Post
Topic
Board Bitcoin Discussion
Re: Name the 0.0001 BTC unit - 1st POLL
by
x86Daddy
on 07/01/2014, 05:00:19 UTC
Bitcoin/Bit/Satoshi is the way to go. Each range of 4 decimal places will cover 10,000 units, which is easy to remember, and the names are easy to say. And look at this beautiful little thing below. You can express this whole naming scheme in two lines!

1 Bitcoin = 10,000 Bits
1 Bit = 10,000 Satoshis

Simplicity. Marketability. Roll-off-the-tongue-ness.
That really sums up the utility of using this particular break (0.0001 BTC), and bits is just the simplest, most useful sounding term for it... it even was once used to specify US currency at almost the current value (12.5 cents, right?)  This should be the quick intro, and for anyone wanting the long justification, hit the old reddit thread about it: http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/