Post
Topic
Board Bitcoin Discussion
Re: Bitcoin needs something equivalent to a stock split
by
Dr.Zaius
on 21/03/2014, 21:36:22 UTC
Such a thing could be implemented, but I can't see it being accepted by a majority of peer nodes. My opinion is that we should not monkey with the code to accommodate human nature. If someone can't get their head around the fact that price is irrelevant then they should trade beenie babies instead.

But isn't worldwide acceptance the ultimate goal? Don't we want total saturation? If this is to be accomplished, then the protocol has to be presented in a way that is easier to digest for the average non-tech person.

Trying to explain to my wife that there are 100million satoshis in a Bitcoin. And that you can buy and send .001 bitcoin, which we are now calling a millibit is a disaster.

No. Why would worldwide acceptance be the ultimate goal? Adoption does not drive the price, contrary to the belief of tards on this forum. People who need the utility that bitcoin offers will use it. It is an example of Hayek's spontaneous emergence. Bitcoin does not need you hawking it to your wife. She has no use for it regardless.

The average person has no need for bitcoin , nor do they care about it, nor should they be told about it. Average people ruin things. When average people joined the internet what happened? It turned into a huge cesspool. When average people obtained automobiles traffic jams occured. When average people were given the right to vote, nation's collapsed. You get the picture.