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Answer: Possible failure scenarios


BobWay
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On 3/19/2019 at 7:42 PM, BobWay said:

When measured in "drops" vs "satoshis" there are roughly the same amount of smallest increments or XRP as there are of BTC. The only difference is where people chose to put the decimal place.

I got a question on how accurate the above statement was so I'm posting the answer I gave here so all can see.

Quote

I always thought of XRP as a suitcase full of 1,000,000 drops and a Bitcoin as a suitcase full of 100,000,000 satoshis.

In this case, the overall core units for Ripple system must be 100,000,000,000 XRP multiplied by 1,000,000 drops and the overall core units for Bitcoin system must be 21,000,000 bitcoins multiplied by 100,000,000 satoshis. Both results are apparently different or I am not thinking clearly here?!?

They are different, I wrote about why 100B XRP was chosen somewhere. But really to a computer person they are 64 bit integers underneath which are both the same size.

  •      21,000,000.000,000,00 = 50 bits used
  • 100,000,000,000.000,000 = 55 bits used

Switch the decimal to a comma and there really isn't that much difference in quantity. Satoshi just chose not to use as many bits as Ripple did. But in the end it's only about 2 bits different.

  • There are 4,761.0       times as many XRP as BTC.
  • There are      47.61     times as many drops as satoshis.

With numbers of that scale, it is hardly worth arguing over.

Edited by BobWay
Changed BTC from 9 decimal places to 8 decimal places
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