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    Author Topic: There are only 21 million bitcoins and they are divisible to 8 decimal places  (Read 2203 times)
    Astrohacker (OP)
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    July 25, 2011, 11:49:01 PM
     #1

    When I introduce people to bitcoin, some of them immediately assume they are worthless. They say things like, "oh, come on!" as though bitcoins are play money. Then I tell them that there are only 21 million, and then their attitude changes. Suddenly, bitcoins have value to them. Then they say things like, "so if I have just one bitcoin, when everybody uses them, I'll be rich."

    Another thing that comes up time and time again is that bitcoins are divisible down to 8 decimal places. When I tell people this, they say things like, "oh, I see. So they really could be a global currency."

    So once you explain the big picture facts about bitcoin to people, they often get it, and they realize that bitcoins have value.
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