Cryptocurrency Q&A
How much was 2 bits in 1918?
How much was 2 bits in 1918?
Giuseppe
Tue Dec 24 2024
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7
answers
1742
I'm trying to figure out the value of 2 bits in 1918. I know that 'bits' is an old term for money, but I'm not sure how it converts to modern currency or even what it was worth back then.
7 answers
Lorenzo
Thu Dec 26 2024
The term "two bits" originated from the value of twenty-five cents.
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Daniela
Thu Dec 26 2024
This denomination represented a quarter of a Spanish dollar.
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Michele
Thu Dec 26 2024
In the absence of a one-bit coin, people had to rely on other denominations.
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Daniela
Thu Dec 26 2024
A dime, which is worth 10 cents, was informally referred to as a short bit.
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DaeguDivaDanceQueenElegance
Wed Dec 25 2024
This nickname arose due to its proximity to the value of one bit, albeit slightly less.
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