Let's use mBTC instead of BTC

[the_poet]

I don't know about you guys, but more and more often I find myself dealing with numbers like 0.004 BTC, 0.05 BTC, etc. in everyday transactions. I hate decimals and I think most of you are in the same boat as me. Our brain works much better with whole numbers. Given that 1 mBTC is in the same order of magnitude as 1 USD, why don't we start measuring our transactions in mBTC?

[shorena]

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

[Cuidler]

Because sometimes Bitcoin or number of Satoshis is more appropriate. It all depend on specific tansaction whether Satoshis, mBTC or Bitcoins makes most sence to visualize in my brain when doing the transaction

[the_poet]

Because 1mBTC won't equal a USD for long and a lot nations other than America Bitcoin. You also have the very alive debate on whether Bitcoin is a daily currency or a settlement device.

$1 = 2.37 mBTC, they're perfectly comparable, no need for them to be equal to find using mBTC much more handy.

[SmartIphone]

I don't know about you guys, but more and more often I find myself dealing with numbers like 0.004 BTC, 0.05 BTC, etc. in everyday transactions. I hate decimals and I think most of you are in the same boat as me. Our brain works much better with whole numbers. Given that 1 mBTC is in the same order of magnitude as 1 USD, why don't we start measuring our transactions in mBTC?

It is depended on people preferences, personally i hated to deal with decimals,
But i am familiar now, and i like more to deal with decimals instead of satoshis or mBTC

[the_poet]

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

Satoshi is another great unit: I think it's too small for now, but certainly bound to become the default in the future.

[xeryan]

The best is that all clients let you switch quickly to the unit you need at that moment.

[jacee]

Nah, I think it's more reliable to use the bigger unit rather than using a smaller one which is mbtc. Bitcoin is more volatile than others and with it's constant moving price, it's more preferable to use a unit as a whole and just a measure of it's part.

[neochiny]

I don't know about you guys, but more and more often I find myself dealing with numbers like 0.004 BTC, 0.05 BTC, etc. in everyday transactions. I hate decimals and I think most of you are in the same boat as me. Our brain works much better with whole numbers. Given that 1 mBTC is in the same order of magnitude as 1 USD, why don't we start measuring our transactions in mBTC?

in my opinion.. i think it doesnt matter if its mbtc, satoshi or btc.
as all bitcoin users understands already what is it.
but when you tell that we start using ONLy mbtc. there will be some
debate over it. as some people will like instead change it to satoshi only. or btc only.
so i think theres no need to change the usual one. you can measure it in mbtc if you want.
but i doubt that everyone will agree using the same also for over all.

[helloeverybody]

I find it easier just using satoshis, I prefer just 0.0001 or whatever. any time i see x mbtc i find it harder to work out than satoshis.

[7788bitcoin]

Maybe "bits" will be better, as we expect the value to increase significantly? At the moment 20 bits is about 1 Japanese Yen. Maybe soon it will be equivalent?

[NorrisK]

I think most people have gotten too used to saying BTC and get confused when their coins are denominated in mBTC.

It will happen sooner or later though, with increasing price it is inevitable.

[LiteCoinGuy]

1 BTC = 1 000 000 bits. easy.

[Jet Cash]

Should we quote US currency in dollars or cents - it's a similar discussion.

[Amph]

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

[boopy265420]

It is working fine even with BTC and there will be time when mbtc and umbtc really will have value and then these symbols which seem rare will in spot light by themselves.We can change general trend so easy.People follow the trend so doing we too.

[fantoos]

Agree with you we should start using mBTC instead quoting BTC.I think there less awareness about this even we see it everyday.I will start using from now onwards.I think is good initiative to debate and spread the word out.

[quentincole32]

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

using decimal sometime make people misleading count the zero behind,
and using mBTC would make hard to convert exact number to fiat,
so i totally agree with shorena, using satoshi are perfect for smallest unit of 1 bitcoin, easy looks.

[bob123]

Im fine with using Numbers like 0.001
No need to change anything.. but use whatever you want.

[the_poet]

Should we quote US currency in dollars or cents - it's a similar discussion.

I think a much more suitable comparison is to discuss whether we should take body measurements in inches or miles