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Title: When will this happen? Post by: nakowa on July 11, 2011, 01:36:19 AM When will this happen? -- Standard BTC unit become 0.1 or even 0.01 rather than 1?
Now that 1 BTC is equivalent to around $15, using 1 BTC as regular base makes it sort of extravagant to spend BTC. What do you think? Are there names for 0.1BTC, 0.01BTC? Title: Re: When will this happen? Post by: Bitman_Begins on July 11, 2011, 01:42:23 AM 1 BTC is not $15... more like $15-20, we're in a lul right now.
I guess the simple answer is when the value goes up by 1 factor or 10?, then 2 factors of 10?.... I doubt it will ever happen, in the near future at least, but maybe in the distant future if this thing lasts a long time??...don't forget, that many of the 21M BTC to be produced will be lost due to computer crashes... Title: Re: When will this happen? Post by: error on July 11, 2011, 01:42:53 AM mBTC and µBTC are the most likely. I expect them to start being used after the BTCUSD price exceeds $271.82 and $271,828.18 respectively.
And there are several threads about this already. Title: Re: When will this happen? Post by: Vod on July 11, 2011, 02:12:07 AM What do you think? Are there names for 0.1BTC, 0.01BTC? The universal measuring system is metric, so 0.1 is a decicoin, 0.01 is a centicoin, 0.001 is a millicoin etc. Title: Re: When will this happen? Post by: silverchair on July 11, 2011, 03:03:42 AM What do you think? Are there names for 0.1BTC, 0.01BTC? The universal measuring system is metric, so 0.1 is a decicoin, 0.01 is a centicoin, 0.001 is a millicoin etc. I would prefer this one. ::) Title: Re: When will this happen? Post by: Jaime Frontero on July 11, 2011, 04:23:27 AM What do you think? Are there names for 0.1BTC, 0.01BTC? The universal measuring system is metric, so 0.1 is a decicoin, 0.01 is a centicoin, 0.001 is a millicoin etc. I would prefer this one. ::) i'm an american. with the obvious addition of the satoshi, i would prefer this too. we seem to have had some difficulties with mars orbits... Title: Re: When will this happen? Post by: Quantus on July 11, 2011, 04:31:30 AM Maybe they don't need names but colors to be associated with.
"On sale for only 25BTC" could mean .25 or .0025 Just an idea you could start to see people post prices like only .002155 Title: Re: When will this happen? Post by: wolftaur on July 11, 2011, 04:34:20 AM Maybe they don't need names but colors to be associated with. "On sale for only 25BTC" could mean .25 or .0025 Just an idea And guarantee that Bitcoins can't be used by any entity that must comply with the Americans with Disabilities Act, or other-country equivalents... And, as a partially blind Bitcoin user I oppose any such scheme entirely. Title: Re: When will this happen? Post by: Vod on July 11, 2011, 04:36:22 AM i'm an american. Sorry, I guess I should have said universal except for the United States. 8) Title: Re: When will this happen? Post by: silverchair on July 11, 2011, 04:45:58 AM No worries mate ;D
Title: Re: When will this happen? Post by: Jaime Frontero on July 11, 2011, 05:03:10 AM i'm an american. Sorry, I guess I should have said universal except for the United States. 8) that's ok. i'm used to it. i should be. oh hey! did you know that adam and eve rode to the corner convenience store on the back of a dinosaur? yeah. i'm used to it... Title: Re: When will this happen? Post by: mellowhead on July 11, 2011, 05:12:59 AM i'm an american. Sorry, I guess I should have said universal except for the United States. 8) Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept.... I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system. Title: Re: When will this happen? Post by: Jaime Frontero on July 11, 2011, 05:20:59 AM i'm an american. Sorry, I guess I should have said universal except for the United States. 8) Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept.... I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system. i'm completely bewildered by that. not a goddamn clue. Title: Re: When will this happen? Post by: Vod on July 11, 2011, 05:21:29 AM Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept.... I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system. The USA is the only country not using the metric system. I don't think Americans are opposed to it - they are just taught a different system. Title: Re: When will this happen? Post by: error on July 11, 2011, 05:22:07 AM i'm an american. Sorry, I guess I should have said universal except for the United States. 8) Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept.... I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system. I'm certainly not opposed to the metric system. But I also know that there is a stack of patchwork government regulations which mandate Imperial measurements (sometimes, along with metric). Title: Re: When will this happen? Post by: mellowhead on July 11, 2011, 05:32:35 AM i'm an american. Sorry, I guess I should have said universal except for the United States. 8) Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept.... I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system. I'm certainly not opposed to the metric system. But I also know that there is a stack of patchwork government regulations which mandate Imperial measurements (sometimes, along with metric). I do of course realize that there are a ton of legacy rules and regulations with regards to SAE in America, and that it would not be an overnight change. But it would likely make for a lot less work and confusion for some people who must deal with both systems for their job or whatever. Title: Re: When will this happen? Post by: Jaime Frontero on July 11, 2011, 05:34:07 AM i'm an american. Sorry, I guess I should have said universal except for the United States. 8) Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept.... I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system. I'm certainly not opposed to the metric system. But I also know that there is a stack of patchwork government regulations which mandate Imperial measurements (sometimes, along with metric). in the US, the metric system has been mandated since 1866 in the legal and commercial spheres: http://ts.nist.gov/WeightsAndMeasures/Metric/upload/HR-596-Metric-Law-1866.pdf [PDF ALERT] i note that since NASA booted a mars landing, they've used metric exclusively. since 2007. not counting the odd, existing spacecraft put together with imperial wrenches. i hate imperial measurement. i stopped thinking in it when i got my degree in physics, and i simply can't understand why it still exists. feet, fer chrissakes: real goddamn FEET! and some bizarre number of grains of wheat to the inch. shit. my head hurts... Title: Re: When will this happen? Post by: mellowhead on July 11, 2011, 05:39:35 AM Yah, physics and imperial measurement just don't mix. I learned that years ago in high school physics. As soon as my teacher explained the difference between weight and mass, it made total sense.
Title: Re: When will this happen? Post by: mellowhead on July 11, 2011, 05:40:46 AM BTW, sorry for getting this thread so off topic! :D
Title: Re: When will this happen? Post by: pilardi on July 11, 2011, 05:46:22 AM Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept.... I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system. The USA is the only country not using the metric system. I don't think Americans are opposed to it - they are just taught a different system. That is false for two reasons. The US does use the metric system for many things. It is taught in school and used by all scientists and most engineers. It's even used for some consumer products, though not very often. Secondly, other countries use a strange mix of metric and imperial as well. Namely England. England uses miles per hours for road signs and stones for weight. Yes, I watch Top Gear. :) Title: Re: When will this happen? Post by: bitplane on July 11, 2011, 10:08:57 AM Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept.... I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system. Unless you're typing on a non-Qwerty keyboard, you are also using an inferior system because it's what you know! (as am I) Quote from: pilardi Secondly, other countries use a strange mix of metric and imperial as well. Namely England. England uses miles per hours for road signs and stones for weight. Yes, I watch Top Gear. Yeah, it would be both expensive and dangerous to change all the road signs. We also drive on the left, it would be much cheaper in the long run to drive on the right side of the road, but sometimes you're just stuck with a seemingly arbitrary system for historical reasons. Only people are weighed and measured in imperial, but the latest generation of kids are using metric there too. I think it will be at least a century before we move to measuring beer in litres! |