Just a stupid question about the price of ETN


#1

I’ve been thinking about some price predicitions and I could be wrong but what if ETN exceeds 1$ at some point how would it possible to pay for 0.01$ in the future since ETN only has 2 decimals.

Could really be a stupid question… I don’t know :wink:


#2

I agree with u its really stupid question.
May i know what can u buy for 0.01 ?

Fees would be more .l


#3

what if ETN is 10$. 0.01ETN would be 10 cents…


#4

I have wondered if the two decimals could hinder us in anyway, for example this is purely as an example if one coin was worth $100 and someone wanted to pay $0.70 for something the smallest amount they would be able to send would be 0.1 which would be $1. Not sure if this has ever been talked about before or addressed but I also had a similar though to what you are saying.


#5

we will cross the bridge when we get there… but when that time comes they just need to fork and add decimals… that would be possible


#6

The 2 decimal places works very well when we have a price of $1 or less, if and when we hit a price over $1 they can easily change the decimal place to .001, or .0001, or .00001. That way the smallest unit would fall into that 1 penny range to make sure you are not over or underpaying for items when you spend your ETN. It is a simple fix than can be done and it not necessary until we hit well over $1 per ETN.