Post
Topic
Board Bitcoin Discussion
Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE
by
electerium
on 21/06/2014, 03:12:36 UTC
Ok 1 bitcoin @ current USD $585.00, you are losing $58.50 USD using this (.000001 or bit) idea, If you don't understand this, then may the force be with you.

This is flat out wrong and a lie.

Please enlighten me with an intellegent rebuttal. I'm sorry buddy, I know the truth hurts. We are not going away anytime soon!!

Dearest imbicile,


Read up on significant digits.

1 bitcoin= 1,000,000 bits

E.g.
585 bitcoins= 585,000,000 bits
0.585 bitcoin = 585,000 bits

You don't ever lose 10% because there is a mathematical and scientific property called significant digits.

Either you have 1,000,000 bits or you don't.