Bitcoin Forum

When people new to Bitcoin talk to me about the 21M limit in BTC, I normally explain how it can be divided up to 8 decimal places, so the real limit is much hight than 21M.

However it would be nice to just say exactly what the limit is when compared to USD.

1 USD is divided in 1000 subunits (Mills - used in financial transactions), so it would be logical to also keep 1000 subunits and refer to a total limit of 2,100,000,000,000.000 <unit>

The problem is that I can't find anywhere the unit name (<unit>) to be used in this case. Anyone?

Edit: And please no kSatoshi-style answers please  ;D

Oh lord, another unit naming thread that will lead to nothing but give us lots of silly names  - when will this ever end ;)

0.00001 BTC has a name - 0.00001 BTC

there is none for that , you would use 10 microbitcoin
https://en.bitcoin.it/wiki/Units ;)

Fuck you, for trying to end this  :P

Now...  We shall call it:

-Edward Snowden
-Nut
-Obama Mama
-Hit

These are the only logical choices in my opinion.

Hello to you too. Just giving my opinion, same as you.

No harm intended ;)

Cool. No harm done ;)

It's called 10 microbitcoins.

Metric system is well established.

How do you type 10 microbitcoins into a calculator?

kilo satoshis aka ks  ;D

dolaroshi?  :D
centoshi?

I guess the answer is: there isn't one!

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss')  ;D

1 KSS = 0.00001 BTC

Given the current BTC/USD price of $949.35, it means 1 KSS is worth $0.0094935

So next time someone new to Bitcoin raises the issue of limited supply and inflated price I will compare apples to apples (or dollars to kisses ;D) and point at the fact that there will be 2.1 trillion KSS (nearly double of total USD) in circulation and that currently 1 KSS is worth less than a US cent.

Today you're not just buying 1 BTC for $949.35, you're buying 100,000 KSS, and a $4 coffee costs 421.340 KSS.

Now tell me that we don't need a damn unit name for a KSS!  :P

Probably the worse name to date, KSS, whatever next ....

Sounds great to me.

1 sat = 1 exp -8 BTC = 1 satoshi
10 sat = 1 exp -7 BTC = 1 big satoshi (or 1 nakamoto)
100 sat = 1 exp -6 BTC = 1/10 kiss = little kiss
1000 sat = 1 exp -5 BTC= 1 ksat = 1 kilo satoshi = 1 kiss
10,000 sat = 1 exp -4 BTC = 10 kiss = big kiss
100,000 sat = 1 exp -3 BTC = 100 kiss = 1/10 smack = little smack (~ buck today)
1,000,000 sat = 1 exp -2 BTC = 1000 kiss = mega kiss = smack
10,000,000 sat = 1 exp -1 BTC = 10 smack = big smack
100,000,000 sat = 1 BTC = 1 full blow (uko or ~ grand today)

I did say (emphasis added now) :


And at the end:


The point of my post was not really to suggest KSS as a name. It was to ask if a name existed and if not, then why it is badly needed, because it's the unit that is equivalent with USD in terms of subunits (both with 1000 subunits). I could have written XXX instead of KSS. So let me rephrase it in those terms:


The community needs to:

• work out a name for XXX
• stop talking about a 21 million BTC limit
• start talking about a 2.1 trillion XXX limit
• stop talking about 1 BTC being valued at hundreds of US dollars
• start talking about 1 XXX being valued at a fraction of a US dollar

Looking forward to enlightened rebuttals.

Let's call the little ones "P Diddy's"

I think we have enough units as of now but if you insist I think we can name it K.satoshi  :P or maybe thousand satoshi's.

I vote for 0.00001 BTC to be named a Miku.

Of course the person running the poll doesn't "insist". He has no authority in the community. This poll will be forgotten the day after its closes.

And the Litecoin counterpart "Bo Diddley".

Firstly, this thread isn't a poll, and it has no closing day.

Secondly, I'd like to think that my lack of authority in this forum/community does not detract in any way from the logic of my argument.

My argument is here, and it will stay here. It may be forgotten tomorrow, but it might also be revived in the future, such is the wonder of web-search (http://google.com/search?q=bitcoin+%220.00001%22+unit+name).
After all this forum is no stranger to the revival of 2-year old threads (http://bitcointalk.org/index.php?topic=7914.msg3744790#msg3744790)!

If the community ever decides to name all these units, it won't be done through some random thread from a noob - sorry, its not going to happen that way.

I couldn't care less in which way it happens, as long as it happens eventually.

The funny thing about you calling me a noob is that I probably started using Bitcoin a couple of years before you did (received my first 0.02 BTC (http://blockchain.info/address/1Pm9ZsPVdSSJCHoFFVXqsdUhV16pPoj4V3) in May 2011 to be exact, so feel free to correct me if I'm wrong). I don't consider myself an expert in Bitcoin (altough I have already been called (http://meetup.com/Bitcoin-HK/members/257203/) one), but I also don't consider myself a noob. You should not judge a person by their forum registration date or number of posts.

to end this I went in my time m/c into the future and its called a "federation credit".

Carry on, making up names that nobody will use. Knock yourself out :)