[–]17933708?0 points
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This is true.. there are not a lot of BTC that will ever exist. So if people want to use them for this purpose they might have to bid as much as several cents each (per satoshi I mean).
yes that's a satoshi. It's actually the native unit, not really a fractional unit. Just a matter of how you express it. We started with "BTC" because the smaller units weren't needed, but now mBTC is pretty common for example.
[–] 17935050? ago
Doesn't BTC go to 8 decimals? You can get .00000001 BTC. It's deflationary by design.
[–] 17935115? 0 points 1 point 1 point (+1|-0) ago
yes that's a satoshi. It's actually the native unit, not really a fractional unit. Just a matter of how you express it. We started with "BTC" because the smaller units weren't needed, but now mBTC is pretty common for example.