Post
Topic
Board Economics
Re: WHY 21 MILLION BITCOIN CANNOT SERVE THE WHOLE WORLD
by
deisik
on 24/08/2019, 13:14:13 UTC
[snip]

I'd go for mBTC. Satoshi is having very low value now and I don't want it to become the unit in which the prices are denominated. But we need to create a name for mBTC, just like we have Satoshi. And we need to create a unique, short name. There have been proposals to rename mBTC as BitCent and BitPenny, but I don't like those names. Let's have something unique.
Guys why some of you are eager to change how we call bitcoin? Is really a big deal and an important thing to discussed with? Actually, for me, "bitcoin (btc)" was already okay enough. For me it doesn't really matter since converting of units are not so hard to do so Grin

This is not the first time this question is raised

If you look through topics created 4-5 years ago, you will find quite a few suggesting to divide Bitcoin further (as if it could help its price), as well as discussing different names for different subunits of a whole bitcoin. Does it make any sense? I guess not much as the lowest sensible denomination would still be defined and determined by the amount of fees required to confirm a Bitcoin payment within a reasonable timeframe. And that, as of now, is about a few thousand satoshi, which turns the whole idea into an exercise in stupidity and futility