Topic: Bitcoin decimals. Is 1.00000000 Bitcoin the same as 1.000000000000 Bitcoin? - page 3. (Read 503 times)

I think this'll be how the most used exchange represents bitcoin in the future. If it's so big that it makes sense to use satoshi (to them) to quote figures, then it'll either be considered less scarce or (and I think this one is more likely) much more affordable. "a bitcoin is $10M i can't afford that, but a satoshi is 10 cents and I can get a lot of those" - hypothetical economics student 2050.


It understands it as well as whole bitcoins . The ln system on that does feel broken though.

I think there's a chance we'll have 128 bit processors before the issue of what we break down sats into becomes a problem though (once the current computer clocks have done too much ticking). Sounds like a natural new gimmick for Intel.

no it is not!!!
bitcoin does not understand msats!
do not even dare confuse the bitcoin network ruleset vs the LN crappy peg-set of crappy suggestive polciy of that crap network
bitcoin is not LN..
they are separate networks for separate utility using separate units of measure. do not dare confuse the two

its an increase of shareable units.
thus artificial supple increase

bitcoin as displayed for GUI is 1.00000000

however the actual hard code and data on the blockchain has no btc

its measured as the smallest unit 100,000,000 sats
yep a tx, a value in a block is all sat based

to break the rules of the smallest unit means it breaks many rules
for instance it increases how many halvenings would occur
it breaks how many shareable units there are

at code/data level it is not a rule of
50btc for first 210,000 blocks
instead its actually at code and real hard drive and relayed data:
its a rule of 5,000,000,000 units for 210,000 blocks
its a rule of 2,500,000,000 units for 210,000 blocks
its a rule of 1,250,000,000 units for 210,000 blocks
its a rule of 625,000,000 units for 210,000 blocks
and so on
by making it suddenly at the next halving
new rule of 312,500,000,000 units for 210,000 blocks
changes alot of things

changing smallest unit * 100,000,000= 1btc to
changing smallest unit * 100,000,000,000= 1btc

means instead of there being 20,999,999,9769,000 units by 2142
changign to 11 decimals in 2024 changes the results to
last halvening: 2176 (extra 9 halvenings)
total units created 133218749997060000

2008   5000000000   1050000000000000
2012   2500000000   525000000000000
2016   1250000000   262500000000000
2020   625000000   131250000000000
2024   312500000000   65625000000000000
2028   156250000000   32812500000000000
2032   78125000000   16406250000000000
2036   39062500000   8203125000000000
2040   19531250000   4101562500000000
2044   9765625000   2050781250000000
2048   4882812500   1025390625000000
2052   2441406250   512695312500000
2056   1220703125   256347656250000
2060   610351562   128173828020000
2064   305175781   64086914010000
2068   152587890   32043456900000
2072   76293945   16021728450000
2076   38146972   8010864120000
2080   19073486   4005432060000
2084   9536743   2002716030000
2088   4768371   1001357910000
2092   2384185   500678850000
2096   1192092   250339320000
2100   596046   125169660000
2104   298023   62584830000
2108   149011   31292310000
2112   74505   15646050000
2116   37252   7822920000
2120   18626   3911460000
2124   9313   1955730000
2128   4656   977760000
2132   2328   488880000
2136   1164   244440000
2140   582   122220000
2144   291   61110000
2148   145   30450000
2152   72   15120000
2156   36   7560000
2160   18   3780000
2164   9   1890000
2168   4   840000
2172   2   420000
2176   1   210000
2180      total   133218749997060000 units
yep by converting to 1000x units. dilutes already mined 19mill old btc of pre change to be only displayed as 19thousand "new bitcoin"

Currently, the smallest unit is mSat or 0.001 satoshi but I think if the price of 1 sat will become $1 each then why not use sat with decimals like 1.4453 sats as an example or use mSat I believe that it would be enough. No more new units only mSat is the smallest one look at the chart below


Source: https://en.bitcoinwiki.org/wiki/Satoshi

With decimals, 1.000 is still the same as 1.00000000000. One bitcoin is still one bitcoin. I think It doesn’t matter the numbers of zero attached after the decimal point. And I don’t see two decimals being in the same figures (eg. 1.231.907). 1.000 is the same as 1 with a million zeros after the decimal. It’s still 1.
There are 21 million bitcoin available in the world today and the addition of decimals, no matter how many, would not increase nor decrease the amount of bitcoin left.

of course it will be the same. the total amount of bitcoin will not change it's just another way to count the unit.
likewise 1 Ton is equal to 1000 Kg... this not change the initial amount it's just a bigger way to divide it.
better with pizza (yes I am Italian ). You can make 4 slices or 8 slices... the pizza will be always the same +

the real question to me is: I will be alive that day?

The addition of decimals won't increase the supply by any means, it's just giving the users an additional way of distributing their coins in a whole new way, i.e.; instead of having 8 decimals only, they now have 12 (or whatever number you choose) decimals that can be used as denomination to distribute their coins by being able to send them with such long decimals.
And if we speak about a fork, then please refer this:
https://bitcointalksearch.org/topic/m.61497776

Am not good at bitcoin technical discussion but the little i know and understand about Bitcoin is that it have a total circulating supply of 21 million, and since bitcoin launched way back 12 years ago, there ha e not been any changes to its total max supply and I don't think a forked coin is same as original forked Bitcoin can be like what we have with Bitcoin cash which is not same as Bitcoin in all sense of it. I may be wrong though and some other members with superior knowledge could have a different  view to what I stated and we can all learn from them as the discussion continue.

While answering in another thread, this debate came up in my mind about Bitcoin and decimals.  Curious to know what the general user thinks.

Say inflation was so crazy 1 Satoshi became $1 and a Hard Fork took place through which we add more decimals to Bitcoin.  It currently has 8.  If we add 4 more decimals, is 1 Bitcoin still just as scarce or do you consider it artificial injection of supply?

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Regards,
PrivacyG