Hey folks. The current price of Bitcoin is currently around $36,000. A Satoshi is not even worth a twentieth of a penny. We need something in between!!! Right?

Up to this point, purchasing a coin, or several coins, has been accessible to many people. However, as the price grows higher, the purchase of a single coin will become out of reach for an increasing portion of the population (even those that save well). I think some people will be unenthusiastic on having to spend thousands of dollars for like a twelfth of a coin. It's also just a pain to think about trades and things in terms of .0285 Bitcoin or something like that. I'm trying to encourage terminology that gets rid of so many places after the decimal.

With Bitcoin likely to go up in price, there should probably be a term given to the 5th place after the decimal (1000 Satoshis). With a coin around 36k this decimal place would be worth around $0.36 (and might be about a dollar later this year...)


0.00001 Bitcoin  =  1  ___________   =  1000 Satoshis

Ideas on what it should be called? Has anyone already proposed a similar idea?


All the best,
Ben