Post
Topic
Board Bitcoin Discussion
Re: What should 100 Satoshis be called?
by
frente
on 03/05/2014, 14:01:28 UTC
There is no way in hell you are going to get the whole network to simultaneously re-define a bitcoin. Dumbest idea I've heard in a while.

It doesn't have to be simultaneously if we introduce a new name/symbol equal in value to current bitcoin (100M satoshis). We can call it megabit, megabitcoin (MBTC), ZIB or something else.

In a few months, we can switch completely to (redefined) bitcoin and drop or leave the name for 1M units.

No problems at all.