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Xib
replied 2216d
x2dm
The problem is that you will have to pay like 5 satoshi for the coffee once Bitcoin is widely established, because of the drastic value increase that comes with.
x2dm
replied 2216d
I can see 1 bit getting closer in value to $1 in the future, but 1satoshi = $1 is... far off...
TrashPosterInTheDark
replied 2216d
And what's the problem here?
Xib
replied 2216d
That the high value would pretty much render "bits" useless since you could use satoshi like you use USD
x2dm
replied 2216d
If that actually happens we would have to change the protocol to add more digits, for divisibility... Then the whole paradigm would have to be changed anyway.
x2dm
replied 2216d
In any case, the bit~dollar, sat~cent paradigm is more than sufficient for the foreseeable future...