We need to convert Bitcoins to new units...

[Blind Legs Parker]

the best way is to remember them in satoshi directly, so don't say 0.0001 but 10k satoshi, don't say 0.0000035 but 350 satoshi and so on, much easy to remember

Yeah, and most of all, remember to never do what Amph tells you to do here.
Just as you don't buy a pizza for 1000 cents, you don't want to talk in satoshis. You buy a pizza for 10 dollars, that's it. Hence, 1000 satoshis is a wrong way to say 10 bits.
Satoshis should never be used to count above 99. Period.

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[Bitcoinpro]

We can't just change Bitcoin so dramatically. I kind of want that too, but the blocksize limit is more important.

Nothing has to change on a fundamental level, just the output display of wallets and sites. Most of them offer that option already. I do think Satoshi missed a trick there. It would've been far simpler to do it from minute one. Average human psychology isn't programmed for piles of zeroes at the front.

u will be suprised how quickly a few days of hunger will force change, a lower numbered

coin ie 20mill was needed to set the fire going, this so called human psychology u talk of will

have to get with program, we all understand it clear as day

[1Referee]

How is it not possible to work with and remember 0.0005BTC for example. I use this method since day one and find it to work very well for me. If you don't like it, then simply chance the unit in your wallet and you can use mBTC or whatever option you feel comfortable with.

[Amph]

the best way is to remember them in satoshi directly, so don't say 0.0001 but 10k satoshi, don't say 0.0000035 but 350 satoshi and so on, much easy to remember

Yeah, and most of all, remember to never do what Amph tells you to do here.
Just as you don't buy a pizza for 1000 cents, you don't want to talk in satoshis. You buy a pizza for 10 dollars, that's it. Hence, 1000 satoshis is a wrong way to say 10 bits.
Satoshis should never be used to count above 99. Period.

bits it's better yes, my point was to use non-fractional numbers, if you want to use bits that's even better, i forget about it

[Erkallys]

Renaming it is a bad idea, that will lead to much more confusion. You can use dBTC (0,1BTC), cBTC (0,01BTC), mBTC (0,001BTC) or even bits, so that's not a problem.

[Blind Legs Parker]

bits it's better yes, my point was to use non-fractional numbers, if you want to use bits that's even better, i forget about it

Actually I'd like the whole community to ditch satoshis as a unit and start using bits instead. I hate how faucets count in satoshis. How I wish they'd start counting in bits  

The reason why they don't is likely to be because, standing from a commercial point of view, "175 satoshis" sounds like more money than "1.75 bits". It's stupid but it's probably what is happening. Anyway, it's a pain.

[Kprawn]

These days almost everyone in the world walks around with a cellphone.... most of these cellphones have a calculator or it's a smart phone and people

can link to sites that can do the conversion seamlessly for them. We are going into a new era, where most things are done electronically. We should not

drop the Satoshi naming convention for two reasons :

1. It will kill Satoshi's legacy
2. Satoshi's gives micropayments it's meaning 

[Herbert2020]

Paying 0.000001 or 0.000035 is just impossible to remember and use... nobody will use that in the future if we want it mainstream.
I know satoshi exists as smallest unit but they are quite hard to remember.
When someone says 10,000 satoshi I try to think how much is that while 1 BTC is easy to understand.
So maybe we should have new bitcoins to keep the name where 1 new bitcoin = 0.0001 old bitcoins to make it easier to use...
share your thoughts.

using satoshi as a unit is not hard IMO. and sending bitcoin in satoshi is easy to implement in wallets if necessary.
for instance, right now i can change my wallet to show all values in micro or mili bitcoin. and if bitcoin becomes that expensive that 1 satishi, 1000 satishi and so on become popular it is just a simple code that can be added to the wallet to use satoshi as input.

[gkv9]

You think the units are way too smaller and we need to change it???
What if the price goes to $1M some day???
Will you still say that these units are worthless???
I guess people will start begging even for satoshis then, and they will even ask for miners' fee change...

[The Sceptical Chymist]

This topic again?  I like the satoshi unit, it's easy to remember even in the 10K range.  I've said it before when this has come up, but I think it should either be BTC or satoshi.  Not bits or mBTC.  Those are just stupid and require an unnecessary conversion.

[pooya87]

You think the units are way too smaller and we need to change it???
What if the price goes to $1M some day???
Will you still say that these units are worthless???
I guess people will start begging even for satoshis then, and they will even ask for miners' fee change...

that is a problem for the possible future not now

i agree with The Pharmacist, i also like satoshi as a small unit and it is easy to use for small amounts from 1 satoshi to 100,000 and the bigger values can be used as bitcoin itself (like 0.01BTC) this no other unit such as bits,... are needed and it is easy to remember without any conversion.

[Blind Legs Parker]

This topic again?  I like the satoshi unit, it's easy to remember even in the 10K range.  I've said it before when this has come up, but I think it should either be BTC or satoshi.  Not bits or mBTC.  Those are just stupid and require an unnecessary conversion.

Come on, what kind of cultural background are you from, to think that counting a "one hundred million" block is easier than successive divisions or multiplications by a thousand?
If you're Asian I can definitely get that you'd prefer to think of 1,000,000 "one hundred times ten thousand", because 10,000 is a scaling unit for you, but no, if you're from any European-related background you see a unit there: it's "one million". 10,000 on the other hand shouldn't seem like a block to you: it's "ten thousand".

1,000,000,000 : billion
1,000,000 : million
1,000 : thousand
1 : one
0.001 : thousandth
0.000001 : millionth
0.00000001 : dafukisthat
0.000000001 : billionth

Again it's true that 0.00000001 and even 0.0001 make sense as scaling units in Chinese and Japanese, but not in English.
And it's not just the metric system (otherwise I'd understand that English speakers might disagree) but the whole western numeral scaling system here.

[maokoto]

if there is a wide adoption someday and this becomes a "problem" I think that using satoshis as a unit will be good enough. Perhaps by that time Bitcoin will have a high price, so it would make a lot of sense using satoshis as a unit.

[Blind Legs Parker]

if there is a wide adoption someday and this becomes a "problem" I think that using satoshis as a unit will be good enough. Perhaps by that time Bitcoin will have a high price, so it would make a lot of sense using satoshis as a unit.

Using the satoshi as a unit makes about as much sense as reading 97 as "four times twenty plus ten and seven" instead of "ninety seven" although you read 54 as simply "fifty four"*. It's just another way to fuck logic sideways. I'm not against foreign systems as long as they're consistent, but using a 10^3 scaling basis for everything and then jumping to satoshis out of the blue that's horribly unconsistent.

(* : Yes I'm making fun of the French language here  ).

[MedaR]

I think it's clear that job is reserved for alts.
You can trade them and earn some money or just use have like very small portions of bitcoin..For example Doge coin can store very small values of BTC and you can easy
convert it to btc at exchange or shapeshift or others..
Only we must decide which alts are best for this job..
To have a choice is very important!

[gkv9]

You think the units are way too smaller and we need to change it???
What if the price goes to $1M some day???
Will you still say that these units are worthless???
I guess people will start begging even for satoshis then, and they will even ask for miners' fee change...

that is a problem for the possible future not now

i agree with The Pharmacist, i also like satoshi as a small unit and it is easy to use for small amounts from 1 satoshi to 100,000 and the bigger values can be used as bitcoin itself (like 0.01BTC) this no other unit such as bits,... are needed and it is easy to remember without any conversion.

I know I am talking about the future, and that's my way of "criticizing" the OP that the units are all fine and should be used the way they are getting used these days...

[2legit2]

i dont think so that it is a required thing to do right now as the worth is not too big right now

[AliceWonderMiscreations]

I use mBTC - smallest I need to worry about really is 0.01 mBTC which is less than a US penny.

[romero121]

BTC                               1
mBTC                         0.001
uBTC                    0.000001
Satoshi         0.00000001

To my knowledge than creating some new units and getting confused using the standard denominations is good

[robelneo]

BTC                               1
mBTC                         0.001
uBTC                    0.000001
Satoshi         0.00000001

To my knowledge than creating some new units and getting confused using the standard denominations is good

People will be confuse if we add more units especially new users, I am already used using this current one and adding more or changing it is going hard for me to remember again ,it took me a long time to memorize the current units much more if a new one is implemented.So let us not change the current it's better than what you are thinking of..