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Subject: Re: [Bitcoin-development] "bits": Unit of account
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-----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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