📅 Original date posted:2014-04-21
📝 Original message:Let me make a sacrilegious proposal: keep using the name "bitcoin", and
shift the decimal point.
There would be a short adaption period, where people will need to talk
about "new bitcoins" and "old bitcoins" in order to disambiguate them.
However, Bitcoin users are techies, so I don't think that the ambiguity
will be a big issue. I don't think lots of people will mistakenly send
1000 times more than the amount they intended.
The name "bitcoin" has a huge advantage over any other proposal, because
it is already established. No marketing is needed.
This kind of renaming has already taken place many times in history,
because the currency was debased. Bitcoin would be the first time it
happens in the other direction.
Thomas Voegtlin [ARCHIVE] /
npub10f…7ej47
2023-06-07 15:18:54
in reply to nevent1q…nl89
Author Public Key
npub10f96gqrsu4qpygfgvuvzce47aavjvql703egfde0l2hua8dzpszs67ej47Published at
2023-06-07 15:18:54Event JSON
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"content": "📅 Original date posted:2014-04-21\n📝 Original message:Let me make a sacrilegious proposal: keep using the name \"bitcoin\", and\nshift the decimal point.\n\nThere would be a short adaption period, where people will need to talk\nabout \"new bitcoins\" and \"old bitcoins\" in order to disambiguate them.\nHowever, Bitcoin users are techies, so I don't think that the ambiguity\nwill be a big issue. I don't think lots of people will mistakenly send\n1000 times more than the amount they intended.\n\nThe name \"bitcoin\" has a huge advantage over any other proposal, because\nit is already established. No marketing is needed.\n\nThis kind of renaming has already taken place many times in history,\nbecause the currency was debased. Bitcoin would be the first time it\nhappens in the other direction.",
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