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Title: A possible switch to satoshi as the commonly used bitcoin account unit Post by: Biodom on January 21, 2014, 12:55:44 AM I found it very interesting that Jeremy Allaire referred to satoshi as a bitcoin unit (2.1 quadrillions) instead of talking about 21 mil BTC.
http://www.youtube.com/watch?v=WMilJzD3pL0 I also find it psychologically important for many because they will be currently getting 100mil satoshis when they spend $800-900 instead of getting one unit for $800-900. There is a proposal in reddit to do just that: http://www.reddit.com/r/Bitcoin/comments/1r3xl1/a_proposal_skip_mbtc_and_switch_directly_to/ In the youtube video from DLD Both Barry and Jeremy referred to the 10-100 fold minimal appreciation of bitcoin in order to do large scale transactions and sales. Mister public cannot spend 10k-100K to get just one unit of account, but it will be OK in satoshis (at US $100K/BTC for each thou you will get million satoshis or thou satoshis for a buck). Title: Re: A possible switch to satoshi as the commonly used bitcoin account unit Post by: chessnut on January 21, 2014, 12:59:21 AM Yep, I think all those software writers out there need to do the responsible thing and develop only wallets that count in Satoshis. noobs needs to be able to have 10000 Satoshis in his wallet and feel good about it.
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