'Satoshi' is the term for the smallest unit of Bitcoins.

learn more… | top users | synonyms

4
votes
3answers
147 views

How to store Bitcoin values in a MySQL database? floats are bad… right?

What should I be using to store the values of a wallet in a MySQL database? Apparently floats are too imprecise to be storing Bitcoins, especially down to the satoshi. So what should I be using? ...
2
votes
1answer
126 views

Why do my transactions show I received 1 satoshi?

My Multi-Bit client shows 1 satoshi sent to me in my receiving transactions, with 1 confirmation only. The receiving address is quite old too. Why is that showing up when I didn't send myself anything ...
0
votes
3answers
79 views

Can each Bitcoin and Satoshi be uniquely identified?

I'm pretty sure I've read somewhere that BitCoins have an "address", so they can be uniquely identified. What I want to know is: Does each Satoshi have it's own unique identity? How is the identity ...
1
vote
1answer
48 views

Is it possible to spend outputs with very small amounts?

I'm a Bitcoin newbie and this is rather theoretical question based on this discussion's accepted answer: transaction creation failed So does it essentially mean that in case if my wallet is ...
1
vote
1answer
788 views

Which wallets belongs to Satoshi Nakamoto?

I am curious to know which wallets belongs to Satoshi Nakamoto? I heard that BTC in them never moved.
1
vote
1answer
128 views

Can free bitcoins from faucets be actually spent?

Suppose that I have a wallet with 0.001 bitcoins, from dozens of micro transactions (6000 satoshi in average). That means if I want to spend them, it must be concatenated and the transaction fee would ...
1
vote
0answers
75 views

Who has named 10e-8 BTC “Satoshi”?

When and where did the term come up for the first time? Did Satoshi Nakamoto comment on the naming?
1
vote
1answer
485 views

Naming convention: MilliBit or Millibitcoins (mBTC), microbitcoin or Mikrobitcoins (μBTC)?

I heard about many use: Bitcents, Bitmills (or Bitmilles) 1.02 - One bitcoin and two bitcents 0.001 - One millibitcoin (nickname "one Millie") 0.000001 - One microbitcoin (nickname "one Mike") ...
7
votes
1answer
531 views

Is it possible to send one satoshi to every bitcoin address?

As a random whim, I want to see if it's possible to send one satoshi to every bitcoin address that's ever been used. How much would that be? I'm betting the transaction fee would be a lot more, ...
4
votes
1answer
363 views

Does it make sense to “collect” smaller transactions balances into a single account during low activity?

My understanding is that it's possible for extra bitcoins to be left in several accounts within my wallet. The scattering of these coins into different accounts may cause future transactions to ...
4
votes
3answers
338 views

Alternative uses for last five decimal places of an individual Bitcoin (0.000xxxxx)

At the current conversion rates only the first three decimal points of an individual Bitcoin can be exchanged for a USD equivalent. e.g. 0.002 BTC equals 2 USD cents. That opens up possibilities for ...
12
votes
4answers
5k views

What will happen to mining after the 20 999 999th Bitcoin?

After the 21 millionth bitcoin or 20 999 999th bitcoin is mined, what will happen to bitcoin mining? - will it just stop, or will we make a further division of the satoshi thanks to Bitcoin's infinite ...
8
votes
1answer
546 views

Is there a reason SatoshiDice & BitLotto use 0.00543210 BTC, and not 1 satoshi, to customize pay-to addresses?

SatoshiDice and BitLotto allow players to customize where winnings are sent by including an extra 0.00543210 BTC payment to the desired address as part of the entry transaction. Is there a technical ...
8
votes
2answers
4k views

Why can we have small fractions of a Bitcoin?

I didn't study the inner workings of Bitcoin (yet), but already since when I just started using it, I wondered why a Bitcoin can be split up in parts. Because there is a limit on the amount of Bitcoin ...
3
votes
2answers
772 views

Did Satoshi object to embedding data in the block chain? Why?

From this post: Our beloved Satoshi is on record that he doesn’t think it appropriate to embed data willy-nilly in the block-chain Is this claim true? If so, why did he object? I don't think ...
5
votes
1answer
2k views

Has anyone tried transfering 0.00000001 BTC (the currently minimum amount) successfully?

I did an experiment of withdrawing 0.00000001 BTC from MtGox. And this transaction still cannot be seen on http://blockexplorer.com/ after about an hour. Concern solved, thank you everybody! ...
8
votes
3answers
1k views

Will we ever need smaller amounts of Bitcoin than a Satoshi?

See also What is a Satoshi Will there ever be a need to create a unit of Bitcoin smaller than a Satoshi?
52
votes
4answers
51k views

What is a 'Satoshi'?

I am aware that Satoshi Nakamoto is the author of the paper that originated Bitcoin and the creator of the original bitcoin client. However, I often hear the term Satoshi as if it was a monetary unit. ...