Bitcoin Forum
April 27, 2024, 07:34:21 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: The Big Question: 21 Million Coins (yes, I know its been asked before)  (Read 9004 times)
Boussac
Legendary
*
Offline Offline

Activity: 1220
Merit: 1015


e-ducat.fr


View Profile WWW
May 12, 2012, 11:44:47 AM
 #101

Well, it's not entirely correct that Bitcoin is infinitely divisible. In order to use smaller units than satoshis directly in the Bitcoin protocol, it requires an incompatible change. The Bitcoin protocol internally calculates in satoshis as integers. Other than that, it's right. Even when we use nanotechnology (see http://www.rfreitas.com/Nano/TangibleNanomoney.htm), gold cannot be transacted in units smaller than an atom. Bitcoin can be modified for any arbitrarily low smallest unit.

You are right, the correct statement would be:
 bitcoin divisibility can be increased indefinitely by way of a new client version release to handle transactions using further decimals. Or ?


Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!