Post
Topic
Board Bitcoin Discussion
Re: Bitcoin needs something equivalent to a stock split
by
_tenletters
on 20/03/2014, 03:26:17 UTC
bitcoins "stock like split" it's mBTC

Simple, already implemented.. Just need mBTC to become the standard.  It will be done gradually, by exchanges and services, and users..

Already being adopted by some.. my client shows mBTC for few months now, im getting used to think in mBTC Smiley



No. This solves the problem by creating a much worse one.

You are expecting people to learn a whole new obscure aspect of a system which already functions cryptically by definition.

This essentially requires an entire re-branding.

People have been hearing "bitcoin bitcoin bitcoin" in the media. "Bitcoin" is what they are familiar with, if they decide to participate, it is "bitcoins" they they will want, not some impotent sounding mouthfull of garbage called a Mil-E-Bit-Coin.

They very concept of a coin is not consistent with something that costs hundreds or thousands of dollars. People already work their way around this. They talk about protecting or spending their "bitcoins" even when talking about less than 1BTC.

Making this change just requires a modest conscious effort to go in the direction with the least linguistic resistance. A true semantic stock split will catch on and take over on it's own. Just like tipping a boulder off the edge of a steep slope.