Bitcoin's real problem is the "BTC" unit is divisible to 8 decimal places ( http://bitcoin.org/en/about ). Why is that a problem? Most people don't know what a decimal place is and can't divide. So imagine asking people to not only divide, but divide to 8 decimal places every time they do any sort of financial transaction, no matter how insignificant. For example, a $4 frappuccino costs 0.02116402 BTC.<p>The solution: A unit I'm calling "BTU", Bitcoin Units. It's nothing more than a BTC divided to 8 decimal places, making it an indivisible currency unit like a yuan. No division, no decimal places, just integers. Everybody can easily understand it.<p>Any reason why we can't accept this new term?
I don't think people would be any happier paying 10,000,000 satoshis for a pair of alpaca socks than they would 0.10 BTC. Some people in the community are pushing for mBTC (1/1000 BTC) which would give more readable prices (and probably spur another mini-bubble towards dollar parity).
The satoshi is divisible. The software just doesn't handle it at the moment.<p><a href="https://en.bitcoin.it/wiki/FAQ#How_divisible_are_bitcoins.3F" rel="nofollow">https://en.bitcoin.it/wiki/FAQ#How_divisible_are_bitcoins.3F</a>