Post
Topic
Board Bitcoin Discussion
Re: Could the need of Bitcoin being more divisible lead to a hard fork?
by
PrivacyG
on 26/12/2022, 13:17:28 UTC
That's where second layer solutions come in to play. No one is going to pay 100 sats to move 1, but would likely have no problems spending 100 sats to open a channel which could move 1 sat over and over again, thousands or even tens of thousands of times.
Hope this is not a stupid idea, but.

Say the scenario of Bitcoin uprising to $100,000,000 somehow turns into reality.  Is it possible to create a second layer on top of Bitcoin or a third layer on top of the second to allow payments under 1 satoshi and only return to layer 2 or 1 if you own exact amounts of Satoshi's with no decimals?

So if I have 100 Satoshi's and I give you 0.1 through this third layer, I have 99.9 left.  Now I can only go back to layer one with 99 Satoshi's and will need 0.1 more if I want to send the remaining.  Bitcoin continues to have only 8 decimals but this layer allows micro payments.  Something like how faucet payments work.  You accumulate enough until you can 'withdraw' part of it to a previous layer.

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Regards,
PrivacyG