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Question: What should 100 Satoshis be called?
bitcoin - 9 (27.3%)
bit - 24 (72.7%)
Total Voters: 33

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Author Topic: What should 100 Satoshis be called?  (Read 1532 times)
Siegfried
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May 03, 2014, 04:21:15 AM
 #21

There is no way in hell you are going to get the whole network to simultaneously re-define a bitcoin. Dumbest idea I've heard in a while.

If it happens, there should be an agreed upon point in the future when much of the industry agrees to implement the shift. January 1, 2016 would be a reasonable target.
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frente
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May 03, 2014, 02:01:28 PM
 #22

There is no way in hell you are going to get the whole network to simultaneously re-define a bitcoin. Dumbest idea I've heard in a while.

It doesn't have to be simultaneously if we introduce a new name/symbol equal in value to current bitcoin (100M satoshis). We can call it megabit, megabitcoin (MBTC), ZIB or something else.

In a few months, we can switch completely to (redefined) bitcoin and drop or leave the name for 1M units.

No problems at all.
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May 03, 2014, 03:14:24 PM
 #23

99% of people still don't know whether 1 BTC equals $440 or $1 equals 2273 BTC. It might be inconvenience for us to redefine bitcoin but other 99% don't care and we get to keep the brand bitcoin in everyday use.
soulcity
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May 03, 2014, 03:15:36 PM
 #24

100 satoshis
Yakamoto
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May 03, 2014, 03:32:19 PM
 #25

What if we called them centoshi?
Cent for 100, e.x. 100 years = Century
Toshi, self explanatory. Part of satoshis.














 

 

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Nik1ab
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May 03, 2014, 03:36:55 PM
 #26

100 satoshis should be called 100 satoshis.
Everything else is just stupid. You don't just call 100$ "hollars" or something like that.

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tocoolforschool
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May 03, 2014, 03:50:52 PM
 #27

"100 satoshis" sounds pretty good. I don't understand why people try change things. Work on services, products, not fixing things that are not broken.
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May 03, 2014, 05:04:25 PM
 #28

Bit is fine.  In fact there is already a very famous song about it "shave and a haircut, two bits".  That should be our goal.  Bitcoin acceptance to the level that a shave and a haircut costs two bits.

Everyone who agrees just needs to start using it, explaining it, publishing it, correcting other (anoying them), etc.  It will either catch on or it won't.  This is what I hope catches on:

1 satoshi = smallest unit, pretty much in general use today
             = "bitcents" also makes some sense and may catch on and evolve back into cents (1/100th)
1 bit       = 100 satoshi, eventually every day use, coffee, sandwiches, etc.
1 XBT     = 1 bit, should be the official symbol on all exchanges, forex, etc.
1 BTC     = 1000000 bits = kept for dealing with larger amounts, may fade

1 Bitcoin/bitcoin as a currency unit fades away

Bitcoin = the Bitcoin protocol


We can even adopt the "shave and a haircut, two bits" knock as the official not so secret Bitcoin knock!

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May 03, 2014, 05:09:06 PM
 #29

please continue the discussion and vote in the revised poll for what to call 100 satoshis:

https://bitcointalk.org/index.php?topic=594575.0

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BitDreams
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May 03, 2014, 05:09:55 PM
 #30

Lock this thread Smiley Just learned how to use the feature today. It's in the lower left hand corner.
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