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I also have been a bit confused by the usability of BTC for ordinary people, due to the units of measurement. The fractional nature of BTC and cryptocurrency s
by sixdimensional 9y ago
I also have been a bit confused by the usability of BTC for ordinary people, due to the units of measurement. The fractional nature of BTC and cryptocurrency seems like it would not fit the necessary ease of use for most non-digital, day-to-day transactions. I think ordinary people would find it hard to buy bread if it cost 0.000127 BTC ($1.99 USD), for example.
- pgm8705 9y agoI think things would start being priced using different units. With your example of bread costing 0.000127 BTC, that could also be written as 127 "bits" or μBTC. It would take a lot of getting used to, but it really isn't any more complicated than $1.99.