Post
Topic
Board Bitcoin Discussion
Re: When quoting small amounts of bitcoin, how do you call 100 satoshis?
by
SomethingElse
on 26/10/2014, 10:56:58 UTC
So Satoshi is a good name for the smallest unit.  But we do need a good name for 100 Satoshi.  It seems like momentum is going for "bit" and and I am okay. 

We then know that 1,000,000 bits equals one bitcoin. 

We need to figure this out because someday hopefully a Satoshi will be worth 0.01 USD.  A bit will equal $1.  And a million bits will be a bitcoin, "the whole coin". 

To me though these names of "bit" and "Satoshi" are a nerdy and weak. It would be much better if the community came up with better names.  Some kind of rebranding. 

That would also draw more interesting into Bitcoin as it would spark discussion..