Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Unit Colour Chart
by
cloon
on 12/07/2011, 11:48:48 UTC
We have to be correct:
0.01 BTC = 1 cBTC (don't thik that this is really nessesary
0.001 BTC = 1 mBTC
0.000'001 BTC = 1 μBTC
0.000'000'01 BTC = 1 Satoshi

like this, alle definitions are correct.

The Satoshi is a stupid unit.  Make them all nano in that range. There's no need to break up the standard greek prefixes.

I was thinking why start with 3 decimal places?  Most, if not all, currencies go to the 2nd decimal place, which represents 1/100th of the whole.  The idea of 1/1,000th is foreign to everyday people/cultures.

I propose the following schema, which takes care of the Satoshi breaking the pattern.

9.87654321

9 BTC
87 centibits
654 microbits
321 satoshibits

This example is unlogical because there misses 1 position before microbits. so the definition is wron and if a stupid mainstream person uses this he fails.
IMO the cBTC doesnt need a own colorcode.