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Why would you award a US dollar amount of bitcoin? The point is to adopt bitcoin as it's own entity. Awards should be 10, 5, and 3 bitcoin. Or if you like bi
by ck2 13y ago
Why would you award a US dollar amount of bitcoin?
The point is to adopt bitcoin as it's own entity.
Awards should be 10, 5, and 3 bitcoin.
Or if you like big numbers call it 10 million satoshi, 5 million satoshi, 3 million satoshi ?
- nickkthequick 13y agoProbably they want to appeal more to people that are a slightly outside the bitcoin realm. They would be less likely to have coinbase accounts and they would get some bonus user acquisition while they're at it.
- simonebrunozzi 13y ago1 BTC = 100,000,000 satoshis.
- ck2 13y agoEven better then first prize: billion satoshi second prize: half-billion satoshi third prize: 300 million satoshi Very large numbers, almost sounds like dogecoin.
- jval 13y agoI agree. Awards should definitely be in BTC... seems like a vote of no confidence in your own product otherwise.
- dwaltrip 13y agoYou can't go from "not yet invented" to "stable, widely accepted decentralized currency" overnight. There will be intermediate steps. Pegging to USD amounts is an extremely sensible intermediate step. And honestly, bitcoin's success doesn't even depend on people pricing things in it.