A gram of gold is 0.035274 oz. The minimum bitcoin transaction is 0.0000543 BTC - page 2.

Realpra

hero member

Activity: 815

Merit: 1000

Quote from: cbeast on October 03, 2015, 03:13:08 AM

A gram of gold is 0.035274 oz. A gram is the minimum unit commonly traded. The minimum bitcoin transaction is 0.0000543 BTC and should have a name as well. This minimum unit is most commonly used for creating contracts.

5460 Satoshis in fact, not 5430.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: shorena on October 03, 2015, 03:16:10 AM

Quote from: cbeast on October 03, 2015, 03:13:08 AM

A gram of gold is 0.035274 oz. A gram is the minimum unit commonly traded. The minimum bitcoin transaction is 0.0000543 BTC and should have a name as well. This minimum unit is most commonly used for creating contracts.

AFAIK its called Dust Tongue

The problem with naming it though is that what is considered Dust can (and has in the past) change.

I would call it something sexy, like "rocks". When you buy stock in a company and the company doubles its valuation, often they will split your stock to reflect that. If the satoshi minimum requirement is halved due to Bitcoin valuation, then you break the "rock" in half and now have two "rocks" with the same purchasing power.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: cbeast on October 03, 2015, 03:13:08 AM

A gram of gold is 0.035274 oz. A gram is the minimum unit commonly traded. The minimum bitcoin transaction is 0.0000543 BTC and should have a name as well. This minimum unit is most commonly used for creating contracts.

AFAIK its called Dust Tongue

The problem with naming it though is that what is considered Dust can (and has in the past) change.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

A gram of gold is 0.035274 oz. A gram is the minimum unit commonly traded. The minimum bitcoin transaction is 0.0000543 BTC and should have a name as well. This minimum unit is most commonly used for creating contracts.

Topic: A gram of gold is 0.035274 oz. The minimum bitcoin transaction is 0.0000543 BTC - page 2. (Read 1484 times)