Topic: For the History of Bitcoin: Where was coined the name satoshi for 0.00000001BTC? (Read 1127 times)
September 17, 2014, 05:13:27 PM
Did satoshi intend any names for the values?
September 17, 2014, 03:40:00 PM
Keep digging
I like the idea I saw in another thread of calling a very small division (say .0001 bitcoin) a Satoshi. This honors the founder in a similar way that US$ honors the founders & important presidents by putting their images upon currency; such as calling the $100 bill graced by Ben Franklin a "benjamin". Also, those same founders are roughly ranked in the order of significance(to the founders of the federal reserve) by putting the most favored upon the lowest denomination.
If you keep digging, you may find other references to using the name "satoshi" for a division of bitcoin, but I'm not sure that you'll find it specifically for 0.00000001 BTC:
I like the idea I saw in another thread of calling a very small division (say .0001 bitcoin) a Satoshi. This honors the founder in a similar way that US$ honors the founders & important presidents by putting their images upon currency; such as calling the $100 bill graced by Ben Franklin a "benjamin". Also, those same founders are roughly ranked in the order of significance(to the founders of the federal reserve) by putting the most favored upon the lowest denomination.
Meh, I read all of that, including the reply to that post which is (allegedly) technically the first time someone mentioned it should be exactly 0.00000001 BTC. I still think those guys are not the originators of the term, how can you give someone credit for the idea that starts out with "I like the idea I saw in another thread..."?? The first person to mention Satoshi to be used as a name for a small portion of Bitcoins should get that title, regardless of the number they stated IMO.
Let's look at both things. Who proposed the term satoshi for exactly 0.00000001 and who did it for another fraction. I believe both things are interesting by itself.
September 16, 2014, 07:41:27 PM
Keep digging
I like the idea I saw in another thread of calling a very small division (say .0001 bitcoin) a Satoshi. This honors the founder in a similar way that US$ honors the founders & important presidents by putting their images upon currency; such as calling the $100 bill graced by Ben Franklin a "benjamin". Also, those same founders are roughly ranked in the order of significance(to the founders of the federal reserve) by putting the most favored upon the lowest denomination.
If you keep digging, you may find other references to using the name "satoshi" for a division of bitcoin, but I'm not sure that you'll find it specifically for 0.00000001 BTC:
I like the idea I saw in another thread of calling a very small division (say .0001 bitcoin) a Satoshi. This honors the founder in a similar way that US$ honors the founders & important presidents by putting their images upon currency; such as calling the $100 bill graced by Ben Franklin a "benjamin". Also, those same founders are roughly ranked in the order of significance(to the founders of the federal reserve) by putting the most favored upon the lowest denomination.
Meh, I read all of that, including the reply to that post which is (allegedly) technically the first time someone mentioned it should be exactly 0.00000001 BTC. I still think those guys are not the originators of the term, how can you give someone credit for the idea that starts out with "I like the idea I saw in another thread..."?? The first person to mention Satoshi to be used as a name for a small portion of Bitcoins should get that title, regardless of the number they stated IMO.
September 16, 2014, 07:13:01 PM
Keep digging
I like the idea I saw in another thread of calling a very small division (say .0001 bitcoin) a Satoshi. This honors the founder in a similar way that US$ honors the founders & important presidents by putting their images upon currency; such as calling the $100 bill graced by Ben Franklin a "benjamin". Also, those same founders are roughly ranked in the order of significance(to the founders of the federal reserve) by putting the most favored upon the lowest denomination.
If you keep digging, you may find other references to using the name "satoshi" for a division of bitcoin, but I'm not sure that you'll find it specifically for 0.00000001 BTC:
I like the idea I saw in another thread of calling a very small division (say .0001 bitcoin) a Satoshi. This honors the founder in a similar way that US$ honors the founders & important presidents by putting their images upon currency; such as calling the $100 bill graced by Ben Franklin a "benjamin". Also, those same founders are roughly ranked in the order of significance(to the founders of the federal reserve) by putting the most favored upon the lowest denomination.
September 16, 2014, 06:46:56 PM
Here's a reference from December 30, 2010:
https://bitcointalksearch.org/topic/m.34530
It talks about "calling a very small division a Satoshi", but it suggests 0.0001 BTC since 0.00000001 "is too small to be used in any normal context within my lifetime".
So, it looks like the concept caught on in this forum between late December 2010 and sometime in February 2011.
https://bitcointalksearch.org/topic/m.34530
It talks about "calling a very small division a Satoshi", but it suggests 0.0001 BTC since 0.00000001 "is too small to be used in any normal context within my lifetime".
So, it looks like the concept caught on in this forum between late December 2010 and sometime in February 2011.
Keep digging
I like the idea I saw in another thread of calling a very small division (say .0001 bitcoin) a Satoshi. This honors the founder in a similar way that US$ honors the founders & important presidents by putting their images upon currency; such as calling the $100 bill graced by Ben Franklin a "benjamin". Also, those same founders are roughly ranked in the order of significance(to the founders of the federal reserve) by putting the most favored upon the lowest denomination.
September 16, 2014, 06:16:46 PM
Was in this forum? Any link to the corresponging thread? Who was the first to propose it?
I believe it was coined on this forum, though I can't find the thread as there are too many search results.
Here are the earliest references I can find to "satoshi" as a 0.00000001 BTC. They are all dated around February 2011.
https://bitcointalksearch.org/topic/m.44021
https://bitcointalksearch.org/topic/m.1776572
https://bitcointalksearch.org/topic/m.50593
https://bitcointalksearch.org/topic/m.46648
Here's a reference from December 30, 2010:
https://bitcointalksearch.org/topic/m.34530
It talks about "calling a very small division a Satoshi", but it suggests 0.0001 BTC since 0.00000001 "is too small to be used in any normal context within my lifetime".
So, it looks like the concept caught on in this forum between late December 2010 and sometime in February 2011.
From your link, this post seems to be the winner of the archeological research for the moment:
Ok, we will have 0.00000001 BTC a satoshi?
September 16, 2014, 05:36:07 PM
Was in this forum? Any link to the corresponging thread? Who was the first to propose it?
I believe it was coined on this forum, though I can't find the thread as there are too many search results.
Here are the earliest references I can find to "satoshi" as a 0.00000001 BTC. They are all dated around February 2011.
https://bitcointalksearch.org/topic/m.44021
https://bitcointalksearch.org/topic/m.1776572
https://bitcointalksearch.org/topic/m.50593
https://bitcointalksearch.org/topic/m.46648
Here's a reference from December 30, 2010:
https://bitcointalksearch.org/topic/m.34530
It talks about "calling a very small division a Satoshi", but it suggests 0.0001 BTC since 0.00000001 "is too small to be used in any normal context within my lifetime".
So, it looks like the concept caught on in this forum between late December 2010 and sometime in February 2011.
September 16, 2014, 02:35:00 PM
I remember when it happened here. We thought no one would use that unit for 10 years, it seemed so ridiculously small an amount.
September 16, 2014, 02:22:12 PM
Was in this forum? Any link to the corresponging thread? Who was the first to propose it?
I believe it was coined on this forum, though I can't find the thread as there are too many search results.
Here are the earliest references I can find to "satoshi" as a 0.00000001 BTC. They are all dated around February 2011.
https://bitcointalksearch.org/topic/m.44021
https://bitcointalksearch.org/topic/m.1776572
https://bitcointalksearch.org/topic/m.50593
https://bitcointalksearch.org/topic/m.46648
September 16, 2014, 01:06:42 PM
Was in this forum? Any link to the corresponging thread? Who was the first to propose it?
I believe it was coined on this forum, though I can't find the thread as there are too many search results.
September 16, 2014, 12:52:49 PM
Is writing history books for infant technologies (5 yrs old) the new thing now?
Naa...just curious...I behave as a 5 years old sometimes...
September 16, 2014, 12:51:01 PM
Is writing history books for infant technologies (5 yrs old) the new thing now?
September 16, 2014, 12:47:25 PM
Was in this forum? Any link to the corresponging thread? Who was the first to propose it?
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