Unanswerable question?

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If it's 7-digit accuracy, wouldn't that be more like 100000.1->9, 10000.01->9 etc?

This seems to make sense to me. The closer you place an object to global coords (0,0,0), the more digits of accuracy you have at your disposal.

An object at (10,0,0) has 5 digits (after the decimal point) accuracy available when placing/moving it on the X axis, whereas an object at (10000,0,0) only has 2 digits. Therefore, the smallest amount the object at (10000,0,0) can be moved on the X axis is .01 - a not insignificant amount when placing/moving objects.

I'm not stating this as fact - just thinking out loud. :) Does this sound about right to everyone else, though?