Post
Topic
Board Bitcoin Discussion
Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE
by
BurtW
on 02/05/2014, 22:40:09 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 call bitcoins coins. So there is no such thing as a 'bitcoin' currency unit, only the satoshis, bits and coins ... (side benefit "Bitcoin" can then refer solely to the transaction network.
That would clear up three messes in just one thread!