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Question: What unit do you find more comfortable when measuring BTC values?
BTC   1                     bitcoin - 33 (60%)
sat. - 0.00000001    satoshi - 8 (14.5%)
μBTC -  0.000001      bit - 5 (9.1%)
mBTC -       0.001    millibit, millie - 8 (14.5%)
Other (add in your reply) - 1 (1.8%)
Total Voters: 55

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Author Topic: What unit do you find more comfortable when measuring BTC values?  (Read 2283 times)
cellard (OP)
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December 14, 2015, 03:57:11 PM
 #1

Im curious about the statistics on this nowadays. Honestly I don't know if it's only me but im still used to BTC, even if it would be seen as inconvenient with small amounts, might be because I used BTC only for years. Lately I also learned dealing and managing in satoshis when I started getting small payments because of the sig campaigns. Im really slow when it comes to math so this helped me (experiencing it by using it yourself).
BTC + sat for me then, maybe BTC if I really had to choose.
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December 14, 2015, 04:23:21 PM
 #2

the milibit is the best possible measure at least fornow. It is suitable and it can be treated as a cent.
Kingno.1
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December 14, 2015, 04:26:13 PM
 #3

I prefer to use btc and mbtc while using bitcoins in my day to day life.
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December 14, 2015, 04:27:13 PM
 #4

If I was designing bitcoin from new I would've started with bits or mbtc from minute one. Unless you were born into tech skillz the normal human brain simply doesn't process small amounts priced in btc well. I think it's definitely a factor in turning off newbies.
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December 14, 2015, 04:33:02 PM
 #5

Comfortable with BTC, mBTC and Satoshis.
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December 14, 2015, 04:36:10 PM
 #6

I prefer Satoshi's as it is the easiest to comprehend to those who are unaware of bitcoins denominator values.
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December 14, 2015, 04:39:53 PM
 #7

i think most people will choose an option most closest to 1 dollar, euro or pound. so that would be 0.001 for now and then 0.0001 in 6 months

but these fiat lovers are not thinking long term. im already using full bitcoins or 'bits' measure of 0.00000100, as i see the long term advantage of getting standardizing things for the long term and not just immediate-short term recognition

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December 14, 2015, 04:48:26 PM
 #8

I get confused when some dice or gambling sites shows my balance in different form like bits, mbtc etc. I like to see my bitcoin in BTC form, for fiat also we use 0.01$ rather than cent. I also feel same for bitcoin and want it as whole bitcoin form.

 
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December 14, 2015, 04:53:52 PM
 #9

I use all of them and I'm comfortable with none. All because a satoshi is 10e-8 and not 10e-9. Seriously, the metric system is based on a 10e3 rythmn:
- 1,000 is a thousand (10e3)
- 1,000,000 is a million (10e6)
- 1,000,000,000 is a billion (10e9)
- etc

And in the decimals:
- 0.001 is milli (10e-3)
- 0.000 001 is micro (10e-6)
- 0.000 000 001 is nano (10e-9)
- etc

Why did Satoshi decide to fuck logic when creating the "satoshi" unit? I know that he wanted to make people think that he was Japanese but then he should have based bitcoin on a 10e-4 system from the start. Here everyone can see that the logic is western but just fucks up at the very end.
I mean, just one more zero before the 1 and it would have been equal to a nano-bitcoin. But no, fuck logic, a satoshi is equal to a hundredth microbitcoin. And yes, because of that it's much harder to comprehend.

Vous pouvez maintenant refermer ce topic et reprendre une activité normale. À ciao bonsoir.
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December 14, 2015, 04:57:17 PM
 #10

Bitcoins and satoshis meets all my needs when i measure BTC values. Any other unit just confuse me and i have to calculate.
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December 14, 2015, 04:59:05 PM
 #11

I prefer satoshis, At first it was a bit confusing but now all the other terms likembtc i have no clue what people are talking about.

franky1
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December 14, 2015, 04:59:45 PM
 #12

I get confused when some dice or gambling sites shows my balance in different form like bits, mbtc etc. I like to see my bitcoin in BTC form, for fiat also we use 0.01$ rather than cent. I also feel same for bitcoin and want it as whole bitcoin form.

but imagine if walmart and 7-eleven pricetagged everything as decimals of $1000..
EG
$10 is D0.01

it is more easier to start from the bottom up than the top down. so imagine you have 0.00225630btc. ($10)
for long term standardization it should be 2256.30bits
because changing standards every 6months to a year is going to confuse people.
and sticking with 0.00225630btc is just going to pee people off not just for having to count zero's to make sure they dont accidentally send $100 or $1 instead of $10. but also those zero's will just remind people they dont have a whole coin.. so they will always feel they are losing out by never having a full bitcoin

'bits' just makes send long term

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Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
LiteCoinGuy
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December 14, 2015, 05:02:10 PM
 #13

1 Bitcoin = 1.000.000 bits. easy.

end.

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December 14, 2015, 05:08:47 PM
 #14

People will just have to get used to calculating their money in decimals, I don't think bits and mbits are going to catch on..

You have to understand BTC and SAT before you can understand bits and Mbits so it just adds another layer of complication..

I think it's easiest to say 33k sat, 512k sat, or 1.3m sat than to try to convert to the others..

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December 14, 2015, 05:10:11 PM
 #15

I prefer using satoshis. I started with faucets that is why I am used to converting all in satoshis. Besides it makes bitcoin more larger.
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December 14, 2015, 05:15:36 PM
 #16

I believe that any measurement that uses the metric system is the easiest way to discuss values in general when discussing an amount of bitcoin with someone else.  I believe that slang terms like "millie" or "satoshi" should just be left out when trying to have an honest conversation.  Everyone tends to know the metric system universally since it's used for every type of scientific measurement, and I think that it should be kept that way since bitcoin is trying to become the first global currency.

Plus I mean think about it... while everyone on here knows what a "satoshi" is, is there any real reason to be measuring your bitcoin value in satoshis? There is literally no value in a satoshi, and it's misleading to say you have 1K satoshi's on hand when that still is in a sense, nothing.

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December 14, 2015, 05:15:52 PM
 #17

Satoshi and BTC.

Since the major part of the transaction happens with the fractions, I think it's more comfortable to talk about satoshi instead of trying to reading something with 8 decimal points using other units. If not, beeter to read the entire value.

But why someone would create a currency with 8 decimal points instead of using just atomic units is beyond me. Although I wouldn't to see this changing.

I believe that any measurement that uses the metric system is the easiest way to discuss values in general when discussing an amount of bitcoin with someone else.  I believe that slang terms like "millie" or "satoshi" should just be left out when trying to have an honest conversation.  Everyone tends to know the metric system universally since it's used for every type of scientific measurement, and I think that it should be kept that way since bitcoin is trying to become the first global currency.

Plus I mean think about it... while everyone on here knows what a "satoshi" is, is there any real reason to be measuring your bitcoin value in satoshis? There is literally no value in a satoshi, and it's misleading to say you have 1K satoshi's on hand when that still is in a sense, nothing.

I don't get the point, however. There was one day where even 1 BTC was just fraction of cent of one US dollar. Saying you had 1000 BTC didn't mean anything relevant.
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December 14, 2015, 05:19:06 PM
 #18

Just use BTC, it's not that hard to calculate to your own currency tho.
If you use other than BTC, it would take a more complicated to measure the values. First you have to look how much BTC worth in your local currency, then convert the mBTC(just for example) to BTC.

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December 14, 2015, 05:19:51 PM
 #19

Satoshi and BTC.

Since the major part of the transaction happens with the fractions, I think it's more comfortable to talk about satoshi instead of trying to reading something with 8 decimal points using other units. If not, beeter to read the entire value.

But why someone would create a currency with 8 decimal points instead of using just atomic units is beyond me. Although I wouldn't to see this changing.

I believe that any measurement that uses the metric system is the easiest way to discuss values in general when discussing an amount of bitcoin with someone else.  I believe that slang terms like "millie" or "satoshi" should just be left out when trying to have an honest conversation.  Everyone tends to know the metric system universally since it's used for every type of scientific measurement, and I think that it should be kept that way since bitcoin is trying to become the first global currency.

Plus I mean think about it... while everyone on here knows what a "satoshi" is, is there any real reason to be measuring your bitcoin value in satoshis? There is literally no value in a satoshi, and it's misleading to say you have 1K satoshi's on hand when that still is in a sense, nothing.

I don't get the point, however. There was one day where even 1 BTC was just fraction of cent of one US dollar. Saying you have 1000 BTC didn't mean anything relevant.

Same, it's the only way I can put things into context. Since the price of Bitcoin changes too much, the intermediate units make my mind get a bit confused, BTC and satoshi are the stuff I use the most.
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December 14, 2015, 05:21:55 PM
 #20

Quote
for long term standardization it should be 2256.30bits
Man that's actually a great idea! That's decided, from now on, my everyday unit will be the bit. That way I can consider these annoying counterintuitive satoshis as bitcents.

Vous pouvez maintenant refermer ce topic et reprendre une activité normale. À ciao bonsoir.
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