If the BTC ever reaches astronomical levels, we need a consistent Satoshi symbol to visualize payments in the smallest unit.
But if such an astronomical value is ever reached, the user would need a symbol for the smallest unit of bitcoin.
It would be too cumbersome to specify everything in Bitcoin. For example, 0.00001000 BTC writes and talks harder than just talking about 1000 Satoshi. Square App is well aware of this issue and started a mass move on Twitter, asking its followers to submit designs for a new icon for the Satoshi.
The Twitter community responded by submitting dozens of designs and began a major conversation about the inclusion of Bitcoin and Satoshi symbols to facilitate the future of Bitcoin payments to people.
The spontaneous initiative was supported by Square, a San Francisco-based payment app developed by Twitter founder and Bitcoin supporter Jack Dorsey. The company’s crypto-centered team asked its supporters to submit designs for the Satoshi Sign.
Just as the “@” sign simplifies and speeds up Internet communication, the Satoshi character would change the way Bitcoin is transmitted.
The response Square received on Twitter was enormous, with the initiative receiving hundreds of responses and retweets. While there were dozens of different designs, almost all focused on the same idea and used the dollar symbol.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube