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Author Topic: dividing one bitcoin into a million pieces  (Read 2956 times)
marketingpro
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September 16, 2014, 02:01:59 PM
 #1

I want to take one bitcoin and divide it into a million
pieces and give them to my friends.

How do I set that up?
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9kv
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September 16, 2014, 02:07:30 PM
 #2

I want to take one bitcoin and divide it into a million
pieces and give them to my friends.

How do I set that up?
You have a million friends?
DannyHamilton
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September 16, 2014, 02:08:48 PM
 #3

I want to take one bitcoin and divide it into a million
pieces and give them to my friends.

How do I set that up?

You have a million friends?

Are you sure they are all friends?

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September 16, 2014, 02:10:36 PM
 #4

Each piece would be worth $0.0004747.

Is this really worth it to you?
Rubber Ducky
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September 16, 2014, 03:00:31 PM
 #5

Why stop at 1 million when you can divide it among 100 million of your bestest friends?
s.mouse
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September 16, 2014, 03:12:56 PM
 #6

I'd divide the bitcoin up into pieces depending on how many friends you have though if they're not tech savvy I wouldnt bother sending them it. They'll probably just lose it or something.
giveBTCpls
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September 16, 2014, 04:18:58 PM
 #7

Whats the point in any case? Just do the calculation with the calculator if you want to know the value in USD. You dont need to "divide it", you just do whatever transaction you want (0.00000009 or whatever...)

shorena
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September 16, 2014, 05:53:52 PM
 #8

I want to take one bitcoin and divide it into a million
pieces and give them to my friends.

How do I set that up?

You have a million friends?

Are you sure they are all friends?

Would you give a friend 0.000 001 BTC?

Friends dont give friends unspenable dust inputs! Wink
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September 16, 2014, 05:56:03 PM
 #9

If I was one of your 1 million friends, I would not accept your BTC dust.

My wallet amount has enough decimals to the right as it is, don't need anymore!   Grin


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oceans
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September 16, 2014, 07:32:42 PM
 #10

Wow, not sure you could divide it up into a million pieces and get much out of it at all :/ do you really have 1 million friends? Couldn't imagine having that many but it all honesty it would be pointless dividing it up that much.
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September 17, 2014, 02:25:46 AM
 #11

You have got yourself an username "marketingpro".
Are you sure you are going to send the dust to your one million "friends"?  Grin

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September 17, 2014, 03:48:37 AM
 #12

That would be a waste of time for both you and your friends.  What exactly would they do with such a small amount of coins?  it's a good gesture but not very well thought out.  Is this going to be some kind of marketing campaign for you and Bitcoin?   You must have a crap load of friends, hopefully many of them appreciate the coins.  Good luck with however you decide to distribute the coins.
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September 17, 2014, 09:20:26 AM
 #13

Short answer: You can't. Long answer: You can, but it would be astonishingly stupid to do so. Sending to a million different outputs would require 34 metric megabytes of data, which currently requires a transaction fee of BTC3.4. It is unclear what you hope to accomplish by this in any case, as one millionth of a bitcoin is currently worth less than one twentieth of a cent, and would cost a hundred times more in transaction fees to send than it is worth.

Bitcoin is neither designed nor suitable for microtransactions. If your application requires microtransactions, it requires something other than Bitcoin.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
BTCish
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September 17, 2014, 09:35:45 AM
 #14

you can try to send some other cryptocurrencie, that is worth a lot less than BTC, in that way you wont need to pay big fees.

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September 17, 2014, 09:49:51 AM
 #15

Short answer: You can't. Long answer: You can, but it would be astonishingly stupid to do so. Sending to a million different outputs would require 34 metric megabytes of data, which currently requires a transaction fee of BTC3.4. It is unclear what you hope to accomplish by this in any case, as one millionth of a bitcoin is currently worth less than one twentieth of a cent, and would cost a hundred times more in transaction fees to send than it is worth.

Bitcoin is neither designed nor suitable for microtransactions. If your application requires microtransactions, it requires something other than Bitcoin.

It's basically this. I didn't run the numbers myself, but it sounds reasonable. Miner may, at times, include dust transactions, but by including an unreasonably high amount of them, they increase the chances of their block being orphaned, and thus risk their block reward. And a million pieces seems a bit much, doesn't it?

I should have gotten into Bitcoin back in 1992...
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September 17, 2014, 12:11:16 PM
 #16

You can't have one million friend, or maybe you call "friends" all the people with whom you speak.
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September 17, 2014, 03:56:04 PM
 #17

This doesnt make sense to me.
Zebra
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September 17, 2014, 04:37:01 PM
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Short answer: You can't. Long answer: You can, but it would be astonishingly stupid to do so. Sending to a million different outputs would require 34 metric megabytes of data, which currently requires a transaction fee of BTC3.4. It is unclear what you hope to accomplish by this in any case, as one millionth of a bitcoin is currently worth less than one twentieth of a cent, and would cost a hundred times more in transaction fees to send than it is worth.

Bitcoin is neither designed nor suitable for microtransactions. If your application requires microtransactions, it requires something other than Bitcoin.

Very true, but "Mr MarketingPro" may not want the transactions to get included in a block at the beginning.
In that case he won't need to pay any transaction fee, and not even that 1 btc that he "sent out".

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September 17, 2014, 04:46:15 PM
 #19

Heres an idea, just point them to some faucet site Smiley
Use the bitcoin you have to buy yourself something nice, or save it somewhere safe and forget about it for a few years.
I believe this is the best solution to your problem

cheers
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September 17, 2014, 05:53:21 PM
 #20

Divide the bitcoin into one hundred pieces and the will have some value for your lucky friends.

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