Tell HN: Bitcoin's 8 decimal places are preventing its adoption.

https://news.ycombinator.com/item?id=5515770
by citizenkeys • 13 years ago
3 10 13 years ago

Bitcoin's real problem is the "BTC" unit is divisible to 8 decimal places ( http://bitcoin.org/en/about ). Why is that a problem? Most people don't know what a decimal place is and can't divide. So imagine asking people to not only divide, but divide to 8 decimal places every time they do any sort of financial transaction, no matter how insignificant. For example, a $4 frappuccino costs 0.02116402 BTC.

The solution: A unit I'm calling "BTU", Bitcoin Units. It's nothing more than a BTC divided to 8 decimal places, making it an indivisible currency unit like a yuan. No division, no decimal places, just integers. Everybody can easily understand it.

Any reason why we can't accept this new term?

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