TheMotorcycleBoy wrote:Urbandreamer wrote:GoSeigen wrote:
You don't. It's useless for making purchases.
GS
Did you try a web search? You can trade fractions of a btc. Each bitcoin is divided into, apparently, 100 million units. A bit like pounds are divided into penny's. Only in this case somewhat less than a penny.
https://btcgeek.com/buy-fractions-bitcoin/
Ah ha! But the devil is in the details.
Is a single satoshi really a discrete unit in the original protocol or is it a unit one now holds with an organisation e.g. Coinbase who are *always* destined to be the bicoin address?
This is an important point, if it is the latter, then ones satoshi is no longer entirely decentralised (coinbase are ones central bank so to speak), furthermore all it takes is one crook at coinbase and ones sats have all gone missing.
Matt
You can send your BTC from coinbase's wallet to your own personal wallet if you wish.
A bit like if you don't like holding your shares in shared nominee format, you can dematerialise it into a certificate in your own name.