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Author Topic: Saturation?  (Read 1042 times)
JDJeep98
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May 19, 2011, 06:48:38 PM
 #1

I think the bitcoin concept is a brilliant solution to a series of very real issues.
I just don't understand how a cyber coinage system can become viable across the world when it is limited to 21 million base units!
Thoughts?
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markm
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May 19, 2011, 06:51:50 PM
 #2

Add eight zeros onto that number. Its base units are eight decimals smaller than what is currently, and seemingly to-you-misleadingly, being referred to as bitcoins.

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sammoocow
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May 19, 2011, 06:52:56 PM
 #3

It is divisible to 8 decimals, so that's actually 2,100,000,000,000,000 base units.

EDIT: got beat to it
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May 19, 2011, 07:24:49 PM
 #4

It is divisible to 8 decimals, so that's actually 2,100,000,000,000,000 base units.

To put this in context the US national debt is currently 1,400,000,000,000,000 cents, which is almost as much as 2,100,000,000,000,000



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May 19, 2011, 08:08:44 PM
 #5

We will have changed from 64 to 128 bit floats for technical reasons LONG before any need to do it for economic reasons.

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