Bitcoin Institute

Re: Bitcent?

marcus_of_augustus April 17, 2011 11:53 UTC

0.9 microbitcoins is much easier to pronounce and pick up on. Consumers already use this when they speak of RAM and hard disk space in megabytes and gigabytes. IT corporations teaches them similar concepts. IT corporations don’t say this computer has 2,147,483,648 bytes of RAM. They say this computer has 2 gigabytes of RAM because it is way easier to communicate across to the consumer.

Your example with RAM is wrong in the sense that it is on the other side of the decimal point, kilos, megas and gigas not millis, micros and nanos … I’m struggling to think of a common usage of terms over many orders of magnitude on the right of the decimal point … ppm and ppb.

The easiest way out of all this is to give a name, any name, to the smallest denomination, BTC 1e-08 = 1 Satoshi, and then go up from there … upwards in orders of magnitude is much more familiar and commonly used than downwards.

e.g;
100 million satoshis = 1 BTC
10 million sts = 0.1 BTC
1 million sts = 0.01 BTC
100 thousand sts = 0.001 BTC
10 thousand sts = 0.000 1 BTC
1 thousand sts = 0.000 01 BTC
1 hundred sts = 0.000 001 BTC
10 sts = 0.000 000 1 BTC
1 sts = 0.000 000 01 BTC

I bet you 100 million sts it works out something like this.