ktorn (OP)
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January 09, 2014, 03:23:04 AM |
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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](https://bitcointalk.org/Smileys/default/grin.gif)
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empoweoqwj
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2014, 03:32:07 AM |
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Oh lord, another unit naming thread that will lead to nothing but give us lots of silly names - when will this ever end ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 0.00001 BTC has a name - 0.00001 BTC
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Fontastically
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January 09, 2014, 03:37:27 AM |
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Oh lord, another unit naming thread that will lead to nothing but give us lots of silly names - when will this ever end ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 0.00001 BTC has a name - 0.00001 BTC Fuck you, for trying to end this ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Now... We shall call it: -Edward Snowden -Nut -Obama Mama -Hit These are the only logical choices in my opinion.
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empoweoqwj
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2014, 03:39:45 AM |
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Oh lord, another unit naming thread that will lead to nothing but give us lots of silly names - when will this ever end ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 0.00001 BTC has a name - 0.00001 BTC Fuck you, for trying to end this ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) 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.
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Fontastically
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January 09, 2014, 03:50:00 AM |
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Hello to you too. Just giving my opinion, same as you. No harm intended
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empoweoqwj
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January 09, 2014, 03:55:41 AM |
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Hello to you too. Just giving my opinion, same as you. No harm intended Cool. No harm done ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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AliceWonder
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January 09, 2014, 03:57:46 AM |
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It's called 10 microbitcoins.
Metric system is well established.
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empoweoqwj
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January 09, 2014, 04:03:53 AM |
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It's called 10 microbitcoins.
Metric system is well established.
How do you type 10 microbitcoins into a calculator?
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wanksta11
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January 09, 2014, 04:49:13 AM |
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dolaroshi? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) centoshi?
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ktorn (OP)
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January 09, 2014, 06:05:12 AM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) 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](https://bitcointalk.org/Smileys/default/grin.gif) ) 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](https://bitcointalk.org/Smileys/default/tongue.gif)
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empoweoqwj
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January 09, 2014, 10:39:40 AM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) 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](https://bitcointalk.org/Smileys/default/grin.gif) ) 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](https://bitcointalk.org/Smileys/default/tongue.gif) Probably the worse name to date, KSS, whatever next ....
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Xav
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January 09, 2014, 02:01:58 PM Last edit: January 09, 2014, 02:25:10 PM by Xav |
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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](https://bitcointalk.org/Smileys/default/grin.gif) 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](https://bitcointalk.org/Smileys/default/grin.gif) ) 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](https://bitcointalk.org/Smileys/default/tongue.gif) Sounds great to me. 1 sat = 1 exp -8 BTC = 1 satoshi10 sat = 1 exp -7 BTC = 1 big satoshi (or 1 nakamoto) 100 sat = 1 exp -6 BTC = 1/10 kiss = little kiss1000 sat = 1 exp -5 BTC= 1 ksat = 1 kilo satoshi = 1 kiss10,000 sat = 1 exp -4 BTC = 10 kiss = big kiss100,000 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 smack100,000,000 sat = 1 BTC = 1 full blow (uko or ~ grand today)
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ktorn (OP)
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January 09, 2014, 02:19:23 PM |
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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](https://bitcointalk.org/Smileys/default/grin.gif) And at the end: Now tell me that we don't need a damn unit name for a KSS! ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) 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.
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BittBurger
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January 09, 2014, 03:56:13 PM |
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Let's call the little ones "P Diddy's"
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DeboraMeeks
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January 09, 2014, 07:27:43 PM |
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I think we have enough units as of now but if you insist I think we can name it K.satoshi ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) or maybe thousand satoshi's.
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brioche
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January 09, 2014, 10:48:17 PM |
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I vote for 0.00001 BTC to be named a Miku.
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\ \ \ \\\\\\\\\\\\\\\\◥◣◢◤//////////////// / / / ❖ North Carolina ❖ First in Flight ❖ / / / ////////////////◢◤◥◣\\\\\\\\\\\\\\\\ \ \ \
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empoweoqwj
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January 10, 2014, 02:19:04 AM |
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I think we have enough units as of now but if you insist I think we can name it K.satoshi ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) 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.
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Phinnaeus Gage
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January 10, 2014, 02:59:50 AM |
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Let's call the little ones "P Diddy's"
And the Litecoin counterpart "Bo Diddley".
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