chubogo (OP)
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October 13, 2016, 01:50:39 AM |
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Question is really can you pay or receive a fraction of a satoshi?
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jaceefrost
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October 13, 2016, 01:53:15 AM |
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Question is really can you pay or receive a fraction of a satoshi?
No. Satoshi is the smallest unit of bitcoin. The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). source; https://en.bitcoin.it/wiki/Satoshi_(unit) |
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wintermeasures
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October 13, 2016, 01:54:13 AM |
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Question is really can you pay or receive a fraction of a satoshi?
No Bro Its Not Possible to Receive Or Send A Fraction Of Satoshi...... The Minimum Amount to Send Or Receive In Btc Is 0.000055 Btc..... |
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greBit
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October 13, 2016, 02:11:20 AM |
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I don't think there is anything smaller then santoshi, if you want to receive or send then you need to meet that minimum criteria and anything lower then that is impossible.
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machinek20
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October 13, 2016, 02:15:32 AM |
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satoshi is the smallest unit in bitcoin, 1 satoshi is a really really small fraction unit, and it is impossible to send 1 satoshi, there is minimum limit to send a transaction, they set the limit to fight off spam transaction
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Kevin77
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October 13, 2016, 04:45:50 AM |
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Currently there is no provision in any wallet to split one satoshi, so we will not be able to transact less than a satoshi. Interestingly, you will be able to transact 1 satoshi by paying minimal optimum network fees ( currently ~35000 satoshi). It means you need to spend 35001 satoshi and your payee will receive 1 satoshi.  Any transaction value below tx fees are termed 'dust transactions' which are not recommended to trade. |
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stiffbud
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October 13, 2016, 04:53:29 AM |
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additionaly you can't send even a satoshi because you will have to send it with a fee which is 5000 satoshi already.
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vino.gcs
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October 13, 2016, 05:01:13 AM |
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Satoshi is the basic unit of Bitcoin. Basic Unit of measurement can be defined as something which can not be split further.
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gamerfan
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October 13, 2016, 07:10:55 AM |
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I think when Bitcoin will reach a value of, just saying, above 500k $, it will be necessary to implement another basic unit to pay for cheap items  What do you think about it? |
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xIIImaL
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October 13, 2016, 12:47:14 PM |
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Question is really can you pay or receive a fraction of a satoshi?
Nope satoshi is the smallest unit in bitcoin value hierarchy. Satoshi is least unit n bitcoin so try to earn btc as priority then you can go with mbtc or satoshis. |
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ObscureBean
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October 13, 2016, 03:05:05 PM |
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I think when Bitcoin will reach a value of, just saying, above 500k $, it will be necessary to implement another basic unit to pay for cheap items What do you think about it? Of course, if the price reaches a point where 1 satoshi is equivalent to $150 or even $10, the current system will need to be updated but that's unlikely to happen in the foreseeable future. But I'm pretty sure they've already thought of a way to circumvent this limitation, just in case. Can you imagine though, if 1 satoshi is worth just $1, 1 whole Bitcoin is $100,000,000. And I would be a multi-millionaire (close to being a billionaire)  Fingers crossed  |
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DannyHamilton
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October 13, 2016, 05:21:05 PM |
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Question is really can you pay or receive a fraction of a satoshi?
In off-chain systems, you can split the satoshi into as many pieces as you like. For instance, if Coinbase wanted to, they could implement a system that would allow Coinbase users to pay other Coinbase users smaller increments than a Satoshi and it wouldn't require any changes to the current Bitcoin system at all. Additionally, multiple off-chain systems could cooperate if they want to. For instance, Coinbase and BitPay could have an agreement between them that they would allow their users to make payments using smaller increments than a Satoshi between the two systems. Coinbase and BitPay could then just add up all the small increments from all the users and use the Bitcoin blockchain to settle up the transfers when the sum of the amounts are greater than a Satoshi. However, it is currently impossible to send amounts less than a satoshi on the bitcoin blockchain. Allowing that would require a change to the bitcoin protocol and software. I'm not certain, but I think that the new Side Chain concept that SegWit is supposed to make possible might allow for amounts smaller than a satoshi? |
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xht
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hey you, yeah you, fuck you!!!
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October 13, 2016, 07:06:05 PM |
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Question is really can you pay or receive a fraction of a satoshi?
satoshi is the smallest fragments in bitcoin and for now the smallest nominal you may receive or pay with bitcoin is 20k satoshi if you do not want to lost by the transaction fee. |
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hakanbalta577
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October 13, 2016, 07:15:57 PM |
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Its not possible to send a fraction of satoshi,its not even possible to send one whole satoshi in a transaction so a fraction of satoshi is far away from that and there is no need for that because 1 satoshi itself a very very small value when calculated in USD so having fraction of it does not make any sense.
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mindrust
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October 13, 2016, 07:24:29 PM |
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I don't know why would someone need such thing but If you want to send/receive less than a satoshi, use altcoins instead. There are plenty of shit coins out there which worth less than a satoshi.
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rik3
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October 14, 2016, 04:11:52 AM |
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Question is really can you pay or receive a fraction of a satoshi?
No Bro Nothing Is Smaller than the Smallest Unit Of Fraction Of Bitcoin and We Cant Send A Fraction Of Bitcoin to Somebody Else.... And the Minimum Amount To Transfer is 0.0001 Btc ...... |
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Zadicar
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October 14, 2016, 10:22:24 AM |
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All of members here are saying the same thing which is true, satoshi is the smallest fraction of bitcoin and theres no other smaller from that. Why you ask this question though? Try to use google sometimes because its not necessary to ask which you could really search it with ease. No offense to OP.
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Visin
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CryptoTalk.Org - Get Paid for every Post!
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October 14, 2016, 10:48:23 AM |
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No, there isn't anything smaller than 1 Satoshi in BTC.
If you use a Alt-coin like Litecoin then you could have fractions of Bitcoin smaller than 1 Satoshi in BTC. They are called Litoshi.
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dunfida
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October 14, 2016, 02:30:18 PM |
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No, there isn't anything smaller than 1 Satoshi in BTC.
If you use a Alt-coin like Litecoin then you could have fractions of Bitcoin smaller than 1 Satoshi in BTC. They are called Litoshi.
Agree with you but we are talking here in bitcoin since OP mentioned bitcoin but still a good example though it really depends on a cryptocurrency on which have these kind of terms on their smallest fraction. Satoshi is the smallest fraction on bitcoin and theres no other than that. |
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Rostadom
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October 15, 2016, 03:35:23 AM |
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I don't think so. In the Bitcoin wallet that I am using, the minimum amount that you can send is around 7000 satoshi. I am not sure why would you be sending this little amount of BTC knowing the fact that only 1 dollar is thousands of satoshis already. I think people don't care about any amount of BTC that is near 5000 satoshi, let alone an amount less than a satoshi.
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