Author: Jannis Froese 2014-04-20 17:47:05
Published on: 2014-04-20T17:47:05+00:00
The writer of the context agrees that a unit based on 1e-6 BTC is easier to use in practice than BTC, as the name microbitcoin is okay but not universally understood. While nearly all countries officially use the SI-system, the average citizen may not know all the SI prefixes such as mega, kilo, and milli, and thus, accessibility becomes a concern. The writer dislikes the term 'bit' due to its various uses in different languages. Instead, using Satoshis may be easier and more widely understood.
Updated on: 2023-06-08T20:07:28.873171+00:00