Cryptocurrency Q&A
How much is 2 bits worth in money?
How much is 2 bits worth in money?
Andrea
Sun Dec 01 2024
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5 answers
1072
I'm trying to figure out the monetary value of 2 bits. I'm not sure if it's a common expression or an actual measurement of currency, but I need to know how much it's worth in terms of money.
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5 answers
SunlitMystery
Mon Dec 02 2024
For instance, expressions like "two bits" and "six bits" were commonly used to denote monetary values of 25 cents and 75 cents respectively.
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Nicola
Mon Dec 02 2024
The term "two bits" is an outdated slang expression that represents a specific monetary value.
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Lucia
Mon Dec 02 2024
This slang term originates from the meaning of the word "bit," which historically referred to one eighth of a U.S. dollar.
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TaegeukChampionCourageousHeartWarrior
Mon Dec 02 2024
Specifically, one bit equals 12.5 cents, making it a fractional unit of currency.
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Valentina
Mon Dec 02 2024
Interestingly, when monetary amounts were counted in bits, they were only ever given in multiples of two.
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