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Excuse my lack of knowledge, but seeing as how one BTC is now worth $100. Is it possible to send someone half a bitcoin or 1/10th? Or is it a single unit or no
by dubcanada 14y ago
Excuse my lack of knowledge, but seeing as how one BTC is now worth $100. Is it possible to send someone half a bitcoin or 1/10th?
Or is it a single unit or nothing?
- fsckin 14y agohttps://en.bitcoin.it/wiki/Units https://en.bitcoin.it/wiki/Units BTC can be sent in any amount, all the way down to Satoshis at 0.00000001 BTC.
- Devilboy 14y agoCurrently bitcoin can be divided down to eight decimal places.
- josephagoss 14y agoEach Bitcoin can be split into 100 million parts, in addition there is a possibility of the division being pushed further if ever needed (the smallest unit could be split down more if the people accepted this change) Also there is talk of making the default traded unit a mBTC, (I think) Its a unit that represents a thousandth of a unit. once this becomes the standard unit the psychology is there to allow BTC to rise even further.