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Bitcoins can be split down to 8 decimal places. Given the current loss/mining rate its totally possible for BTC to become difficult to operate, but its also po
by meowkit 5y ago
Bitcoins can be split down to 8 decimal places.
Given the current loss/mining rate its totally possible for BTC to become difficult to operate, but its also possible for the mining cap to be removed or for coins to be split further.
- lostmsu 5y ago8 decimal places are already bordering insufficient: there are real world currencies whose unit costs less than 1 satoshi. See https://www.fiatmarketcap.com/ https://www.fiatmarketcap.com/
- anonporridge 5y agoYeah, but in how many of those currencies are people actually using base units for transactions? I'd wager they're all trading notes denominated with thousands or millions of units for a loaf of bread, like the Zimbabwe trillion dollar note, http://news.bbc.co.uk/2/hi/africa/7832601.stm http://news.bbc.co.uk/2/hi/africa/7832601.stm Also, there is already a trick on the lightning network to trade sub satoshis without requiring a hardfork, probabilistic payments, https://courses.csail.mit.edu/6.857/2017/project/7.pdf https://courses.csail.mit.edu/6.857/2017/project/7.pdf