[Bitcoin-development] "bits": Unit of account

Jannis Froese s9jafroe at stud.uni-saarland.de
Sun Apr 20 17:47:05 UTC 2014


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I agree that a unit based on 1e-6 BTC is easier to use in practice
than BTC. The name microbitcoin is ok-ish. Nearly all countries
officially use the SI-system, but that doesn't mean that the average
citizen knows all the SI prefixes. Mega, kilo and milli are
universally understood, micro not so much. This is a serious
accessibility concern.

But I dislike the term bit for the already stated reasons: It's
already used in various languages for various things. Simply using
Satoshis may be easier and is universally understood.
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