Post
Topic
Board Economics
Re: When to "move the decimal points" ?
by
superresistant
on 30/01/2014, 09:55:38 UTC
All true, but there remains the problem of a symbol that's already assigned to Bitcoin; BTC. The dollar, USD uses $ for each and every amount. It wouldn't make much sense to have two symbols for Bitcoin; the already famous BTC and another one for "Finney." Each price now and in the future is written in BTC. Do you want to change this?
BTW A cent is in fact a dollarcent; for me a cent is a Eurocent.

No need to add symbols. We already have the metric prefix from the International System of Units.

Name
Prefix
Factor
deciBTC
dBTC
10−1
centiBTC
cBTC
10−2
milliBTC  
mBTC
10−3
microBTC
μBTC
10−6
satoshi
??
10−8

We only need a new symbol for satoshis.