Bitcoin Forum
November 23, 2017, 06:24:55 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 5 »  All
  Print  
Author Topic: Let's use mBTC instead of BTC  (Read 4050 times)
kingaltcoins
Hero Member
*****
Offline Offline

Activity: 728


★Nitrogensports.eu★


View Profile
December 31, 2015, 06:30:35 PM
 #41

mBTC and satoshis are not actual units of bitcoins.

They are sub-units actually just like grams and milligrams.

So the main unit is BTC and is easily recognizable.

mBTC are complicating and you have to calculate in BTC again.

So why you go in the wrong way?


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄          
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █              
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER  
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511461495
Hero Member
*
Offline Offline

Posts: 1511461495

View Profile Personal Message (Offline)

Ignore
1511461495
Reply with quote  #2

1511461495
Report to moderator
the_poet
Legendary
*
Offline Offline

Activity: 1022


Bitcoin accepted here


View Profile
December 31, 2015, 06:42:35 PM
 #42

mBTC and satoshis are not actual units of bitcoins.

They are sub-units actually just like grams and milligrams.

So the main unit is BTC and is easily recognizable.

mBTC are complicating and you have to calculate in BTC again.

So why you go in the wrong way?

It's not the wrong way, actually it would be the right unit to use in order to have the smallest whole numbers in most everyday transactions. As I was saying in another post, currently, it's as if we took body measurements in miles instead of inches. Of course it's just a suggestion, I'm not forcing anyone to use it.

A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man.
Sourgummies
Hero Member
*****
Offline Offline

Activity: 672


Never ending parties are what Im into.


View Profile
December 31, 2015, 07:47:13 PM
 #43

I prefer using BTC over any other denominations. I guess with time I've become used to the BTC decimals and know how to deal with transactions using only BTC.

It's a matter of what you're conditioned to, but I think it's just much easier to use BTC's as the main unit of measurement.
bikoBoy
Full Member
***
Offline Offline

Activity: 140


SCAMMER ACCOUNT Relinquished to Operatr 02/06/2016


View Profile WWW
December 31, 2015, 10:20:33 PM
 #44

I prefer using a whole BTC as a unit but it's most important to have a united system (either mBTC or BTC as a whole) because it would be even less convenient if every site has a different denominator they use (mBTC, satoshi, Bitcents, whole BTC).

randy8777
Legendary
*
Offline Offline

Activity: 896


View Profile
December 31, 2015, 10:36:07 PM
 #45

i find working with decimals very easy and smooth. i could also use mbtc, but that requires me to get used to it. not really a big deal, but still... i much rather work with btc.
The Pharmacist
Hero Member
*****
Online Online

Activity: 980


JOLYY - The future of beauty!


View Profile
December 31, 2015, 10:58:19 PM
 #46

I personally prefer Satoshi, its way more fun to transfer a million satoshi than 0.01 btc or 10 mBTC.

No seriously, just use whatever you prefer, I think most are familiar with the denominations

1 BTC = 108 (100 million) satoshi
1 mBTC = 105 (100k) satoshi
1 µBTC = 102 (100) satoshi
Yes, and do you see what the common denominator is here?  It's the satoshi unit, and that's one of only two that should be used in my opinion.  I strongly, strongly believe that one should either use satoshi (or ksat: 100ksat = 1btc) or BTC.  Everything else is unnecessary and only introduces more steps in describing what should be a very simple quantity.

Most of us have had training in science, right?  Think of how many garbage units we have to deal with just to describe a single quantity.  Back when I learned about the ideal gas law, there were so many different R constants because Pressure could be in torr, atm, mmHg; Volume could be in liters, CC, M^3; and Temperature could be in Celcius, Fahrenheit, and Kelvin.  It was ludicrous and there are so many other examples of this it makes my head spin just trying to think about all of it again.

So for me it's Satoshi or BTC.  Nothing else.  Not Bits, not mBTC, not uBTC.

           ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
........T H E   F U T U R E.................
......................o f   B E A U T Y
........


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
harrymmmm
Hero Member
*****
Offline Offline

Activity: 580


View Profile
January 01, 2016, 12:32:53 AM
 #47

This is a very old and familiar issue in science and engineering, where quantities have values that may vary over orders of magnitude.
It's been resolved by referring to quantities in SI engineering units (milli, micro, nano, kilo, mega etc).
The idea is you figure out the 'closest' of those units to use where 'close' is defined by the unit leaving an integer value with maybe one or two decimal points.
Noone would ever use stuff like 0.000001 btc, for example. It would simply be 1 microbitcoin (1uBTC).
Even if satoshis were considered the base unit,  noone would ever use 100000000 satoshis, it would be 100 megasatoshis (probably 100MS if it became common enough).

So, at the moment if we're dealing with USD, a millibitcoin is the best unit for every day transaction sizes.

It requires some familiarity with the SI engineering units, but it's sensible to take a lead from the people who deal with ranges like this every day, right?
Even the financial world (where they like to add many zeroes) is now using 'k' to indicate a 1000 multiplier.
People know what 'k' and 'M' mean now as well. It's not so hard.

There's a couple of sensible options (everything in SI units with satoshis as the base, or everything in SI units with bitcoin as the base). It's unfortunate Satoshi made the smallest unit 10^-8 btc instead of 10^-9 (a nanobitcoin). if he had, we'd not even need satoshi as a unit.

And there's no need to add an unnecessary new unit like 'bit', when all it is is a microbitcoin (maybe 'micro' for short) - that's just stupid and confusing.
BirtRenaldsFan
Member
**
Offline Offline

Activity: 68


View Profile
January 01, 2016, 12:55:35 AM
 #48

MBTC is like pennies compared to BTC though. I don't like this idea
cjmoles
Legendary
*
Online Online

Activity: 896


#tapcoin


View Profile WWW
January 01, 2016, 01:10:43 AM
 #49

Well, I already do deal with bitcoin in terms of mBTC.  That's the wonderful thing about the decimal system...one can think about it in any terms they wish.  It my help some who have a problem comprehending decimals to learn engineering notation.  It's a great format to simplify decimal places in one's mind on the fly.

Hugroll
Hero Member
*****
Offline Offline

Activity: 714


View Profile
January 01, 2016, 01:27:20 AM
 #50

i like how some wallets actually let you change your main unit of currency from btc to mbtc like copay. i really enjoy using those kinds of wallets because they make me feel like i own more btc and i actually own.
EXtremeAEX
Sr. Member
****
Offline Offline

Activity: 462


JOLYY - The future of beauty!


View Profile WWW
January 01, 2016, 01:42:21 AM
 #51

Yeah, why not? mBTC can be easier for micro transaction and small earnings for us newbies, whereas BTC are more used by miners and large companies. I suppose different units of bitcoin can be used in different places, so each is useful in some way. Smiley Many sites now also offer mBTC as a unit, like coinad, but it makes the earnings look small. Tongue

            ███           ▄▄▄████████▄▄▄           ███       ▀███          ▀██▄ ▄██▀          ███▀
            ███         ▄████▀▀    ▀▀████▄         ███         ███          ▀█████           ███
            ███       ▄███▀            ▀███▄       ███          ▀██▄         ▄███▄         ▄██▀
            ███      ███▀                ▀███      ███            ███       ███▀███       ███
            ███     ███▀                  ▀███     ███             ▀██▄   ▄██▀   ▀██▄   ▄██▀
            ███     ███                    ███     ███               ███▄██▀       ▀██▄██▀
            ███     ███                    ███     ███                ▀███▀         ▀███▀
            ███     ███                    ███     ███                 ███           ███
            ███     ███▄                  ▄███     ███                 ███           ███
            ███      ███▄                ▄███      ███                 ███           ███
           ███▀       ▀███▄            ▄███▀       ▀███                ███           ███
██▄▄▄  ▄▄▄███▀          ▀████▄▄    ▄▄████▀          ▀███▄▄▄  ▄▄▄██     ███           ███
▀▀████████▀▀              ▀▀▀████████▀▀▀              ▀▀████████▀▀     ███           ███
           T H E   F U T U R E             
                       o f   B E A U T Y


 ▀█▄             ▄▄▄▄▄▄
   ▀█▄      ▄▄███▀▀▀▀
    ▄██     ▀▀▀     ▄▄▄▄
 ▄▄▄ ██         ▄     ▀▀██▄
▀█▀█▀█▀▄       █▄     ▄██▀
               ▀████████
               ▀ ▀ ▀ ▀ ▀


      ▄▄
     ▀█▀▀▀

    █▄
     ███████▀▀▀
    █▄
      ▀▀▀▀▀
allyspork
Newbie
*
Offline Offline

Activity: 1


View Profile
January 01, 2016, 01:58:19 AM
 #52

Yeah, why not? mBTC can be easier for micro transaction and small earnings for us newbies, whereas BTC are more used by miners and large companies. I suppose different units of bitcoin can be used in different places, so each is useful in some way. Smiley Many sites now also offer mBTC as a unit, like coinad, but it makes the earnings look small. Tongue


Yeah, I agree with you. Btcclicks use it too. So, the member can feel if they are gain a great value..
lahm-44
Sr. Member
****
Offline Offline

Activity: 336



View Profile
January 01, 2016, 02:51:37 AM
 #53

while any exchanger site around the world still use decimal ,it seems you just make hard your whole bitcoin life,and if you have more than 100btc you should write it 100000mBTC really give me headache
hey maybe you got little bit of misunderstood him .op is saying to count the transaction in mbtc until we get a 1bitcoin that means a whole number and by the way op you can use the mbtc viewinv setting almost present in every wallet and alsomt in every site there are a lot of people who had thought the same stuff and i am sure you will find some of them at bitcointalk community too.hey but in my opinion i dont think mbtc will be a good idea i always go for satoshi unit when ever i see any bitcoin transaction its the perfect unit of me
davinchi
Legendary
*
Offline Offline

Activity: 1036


View Profile
January 01, 2016, 04:20:49 AM
 #54

while any exchanger site around the world still use decimal ,it seems you just make hard your whole bitcoin life,and if you have more than 100btc you should write it 100000mBTC really give me headache
hey maybe you got little bit of misunderstood him .op is saying to count the transaction in mbtc until we get a 1bitcoin that means a whole number and by the way op you can use the mbtc viewinv setting almost present in every wallet and alsomt in every site there are a lot of people who had thought the same stuff and i am sure you will find some of them at bitcointalk community too.hey but in my opinion i dont think mbtc will be a good idea i always go for satoshi unit when ever i see any bitcoin transaction its the perfect unit of me

Yes, based on the volume we can use different notations for bitcoin.
But with foreseeing view, we will be forced to use least available unit satoshi when satoshi = 1 USD or 1 cent.
Value and volume will decide the unit of bitcoin time to time for our convenience.

Coinroll - Bitcoin Dice

[wzpcXiieu7wgPzi64]
lixer
Hero Member
*****
Offline Offline

Activity: 630



View Profile
January 01, 2016, 04:27:43 AM
 #55

while any exchanger site around the world still use decimal ,it seems you just make hard your whole bitcoin life,and if you have more than 100btc you should write it 100000mBTC really give me headache
hey maybe you got little bit of misunderstood him .op is saying to count the transaction in mbtc until we get a 1bitcoin that means a whole number and by the way op you can use the mbtc viewinv setting almost present in every wallet and alsomt in every site there are a lot of people who had thought the same stuff and i am sure you will find some of them at bitcointalk community too.hey but in my opinion i dont think mbtc will be a good idea i always go for satoshi unit when ever i see any bitcoin transaction its the perfect unit of me

Yes, based on the volume we can use different notations for bitcoin.
But with foreseeing view, we will be forced to use least available unit satoshi when satoshi = 1 USD or 1 cent.
Value and volume will decide the unit of bitcoin time to time for our convenience.

Yes, the unit of bitcoin for our ease of use and for better understanding. So, one all time standardization is not possible for bitcoin and for any commodity/currency also. So, let the users to choose for their convenience.

Cashew
Sr. Member
****
Offline Offline

Activity: 381


Decentralised Amazon & ICO Hub


View Profile
January 01, 2016, 04:29:10 AM
 #56

I feel like mBTC is just casinos' attempt to make us feel richer Tongue

  S h o p e o   






















































Decentralized Amazon & ICO hub
       ◢ Thread      Whitepaper      Bounties






































█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     








                  ▄▄██▄
              ▄▄█▀▀  ██
          ▄▄█▀▀      █▌
      ▄▄█▀▀   ▄▀    ██
 ▄▄▄█▀▀    ▄█▀     ▐█
██      ▄██▀       █▌
 ▀▀██▄███▀        ██
     ██▀▀█▄▄▄     █▌
      █▄  ██▀▀▀█▄██
       █▄█▀








                      ▄████▄▄    ▄
     ██             ████████████▀
     ████▄         █████████████▀
     ▀████████▄▄   █████████████
     ▄▄█████████████████████████
     ██████████████████████████
       ▀██████████████████████
        █████████████████████
         ▀█████████████████▀
           ▄█████████████▀
     ▄▄███████████████▀
        ▀▀▀▀▀▀▀▀▀▀▀




   █
   █
   █
   █
   █
   █
   █
   █
   █
   █
   █
   █
   █
   █
   █
   █
   █

















█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
█     
       JOIN
  ONE WEEK ICO
[
ICO
LIVE
]
jethrorn99
Full Member
***
Offline Offline

Activity: 224



View Profile
January 01, 2016, 04:52:21 AM
 #57

I feel like mBTC is just casinos' attempt to make us feel richer Tongue
Well, it's the nature of human's greed
More number in yo wallet = more happiness (even tho sometimes it's cheap)

Shinpako09
Hero Member
*****
Offline Offline

Activity: 854


View Profile
January 01, 2016, 07:45:36 AM
 #58

i like to use more satoshi as the minimal divisor, i simply say i send you 0.01, 0.001 etc...

i don't have problem with rational numbers
Yeah me too, i'm more comfortable using satoshi. I used it because sometimes mbtc is confusing in my part as well as others bitcoiners I guess they are confused or they dont know the conversation of mbtc to satoshi.
shorena
Legendary
*
Offline Offline

Activity: 1400


ALL escrow is signed! https://keybase.io/verify


View Profile WWW
January 01, 2016, 11:01:50 AM
 #59

I personally prefer Satoshi, its way more fun to transfer a million satoshi than 0.01 btc or 10 mBTC.

No seriously, just use whatever you prefer, I think most are familiar with the denominations

1 BTC = 108 (100 million) satoshi
1 mBTC = 105 (100k) satoshi
1 µBTC = 102 (100) satoshi
Yes, and do you see what the common denominator is here?  It's the satoshi unit, and that's one of only two that should be used in my opinion.  I strongly, strongly believe that one should either use satoshi (or ksat: 100ksat = 1btc) or BTC.  Everything else is unnecessary and only introduces more steps in describing what should be a very simple quantity.

100ksat is not 1BTC though, you might wana be careful when trading.

a7mos
Hero Member
*****
Offline Offline

Activity: 546



View Profile
January 01, 2016, 11:12:47 AM
 #60

I used to use the unit satoshi to divide bitcoin as my first experience with btc was through faucets.
And if some one used bit, mbit, I got confused Cheesy
Pages: « 1 2 [3] 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!