Is it time to switch to satoshis ???

[exynos645]

Hello,

I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.

[HeliKopterBen]

*satoshi's

[exynos645]

*satoshi's

so satochi's is the plural of satochi ?

[Remember remember the 5th of November]

*satoshi's

so satochi's is the plural of satochi ?

No and no. You both got it wrong, though HeliKopterBen was 99% correct.

[Kluge]

*satoshi's

so satochi's is the plural of satochi ?

No and no. You both got it wrong, though HeliKopterBen was 99% correct.

Wrong. He was 88.89% (rounded to hundredth) correct.

[ronimacarroni]

Hello,

I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.

I think 1 cBTC (centibitcoin) sounds better than 1 million satoshis

[slob]

If...

1 BTC = 1 bitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin (also referred to as bitcent)
0.001 BTC = 1 mBTC = 1 millibitcoin (also referred to as mbit (pronounced em-bit) or millibit or even bitmill)
0.000 001 BTC = 1 μBTC = 1 microbitcoin (also referred to as ubit (pronounced yu-bit) or microbit)
0.000 000 01 BTC = 1 satoshi (pronounced sa-toh-shee)

Bitcents or centibits or CBits seem to be a more manageable value. Unless BTC's value changes, of course!

1 centibit = $1.235

So, that coffee and danish will be 2 centibits.

[HeliKopterBen]

Ok satoshi's is wrong but what is right...  satoshis
Or would the plural of satoshi be satoshi kind of like deer is the plural of deer

Has this even been defined yet?

[Kluge]

Ok satoshi's is wrong but what is right...  satoshis
Or would the plural of satoshi be satoshi kind of like deer is the plural of deer

Has this even been defined yet?

... Huh. I've never heard it suggested that satoshi could have an irregular plural form... Normally, something ending in -is turns into -es, so it'd be satoshes - but satoshi only ends in -is once plural (if regular), so that doesn't apply.

-i is a semi-common irregular plural suffix. Cactus->cacti - so it could stay the same, and I don't think many would think twice. I'm not sure we can use English rules on a Japanese word/name, though. Trying to think of a singular noun which ends in i...

(What was this thread about? -- Oh. Yeah. This has been discussed a lot. With the minimum fee on many transactions, and the default rules on the smallest amount which can be sent without being "dust," going with Satoshis would require most people add a shit-load of zeros.... zeroes...... ..... ..... huh.)

ETA: Ski -> skis. khaki -> khakis. Regular. I'm pretty sure satoshi would turn into satoshis. Looks weird. Skis looks weird, too, though, so I guess it's all fine.

[og kush420]

not yet, even if bitcoins were $10,000 each satoshi would be relatively worthless

[HGT24]

Hello,

I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.

Why would people be more inclined to own 1 million satoshis that 0.01 BTC? it is just a number. not a value. please explain this concept to me.


For example, let's say I was living in Zimbabwe. Let's also say, that in Zimbabwe, they widely accept US Dollars and Zimbabwe notes. The merchants don't really care which currency they receive.

Now let's say that $5 US Dollars are equal to $100 Trillion Zimbabwe dollars.  I don't think more people would be inclined to own the $100 trillion zimbabwe notes over the $5 USD. Denomination doesn't matter. value does.

This concept of using satoshis because they are a smaller denomination does not make sense to me. This goes along the lines of splitting a stock price so that "more people can afford it". Stock splits don't result in "more people being able to afford" the stock. It just means people are getting more shares for the same price. Same value, smaller denomination. Makes no difference.

[ixxi]

Hello,

I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.

Why would people be more inclined to own 1 million satoshis that 0.01 BTC? it is just a number. not a value. please explain this concept to me.


For example, let's say I was living in Zimbabwe. Let's also say, that in Zimbabwe, they widely accept US Dollars and Zimbabwe notes. The merchants don't really care which currency they receive.

Now let's say that $5 US Dollars are equal to $100 Trillion Zimbabwe dollars.  I don't think more people would be inclined to own the $100 trillion zimbabwe notes over the $5 USD. Denomination doesn't matter. value does.

This concept of using satoshis because they are a smaller denomination does not make sense to me. This goes along the lines of splitting a stock price so that "more people can afford it". Stock splits don't result in "more people being able to afford" the stock. It just means people are getting more shares for the same price. Same value, smaller denomination. Makes no difference.

There is the psychological border. Some people are less inclined to buy 0.01 BTC than 1 million satoshis, even when they know very well the value is exactly the same.

[ronimacarroni]

It could be
1 Bitcoin= 1BTC
0.1= 1 Bitdime
0.01= 1 Bitcent

[Xyver]

Should stick with International notation, milli and micro.

1 BTC = 1000 millibitcoins (mBTC)
1 mBTC = 1000 microbitcoins (uBTC)
1 uBTC = 100 satoshis.

Right now is a good time for millibitcoins, 1 mBTC=~10 cents.

[nobbynobbynoob]

Satoshi is one, satoshi are many. But that's just my take and it doesn't make it more correct than someone else pluralizing as "satoshis", for example.

Peeps can denominate in smaller units according to their preference at any time. Personally I'll be inclined to think much more in mBTC when the exchange rate is firmly over about 300 USD, but again, that's somewhat arbitrary and that's just me. My Mycelium mobile wallet is already configured in mBTC.

[mokahless]

100,000,000 SA is one bitcoin
A coffee is 1,000,000 SA (significantly rounded)

This is too large for my taste but I can see SA becoming common when you can buy a coffee for 1,000 SA or less.

[Phinnaeus Gage]

Since we're speakin' of plural(s), satoshii comes to mind.

[Abdussamad]

For example, let's say I was living in Zimbabwe. Let's also say, that in Zimbabwe, they widely accept US Dollars and Zimbabwe notes. The merchants don't really care which currency they receive.

Zim has had a dollarized economy for a few years now. The local currency isn't used at all.

And people will accept dollars in any country on the planet.

[johnyj]

Let's keep the zeros until the value of daily consumption items drop below 0.001, many units usually give a feeling of dirt cheap, too many zeros can result in some error in counting

[elor70]

I personally hate satoshis nomal bitcoins are da best