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I'm curious what the naming conventions are going to be to transact bitcoin on a regular (offline) basis. Are you going to say 1/10 bitcoin or will that have a
by joelrunyon 9y ago
I'm curious what the naming conventions are going to be to transact bitcoin on a regular (offline) basis.
Are you going to say 1/10 bitcoin or will that have a name?
One thing I haven't seen anyone talk about is the language to make bitcoin more accessible.
No other currency (that I know of) has 1 unit as the MAX unit to transact (at such a high value) with no smaller denominations.
If Bitcoin really DOES end up at 100k/coin - and you want to buy something that's $10, are you really going to say .0001 bitcoin? There has to be a cleaner way. Even that, you could easily screw up decimal spots very easily.
- moronicalox 9y agoIt does have a name. You're talking about mBTC and bits https://en.bitcoin.it/wiki/Units https://en.bitcoin.it/wiki/Units
- joelrunyon 9y agoThis all seems way more complicated than "buck", "quarter", "dime", etc? Maybe I'm just not used to it yet - maybe they're just use the first part? "san", "deca", "mil"