/biz/ - Business & Finance

>>25002655
The world could use a good Japanizing.
I think the community chose the name too, not himself. And the creator deserves to have it named after him, akin to having a face on a coin.

It's actually from Finnish word "sata" which means hundred. "Satoja" is plural.

>>25002655
originally, Satoshis were called "bitcents."

0.0000001 were bits
0.00000001 were bitcents

He should have just called it bitcorn and each piece a kernel

I would have prefered if it was named a John or a Georges

Satoshi never wanted them to be called satoshi

there were no name for "satoshis" back then as bitcoin was worth few cents. Once it was 2-digits price people from bitcointalk goeas with that idea, reddit catch it up and here we are with satoshis.

t. I was lurking bitcointalk in 2012

>>25002655
1 Satoshi will equal 1 hundred of whatever future currency they decide upon.

You will be able to trade in your future currency for Satoshi

>>25003097
Old fag spotted

>japanize=bad

>>25002655
API3 is satoshi. satoshi is a place, not a person.

>>25002655
referring to prices in terms of 'sats' sounds cyberpunk enough for me to be down with it

>>25003407

>>25002655
>>25003045
No it doesn't
It's a gay name but at least everyone calls it sats for shorthand

>>25002655
he wasn't the one that started calling them that.
also you call them "sats", sounds better now huh?

Also 1 sat = 1 cent btw

why did they call it a bitcoin, should have called it a cuckbuck.

btw if 100 sats is 1 baseline bitcoin unit in the future then 1 BCH is a million of those.
making it divisible by 8 is pretty neat.

>>25003726
If bitcoin hits 1 million dollars then 1 sat will equal one cent then a 2020 us dollar's worth of value will be too great to transact with for small purchases

satoshi wanted to call them Bitcents

>>25003846
if bitcoin gets near being worth 1 million USD it'll be because of hyper inflation and then USA will issue new dollars where something like 100k old USD = 1 new USD

>>25004481
Nope
Zoom out unironically
I'm talking in 2020 dollars, hell more like 2017
The marketcaps of asset classes bitcoin could easily absorb at least a portion of are already in the hundred trillion USD range

>>25004029
That wouldn't make any sense because a cent is 1/100th of something
They could be called bitpence/pennies because penny is an ancient word for the lowest denomination of a currency
Butt fuck it, sats is fine as long as we all agree to never refer to them as SatOashinakamotorolakuns desu

>>25002655
>japanize
what does this even mean?

>>25004593
zoom what out?

>>25002655
>why did he named bitcoin smaller units "satoshi"
It's a secret, but think Saturn.