Post
Topic
Board Bitcoin Discussion
Re: A New Way to Think About Currency: The "Unit" Concept
by
Apocollapse
on 21/06/2024, 04:56:41 UTC
Instead of saying "100 dollars," we would say "100 units."
Instead of "£100," we would say "100 units in UK currency."
For Bitcoin, instead of "0.003 BTC," we might say "100 units in Bitcoin."
Wait, what's the reason you can turn 0.003 BTC become 100 units? it doesn't make sense. But, if it's a typo which actually it should be 0.001 BTC, it's still make some confusion since 1 Bitcoin equal to 100 million satoshis.

It's better to treat "satoshi" is the unit in Bitcoin, so 100 units in Bitcoin should be 100 satoshis or 0.00000100 BTC.