Some Opinions on the Default Unit of BTSX

[yellowecho]

It very well could be a good strategy to launch BTS at 4 billion shares but when the price becomes 'too high' have a shareholder vote (perhaps with a future DAC) to do a stock-split back to a more approachable buy-in level.  Not only would it help avoid psychological walls, but it would also bring free publicity as people research the 'price drop' and could spotlight the flexibility of the network.  I've found that many crypto-noobs get confused and irrationally frustrated (IMO) by coin divisibility ("wtf is a satoshi?") but completely understand stock splits as they're a norm in equities.  Doing so would eliminate any need for a naming scheme for the units of divisibility; a bitshare is a bitshare.

[fuzzy]

The number of shares is not relevant, because we will represent everything as percentages (eventually). 

So the only question is what fraction of a percent is considered a XTS.    I think using a DOGE style positioning of the decimal point may have some solid marketing purposes of appealing to the little guy.

That's exactly what I was thinking.  At any time, the BTS could do a stock split and change the nominal price to whatever is most appealing.

Bingo..

[bitshares]

Nice idea 

[bitcoinerS]

4,000,000,000

 

[toast]

 

[bitbro]

IMHO don't put in the m before BitShares it seems to degrade the value


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[toast]

By "do a stock split" you mean move the decimal point a few spots in the UI? Sure. Can we simultaneously rename the unit to make it clear that we did a stock split, like prepending it with "m" like "mXTS"? That seems reasonable

[yellowecho]

The number of shares is not relevant, because we will represent everything as percentages (eventually). 

So the only question is what fraction of a percent is considered a XTS.    I think using a DOGE style positioning of the decimal point may have some solid marketing purposes of appealing to the little guy.

That's exactly what I was thinking.  At any time, the BTS could do a stock split and change the nominal price to whatever is most appealing.

[bitbro]

The number of shares is not relevant, because we will represent everything as percentages (eventually). 

So the only question is what fraction of a percent is considered a XTS.    I think using a DOGE style positioning of the decimal point may have some solid marketing purposes of appealing to the little guy.

DOGE style, baby!




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[jackie]

DOGE style is good

The number of shares is not relevant, because we will represent everything as percentages (eventually). 

So the only question is what fraction of a percent is considered a XTS.    I think using a DOGE style positioning of the decimal point may have some solid marketing purposes of appealing to the little guy.

well done

[CLains]

The high price gives a feeling of danger, always.

[bytemaster]

The number of shares is not relevant, because we will represent everything as percentages (eventually). 

So the only question is what fraction of a percent is considered a XTS.    I think using a DOGE style positioning of the decimal point may have some solid marketing purposes of appealing to the little guy.

[checkie]

XTS is not supposed to be used as a currency, it should be thought of more like stock.

What do you think of the fact that a USD is worth 0.0018 AAPL? Should we be using mAAPL when we talk stocks?

I think you do not really understand the proposded idea. This is not a mathematical problem. This is about psychology. When I decided to buy some altcoin for the first time, I chose DOGE not BTC. I didn't known which was better at that time. Just because 1 USD get about 1000 DOGE.

The high price gives a feeling of danger, always.

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[Nimrod]

XTS is not supposed to be used as a currency, it should be thought of more like stock.

What do you think of the fact that a USD is worth 0.0018 AAPL? Should we be using mAAPL when we talk stocks?

I think you are too idealistic.

[toast]

Stocks will do the same thing to appeal to common psychology. 
Split when the price gets too high to appeal to smaller investors:
http://www.dailyfinance.com/2010/01/20/small-investors-rejoice-berkshire-hathaway-stock-to-split-50-t/
(though this doesn't directly apply as you can buy fractions of BTS)

or a reverse split to not appear too cheap or worthless.

Its easy enough to move the decimal for an individuals display via mili, micro etc.
Whether to change the core standard decimal place is another question.  I think this would be positive though, as you suggest.

The psychological aspect has a root in old-world constraints which we will transition out of soon enough, I just want to push it along