📅 Original date posted:2017-12-14
📝 Original message:An alternative to "training" users to understand SI prefixes could be to
make 100 satoshi = 1 mu, spelling out the Greek letter.
Although the Units <https://en.bitcoin.it/wiki/Units>; page on the wiki has
been brought up to argue against naming 10,000 satoshi = 1 finney, I would
like to support this designation. It seems to be gaining some popular
support on Twitter & podcasts. So at $10,000 BTC/USD, 1 finney = $1.00. The
smallest unit of value would be 0.0001 finney = 1 satoshi. Finney has a
natural abbreviation as fin, and 100 mu = 1 finney.
The Units page also refers to "bitcent" as 0.01 BTC, but if a "bit" is 100
satoshi, then what is a "bitcent" in that context?
/bikeshed
@Natanael you're exactly right. There are already multiple uses of "bits"
within bitcoin itself.
@Sjors I don't think a redefinition of 'satoshi' is going to happen ;-)
-Clark
On Thu, Dec 14, 2017 at 4:01 PM, Natanael via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> Reposting /u/BashCo's post on reddit here, for visibility:
>
> ---8<---------------------------------------------------------------
>
> > Before anyone says 'bits' are too confusing because it's a computer
> science term, here's a list of homonyms [https://en.wikipedia.org/wiki
> /List_of_true_homonyms] that you use every day. Homonyms are fine because
> our brains are able to interpret language based on context, so it's a
> non-argument.
>
>
> This ignores the fact that there exists multiple meanings of bits *within
> the same context*, and that beginners likely can't tell them apart.
>
> Feel free to try it yourself - talk about Bitcoin "bits" of a particular
> value with somebody who doesn't understand Bitcoin. Then explain that the
> cryptography uses 256 bit keys. I would be surprised if you could find
> somebody who would not be confused by that.
>
> Let's say a website says a song is 24 bits. Was that 24 bit audio
> resolution or 24 bit price? Somebody writes about 256 bit keys, are that
> their size or value?
>
> You guys here can probably tell the difference. Can everybody...? Bits
> will cause confusion, because plenty of people will not be able to tell
> these apart. They will not know WHEN to apply one definition or the other.
>
> https://www.reddit.com/r/bitcoin/comments/24m3nb/_/ch8gua7
>
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
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Clark Moody [ARCHIVE] /
npub1nr…0hypj
2023-06-07 18:08:43
in reply to nevent1q…najm
Author Public Key
npub1nr02dq8fsgnt758nyp29waulhwwhj6j9gmlsqsknlwjem2hu8twqp0hypjPublished at
2023-06-07 18:08:43Event JSON
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"content": "📅 Original date posted:2017-12-14\n📝 Original message:An alternative to \"training\" users to understand SI prefixes could be to\nmake 100 satoshi = 1 mu, spelling out the Greek letter.\n\nAlthough the Units \u003chttps://en.bitcoin.it/wiki/Units\u003e page on the wiki has\nbeen brought up to argue against naming 10,000 satoshi = 1 finney, I would\nlike to support this designation. It seems to be gaining some popular\nsupport on Twitter \u0026 podcasts. So at $10,000 BTC/USD, 1 finney = $1.00. The\nsmallest unit of value would be 0.0001 finney = 1 satoshi. Finney has a\nnatural abbreviation as fin, and 100 mu = 1 finney.\n\nThe Units page also refers to \"bitcent\" as 0.01 BTC, but if a \"bit\" is 100\nsatoshi, then what is a \"bitcent\" in that context?\n\n/bikeshed\n\n@Natanael you're exactly right. There are already multiple uses of \"bits\"\nwithin bitcoin itself.\n\n@Sjors I don't think a redefinition of 'satoshi' is going to happen ;-)\n\n\n\n-Clark\n\nOn Thu, Dec 14, 2017 at 4:01 PM, Natanael via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e\n\u003e Reposting /u/BashCo's post on reddit here, for visibility:\n\u003e\n\u003e ---8\u003c---------------------------------------------------------------\n\u003e\n\u003e \u003e Before anyone says 'bits' are too confusing because it's a computer\n\u003e science term, here's a list of homonyms [https://en.wikipedia.org/wiki\n\u003e /List_of_true_homonyms] that you use every day. Homonyms are fine because\n\u003e our brains are able to interpret language based on context, so it's a\n\u003e non-argument.\n\u003e\n\u003e\n\u003e This ignores the fact that there exists multiple meanings of bits *within\n\u003e the same context*, and that beginners likely can't tell them apart.\n\u003e\n\u003e Feel free to try it yourself - talk about Bitcoin \"bits\" of a particular\n\u003e value with somebody who doesn't understand Bitcoin. Then explain that the\n\u003e cryptography uses 256 bit keys. I would be surprised if you could find\n\u003e somebody who would not be confused by that.\n\u003e\n\u003e Let's say a website says a song is 24 bits. Was that 24 bit audio\n\u003e resolution or 24 bit price? Somebody writes about 256 bit keys, are that\n\u003e their size or value?\n\u003e\n\u003e You guys here can probably tell the difference. Can everybody...? Bits\n\u003e will cause confusion, because plenty of people will not be able to tell\n\u003e these apart. They will not know WHEN to apply one definition or the other.\n\u003e\n\u003e https://www.reddit.com/r/bitcoin/comments/24m3nb/_/ch8gua7\n\u003e\n\u003e\n\u003e\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20171214/73f8b8ef/attachment-0001.html\u003e",
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