Satoshi officially part of English dictionary

The Oxford English Dictionary has officially added the word ‘satoshi’. The dictionary introduced the word as part of a quarterly update. The official English dictionary defines a satoshi as ‘the smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a bitcoin’.

The dictionary also makes a reference to the origins of ‘satoshi’. They say it’s based on ‘the name of Satoshi Nakamoto (reportedly born in 1975), to whom the introduction of the Bitcoin system is attributed, presumed to be a pseudonym for one or more unknown persons’.

It’s not the first time the Oxford English Dictionary adds a word from the cryptocurrency space. In the last update the dictionary added the word cryptocurrency. In addition bitcoin joined the book five years ago in December 2014. These words will never be removed from the dictionary and are now officially part of English history.

No official Satoshi symbol yet

Bitcoin has been a part of your keyboard since June 2017. Code point U+20BF brings ₿ on your screen. Even Microsoft Excel embraced bitcoin a short while ago. While bitcoins are very popular, there aren’t many people who actually own one entire bitcoin. There are over 32 million bitcoin wallets, while there are only 17.99 million bitcoins on the market.

Of all bitcoin addresses 98.97% has less than one bitcoin in its wallet. Therefore it makes much more sense to talk about satoshi. The weird thing is, satoshi doesn’t have a logo yet. The monetary unit is often abbreviated as ‘sat’, but there’s no symbol for it.

Originally published at NEDEROB.