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Chin Cheng
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October 15, 2016, 07:10:08 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. the transaction fees of 35000 satoshi is too much,i thought the transaction fees are nominal and i remember i used to transfer funds with fees of 5000 satoshi,i never knew about this big change in the bitcoin world since i was away for some time,if transaction keeps increasing it would be hard for anyone new to bitcoin to fully enjoy the tech behind it as they seem to find it expensive if they are moving some funds |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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sabbirshm
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October 15, 2016, 05:16:50 PM |
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No, in my knowledge I don't know anything smaller than satoshi.Its the smallest in BTC.and in my wallet I can send minimum 1000satoshi.So, it's quite clear that nothing is less than satoshi. I think you got your answer properly.
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Aamir1
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October 15, 2016, 05:26:21 PM |
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Question is really can you pay or receive a fraction of a satoshi?
Not at all, satoshi is the smallest unit of a bitcoin which cannot be further divided into other units and someone can only receive 1 satoshi minimum as a payout from a faucet or something. |
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Carlsen
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October 15, 2016, 06:16:47 PM |
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In bitcoin there is nothing smaller than one satoshi.
Maybe an altcoin can be devided up into smaller fractions worth less than one stoshi, but I do not know that.
In general I see no point in transactions which are so low.
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Bitcoinsummoner
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October 15, 2016, 06:32:22 PM |
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Question is really can you pay or receive a fraction of a satoshi?
Not at all, satoshi is the smallest unit of a bitcoin which cannot be further divided into other units and someone can only receive 1 satoshi minimum as a payout from a faucet or something. Yeah i never heard any name below satoshi and this is i think the smallest the second is ubtc 3rd mbtc. until 1 btc.. but there is other terms for those name .If you want to know more about better to check this wiki for more info about bitcoin or satoshi here https://en.bitcoin.it/wiki/Units |
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virusasog
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October 15, 2016, 06:34:09 PM |
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In bitcoin there is nothing smaller than one satoshi.
Maybe an altcoin can be devided up into smaller fractions worth less than one stoshi, but I do not know that.
In general I see no point in transactions which are so low.
Satoshi is the least value to in bitcoin tree value. However we cannot able send the satoshi value to anyone. If you want to earn satoshi, that you can earn from the any faucet site itself. Try on it. |
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crairezx20
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Activity: 1638
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October 15, 2016, 06:42:12 PM |
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In bitcoin there is nothing smaller than one satoshi.
Maybe an altcoin can be devided up into smaller fractions worth less than one stoshi, but I do not know that.
In general I see no point in transactions which are so low.
Satoshi is the least value to in bitcoin tree value. However we cannot able send the satoshi value to anyone. If you want to earn satoshi, that you can earn from the any faucet site itself. Try on it. Yeah you can not send it thats why faucet box is your wallet if you are collecting faucet rewards.. and you can withdraw after you reach the threashold.. Satoshi is the name of who made bitcoin and they are use it as a smallest term for bitcoin.. |
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BitcoinExpart
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October 16, 2016, 03:18:04 AM |
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Question is really can you pay or receive a fraction of a satoshi?
Not possible.Here Satoshi is the smallest unit of Bitcoin.So we easily said that It's impossible to able send the least of satoshi value to anyone. |
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mrcash02
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October 16, 2016, 04:37:09 AM |
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Question is really can you pay or receive a fraction of a satoshi?
Yes, some junk faucets are paying 1 satoshi per claim/captcha solved  But for a transaction via your wallet you can't send very few satoshis, I saw here that you need to send at least 546 satoshis (correct me if I'm wrong) to prevent dust transactions. It's a low amount anyway and doesn't worth. I don't like to make those low transactions, you pay many fees for many small amounts of satoshis. |
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surosopaceglug
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October 16, 2016, 07:56:02 AM |
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Question is really can you pay or receive a fraction of a satoshi?
Yes, some junk faucets are paying 1 satoshi per claim/captcha solved But for a transaction via your wallet you can't send very few satoshis, I saw here that you need to send at least 546 satoshis (correct me if I'm wrong) to prevent dust transactions. It's a low amount anyway and doesn't worth. I don't like to make those low transactions, you pay many fees for many small amounts of satoshis. 1 sat per claim it will hurt my hand to do that |
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PizzaBTC
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October 16, 2016, 08:11:35 AM |
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Question is really can you pay or receive a fraction of a satoshi?
LOL, its already obvious that you do not know much about bitcoin,even your moniker says it. But to answer your question, I will say Satoshi is the smallest fraction of bitcoin valued at 1/100,000 Bitcoin. |
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CryptoGore
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October 16, 2016, 08:25:16 PM |
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Not actually, until any update in this way will come out from core developers the satoshi unit is the smallest fraction ever possible in Bitcoins
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Zadicar
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October 17, 2016, 06:40:16 AM |
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Not actually, until any update in this way will come out from core developers the satoshi unit is the smallest fraction ever possible in Bitcoins
There would be no update hence satoshi is the smallest possible fraction of a bitcoin theres nothing more even smaller on that. Regarding on transaction there wallets which do have minimum of 20k sats per transfer so you would really need to pass much more amount on that, |
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veleten
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October 17, 2016, 06:30:20 PM |
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Question is really can you pay or receive a fraction of a satoshi?
why would you want to pay/recieve a fraction of a satoshi o_0 under current blockchain protocol it is impossible to send or recieve fractions of satoshi,but you can,theoretically ,do it off-chain have never heard of any system that would do that,even if (when?) bitcoin costs 100.000$ ,1 satoshi would equal 0.001 $ or 1/10 of a cent |
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outatime1
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October 18, 2016, 12:03:10 AM |
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Right now a satoshi is the smallest denomination. I don't see this as a problem right now because a satoshi is almost worthless. However in the future that could change if bitcoin becomes very valuable.
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carlfebz2
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October 18, 2016, 05:00:13 AM |
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Right now a satoshi is the smallest denomination. I don't see this as a problem right now because a satoshi is almost worthless. However in the future that could change if bitcoin becomes very valuable.
You cant really say that satoshi is almost worthless because a whole bitcoin is consist of satoshis and you wont make a whole bitcoin if satoshi is almost worthless well but if you are refering to value then yes small satoshis are somehow worthless but you cant form huge amounts if you dont pass on small amounts. IMO |
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JITENDERPAR3
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October 18, 2016, 05:21:12 AM |
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Question is really can you pay or receive a fraction of a satoshi?
i think therr can be no coin or altcoin which is small than 1 satoshi . overall to send and receive 1 satoshi is full of loss . no profit . even transaction charge will be more times about lakh time of satoshi . it means to send and receive 1satoshi will result in the loss of 1 lakh satoshi (in zebpay transaction) |
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Naficopa
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October 18, 2016, 11:25:11 AM |
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Question is really can you pay or receive a fraction of a satoshi?
No there is no option to pay or receive less than 1 satoshi, but let see what gonna happen in couple of years..  If price of Bitcoin will skyrocket, maybe someone will try to divide satoshi - Joking of course! there is no option to bust 1 satoshi. |
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lucki777
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October 18, 2016, 06:52:28 PM |
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to me satoshi is the smallest unit of bitcoin and there nothing smaller than satoshi.
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rickadone
Legendary
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October 20, 2016, 01:55:59 PM |
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Question is really can you pay or receive a fraction of a satoshi?
i think therr can be no coin or altcoin which is small than 1 satoshi . overall to send and receive 1 satoshi is full of loss . no profit . even transaction charge will be more times about lakh time of satoshi . it means to send and receive 1satoshi will result in the loss of 1 lakh satoshi (in zebpay transaction) That's right,satoshi is the smallest bitcoin/cryptocurrency denomination so far. Its value is 1/100000000 just like a cent is the smallest divisible unit when we talk of US Dollar. I do not think there is any likelihood of getting a smaller because even that one of satoshi is still extremely far behind the decimal. |
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