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Move Decimal Point on XCP (?) #2297

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adamkrellenstein opened this issue Oct 3, 2024 · 0 comments
Open

Move Decimal Point on XCP (?) #2297

adamkrellenstein opened this issue Oct 3, 2024 · 0 comments

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@adamkrellenstein
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adamkrellenstein commented Oct 3, 2024

XCP is divisible to eight decimal places, but there are only ~2.6m in the primary unit—far less than any other coin than I know of. Most coins have total supplies on the order of 100x or 1000x greater. This causes confusion, who expect the market cap of XCP to be much larger than it is, based on the unit price. This proposal is to multiply all XCP balances by a factor of 100 or 1000 to bring the quantity of extant XCP more in line with expectations. We'd keep eight decimal places of divisibility, just for backwards compatibility.

fwiw I realized that I had set the supply even during the burn period in 2014

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