RE: The Small Number of Decimal Digits in STEEM

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The Small Number of Decimal Digits in STEEM

in steem •  7 years ago 

1/10 of a penny is irrelevant. it isn't needed , just get rid of it.

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then again , when steems goes to $100 dollars and makes me a millionaire that .001 will be worth 10 cents

It also adds to a 'too-much-information' problem when deciding on your own valuation of an asset.

The only place they're useful (in my opinion) is during trading to settle a final price. Especially if it's a penny stock being traded or on a heavily leveraged trade. Even there though - it's there for the computer to crunch numbers - not me.