Move Bitcoin Decimal Place To The Right, and what is mbtc?

[bitbets]

Move Bitcoin Decimal Place To The Right, and what is mbtc?


Since getting into bitcoin, I have sometimes thought bitcoin might do well to move the decimal place to the right. But people on these forums said it was too hard to do this in the bitcoin code.


It seemed especially relevant, about the time when bitcoin was rising to over $1000 in 2013.


At that time, it seems there wasn't any plans to move the decimal point to the right.


The mbtc

And I remember some people were mentioning the concept of the mbtc.
And they were implying that the concept of the mbtc was really easy or simple,
as though because they think it was simple, therefore no need at all to move the decimal place.


But I can't remember what the mbtc is.

Maybe someone can tell me what a mbtc is, to clear this up.
Is it the 2nd or 3rd place to the right of the bitcoin decimal point?


Thank you
bitbets

[NyeFe]

It's not too hard. Programmatically you could produce the balance string and reverse the text, which is the same in C# as in C++, it should get the same result. I don't know why no one has figure it out yet.

[Slark]

mBtc is just 0.001 btc in short:

Predefined Values of BTC:


1 Satoshi   = 0.00000001 ฿   
10 Satoshi   = 0.00000010 ฿   
100 Satoshi   = 0.00000100 ฿   = 1 Bit / μBTC (you-bit)(microbitcoin)
1,000 Satoshi   = 0.00001000 ฿   
10,000 Satoshi   = 0.00010000 ฿   
100,000 Satoshi   = 0.00100000 ฿   = 1 mBTC (em-bit)(millibitcoin)
1,000,000 Satoshi   = 0.01000000 ฿   = 1 cBTC (bitcent)
10,000,000 Satoshi   = 0.10000000 ฿   
100,000,000 Satoshi   = 1.00000000 ฿   

You can check it here: http://www.btcsatoshi.com/

Nobody said that you have to use mBTC or μBTC. In fact I don't like that, because I prefer stick to the original bitcoin with no prefix. Operation in mBTC or uBTC values is just confusing for me.

[Amph]

mBtc is just 0.001 btc in short:

Predefined Values of BTC:


1 Satoshi   = 0.00000001 ฿   
10 Satoshi   = 0.00000010 ฿   
100 Satoshi   = 0.00000100 ฿   = 1 Bit / μBTC (you-bit)(microbitcoin)
1,000 Satoshi   = 0.00001000 ฿   
10,000 Satoshi   = 0.00010000 ฿   
100,000 Satoshi   = 0.00100000 ฿   = 1 mBTC (em-bit)(millibitcoin)
1,000,000 Satoshi   = 0.01000000 ฿   = 1 cBTC (bitcent)
10,000,000 Satoshi   = 0.10000000 ฿   
100,000,000 Satoshi   = 1.00000000 ฿   

You can check it here: http://www.btcsatoshi.com/

Nobody said that you have to use mBTC or μBTC. In fact I don't like that, because I prefer stick to the original bitcoin with no prefix. Operation in mBTC or uBTC values is just confusing for me.

also for very small amount below micro, it will be difficult to write it, actually there is no way, because the smallest number in bitcoin don't reach nano

the best way for me is say 10k satoshi/bits, or 1k satoshi/bits, keep it simple i say...

[bitbets]

mBtc is just 0.001 btc in short:

Predefined Values of BTC:


1 Satoshi   = 0.00000001 ฿   
10 Satoshi   = 0.00000010 ฿   
100 Satoshi   = 0.00000100 ฿   = 1 Bit / μBTC (you-bit)(microbitcoin)
1,000 Satoshi   = 0.00001000 ฿   
10,000 Satoshi   = 0.00010000 ฿   
100,000 Satoshi   = 0.00100000 ฿   = 1 mBTC (em-bit)(millibitcoin)
1,000,000 Satoshi   = 0.01000000 ฿   = 1 cBTC (bitcent)
10,000,000 Satoshi   = 0.10000000 ฿   
100,000,000 Satoshi   = 1.00000000 ฿   

You can check it here: http://www.btcsatoshi.com/

Nobody said that you have to use mBTC or μBTC. In fact I don't like that, because I prefer stick to the original bitcoin with no prefix. Operation in mBTC or uBTC values is just confusing for me.

You are telling me that 1 mbtc is equal to 100,000 satoshi

I do not know how to type that other character on the keyboard for the microbitcoin, which is equal to only 100 satoshi


I have an easier time thinking of 1 bitcoin as being equal to
100 million satoshi.

1 btc          = 100 million satoshi

0.1 btc        = 10 million satoshi

0.01 btc       = 1 million satoshi

0.001 btc      = one hundred thousand satoshi     1 mbtc

0.0001 btc     = ten thousand satoshi

0.00001 btc    = one thousand satoshi

0.000001 btc   = 100 satoshi                      1 microbtc

0.0000001 btc  = 10 satoshi

0.00000001 btc = 1 satoshi





So, 1mbtc is 100,000 satoshi

Thank you for this information