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Author Topic: What happens if someone buys all existing bitcoins and destroys them?  (Read 2696 times)
DannyHamilton
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February 18, 2013, 10:59:57 AM
 #41

I never realized that Bitcoins were infinitely divisible . . .
At the moment with the current protocol, they aren't.  They are currently only divisible to 8 decimal places, with 0.00000001 BTC being the smallest possible nit that can be transferred between bitcoin addresses. In the future, if it became necessary, a protocol change could occur.  Depending on  how it is implemented, doing so might require a fork in the blockchain, but if it was necessary there would likely be enough support and acceptance to accomplish it.
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