Renaming the smallest units of Bitcoin – Bitcoin Magazine

This is an opinion editorial Don McAllister, a technologist who has produced several video tutorials on Bitcoin.

Bitcoin was worthless when it was created; it had no monetary value. Early adopters can mine hundreds or even thousands of bitcoins on simple laptops. So there was no need to list it in units other than whole bitcoin. The Bitcoin protocol was designed to accommodate smaller fractional units, but in the early days there was no need to use them, as tens, hundreds, or even thousands of bitcoins were the norm. The first known purchase using bitcoin was 10,000 bitcoins for a few pizzas.

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