Anything smaller than a satoshi in BTC?

DannyHamilton

legendary

Activity: 3472

Merit: 4801

Quote from: AvY Enterprises on October 23, 2016, 05:52:44 PM

- snip -
I remember one of Bitcoin's selling points in the early days was that the decimal point could be moved and/or decimal places added to accommodate massive adoption,
- snip -

Quote from: DannyHamilton on October 13, 2016, 12:21:05 PM

that would require a change to the bitcoin protocol and software.

I'm not certain, but I think that the new Side Chain concept that SegWit is supposed to make possible might allow for amounts smaller than a satoshi?

AvY Enterprises

newbie

Activity: 9

Merit: 0

Quote from: DannyHamilton on October 13, 2016, 12:21:05 PM

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

In off-chain systems, you can split the satoshi into as many pieces as you like.

This. Although you're either on the chain or your'e off of it
http://www.goodreads.com/quotes/490538-you-re-either-on-the-bus-or-off-the-bus

I remember one of Bitcoin's selling points in the early days was that the decimal point could be moved and/or decimal places added to accommodate massive adoption, although this could have just been the developer's subconscious saying "MOON!"

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: Naficopa on October 21, 2016, 10:31:43 AM

Quote from: ?? on ??

I don't believe it's possible, not sure if they can alter it in the future?

Of course it is imposible! Can you imagine breaking 1 cent? Of course in theory it is posiible, but in practice it will never happen.

If its already considered as the smallest value of bitcoin then it wouldnt be changed at all hence people already aware on that satoshi is the smallest value of a bitcoin and devs or even the creator would not mind to change it at all.

European Central Bank

legendary

Activity: 1288

Merit: 1087

There's talk of milisats with the lightning network if and when it starts.

i ain't got a clue why anyone wants to deal with less than a satoshi but maybe the op is a time traveler with his life savings burning a hole in his pocket.

Naficopa

hero member

Activity: 2002

Merit: 516

Quote from: ?? on ??

I don't believe it's possible, not sure if they can alter it in the future?

Of course it is imposible! Can you imagine breaking 1 cent? Of course in theory it is posiible, but in practice it will never happen.

legendbtc

hero member

Activity: 1302

Merit: 508

Leading Crypto Sports Betting & Casino Platform

Quote from: rickadone on October 20, 2016, 08:55:59 AM

Quote from: JITENDERPAR3 on October 18, 2016, 12:21:12 AM

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

i think therr can be no coin or altcoin which is small than 1 satoshi .
overall to send and receive 1 satoshi is full of loss . no profit . even transaction charge will be more times about lakh time of satoshi .
it means to send and receive 1satoshi will result in the loss of 1 lakh satoshi (in zebpay transaction)

That's right,satoshi is the smallest bitcoin/cryptocurrency denomination so far. Its value is 1/100000000 just like a cent is the smallest divisible unit when we talk of US Dollar. I do not think there is any likelihood of getting a smaller because even that one of satoshi is still extremely far behind the decimal.

I don't think it is not possible, satoshi is the smallest bitcoins.

rickadone

legendary

Activity: 1176

Merit: 1024

Quote from: JITENDERPAR3 on October 18, 2016, 12:21:12 AM

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

i think therr can be no coin or altcoin which is small than 1 satoshi .
overall to send and receive 1 satoshi is full of loss . no profit . even transaction charge will be more times about lakh time of satoshi .
it means to send and receive 1satoshi will result in the loss of 1 lakh satoshi (in zebpay transaction)

That's right,satoshi is the smallest bitcoin/cryptocurrency denomination so far. Its value is 1/100000000 just like a cent is the smallest divisible unit when we talk of US Dollar. I do not think there is any likelihood of getting a smaller because even that one of satoshi is still extremely far behind the decimal.

lucki777

member

Activity: 79

Merit: 10

to me satoshi is the smallest unit of bitcoin and there nothing smaller than satoshi.

Naficopa

hero member

Activity: 2002

Merit: 516

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

No there is no option to pay or receive less than 1 satoshi, but let see what gonna happen in couple of years.. Wink

If price of Bitcoin will skyrocket, maybe someone will try to divide satoshi Wink

- Joking of course! there is no option to bust 1 satoshi.

JITENDERPAR3

full member

Activity: 336

Merit: 100

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

i think therr can be no coin or altcoin which is small than 1 satoshi .
overall to send and receive 1 satoshi is full of loss . no profit . even transaction charge will be more times about lakh time of satoshi .
it means to send and receive 1satoshi will result in the loss of 1 lakh satoshi (in zebpay transaction)

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: outatime1 on October 17, 2016, 07:03:10 PM

Right now a satoshi is the smallest denomination. I don't see this as a problem right now because a satoshi is almost worthless. However in the future that could change if bitcoin becomes very valuable.

You cant really say that satoshi is almost worthless because a whole bitcoin is consist of satoshis and you wont make a whole bitcoin if satoshi is almost worthless well but if you are refering to value then yes small satoshis are somehow worthless but you cant form huge amounts if you dont pass on small amounts. IMO

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

Right now a satoshi is the smallest denomination. I don't see this as a problem right now because a satoshi is almost worthless. However in the future that could change if bitcoin becomes very valuable.

veleten

legendary

Activity: 2016

Merit: 1107

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

why would you want to pay/recieve a fraction of a satoshi o_0
under current blockchain protocol it is impossible to send or recieve fractions of satoshi,but you can,theoretically ,do it off-chain
have never heard of any system that would do that,even if (when?) bitcoin costs 100.000$ ,1 satoshi would equal 0.001 $ or 1/10 of a cent

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Quote from: CryptoGore on October 16, 2016, 03:25:16 PM

Not actually, until any update in this way will come out from core developers the satoshi unit is the smallest fraction ever possible in Bitcoins

There would be no update hence satoshi is the smallest possible fraction of a bitcoin theres nothing more even smaller on that. Regarding on transaction there wallets which do have minimum of 20k sats per transfer so you would really need to pass much more amount on that,

CryptoGore

full member

Activity: 181

Merit: 100

Bitflipy.com - $$_Flip your lucky coin_$$

Not actually, until any update in this way will come out from core developers the satoshi unit is the smallest fraction ever possible in Bitcoins

PizzaBTC

sr. member

Activity: 555

Merit: 252

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

LOL, its already obvious that you do not know much about bitcoin,even your moniker says it. But to answer your question, I will say Satoshi is the smallest fraction of bitcoin valued at 1/100,000 Bitcoin.

surosopaceglug

newbie

Activity: 51

Merit: 0

Quote from: mrcash02 on October 15, 2016, 11:37:09 PM

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

Yes, some junk faucets are paying 1 satoshi per claim/captcha solved Grin

But for a transaction via your wallet you can't send very few satoshis, I saw here that you need to send at least 546 satoshis (correct me if I'm wrong) to prevent dust transactions. It's a low amount anyway and doesn't worth. I don't like to make those low transactions, you pay many fees for many small amounts of satoshis.

1 sat per claim Grin

it will hurt my hand to do that

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

Yes, some junk faucets are paying 1 satoshi per claim/captcha solved Grin

But for a transaction via your wallet you can't send very few satoshis, I saw here that you need to send at least 546 satoshis (correct me if I'm wrong) to prevent dust transactions. It's a low amount anyway and doesn't worth. I don't like to make those low transactions, you pay many fees for many small amounts of satoshis.

BitcoinExpart

sr. member

Activity: 476

Merit: 250

Quote from: chubogo on October 12, 2016, 08:50:39 PM

Question is really can you pay or receive a fraction of a satoshi?

Not possible.Here Satoshi is the smallest unit of Bitcoin.So we easily said that It's impossible to able send the least of satoshi value to anyone.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: virusasog on October 15, 2016, 01:34:09 PM

Quote from: Carlsen on October 15, 2016, 01:16:47 PM

In bitcoin there is nothing smaller than one satoshi.
Maybe an altcoin can be devided up into smaller fractions worth less than one stoshi, but I do not know that.
In general I see no point in transactions which are so low.

Satoshi is the least value to in bitcoin tree value. However we cannot able send the satoshi value to anyone. If you want to earn satoshi, that you can earn from the any faucet site itself. Try on it.

Yeah you can not send it thats why faucet box is your wallet if you are collecting faucet rewards.. and you can withdraw after you reach the threashold..
Satoshi is the name of who made bitcoin and they are use it as a smallest term for bitcoin..

Topic: Anything smaller than a satoshi in BTC? (Read 2767 times)