Quote from: harrymmmm on May 22, 2014, 04:17:56 AM

Quote from: dillpicklechips on May 22, 2014, 01:09:24 AM

Quote from: DrBitcoin on May 22, 2014, 12:54:14 AM

I love bits. Clean and simple.
I hate that there are 1 million bits in a Bitcoin. That makes no sense.

A bit should be the lowest possible value. So there are 100 million bits in a Bitcoin.
Get rid of a Satoshi...it served its purpose but we need to move forward if Bitcoin is to go mainstream.

Then...we just need something that would represent 100 bits that is as clean and simple as bits and Bitcoin.

Something like:

1 BTC = 1million bites = 100million bits

The rational is allowing Bitcoin to operate on most financial software without too much fixing. They almost assume a decimal with two places for currency. Satoshis are the cents or after the decimal. 100 satoshi in a whole unit they call "bit"

I wish the 'bit = micro' proponents would stop conflating the arguments about 2 decimal places and the 'bit' name
Noone is arguing that two decimal places is a reasonable idea.
The argument is about what to call a microbitcoin, and that calling it a 'bit' is confusing everyone.
Call it a micro and be done with it.

On a side note, you can't have bits be the smallest unit and then call a larger unit a microbit. People would have to say "microbitcoin" every time. I guess they could say "micro", but that doesn't go with the bits/bitcoin naming scheme.

100,000,000 bits = 1,000,000 X = 1BTC

Solve X and you've solved the problem