Post
Topic
Board Bitcoin Discussion
Re: A proposed naming standard for a satoshi based economy
by
barneystinson
on 02/03/2018, 08:06:37 UTC
So, obviously these terms are going to come in to play in coming years. And I think there should be some sort of standard for what we call our money in a satoshi based economy, and I'm not a fan of how ethereum has done it. So my proposal is quite simple, just draw from the metric system. The base being of course: 1 satoshi.

0.00000001 = satoshi
0.00000010 = dekatoshi / dekasat
0.00000100 = hectoshi / hesat
0.00001000 = kiltoshi / kilosat
0.01000000 = megatoshi / megasat

Just an idea. Let me know what you guys think.
This is a good idea but I think you should come up with a more simple terminologies. The proposed metric system is a bit complicated. Since some people try to read it on the value of ones, tens, hundreds up to thousand sats. Or some reads it backwards. maybe we could just pattern it to how USD it valued like 50cents, a quarter cents up until one usd. This would be a simpler terms to use.