20 sats \ 5 replies \ @BitcoinIsTheFuture 1 Apr \ on: What if there were not enough BTC for us Bitcoiners? bitcoin_beginners
You get Bitcoin at the price you deserve and it’s infinitely divisible! You can go as far to the right of the decimal as you want!
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20 sats \ 4 replies \ @Murch 1 Apr
Can you describe what you mean with infinitely divisible? On-chain you can only go down to sats.
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20 sats \ 3 replies \ @BitcoinIsTheFuture 1 Apr
Correct for now. In the future you could go more to the right of the decimal than 8 and it won’t devalue the current holders. You could go 16 to the right of the decimal and call it a nak ( short for Nakamoto)!
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20 sats \ 2 replies \ @Murch 2 Apr
We could, but it would require a fairly invasive hardfork to do that on-chain.
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50 sats \ 1 reply \ @BitcoinIsTheFuture 2 Apr
Yup if it became a problem it would be done!
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20 sats \ 0 replies \ @Murch 2 Apr
TBH, there are a lot of hardfork proposals that would give me fewer nightmares than one that implements additional divisibility. It would require that every single piece of Bitcoin software and hardware be updated to handle entirely different magnitudes of amounts and feerates as well as a change in the transaction format because anything more than three more digits of additional precision would no longer fit in a 64-bit integer (which is the current size of the amount field in the output).
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