Quote from: BurtW on May 21, 2014, 04:57:56 PM

Quote from: g4c on May 21, 2014, 04:51:10 PM

OP is correct, I have also heard rumours that bitcoin will soon have a divider applied, it's purely a language thing, one satoshi will still be the same, the new bitcoin will be 1 current millibitcoin.

The divider will make "coins" seem reasonably priced again.

Currently noobs and kids think "holy crap, i can't afford even one bitcoin, screw that!", but when they can get one for a dollar they'll do it.

The rumor is wrong. There is some momentum on naming 100 satoshis = 0.000001 BTC = 1 microbitcoin = 1 uBTC = 1 bit = 1 XBT, but actually changing the value of a "bitcoin" or "BTC" is not in the cards.

It will not drop to $1 because I will buy them all at $1.01 each.

Chances of Bitcoin falling to $1 are slim to none, OP is befuddled if he thinks that is certain.

But having one unit be worth a few hundred bucks is off putting to new users.

1 bit (1µBTC) sounds good, it would give Bitcoin a $21 trillion market cap if we wanted to reach $1 per bit.

Admittedly that sounds way too high on first hearing, but it's perfectly achievable as current global household wealth is around $250 trillion.