rme (OP)
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April 01, 2013, 07:52:03 PM |
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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
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christop
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April 01, 2013, 07:57:10 PM |
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CONS: Verizon. They'll insist that 0.002 BTC = 0.002 mBTC.
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Bytas
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April 01, 2013, 08:57:41 PM |
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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'
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dyseac
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April 01, 2013, 08:59:27 PM |
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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...
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nobbynobbynoob
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April 01, 2013, 09:01:31 PM |
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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+.
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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April 01, 2013, 09:41:11 PM |
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I think using mBTC would be useful as well.
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more or less retired.
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christop
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April 01, 2013, 09:45:19 PM |
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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)
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FreshJR
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April 01, 2013, 09:59:46 PM |
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delete me -- I read the OP wrong
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solomon
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April 01, 2013, 11:17:37 PM |
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$1 = 10 BTM
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SgtSpike
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April 01, 2013, 11:20:32 PM |
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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.
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christop
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April 01, 2013, 11:22:37 PM |
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$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?
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Fiyasko
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Okey Dokey Lokey
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April 01, 2013, 11:28:44 PM |
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No, Wait untill it is $1,000, then it will be Much more normal to the mind.
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b¡tco¡n
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Correct Horse Battery Staple
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April 01, 2013, 11:35:27 PM |
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Let's be bullish and move straight to satoshi as the unit.
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Elwar
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Viva Ut Vivas
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April 01, 2013, 11:44:41 PM |
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I will be using mBTC for all units on my website.
They have stock splits for a reason.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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boscorocks
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April 01, 2013, 11:59:00 PM |
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I was wondering today if Casascius will start doing more fractional coins..
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InspiredEye
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April 02, 2013, 12:02:37 AM |
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I'll be switching my client to mBTC default when it "feels right".
Agreed. For me, that will likely be at the $1000 mark.
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BitcoinTate
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DigiByte Founder
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April 02, 2013, 12:04:58 AM |
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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.
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- aka The "DigiMan"
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superduh
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April 02, 2013, 12:17:30 AM |
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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
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ok
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Herodes
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April 02, 2013, 12:19:33 AM |
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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..
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freequant
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April 02, 2013, 12:33:20 AM |
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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.
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