During the interview between Crypto Rich and Richard Ella, there was a brief moment where Ells does touch on what would happen if the ETN price were to raise too far, to the point where the two-decimal-place system would no longer function properly.
I understand that 1, Ells response was spur of the moment, and 2, even if there is a chance of this problem it is a long way off…
However what he did respond with brought me some concern.
I’ve been under the impression that the easiest fix for for an overpriced ETN would be to have a hard fork and increase the decimal places.
The response from Ells was more along the lines of “if the market went crazy enough to have an overpriced coin, we would have to inflate ETN.”
Higher maximum number? Eek.
Any thoughts? Thanks.