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x2dm
replied 2301d
x2dm
Just as I pay three dollars for coffee, not 300 cents, I would prefer to tip five and a half bits rather than 546 satoshis...
Xib
replied 2301d
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 2301d
I can see 1 bit getting closer in value to $1 in the future, but 1satoshi = $1 is... far off...
TrashPosterInTheDark
replied 2301d
And what's the problem here?
Xib
replied 2301d
That the high value would pretty much render "bits" useless since you could use satoshi like you use USD
x2dm
replied 2301d
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 2301d
In any case, the bit~dollar, sat~cent paradigm is more than sufficient for the foreseeable future...