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Title: Fractional BTC? Post by: kapolani on April 10, 2013, 02:14:56 PM Can you purchase fractions of BTC?
Haven't been able to get in the game yet. Waiting to make my first private buy. Title: Re: Fractional BTC? Post by: Bitformance.com on April 10, 2013, 02:18:46 PM Yes, bitcoins don't exist as a separate entity, what exists are just transactions (transfer bitcoin amount x from a to b), so the amount is just an arbitrary number. In the current implementation it can be represented by 8 digits after the decimal, so the smallest possible ammount is 0.000000001 btc (= 1 satoshi)
Title: Re: Fractional BTC? Post by: kapolani on April 10, 2013, 02:22:54 PM Yes, bitcoins don't exist as a separate entity, what exists are just transactions (transfer bitcoin amount x from a to b), so the amount is just an arbitrary number. In the current implementation it can be represented by 8 digits after the decimal, so the smallest possible ammount is 0.000000001 btc (= 1 satoshi) Sweet. Looking better and better. I have fractional gold and silver pieces. Sometimes an OZ is too much to get change for! LOL. Title: Re: Fractional BTC? Post by: endoplasm on April 10, 2013, 02:23:30 PM Yes... but know that too small may not be worth your time =P
Title: Re: Fractional BTC? Post by: Bitformance.com on April 10, 2013, 02:28:29 PM not if you are one of those hardcore enthusiasts that calculates world economy / 21 mio coins = some billions
Title: Re: Fractional BTC? Post by: noob_jul11 on April 10, 2013, 02:50:48 PM I thought it needs to be a certain amount before someone can transfers btc out - was it 0.01 or 0.001 or face transaction fees or something?
Title: Re: Fractional BTC? Post by: panck4beer on April 10, 2013, 02:53:42 PM I thought it needs to be a certain amount before someone can transfers btc out - was it 0.01 or 0.001 or face transaction fees or something? https://en.bitcoin.it/wiki/Transaction_fees#Sending |