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Title: Is it time to switch to satoshis ??? Post by: exynos645 on August 30, 2013, 06:34:43 PM Hello,
I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin. Title: Re: Is it time to switch to satochis ??? Post by: HeliKopterBen on August 30, 2013, 07:00:59 PM *satoshi's
Title: Re: Is it time to switch to satochis ??? Post by: exynos645 on August 30, 2013, 07:09:11 PM *satoshi's so satochi's is the plural of satochi ? Title: Re: Is it time to switch to satochis ??? Post by: Remember remember the 5th of November on August 30, 2013, 07:15:30 PM *satoshi's so satochi's is the plural of satochi ? Title: Re: Is it time to switch to satochis ??? Post by: Kluge on August 30, 2013, 07:26:49 PM *satoshi's so satochi's is the plural of satochi ? Title: Re: Is it time to switch to satoshis ??? Post by: ronimacarroni on August 30, 2013, 07:50:33 PM Hello, I think 1 cBTC (centibitcoin) sounds better than 1 million satoshisI hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin. Title: Re: Is it time to switch to satoshis ??? Post by: slob on August 30, 2013, 07:52:35 PM If...
1 BTC = 1 bitcoin 0.01 BTC = 1 cBTC = 1 centibitcoin (also referred to as bitcent) 0.001 BTC = 1 mBTC = 1 millibitcoin (also referred to as mbit (pronounced em-bit) or millibit or even bitmill) 0.000 001 BTC = 1 μBTC = 1 microbitcoin (also referred to as ubit (pronounced yu-bit) or microbit) 0.000 000 01 BTC = 1 satoshi (pronounced sa-toh-shee) Bitcents or centibits or CBits seem to be a more manageable value. Unless BTC's value changes, of course! 1 centibit = $1.235 So, that coffee and danish will be 2 centibits. Title: Re: Is it time to switch to satoshis ??? Post by: HeliKopterBen on August 30, 2013, 07:55:39 PM Ok satoshi's is wrong but what is right... satoshis
Or would the plural of satoshi be satoshi kind of like deer is the plural of deer Has this even been defined yet? Title: Re: Is it time to switch to satoshis ??? Post by: Kluge on August 30, 2013, 08:08:28 PM Ok satoshi's is wrong but what is right... satoshis ... Huh. I've never heard it suggested that satoshi could have an irregular plural form... Normally, something ending in -is turns into -es, so it'd be satoshes - but satoshi only ends in -is once plural (if regular), so that doesn't apply.Or would the plural of satoshi be satoshi kind of like deer is the plural of deer Has this even been defined yet? -i is a semi-common irregular plural suffix. Cactus->cacti - so it could stay the same, and I don't think many would think twice. I'm not sure we can use English rules on a Japanese word/name, though. Trying to think of a singular noun which ends in i... (What was this thread about? -- Oh. Yeah. This has been discussed a lot. With the minimum fee on many transactions, and the default rules on the smallest amount which can be sent without being "dust," going with Satoshis would require most people add a shit-load of zeros.... zeroes...... ..... ..... huh.) ETA: Ski -> skis. khaki -> khakis. Regular. I'm pretty sure satoshi would turn into satoshis. Looks weird. Skis looks weird, too, though, so I guess it's all fine. Title: Re: Is it time to switch to satoshis ??? Post by: og kush420 on August 30, 2013, 09:19:38 PM not yet, even if bitcoins were $10,000 each satoshi would be relatively worthless
Title: Re: Is it time to switch to satoshis ??? Post by: HGT24 on August 30, 2013, 09:33:12 PM Hello, I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin. Why would people be more inclined to own 1 million satoshis that 0.01 BTC? it is just a number. not a value. please explain this concept to me. For example, let's say I was living in Zimbabwe. Let's also say, that in Zimbabwe, they widely accept US Dollars and Zimbabwe notes. The merchants don't really care which currency they receive. Now let's say that $5 US Dollars are equal to $100 Trillion Zimbabwe dollars. I don't think more people would be inclined to own the $100 trillion zimbabwe notes over the $5 USD. Denomination doesn't matter. value does. This concept of using satoshis because they are a smaller denomination does not make sense to me. This goes along the lines of splitting a stock price so that "more people can afford it". Stock splits don't result in "more people being able to afford" the stock. It just means people are getting more shares for the same price. Same value, smaller denomination. Makes no difference. Title: Re: Is it time to switch to satoshis ??? Post by: ixxi on August 30, 2013, 09:54:37 PM Hello, I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin. Why would people be more inclined to own 1 million satoshis that 0.01 BTC? it is just a number. not a value. please explain this concept to me. For example, let's say I was living in Zimbabwe. Let's also say, that in Zimbabwe, they widely accept US Dollars and Zimbabwe notes. The merchants don't really care which currency they receive. Now let's say that $5 US Dollars are equal to $100 Trillion Zimbabwe dollars. I don't think more people would be inclined to own the $100 trillion zimbabwe notes over the $5 USD. Denomination doesn't matter. value does. This concept of using satoshis because they are a smaller denomination does not make sense to me. This goes along the lines of splitting a stock price so that "more people can afford it". Stock splits don't result in "more people being able to afford" the stock. It just means people are getting more shares for the same price. Same value, smaller denomination. Makes no difference. There is the psychological border. Some people are less inclined to buy 0.01 BTC than 1 million satoshis, even when they know very well the value is exactly the same. Title: Re: Is it time to switch to satoshis ??? Post by: ronimacarroni on August 30, 2013, 10:49:40 PM It could be
1 Bitcoin= 1BTC 0.1= 1 Bitdime 0.01= 1 Bitcent Title: Re: Is it time to switch to satoshis ??? Post by: Xyver on August 31, 2013, 01:28:49 AM Should stick with International notation, milli and micro.
1 BTC = 1000 millibitcoins (mBTC) 1 mBTC = 1000 microbitcoins (uBTC) 1 uBTC = 100 satoshis. Right now is a good time for millibitcoins, 1 mBTC=~10 cents. Title: Re: Is it time to switch to satoshis ??? Post by: nobbynobbynoob on August 31, 2013, 01:33:44 AM Satoshi is one, satoshi are many. But that's just my take and it doesn't make it more correct than someone else pluralizing as "satoshis", for example.
Peeps can denominate in smaller units according to their preference at any time. Personally I'll be inclined to think much more in mBTC when the exchange rate is firmly over about 300 USD, but again, that's somewhat arbitrary and that's just me. My Mycelium mobile wallet is already configured in mBTC. Title: Re: Is it time to switch to satoshis ??? Post by: mokahless on August 31, 2013, 05:51:14 AM 100,000,000 SA is one bitcoin
A coffee is 1,000,000 SA (significantly rounded) This is too large for my taste but I can see SA becoming common when you can buy a coffee for 1,000 SA or less. Title: Re: Is it time to switch to satoshis ??? Post by: Phinnaeus Gage on August 31, 2013, 06:23:33 AM Since we're speakin' of plural(s), satoshii comes to mind.
Title: Re: Is it time to switch to satoshis ??? Post by: Abdussamad on August 31, 2013, 07:44:04 AM For example, let's say I was living in Zimbabwe. Let's also say, that in Zimbabwe, they widely accept US Dollars and Zimbabwe notes. The merchants don't really care which currency they receive. Zim has had a dollarized economy for a few years now. The local currency isn't used at all. And people will accept dollars in any country on the planet. Title: Re: Is it time to switch to satoshis ??? Post by: johnyj on August 31, 2013, 10:50:02 AM Let's keep the zeros until the value of daily consumption items drop below 0.001, many units usually give a feeling of dirt cheap, too many zeros can result in some error in counting
Title: Re: Is it time to switch to satoshis ??? Post by: elor70 on August 31, 2013, 01:55:31 PM I personally hate satoshis nomal bitcoins are da best
Title: Re: Is it time to switch to satoshis ??? Post by: Mitchell on August 31, 2013, 01:57:45 PM If... I am going with this. I like this the most.1 BTC = 1 bitcoin 0.01 BTC = 1 cBTC = 1 centibitcoin (also referred to as bitcent) 0.001 BTC = 1 mBTC = 1 millibitcoin (also referred to as mbit (pronounced em-bit) or millibit or even bitmill) 0.000 001 BTC = 1 μBTC = 1 microbitcoin (also referred to as ubit (pronounced yu-bit) or microbit) 0.000 000 01 BTC = 1 satoshi (pronounced sa-toh-shee) Bitcents or centibits or CBits seem to be a more manageable value. Unless BTC's value changes, of course! 1 centibit = $1.235 So, that coffee and danish will be 2 centibits. Title: Re: Is it time to switch to satoshis ??? Post by: bumpk1nK on August 31, 2013, 02:03:59 PM Right now is a good time for millibitcoins, 1 mBTC=~10 cents. This. Will not cause much havoc as the price touch 9x cents though 1 USD may be psychological barrier ;) Title: Re: Is it time to switch to satoshis ??? Post by: exynos645 on August 31, 2013, 03:32:40 PM what about k sotachi ? 1000 000 satochis becomes 1000k (no need to say satochi because it is obvious).
Title: Re: Is it time to switch to satoshis ??? Post by: nobbynobbynoob on August 31, 2013, 03:46:21 PM Zim has had a dollarized economy for a few years now. The local currency isn't used at all. Indeed, they use USD, ZAR and gold, mainly. Quote And people will accept dollars in any country on the planet. Dollars are not widely accepted in the EU. You'll need eubles (or pounds in the UK, crowns in Denmark, Sweden, Czechia, and so on). Gold and silver might pass muster, and maybe a few very touristy places handle USD at unfavourable exchange rates (to you!). Title: Re: Is it time to switch to satoshis ??? Post by: dancupid on August 31, 2013, 04:00:24 PM what about k sotachi ? 1000 000 satochis becomes 1000k (no need to say satochi because it is obvious). I personally think this is the way to go. No one likes decimal points. 1c is better than $0.01. And 64kB is better than 0.000000000064 Petabytes1 1.(I know it's wrong - I was tempted to work it out, but....) Title: Re: Is it time to switch to satoshis ??? Post by: nobbynobbynoob on August 31, 2013, 05:00:16 PM No need to think in units of x1000 satoshi when there's ”BTC (100 satoshi).
Title: Re: Is it time to switch to satoshis ??? Post by: Litecoins on August 31, 2013, 05:03:05 PM Hello, I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin. No not yet. Title: Re: Is it time to switch to satoshis ??? Post by: exynos645 on August 31, 2013, 05:55:44 PM No need to think in units of x1000 satoshi when there's ”BTC (100 satoshi). the problem with ”BTC , mBTC and cBTC is that they are not nice to pronounce and also no one likes to own xBTC it makes you feel poor. Title: Re: Is it time to switch to satoshis ??? Post by: Nigeria Prince on August 31, 2013, 05:58:40 PM And people will accept dollars in any country on the planet. Even the Hotel's bill was in Euro, not Dollar and not local currency Rupee. Title: Re: Is it time to switch to satoshis ??? Post by: Sitarow on September 01, 2013, 05:02:58 PM Hello, I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin. No not yet. THIS IS SUSPICIOUS - DO NOT DOWNLOAD THE FILE WITHOUT EXTREME CAUTION Hi guys so let me explain this horrible nightmare I have got myself into. On thursday I downloaded bitcoinqt wallet and without knowing set a password? Regrettably I was intoxicated during the time that I set up the QT client and sent 10 bitcoins to the address... So I wake up next morning check out my wallet, go to send .005 to satoshidice and realise I have a ENCRYPTION password set that I cant remember. I've tried every password I have ever used so I imagine it must have been a typo at the time I entered the password. I am fairly sure I know 5 out of the 9 digits that may be in the password. The first 5 digits are a word that I use for my password followed by a sequence of numbers. So only 4 digits actually need to be found. Over 2 hours of manually trying to get in have had no success. I've heard that people on these forums can make code to get into lost passwords on wallets. Please message me if you are able to provide this service, and please be aware I will only trust people with a fair amount of activity on these forums with my wallet.dat and what I know of the password. I am willing to pay 2 bitcoins for the help. THIS IS HOW MUCH I KNOW : "BONE" ##### stand for the digits (numbers) I cant recall. You can get the wallet on sourceforge if you would like to give this a shot.. If you do manage to get in, I ask that you PLEASE dont rip me off, thanks. / linke removed for your protection. Thank you. https://www.virustotal.com/ca/file/955a0764632d427ac0def3d849242c8006d401a84cde0473f1f8962e523d9b1f/analysis/1378053912/ nasty :) Edit: However a good hack would have avoided triggering any alarms under simple tests. :) another site to help :) http://virusscan.jotti.org/en/scanresult/5a971b7c9bca530f9915147e80bfa663eefd11c5 many names :) Win32/Injector.Autoit.QS DR/AutoIt.Gen2 decompression bomb a variant of Win32/Injector.Autoit.QS Trojan.Agent.AI Trojan.Win32.Generic!BT Title: Re: Is it time to switch to satoshis ??? Post by: Pokerfan on September 01, 2013, 05:11:10 PM mBTC is the preferred unit now. 1 mBTC = 0.001 BTC ~= $0.13
Title: Re: Is it time to switch to satoshis ??? Post by: nobbynobbynoob on September 01, 2013, 06:03:50 PM mBTC is the preferred unit now. 1 mBTC = 0.001 BTC ~= $0.13 We're getting there. :) I'll probably switch my main wallet over at about $0,30 or so (my Mycelium mobile wallet is already showing mBTC - excellent and vital feature, IMO). Title: Re: Is it time to switch to satoshis ??? Post by: tmbp on September 01, 2013, 09:25:00 PM Anyone selling 100000000 satoshis?
Title: Re: Is it time to switch to satoshis ??? Post by: J3nc on September 02, 2013, 11:40:31 AM And people will accept dollars in any country on the planet. You would think so but no. Title: Re: Is it time to switch to satoshis ??? Post by: crazy_rabbit on September 02, 2013, 01:55:06 PM milibitcoins makes sense. Satoshis do not, as they can't even be sent at the moment.
Title: Re: Is it time to switch to satoshis ??? Post by: Mitchell on September 02, 2013, 01:57:54 PM Quote If... Quoting this again, because it makes more sense then mBTC or Satoshi.1 BTC = 1 bitcoin 0.01 BTC = 1 cBTC = 1 centibitcoin (also referred to as bitcent) 0.001 BTC = 1 mBTC = 1 millibitcoin (also referred to as mbit (pronounced em-bit) or millibit or even bitmill) 0.000 001 BTC = 1 μBTC = 1 microbitcoin (also referred to as ubit (pronounced yu-bit) or microbit) 0.000 000 01 BTC = 1 satoshi (pronounced sa-toh-shee) Bitcents or centibits or CBits seem to be a more manageable value. Unless BTC's value changes, of course! 1 centibit = $1.235 So, that coffee and danish will be 2 centibits. Title: Re: Is it time to switch to satoshis ??? Post by: nobbynobbynoob on September 02, 2013, 02:02:18 PM Actually, mBTC already compares well in scale to many currency units in use around the world today. But I'm still waiting for ~300 USD/BTC before switching my main wallet over. (Display unit is arbitrary, of course, it's only when making a payment that the units are not arbitrary! Bitcoin-Qt conveniently strips digits when displaying in smaller units so the last decimal always equates to units of one satoshi.)
Title: Re: Is it time to switch to satoshis ??? Post by: Moogle on September 02, 2013, 03:18:26 PM i'll take mBTC over satoshi's any day. until you are buying things in satoshis without it sounding like your buying a house
http://www.tomchao.com/af/zim26-billionaire.jpg Title: Re: Is it time to switch to satoshis ??? Post by: BitAddict on September 02, 2013, 07:06:46 PM i'll take mBTC over satoshi's any day. until you are buying things in satoshis without it sounding like your buying a house http://www.tomchao.com/af/zim26-billionaire.jpg With satoshis we can feel really rich :P But I agree using mBTC for now. Title: Re: Is it time to switch to satoshis ??? Post by: rolling on September 03, 2013, 04:37:19 AM Right now, the closest fit would be Centibits in many countries and Microbits in Japan. There is some discussion against using the words "cent" since it is related to dollars. At the current GOX exchange rate of ~$145 USD/BTC:
1.00000000 Bitcoin = $145.00 10.0000000 Decibits (dɃ or Decks?) = $145.00 100.000000 Centibits (cɃ or Cubes or Qbits?) = $145.00 = 110.00 = „845 (Yuan) 1000.00000 Milibits (mɃ or Mills?) = $145.00 10000.0000 Microbits (μɃ or Mikes?) = $145.00 = „14,450 (Yen) 100000.000 Nanobits (nɃ or Nanos?) = $145.00 1000000.00 Satoshis (sɃ or Sats?) = $145.00 In the US and Europe we should refer to them right now as Centibits since that is closer to what a unit of local fiat is worth in Euros or Dollars. In Japan, they should refer to them as Millibits right now since that is close to what a yen is worth. Once a currency goes over 1000 of the current unit, we should move to the next scale down so you can keep track of the relationship with your local fiat currency. This may actually help adoption too as people are more likely to buy 100 cɃ with $145 than 1 Ƀ even though it is the same thing. Title: Re: Is it time to switch to satoshis ??? Post by: onecent on September 03, 2013, 05:19:34 AM i'll take mBTC over satoshi's any day. until you are buying things in satoshis without it sounding like your buying a house http://www.tomchao.com/af/zim26-billionaire.jpg mBTC is a better choice for now, although it just sounds cheaper :P Title: Re: Is it time to switch to satoshis ??? Post by: barbarousrelic on September 03, 2013, 05:36:09 AM It may be too late to change this, but I think the most useful configuration would be to move the decimal point six places to the right. 1,000,000 New Bitcoins equals one old Bitcoin. The most common unit would be the KBTC = 1000 new Bitcoins = .001 old Bitcoins. There are still two decimal places left, just like most currencies.
1000KBTC = 1 old Bitcoin. $20 USD = .154 old Bitcoin = 154 KBTC. $100 USD = .77 old Bitcoin = 770 KBTC. It is much easier for people to think and talk about thousands of something versus thousandths of something. Title: Re: Is it time to switch to satoshis ??? Post by: DeathAndTaxes on September 03, 2013, 05:37:46 AM It may be too late to change this, but I think the most useful configuration would be to move the decimal point six places to the right. 1,000,000 New Bitcoins equals one old Bitcoin. The most common unit would be the KBTC = 1000 new Bitcoins = .001 old Bitcoins. It is much easier for people to think and talk about thousands of something versus thousandths of something. Never going to happen. Use mBTC (most clients support it). Title: Re: Is it time to switch to satoshis ??? Post by: Valerian77 on September 03, 2013, 05:50:05 AM Clearly mBTC should be the next common unit. Instead of changing the old notations it would be good to find a good name for these:
1/1000 Bitcoin = 1 mBTC = ? 1/1000 mBTC = 1 ”BTC = ? 1/100 ”BTC = 1 Satoshi Maybe its also enough to talk about mBTC or ”BTC. Title: Re: Is it time to switch to satoshis ??? Post by: Mitchell on September 03, 2013, 06:36:23 AM cBTC for life!
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