Re: Bitcoin's 21million total coin supply hinders it immensely
People have adapted...to two decimal places. The OP has a fair point, from the perspective of the general public. People don't like to deal in fractions of things. People like whole things. Many people still can't even count back change. It's just a reality of society.
Bitcoin may prove to be useful as a store of value and that's where I think it should put it's focus. It should stop trying to also be a currency. It's just not useful. It's not likely to be widely distributed enough to disrupt major world currencies, because there simply are not enough for everyone to have plenty for use.
Cryptocurrencies that are launching with billions of coins, are on the right track as transactional currencies. It may be simply a mental thing, but perception is reality.
I completely agree on above. If it "just need a soft fork" then the Great Dalmutians out there, rumored to have 6 dots on this forum ;-) , should start implementing it.
People is dumb. This is an universal truth that sooner or later everyone realizes. Let there be satoshis, in the digital age theres a need for micro mili payments, for ad viewing, etc. But the monetary psichology of losing a 1 to be remained with 0.02 is too strong.
If i were satoshi, i should have proposed a 10,000,000,000 units coin. To moreless cover the future earth population, assuming a slowing of breeding. And still use satoshis. That will be an awesome way to track how many coins you have compared to other people... "Hey i have the bitcoins of an entire Malasian family! yay!" Dumb stuff like that. But, mind you, the population is dumb. Yep.
