I will repeat what I said earlier on this post. Satoshi or BIT is the only microbit. The world financial accounting system is irrelevant!!!. Have we forgotten that bitcoin is INFINITELY DIVISIBLE??? Sad thing is unfortunately the Dev's took it upon themselves to implement this Idea into the Bitcoin core QT. The bit is a SATOSHI and a satoshi is the micro!! Not this completely irrational idea to cut out the last two decimal places...My bad, you look to capitalize on the ignorance of the user. The satoshi is the micro or bit. Warning anyone spending bitcoins under these conditions are shorting themselves 100 satoshis for every one bit spent. (Your coffee will cost you 238 satoshis or 2.38 bits) It's a rip-off and as far as I'm concerned, those who promote it are scoundrels. Also, anyone who likes making appearances in public about bitcoin are scoundrels!! HODL until the satoshi is the unit in which we transact with. Fuck the rest. So says Satoshi!!!
P.S. Satoshi also created Litecoin and Namecoin. Anonymity is key
What are you screaming about? You must misunderstand the proposal in this thread, which is as follows:
1 satoshi = smallest unit, pretty much in general use today
= "bitcents" also makes some sense and may catch on and evolve back into cents (1/100th)
1 bit = 100 satoshi, eventually every day use, coffee, sandwiches, etc.
1 XBT = 1 bit, should be the official symbol on all exchanges, forex, etc.
1 BTC = 1000000 bits = kept for dealing with larger amounts, may fade
1 Bitcoin/bitcoin as a currency unit fades away
Bitcoin = the Bitcoin protocol
Notice that 1 microBitcoin =
100 satoshi = 1 bit = 1 XBT
I guess I do not understand your post.