Post
Topic
Board Bitcoin Discussion
Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE
by
marcus_of_augustus
on 02/05/2014, 22:37:42 UTC
So

100 satoshis = 1 bit

and

1 million bits = 1 bitcoin?


am i right?

I should have made it clearer like this ... implication is to abbreviate bitcoins to coins. So there is no such thing as a 'bitcoin' currency unit, only the satoshis, bits and coins ... (side benefit disambiguation "Bitcoin" then solely refers to the transaction network).