Unit name for 1000 satoshis (0.00001 BTC)

empoweoqwj

hero member

Activity: 518

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Quote from: ktorn on January 10, 2014, 10:45:16 AM

Quote from: empoweoqwj on January 10, 2014, 07:01:49 AM

If the community ever decides to name all these units, it won't be done through some random thread from a noob - sorry, its not going to happen that way.

I couldn't care less in which way it happens, as long as it happens eventually.

The funny thing about you calling me a noob is that I probably started using Bitcoin a couple of years before you did (received my first 0.02 BTC in May 2011 to be exact, so feel free to correct me if I'm wrong). I don't consider myself an expert in Bitcoin (altough I have already been called one), but I also don't consider myself a noob. You should not judge a person by their forum registration date or number of posts.

Carry on, making up names that nobody will use. Knock yourself out

reg

sr. member

Activity: 463

Merit: 250

to end this I went in my time m/c into the future and its called a "federation credit".

ktorn

newbie

Activity: 32

Merit: 0

Quote from: empoweoqwj on January 10, 2014, 07:01:49 AM

If the community ever decides to name all these units, it won't be done through some random thread from a noob - sorry, its not going to happen that way.

I couldn't care less in which way it happens, as long as it happens eventually.

The funny thing about you calling me a noob is that I probably started using Bitcoin a couple of years before you did (received my first 0.02 BTC in May 2011 to be exact, so feel free to correct me if I'm wrong). I don't consider myself an expert in Bitcoin (altough I have already been called one), but I also don't consider myself a noob. You should not judge a person by their forum registration date or number of posts.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: ktorn on January 10, 2014, 04:24:24 AM

Quote from: empoweoqwj on January 09, 2014, 10:19:04 PM

Of course the person running the poll doesn't "insist". He has no authority in the community. This poll will be forgotten the day after its closes.

Firstly, this thread isn't a poll, and it has no closing day.

Secondly, I'd like to think that my lack of authority in this forum/community does not detract in any way from the logic of my argument.

My argument is here, and it will stay here. It may be forgotten tomorrow, but it might also be revived in the future, such is the wonder of web-search.
After all this forum is no stranger to the revival of 2-year old threads!

If the community ever decides to name all these units, it won't be done through some random thread from a noob - sorry, its not going to happen that way.

ktorn

newbie

Activity: 32

Merit: 0

Quote from: empoweoqwj on January 09, 2014, 10:19:04 PM

Of course the person running the poll doesn't "insist". He has no authority in the community. This poll will be forgotten the day after its closes.

Firstly, this thread isn't a poll, and it has no closing day.

Secondly, I'd like to think that my lack of authority in this forum/community does not detract in any way from the logic of my argument.

My argument is here, and it will stay here. It may be forgotten tomorrow, but it might also be revived in the future, such is the wonder of web-search.
After all this forum is no stranger to the revival of 2-year old threads!

Phinnaeus Gage

legendary

Activity: 1918

Merit: 1570

Bitcoin: An Idea Worth Spending

Quote from: BittBurger on January 09, 2014, 11:56:13 AM

Let's call the little ones "P Diddy's"

And the Litecoin counterpart "Bo Diddley".

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: DeboraMeeks on January 09, 2014, 03:27:43 PM

I think we have enough units as of now but if you insist I think we can name it K.satoshi Tongue

or maybe thousand satoshi's.

Of course the person running the poll doesn't "insist". He has no authority in the community. This poll will be forgotten the day after its closes.

brioche

full member

Activity: 192

Merit: 100

I vote for 0.00001 BTC to be named a Miku.

DeboraMeeks

hero member

Activity: 588

Merit: 500

I think we have enough units as of now but if you insist I think we can name it K.satoshi Tongue

or maybe thousand satoshi's.

BittBurger

hero member

Activity: 924

Merit: 1001

Let's call the little ones "P Diddy's"

ktorn

newbie

Activity: 32

Merit: 0

Quote from: empoweoqwj on January 09, 2014, 06:39:40 AM

Probably the worse name to date, KSS, whatever next ....

I did say (emphasis added now) :

Quote from: ktorn on January 09, 2014, 02:05:12 AM

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss') Grin

And at the end:

Quote from: ktorn on January 09, 2014, 02:05:12 AM

Now tell me that we don't need a damn unit name for a KSS! Tongue

The point of my post was not really to suggest KSS as a name. It was to ask if a name existed and if not, then why it is badly needed, because it's the unit that is equivalent with USD in terms of subunits (both with 1000 subunits). I could have written XXX instead of KSS. So let me rephrase it in those terms:

1000 Mills = 1 USD; 1000 satoshis = 1 XXX

The community needs to:

work out a name for XXX
stop talking about a 21 million BTC limit
start talking about a 2.1 trillion XXX limit
stop talking about 1 BTC being valued at hundreds of US dollars
start talking about 1 XXX being valued at a fraction of a US dollar

Looking forward to enlightened rebuttals.

Xav

member

Activity: 78

Merit: 10

Quote from: ktorn on January 09, 2014, 02:05:12 AM

I guess the answer is: there isn't one!

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss') Grin

1 KSS = 0.00001 BTC

Given the current BTC/USD price of $949.35, it means 1 KSS is worth $0.0094935

So next time someone new to Bitcoin raises the issue of limited supply and inflated price I will compare apples to apples (or dollars to kisses Grin

) and point at the fact that there will be 2.1 trillion KSS (nearly double of total USD) in circulation and that currently 1 KSS is worth less than a US cent.

Today you're not just buying 1 BTC for $949.35, you're buying 100,000 KSS, and a $4 coffee costs 421.340 KSS.

Now tell me that we don't need a damn unit name for a KSS! Tongue

Sounds great to me.

1 sat = 1 exp -8 BTC = 1 satoshi
10 sat = 1 exp -7 BTC = 1 big satoshi (or 1 nakamoto)
100 sat = 1 exp -6 BTC = 1/10 kiss = little kiss
1000 sat = 1 exp -5 BTC= 1 ksat = 1 kilo satoshi = 1 kiss
10,000 sat = 1 exp -4 BTC = 10 kiss = big kiss
100,000 sat = 1 exp -3 BTC = 100 kiss = 1/10 smack = little smack (~ buck today)
1,000,000 sat = 1 exp -2 BTC = 1000 kiss = mega kiss = smack
10,000,000 sat = 1 exp -1 BTC = 10 smack = big smack
100,000,000 sat = 1 BTC = 1 full blow (uko or ~ grand today)

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: ktorn on January 09, 2014, 02:05:12 AM

I guess the answer is: there isn't one!

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss') Grin

1 KSS = 0.00001 BTC

Given the current BTC/USD price of $949.35, it means 1 KSS is worth $0.0094935

So next time someone new to Bitcoin raises the issue of limited supply and inflated price I will compare apples to apples (or dollars to kisses Grin

) and point at the fact that there will be 2.1 trillion KSS (nearly double of total USD) in circulation and that currently 1 KSS is worth less than a US cent.

Today you're not just buying 1 BTC for $949.35, you're buying 100,000 KSS, and a $4 coffee costs 421.340 KSS.

Now tell me that we don't need a damn unit name for a KSS! Tongue

Probably the worse name to date, KSS, whatever next ....

ktorn

newbie

Activity: 32

Merit: 0

I guess the answer is: there isn't one!

So let's take ThePurplePlanet's suggestion and call it temporarily KSS (kilo satoshi, but you can pronounce it 'kiss') Grin

1 KSS = 0.00001 BTC

Given the current BTC/USD price of $949.35, it means 1 KSS is worth $0.0094935

So next time someone new to Bitcoin raises the issue of limited supply and inflated price I will compare apples to apples (or dollars to kisses Grin

) and point at the fact that there will be 2.1 trillion KSS (nearly double of total USD) in circulation and that currently 1 KSS is worth less than a US cent.

Today you're not just buying 1 BTC for $949.35, you're buying 100,000 KSS, and a $4 coffee costs 421.340 KSS.

Now tell me that we don't need a damn unit name for a KSS! Tongue

wanksta11

newbie

Activity: 47

Merit: 0

dolaroshi? Cheesy

centoshi?

ThePurplePlanet

full member

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Merit: 100

kilo satoshis aka ks Grin

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: AliceWonder on January 08, 2014, 11:57:46 PM

It's called 10 microbitcoins.

Metric system is well established.

How do you type 10 microbitcoins into a calculator?

AliceWonder

full member

Activity: 168

Merit: 100

It's called 10 microbitcoins.

Metric system is well established.

empoweoqwj

hero member

Activity: 518

Merit: 500

Quote from: Fontastically on January 08, 2014, 11:50:00 PM

Quote

Hello to you too. Just giving my opinion, same as you.

No harm intended Wink

Cool. No harm done Wink

Fontastically

newbie

Activity: 8

Merit: 0

Quote

Hello to you too. Just giving my opinion, same as you.

No harm intended Wink

Topic: Unit name for 1000 satoshis (0.00001 BTC) (Read 1951 times)