|
Title: Saturation? Post by: JDJeep98 on May 19, 2011, 06:48:38 PM I think the bitcoin concept is a brilliant solution to a series of very real issues.
I just don't understand how a cyber coinage system can become viable across the world when it is limited to 21 million base units! Thoughts? Title: Re: Saturation? Post by: markm on May 19, 2011, 06:51:50 PM Add eight zeros onto that number. Its base units are eight decimals smaller than what is currently, and seemingly to-you-misleadingly, being referred to as bitcoins.
-MarkM- Title: Re: Saturation? Post by: sammoocow on May 19, 2011, 06:52:56 PM It is divisible to 8 decimals, so that's actually 2,100,000,000,000,000 base units.
EDIT: got beat to it Title: Re: Saturation? Post by: flug on May 19, 2011, 07:24:49 PM It is divisible to 8 decimals, so that's actually 2,100,000,000,000,000 base units. To put this in context the US national debt is currently 1,400,000,000,000,000 cents, which is almost as much as 2,100,000,000,000,000 Title: Re: Saturation? Post by: kjj on May 19, 2011, 08:08:44 PM We will have changed from 64 to 128 bit floats for technical reasons LONG before any need to do it for economic reasons.
|