Category Archives: dictionary

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Satoshi Added to Oxford English Dictionary

The word satoshi has been officially added to the Oxford English Dictionary, which is perhaps one of the most popular dictionaries in the world. The exact definition for satoshi in the dictionary is “the smallest monetary unit in the Bitcoin digital payment system, equal to one hundred millionth of a Bitcoin”, and the word can be spelled with an upper or lowercase and it is considered a noun. Additionally, the dictionary mentions that the word satoshi is derived from Satoshi Nakamoto, who is the anonymous creator of Bitcoin.

As the price of Bitcoin has increased over the years, from hundreds of dollars to thousands of dollars and even tens of thousands of dollars, the word satoshi has become increasingly important. This is because only fractions of Bitcoins are used when purchasing goods or services, and when making small purchases it is easier to understand the price in terms of satoshis.

For example, USD 1 is currently equivalent to 0.00012195 Bitcoin, which is 12,195 satoshis. It can be seen how defining small purchases in terms of satoshis instead of Bitcoin is easier and prevents missing a decimal place, which can lead to a payment that is an order of magnitude off.

 

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Bitcoin Added to Scrabble Dictionary

Popular board game Scrabble has added the word Bitcoin to its official dictionary, defining Bitcoin simply as a digital currency. This is a milestone for Bitcoin, showing how far it has penetrated mainstream culture. This follows Bitcoin being added to the Merriam-Webster dictionary in 2016, with the slightly more detailed definition of “A digital currency created for use in peer-to-peer online transactions”.

Scrabble was created 80 years ago in 1938, and 150 million sets have been sold since then. The game is sold in 121 countries across 29 languages. The goal is to arrange letters into words on the gameboard, with players getting rewarded points for each word they successfully deploy.

Bitcoin getting added to the official Scrabble dictionary is a big deal for aficionados. It is such a popular game that numerous tournaments are held worldwide, where pride, reputation and possibly money are on the line. During competitions, players must only use words from the official Scrabble dictionary. If a player uses a word that is widely used but not in the official Scrabble dictionary, the competing player would probably challenge it, causing the player being challenged to get no points for their word and lose their turn, which can ultimately cause that player to lose the game.

Therefore, even though Bitcoin is a word with widespread use, up until now if a player used it during Scrabble they risked losing their points and turn. Now the game has changed and players can use the word Bitcoin even in official tournaments.

 

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