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Author Topic: Imagine bitcoin is the currency of the future! would you rename?  (Read 3604 times)
clonedone
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May 09, 2011, 02:49:53 PM
 #1

would you want to rename Bitcoins to Credits?

"Hey how much is that jetpack that runs on body heat alone?"
"oh just 1500 bitcoins, we also got financing you could be paying just 15 bitcoins a month!"

now imagine this

"Hey how much is that jetpack that runs on body heat alone?"
"oh just 1500 credits, we also got financing you could be paying just 15 credits a month!"

dosent it just sound so much more cooler?
of course if this ever happens, the 21 million limit might be a problem cus it dosent sound cool when you say this:

"Hey how much is that jetpack that runs on body heat alone?"
"oh just .4678 credits, we also got financing you could be paying just .0032 credits a month!"

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May 09, 2011, 04:37:34 PM
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"Hey how much is that jetpack that runs on body heat alone?"
"oh just .4678 credits, we also got financing you could be paying just .0032 credits a month!"

Just 467.8 millies!

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May 09, 2011, 05:22:59 PM
 #3

Bitcoins definitely Bitcoins.

You should start a poll.

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May 09, 2011, 05:32:01 PM
 #4

In the future there will be gold coins, silver coins, and coins. Hint: we use coins.

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May 09, 2011, 08:12:13 PM
 #5

I like the idea of dropping the 's' since it's not really in discrete counting units.  "We use coin."  "How much is that?  50 coin."  "No, not your corporation, the apples you're selling!  Oh, 25 satoshi."

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May 09, 2011, 08:38:21 PM
 #6

Let just rename bitcoin to satoshi.  Cheesy

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May 09, 2011, 10:04:37 PM
 #7

Let just rename bitcoin to satoshi.  Cheesy

That would be like calling bitcoin "Rodriguez" or something, it's probably a reasonably common second name in Japan. I like the idea of dropping the "s" by the way. Smiley

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May 09, 2011, 11:24:03 PM
 #8

Poll options:

The global currency system that evolves from Bitcoin should be called...
Bitcoin
Credits
Coins


Personally, I think we should define 1 credit = 1 satoshi, so 1 bitcoin = 100 megacreds.
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May 10, 2011, 02:23:48 AM
 #9

I kinda like the idea of dropping the S in plural, makes it sound more japanese, "I'm being stalked by a group of ninja!", "Gotta catcha all the pokemon!" "I got 100 bitcoin!" (i wish)

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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May 10, 2011, 02:47:01 AM
 #10


1Ⓑ=1 diamond
.01Ⓑ=1 emerald
.0001Ⓑ=1 ruby
.000001Ⓑ=1 sapphire
.00000001Ⓑ=1 opal

That way, bitcoinage can be measured in terms of carrots.  Cheesy

Seriously, though, drop the "s".  IMO, that gives it a much more Firefly-like sound to it.

Also, I'm in favor of naming the smallest possible unit a satoshi in homage to the bitcoin creator.
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May 10, 2011, 02:48:18 AM
 #11

What about when we need to go further than the 8'th case?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

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May 10, 2011, 02:57:15 AM
 #12

What about when we need to go further than the 8'th case?

Well, if we name .00000001Ⓑ=1 satoshi, then that value would still retain its name even if additional decimal points were added later (which I doubt will be necessary).  Whatever happens, that value has historical significance as the smallest possible unit in satoshi's initial implementation.
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May 10, 2011, 09:35:52 AM
 #13

Some day people will pay in nanosatoshi Smiley

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May 11, 2011, 03:34:44 AM
 #14

I like the idea of calling it "bits". Added bonus: It doesn't actually require a rename, just inevitable laziness.
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May 11, 2011, 04:30:31 AM
 #15

Some day people will pay in nanosatoshi Smiley

Is that even possible?  I thought a satoshi was the smallest increment of BTC possible in the code, i.e. .000 000 01 BTC
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May 11, 2011, 05:04:20 AM
 #16

I dislike the word "credit" because it implies a fiat value, if not pure debt. It can sound "cool" and futurey and stuff - unless you're a rabid anti-debt-financing economics nerd like I am, in which case it sounds poisonous.

I concur with dropping the "S" and slanging it to "coin". It's concise, descriptive, and has almost as much geek whimsy as referring to grams of gold as "GP".

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May 11, 2011, 07:13:50 AM
 #17

Some day people will pay in nanosatoshi Smiley

Is that even possible?  I thought a satoshi was the smallest increment of BTC possible in the code, i.e. .000 000 01 BTC

It's my understanding that all it would take would be to update the client to handle more decimal places; there is no inherent property of Bitcoin that mandate we stop at the eighth decimal place..

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

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May 11, 2011, 07:24:16 AM
 #18


I like 'bitgold'


..... anyone want to help me clone the client and start a new fork? ... I need at least two people who will connect with my client and seed the new p2p network. Basically we just simply take the source, search and replace 'bitcoin' with 'bitgold' and start generating gold ... we need to change few things like port number and etc so it plays nicely with bitcoin and we could also change a few rules like say issue the say total amount of bitgold as there is currently physical grams of gold in the world and keep it inflating at same approx. rate that gold is being mined up ~2.25% ... first adopters get to mine the most bitgold.

The Script
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May 11, 2011, 09:09:53 AM
 #19

Some day people will pay in nanosatoshi Smiley

Is that even possible?  I thought a satoshi was the smallest increment of BTC possible in the code, i.e. .000 000 01 BTC

It's my understanding that all it would take would be to update the client to handle more decimal places; there is no inherent property of Bitcoin that mandate we stop at the eighth decimal place..

I suppose you are right, but would everyone accept the change?  It seems like if you make any fundamental changes to the client like that many people will be distrustful of them?  Also, it seems unlikely that we'll ever need to do that.  Eight decimal places should be enough divisibility for any sort of future I can imagine.  But who can tell...
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May 11, 2011, 09:10:33 AM
 #20

Also, I would call the currency "bitcoin".  No need to change it, it's awesome the way it is. 
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