Bitcoin Forum

I've been seeing a lot of discussion about smaller units of BTC, so I decided to make a poll to see what the consensus is, if there is one, about the name of the smallest unit possible with the current software.

If Bitcoin grows to become widespread, we need a very easy, comfortable name - nothing techy like "uBTcents". Bleh.

I think something like "minicoins" would be perfect. Your Starbucks latte will cost perhaps 15 minicoins.

10^-8
ten to the negative 8th power
ten to the neg eight
neg eight
negate
"Gimme those negates"
hmm, nuggets?
"Eighteen nuggets for a beer? Outrageous"

.001 is a millicoin (millie)
.000001 is a microcoin (mike)
.00000001 is a nugget

I like.

1e-8 BTC = 10 nanocoins.

Stick with SI prefixes.

10^-9 is nano

So the smallest (current) unit would be 10 nano(bit)coins.


Edit: It seems helloworld posted the same thing, but more quickly. I agree with him.

It's a satoshi, deal with it.  Just like officially in the US the $0.01 coin is technically called a cent, but many people refer to it as a penny.  The United States has NEVER minted pennies but people still call them that.  So ok, technically it's 10 nanocoins, but realistically people will be saying SAT, or satoshi.  People can tear their hair about what it's officially called, but there are already euphemisms floating around that can't realistically be revoked.

0.01btc is either 1 bitcent or 10 bitmill, no matter what you tell me, and 0.00054026btc is 54,026 SAT, or perhaps rounded to 0.54btm.

As I described in this post (https://bitcointalk.org/index.php?topic=27663.msg350264#msg350264), using nano have it's implications.

Everyone used to see portraits of leaders on money. Why shouldn't we have personality attached to bitcoin as well?
Vote for Satoshi!

I too think that using SI is the way to go. 10 nano it is.

Not the US, but remember there was a time before the US.  8)

The word Dollar comes from the Thaler (http://en.wikipedia.org/wiki/Thaler), and the word Penny from the Pfennig (http://en.wikipedia.org/wiki/Pfennig).

My candidates.

Poorcoins
want-me-some-mo-coins
grubcoins
invisicoins
badcoins
nigcoins
derka-derka-coins
pesos

I think it should be left as it is,
bitcoin should be a global reserve currency where each coin is worth billions of dollars  ;D

Then everybody else can use other chain blocks of unit sizes for everyday use, where 1 bitcoin would be worth millions of other crypto currency units.

Basically a bitcoin is big gold bar, and all the other crypto currencies should be small silver coins.

How about the "Teetominnie" ?


Thought process: 10^-8, Ten2theminusEight, T2-E Teetominnie

 ;D

Take me to your dealer ;)

What's "tentominuseleven" then?! ::)

Currently "Satoshi" is widespread...

What's far more important imho is to shift the decimal point by 3 or 6 digits to the right. 1 single Bitcoin being worth as much as ~ a meal at McDonalds is psychologically not intelligent.

There's a reason why you can buy hundreds or even thousands of Nintendo/X-Box/... "points" even if all prices there could be divided by 10 or 100 without any problems. While handling money, many people don't like decimal places and are especially NOT able to grasp the concept of a third relevant decimal place! (0.001 BTC = ~1 US cent!)

It is just an implementation detail of the current software that will change eventually. You can call it "Satoshi" to honor the author, but please simply use SI units officially. 1e-8 is 10 nanobitcoin (nBTC). Nanobitcoins won't be useful in the forseeable future, though.

I've used the SI convention in the Qt (experimental) UI by supporting entry and showing amounts in mBTC (1e-3) and μBTC (1e-6). So people like Sukrim that like to see large numbers can simply change a config option :)

If bitcoing goes widespread then 1 bitcoin should be renamed unobtainium  ;D

There's no need for a name yet. Let's discuss about it when the $/BTC ratio reaches 1,000 USD.
And when the ratio reaches 1 million, the 1e-8 will be 1 USD cent ($0.01).

Check this out:

The Thaler (or Taler or Talir) was a silver coin used throughout Europe for almost four hundred years. Thal is German for "valley". A "thaler" is a person or a thing "from the valley".

California (ie Silicon Valley) has the largest GDP of any state. The biggest source of US GDP is "from the valley".  8)

US Dollar.

ZING!

This is indivisible precision, right? How about bitatom? or qubitcoin (quantized bitcoin)?

There is no such thing as an indivisible number.

Currently Bitcoins are divisible up to 8 decimal places. This is pure convention though and can be changed.

True, afaik SI doesn't have special name for 1e-8. So I think Satoshi is a good name for this unit. 1 satoshi = 10 nBtc.