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It's becoming 'too valuable' in USD. There are other currencies, and the world does NOT in fact turn around US.
by Mchl 13y ago
It's becoming 'too valuable' in USD. There are other currencies, and the world does NOT in fact turn around US.
- tempestn 13y agoNo, it's becoming "too valuable" in terms of the goods a person would normally buy with it. It is more convenient to quote prices in whole number units than in tiny fractions of a unit. The USD is irrelevant here.
- Mchl 13y agoAt the beginnings of 20th century ~310USD (which coincedentally is 1BTC at today's - or this hour's - prices) would feed an average american family for a whole year. http://libraryguides.missouri.edu/content.php?pid=298741&sid=2450558 http://libraryguides.missouri.edu/content.php?pid=298741&sid... People used cents in day-to-day dealings and I doubt anyone found it inconvenient. Same stuff with BTC and satoshis. People will get used to that sooner than you'd think.
- tempestn 13y agoYa, I don't disagree. satoshies or mBTC or whatever. I'm just saying that the argument has to do with cost of goods in BTC, not anything related to USD.