5 ms·

I agree, let me give you 0.0000005 BTC. Or I could give you 100 DOGE.

by nahname 13y ago

rglullis 13y ago
If you are being sarcastic, I am missing it. If in the end of the day both can buy the same thing, why should I care how big or how small the numbers are?
- eterm 13y ago
  Because you're human, and humans are irrationally attracted to larger numbers through anchoring and other effects.
  - tokenizerrr 13y ago
    Use satoshis. It's just another unit like cents. Who cares what the base unit is worth...
    - eterm 13y ago
      Had bitcoin started with the satoshi as its base unit (i.e. what is called a satoshi was just called a bitcoin) then we might not be having this discussion. But they didn't, and marketing matters.
    - nicky0 13y ago
      Lets say I want to tip you roughly 10 cents. I can send 0.0001 BTC Or 10000 Satoshi BTC is too big. Satoshi is too small, something in between is just ... nice.
  - rglullis 13y ago
    Nope. I am sorry. i don't buy it. There is no anchoring involved when the new currency is still not used to determine prices. People that still want to use dogecoin as actual money will have to do the conversion anyway. the large number will mean nothing when they cash out and realize that their MILLIONS of DOGE won't be enough to buy them a sandwich. Ask people in Zimbabwe if they care about carrying thousands of dollars in their wallets. they dont. such zeroes, many numbers, no actual purchasing power.
Spittie 13y ago
So it's because it looks better? You could always say "here, have 500 Satoshis". https://en.bitcoin.it/wiki/Satoshi https://en.bitcoin.it/wiki/Satoshi
- nwh 13y ago
  Here's 5400 Satoshi, actually. There's a dust limit to prevent micro cent spamming.
  - lvs 13y ago
    Just to be clear, Doge tipping is mostly not happening on the blockchain. These transactions are only transacting on the chain when people cash in or out of a tipbot.
RyanZAG 13y ago
People are dismissing this too easily. Looks matter, a lot. Tipping is an emotional connection - it's not a logical transaction. The tipper is making a contribution to something he likes. Giving 0.000000005 BTC gives the tipper and tippee an emotional message that his work isn't worth much. 100 DOGE makes it seem less petty. It's like giving a chocolate bar as a gift instead of $2 - you will get far more favorable reactions to the chocolate bar than a 'useless' $2.

I agree, let me give you 0.0000005 BTC. Or I could give you 100 DOGE.

by nahname 13y ago

I agree, let me give you 0.0000005 BTC. Or I could give you 100 DOGE.

If you are being sarcastic, I am missing it. If in the end of the day both can buy the same thing, why should I care how big or how small the numbers are?

eterm 13y ago
Because you're human, and humans are irrationally attracted to larger numbers through anchoring and other effects.
- tokenizerrr 13y ago
  Use satoshis. It's just another unit like cents. Who cares what the base unit is worth...
  - eterm 13y ago
    Had bitcoin started with the satoshi as its base unit (i.e. what is called a satoshi was just called a bitcoin) then we might not be having this discussion. But they didn't, and marketing matters.
  - nicky0 13y ago
    Lets say I want to tip you roughly 10 cents. I can send 0.0001 BTC Or 10000 Satoshi BTC is too big. Satoshi is too small, something in between is just ... nice.
- rglullis 13y ago
  Nope. I am sorry. i don't buy it. There is no anchoring involved when the new currency is still not used to determine prices. People that still want to use dogecoin as actual money will have to do the conversion anyway. the large number will mean nothing when they cash out and realize that their MILLIONS of DOGE won't be enough to buy them a sandwich. Ask people in Zimbabwe if they care about carrying thousands of dollars in their wallets. they dont. such zeroes, many numbers, no actual purchasing power.

Spittie 13y ago

So it's because it looks better? You could always say "here, have 500 Satoshis". https://en.bitcoin.it/wiki/Satoshi https://en.bitcoin.it/wiki/Satoshi

nwh 13y ago
Here's 5400 Satoshi, actually. There's a dust limit to prevent micro cent spamming.
- lvs 13y ago
  Just to be clear, Doge tipping is mostly not happening on the blockchain. These transactions are only transacting on the chain when people cash in or out of a tipbot.

RyanZAG 13y ago

People are dismissing this too easily. Looks matter, a lot. Tipping is an emotional connection - it's not a logical transaction. The tipper is making a contribution to something he likes. Giving 0.000000005 BTC gives the tipper and tippee an emotional message that his work isn't worth much. 100 DOGE makes it seem less petty. It's like giving a chocolate bar as a gift instead of $2 - you will get far more favorable reactions to the chocolate bar than a 'useless' $2.