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maz
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December 04, 2013, 12:54:26 PM |
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Gox just touched 1.2 USD/mBTC...
no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD. EDIT: Now it did. I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC. Its nice that you prefer it, but the thread title is BTC/USD. If you want to talk in small digits then go play with LTC. Bitcoin is moving into big boys territory now so just deal with it.  |
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JimboToronto
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Activity: 3990
Merit: 4460
You're never too old to think young.
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December 04, 2013, 12:55:30 PM |
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16 mBTC. Doesn't that sound more natural to you than 0.016 bitcoins?
Not really. If and when a satoshi comes close to parity with the dollar, I'll be an advocate of switching to satoshis
I don't think most of the world really cares about dollars. |
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KieranJones1
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Activity: 126
Merit: 10
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December 04, 2013, 12:59:39 PM |
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Gox just touched 1.2 USD/mBTC...
no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD. EDIT: Now it did. I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC. Its nice that you prefer it, but the thread title is BTC/USD. If you want to talk in small digits then go play with LTC. Bitcoin is moving into big boys territory now so just deal with it. So by that token, if I ask about the value of gold to the dollar, I mean the collective USD cost of every single ounce of gold on the planet? "BTC/USD" doesn't imply the quantity of BTC or the unit in which you're dealing. "1 mBTC" is still a BTC value. If and when a satoshi comes close to parity with the dollar, I'll be an advocate of switching to satoshis
I don't think most of the world really cares about dollars. I certainly don't; I'm from the UK. However, since the BTC/USD rate is pretty much the entire focus of the speculation side of bitcoin, and the only way I've ever seen "non-tech" people comprehend its value, I think it's just the most convenient currency to use in this case. I guarantee there'll be nothing like the celebration there was for 1BTC:1000USD when 1BTC hits £1000, or 1000 of any other currency you like. |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 04, 2013, 01:02:19 PM |
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crazy_rabbit
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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December 04, 2013, 01:12:48 PM |
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Gox just touched 1.2 USD/mBTC...
no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD. EDIT: Now it did. I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC. Its nice that you prefer it, but the thread title is BTC/USD. If you want to talk in small digits then go play with LTC. Bitcoin is moving into big boys territory now so just deal with it. Bitcoin "moving into big boys territory" is exactly why we need to work in mBTC. Don't you see that with mBTC bitcoin will make more psychological sense to a wider group of people? A group of people we very much need to be buying bitcoin? And now bitcoin looks cheap again. It's good, and it's important, and it's going to happen anyway, so deal with it. :-) |
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KieranJones1
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Activity: 126
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December 04, 2013, 01:15:51 PM |
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One final point in the BTC vs mBTC debate - if you just like to be able to say you own 100 of something that costs $1200 a pop, doesn't it sound even more impressive to say you own 100,000 things that cost $1.20 a pop? Changing to mBTC is a win for people new to bitcoin as well as for people who've already established their fortunes. Showing off your material wealth is the only reason I can possibly think of why people would be resistant to switching.
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SnowMonkey_CG
Newbie
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Activity: 38
Merit: 0
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December 04, 2013, 01:23:19 PM |
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Wow, such strong feelings on the matter. To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer  we can use them interchangeably easily enough. I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect. As for what to verbally call them... then I don't know, milibits? I'll leave that to the crowd! |
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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December 04, 2013, 01:26:14 PM |
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I think a fee of 0.1 mBTC makes more sense than 0.0001 BTC, especially if it would be lowered further. People are going to lose time counting all the zeros and double-checking. It's impractical.
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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December 04, 2013, 01:41:28 PM |
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so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party
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KieranJones1
Member
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Activity: 126
Merit: 10
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December 04, 2013, 01:43:50 PM |
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so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party
First we've got to pass that bloody $1200 for longer than an hour  |
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lucas.sev
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December 04, 2013, 01:49:44 PM |
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so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party
First we've got to pass that bloody $1200 for longer than an hour With volume this low its might take a while |
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niothor
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December 04, 2013, 01:59:44 PM |
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so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party
Wait , we didn't have a party at 1024 ) Also we need one at 2009. |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 04, 2013, 02:02:20 PM |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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December 04, 2013, 02:05:05 PM |
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so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party
Wait , we didn't have a party at 1024 ) Also we need one at 2009. stick to the original. btc-1k party TM edit: https://btc1k.com/ |
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niothor
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December 04, 2013, 02:07:24 PM |
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so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party
Wait , we didn't have a party at 1024 ) Also we need one at 2009. stick to the original. btc-1k party TM edit: https://btc1k.com/Why the f***? We're rich , we can have one every week. |
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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December 04, 2013, 02:16:11 PM |
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One final point in the BTC vs mBTC debate - if you just like to be able to say you own 100 of something that costs $1200 a pop, doesn't it sound even more impressive to say you own 100,000 things that cost $1.20 a pop? Changing to mBTC is a win for people new to bitcoin as well as for people who've already established their fortunes. Showing off your material wealth is the only reason I can possibly think of why people would be resistant to switching.
Only for people bad at math. Impressing people with wealth is a cost, not a goal. |
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Rival
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December 04, 2013, 02:19:10 PM |
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To help my wife understand I have been using terms like "Bitcent" (0.01) or "Bitquarter" (0.25). Seems to help the transition along.
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600watt
Legendary
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Activity: 2338
Merit: 2106
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December 04, 2013, 02:24:56 PM |
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so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party
Wait , we didn't have a party at 1024 ) Also we need one at 2009. stick to the original. btc-1k party TM edit: https://btc1k.com/Why the f***? We're rich , we can have one every week. f*** yeah, you are right!  |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 04, 2013, 03:02:29 PM |
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Coinseeker
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December 04, 2013, 03:12:01 PM |
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I don't think most of the world really cares about dollars.
FTFY  Almost 90% of the daily Forex trades ($4 Trillion +) contains USD on one side or the other. USD remains the worlds reserve currency, so it only makes sense that BTC is and for now at least, remains paired to USD. |
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