Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ...
by sixdimensional on Thursday December 21, 2017 @12:39PM
(#15980881)
I also have been a bit confused by the usability of BTC for ordinary people, due to the units of measurement. The fractional nature of BTC and cryptocurrency seems like it would not fit the necessary ease of use for most non-digital, day-to-day transactions. I think ordinary people would find it hard to buy bread if it cost 0.000127 BTC ($1.99 USD), for example.
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Re:Tax-Free Bitcoin-To-Ether Trading in US to End Under GOP ...
by pgm8705 on Thursday December 21, 2017 @02:59PM
(#15982282)
I think things would start being priced using different units. With your example of bread costing 0.000127 BTC, that could also be written as 127 "bits" or μBTC. It would take a lot of getting used to, but it really isn't any more complicated than $1.99.