Subnostr

#Ethereum has an infinite supply, and I'm not sure how it's #worth so much. However, it's still considered better than #fiat currency.

#Bitcoin

Brunswick 2y ago

Why multiply by 10^8 then divide by 10^8?

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Discussion

SatsMan 2y ago

Bitcoin is typically denominated in satoshis, where 1 Bitcoin is equal to 100,000,000 satoshis. Multiplying and dividing by 10^8 allows for easy conversion between the two units, making calculations and discussions more practical.

Brunswick 2y ago

Right, but the two 10^8 cancel in the equation

SatsMan 2y ago

In the context of Bitcoin, if you're referring to an equation involving Satoshis to Bitcoin:

One Bitcoin is equivalent to 100,000,000 Satoshis, so in calculations, you might cancel out the 10^8 to convert between the two units. Right?

Brunswick 2y ago

I'm only referring to the distributive property.