top | item 45809204

(no title)

slau | 3 months ago

If one bitcoin is worth $10 million then 1 millionth of a bitcoin is still $10.

discuss

order

littlecranky67|3 months ago

There is no problem with that, as Bitcoin itself will never reach the transaction volume of regular cash - it couldn't even handle that given the number of transactions (nor does it make sense to store your coffee payment on any given day for a lifetime in the blockchain). Thats where layer 2 solution such as Lightning come into play - for everyday, more privacy-friendly smaller transactions that are not put on the blockchain. And on Layer 2, you can go even smaller in denominations.

immibis|3 months ago

To reiterate and paraphrase: "we need more coffee shops to accept bitcoin" "but it's not divisible enough" "that's fine because we don't need coffee shops to accept bitcoin"

monerozcash|3 months ago

The important detail being missed here is that the smallest unit is 0.00000001 bitcoin, i.e. one hundred millionth of a bitcoin.