It’s Time to Change the Way We Measure Bitcoin

in bitcoin •  7 years ago 

With BTC / USD now in five digits - If you add decimal numbers - bitcoin has become heavy. It is time to consider other methods of measuring cryptocurrency, especially when it comes to portions of money. The average common man can quote the price of 1 BTC, give it or ask them, to calculate the value of a bitcoin 0.001 and their eyes overlap, it is well to be done for the time being

source https://news.bitcoin.com/its-time-to-change-the-way-we-measure-bitcoin/

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As less and less BTC is becoming available for purchase, redefining what a Satoshi is does make sense. BTC will be a store of value asset and as more and more people are holding onto their coins. its price will have nowhere to go but up in the long term.

i have definitely had this thought. my thought was more like splitting btc like a stock split. but that might go against the idea of only having 21 million coins.