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Why not Bitoshi and why Satoshi?


Kate

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Posted

Bitcoin for being too Big because to complete a whole bitcoin value we need 1.00000000 BTC so Instead of saying it as 0.0002 BTC or 0.1 BTC we use the word 20,000 Satoshi or 1,00,00,000 Satoshi which is in smaller terms and means like 1 Millionth of a Bitcoin or that many amount of BTC. And this can be used in other coins for example in Ethereum we say it as 10000 etoshi's instead of 0.0001 ETH and in Litecoin we say 100,000 Litoshi's instead of 0.001 Litecoin and etc.

My main question here is if you notice in Litecoin and Ethereum the common thing is the first three words of the coin are used along with the word oshi's so why in Bitcoin is it Satoshi and not Bitoshi's ? Kind of a puzzler ain't it ?

Well i mainly guess it was named after the creator of Bitcoin Satoshi Nakamoto so if you see the first word its same like Satoshi's minus the s at the end.

Why not use Bitoshi's instead of Satoshi's ? Why do you think Satoshi is used rather than Bitoshi ? 

  • Moderator
Posted

The founder of the bitcoin, Satoshi Nakamoto. Well, I don't know the whole story why it using satoshi. Maybe in my assumption, because he was the founder of bitcoin, in order to respect his work. His name used on a bits bitcoin.

Anyway, it easier to pronounce Satoshi than Bitoshi, and dunno. I really like to pronouncing Satoshi, Bitoshi are really hard to pronounce to me, or maybe it because I speak satoshi more often than bitoshi? 

Posted

Ethoshi? Haven't heard of that. Ethereum have several names for smaller amount such as Wei, GWei, Kwei, but I don't think "Ethoshi" is one of them.

I believe, the reason behind "Satoshi" is it is named after the creator of Bitcoin's Whitepaper, Satoshi Nakamoto. Most products, even places or other things are named after their founder/creator. And imo, Litecoin didn't think of that so they just copied the "oshi" :D But again, never heard of "Ethoshi", who came up with that unit name? 🤔

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