All hail Weitoshi Nakagwei
@@ -40,12 +40,13 @@ when 1 ether becomes worth 10,000,000,000x as much as 1 bitcoin, we find unlikel
Rather than prematurely optimize, incorporating a 2 integer ratio of `x` wei to `y` satoshi and changing the call semantics,
we leave this as a future exercise for governance.
-NOTE: The Medianizer in user for tBTC v1 is what Maker calls an ETHBTC feed,
+NOTE: The Medianizer in used for tBTC v1 is what Maker calls an ETHBTC feed,
meaning it returns the price of 1 ETH in BTC to a precision of 18 decimals.
There is no name for the 18th decimal of BTC, since the smallest named
-denomination of a BTC is 10^-8^, the satoshi. To get the ratio of `x` wei : 1
-satoshi, tBTC must convert the ETHBTC value to the number of wei in 1 sat; it
-does this by dividing 10^28^ by the Medianizer value.
+denomination of a BTC is 10^-8^, the satoshi, so we refer to it henceforth as a
+"weitoshi". To get the ratio of `x` wei : 1 satoshi, tBTC must convert the
+ETHBTC value (1 ETH in weitoshi) to the number of wei in 1 sat; it does this
+by dividing 10^28^ by the Medianizer value.
== Future design
