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Author Topic: People should use MBITS/mBTC/Millibits already .........  (Read 1142 times)
Vlad2Vlad
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December 25, 2016, 12:44:18 AM
 #21



because it would be close to a coiny=$1 then
people (not computers or mathematicians/computer scientists) have difficulty in dealing with numbers that include zeroes, like 0.000101 BTC vs 0.0000999 btc. This phenomenon is well known as a distaste for fractions beyond 0.01.
If bitcoin goes to $10000, coffee would be , say, 0.0004 BTC, which is not good from a typical human perspective.

I see your point but that's why shitbits like Doge are for.  

I think there is a need for a high txs, zero confirmation daily use Bitcoin twin which would demand a 1:1 ratio.

But I am biased so...

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December 25, 2016, 12:48:43 AM
 #22

I jist call 100 satoshi that or I write the thang out as 0.000001.  Why y'all gotta make up silly little sucker-ass units when you all can write up the exact quantity.  My brain don' work thata way.
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December 25, 2016, 12:58:16 AM
 #23

I jist call 100 satoshi that or I write the thang out as 0.000001.  Why y'all gotta make up silly little sucker-ass units when you all can write up the exact quantity.  My brain don' work thata way.

what is  your first language ? maybe someone can explain it in a way your brain "works"   Roll Eyes
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December 25, 2016, 01:14:43 AM
 #24

Breadwallet default is bits already, wait until blockchain.info and coinbase do the same.
Honestly, in my opinion, making a sidechain with the two way peg to bitcoin at 1:000 one way and 1000X the other, would do the trick.
Let's say, it would be called "coiny", "b-buck", 'bitty" or something else entirely.
you buy a cup of coffee with "coiny" on the sidechain, but you do investments, buy a car, a house, etc on the main chain (bitcoin).
Interesting ideas, but I don't agree with having strange denominations like pegs. It is way to unintuitive system.
Stick to metric system and just came up with a name for 1/1000, 1/100, and 1/10 etc. of BTC.
Sidechains, pegs and slang names will complicate everything even more.

well, US and UK don't use metric system in almost anything, except money.
unless you are a scientist, millimeter or centimeter tells most US inhabitants very little.
the best bitcoin people come up with is "bits", but they are currently too small, coffee would be 4000-5000 bits.
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