are their any smaller denotations of a bit coin?

Elmore ASIC

newbie

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Quote from: AliceWonder on July 11, 2013, 03:48:35 AM

Quote from: tocket on July 11, 2013, 03:32:39 AM

The question is if that's small enough. With a maximum of 21 MBTC, the smallest unit corresponds to 1/5e16 of that. As a comparison, there's roughly 10 trillion USD in existence, where the smallest (physical) denominator is 0.01 USD, corresponding to 1e-15 of the total. Thus, bitcoin's "advantage" here is minimal.

It is small enough for now, in my opinion.

When we get to the point in time where a μBTC becomes common denomination for buying goods (like mBTC is now) then maybe it will be time to start thinking about nBTC and pBTC. But we are long ways away from that time, so no need to fiddle with it now.

In my opinion.

-=- edit -=-

And the smallest denomination of USD being a penny is ridiculous. Our inflationary currency has made them worthless, we really should get rid of them. Hell, I'd even be for getting rid of the nickel too but we can't because of the quarter and dime.

-.00000000000000000000000000000000000000000000000000000000000000000000000001 BTC

LOL ! Cool

aepfel

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Quote from: tocket on July 11, 2013, 03:32:39 AM

The question is if that's small enough. With a maximum of 21 MBTC, the smallest unit corresponds to 1/5e16 of that. As a comparison, there's roughly 10 trillion USD in existence, where the smallest (physical) denominator is 0.01 USD, corresponding to 1e-15 of the total. Thus, bitcoin's "advantage" here is minimal.

it is possible, to add additional decimals.

AliceWonder

full member

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Quote from: tocket on July 11, 2013, 03:32:39 AM

The question is if that's small enough. With a maximum of 21 MBTC, the smallest unit corresponds to 1/5e16 of that. As a comparison, there's roughly 10 trillion USD in existence, where the smallest (physical) denominator is 0.01 USD, corresponding to 1e-15 of the total. Thus, bitcoin's "advantage" here is minimal.

It is small enough for now, in my opinion.

When we get to the point in time where a μBTC becomes common denomination for buying goods (like mBTC is now) then maybe it will be time to start thinking about nBTC and pBTC. But we are long ways away from that time, so no need to fiddle with it now.

In my opinion.

-=- edit -=-

And the smallest denomination of USD being a penny is ridiculous. Our inflationary currency has made them worthless, we really should get rid of them. Hell, I'd even be for getting rid of the nickel too but we can't because of the quarter and dime.

cosmicblue

sr. member

Activity: 282

Merit: 250

BTC - mBTC - µBTC - Satoshi

tocket

newbie

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The question is if that's small enough. With a maximum of 21 MBTC, the smallest unit corresponds to 1/5e16 of that. As a comparison, there's roughly 10 trillion USD in existence, where the smallest (physical) denominator is 0.01 USD, corresponding to 1e-15 of the total. Thus, bitcoin's "advantage" here is minimal.

Elmore ASIC

newbie

Activity: 14

Merit: 0

Quote from: DeathAndTaxes on July 11, 2013, 12:04:21 AM

Quote from: TakedownRuby on July 10, 2013, 11:58:31 PM

microgram is a millionth of a gram, is there a micro coin?

Yes.

Bitcoin is divisible to the 8th decimal place 0.01 uBTC (microBitcoin). This is commonly called a "satoshi" as an honorific for the creator of Bitcoin. 1 Satoshi = 0.00000001 BTC.

he mvst bee talking satoshi shardz !? Cool

DeathAndTaxes

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Gerald Davis

Quote from: TakedownRuby on July 10, 2013, 11:58:31 PM

microgram is a millionth of a gram, is there a micro coin?

Yes.

Bitcoin is divisible to the 8th decimal place 0.01 uBTC (microBitcoin). This is commonly called a "satoshi" as an honorific for the creator of Bitcoin. 1 Satoshi = 0.00000001 BTC.

TakedownRuby

newbie

Activity: 2

Merit: 0

microgram is a millionth of a gram, is there a micro coin?

Topic: are their any smaller denotations of a bit coin? (Read 946 times)