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Revised 2019

satoshinoun

  1. 2012–
    The smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin. Cf. Bitcoin n.
    1. 2012
      There's..talks on colored coins, which is nothing but an implementation of Ripple on top of Bitcoin, using satoshis (10^-8 btc) to represent IOUs.
      European Central Bank trying to come to Grips with Electronic Currencies in Ripple Project (Usenet newsgroup) 12 November
    2. 2013
      You don't have to spend whole Bitcoins: each one can be split into 100m pieces (each known as a Satoshi), and spent separately.
      Guardian 26 November (G2 section) 6/3
    3. 2015
      The minimum transaction fee is currently set to 1,000 satoshis or 0.00001 bitcoins.
      P. Franco, Understanding Bitcoin ix. 155
    4. 2017
      The Saw Mill Café in east London accepts satoshis.
      Times (Nexis) 3 November