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Author Topic: Unit name for 1000 satoshis (0.00001 BTC)  (Read 1951 times)
ktorn (OP)
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January 09, 2014, 03:23:04 AM
 #1

When people new to Bitcoin talk to me about the 21M limit in BTC, I normally explain how it can be divided up to 8 decimal places, so the real limit is much hight than 21M.

However it would be nice to just say exactly what the limit is when compared to USD.

1 USD is divided in 1000 subunits (Mills - used in financial transactions), so it would be logical to also keep 1000 subunits and refer to a total limit of 2,100,000,000,000.000 <unit>

The problem is that I can't find anywhere the unit name (<unit>) to be used in this case. Anyone?

Edit: And please no kSatoshi-style answers please  Grin
empoweoqwj
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January 09, 2014, 03:32:07 AM
 #2

Oh lord, another unit naming thread that will lead to nothing but give us lots of silly names  - when will this ever end Wink

0.00001 BTC has a name - 0.00001 BTC
BrockLanders
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January 09, 2014, 03:35:36 AM
 #3

there is none for that , you would use 10 microbitcoin
https://en.bitcoin.it/wiki/Units Wink
Fontastically
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January 09, 2014, 03:37:27 AM
 #4

Oh lord, another unit naming thread that will lead to nothing but give us lots of silly names  - when will this ever end Wink

0.00001 BTC has a name - 0.00001 BTC

Fuck you, for trying to end this  Tongue

Now...  We shall call it:

-Edward Snowden
-Nut
-Obama Mama
-Hit

These are the only logical choices in my opinion.
empoweoqwj
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January 09, 2014, 03:39:45 AM
 #5

Oh lord, another unit naming thread that will lead to nothing but give us lots of silly names  - when will this ever end Wink

0.00001 BTC has a name - 0.00001 BTC

Fuck you, for trying to end this  Tongue

Now...  We shall call it:

-Edward Snowden
-Nut
-Obama Mama
-Hit

These are the only logical choices in my opinion.

Hello to you too. Just giving my opinion, same as you.
Fontastically
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January 09, 2014, 03:50:00 AM
 #6

Quote
Hello to you too. Just giving my opinion, same as you.

No harm intended Wink
empoweoqwj
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January 09, 2014, 03:55:41 AM
 #7

Quote
Hello to you too. Just giving my opinion, same as you.

No harm intended Wink

Cool. No harm done Wink
AliceWonder
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January 09, 2014, 03:57:46 AM
 #8

It's called 10 microbitcoins.

Metric system is well established.

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
empoweoqwj
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January 09, 2014, 04:03:53 AM
 #9

It's called 10 microbitcoins.

Metric system is well established.

How do you type 10 microbitcoins into a calculator?
ThePurplePlanet
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January 09, 2014, 04:24:31 AM
 #10

kilo satoshis aka ks  Grin
wanksta11
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January 09, 2014, 04:49:13 AM
 #11

dolaroshi?  Cheesy
centoshi?
ktorn (OP)
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January 09, 2014, 06:05:12 AM
 #12

I guess the answer is: there isn't one!

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss')  Grin

1 KSS = 0.00001 BTC

Given the current BTC/USD price of $949.35, it means 1 KSS is worth $0.0094935

So next time someone new to Bitcoin raises the issue of limited supply and inflated price I will compare apples to apples (or dollars to kisses Grin) and point at the fact that there will be 2.1 trillion KSS (nearly double of total USD) in circulation and that currently 1 KSS is worth less than a US cent.

Today you're not just buying 1 BTC for $949.35, you're buying 100,000 KSS, and a $4 coffee costs 421.340 KSS.

Now tell me that we don't need a damn unit name for a KSS!  Tongue
empoweoqwj
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January 09, 2014, 10:39:40 AM
 #13

I guess the answer is: there isn't one!

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss')  Grin

1 KSS = 0.00001 BTC

Given the current BTC/USD price of $949.35, it means 1 KSS is worth $0.0094935

So next time someone new to Bitcoin raises the issue of limited supply and inflated price I will compare apples to apples (or dollars to kisses Grin) and point at the fact that there will be 2.1 trillion KSS (nearly double of total USD) in circulation and that currently 1 KSS is worth less than a US cent.

Today you're not just buying 1 BTC for $949.35, you're buying 100,000 KSS, and a $4 coffee costs 421.340 KSS.

Now tell me that we don't need a damn unit name for a KSS!  Tongue

Probably the worse name to date, KSS, whatever next ....
Xav
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January 09, 2014, 02:01:58 PM
Last edit: January 09, 2014, 02:25:10 PM by Xav
 #14

I guess the answer is: there isn't one!

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss')  Grin

1 KSS = 0.00001 BTC

Given the current BTC/USD price of $949.35, it means 1 KSS is worth $0.0094935

So next time someone new to Bitcoin raises the issue of limited supply and inflated price I will compare apples to apples (or dollars to kisses Grin) and point at the fact that there will be 2.1 trillion KSS (nearly double of total USD) in circulation and that currently 1 KSS is worth less than a US cent.

Today you're not just buying 1 BTC for $949.35, you're buying 100,000 KSS, and a $4 coffee costs 421.340 KSS.

Now tell me that we don't need a damn unit name for a KSS!  Tongue

Sounds great to me.

1 sat = 1 exp -8 BTC = 1 satoshi
10 sat = 1 exp -7 BTC = 1 big satoshi (or 1 nakamoto)
100 sat = 1 exp -6 BTC = 1/10 kiss = little kiss
1000 sat = 1 exp -5 BTC= 1 ksat = 1 kilo satoshi = 1 kiss
10,000 sat = 1 exp -4 BTC = 10 kiss = big kiss
100,000 sat = 1 exp -3 BTC = 100 kiss = 1/10 smack = little smack (~ buck today)
1,000,000 sat = 1 exp -2 BTC = 1000 kiss = mega kiss = smack
10,000,000 sat = 1 exp -1 BTC = 10 smack = big smack
100,000,000 sat = 1 BTC = 1 full blow (uko or ~ grand today)
ktorn (OP)
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January 09, 2014, 02:19:23 PM
 #15

Probably the worse name to date, KSS, whatever next ....

I did say (emphasis added now) :

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss')  Grin

And at the end:

Now tell me that we don't need a damn unit name for a KSS!  Tongue

The point of my post was not really to suggest KSS as a name. It was to ask if a name existed and if not, then why it is badly needed, because it's the unit that is equivalent with USD in terms of subunits (both with 1000 subunits). I could have written XXX instead of KSS. So let me rephrase it in those terms:

1000 Mills = 1 USD; 1000 satoshis = 1 XXX

The community needs to:

  • work out a name for XXX
  • stop talking about a 21 million BTC limit
  • start talking about a 2.1 trillion XXX limit
  • stop talking about 1 BTC being valued at hundreds of US dollars
  • start talking about 1 XXX being valued at a fraction of a US dollar

Looking forward to enlightened rebuttals.

BittBurger
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January 09, 2014, 03:56:13 PM
 #16

Let's call the little ones "P Diddy's"

Owner: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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DeboraMeeks
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January 09, 2014, 07:27:43 PM
 #17

I think we have enough units as of now but if you insist I think we can name it K.satoshi  Tongue or maybe thousand satoshi's.
brioche
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January 09, 2014, 10:48:17 PM
 #18

I vote for 0.00001 BTC to be named a Miku.

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empoweoqwj
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January 10, 2014, 02:19:04 AM
 #19

I think we have enough units as of now but if you insist I think we can name it K.satoshi  Tongue or maybe thousand satoshi's.

Of course the person running the poll doesn't "insist". He has no authority in the community. This poll will be forgotten the day after its closes.
Phinnaeus Gage
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January 10, 2014, 02:59:50 AM
 #20

Let's call the little ones "P Diddy's"

And the Litecoin counterpart "Bo Diddley".
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