The Satoshi is a stupid unit. Make them all nano in that range. There's no need to break up the standard greek prefixes.
As bitcoins are currently divisible to 8DP - the smallest existing unit (satoshi) is actually 10nanocoins.
If it had been 9DP I might agree - but the satoshi seems somewhat entrenched in this regard.
Seriously? Nobody gonna flame the homophobe?
I gave the benefit of the doubt and assumed it was gen-Y speak for 'lame'. Yeah, the origin of using 'gay' that way is homophobic too... but it's probably a losing battle to fight the way young-uns speak. The fact they know it grates a bit on some people, and that they often just perceive people who complain about it as overly 'PC'.. will probably just make them want to use it more.
I don't know why the association between rainbows and 'gay'.. but I can see that too much colour can have a 90's geocities era crappy web feel!
the Satoshi (100000000 Satoshi's to the BTC) is the smallest unit available, so not sure what you would do with the piccoins if you had any... You wouldn't be able to create any transactions with them, or render them in the bitcoin client...
I had in mind they might be used in certain applications such as games, or other systems not directly running bitcoin wallets where small costs might need to be allocated. I probably could've left off pico and stopped at the pinkies though.
who, besides bitcoin enthusiasts, wants to remember seven different colors and names for amounts of bitcoins?
I think gold and silver are pretty much a given for BTC and bitcents - very intuitive.
After that - it's only 3 more. Blue,green red. (forget pink and brown - it's just illustrative and/or future use or special applications)
Nobody needs to 'remember' a bunch of colours before getting going.
The whole point is that the user interfaces would automatically display these along with other visual cues such as the word (millicoin,microcoin etc) and a different icon. Memory of colour associations would come with time just as people get familiar with the colours of their local currencies notes/coins.
I gather USD notes aren't very colourful.. this isn't the case for some other world currencies.
What about an interface with buttons of the various divisions, you can click on the appropriate one for whatever you are buying enter the amount of the transaction in a short form without worrying if you got enough zeros. This should be easier for people in general to use with less mistakes, its not necessary today but in the future for sure. Not to toss the colour coded one out but have a couple of differing ways.
Yeah - my previous example of displaying 0.00159265 in blue was perhaps not the best -as that's really a fraction of the gold unit BTC.
A nicer user interface might be to flip it to millicoins and enter 1.59265
equivalent to flipping to microcoins and entering 1592.65
or even satoshis 159265
The colour should be just one cue along with the unit name and visually distinguishable icon.