Post
Topic
Board Bitcoin Discussion
Re: When quoting small amounts of bitcoin, how do you call 100 satoshis?
by
KingOfTrolls
on 30/10/2014, 00:03:51 UTC
In your OP you state you want them to know how much they are receiving in bitcoin, so just display the amount in bitcoin.

"We have sent you 5 cents worth of bitcoin: BTC0.00014435"

Presumably they will be newbies, so KISS.

You are quite right, I need to keep it simple and stupid.
But using whole BTC isn't an option because the payouts would appear too tiny.
"oh point oh oh oh" isn't something that people want to have.

So I had to find a bitcoin unit which is universally understood and small enough to avoid the decimal point, and I ended up using satoshi.







But we do need a good name for 100 Satoshi.
There is only one reason the "bits" term is equivalent to 1µBTC: we need convenient a name for that much Bitcoin.

I disagree. Or at least: I'm not included in we.

My faucet is running since two weeks and payouts are quoted in satoshis.
I have received zero complaints, questions, or issues regarding the use of "satoshi".

I have a short explainer on my site which essentially says "100 million satoshis = 1 bitcoin". And that seems to do the trick.

Thus I have zero incentive to add any additional units to the system. I don't want to needlessly clutter up my website.
Actually, I'm rather worried that additional units could confuse newbies, for example, like this.