Bitcoin Forum

Im curious about the statistics on this nowadays. Honestly I don't know if it's only me but im still used to BTC, even if it would be seen as inconvenient with small amounts, might be because I used BTC only for years. Lately I also learned dealing and managing in satoshis when I started getting small payments because of the sig campaigns. Im really slow when it comes to math so this helped me (experiencing it by using it yourself).
BTC + sat for me then, maybe BTC if I really had to choose.

the milibit is the best possible measure at least fornow. It is suitable and it can be treated as a cent.

I prefer to use btc and mbtc while using bitcoins in my day to day life.

If I was designing bitcoin from new I would've started with bits or mbtc from minute one. Unless you were born into tech skillz the normal human brain simply doesn't process small amounts priced in btc well. I think it's definitely a factor in turning off newbies.

Comfortable with BTC, mBTC and Satoshis.

I prefer Satoshi's as it is the easiest to comprehend to those who are unaware of bitcoins denominator values.

i think most people will choose an option most closest to 1 dollar, euro or pound. so that would be 0.001 for now and then 0.0001 in 6 months

but these fiat lovers are not thinking long term. im already using full bitcoins or 'bits' measure of 0.00000100, as i see the long term advantage of getting standardizing things for the long term and not just immediate-short term recognition

I get confused when some dice or gambling sites shows my balance in different form like bits, mbtc etc. I like to see my bitcoin in BTC form, for fiat also we use 0.01$ rather than cent. I also feel same for bitcoin and want it as whole bitcoin form.

I use all of them and I'm comfortable with none. All because a satoshi is 10e-8 and not 10e-9. Seriously, the metric system is based on a 10e3 rythmn:
- 1,000 is a thousand (10e3)
- 1,000,000 is a million (10e6)
- 1,000,000,000 is a billion (10e9)
- etc

And in the decimals:
- 0.001 is milli (10e-3)
- 0.000 001 is micro (10e-6)
- 0.000 000 001 is nano (10e-9)
- etc

Why did Satoshi decide to fuck logic when creating the "satoshi" unit? I know that he wanted to make people think that he was Japanese but then he should have based bitcoin on a 10e-4 system from the start. Here everyone can see that the logic is western but just fucks up at the very end.
I mean, just one more zero before the 1 and it would have been equal to a nano-bitcoin. But no, fuck logic, a satoshi is equal to a hundredth microbitcoin. And yes, because of that it's much harder to comprehend.

Bitcoins and satoshis meets all my needs when i measure BTC values. Any other unit just confuse me and i have to calculate.

I prefer satoshis, At first it was a bit confusing but now all the other terms likembtc i have no clue what people are talking about.

but imagine if walmart and 7-eleven pricetagged everything as decimals of $1000..
EG
$10 is D0.01

it is more easier to start from the bottom up than the top down. so imagine you have 0.00225630btc. ($10)
for long term standardization it should be 2256.30bits
because changing standards every 6months to a year is going to confuse people.
and sticking with 0.00225630btc is just going to pee people off not just for having to count zero's to make sure they dont accidentally send $100 or $1 instead of $10. but also those zero's will just remind people they dont have a whole coin.. so they will always feel they are losing out by never having a full bitcoin

'bits' just makes send long term

1 Bitcoin = 1.000.000 bits. easy.

end.

People will just have to get used to calculating their money in decimals, I don't think bits and mbits are going to catch on..

You have to understand BTC and SAT before you can understand bits and Mbits so it just adds another layer of complication..

I think it's easiest to say 33k sat, 512k sat, or 1.3m sat than to try to convert to the others..

I prefer using satoshis. I started with faucets that is why I am used to converting all in satoshis. Besides it makes bitcoin more larger.

I believe that any measurement that uses the metric system is the easiest way to discuss values in general when discussing an amount of bitcoin with someone else.  I believe that slang terms like "millie" or "satoshi" should just be left out when trying to have an honest conversation.  Everyone tends to know the metric system universally since it's used for every type of scientific measurement, and I think that it should be kept that way since bitcoin is trying to become the first global currency.

Plus I mean think about it... while everyone on here knows what a "satoshi" is, is there any real reason to be measuring your bitcoin value in satoshis? There is literally no value in a satoshi, and it's misleading to say you have 1K satoshi's on hand when that still is in a sense, nothing.

Satoshi and BTC.

Since the major part of the transaction happens with the fractions, I think it's more comfortable to talk about satoshi instead of trying to reading something with 8 decimal points using other units. If not, beeter to read the entire value.

But why someone would create a currency with 8 decimal points instead of using just atomic units is beyond me. Although I wouldn't to see this changing.


I don't get the point, however. There was one day where even 1 BTC was just fraction of cent of one US dollar. Saying you had 1000 BTC didn't mean anything relevant.

Just use BTC, it's not that hard to calculate to your own currency tho.
If you use other than BTC, it would take a more complicated to measure the values. First you have to look how much BTC worth in your local currency, then convert the mBTC(just for example) to BTC.

Same, it's the only way I can put things into context. Since the price of Bitcoin changes too much, the intermediate units make my mind get a bit confused, BTC and satoshi are the stuff I use the most.

Man that's actually a great idea! That's decided, from now on, my everyday unit will be the bit. That way I can consider these annoying counterintuitive satoshis as bitcents.

I use BTC as unit , anything else for me seem to be complicated to convert it to Euro , GBP , Dollar or other currencies . But overall it's just a matter of getting used to it , if you are used to use faucets etc ... you will more then likely know how to use Satoshi's and the other small units .

the smallest divisor for me, so 1 satoshi, you cna be more precise in the measurements for small numbers, and you don't need fancy suffix, that some may confuse

I find that the easier unit is the BTC, mBTC can also be useful when you're measuring smaller amounts, like a coffee or food.

I love using satoshi and normal BTC  anything else confuses me.

I am pretty accostumed to use BTC and satoshis, but when I see a quantity written in bits (for example) I have to do some mental math to get an exact idea of the value.

Also with BTC amounts not including the trailing 0s, I get a little confused. For example 0.000076 BTC is more confusing than 0.00007600 at least for me.

to be honest, visually 0.00007600 is easier to find the position (less need to double check if its 3-4 zero's in a quick glance.
0.000076 causes me to double check as losing a zero can cost alot

Many folks are comfortable with two places after the decimal point.  So with μBTC one Satoshi is 0.01μBTC making the Satoshi a little like a penny, especially when 1BTC=$1,000,000 or rather 1μBTC=$1.

mBTC or BTC is the best to measure the bitcoins.
For me I use more often the mBTC, because 1 dollar is 0.002 is around 1 dollar so that is just good to see how much 1 dollar or 100 dollar is. I will to like to know if other person have other measuring methods that I can use.

+500

I hate when they cut the last of the decimals off.

The one i use most is BTC .. just BTC

BTC is for me the main unit I am using. When I have to use satoshi or other unit I need to recalculate it :)
If I would vote for second I would chhose mBTC.

I am not familiar with micro or mili bitcoin, i prefer the highest or the lowest one so 1BTC or 1 satoshi

I am most comfortable with bitcoin and satoshi. I don't know why, probably because I've been using both since the beginning I started with bitcoin. I might start to change these things since they use different measurings on gambling sites and such.

I must admit that I am using BTC as unit as well. When I think about values, I think for example 0.00004800 BTCs.

4800 satoshis still confuses me and I do need slowly get my brain used to the thousands of satoshis and not the decimal points and zeros.

Obviously, BTC.

End of opinion.

Bitcoin and mbtc for now, bits for the future

Satoshi up to 9999 (when people say stuff like 500K satoshi I don't process it) and BTC for everything else online. It's awkward saying "point-zero-zero-one bitcoin" in actual speech though, so maybe mBTC could get a better name than "millie" and we could use that?

I'm way in the minority on this one:  I can't stand mBTC or "bits".  I much prefer either satoshi or BTC.  And I think there should only be one, which is BTC 0.xxxxxxxx.  You can't mistake it for anything else and it does the job every time. 

This is one of my huge pet peves, too many units of measurement which require endless fucking conversions.

I'm much comfortable when using the BTC itself as it's own measuring unit. It just makes me get really confused all the time when I see on other websites that they use smaller measuring unit and I have to use an online converter just to understand how much exactly it is in order to not get confuse. It's just makes the process a bit longer if other units used.

I just like to work off the fraction of one bitcoin. I get confused using mbtc and satoshis etc.

I prefer 1 btc as a unit because I find it the easiest to understand and calculate on the go.

Millies

I've done a lot of travelling, been in places for both short and long times. I always find some quick way to convert the local fiat to something I'm used to.
Here, it's USD

I look at prices in USD, double it and I've got millies approximately.
Vice versa works too, of course.
For most of this year the multiplier was higher tho.

Easy...

millies have confused me a couple of times now. Somehow the bitcoin measures got stuck in my head and I cannot stand looking at 100 mBTC for instance (shame on me, I work with those type of measures every day..)

I think i'll just need to invest a couple of mins to get used to the way it is put. As with increasing value, I think mBTC will become more and more common.

I really like BTC. Even if the numbers are ugly, like 0.003254 BTC, i still prefer this. I dont like all the 700mBTC and 920 Satoshis...

For me I like mBTC or BTC they are both good and nice to see the number of bitcoin.
The most people will go for BTC, because is easy to understand. For people is starting with bitcoins satoshi is also good to know.

For me it's BTC or satoshi. Satoshi because I started out with faucets and it was very easy for me to understand. Bitcoin because of obvious reasons. It's easy to compare it fiat and such. Also easy to convert, well actually since the price keeps rising I do have to keep up with the market prices.

I use units in context as well, Satoshis for very small values (faucets as well), and Bitcoins for others more valuable cases - even though most of the time it starts with zero point something - I got used to it pretty soon. The most important when using Satoshis is knowing 100 million Satoshis = 1 Bitcoin.

The pool should allow multi choice imo...

I dislike sites that use bits, mbits. Why can't they just stick to the  standard BTC or BTC nomenclature? There must be a standardization soon. Where is the Bitcoin foundation when we need them?

mBTC.

Because is the order of magnitude of my transactions and my payments :(

Same with me. We as faucet users started with just satoshis maybe that is why we are stucked in using this kind of measurement. I still do it with satoshis. It is really a lot easier for me in that way.

I prefer BTC as well, although I am okay with mBTC and Satoshi but BTC is what I use in my wallet and it is what I use in my conversions, some people are now starting to use Bits a lot but I don't like to use it much. These are the terms I was exposed to when I started my bitcoin journey and I don't see any reasons to use newer terms.

yeah agree with this, for me it seems i''m dealing with other complicated things whereas i could directly convert BTC in our currency.

i find satoshi is very comfortable while calculating any amount related with bitcoins and it also helps many newbies like me to understand it well

I tend to measure the BTC value by means of what goods / services I can get in return for BTC.

You'd be surprised, not everything is pegged to the USD, and that's how I like to price things myself. In terms of BTC.

I have chosen the Other' option cause i think "0.1" is a better unit as it is some usable amount, It could be considered as a 50$ bill/note .
1 bitcoin is quite big and smaller values are just cents. so the above one is the median and perfect i guess.

It depends on the amount and the context.

I mostly work in millibitcoins and have done since 2011:
    e.g. "34.6 mills".
If an amount is a whole number of bitcoins I'll use this:
    e.g. "4 BTC" or sometimes "4 bitcoins".
For tiny amounts such as fees I prefer microbitcoins and satoshis:
    e.g. "25 mics" or "2500 satoshis".

If the value of a bitcoin rises sufficiently, perhaps to around 10 USD/mBTC, then I'll probably rebase to mics.

Exact the same story even with me. I had and have again difficulty to perceive the real value of the amount of bitcoin I have or receive if it is not told in bitcoin. If are used mbtc, or other small units of measurement I have no idea what is the real value of that amount. Must convert it in bitcoin and then understand. Recently I am practicing in understand better those smaller units but always will be better for me if can be used bitcoin itself in expressing every kind of amount in bitcoin. Even if it will be 1 satoshi. Only in this way I can understand easily and immediately the real value of the amount in question. Compared to bitcoin itself but even compared to the other currencies.

How the fuck is 100 satoshi a bit while 0.001BTC is a millibit?  


Just use mills and crows.          

Mills for millibitcoin or millibit
Crows for microbitcoin or microbit. (What most people call bit now).

It's also easy to remember for people not used to using milli and micro in their daily life. A crow is much smaller than a mill.    

Written down you can use mBTC and μBTC (alternate if you can't write μ is uBTC )

I prefer to use BTC as opposed to those other units of measurement, I always need to look them up when someone mentions satoshis or mBTC.
And I don't really mind seeing values like 0.01 or 0.001 BTC

I prefer mbtc the mili units, its easier to count how many numbers behind the coma

I often make mistake especially when i bet in gambling web

I can not select one specifically for it all depends on the amount of the transaction we are talking about.  If I am talking about a 1 BTC transaction, I am not going to mark it as 100 million satoshi.  It is just the same as using your country currency, you break it down as the amount gets larger.  When I am buying something for 50 cents, I use cents and when I buy something for $10, I use the term of dollars. 

I'm most comfortable with BTC, though I think that "bits" might become the most common unit in the future.

"satoshi" is too much of a mouthful. I wish people would just start saying "sat" for that unit.

Yes bits is better though some are used with others. Like me I just cant stop computin it as satoshi. Even my friends always used that word. They still prefer it like that and they can understand it better.

As others have mentioned, I prefer Bitcoin itself for higher priced items, but I go with Satoshis for smaller transactions. Those are the two that I learned first and work most naturally for me.

I know the metric system applied to bitcoin "makes sense" but I have a miserable time keeping straight which is which between mBTC and uBTC, which could have gotten me in trouble a couple times. I agree that not having anything between satoshis and bitcoins creates a large awkward hole in the middle for items of moderate price. But somehow I just don't see "bits" or something similar catching on.

Hopefully Bitcoin pricing will continue to move up and someday 1 satoshi will actually be worth something! :-)

Yeah, it's all or nothing for me too. BTC for big prices, satoshi for anything that would qualify as everyday purchases, such as doing groceries type of money. I don't buy much stuff with Bitcoin so im sure in the future once it's more common to do so, people will just keep used to it. I have some friends in Europe and when they went from their national currency to the EUR it was a pain in the ass at first too, but people got used to it.

I already posted my opinion here, but I'm glad people agree with me and that I'm not crazy.  "Bits" to me is like centigrams, a unit that I never use and that shouldn't exist.  I know what it is, but it just requires too much thought and an unnecessary conversion.  As I said, it's a pet peeve, like Roman numerals.

I always use 0.01 BTC or 0.128 BTC as I find it more easy. At this point BTC is the best unit measure for me. I could try to work more with mBtc, but that's more for the future.

mbtc for me is getting me dizzy. It is like I dont know where to multiply it. Just like the other day when someone paid me 3.5mBTC . Crap I dont know how will I calculate it.  ;D I am really not good with that.

I only like "satoshis"

Many websites measure it in mBTC and uBTC, it's really annoying and it's mostly cant be changed.

Satoshi is the best and people should learn to use that, since if the price goes really up, satoshi will be the base unit of it :D