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Author Topic: Who started calling it a "satoshi"?  (Read 1144 times)
Peter Lambert (OP)
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September 15, 2013, 01:22:11 PM
 #1

Does anybody know the history behind using the term "satoshi" as the atomic unit for bitcoins?

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September 15, 2013, 02:07:02 PM
 #2

Maybe https://bitcointalk.org/index.php?action=profile;u=3 ? Roll Eyes

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September 15, 2013, 02:18:34 PM
Last edit: September 15, 2013, 09:53:49 PM by malevolent
 #3

https://bitcointalk.org/index.php?topic=369.msg22160#msg22160

Anyway, what's the plan for subdividing bitcoins? Do we go in thousands like the metric system (millibits, microbits, nanobits)?
Or do we have names for subdivisions? A hundredth of a bitcoin could be a Satoshi, a thousandth of that could be a Molyneau, and a thousandth of that could be an Austrian.

https://bitcointalk.org/index.php?topic=369.msg30691#msg30691

Let's consider the long-term, where we will need a smaller unit. I think it's best to have a separate name for this, rather than messing with long decimals like 0.00000247. For the purpose of this discussion, suppose a millionth of a bitcoin is called a satoshi.

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September 15, 2013, 06:49:07 PM
 #4

https://bitcointalk.org/index.php?topic=369.msg22160#msg22160

Anyway, what's the plan for subdividing bitcoins? Do we go in thousands like the metric system (millibits, microbits, nanobits)?
Or do we have names for subdivisions? A hundredth of a bitcoin could be a Satoshi, a thousandth of that could be a Molyneau, and a thousandth of that could be an Austrian.

https://bitcointalk.org/index.php?topic=369.msg30691#msg30691

Let's consider the long-term, where we will need a smaller unit. I think it's best to have a separate name for this, rather than messing with long decimals like 0.00000247. For the purpose of this discussion, suppose a millionth of a bitcoin is called a satoshi.

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Peter Lambert (OP)
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September 15, 2013, 08:10:25 PM
 #5


That is a good question, how did Satoshi refer to these units? I beleive he was gone (or at least using a different name) by the time the term satoshi caught on for the smallest bitcoin units.

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September 15, 2013, 09:44:45 PM
 #6

That is a good question, how did Satoshi refer to these units?

They're not referred to by any special name in the code that Satoshi wrote. Satoshi never used the term.

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September 15, 2013, 09:54:01 PM
 #7


Is there a name for 0.01 BTC?

It obv should have a name cause everyday transactions wont be measured in BTC but in 0.01 BTC
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September 15, 2013, 09:57:20 PM
 #8

The answer is probably here:

https://bitcointalk.org/index.php?topic=3574.msg50647#msg50647

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Peter Lambert (OP)
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September 15, 2013, 09:58:52 PM
 #9


Is there a name for 0.01 BTC?

It obv should have a name cause everyday transactions wont be measured in BTC but in 0.01 BTC

0.001 btc is referred to as a millibit and abbreviated mB.

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September 15, 2013, 11:17:04 PM
 #10


Is there a name for 0.01 BTC?

It obv should have a name cause everyday transactions wont be measured in BTC but in 0.01 BTC

I think it could be called a centi-bitcoin. Because 0.001 is a milli Bitcoin so 0.01 is a so called 'cent'
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September 15, 2013, 11:31:00 PM
 #11


Is there a name for 0.01 BTC?

It obv should have a name cause everyday transactions wont be measured in BTC but in 0.01 BTC

I think it could be called a centi-bitcoin. Because 0.001 is a milli Bitcoin so 0.01 is a so called 'cent'

I just call them cents in the context of Bitcoin; out of context, I call them bitcents.

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