I stumbled upon this announcement on SouthXchange:
"On November 20th, Nosturis (NTRS) will reduce its supply in 1:1000. For example, if you have 10000 NTRS you will end up with 10 NTRS."
Which really got me thinking... I know that in theory the supply is irrelevant to the price (i.e. market cap), but when we're this close to 1 satoshi (2 right now), it could mean life or death. Take a look at the mentioned coin's order book:
...
It's important to note that this change should make everyone's wallet just move the decimal point to the left, not to retain the same number while the future emission drops, that would not be fair. This change actually isn't supposed to alter anything in the emission rate or the current and future supply, it is supposed to simply move the decimal point to the left for everyone with a mandatory update. This should only have a benefit of having a much better order book on the exchanges and potentially more volume. Another added benefit is not failing if we reach 1 satoshi.
I see only advantages, is there a potential drawback I am missing? What does the community think about doing this decimal point move for BiblePay? If yes, how many decimals, 1, 2, 3?
Interesting point. On one side we have TOKOK price in ETH which should be more precise (still volume there is monopolized by their bot), and on the other hand some exchanges do support Satoshi decimals, the first that comes to my mind is Graviex. But unfortunately we don't have presence there.
I think that if some investor really wants BBP, they will not care if it's 2 or 3 sats. As long as there is liquidity, the market will take care of the rest.
I think it is just up to SX to allow sub-satoshi markets. They could theoretically add a digit after the satoshi and make it 9 digits.
(Although it probably goes against the grain and is non-standard).