Was there ever reasoning presented for the size of a satoshi (i.e., the minimum amount of bitcoin that can be transacted)?

Question

If not, what are the prevailing critiques and concerns of that design choice?

score 2 · Accepted Answer · edited Nov 25 '15 at 15:49

2

Like most of these internal choices in the Bitcoin system, it's not really explained by the author and can't be easily changed even if anybody had a strong objection to it. Internally all values are 64 bit integers, and just displayed to the user as value / 1e8.

The original wxBitcoin releases displayed two decimal places of precision.

edited Nov 25 '15 at 15:49

Pieter Wuille

105,497
9
194
308

answered Nov 25 '15 at 06:30

Claris

15,408
2
26
43

Was there ever reasoning presented for the size of a satoshi (i.e., the minimum amount of bitcoin that can be transacted)?

1 Answers1