Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

0
Ether should split 300 for 1. Or should it?
Post Body

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?

Author
Account Strength
80%
Account Age
8 years
Verified Email
No
Verified Flair
No
Total Karma
7,359
Link Karma
4,419
Comment Karma
2,940
Profile updated: 6 days ago
Posts updated: 9 months ago
Flippening

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
7 years ago