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Author Topic: A logo for Satoshis, the smallest unit of a bitcoin.  (Read 367 times)
dustinwei
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July 20, 2019, 07:26:44 AM
 #1

Satoshis are the smallest unit of a bitcoin. 100,000,000 Satoshi is equal to 1 bitcoin, 1 Satoshi = 0.00000001 bitcoin. In the future (where bitcoin is way more valuable), it would be much easier to use Satoshis as a unit of price, but unlike the BTC logo where it is the bold B with the two slashes, there doesn't seem to be a logo like this for the Satoshis unit. Can we as a community create and settle on a logo for Satoshis and start maybe test using it? It will take a while for it to catch on but it is for the better.

TLDR : Create a logo for Satoshis, the smallest unit of bitcoin, like the BTC logo and start using it.
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July 20, 2019, 07:42:49 AM
Merited by Red-Apple (1)
 #2

We're probably a little bit too early to be focusing on these things. Not sure if we actually need a symbol for every bitcoin denomination, but if we would, It'd probably make more sense to focus on bits and mbits first. We're probably a long way of seeing things priced in sats.

Anyway, someone proposed a symbol for sats on Reddit a year ago:


https://www.reddit.com/r/Bitcoin/comments/8xcy81/introducing_a_new_symbol_for_satoshi/

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July 20, 2019, 07:43:33 AM
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 #3



It's about all the dollar will be worth in a few years. Smiley

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July 20, 2019, 07:52:13 AM
 #4

We're probably a little bit too early to be focusing on these things. Not sure if we actually need a symbol for every bitcoin denomination, but if we would, It'd probably make more sense to focus on bits and mbits first. We're probably a long way of seeing things priced in sats.

Anyway, someone proposed a symbol for sats on Reddit a year ago:

https://i.redd.it/wjbd8zlwzx811.png
https://www.reddit.com/r/Bitcoin/comments/8xcy81/introducing_a_new_symbol_for_satoshi/

I think the reason for a Satoshis symbol gaining more adoption first is because of the amount of shitcoins that are worth just a couple Satoshis. When talking about those, it is rather annoying to type of Satoshis every time.

Well, actually, I might be wrong since I'm sure many of the time they just say "sats". Though, it would just be neat to have I guess.
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July 20, 2019, 07:55:28 AM
 #5

I think the reason for a Satoshis symbol gaining more adoption first is because of the amount of shitcoins that are worth just a couple Satoshis. When talking about those, it is rather annoying to type of Satoshis every time.
Do you really talk about shitcoins that much that you actually need a satoshi symbol to make it ever so slightly easier? Tongue

Well, actually, I might be wrong since I'm sure many of the time they just say "sats". Though, it would just be neat to have I guess.
We're going to have it once we need it I guess. Currently, a sat is merely worth around $0.0001. We're far away from needing a symbol for it.

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July 20, 2019, 12:28:46 PM
 #6

Yes, in the future we will require a logo for Satoshi. When the time comes we as a community can choose one. At the moment what is important is to create more awareness and spread positivity about Bitcoin. Too many negative news has been circulating and is being circulated daily.

Without mass adoption, we will not have any need for a Satoshi logo. To reach that level we need a more positive attitude and progressive mindset. Which mostly can be contributed by this community

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July 20, 2019, 03:32:08 PM
 #7

This is interesting. Though it is only "nice to have" for now, I guess it will really be required in the future to have that symbol like cents. I will follow this thread and if I will have enough time to create the symbol then I will somehow contribute it. I have a symbol in mind but I am also interested in your ideas. I guess this is really fun at the same time a light topic to discuss.
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July 20, 2019, 03:51:06 PM
 #8

We're probably a little bit too early to be focusing on these things. Not sure if we actually need a symbol for every bitcoin denomination, but if we would, It'd probably make more sense to focus on bits and mbits first. We're probably a long way of seeing things priced in sats.

I think at this point it will only create confusion, newbies will be thinking that it's some new cryptocurrency, and maybe some scammers like Roger Ver and Craig Wright will see it as an opportunity to defraud more people, by making some new shitcoin with similar symbol. We are currently using identifiers like "sat", "mbtc", "μbtc" and they are pretty intuitive and easy to understand even if you see them for the first time. If we'll have a symbol for satoshis, I think it should resemble the Bitcoin logo for better recognition.

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July 20, 2019, 05:58:53 PM
 #9

I like Jet Cash's suggestion the most. 1 satoshi may one day be a dollar, so it may be that in the future, we'll be talking about miner's fees of $1 to mean 1 satoshi, and we'll all be complaining of how expensive that fee is and that we shouldn't be paying it. Imagine 2k txs all paying $1 fees each!

P.S. $ and ¢ is 1=100 So BTC to satoshi isn't quite as easy to compute. Takes a bit of psychological readjustment.

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July 20, 2019, 06:12:26 PM
 #10

I don't even have this symbol BTC on my phone yet so I think we're talking about this too early.  It's a nice thing to have but we can't always have nice things.  Grin

We're probably a little bit too early to be focusing on these things. Not sure if we actually need a symbol for every bitcoin denomination, but if we would, It'd probably make more sense to focus on bits and mbits first. We're probably a long way of seeing things priced in sats.

I think at this point it will only create confusion, newbies will be thinking that it's some new cryptocurrency, and maybe some scammers like Roger Ver and Craig Wright will see it as an opportunity to defraud more people, by making some new shitcoin with similar symbol. We are currently using identifiers like "sat", "mbtc", "μbtc" and they are pretty intuitive and easy to understand even if you see them for the first time. If we'll have a symbol for satoshis, I think it should resemble the Bitcoin logo for better recognition.

An S with two vertical lines || - a little too similar to $.

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July 20, 2019, 06:51:24 PM
 #11

It is way too early to be denominating paymetns in satoshi units.  Wait until bitcoin is worth $1million or so so it makes more sense.  Right now the best thing to use is mBTC for the sake of simplicity. 
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July 20, 2019, 07:13:02 PM
 #12

It is way too early to be denominating paymetns in satoshi units.  Wait until bitcoin is worth $1million or so so it makes more sense.  Right now the best thing to use is mBTC for the sake of simplicity.  

Disagree. mBTC, bits or whatever is just asking for people to be placing the wrong decimal somewhere and ruining themselves. I still get stumped by stuff priced in mBTC

There's BTC. There's Satoshis. Anything in the middle adds confusion and will eventually be abandoned in favour of Satoshis anyway. Much better to go straight from one to the other.

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July 20, 2019, 07:23:46 PM
 #13

Well I do think that this is something that might happen in the future.

Just like we have a dollar and the small coins , the same way we could do something same but digitally.

But at the same time it will be useful when the price is high , right now it is indeed something that might not be that useful.

1$= 0.000092 Btc When it comes down to a high price then maybe we would need even mini satoshi's.



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July 20, 2019, 07:42:25 PM
 #14

I'm seeing some sites use "sats" or "Sats" but there are no one settling to one sign or logo. If I will be choosing one, I want the logo with the two slashes on it .


It's about all the dollar will be worth in a few years. Smiley

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July 20, 2019, 07:46:36 PM
 #15

It is way too early to be denominating paymetns in satoshi units.  Wait until bitcoin is worth $1million or so so it makes more sense.  Right now the best thing to use is mBTC for the sake of simplicity.  

Disagree. mBTC, bits or whatever is just asking for people to be placing the wrong decimal somewhere and ruining themselves. I still get stumped by stuff priced in mBTC

There's BTC. There's Satoshis. Anything in the middle adds confusion and will eventually be abandoned in favour of Satoshis anyway. Much better to go straight from one to the other.

Disagree. Dealing with too much leading or trailing zeros is much more error-prone than using other units. mBTC is currently the most convenient unit for general purposes, because it's roughly equal to $10. Electrum uses it by default, and I don't see many people complaining about it. I don't like the name "bits" because it's not very descriptive so I prefer to call them micro-bitcoin (μBTC).

I really hope that there will be a good consensus in Bitcoin community about units, we already have to deal with Americans and their Freedom Units™  in real world.

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July 21, 2019, 10:54:02 PM
 #16

not interested in using other symbols, seem foreign and difficult to distinguish.
there is no problem in using the bitcoin logo or satoshi because both are more popular and inherent.
maybe this will be confusing.

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July 21, 2019, 11:01:20 PM
 #17

Satoshis are the smallest unit of a bitcoin. 100,000,000 Satoshi is equal to 1 bitcoin, 1 Satoshi = 0.00000001 bitcoin. In the future (where bitcoin is way more valuable), it would be much easier to use Satoshis as a unit of price, but unlike the BTC logo where it is the bold B with the two slashes, there doesn't seem to be a logo like this for the Satoshis unit. Can we as a community create and settle on a logo for Satoshis and start maybe test using it? It will take a while for it to catch on but it is for the better.

TLDR : Create a logo for Satoshis, the smallest unit of bitcoin, like the BTC logo and start using it.

Satoshi is a part of bitcoin, he can use the logo of bitcoin anytime. It's not a different currency, so I think we don't need to create a logo for satoshi. If they really wanted that then the founder itself will create it, not us. Why do you think a logo is very necessary and come up to the point that we need a logo for satoshi? lol. Stop thinking complex things because it will just end to a lot more error, this is enough.

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July 22, 2019, 01:17:56 PM
 #18

I don't find any reason for a new logo for Satoshi when we have BTC to mention Satoshi with some decimal points. As days pass the acceptance level will increase there might be a need. As of now the direct usage of bitcoin is quite low which can be described in terms of BTC




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NeuroticFish
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July 22, 2019, 01:24:39 PM
 #19

Anyway, someone proposed a symbol for sats on Reddit a year ago:


https://www.reddit.com/r/Bitcoin/comments/8xcy81/introducing_a_new_symbol_for_satoshi/

S with cedilla or S with comma?! That's a common letter in Turkish, Romanian and other languages. I think that we can do better than that.

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July 22, 2019, 07:20:53 PM
 #20

My country's garbage fiat is already 1:1 with the satoshi so you could temporarily call them bolivar... (it won't last long, at current hyperinflation rates).

1 satoshi is always 0.00000001 BTC.

Over here 5 million satoshis would buy a 4k display, this can be simply expressed as:

0.05000000 BTC but obviously convention dictates the zeroes to the right are redundant, so the TV is just 0.05 BTC. or. 5 million satoshis.

Those who think expressing in satoshis is hard, is people who have never lived under inflation. Expressing things in thousands, millions, or hundreds of millions is how i remember prices for more than half of my adult life. Given that the moronic government keeps removing zeroes and remaking the banknotes, Zimbabwe style as if that would stop anything (and we are headed to the same result, already people are setting prices in USD albeit that's technically forbidden. But you know how it is between politicians and reality...

In theory the word "cent" already is telling you 100 (remember per-cent)?

Then what is a satoshi?

1 BTC is 1.00000000 or 100 000 000 that is 100 million satoshis. Therefore a centimillion (a hundred million part of a Bitcoin).

This also happens to be 10 nanos using SI nomenclature. Maybe you could also say hectomega (100 million) satoshis

Instead of cent you could say cenmil, or centimillion. Perhaps something resembling a ¢ᴍ or ᴄᴍ squeezed to be a single char size, with a vertical stripe.

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