Quote from: Shaban on April 12, 2013, 04:12:17 AM

Quote from: cryptofunz on April 12, 2013, 04:07:32 AM

You know that everybody can say 0.0000000001 is new 1 and it will work?

When you go to a bank with a $1.00 dollar bill. They enter it into their system as $1.00. Say we call 0.0000000001 BTC, "1", if you take it to a bank, you hand them "1" and in their system it would still be entered 0.00000000001 BTC.

That can lead to a ton of manipulation. "Yes sir, you gave me 1, but the price of 1 has changed from 0.0000000001 to 0.00000000000000001"

$1.00 = $1.00
1BTC =/= 0.0000000001 BTC

Try manipulating the price without holding 51% percent network hashing power. This isn't the bank, either Wink

You can attempt to lie about what 1 BTC is worth, but if none of the other BTC users agree with you, you're SoL.

You should probably do your research. You don't seem to quite understand how this works.

Quote from: Numberless on April 12, 2013, 04:16:17 AM

I like how no one's mentioned that 0.00000000001 BTC can't even be formed. That's a fraction of a satoshi Roll Eyes

.

You're right, but the number of decimal places can also be changed Tongue

This would be at a point where 1 satoshi would be approaching a cent.