Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
jl777
on 14/02/2014, 20:26:36 UTC

P.S. I am trying to make sure that even after NXT goes above $1000 we can still buy a lollipop at a precise price.

even if Nxt goes to $1000, 0.00001 would be 1 cent

Too many decimal points bring confusion.
How much does a single crypto cost? One that is .0000000013 BTC? I just want to be able to not have to worry about bundling very small valued things so we dont have the quantization problem.

The GUI can hide the extra precision. I am not talking about display. I am talking about what the low level protocol supports.

I am also not talking about reducing the fee to .00000001 NXT. The fee should be reduced an order of magnitude at a time as we find that it is a problem.

Reworking the code to add precision is the time where we can figure out how to add the most digits without adding too much overhead. We dont have to use or display that precision, but if we can get it essentially for free, why not?

James