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I don't know about that, but it's not infinitely divisible. The smallest unit is 1 satoshi
by tazard 9y ago
I don't know about that, but it's not infinitely divisible. The smallest unit is 1 satoshi
- Mtinie 9y agoToday that is true. Keep in mind though, there are already factions within the Bitcoin community already discussing how to seek consensus and affect a protocol change once the value of a single satoshi “grows large enough.” Only time will tell if the proponents of such action are forward-thinking or delusional.
- antonvs 9y agoThe idea that they might be delusional is misguided. It's simply a fact that if Bitcoin achieves much wider adoption, the value of a satoshi will necessarily become "large enough." The current exchange rate is already about 66 satoshi to a US cent, and mass-market adoption is currently, to a first approximation, nonexistent. You don't have to be certain that Bitcoin will achieve the necessary adoption in order to plan for the eventuality. As such, "forward-thinking" is the correct characterization.