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Author Topic: Division of bitcoin  (Read 1021 times)
Netnox
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June 27, 2015, 09:04:42 PM
 #21

There is no more zeros needed, you can already divide it into 100M individual units which are Satoshis. If the price goes up people can use Satoshis (which already is happening btw), as of now for one Satoshi to be worth $2.40, 1 Bitcoin needs to be worth $244.000.000,00.

Fixed that for you.

You seem to be from a country that uses a period for digit grouping instead of a comma?


Well i don't think people are going to say satoshi, give me 1 satoshi, its a stupid name for money with all respect for bitcoins creator. Bits is much more suitable, i'm from europe and we use comma but since the majority here is from us/uk (i think) i used period.


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June 28, 2015, 01:59:49 PM
 #22

There is no more zeros needed, you can already divide it into 100M individual units which are Satoshis. If the price goes up people can use Satoshis (which already is happening btw), as of now for one Satoshi to be worth $2.40, 1 Bitcoin needs to be worth $244.000.000,00.

Fixed that for you.

You seem to be from a country that uses a period for digit grouping instead of a comma?


Well i don't think people are going to say satoshi, give me 1 satoshi, its a stupid name for money with all respect for bitcoins creator. Bits is much more suitable, i'm from europe and we use comma but since the majority here is from us/uk (i think) i used period.

We use commas in the UK so it would just be $244,000,000

Far as I know the only place that uses all the periods is the US.
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June 29, 2015, 01:05:51 PM
 #23

Its possible and an important possibility because you already know that there will never be enough bitcoins for everyone in the world. Which means bitcoins need to rise in price up to that point. And when it does then bitcoins need to be divided into smaller units of value.

Its possible...

Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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