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This brings up a little facet of bitcoin that I'm /really/ not crazy about: The smallest possible unit is 0.00000001 BTC. With a fixed cap of 21M BTC, requiring
by burke 16y ago
This brings up a little facet of bitcoin that I'm /really/ not crazy about: The smallest possible unit is 0.00000001 BTC. With a fixed cap of 21M BTC, requiring that each transaction be for at least 4.8*10^-16 of the total possible amount in circulation seems like a questionable choice at best.
- jakehow 16y agoIf it becomes a runaway train towards this endpoint, this would give bitcoin >10x current M1, while retaining the ability to pay in $.01 increments. This should be sufficient for the near term ;)