All posts made by fgkrew in Bitcointalk.org's Wall Observer thread



1. Post 3765962 (copy this link) (by fgkrew) (scraped on 2020-04-04_Sat_11.30h):

Quote from: gandhibt on November 29, 2013, 12:11:40 PM
One thing that didn't come across/wasn't discussed is that you can divide Bitcoins into smaller parts.

I think we need to move to mBTC before folk begin to understand this.

A guy at my work didn't understand this either and he's a programmer like me. He assumed that they could only be moved in whole units and didn't understand how that would work if its a currency. When I explained it can be divided to 8dp, and that could be changed in the future he was like "ahhhhhhh that makes a lot more sense"

When you have studied bitcoin a long time yourself it might come as a shock how little common folk know about this.

I can also confirm this. A friend came to my house yesterday while i was looking at some charts.
He was surprised that it was around 1000usd. He asked who was going to buy it so high? i said that you could divide it and buy a small part of btc. It made more sense to him since he did not know that.