The 1:1000 redenomination: Engineering for machine economies
The redenomination confused a lot of people because they viewed it through a trader’s lens.
But BitTorrent isn’t optimizing for traders. It’s optimizing for transactions between machines — paying for bandwidth, storage, retrieval in tiny increments.
Why it matters:
If your unit of value is too large, you can’t price micro-resources efficiently. This move enabled a true micropayment economy — critical for scaling real usage, not speculation.