ElectricMucus
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August 16, 2013, 04:06:50 PM

simple question for you guys

I know you're all hoping for the bitcoin value to rise, but why would it go up since it's divisible up to 8 decimals (and way more apparently?)

Because there is only a limited  amount of them? Gold is quite divisible as well (theoretically to the AU atoms) but that hasn't stopped it in rising tremendously in the beginning. For the last 100-150 years or so the price is flat (inflation corrected of course) but Bitcoin isn't at that adoption level yet.

Gold does have a divisible limit, Bitcoin does not. You can theoretical have a google (100 zeros) or more behind decimal mark.
The bitcoin price can be anything as long as the majority agrees that it is the right price. If they not agree the market moves accordingly. The concept works perfectly well if it its 1000 or .0001 does not matter.
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What you saying is completely true. I still answered the original question sufficiently and my example is accurate enough since the theoretical divisibility of gold makes it sufficient for this never to have been an issue (the value of AU smaller than a single atom is far too small).

Not without a major hard-fork, which would also require conversion of the prior blockchain or some fancy hacks. It's about as difficult as changing the total number of Bitcoins or any other fundamental operational variable. Doable but not quite as convenient as you think it is.