Why Nostr? What is Njump?
2023-06-07 15:19:00
in reply to

Jannis Froese [ARCHIVE] on Nostr: 📅 Original date posted:2014-04-20 📝 Original message:-----BEGIN PGP SIGNED ...

📅 Original date posted:2014-04-20
📝 Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

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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