Mirror trading international Mirror trading international - Contrary to popular belief you can buy small amounts of Bitcoin which are called Bits or Satoshis. A satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin. Bitcoins can be split into smaller units to ease and facilitate smaller transactions. The satoshi was named after the founder, or founders, of bitcoin, known as Satoshi Nakamoto. Bitcoin itself is 10 years old, and that is almost half the lifespan of the average currency which lasts approximately 27 years, according to a recent article The rise and fall of fiat currencies. The article references a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other ou...
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