Author

Topic: 8 or 10 decimal places?? (Read 666 times)

hero member
Activity: 882
Merit: 1000
Exhausted
March 02, 2014, 08:44:47 PM
#3
Why do some places show 8 decimal places for bitcoin and some show 10? I thought 8 was the max it was going to at the present time?

Noob question i know, sorry!

Consider the following: you can set a USD price like "9.99 cent a minute" for some service, but it doesn't mean that you can actually pay that amount of 0.0999 USD without first rounding it to 0.1 or something.

It will only make sense if you use the service for, say, 1000 hours, so 1000*0.0999 = 99.9 USD

Just my 1.99 cent Wink

Well said.
legendary
Activity: 1946
Merit: 1035
March 02, 2014, 05:42:24 PM
#2
Why do some places show 8 decimal places for bitcoin and some show 10? I thought 8 was the max it was going to at the present time?

Noob question i know, sorry!

Consider the following: you can set a USD price like "9.99 cent a minute" for some service, but it doesn't mean that you can actually pay that amount of 0.0999 USD without first rounding it to 0.1 or something.

It will only make sense if you use the service for, say, 1000 hours, so 1000*0.0999 = 99.9 USD

Just my 1.99 cent Wink
newbie
Activity: 42
Merit: 0
March 02, 2014, 05:37:15 PM
#1
Why do some places show 8 decimal places for bitcoin and some show 10? I thought 8 was the max it was going to at the present time?

Noob question i know, sorry!
Jump to: