For a long time stock splits have happened in the stock market. There were arguments that splitting a $100 stock with a 2:1 split would result in two shares worth $51. The reasoning with stock market stock splits was to keep stocks "available" to mom and pop investors. The current situation is interesting, and to a large extent is I think is the result of a lack of liquidity. To the extent it may help crypto currencies catch on it could be good. In my opinion, I think the lack of liquidity and stability, is a problem for widespread adaptation; however, it is noted that the other more centralized currencies that may have been structured as such have failed due to government regulations. With significant Wall Street Money now interested; it will be interesting to see what is happening. This could well be the Tulip Mania of today.