Dash, digital cash, so easy to use even grandma can use it!
This post addresses once more the difficulties of dealing with fractions of a Dash.
Grandma wants to buy a $3 coffee, it currently costs 0.01 Dash. When Dash is 10,000 it will cost 0.0003 Dash. It is easier for grandma to pay 1 or 2 Dash for something than 0.000236 Dash, etc
How to solve the problem:
1. Don't solve it, its a learning curve and grandma will eventually get it
2. Wallets could be programed to show the fiat equivalent next to the Dash
Coffee 0.00236 Dash (3.5 US Dollars)
3. Use micro Dash, mili Dash, duffs, dashotis, etc. Problem is: a. I don't see this as a solution for grandma, b. it could led to confusion: I am expecting a mili and get a micro, c. we waste resources from the Dash brand, to start branding duffs or something else, and with the rise in the price of Dash we are back where we started (using 0.02 milis)
4. Move the dot some digits to the right: 1 Dash "becomes" 10 Dash, or 100 Dash, etc.
My preferred solution is the last one, moving the dot, but how to do it?
We already have:
The Halvening (BTC reward going down by half)
The Flippening (ETH market cap surpassing Bitcoin)
The Hashening (BCH Hash rate surpassing BTC's)
So I Propose The Splittening!
On January 1st 2019, Every Dash becomes 1000 Dash. This will be the first Splittening.
The maximum number of Dash would go from Aprox 18 million to Aprox 18 billion
If a reward for a block is 3.6 Dash, it would go to 3,600 Dash
The balance in a wallet that had 1.2345 Dash would become 1,234.5 Dash
The price of Dash would go from $3,200 on December 31 to $4.9 on January 1st (JK 3.2)
A masternode would need 1 million Dash
Grandma could pay for her coffee with just 1 Dash
We go from having 8 decimal points to just 5
Wallets on January 1st announce to user: congratulations you now have 1,345,300 Dash!
Old wallets would be prevented from sending Dash in order for users to upgrade and not lose funds.
We advertise The Splittening and hold parties.
We use it to our advantage, to increase adoption.
Some people will want to buy Dash before The Splittening to get more coins.
I already bought mine!
This post addresses once more the difficulties of dealing with fractions of a Dash.
Grandma wants to buy a $3 coffee, it currently costs 0.01 Dash. When Dash is 10,000 it will cost 0.0003 Dash. It is easier for grandma to pay 1 or 2 Dash for something than 0.000236 Dash, etc
How to solve the problem:
1. Don't solve it, its a learning curve and grandma will eventually get it
2. Wallets could be programed to show the fiat equivalent next to the Dash
Coffee 0.00236 Dash (3.5 US Dollars)
3. Use micro Dash, mili Dash, duffs, dashotis, etc. Problem is: a. I don't see this as a solution for grandma, b. it could led to confusion: I am expecting a mili and get a micro, c. we waste resources from the Dash brand, to start branding duffs or something else, and with the rise in the price of Dash we are back where we started (using 0.02 milis)
4. Move the dot some digits to the right: 1 Dash "becomes" 10 Dash, or 100 Dash, etc.
My preferred solution is the last one, moving the dot, but how to do it?
We already have:
The Halvening (BTC reward going down by half)
The Flippening (ETH market cap surpassing Bitcoin)
The Hashening (BCH Hash rate surpassing BTC's)
So I Propose The Splittening!
On January 1st 2019, Every Dash becomes 1000 Dash. This will be the first Splittening.
The maximum number of Dash would go from Aprox 18 million to Aprox 18 billion
If a reward for a block is 3.6 Dash, it would go to 3,600 Dash
The balance in a wallet that had 1.2345 Dash would become 1,234.5 Dash
The price of Dash would go from $3,200 on December 31 to $4.9 on January 1st (JK 3.2)
A masternode would need 1 million Dash
Grandma could pay for her coffee with just 1 Dash
We go from having 8 decimal points to just 5
Wallets on January 1st announce to user: congratulations you now have 1,345,300 Dash!
Old wallets would be prevented from sending Dash in order for users to upgrade and not lose funds.
We advertise The Splittening and hold parties.
We use it to our advantage, to increase adoption.
Some people will want to buy Dash before The Splittening to get more coins.
I already bought mine!