I predict we will soon be pricing everything in satoshis.

[Atlas]

I can't even type the "u" thing for the last subunit name. Based on that, it's going to be dead soon.

Also, again:

10,000 Satoshis

or

1 uBTC

(The fact I probably got the math wrong for the last one shows the problem I am speaking of.)

Which one is more easy to grasp at first glance? We will always know there are 100-million Satoshis in a Bitcoin.

[Kupsi]

We will always know there are 100-million Satoshis in a Bitcoin.

We will always know there are 1 million µBTC in a Bitcoin

1 BTC = 1,000 mBTC = 1,000,000 µBTC
0.1 BTC = 100 mBTC = 100,000 µBTC
0.01 BTC = 10 mBTC = 10,000 µBTC
0.001 BTC = 1 mBTC = 1,000 µBTC
0.0001 BTC = 0.1 mBTC = 100 µBTC
0.00001 BTC = 0.01 mBTC = 10 µBTC
0.000001 BTC = 0.001 mBTC = 1 µBTC
0.0000001 BTC = 0.0001 mBTC = 0.1 µBTC
0.00000001 BTC = 0.00001 mBTC = 0.01 µBTC = 1 Satoshi

[Atlas]

We will always know there are 100-million Satoshis in a Bitcoin.

We will always know there are 1 million µBTC in a Bitcoin

1 BTC = 1,000 mBTC = 1,000,000 µBTC
0.1 BTC = 100 mBTC = 100,000 µBTC
0.01 BTC = 10 mBTC = 10,000 µBTC
0.001 BTC = 1 mBTC = 1,000 µBTC
0.0001 BTC = 0.1 mBTC = 100 µBTC
0.00001 BTC = 0.01 mBTC = 10 µBTC
0.000001 BTC = 0.001 mBTC = 1 µBTC
0.0000001 BTC = 0.0001 mBTC = 0.1 µBTC
0.00000001 BTC = 0.00001 mBTC = 0.01 µBTC = 1 Satoshi

You can remember those conversions or you can just remember  1 Bitcoin, 100 bitcents and 100-million satoshis. See my point?

Most people can't even type uBTC much less say "uBTC'. It's so awkward.

[Kupsi]

You can remember those conversions or you can just remember  1 Bitcoin, 100 bitcents and 100-million satoshis. See my point?

Most people can't even type uBTC much less say "uBTC'. It's so awkward.

They only need to remember 1 BTC = 1,000 mBTC = 1,000,000 µBTC.

I believe 1 - 1,000 - 1,000,000 is easier to remember than 1 - 100 - 100,000,000.

I guess we'll call it "microbit" when speaking.

[Atlas]

You can remember those conversions or you can just remember  1 Bitcoin, 100 bitcents and 100-million satoshis. See my point?

Most people can't even type uBTC much less say "uBTC'. It's so awkward.

They only need to remember 1 BTC = 1,000 mBTC = 1,000,000 µBTC.

I believe 1 - 1,000 - 1,000,000 is easier to remember than 1 - 100 - 100,000,000.

I guess we'll call it "microbit" when speaking.

It will have to be defined through gradual consensus. All that is certain is that the smallest unit is a satoshi.

[nobbynobbynoob]

As long as the amount in BTC is clearly and unambiguously understood, the different designations are purely arbitrary. The BTC-cent-satoshi division is logical only because legacy currencies have often divided the major unit by 100 at the first level.

[markm]

All that is certain is that the smallest unit is a satoshi.

That is only temporary. When we are all stinking rich we'll be buying stuff for satoshicents or less a pop.

-MarkM-

[BC12345]

All that is certain is that the smallest unit is a satoshi.

That is only temporary. When we are all stinking rich we'll be buying stuff for satoshicents or less a pop.

-MarkM-

And after that we'll be paying in milliSatoshis!

[Kupsi]

All that is certain is that the smallest unit is a satoshi.

That is only temporary. When we are all stinking rich we'll be buying stuff for satoshicents or less a pop.

-MarkM-

And after that we'll be paying in milliSatoshis!

Nice one 

[bitcoinbear]

We will always know there are 100-million Satoshis in a Bitcoin.

We will always know there are 1 million µBTC in a Bitcoin

1 BTC = 1,000 mBTC = 1,000,000 µBTC
0.1 BTC = 100 mBTC = 100,000 µBTC
0.01 BTC = 10 mBTC = 10,000 µBTC
0.001 BTC = 1 mBTC = 1,000 µBTC
0.0001 BTC = 0.1 mBTC = 100 µBTC
0.00001 BTC = 0.01 mBTC = 10 µBTC
0.000001 BTC = 0.001 mBTC = 1 µBTC
0.0000001 BTC = 0.0001 mBTC = 0.1 µBTC
0.00000001 BTC = 0.00001 mBTC = 0.01 µBTC = 1 Satoshi

You can remember those conversions or you can just remember  1 Bitcoin, 100 bitcents and 100-million satoshis. See my point?

Most people can't even type uBTC much less say "uBTC'. It's so awkward.

It is easier to remember it this way: 1,000 millibits per bitcoin, 1,000 microbits per millibit.

On a mac it is easy, hold alt and hit the 'm' key to get the µ, which is mu, the greek equivalent for m. But if you type uBTC people will recognise it is actually supposed to be µBTC. Just like if you are talking about small distances and if you say um people understand the context and know you actually mean µm.

[helloworld]

I can't even type the "u" thing for the last subunit name. Based on that, it's going to be dead soon.

You mean like how "microtorrent" is dead? Instead of just colloquialized to U Torrent?

[phelix]

at least we need to switch to something other than 0.001 btc or 1 mBTC as it is psychologically hard to exchange your hard earned fiat into anything that sounds so small

what about: 1 btc = 1000 bitbucks btb, bitstones bts, bitbits btb, bitdough btd

[Meni Rosenfeld]

If you pay attention, people sometimes denominate small values in cents, nobody has a problem converting that to dollars.

Some do.

But yeah, people will get used to mBTC.

[Raize]

I have no problem with, and expect millibit and mubit to become common jargon.

[Grix]

I don't like it, it's not linear. There's hardly any difference in the value of 1 satoshi and 100 000 satoshies as of now, but there is a huge difference in value between 10^6 satoshies and 10^9 satoshies. All those zeroes will just confuse people.

[pof]

So, in short, when we start commonly pricing things in .001-.01, thousands of satoshis will be the wording since we will get tired of adjusting to the exchange rate through vocabulary.

I think you are right, it's the most simple solution for people not used to technology, also because most people would mistake mBTC and uBTC.

[Atlas]

I don't like it, it's not linear. There's hardly any difference in the value of 1 satoshi and 100 000 satoshies as of now, but there is a huge difference in value between 10^6 satoshies and 10^9 satoshies. All those zeroes will just confuse people.

History says otherwise.

[Frequency]

Isn,t it something like what we have had in europe some 11 years ago when we were implementing the Euro, a lot of people were scared for that switch??  people adjust very quick to changes offcourse the geek will do faster then your grandfather but still.. ones known it will adapt..

And o yea were is the nano bitcoin??? nBTC...

[fivemileshigh]

So the problem is what to name the sub-unit once btc gets to $100? How'bout we worry about getting to $100 first? That's at least $1 billion market cap, we still have a ways to go

Interesting thoughts anyway!

[lame.duck]

I prefer mBTC and µBTC

I will argue that it's hard for people to understand what these exactly mean. I can't even grasp it based on those names.

You would better argue that its  hard to you to understand. Where were far more exotic currency divisions in the past, well known the  Pound in great britain was divided in 20 Shilling each 12 pence. And even 1/1000 division exist 1 Kuwaiti dinar = 1000 fulūs  (singular fils).

http://en.wikipedia.org/wiki/Fils_%28currency%29