Post
Topic
Board Bitcoin Discussion
Re: Name the 0.0001 BTC unit - 1st POLL
by
x86Daddy
on 07/01/2014, 05:14:50 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.

I like this, but the amounts wouldn't make sense to people in terms of most transactions, buying a coffee would cost 100 bits ?
(emphasis mine) That must be a good coffee, at around $10 USD, but check this out, a cheap cup of coffee, around $1 USD, costs around 100 Japanese Yen.  People can be cool with that.