I predict we will soon be pricing everything in satoshis.

[Kupsi]

0.01 µBTC

[nobbynobbynoob]

Although cents might be pretty useful too (it is money!), and one cent = one million satoshi.

Why is cent (centi) useful and not milli or micro? Because you have heard of it before?

I'm very familiar with SI divisions but not so much in the context of dividing up money. The question of how best to describe divided units of revalued bitcoins is important, of course.

[Atlas]

Here's a clearer proposition, verbally:

1 Bitcoin = 1 Bitcoin

.1 Bitcoins = 10 million satoshis

.01 Bitcoins = 1 million satoshis

.001 Bitcoins = 100,000 satoshis

.0001 Bitcoins = 10,000 satoshis

.00001 Bitcoins = 1,000 satoshis

.000001 Bitcoins = 100 satoshis

.0000001 Bitcoins = 10 satoshis

.00000001 Bitcoins = 1 satoshi

[Aahzman]

Here's a clearer proposition, verbally:

1 Bitcoin = 1 Bitcoin

.1 Bitcoins = 10 million satoshis

.01 Bitcoins = 1 million satoshis

.001 Bitcoins = 100,000 satoshis

.0001 Bitcoins = 10,000 satoshis

.00001 Bitcoins = 1,000 satoshis

.000001 Bitcoins = 100 satoshis

.0000001 Bitcoins = 10 satoshis

.00000001 Bitcoins = 1 satoshi

So BTC1 = 100 million Ozawas?

[Uuno]

No other currency does this though and it's hard to grasp the part to whole ratio for most non-geeks.

The people on Silkroad are quite familiar with the word milligram (mg)

This is a great point. Seriously. Bitcoin will eventually be closely tied with drug culture.

It is already tied with drug culture.

So is USD.

Well, that's true.

[SouthernComfort]

I don't like it, it's not linear. There's hardly any difference in the value of 1 satoshi and 100 000 satoshies as of now, but there is a huge difference in value between 10^6 satoshies and 10^9 satoshies. All those zeroes will just confuse people.

[Lethn]

Yeah, what the hell is the point in calling them Satoshi's? There's nothing difficult about writing 0.000001 Bitcoins, this is reminding me of silly overcomplicated bullshit that financial people try to use to confuse people and I already see it happening with these survey sites who say it to try and make you think you're getting a lot when you actually aren't. Talk about it amongst yourselves if you like, as for me? I don't like making up words for things we already have words for in the first place, not when it comes to business anyway because it is pretty dishonest.

Next we'll be seeing people re-invent mathematics to make 1 + 1 = 3 and 2 + 2 = 6

Also, while it is possible Bitcoins will be insanely valuable, as people have said in conversations with me that would take an insane amount of printing for that to happen in reality, 1 Bitcoin by itself is already worth quite a bit when you consider other currencies out there.

[constitution]

Not a prediction its a fact, give it 1-2 years and people buying and selling a whole bitcoin will be very rare.

[zoinky]

Not a prediction its a fact, give it 1-2 years and people buying and selling a whole bitcoin will be very rare.

Pretty optimistic, I'd give it at least 4-8 years.  The next reward halvings will be very very interesting times.

[TraderTimm]

I don't like it, it's not linear. There's hardly any difference in the value of 1 satoshi and 100 000 satoshies as of now, but there is a huge difference in value between 10^6 satoshies and 10^9 satoshies. All those zeroes will just confuse people.

Hey jackhole, any reason you're NECROPOSTING old threads?

[nobbynobbynoob]

Pretty optimistic, I'd give it at least 4-8 years.  The next reward halvings will be very very interesting times.

Bitcoin has risen in fiat price more than thousandfold since its inception. It might not go up that much in the next four years, but hundredfold looks possible if not probable. Or it might be worth nothing.