Post
Topic
Board Bitcoin Discussion
Re: A proposed naming standard for a satoshi based economy
by
Predatron
on 01/03/2018, 02:41:52 UTC
what is your purpose to make such a name?

Right now, if I want to buy a coffee with bitcoin, the charge would be around 0.0004 BTC. This is not an amount people can easily grasp, nor is it simple from an accounting standpoint. A much better approach would be to denominate in satoshis, which would render a price of around 40,000 kilosats for my coffee. Its easier to comprehend a whole number.