Maybe we could compromise and call 100 sats a bit. That would give everyone the two decimal placed that they are accustomed to, everywhere in the world.

A sat could be 1/100th of a bit. And Bitcoin will only refer to the technology as a whole, not a unit.

I don't think the 2 billion people that know about bitcoin will be confused by the change, or seeing the price suddenly drop by 1,000,000x when an exchange updates their terminology.

While we are at is should probably make a Satoshi equal 100 bits too. It makes sense to make these changes at the same time. So it'd be like a $100 bill. Everyone in the world is familiar with an American $100 bill, and this would give the creator more respect than getting the tiniest unit.

Besides, having two terms to refer to the same thing (sats/satoshis) is more confusion than people could possibly handle. Imagine using quid and pounds interchangeably, or bucks and dollars. It'd never work!

I look forward to helping clear the confusion about how much a bitcoin costs, is worth, and explaining to the tax man that you bought 0.1 bitcoin for $10,000 and then sold 10000 bitcoin for $10. Obviously they'll get it.

/s