Topic: Why 1BTC should equal 10^8 satoshi ? - page 3. (Read 6723 times)
Not understanding this topic one bit, even after fyookball's explanation...
legendary
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Core dev leaves me neg feedback #abuse #political
he wanted to provide greater divisibilty, which is an
important characteristic of a currency, and especially
is needed because of bitcoin's potential for massive
deflation.
So 8 orders of magnitude oughta do the trick
instead of using normal 2 decimals.
Is that the answer you were looking for?
important characteristic of a currency, and especially
is needed because of bitcoin's potential for massive
deflation.
So 8 orders of magnitude oughta do the trick
instead of using normal 2 decimals.
Is that the answer you were looking for?
also note that values satoshi incide tx's are encoded Little Endian like this:
Code:
40 4B 4C 00 00 00 00 00 - 0.05 BTC (5000000)
I suspect that that one is just laziness. Satoshi was probably using an x86 compatible machine.
What are you asking? I have no idea.
1 satoshi is the smallest unit of bitcoin.
1 satoshi is the smallest unit of bitcoin.
He asking about why 1 BTC = 10 ^8 or 100.000.000 satoshi..
I'm just curious about this also
Hope will be any explanation
What are you asking? I have no idea.
1 satoshi is the smallest unit of bitcoin.
1 satoshi is the smallest unit of bitcoin.
Have to UP this. The power of math.
If you come from a financial background then obvious choices are:
BUT if you come from a hacker/programmer or cryptanalyst background the
also note that values satoshi incide tx's are encoded Little Endian like this:
contrary to common practice that everything emitted to the network should encoded Big Endian
Any thoughts or better explanation?
PS: I find a representation like 1000.0001 the most clean for the average.
Code:
0.0001 : a percentage in point (pip) is a unit of change specifically in foreign exchange markets
1,000,000.00 : accountants favorite view
BUT if you come from a hacker/programmer or cryptanalyst background the
Code:
0.00000000 is definitely what you would prefer because resembles the 8 hex digits of a 4 byte (32bit) integer 0x1234ABCD
also note that values satoshi incide tx's are encoded Little Endian like this:
Code:
40 4B 4C 00 00 00 00 00 - 0.05 BTC (5000000)
Any thoughts or better explanation?
PS: I find a representation like 1000.0001 the most clean for the average.
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