Replying to Avatar Jestopher

I propose we change the denomination of USD from dollars to cents.

I have submitted a formal DIP (dollar improvement proposal) to the Fed.

There are simply too many trailing zeroes behind the BTC price when measured in USD.

Referring to $1 as 1 cent will reduce the shock that people experience when seeing the BTC price.

So, BTC will be worth ¢100,000 instead of $.

Then we can say that 1 BTC = $1,000.

Much easier.
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SLCW 1y ago

I think the 8 trailing digits was an intentional design decision by Satoshi. It provides for the inflationary nature of the currency. I think we shouldn't mess with that.

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Selim 1y ago

Yes. Also the 21 millions limit makes no sense if people agree on the NIP. 21 quadrillions instead. What’s a frickin’ quadrillion? Doesn’t make any sense.

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SLCW 1y ago

The numbers past 8 decimal points don't cease to exist, and could be functionally extended if need be. But it will take a while to get to that necessity. If sats are worth $1, that means bitcoin would be at $100,000,000. At that level, we would need have two additional decimal points (10 zeros) to accommodate the dollar value down to the penny. It's really just a matter of exchanges and wallets supporting 10 decimal points instead of 8.