.com/8274/the-psychology-of-decimals/
I'm relatively new to Bitcoin and cryptocurrencies. Came in in November. On the first day I even Tried mining (yeah right LOL). Then I read a LOT (I'm a researcher so that's just how I approach anything that's new), and soon I started developing my own reservations about Bitcoin's long term economic model and about this crypotocurency's flexibility, which I'm not going to list here. Before I knew it I discovered the alt-coins, and - you know what? - Yes Bitcoin has the first mover advantage, but there are 1 or 2 coins out there that are WAAAAY better then Bitcoin. If Bitcoin's mainstream community and especially the developers, do not recognise the fact that Bitcoin is no longer the only one, and that there is a need to adapt and be agile in this world, and that not all altcoin are "scamcoins" or Pump-n-Dump coins, it might miss out eventually. So IMHO the attitude needs rethinking, first of all.
Secondly, the way that Blockhain stores information is in terms of Satoshis, not Bitcoins. Important to remember. The fact that 1 Bitcoin is = 100,000,000 satoshis is just a convention. And it is this convention that need to be rethought.
For the transitional period we can call the 100mln satosi Bitcoin "the old Bitcoin", and the 100,000 satoshi Bitcoin just "Bitcoin". And once the community reaches consensus then it can be passed to Bitcoin Foundation (or whoever does the PR), and tell them to announce it to the world, so that the wallet apps and all other apps can shift their decimal points.
I think Bitcoin would make a lot more sense to an average Joe (in whichever country) if he could talk about Bitcoins in integers, rather than "zero point zero zero zero two five six bitcoins". Imagine you are in noisy pub buying beer and instead of the traditional "two fifty" the bartender shouts "zero point zero zero zero two five bitcoins". THINK in terms of real world!
Also, if I work for the whole week, I want to see that my work has been rewarded with UNITS, not fractions of a unit!
I resurrected this 2011 thread for a good reason. To show that even back in 2011 people voted in favor of this change. Back then Bitcoin unit was so cheap that there was no need to change anything. But those voters probably were thinking about the future and that's why they voted in favour of change even then. Now in 2014 this kind of change is NECESSARY!
Thanks! That's pretty much how I see it. People judge everything in life by their perception of it. That's neither bad nor good, it's simply the way it is. People should look at the exchange rate calculators and see that they are earning $5 a day regardless of the naming convention or decimal location but it doesn't seem to be working that way. People want to say, I have a hundred dollars or I have a hundred Bitcoins. If they perceive that they aren't getting what they want - they'll leave and something that satisfies them will take over.