Anything smaller than a satoshi in BTC?

DannyHamilton

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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

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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!"

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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

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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

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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.

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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

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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

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

Naficopa

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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

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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

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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

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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

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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

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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,

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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

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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

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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

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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

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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

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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..

virusasog

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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.

Bitcoinsummoner

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Quote from: Aamir1 on October 15, 2016, 12:26:21 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?

Not at all, satoshi is the smallest unit of a bitcoin which cannot be further divided into other units and someone can only receive 1 satoshi minimum as a payout from a faucet or something.

Yeah i never heard any name below satoshi and this is i think the smallest the second is ubtc 3rd mbtc. until 1 btc.. but there is other terms for those name .If you want to know more about better to check this wiki for more info about bitcoin or satoshi here https://en.bitcoin.it/wiki/Units

Carlsen

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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.

Aamir1

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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 at all, satoshi is the smallest unit of a bitcoin which cannot be further divided into other units and someone can only receive 1 satoshi minimum as a payout from a faucet or something.

sabbirshm

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No, in my knowledge I don't know anything smaller than satoshi.Its the smallest in BTC.and in my wallet I can send minimum 1000satoshi.So, it's quite clear that nothing is less than satoshi. I think you got your answer properly.

Chin Cheng

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Quote from: Kevin77 on October 12, 2016, 11:45:50 PM

Currently there is no provision in any wallet to split one satoshi, so we will not be able to transact less than a satoshi.

Interestingly, you will be able to transact 1 satoshi by paying minimal optimum network fees ( currently ~35000 satoshi). It means you need to spend 35001 satoshi and your payee will receive 1 satoshi. Tongue

Any transaction value below tx fees are termed 'dust transactions' which are not recommended to trade.

the transaction fees of 35000 satoshi is too much,i thought the transaction fees are nominal and i remember i used to transfer funds with fees of 5000 satoshi,i never knew about this big change in the bitcoin world since i was away for some time,if transaction keeps increasing it would be hard for anyone new to bitcoin to fully enjoy the tech behind it as they seem to find it expensive if they are moving some funds

Rostadom

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I don't think so. In the Bitcoin wallet that I am using, the minimum amount that you can send is around 7000 satoshi. I am not sure why would you be sending this little amount of BTC knowing the fact that only 1 dollar is thousands of satoshis already. I think people don't care about any amount of BTC that is near 5000 satoshi, let alone an amount less than a satoshi.

dunfida

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Quote from: Visin on October 14, 2016, 05:48:23 AM

No, there isn't anything smaller than 1 Satoshi in BTC.

If you use a Alt-coin like Litecoin then you could have fractions of Bitcoin smaller than 1 Satoshi in BTC. They are called Litoshi.

Agree with you but we are talking here in bitcoin since OP mentioned bitcoin but still a good example though it really depends on a cryptocurrency on which have these kind of terms on their smallest fraction. Satoshi is the smallest fraction on bitcoin and theres no other than that.

Visin

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No, there isn't anything smaller than 1 Satoshi in BTC.

If you use a Alt-coin like Litecoin then you could have fractions of Bitcoin smaller than 1 Satoshi in BTC. They are called Litoshi.

Zadicar

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All of members here are saying the same thing which is true, satoshi is the smallest fraction of bitcoin and theres no other smaller from that. Why you ask this question though? Try to use google sometimes because its not necessary to ask which you could really search it with ease. No offense to OP.

rik3

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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 Bro Nothing Is Smaller than the Smallest Unit Of Fraction Of Bitcoin and We Cant Send A Fraction Of Bitcoin to Somebody Else....
And the Minimum Amount To Transfer is 0.0001 Btc ......

mindrust

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I don't know why would someone need such thing but If you want to send/receive less than a satoshi, use altcoins instead. There are plenty of shit coins out there which worth less than a satoshi.

hakanbalta577

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Its not possible to send a fraction of satoshi,its not even possible to send one whole satoshi in a transaction so a fraction of satoshi is far away from that and there is no need for that because 1 satoshi itself a very very small value when calculated in USD so having fraction of it does not make any sense.

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

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

satoshi is the smallest fragments in bitcoin and for now the smallest nominal you may receive or pay with bitcoin is 20k satoshi if you do not want to lost by the transaction fee.

DannyHamilton

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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.

For instance, if Coinbase wanted to, they could implement a system that would allow Coinbase users to pay other Coinbase users smaller increments than a Satoshi and it wouldn't require any changes to the current Bitcoin system at all.

Additionally, multiple off-chain systems could cooperate if they want to.

For instance, Coinbase and BitPay could have an agreement between them that they would allow their users to make payments using smaller increments than a Satoshi between the two systems. Coinbase and BitPay could then just add up all the small increments from all the users and use the Bitcoin blockchain to settle up the transfers when the sum of the amounts are greater than a Satoshi.

However, it is currently impossible to send amounts less than a satoshi on the bitcoin blockchain. Allowing 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?

ObscureBean

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Quote from: gamerfan on October 13, 2016, 02:10:55 AM

I think when Bitcoin will reach a value of, just saying, above 500k $, it will be necessary to implement another basic unit to pay for cheap items Wink

What do you think about it?

Of course, if the price reaches a point where 1 satoshi is equivalent to $150 or even $10, the current system will need to be updated but that's unlikely to happen in the foreseeable future. But I'm pretty sure they've already thought of a way to circumvent this limitation, just in case. Can you imagine though, if 1 satoshi is worth just $1, 1 whole Bitcoin is $100,000,000. And I would be a multi-millionaire (close to being a billionaire) Shocked

Fingers crossed Roll Eyes

xIIImaL

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

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

Nope satoshi is the smallest unit in bitcoin value hierarchy. Satoshi is least unit n bitcoin so try to earn btc as priority then you can go with mbtc or satoshis.

gamerfan

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I think when Bitcoin will reach a value of, just saying, above 500k $, it will be necessary to implement another basic unit to pay for cheap items Wink

What do you think about it?

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Satoshi is the basic unit of Bitcoin. Basic Unit of measurement can be defined as something which can not be split further.

stiffbud

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additionaly you can't send even a satoshi because you will have to send it with a fee which is 5000 satoshi already.

Kevin77

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Currently there is no provision in any wallet to split one satoshi, so we will not be able to transact less than a satoshi.

Interestingly, you will be able to transact 1 satoshi by paying minimal optimum network fees ( currently ~35000 satoshi). It means you need to spend 35001 satoshi and your payee will receive 1 satoshi. Tongue

Any transaction value below tx fees are termed 'dust transactions' which are not recommended to trade.

machinek20

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satoshi is the smallest unit in bitcoin, 1 satoshi is a really really small fraction unit, and it is impossible to send 1 satoshi, there is minimum limit to send a transaction, they set the limit to fight off spam transaction

greBit

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I don't think there is anything smaller then santoshi, if you want to receive or send then you need to meet that minimum criteria and anything lower then that is impossible.

wintermeasures

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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 Bro Its Not Possible to Receive Or Send A Fraction Of Satoshi......
The Minimum Amount to Send Or Receive In Btc Is 0.000055 Btc.....

jaceefrost

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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. Satoshi is the smallest unit of bitcoin.

The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC).
source;
https://en.bitcoin.it/wiki/Satoshi_(unit)

chubogo

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

Topic: Anything smaller than a satoshi in BTC? (Read 2794 times)