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> Limited divisibility of coins. Bitcoin has a limit of 21 million bitcoins, but more importantly, it has a limit of about 2^52 satoshis as the atomic unit. If
by loxs 6y ago
> Limited divisibility of coins. Bitcoin has a limit of 21 million bitcoins, but more importantly, it has a limit of about 2^52 satoshis as the atomic unit. If Bitcoin were to really become Earth’s only payment system, this would provide fewer than a million units per human being. This isn’t nearly enough to capture both day-to-day transactions (even rounded to the equivalent of tenths of a dollar) and also large holdings. It would have been quite cheap to expand this with a few dozen extra bits such that divisibility would never be an issue.
This, and also to me the decimal point is clearly in the wrong place. I Have thought about this and I fail to see what was Satoshi thinking.