Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[ScrapOfCat]

Yep - it's out of date, I was joking - but why not set a new target we can hope for?

mBTC 1 = $2 by 2013-12-31 23:59?

Easy way to pronounce mbtc?

"embit" "milli-bit" ?

I like "embee" written as mB

[ChartBuddy]

[Odrec]

Why aren't businesses adopting bitcoin payments like crazy? we really should start with this now. Amazon, get on with it. We have to make this sustainable and not reliable on the fragile human psychology.

[Aido]

Why not just mill or mills? Context would make it obvious that we mean mBTC.

[kurious]

This is the senior thread - if we find consensus and use it, we may have the honour of naming the mBTC for the world.

Embee / embit - best so far...

Any other nominations?  After all, it is necessary if we want the masses 'in'.

[donut]

I like mBit (ehm bit).

[maz]

Why aren't businesses adopting bitcoin payments like crazy? we really should start with this now. Amazon, get on with it. We have to make this sustainable and not reliable on the fragile human psychology.

Because its still actually shit as a simple currency. Check reddit story of guy who buys a burito and has to wait an hour for confirmations, ends up paying them fiat aswell just to get home.

[kurious]

Why not just mill or mills? Context would make it obvious that we mean mBTC.

"I just spent a couple of mill on a coffee" ?

Has some connotations with larger amount

[Odrec]

This is the senior thread - if we find consensus and use it, we may have the honour of naming the mBTC for the world.

Embee / embit - best so far...

Any other nominations?  After all, it is necessary if we want the masses 'in'.

embee sounds nice but embit maintains a closer attachment to bitcoin because of the bit part.

[kurious]

I like mBit (ehm bit).

Yeah - seems logical - anyone else...  the chance to shape the name of the new basic denomination of BTC?

[Aido]

Hows about:

   Bitcoin         = Bits   = 1 unit
   cents   = cBits   = 0.01 units
   millis or mills      = mBits   = 0.001 units
   micros or mics      = μBits   = 0.000001 units
   Satoshi or sats            = 0.00000001 units
   nanos or nans   = nBits   = 0.000000001 units (for when 1 Bitcoin = 1 Mega dollar or BTC1 = M$1 = $1,000,000)

The logic being 100 cents in a Dollar/Euro but we don't say centidollar or centieuro, we just say cents.

[donut]

Why aren't businesses adopting bitcoin payments like crazy? we really should start with this now. Amazon, get on with it. We have to make this sustainable and not reliable on the fragile human psychology.

Because its still actually shit as a simple currency. Check reddit story of guy who buys a burito and has to wait an hour for confirmations, ends up paying them fiat aswell just to get home.

Uh, 0-confirm transactions are just fine for small purchases. Vendors need to get on with the program.

[gandhibt]

how about mB would be called bit/bits when B is bitcoin/bitcoins, "I paid just two bits for this coffee!"

[kurious]

This is the senior thread - if we find consensus and use it, we may have the honour of naming the mBTC for the world.

Embee / embit - best so far...

Any other nominations?  After all, it is necessary if we want the masses 'in'.

embee sounds nice but embit maintains a closer attachment to bitcoin because of the bit part.

You run a coffe shop - how you gonna price a coffee in Bitcoin...

'That'll be two embits, mate'

Works for me - we can't have a string of zeros on the price list - it must happen, right?

[David M]

This is my final post regarding my old man's trading.  He has stopped selling and will instead start spending.

"The investment has paid off beyond anything I could imagine."

All prices in AUD.

Bought 1000BTC at ~$8

--Selling prices & volume
Price    BTC
$102    100
$204    100
$305    100
$406    100
$520    50
$680    50
$730    50
$802    50
$917    50
$1,030    50

He currently has just under 300 BTC remaining.  

Merchants, start your haggling!!!!

[mb300sd]

Hows about:

   Bitcoin         = Bits   = 1 unit
   cents   = cBits   = 0.01 units
   millis or mills      = mBits   = 0.001 units
   micros or mics      = μBits   = 0.000001 units
   Satoshi or sats            = 0.00000001 units
   nanos or nans   = nBits   = 0.000000001 units (for when 1 Bitcoin = 1 Mega dollar or BTC1 = M$1 = $1,000,000)

I never got why we actually have satoshis and not nanobits, the 64-bit signed integer is more than big enough to store >21M bitcoins even if it was divisible to nanos.

[MAbtc]

Why aren't businesses adopting bitcoin payments like crazy? we really should start with this now. Amazon, get on with it. We have to make this sustainable and not reliable on the fragile human psychology.

Because its still actually shit as a simple currency. Check reddit story of guy who buys a burito and has to wait an hour for confirmations, ends up paying them fiat aswell just to get home.

Uh, 0-confirm transactions are just fine for small purchases. Vendors need to get on with the program.

Yeah, this is ridiculous.

[mmitech]

it is 22:10 and I am so excited that I cant go to sleep, tomorrow I have to wake up early but alot of things happening that I dont want to miss, Bitcoin over $1000 and Litecoin at $31.


I am a bit angry at my self though for doing many mistakes before, I sold so many coins.... if I just saw this coming, I thought it would take much time, but I see people having big interest and believing in the concept, even my ignorant co-worker is researching and asking me tens of question...

[kurious]

Hows about:

   Bitcoin         = Bits   = 1 unit
   cents   = cBits   = 0.01 units
   millis or mills      = mBits   = 0.001 units
   micros or mics      = μBits   = 0.000001 units
   Satoshi or sats            = 0.00000001 units
   nanos or nans   = nBits   = 0.000000001 units (for when 1 Bitcoin = 1 Mega dollar or BTC1 = M$1 = $1,000,000)

This has flawless logic, but I still wonder about that coffee being 'two mills' and we probably need the 'bit' in there to keep it connected to Bitcoin.

So 'millibit', or back to 'embit' for me..

[gandhibt]

This is my final post regarding my old man's trading.  He has stopped selling and will instead start spending.

"The investment has paid off beyond anything I could imagine."

All prices in AUD.

Bought 1000BTC at ~$8

--Selling prices & volume
Price    BTC
$102    100
$204    100
$305    100
$406    100
$520    50
$680    50
$730    50
$802    50
$917    50
$1,030    50

He currently has just under 300 BTC remaining.  

Merchants, start your haggling!!!!

This has been a nice story to read, thank you for sharing!