Bitcoin suffers from Unit Bias
because bitcoin has a limit of 21 million coins it suffers from what is called Unit Bias. at $65,000 a coin in order to make purchase you have to use weird numbers that are not easily communicated. typically we use $100, $50, $20, $10, $5, & $1 denominations when transacting value. if yo wanted to buy a $5 cup of coffee would need to send 0.00010 BTC. this could easily be solved if there was a larger amount of coins in existence. There could be 100x more coins, the price would be 100x less and everyone would have the same amount of money that they do now. this would fix the Unit Bias bitcoin Suffers from.
because bitcoin has a limit of 21 million coins it suffers from what is called Unit Bias. at $65,000 a coin in order to make purchase you have to use weird numbers that are not easily communicated. typically we use $100, $50, $20, $10, $5, & $1 denominations when transacting value. if yo wanted to buy a $5 cup of coffee would need to send 0.00010 BTC. this could easily be solved if there was a larger amount of coins in existence. There could be 100x more coins, the price would be 100x less and everyone would have the same amount of money that they do now. this would fix the Unit Bias bitcoin Suffers from.