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Author Topic: 8 or 10 decimal places??  (Read 552 times)
oriel2
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March 02, 2014, 10:37:15 PM
 #1

Why do some places show 8 decimal places for bitcoin and some show 10? I thought 8 was the max it was going to at the present time?

Noob question i know, sorry!

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March 02, 2014, 10:42:24 PM
 #2

Why do some places show 8 decimal places for bitcoin and some show 10? I thought 8 was the max it was going to at the present time?

Noob question i know, sorry!

Consider the following: you can set a USD price like "9.99 cent a minute" for some service, but it doesn't mean that you can actually pay that amount of 0.0999 USD without first rounding it to 0.1 or something.

It will only make sense if you use the service for, say, 1000 hours, so 1000*0.0999 = 99.9 USD

Just my 1.99 cent Wink
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March 03, 2014, 01:44:47 AM
 #3

Why do some places show 8 decimal places for bitcoin and some show 10? I thought 8 was the max it was going to at the present time?

Noob question i know, sorry!

Consider the following: you can set a USD price like "9.99 cent a minute" for some service, but it doesn't mean that you can actually pay that amount of 0.0999 USD without first rounding it to 0.1 or something.

It will only make sense if you use the service for, say, 1000 hours, so 1000*0.0999 = 99.9 USD

Just my 1.99 cent Wink

Well said.

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