4 ms·
Actually, it is only 8 decimals: http://www.bitcoin.org/de/node/1#How_divisible_are_Bitcoins http://www.bitcoin.org/de/node/1#How_divisible_are_Bitcoins "Techn
by beza1e1 15y ago
Actually, it is only 8 decimals: http://www.bitcoin.org/de/node/1#How_divisible_are_Bitcoins http://www.bitcoin.org/de/node/1#How_divisible_are_Bitcoins
"Technically, a Bitcoin can be divided down to 8 decimals, so 0.00000001 BTC is the smallest possible amount."
So instead of talking about "0.001 BTC", we could say "1 mBTC" or "1000 μBTC". The smallest amount is then 0.01 μBTC. The total amount is 21 trillion μBTC. For a comparison: As of december 2007, there were 829 billion US dollars in circulation.
- cheez 15y agoAh, you are correct. But I think that limit was said to be arbitrary and I think it is only set currently due to FP limitations. I am probably wrong though. In any case, I think the terminology will evolve as you have suggested. In your example of money in circulation, you have to include the debt money as well though because that is traded as if it exists.