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Diffstat (limited to 'bip-0176.mediawiki')
| -rw-r--r-- | bip-0176.mediawiki | 2 |
1 files changed, 1 insertions, 1 deletions
diff --git a/bip-0176.mediawiki b/bip-0176.mediawiki index 60311c4..2f5ee9f 100644 --- a/bip-0176.mediawiki +++ b/bip-0176.mediawiki @@ -16,7 +16,7 @@ Bits is presented here as the standard term for 100 (one hundred) satoshis or 1/ == Motivation == The bitcoin price has grown over the years and once the price is past $10,000 USD or so, bitcoin amounts under $10 USD start having enough decimal places that it's difficult to tell whether the user is off by a factor of 10 or not. Switching the denomination to "bits" makes comprehension easier. For example, when BTC is $15,000 USD, $10.05 is a somewhat confusing 0.00067 BTC, versus 670 bits, which is a lot clearer. -Additonally, reverse comparisons are easier as 59 bits being $1 is easier to comprehend for most people than 0.000059 BTC being $1. Similar comparisons can be made to other currencies: 1 yen being 0.8 bits, 1 won being 0.07 bits and so on. +Additionally, reverse comparisons are easier as 59 bits being $1 is easier to comprehend for most people than 0.000059 BTC being $1. Similar comparisons can be made to other currencies: 1 yen being 0.8 bits, 1 won being 0.07 bits and so on. Potential benefits of utilizing "bits" include: |