So you want to name 100 satoshi as a unit? But I don't really understand what you want to say. You can buy whatever amount of bitcoins you want so how that should effect bitcoin?

Basically yes. A unit that people new to bitcoin would think in. So Joe or Mary off the street would think: "Gee, I want to buy bitcoin. Look, it costs less than a cent! I should buy some!"

My initial entry sounds kinda confusing I guess. I didn't want a discussion about what it would be called, hence I use the phrase "100 satoshi denomination". Rather a discussion about how to implement it, as a unit that would be the norm.

I think it would be easier to implement if it had a name, that people could relate to and almost forget "bitcoin" and think more in this denomination. But my real question is: "How do we get the ball rolling. How do we make this happen?"

Its like this:  no matter how much engineers and other science types wish and believe it to be otherwise, there is a psychological "sweet spot" for stocks which ranges from around 20 to 100 bucks.  Dropping below 10 implies that the company is in trouble.  Above 100 and its "too expensive".  Also, on the too expensive side, non-techies have a much harder time on the right side of the decimal point (i.e. 0.00345 BTC) then on the left+2 decimals (3.45 mBTC).  This is WHY stock splits happen, since the nominal purchasing unit is 100 shares, its not like the stock has gotten "too expensive" for someone to buy.

From the perspective of someone who's been arguing for this since 2012, we need to stop sweating the details and just DO it.  

You may prefer milli or micro, "bits", "finneys" or "uBTC" but I think ANY of that is better than staying at BTC.  So please throw your vote behind ANY and ALL proposals to actually do it.  Once wallets and online services start to do it, a common use name (and likely denomination, I mean milli vs. micro) will naturally emerge.

actual steps for everyone to follow.. dont worry the first 4 are easy, even you can do it..... and should

5 get used to using measurements of 100sat
6 put a request on the bitcoin github to ask devs to default 100sat as the first choice. and to rename ubtc as a common name such as bits or whatever consensus is.... as long as its not zib as that word has been taken and used as a currency and binary measurement already

from http://en.wikipedia.org/wiki/Z_with_stroke#As_currency

http://en.wikipedia.org/wiki/Zebibyte
Zib is also a measure of binary!!!

i do laugh when all the excuses to not use bit, but to use zib.... actually also apply to zib

Implementing a smaller denomination is best achieved in a 2-step process.

1. Asking (nicely!) Bitcoin website owners and software authors to support "bits" for display purposes which users can select as a drop-down or config option, or showing both btc and bits where appropriate.

2. Publicizing a "switch-over" date, such as January 1st 2015, when the option becomes a default setting.

This allows months of time to see that the ecosystem is still on-board with the change, the rate of it being supported and feedback from users. Perhaps a website or thread could track all the various Bitcoin sites and systems where "bits" can be seen.

There are merits to other names: mikes, ubits etc, but the fact is no name is perfect. There will always be a difference of opinion. What is most important is making Bitcoin easier to use for everyone, and that is eliminating small decimals and the psychological barrier of a high unit value.

Seems reasonable, though there is enthusiasm for a simple term for general use.
A non-Latin character or an embedded capital letter, certainly do not help except for in limited technical usage.

This is genius. Who could do it though? Some Joe off the blog won't get far asking website owners.

Jeebuz, franky. Didn't your mom ever teach you that when you resort to lying, you lose the argument?

zib != Zebi

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Besides, a Zebizib would be many many times more bitcoins than will ever exist.

me liar? check the link


here ill hand you the link http://en.wikipedia.org/wiki/Zebibyte

want me to get team viewer access and type it for you too?

if you think wiki is lying then how about:
http://www.techopedia.com/definition/5259/zebibyte-zib
http://www.thefreedictionary.com/zebibyte
http://forbrains.co.uk/standards/si_and_data_size_units

Zib is USED as a symbol for the measure of binary data, specifically 2⁷⁰..
take large numbers EG mega, giga, well it is larger than TiB, larger then PiB, next is EiB.. and then ZiB

goodluck in your research, and have a nice day