Let's start talking in Alitins...
Ok all you bitcoin junkies...it's time!
We all knew that we were going to need to adjust the bitcoin decimal point eventually.
We are seeing tremendous growth in the bitcoin network and usage. The value of bitcoin
is skyrocketing and we need to adjust the way we speak when talking about bitcoin
fractionals. On this system, we have moved the decimal 6 places to the right so
instead of thinking in terms of fractions, we can speak in more familiar whole numbers
1,234,567.89 μBTC (or alitins)
Of course, you are still using bitcoins in your transactions just like you always
have, but now you have a tool that makes it easier to refer to them.
So instead of saying... "I am going to give you 0.005643 bitcoin",
you can make it easier and say... "I am giving you 5,643 micro-bitcoins (or
Signing up for an account will allow you to hold your coins in an encrypted wallet
for safe keeping. Our system can also be used to bypass the transaction fees associated
with sending bitcoins.
So instead of trusting an organization on the other side of the world to manage
your bitcoin wallet and exchange transactions, consider relying on an organization
in your own back yard that is fully compliant with the laws of your land! Rest assured
we are managing your valued asset in a way you can depend on. We are here
for the long haul.
Why the name "Alitin"?
Back in 1582, an Italian economist by the name of Gasparo Scaruffi proposed a standardized
currency called the "Alitinonfo" meaning "True Light". He was an expert in the practical
difficulties arising from having a plurality of minted coins in his day. He wanted
to see the creation of a universal currency so that the inefficiencies of multiple
currencies could eventually be erased. It sounds simple, but at the time this was
a very revolutionary idea!
In honor of his great proposal, we have shortened the name to Alitin. As you may
already know, one Satoshi is widely considered to be the smallest increment of bitcoin
possible (0.00000001 BTC), so on our system, and in tribute to Gasparo, we decided
to adopt an alternate name for micro-bitcoins (.000001 BTC), calling them alitins.