jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
|
|
April 30, 2014, 01:31:56 PM |
|
satoshis
people are already using satoshis, lets go straight to that, its pretty common now, Doge User base complete familiar with satoshis .
Satoshis now, it differentiates, cements the BTC history in, set BTC as the bar, works nicely to 1satoshi = 1 cent feels good to own 10K satoshi
saves this argument at mbit , ubit etc
|
|
|
|
Peter R
Legendary
Offline
Activity: 1162
Merit: 1007
|
|
April 30, 2014, 03:09:05 PM |
|
satoshis
+1 Migrating to "satoshis" solves two perceived problems simultaneously, while mBTC, uBTC, etc solve only one: 1. The price today could be quoted on the news as "$4.46 per million satoshis" making bitcoin sound affordable; 2. It makes the public automatically aware of the resolution of bitcoin's unit of account: Q: "what's smaller than a satoshi?" A: "nothing." Many people who are familiar with bitcoin still don't know that 1 BTC is composed of 100,000,000 credits that we call "satoshis." Discussing satoshis more commonly would simultaneously make bitcoin appear more affordable and educate the public about its pricing resolution.
|
|
|
|
Malin Keshar
|
|
April 30, 2014, 04:04:09 PM |
|
I agree. The psychologic effect of having full or more is better than having fractions, whole numbers + small fractions are easier to read than tiny fractions like 0,004546, and if btc skyrockets to 10000+, the trasaction costs will start to become significative
|
|
|
|
Bitcoinpro
Legendary
Offline
Activity: 1344
Merit: 1000
|
|
April 30, 2014, 04:12:56 PM |
|
At present the active Bitcoin usage is trailing far behind the ownership. We have 1 million+ owners, but, in my estimation, perhaps only 50,000 people make transactions regularly. To get new active users, we must get new owners.
I disagree, that is not an incentive. To get new active users, they must benefit significantly more than they do currently. I am a bitcoin owner and I shop at an online store that accepts bitcoin. I will not be spending my bitcoin there, because I have to pay a 9% premium to do so. Yes, you read that correctly. See excited, then depressed, post here: https://bitcointalk.org/index.php?topic=584134.0;allI would use it - if those places that accept Painpal would simply accept BTC. EVEN COINWARZ DOES NOT ACCEPT BTC, DUH!!! what do you buy from them the only thing I do there is look up market cap http://www.coinwarz.com/cryptocurrency
|
WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
|
|
|
paulsonnumismatics
Sr. Member
Offline
Activity: 265
Merit: 250
Honni Soit Qui Mal i Pense
|
|
April 30, 2014, 04:31:06 PM |
|
satoshis
people are already using satoshis, lets go straight to that, its pretty common now, Doge User base complete familiar with satoshis .
Satoshis now, it differentiates, cements the BTC history in, set BTC as the bar, works nicely to 1satoshi = 1 cent feels good to own 10K satoshi
saves this argument at mbit , ubit etc
+1 for me. Ive always sensed that the moment for Bitcoin "Winning" will be with 1 satoshi= 1 USD cent. In that moment, the BTC will be completely spreaded throughout the world. And anyone will be able to use it in everyday lives. The goal value of 1 satoshi= 1 us cent also puts the value of a whole Bitcoin where it deserves if it gets adopted worldwide and as an everyday money vehicle. Also, ive been using satoshis for a while too, the push of the DOGE community is really big atm.
|
This space is for lease, apparently.
|
|
|
jubalix
Legendary
Offline
Activity: 2618
Merit: 1022
|
|
April 30, 2014, 04:32:17 PM |
|
I agree. The psychologic effect of having full or more is better than having fractions, whole numbers + small fractions are easier to read than tiny fractions like 0,004546, and if btc skyrockets to 10000+, the trasaction costs will start to become significative
which will force transaction costs down, and make btc even more compedative
|
|
|
|
Technomage
Legendary
Offline
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
|
|
April 30, 2014, 04:34:48 PM |
|
I'm fully in support of changing to mBTC or µBTC. Either is significantly better than what we have now, we just need consensus and action.
|
Denarium closing sale discounts now up to 43%! Check out our products from here!
|
|
|
blatchcorn
|
|
April 30, 2014, 04:42:47 PM |
|
mBTC and uBTC are complicated. "Oh so x amount of a fraction of a bitcoin" is what mainstream adopters will think.
Much better for them to say I have 100 satoshis, simple.
|
|
|
|
werrindor
Member
Offline
Activity: 98
Merit: 10
|
|
April 30, 2014, 05:54:22 PM |
|
I voted for keeping BTC. I don't trust other cryptocurrencies
|
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
|
April 30, 2014, 06:11:26 PM |
|
mBTC and uBTC are complicated. "Oh so x amount of a fraction of a bitcoin" is what mainstream adopters will think.
Much better for them to say I have 100 satoshis, simple.
Well the problem is you won't be saying you have 100 Satoshis. Lets price some common items in satoshis. A $8.99 domain name from namecheap $8.99 USD 0.01997778 BTC 19.97778 mBTC 1,997,778 sat Ouch well they are all ugly. if we round to 0.00001 BTC (1/2 cent in value) 0.01998000 BTC 19.98 mBTC 1,998,000 sat $399.95 GPU from tiger direct. 0.88877778 BTC 888.77778 mBTC 88,877,778 sat Or rounded 0.88978000 BTC 888.78 mBTC 88,878,000 sat $5,000 mining rig 11.11111000 BTC 11,111.11 mBTC 1,111,111,000 sat A satoshi has so little value that you end up with equally "long" values. Right now mBTC is ~ $0.45 in value. Rounding to two decimal places (pretty common in currencies) gives you 0.00001 BTC precision (~ 1/2 US cent). Even at $5,000 USD:BTC exchange rate that gives you 5 cent precision.
|
|
|
|
|