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A single bitcoin can be split infinitely -- it's just a matter of adjusting the number of decimal points. Currently, a satoshi amounts to a millionth of a Bitco
by danielmo 10y ago
A single bitcoin can be split infinitely -- it's just a matter of adjusting the number of decimal points. Currently, a satoshi amounts to a millionth of a Bitcoin. If a Satoshi becomes more valuable, there may be more decimal points added.
- overcast 10y agoIs this statement correct? What's the point of a limited number of coins, if they can be split infinitely? That's no different than the government printing money.
- azeirah 10y agoIs that so? It sound more analogous to adding a 1/2th penny
- ISL 10y agoBy a similar argument, the world's supply of gold is almost infinitely subdivideable, but still finite.
- x1798DE 10y agoI don't think it's currently correct (there's a base unit, but I don't know if it's that's hard limit or if it can be changed in future versions), but the difference is that when the government prints money, they get the money. The government printing money would be like someone issuing more bitcoins that don't already belong to anyone. Splitting up bitcoins doesn't change the fraction of all bitcoins that each person owns. Plus, they're already "split up" as it were, it's just they're not valuable enough that people are using nanobitcoins or anything like that. It's only when the value of the currency goes up that people will do transactions in smaller fractions of a bitcoin.
- Natanael_L 10y agoYou don't get more pizza when you slice it in smaller pieces.
- Evolved 10y agoObligatory: https://www.youtube.com/watch?v=EtQa13u6mYM https://www.youtube.com/watch?v=EtQa13u6mYM
- nadaviv 10y ago> satoshi amounts to a millionth of a Bitcoin One satoshi is one hundred-millionth of a bitcoin, not a millionth of a bitcoin.