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As more and more not-quite-as-quantitative folks become engaged with the Ethereum community the high nominal price of 1 ETH becomes a more and more imposing barrier to entry. You and I maybe don't mind the idea of spending .014283 ETH on a cup of coffee, but for others it may not be quite so easy. People brains think in whole numbers.
I see a few distinct advantages:
1) Easier to conceptualize real world transaction values, so mainstream adoption will be faster. 2) ETH trading crosses will have less trading errors caused by mis-entered prices. This incremental increase in functionality will help ETH crosses gain a bit more liquidity on exchanges, helping ETH become the dominant reserve currency sooner. 3) First buyers may choose ETH over BTC. First time coinbase user depositing $200 would have a choice of 200 ETH or .047 BTC. Who really wants to own .047 of the something? It kinda sucks. A lower nominal will make buying ETH seem normal for all size crypto budgets.
Disadvantage: 1) Expensive, time-consuming work to make a nominal change that will result in no functional difference.
what do people think?
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- 7 years ago
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