Why was it necessary to make coins in the form of fractions in Bitcoin?

Question

Cryptography

Why was it necessary to make coins in the form of fractions?
Now the view is like this: 0.00000005, 0.00000050, 0.00000500, etc.
Why it was impossible to make coins in the whole form: 5, 50, 500?

Answer 1

What's the difference?

Answer 2

Deflation

Answer 3

I would answer the question like this - they crush it, because they can.

Answer 4

@mrdubz Then another question: why didn't they inflate Bitcoin? at least a small one. After all, it has a positive effect. I understand that due to the fact that the number of coins is limited? It would be possible to remove this restriction and make inflation.

Answer 5

Inflation, in principle, is a thing that is not tied to a currency, it is a characteristic that is tied to a product. It is impossible to "make" inflation - this is a property of the economy. Like deflation, by the way, here I disagree with the previous speaker.

Answer 6

The fact is that "0.00000005, 0.00000050, 0.00000500" are not coins, but only a fractional part of one bitcoin, for which, by the way, there is also no coin of 1 bitcoin. And they take such small parts for payment due to the fact that 1 bitcoin is already (yes, deflation, bitcoin is growing) quite a lot of evergreens, so you have to split it up a lot to handle small amounts.

Answer 7

And, yes, I’ll insert another 0.00001 bitcoin.
Inflation also makes sense in relation to the national currency, that is, it is tied to a certain country. And bitcoin is not a national currency.

Answer 8

The amount of bitcoin is limited, how do you propose to fight deflation?
Use not BTC, but shares:

At the moment, there is a lot of discussion about the names of bitcoin shares. The main candidates are:
1 BTC = 1 bitcoin
0.01 BTC = 1 cBTC = 1 cento-bitcoin (also known as bitcent)
0.001 BTC = 1 mBTC = 1 milli-bitcoin (also called mbit (pronounced "ambit") or millibit)
0.000 001 BTC = 1 µBTC = 1 micro bitcoin (also called jubit or microbit)
The abbreviations described above are the accepted SI abbreviations for thousandths, millionths and billionths. There are many arguments against the 0.01 BTC special case, as it is unlikely to represent anything significant while the Bitcoin economy is in the growth stage (and it certainly does not equal 0.01 dollars or euros). Also, don't call 0.01 BTC a cent, a pence, or a penny. This is the world currency. The only exception is Satoshi, the smallest unit of bitcoin at the moment.
0.000 000 01 BTC = 1 satoshi
in honor of Satoshi Nakamoto, the pseudonym of the inventor of bitcoin.

Answer 9

I would call this situation speculation 8)

Answer 10

In principle, it would be possible to make huge sums at the beginning - let's say, multiply all the numbers of bitcoins by 1,000,000,000.
But then there would be a reverse problem with the bitcoin rate now. The exchange rate of bitcoin against the dollar would be like that of the Belarusian ruble.
For us, the most expensive is the land near Moscow. Still 3 million per hundred. How the dollar exchange rate in Belarus (KVN, Fiztekh)

Answer 11

The issue of bitcoins is programmatically limited, the maximum number of coins will be about 21 million, there will not be enough for everyone, it is necessary to somehow divide.