jubalix (OP)
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April 28, 2013, 02:43:21 PM
Last edit: April 28, 2013, 11:41:32 PM by jubalix |
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how long till 1mBTC = 1USD?
also what will you think of fees then?
edit SI units
m = milli, = 1/1000 = 10^-3 = 0.001
u = mirco= 1/1000000 = 10^-6 =0.0000001
n = nano = 1/1000000000 = 10^-9 = 0.0000000001
edit 2
mili = 1/1000 => 0.001
1l = 1000 ml -> 1 ml = 0.001 l
1m = 1000 mm -> 1 mm = 0.001 m
1 BTC = 1000 mBTC -> 1 mBTC = 0.001 BTC
its very very common, and internationally recognised SI unit. You know, milli meter, microscope, nanotech/ nano meter.
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samson
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April 28, 2013, 02:53:41 PM |
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how long till 1mBTC = 1USD?
also what will you think of fees then?
WTF is a mBTC ? Terms like this lead to endless confusion. |
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btceic
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April 28, 2013, 02:55:30 PM |
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Agreed, is it 1 Million or 1 Millionth of a BTC?
My guess? it is 1 millionth, i.e. 0.0000001
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Ivanhoe
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April 28, 2013, 02:55:48 PM |
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0.001 BTC
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Geist
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April 28, 2013, 02:57:58 PM
Last edit: April 28, 2013, 08:30:56 PM by Geist |
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Agreed, is it 1 Million or 1 Millionth of a BTC?
My guess? it is 1 millionth, i.e. 0.0000001
It's 1 thousandth of a bitcoin or .001 bitcoins. how long till 1mBTC = 1USD?
also what will you think of fees then?
I'd say it could be this year if those paypal/western union rumors pan out. |
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samson
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April 28, 2013, 02:59:44 PM |
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Clearly this terminology won't work.
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Geist
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April 28, 2013, 03:07:23 PM |
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Clearly this terminology won't work.
People who use the metric system don't have any problems. 1 millimeter = .001 meters. |
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Tirapon
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April 28, 2013, 03:08:23 PM |
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Its the SI standard prefix for 1/1000. Think mm (millimeters, 0.001m) or ml (millilitres, 0.001L)
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Ivanhoe
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April 28, 2013, 03:09:14 PM |
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Clearly this terminology won't work.
People who use the metric system don't have any problems. 1 millimeter = .001 meters. Apparently you have problems with the metric system then, according to your earlier post in this topic.  |
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nobbynobbynoob
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April 28, 2013, 03:12:05 PM |
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Not only is mBTC (or BTM if ya must) workable, I think it's essential to adoption. Noobs could be put off by the "prohibitive expense" of "$1000 coins", but $1/mBTC doesn't look so insurmountable.
Above $250/BTC I shall (once again!) set Bitcoin-Qt to default to mBTC display/operation, and I think this needs to be more widely encouraged, possibly including at the major bitcoin exchange sites.
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jbord39
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April 28, 2013, 03:22:08 PM |
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I busted out laughing reading this thread. Agreed, is it 1 Million or 1 Millionth of a BTC?
My guess? it is 1 millionth, i.e. 0.0000001
1 million bitcoins is MBTC and 1 millionth is uBTC. Also .0000001 is not either and is actually one ten-millionth of a BTC. It's 1 thousandth of a bitcoin or .0001 bitcoins.
You're right it is 1 thousandth however .0001 is not 1 thousandth but 1 ten-thousandth. |
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samson
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April 28, 2013, 03:25:35 PM |
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So there's a lot of confusion amongst the current Bitcoin enthusiasts.
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nobbynobbynoob
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April 28, 2013, 03:40:48 PM |
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So there's a lot of confusion amongst the current Bitcoin enthusiasts.
Some peeps just have issues with fractions and floating points. Repeat after me: point double zero one, point triple zero one, point quadruple zero one...mBTC and then µBTC and satoshi are surely the future - assuming bitcoin does not fail. |
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Tirapon
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April 28, 2013, 03:47:13 PM |
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So there's a lot of confusion amongst the current Bitcoin enthusiasts.
Just a lot of people who need to brush up on their maths |
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Missionary
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April 28, 2013, 03:53:57 PM |
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Maybe we should split the bitcoins in inches or feet? Hardly anyone in the world is using the metric system, right...?
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I am an evangelical missionary heading to China. Donations are welcome here (dedicated wallet): 1H8iswayfTaRb6oe2WjMCRmchBJHYyfx9z You can find more information about my plans here: http://btcmission.com |
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1m1nd
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April 28, 2013, 04:00:31 PM |
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Tomorrow!!
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BitSmile
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April 28, 2013, 05:00:41 PM |
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Maybe we should split the bitcoins in inches or feet? Hardly anyone in the world is using the metric system, right...?
/sarcasm |
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andicatorx
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April 28, 2013, 05:05:00 PM |
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1 milliBTC = 0.001BTC?
Not so long I guess, since 1BTC is over $100 now.
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teukon
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April 28, 2013, 06:00:35 PM |
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1 mBTC = 1 milibitcoin = .0001 bitcoins
Note there are three 0s, the metric system goes in threes. I can't believe how dumb most people are at this!
1 mBTC is about $0.13 now. I'll change to mBTC when were half way, when ($1000 - $1)/2 = $499.
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Odalv
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April 28, 2013, 06:05:07 PM |
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1 mBTC = 1 milibitcoin = .0001 bitcoins
Note there are three 0s, the metric system goes in threes. I can't believe how dumb most people are at this!
1 mBTC is about $0.13 now. I'll change to mBTC when were half way, when ($1000 - $1)/2 = $499.
mili = 1/1000 => 0.001 1l = 1000 ml -> 1 ml = 0.001 l 1m = 1000 mm -> 1 mm = 0.001 m 1 BTC = 1000 mBTC -> 1 mBTC = 0.001 BTC |
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