Bitcoin is about to undergo a 1:1000000 "stock" split. essentially, they want a base unit and a second unit being 1:100 of the first. https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/ We already have two units: bitcoin and satoshi Therefore, the only way to make this possible would be to recalculate bitcoin as 100 satoshi (deep inside everything is measured in satoshis anyway). So, everyone with a current BTC will suddenly discover that he or she will have 1000000 bitcoins (officially called XBT from then on). I think that this will put new bitcoin/XBT on a path that will eventually lead to XBT=~$1 with each satoshi=~1c. How long it might take-maybe 20 years. If this happens, current BTC would equal $1,000,000
This is a very reasonable proposal, and will definitely increase adoption since BTCXBT will again look cheap.
Support +1.
For global adoption (more average Joes discovering/trying bitcoin) this is very important. I'm also thinking its a good thing and we should support it.
Even though "look cheap" isn't really an objective factor as price is just a ratio between 2 currencies. I'm pretty sure every bitcointalk user already tried to explain what is this strange "virtual bitsomething money" and then got an answer like this one : "wowww, so you're telling me you have to give hard-earned 500$ to get only 1 bitcoin ? That's very expensive, I not that rich to try this". You can explain whatever you want about how it got plenty of decimals etc. but when people remember how expensive is this intangible thing they feel out of the game.