Clint Quint on Nostr: GM! I’ve been pondering what would happen if #bitcoin one day hit a price of ...
GM! I’ve been pondering what would happen if #bitcoin one day hit a price of >USD10M per coin. Once it gets past this point there would be fewer #sats per dollar than cents.
My understanding is that sats are the smallest unit on-chain but if we got to this point I’m sure a cent would be near worthless anyway.
I’d also assume that most transactions would take place over #Lightning or equivalent.
Anyway, my question is — does Lightning allow fractions of a Satoshi?
I’m sure a quick search would tell me but I’ve written this now, so…
#gm #asknostr #askbitcoin
My understanding is that sats are the smallest unit on-chain but if we got to this point I’m sure a cent would be near worthless anyway.
I’d also assume that most transactions would take place over #Lightning or equivalent.
Anyway, my question is — does Lightning allow fractions of a Satoshi?
I’m sure a quick search would tell me but I’ve written this now, so…
#gm #asknostr #askbitcoin