Peter Lambert (OP)
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September 15, 2013, 01:22:11 PM |
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Does anybody know the history behind using the term "satoshi" as the atomic unit for bitcoins?
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marcovaldo
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September 15, 2013, 02:07:02 PM |
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malevolent
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September 15, 2013, 02:18:34 PM Last edit: September 15, 2013, 09:53:49 PM by malevolent |
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https://bitcointalk.org/index.php?topic=369.msg22160#msg22160Anyway, 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#msg30691Let'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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faiza1990
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September 15, 2013, 06:49:07 PM |
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https://bitcointalk.org/index.php?topic=369.msg22160#msg22160Anyway, 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#msg30691Let'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.
good and positive information thanks for this
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Peter Lambert (OP)
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September 15, 2013, 08:10:25 PM |
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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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theymos
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September 15, 2013, 09:44:45 PM |
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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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1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
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ImI
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September 15, 2013, 09:54:01 PM |
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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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The Bitcoin Catalog
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September 15, 2013, 09:57:20 PM |
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Peter Lambert (OP)
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September 15, 2013, 09:58:52 PM |
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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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marcotheminer
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September 15, 2013, 11:17:04 PM |
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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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Mike Christ
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September 15, 2013, 11:31:00 PM |
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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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