11/13/2023 0 Comments Two bits meaning money![]() ![]() The ease with which cut dollar pieces could be reproduced today from real Spanish dollars has relegated them to curiosity status for most numismatists. These were likely to have been parts of a dollar cut as described above. Įxiled Irish patriot Joseph Holt recorded in the early 1800’s that on offering a guinea for a bottle of rum, he was given in change “three small pieces of silver of a triangular shape, the value of which I did not know”. While occassional references to change being given in ‘small triangular pieces of silver’ are found in various records from the colony dated in the 1790’s and into the early 1800’s, these pieces played only a miniscule role as a medium of exchange. It makes for a good read, but as to the cutting - it seems that it happened enough to be documented as real, but not all that often: This is from a site about Australian colonial currency, which also used the Spanish dollar. Not saying it didn’t happen, but rarely done. This means that one byte can represent 256 (2 8) different states. ![]() Bytes, on the other hand, are used to express storage sizes. The bit rate refers to how many bits are transmitted per second. The word bit long meant, in England, any coin of a low denomination. The idea that the Spanish dollar sized 8 real was cut into pieces is a bit of a fantasy. Bits are primarily used to represent data use and transmission speeds of internet, telephone, and streaming services. Two bits is commonly understood in America to be one quarter. ![]()
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