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     • In the US, the bit is equal to ¢, a designation which dates from the colonial period, when the most common unit of currency used was the Spanish dollar, also known as "piece of eight", which was worth 8 Spanish silver reales. $ or 1 silver real was 1 "bit".
     en.wikipedia.org/wiki/Bit_(money)

     Bit (money) - Wikipedia

2. People also ask

   What is a bit in US currency?

   • In the US, the bit is equal to ¢, a designation which dates from the colonial period, when the most common unit of currency used was the Spanish dollar, also known as "piece of eight", which was worth 8 Spanish silver reales. $ or 1 silver real was 1 "bit".

   Bit (money) - Wikipedia

   en.wikipedia.org/wiki/Bit_(money)

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   What is a bit coin?

   • The word bit is a colloquial expression referring to specific coins in various coinages throughout the world.

   Bit (money) - Wikipedia

   en.wikipedia.org/wiki/Bit_(money)

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   Why do we call our basic monetary unit “dollar”?

   • Do you know why we call our basic monetary unit “dollar” instead of something else? Two-bits, four-bits, six-bits, and eight-bits make reference to the eight-reales silver coin of New Spain and Mexico. It is also called a piece of eight and circulated in the English Colonies and freely in the USA following the Revolutionary War.

   History of Coins – TWO-BITS, FOUR-BITS, SIX-BITS, EIGHT… - CoinWeek

   coinweek.com/history-of-coins-two-bits-four-bits-six-bits-eight/

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   How much is a bitcoin worth?

   • In the early days Bitcoin traded for $1 per bitcoin; it peaked at around $20,000 (£15,400) in 2017 before plunging to around $3,000 (£2,300) then settling around $8,000 (£6,200). Like a share or a house, bitcoins are worth nothing more or less than what other people are prepared to pay for them.

   Bitcoin: What is it and how do you use it? - BBC Bitesize

   www.bbc.co.uk/bitesize/articles/zfsvy9q

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   How many bits are in a quarter?

   • Thus, one eighth of eight-reales became one bit, one quarter two-bits–the equivalent of our present day quarter-dollar. One-half is four-bits and three quarters are six-bits. Many believe these expressions to be slang, yet, history suggests they are perfectly good nomenclature.

   History of Coins – TWO-BITS, FOUR-BITS, SIX-BITS, EIGHT… - CoinWeek

   coinweek.com/history-of-coins-two-bits-four-bits-six-bits-eight/

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   Why was a bit a basic unit of Commerce?

   • The bit was the basic unit of commerce since prices were based on the bit. Of course, this was not a perfect solution. It was difficult to cut the quarter-dollars in half with great consistency which created problems when the bit was too small, called a short bit. Sometimes, goods or services would be adjusted to accommodate the short bit.

   Two bits, four bits, six bits, a dollar - Coin Collectors Blog

   coinsblog.ws/2016/10/two-bits-four-bits-six-bits-a-dollar.html

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3. en.wikipedia.org › wiki › Bit_(money)Bit (money) - Wikipedia

   en.wikipedia.org › wiki › Bit_(money)

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   In the US, the bit is equal to 12 + 1 ⁄ 2 ¢, a designation which dates from the colonial period, when the most common unit of currency used was the Spanish dollar, also known as "piece of eight", which was worth 8 Spanish silver reales.

4. coinweek.com › history-of-coins-two-bits-four-bitsHistory of Coins – TWO-BITS, FOUR-BITS, SIX-BITS, EIGHT…

   coinweek.com › history-of-coins-two-bits-four-bits

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   Aug 15, 2018 · Two-bits, four-bits, six-bits, and eight-bits make reference to the eight-reales silver coin of New Spain and Mexico. It is also called a piece of eight and circulated in the English Colonies...

   • Author: Coinweek

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6. coinmarketcap.com › currencies › bitcoinBitcoin price today, BTC to USD live price, marketcap and ...

   coinmarketcap.com › currencies › bitcoin

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   The live Bitcoin price today is $70,797.28 USD with a 24-hour trading volume of $39,681,472,632 USD. We update our BTC to USD price in real-time. Bitcoin is down 1.46% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $1,400,074,281,537 USD.

   • 4.9/5 (2)

   • [Bitcoin](https://coinmarketcap.com/alexandria/article/an-intro-to-bitcoin) is a decentralized [cryptocurrency](https://coinmarketcap.com/alexandri...
   • Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is b...
   • Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market. It has managed to create a g...
   • Bitcoin’s [total supply](https://coinmarketcap.com/alexandria/article/what-is-tokenomics) is limited by its software and will never exceed 21,000,0...
   • Bitcoin is secured with the [SHA-256 algorithm](https://coinmarketcap.com/alexandria/glossary/sha-256), which belongs to the SHA-2 family of hashin...
   • Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store...
   • A [hard fork](https://coinmarketcap.com/alexandria/glossary/hard-fork-blockchain) is a radical change to the protocol that makes previously invalid...
   • Taproot is a [soft fork](https://coinmarketcap.com/alexandria/glossary/soft-fork-blockchain) that bundles together BIP 340, 341 and 342 and aims to...
   • The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer wi...
   • A few years ago, the idea that a publicly traded company might hold Bitcoin on its balance sheets seemed highly laughable. The flagship cryptocurre...

7. www.coindesk.com › price › bitcoinBitcoin Price | BTC to USD Price Index and Live Chart - CoinDesk

   www.coindesk.com › price › bitcoin

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   The price of Bitcoin (BTC) is $69,488.34 USD today as of Nov 2, 2024, 12:38 am EDT, with a 24-hour trading volume of $49.14B USD.

8. www.bbc.co.uk › bitesize › articlesBitcoin: What is it and how do you use it? - BBC Bitesize

   www.bbc.co.uk › bitesize › articles

   What is Bitcoin and how does it work? Bitcoin is a form of digital money. This means it doesn’t have a physical form. Instead, units of digital currency are traded over a computer network...

9. coinsblog.ws › 2016 › 10Two bits, four bits, six bits, a dollar - Coin Collectors Blog

   coinsblog.ws › 2016 › 10

   • Cached

   Oct 25, 2016 · A milled dollar cut in half was a half-dollar. That half-dollar cut in half was a quarter-dollar and the quarter-dollar cut in half was called a bit. The bit was the basic unit of commerce since prices were based on the bit.

10. theuijunkie.com › quarter-two-bitsWhy Is A Quarter Called ‘Two Bits’? - I'm A Useless Info ...

    theuijunkie.com › quarter-two-bits

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    In the US, a bit is equal to 12 1 ⁄ 2 cents hence a quarter is called two bits. But have you ever wondered how come “bit” became a designation of money? Well, wonder no more because we have the answer. Here’s the story. Back in the early days of the US, there were many coins in use.