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Title: Satoshis, Bits, Millies and Mikes: The “Rebasing Bitcoin” Debate -Coding in My S Post by: 101111 on November 09, 2014, 05:47:31 AM http://codinginmysleep.com/satoshis-bits-millies-and-mikesthe-rebasing-bitcoin-debate/ (http://codinginmysleep.com/satoshis-bits-millies-and-mikesthe-rebasing-bitcoin-debate/) I really enjoy David's work. However something seems amiss here. Firstly, the poll "Which unit do you use to measure your bit-wealth?" has has little to do with the actual content, which is primarily about what unit would be better for people to transact in. Secondly, in arguing against bits or uBTC, he states 75,700 is a number well outside of our comfort zones. I've got no idea how he came to that conclusion. Numbers in the 10,000's are actually fairly common. We understand them very well. Look forward, think global. In Indonesia where the fx rate is about $1 to 12,000 Rp amounts in the 10,000's are the norm. http://203.21.74.28/pdimage/86/1845386_dsc00191.jpg. As for the poll, I'm happy to measure my bit-wealth in bitcoin. For transactions, bits. |
