It's not a proposal, It's already in the Bitcoin Core client. No screaming necessary!! Honestly, BurtW I have Zero confidence in any member with a Post count as high as yours. Not that all are deceitful, just that those quick to jump and defend a ludicrous and damaging proposal given by other members with high post counts tend to lose credibilty. If you are on this forum, I would assume you are knowledgeable of the bitcoin environment. Having said that, to hear an agreement on such an idea from you and other high post personalities leads me to feeling you are in on it. You know this idea is wrong for the user, yet you approve of it!!
The name of the values are not as important as the usage for said values. That's to take 100 satoshi's for every so called "Bit".
Being in the bitcoin space for sometime has shown me that anyone looking to make a name for themselves are likely to be corrupted, but in the end bitcoin is for the people, Can't corrupt truth. Stand by for heavy losses!!
I do not understand your concern. I have been here for a very long time and for as long as I can remember there has always been 100,000,000 "satoshis" in one "bitcoin". This is common knowledge and is used commonly within the Bitcoin community and has been for many years. In other words 0.00000001 (one one hundred millionth of one) BTC is commonly know as and is called one satoshi. Is this the definition that you are having a problem with?
Also, by definition there are 1,000,000 microbitcoins in one bitcoin. This is how the SI units work worldwide. In other words 0.000001 BTC is, by the definition of SI units, 1 microbitcoin.
By basic math, since there are 1,000,000 microbitcoins in one bitcoin and there are 100,000,000 satoshis in one bitcoin there are 100,000,000 / 1,000,000 = 100 satoshis in one microbitcoin. This is not really new or news.
The
only thing new in this proposal is to call 1 microbitcoin "1 bit" as a shorthand.
Why does this upset you so much?