unit bias

Let's get straight to it. You've probably heard the siren song: "This altcoin is only a few cents! Imagine the upside!" It's tempting, isn't it? Like having ownership of thousands, even millions, of X thing just sounds better than a fraction of a Bitcoin. That feeling? That’s the unit bias...

Samson Mow, a prominent member of the Bitcoin community, has brought attention to Bitcoin’s growing unit problem by proposing a new subunit for bitcoin called the ‘Finney’. This proposal addresses a pervasive psychological bias known as “unit bias.” This bias can have a significant effect on how the public perceives...