SeattleUnfreeze on Nostr: This feels too based in the present and may lead to the illusion of inflation should ...
This feels too based in the present and may lead to the illusion of inflation should the smallest indivisible unit someday be divided. Under this BIP, the value of a #bitcoin would be forced to change again when the smallest unit changes, essentially leading to
1. A series of 10^i "stock splits" from the perspective of #bitcoin as unit of account
2. A future BIP to amend this BIP
I get the "wholecoin bias" that nocoiners often get caught up in, but a top-down unit nomenclature change feels confusing and not in the spirit of Satoshi's vision. Not to mention the "menu cost" and potential bugs & confusion of every wallet, exchange, etc updating to align with this BIP.
In short: Let the masses decide #nostr
1. A series of 10^i "stock splits" from the perspective of #bitcoin as unit of account
2. A future BIP to amend this BIP
I get the "wholecoin bias" that nocoiners often get caught up in, but a top-down unit nomenclature change feels confusing and not in the spirit of Satoshi's vision. Not to mention the "menu cost" and potential bugs & confusion of every wallet, exchange, etc updating to align with this BIP.
In short: Let the masses decide #nostr