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Author Topic: Anything smaller than a satoshi in BTC?  (Read 2703 times)
legendbtc
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October 21, 2016, 03:09:15 PM
 #41

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.


I don't think it is not possible, satoshi is the smallest bitcoins.

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October 21, 2016, 03:31:43 PM
 #42

I don't believe it's possible, not sure if they can alter it in the future?

Of course it is imposible! Can you imagine breaking 1 cent? Of course in theory it is posiible, but in practice it will never happen.

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October 21, 2016, 04:53:15 PM
 #43

There's talk of milisats with the lightning network if and when it starts.

i ain't got a clue why anyone wants to deal with less than a satoshi but maybe the op is a time traveler with his life savings burning a hole in his pocket.
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October 22, 2016, 10:19:04 AM
 #44

I don't believe it's possible, not sure if they can alter it in the future?

Of course it is imposible! Can you imagine breaking 1 cent? Of course in theory it is posiible, but in practice it will never happen.

If its  already considered  as the smallest  value of  bitcoin then it wouldnt be changed at all hence people  already aware on that satoshi is the  smallest  value of  a bitcoin and  devs or  even the creator would  not mind to change it at all.

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October 23, 2016, 10:52:44 PM
 #45

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.

This. Although you're either on the chain or your'e off of it
http://www.goodreads.com/quotes/490538-you-re-either-on-the-bus-or-off-the-bus

I remember one of Bitcoin's selling points in the early days was that the decimal point could be moved and/or decimal places added to accommodate massive adoption, although this could have just been the developer's subconscious saying "MOON!"
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October 24, 2016, 03:25:57 AM
 #46

- snip -
I remember one of Bitcoin's selling points in the early days was that the decimal point could be moved and/or decimal places added to accommodate massive adoption,
- snip -

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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