Post
Topic
Board Bitcoin Discussion
Re: proposal for currency symbol for 'bits' (=1/1000000 BTC)
by
e4xit
on 16/09/2014, 13:47:27 UTC
...snip...
You are trying to pin down a moving target and give a permanent symbol to a temporary slang name.  It seems rather silly.

Sure, right now some people (including yourself) have decided that micro-bitcoins (aka "bits") "will be the basic denomination coded into many systems, with satoshi 'cents'", but this is only because that makes sense for the current scale.  If a few years from now (or 5, or ten years from now), the value of bitcoins grows to the point where you can buy what today would be thought of as a $300,000 house for 3 "bits", then the scale will have moved and nobody will be see "bits" as "fundamental, in that it will likely be the predominant usage down the line".  They'll simply move to a new slang name for a new scale.
...snip...

Danny, you say below that you like using Mikes, micro etc.

So what will be your slang for when 3 bits=$300,000 (your own example)? Will you just continue on to nano/pico...

Actually, a nano-bit doesn't sound half bad, perhaps we should just jump right to that?

Also, I can tell that your name is not Mike!