Re:Bitcoin breaks $3K to reach new all-time high
by jstanley on Saturday August 05, 2017 @04:14AM
(#14934718)
Do you think that increasing the number of decimal places actually increases the supply?
If everyone started talking about cents instead of dollars that wouldn't mean there's 100x as much money... 1 cent would still be worth 1/100 of a dollar.
Likewise, if you started dividing down to 1/1000 of a dollar it wouldn't be inflation. Each 1/1000 of a dollar would still be worth 1/1000 of a dollar.
Edit: and if you suddenly replaced every dollar with 1000 newdollars, those newdollars are also worth 1/1000 of what they were before.
If everyone started talking about cents instead of dollars that wouldn't mean there's 100x as much money... 1 cent would still be worth 1/100 of a dollar.
Likewise, if you started dividing down to 1/1000 of a dollar it wouldn't be inflation. Each 1/1000 of a dollar would still be worth 1/1000 of a dollar.
Edit: and if you suddenly replaced every dollar with 1000 newdollars, those newdollars are also worth 1/1000 of what they were before.