$100 per BTC reached, lets start using mBTC as default unit.

[rme]

1BTC = $100
1mBTC = $0.10

PROS
- Marketing: People like to buy more 2000 mBTC than 2BTC for $200
- Decimals in small amounts: Buy a coke, only 0.001 BTC vs 1mBTC

CONS
- ...

Discuss

[1714190066]

1714190066

[1714190066]

1714190066

[christop]

CONS:
Verizon. They'll insist that 0.002 BTC = 0.002 mBTC.

[Bytas]

isn't the $1000 cap a more logical cap to start using mBTC?
Since 1mBTC is 1:1000th of a bitcoin and all that.

Just sayin'

[dyseac]

isn't the $1000 cap a more logical cap to start using mBTC?
Since 1mBTC is 1:1000th of a bitcoin and all that.

Just sayin'

i concur...

[nobbynobbynoob]

I'll be switching my client to mBTC default when it "feels right". I'm not sure when that will be but probably a settled/rising price of at least $150 per BTC, tending toward $250+.

[crazy_rabbit]

I think using mBTC would be useful as well.

[christop]

How about while USD/BTC is between 31.62 and 31622.78 we use mBTC? Then between 31622.78 and 31622776.60 we use uBTC. That seems the most logical to me.

Note: sqrt(1000) = 31.622776601..., so 31.62 = 1000/sqrt(1000), 31622.78 = 1000*sqrt(1000) = 1000000/sqrt(1000), and 31622776.60 = 1000000*sqrt(1000)

[FreshJR]

delete me -- I read the OP wrong

[solomon]

$1 = 10 BTM

[SgtSpike]

If you want to sell other people BTC, then give your price in mBTC.  If you want to sell goods in exchange for BTC, price them in BTC.

To someone buying BTC, getting 1,000 mBTC sounds better than getting 1 BTC.  To someone buying a laptop, spending 5 BTC sounds a lot better than spending 5,000 mBTC.

TL;DR:  Do whatever you want.

[christop]

$1 = 10 BTM

BTM is an abbreviation for "bitmill" which just needs to die. You don't say "that bug is 5 metermills long", or do you?

[Fiyasko]

No, Wait untill it is $1,000, then it will be Much more normal to the mind.

[b¡tco¡n]

Let's be bullish and move straight to satoshi as the unit. 

[Elwar]

I will be using mBTC for all units on my website.

They have stock splits for a reason.

[boscorocks]

I was wondering today if Casascius will start doing more fractional coins..

[InspiredEye]

I'll be switching my client to mBTC default when it "feels right".

Agreed.  For me, that will likely be at the $1000 mark.

[BitcoinTate]

I'll be switching my client to mBTC default when it "feels right".

Agreed.  For me, that will likely be at the $1000 mark.

I would also agree around the $1000 mark is the appropriate place for this.

[superduh]

yes, this will need to happen soon eventually....
it will in essence feel like a "stock split"
so the "high price" will not make people feel awkward/hesitant
i wonder how much is "institutional" owned..hmm

[Herodes]

I don't care much either way - but then again - I'm not like the 'ordinary customer', I never cared much about prices like 99.99 in stores, I always thought that was rather silly. I learned however that many people look at 99.99 as 90 something, rather than 100. I always found this really silly..

[freequant]

No, Wait untill it is $1,000, then it will be Much more normal to the mind.

I agree, let's wait another 6 months.