[nly]

Peoples perceptions of number sizes don't change quickly. 1 million will still seem like a big number. It's likely at some point we'll have to re-denominate. There will be a 'new Pound' or something that is worth 100 'old Pounds'.

You can see the number phenomenon today. People still talk about "winning £1M on the Lottery" like it'd set them up for a life of luxury. To reasonably replace even a median UK full-time salary for life you're going to need around ~£700K in assets. That leaves £300K for a modest home somewhere outside of London and the South East. One false move with your £1M winnings and you'll end up back in the office. The £ is worth half of what it was in 1994 when the Lottery started.

[duderific]

Or we can make 100 trillion pound notes like in Zimbabwe https://www.cnn.com/2016/05/06/africa/zimbabwe-trillion-doll...

[bennyelv]

It was ZWB (Zimbabwe dollars), but I can see why you would assume "pound" given the country's history. Source: I have one of these notes on my coffee table :) It lives with a $1 bill that was printed only a couple of years before it.

Bad stuff happens when a government gets these things wrong!

[baby]

Or japan. In romania people still say “one million” instead of “one hundred”

[baby]

Interesting. I remember that some Bitcoin people were trying to do the reverse when the price was 1000+ by talking about mBTC instead of BTC. I guess http://bitcoinity.org/markets still does it.