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0 pointsjoezydeco13y ago0 comments

The supply of Bitcoin is ridiculously tiny. Only 11,000,000 in total are in circulation today, let alone available for purchase on the market.

Bitcoins can be divided to 8 decimal places at the moment (it could be expanded). So instead of 1.1e7 units, isn't it 1.1e15 units?

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wmf13y ago

Yes, but the exchange rate is quoted in BTC.

So? Everyone knows how to do the necessary math.

One Japanese Yen currently costs $0.0104715 USD. The price fluctuates down into the lower decimals. People deal with this every day.

j / k navigate · click thread line to collapse

0 pointsjoezydeco13y ago0 comments

The supply of Bitcoin is ridiculously tiny. Only 11,000,000 in total are in circulation today, let alone available for purchase on the market.

Bitcoins can be divided to 8 decimal places at the moment (it could be expanded). So instead of 1.1e7 units, isn't it 1.1e15 units?

wmf13y ago

Yes, but the exchange rate is quoted in BTC.

So? Everyone knows how to do the necessary math.

One Japanese Yen currently costs $0.0104715 USD. The price fluctuates down into the lower decimals. People deal with this every day.

j / k navigate · click thread line to collapse