Damus
Logen profile picture
Logen
@Logen
I would like to personally thank @John Carvalho for helping me learn that:
1. Bitcoin is specifically an integer based system, that’s how the “21 Million” code is enforced

2. Millisats don’t exist they are a result of lightning using percentages of channel balances.

3. There is no decimal point
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BtcPins · 51w
More people need to realize this. They think they can just "move the decimal" when Bitcoin becomes expensive to use on-chain. They need to understand that doing that is increasing the supply of Bitcoin units and is a huge fucking deal.
puzzles · 51w
Yes bitcoin is an integer based system but right now there is a decimal point. If there was no decimal point 1 bitcoin would be equal to what is currently called 1 satoshi. Have you read Carvalho’s BIP? Carvalho’s proposal shifts the decimal point for display purposes without creating new units ...
waxwing · 51w
It seems like you are misunderstanding something. There are two different issues: integers vs decimal points and size of measuring unit. To illustrate, suppose there were 21 billion and not 21 million bitcoin "units" in Bitcoin. Still all integers, decimal points don't come into it. If we today conv...