Can bitcoin be divided further than 0.00000001?
There is no need of any half value of satoshi, satoshi is already a smallest unit which I think alone have no any value, then why will someone ask for a half value of satoshi? So we have to rely on satohi as enough for to be smallest. 
Topic: Can bitcoin be divided beyond satoshis? - page 2. (Read 2800 times)
Theoretically yes.With consensus of course.
But there is aboslutely no need for that.
Bitcoin must have a very high value before we should even think about that.
Theoretically yes but only in our views , and not in the technology, the developers have not worked much on that and there is no any technology integrated in the system of bitcoin, so in actual we will say no, Satoshi is the last dividend unit. But there is aboslutely no need for that.
Bitcoin must have a very high value before we should even think about that.
Some casinos do this already! They show satoshis, but you can win smaller amounts. If you do that a few times in a row, your balance does not change for every bet.
Sure, every service is free to do it internally, but you cant cashout under 1 Satoshi (practically you cant cashout even 1 Satoshi even when it is technically possible because of the much higher fees + dust limit preventing to relay such transactions)
I guess the payouts for faucets will be VERY valuable by that time too, and it would shut the mouths of the
people who has been bashing faucets for many years now. Back in the day, Gavin's faucet paid out 1 to 5 bitcoins and look where we are now.
people who has been bashing faucets for many years now. Back in the day, Gavin's faucet paid out 1 to 5 bitcoins and look where we are now.
If Bitcoin was worth cents at those times, then you could buy thousands of Bitcoins for $20. Much better in the end than having tens of Bitoins just from faucets
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Can bitcoin be divided further than 0.00000001?
You're talking about precision, and yes it can be increased by modifying the Bitcoin source code.
there would be no need to divide satoshis is you will just use other coins to store your wealth though. perhaps those ETH, DASH, LTC and the rest would be more useful for you once the value of bitcoin becomes extremely high. I don't think I'd live more than 50 years from now before that would happen.
Can bitcoin be divided further than 0.00000001?
I suppose it's possible but there is no point of doing that unless Bitcoin price increase .. a lot of course.
Yup the future price of Bitcoin will be the main reason for a readjustment of the Bitcoin subunit structure. If the price is astronomically high in a couple of decades and the miner fees amount to hundreds if not thousands of dollars I guess the code will need to be changed. I also suppose all Bitcoin faucets and other ways of getting some free satoshis right now will be shut down because it would be like giving out free $10 dollar bills to random people every couple of minutes
Can bitcoin be divided further than 0.00000001?
may be ? if bitcoin increase the price very high. probably around $ 100k / BTC bitocin may be divided more deeply under satoshi? 
Currently you are not able to divide it beyond as satoshi is the smallest introduced unit. However, if it ever becomes needed, additional units could be added that are smaller than a single satoshi (e.g. 1 000 000 Laudas = 1 Satoshi). I don't think that it will come to that though.
It will be needed if bitcoin becomes one day the world's only currency Otherwise it won't be needed. Now even if it does become the world's only currency, dividing the Satoshi into a million Laudas won't be needed: one more decimal will do the trick (to which we'll add 2 more for the sake of clarity).
1 BTC = 1,000 mBTC = 1,000,000 uBTC = 1,000,000,000 Parkers = 100,000,000,000 Nakamotos. That would give us a total of 21,000,000,000,000,000.00 Parkers, which is more than enough to store all the wealth that there is in the world.
(The satoshi would have to properly disappear as a unit otherwise it will become horribly hard to navigate between the new units and the old, so the role of the bitcocent could be given to a new unit called the Nakamoto or whatever.)
That's a nice day-dream though, that would make quite a bunch of us billionaires
I wonder what block size would be needed if one satoshi was worth enough to make a worthwhile transaction. Better not think about it...
What I like though is that to make such a small transaction worthwhile, one BTC should be over $100,000. Well, I could stop working if this happens!
What I like though is that to make such a small transaction worthwhile, one BTC should be over $100,000. Well, I could stop working if this happens!
Yeah thats possible and i think this is we need in faucets amount in future. We need it if the price of bitcoin is really high.
It depends on the cross currency pair its traded against. For example, you can trade btc to ltc, and each satoshi will be worth several litoshi.
Example is novaexchange.
Example is novaexchange.
Maybe not everyone agree with me, but i think it is depends the developer of bitcoin itself, only him who can do that. But from my point of view, if bitcoin divide further than 0.00000001 bitcoin, it will be too small value .
For me for now it cant divided because bitcoin is still cheap and i think it cant divided even twice... but if the value of bitcoin is gradually increase more and more after block halving i think around 10k value this is possible to happen..
Some casinos do this already! They show satoshis, but you can win smaller amounts. If you do that a few times in a row, your balance does not change for every bet.
Why not? You could add up to 3 more decimal places and you could still store the total number of these milliSatoshis that will ever exist in an unsigned 64-bit integer.
So let's see: 184,467,440,737.09551615 is the largest possible unsigned 64 bit value - we have not 3 more decimal places but 1 actually.
How is 20 characters a 64-bit value.
If it works that way, you could have an extra few after the decimal point according to that.
Can bitcoin be divided further than 0.00000001?
Considering that generally speaking, the minimum amount of bitcoin that you can send via the network is 0.00006BTC this is pretty useless to have anything less than a Satoshi, obviously, if the price increased, we would have to endorse this.
A milli satoshi or a satoshi bit may be used in this case.
A milli satoshi being 0.001 satoshi
A satoshi bit being 0.001 milli satoshi
why should we think about a unit smaller than satoshi ? . even if the price doubled or tripled form the current one, I think no one would ever will need a smaller unit.
You could try increasing the money supply, but you will be alone in your own fork.
no, beyond it, bitcoin is unable to divide more, satoshi is the smallest unit of bitcoin which is further undivided, someone will say it half a bitcoin but that digit is unable in the technology of bitcoin.
The possibility of bitcoin to be divided beyond Satoshi is possible only if the price goes very high. Big price increase will cause a division.
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