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I believe the preferred naming for 0.01 BTC is a Satoshi [1]. They were named such to honour the author of the original paper. [1] Third sentence: http://en.wi
by TheAntipodean 13y ago
I believe the preferred naming for 0.01 BTC is a Satoshi [1]. They were named such to honour the author of the original paper.
[1] Third sentence: http://en.wikipedia.org/wiki/Bitcoin http://en.wikipedia.org/wiki/Bitcoin
- anateus 13y agoThe sidebar on the right mentions that a Satoshi is actually 0.00000001 BTC
- TheAntipodean 13y agoThank you. Round 3 =]
- tetrad 13y ago0.01 BTC is in fact a bitcent, and a Satoshi is much smaller (0.00000001 BTC) https://en.bitcoin.it/wiki/FAQ#What_do_I_call_the_various_denominations_of_bitcoin.3F https://en.bitcoin.it/wiki/FAQ#What_do_I_call_the_various_de...
- TheAntipodean 13y agoThank you for clarifying that. My mistake! Round two!
- redthrowaway 13y agoA Satoshi is defined as 10 ^ -8 BTC. Actually, it's more accurate to say that a Bitcoin is defined as 10^8 Satoshis, as the Satoshi is the actual atomic unit of exchange.
- TheAntipodean 13y agoAhh thank you for clarifying that. My mistake.