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
Clint Quint /
npub1tu…ewh7q
2024-09-06 11:04:59
Author Public Key
npub1tux8qjxm8jmc5qvt9h9z4an37luger8z85ml435030n2jglkz7cs0ewh7qPublished at
2024-09-06 11:04:59Event JSON
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"content": "GM! I’ve been pondering what would happen if #bitcoin one day hit a price of \u003eUSD10M per coin. Once it gets past this point there would be fewer #sats per dollar than cents. \n\nMy 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. \n\nI’d also assume that most transactions would take place over #Lightning or equivalent. \n\nAnyway, my question is — does Lightning allow fractions of a Satoshi? \n\nI’m sure a quick search would tell me but I’ve written this now, so…\n\n#gm #asknostr #askbitcoin",
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