Topic: What's in a Satoshi? - page 2. (Read 337 times)

In my own thought satoshi is a smallest division of bitcoin or in other world we called it a penny centavo of bitcoin,because its derived from the family name of the founder and we called the father of all bitcoin Mr.Nakamoto Satoshi.Satoshi,is smallest variable of bitcoin that so important in the world of  crypto currency especially when counting the price value of bitcoin into smallest procedure.

To divide bitcoins an (almost) infinite number of times would require their representation as a floating point number.
If you don't know how that differs from an integer, then ask a maths teacher to point you to a book explaining real numbers.
Although computer chips from different manufacturers ought to get the same answer when subtracting one small floating point number from another, such as 0.0002 - 0.00000001, they sometimes don't quite match, due usually to different ways of rounding between a computer representation and a human readable decimal representation.  Try looking up the "Pentium Bug".

Setting a fixed 10^-8 minimum fraction allows such to be represented with integers for which all 64 bit arithmatic logic processors will get exactly the right answer.  For example 2000 satoshi - 1 satoshi = 1999 satoshi.  The purpose of bitcoin is to have worldwide money with which all the computers in the world can exactly agree that valid transactions are valid, and that fraudulent ones are not.  This can only be guaranteed by representation of bitcoin not with real numbers but with integer counting of satoshi.  It was presumably decided very early on not to count "bit cents" worth 0.01 bitcoins and use those as a minimum unit because it was not small enough for envisaged use cases such as kW-seconds electric car recharging bills.   Also real money with metal coins already struggles to make small enough metal pieces for half-penny coins, so there was no reason to copy what physical currency did.

Ask me about pegged coloured coin sidechains and sharding if you want more (possibly minority opinion) ideas for spending very tiny bitcoin quantities, possibly smaller than nanobitcoins, without clogging up the main international blockchain.

Well i thin k that in this world you can't find services or product with a value smaller then one satoshi, the value would be to small to matter in the economic world. It is similar with fiat.

well i think that's how currencies are, at least there should be a minimum. But your suggestion isn't bad though, an infinite division won't be bad. But have thought about the name we will give? give a name:)

A satoshi is the smallest amount a bitcoin can be devided 0.00000001 BTC. it is named after the creator of bitcoin. Now the reason bitcoin can not be devided to an infinite time is that bitcoin is coded into machines. Machines that have a maximum amount of bits
So the information coded on it must be quantified. That's you can not devide bitcoin to infinitie anount of times.

One Satoshi is 0.00000001 Bitcoins. I think this is just an unofficial name for the smallest unit possible in Bitcoin. As far as the reason why a Bitcoin can only be divided down to 8 decimal places, I think that’s just the way the creators set it up. I don’t know if it could be changed at this point, but if so, it would have to come from the Bitcoin Foundation to make that determination.

Satoshi is the smalles amount or division of a bitcoin , satoshi is like a cents something like that with out this cents we don't have a penny , satoshi is kind of important it help us to give some income or extra income to be precise.

satoshi is the smallest unit of bitcoin. it was a hundred million of 1 bitcoin. it can't be 1 bitcoin if missing 1 satoshi. 1.00000000 bitcoin 0.00000001 satoshi. this is how it written. like a dollar bill has penny

Satoshi is a bitcoin it is a divided of bitcoin to be an equal part to cents and token

Satoshi is a smallest fraction of a bitcoin that can currently be sent 1 BTC, that is a hundredth of a million BTC .In future ,however the protocol may be updated to allow further subdivision should they needed. It was a monetary unit .

Bitcoin is represented by a number in a PC, those numbers follow certain formats, like int or float or double. Those formats have a fixed number of decimals. The smallest decimal in Bitcoins representation is called a Satoshi.

A Satoshi is currently the smallest amount that the Bitcoin protocol can handle.

Second layer applications can use a different representation of Bitcoin which might allow Satoshis to be divided.
Bitcoin protocol might be updated in the future to allow the same.

Satoshi is a bitcoin. It called satoshi when it above One Bitcoin, like in dollor, if you have one dollor, its called one dollor, and if you divide one dollor to two, it calls, cent, thats what i said in satoshi, its the same.

Why is 1 satoshi the smallest division of a Bitcoin, and why is it important that 1 satoshi cannot be divided any further? Could there be a viable system where 1 coin can be divided infinite times?