Quote from: bspus on January 26, 2021, 08:40:14 PM

This obsession with the unit price makes me wonder sometimes.

bitcoin has 100 million satoshis each. In fact, at the protocol level there are only satoshis. The bitcoin software does not care about whole bitcoins. It only cares about satoshis.

The bitcoin "unit" is actually just a convention!

Still, there are valid questions to be asked

1) Would it have been different (for better or worse) if the decimal point was chosen to be further to the right? Really even now it's little more that changing what the client shows as "one" bitcoin.
Back when the price of one unit was just cents this would have been a moot point. Now I'm not so sure. Unit bias is a real thing.

2) Should it be considered in the future to increase the decimal points to the right? Effectively 10x all the satoshi in existence (the equivalent of 1 decimal point increase)
This is not really an increase in supply as all balances AND past transactions would see that increase. What it would do is add precision to allow for even smaller transfers of value and maybe more granularity in fees

This is something that needs to be considered seriously. I would say that since the current Bitcoin price is around $31,000 and in future BTC is expected to test six-digits, the decimal point needs to be moved by six places to the right. That would mean that all the existing and yet-to-be mined Bitcoins getting subdivided by 100,000. So 1 BTC in existence becomes 100,000 BTC. This will being the unit price down to manageable levels. For the software, it makes no difference. Earlier 1 BTC was equal to 100 million Satoshi. And now 1 BTC will equal 1000 Satoshi.