Cauap
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June 26, 2011, 09:51:08 PM |
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ittybittytittycoin
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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LeFBI
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June 26, 2011, 10:23:53 PM |
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Benny
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FoxMURDER
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June 26, 2011, 10:44:26 PM |
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NotMuch
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bcforum
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June 27, 2011, 05:37:58 AM |
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1 = bitcoin 0.01 = cent 0.00001 = millicent 0.00000001 = microcent
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If you found this post useful, feel free to share the wealth: 1E35gTBmJzPNJ3v72DX4wu4YtvHTWqNRbM
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gtabmx
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June 27, 2011, 05:57:01 AM |
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Trying to keep in line with actual units of measurements in the metric system, since we;re one decimal place off a nanobit, a good compensation would be "ninobit", in my opinion.
But I agree with some posters above, that the decimal should be shifted all the way to the right and not be used. I thinks the fact that bitcoins can be divided so small makes them seem silly to non bitocin users and can hinder their use in the real world, for average people. The decimal really serves no purpose since at the rate the value of BTC is climbing, in the future very few people will even be able to talk about whole bitcoins...
-Mike
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shata
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June 27, 2011, 06:25:02 AM |
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ThatOtherDude
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June 27, 2011, 06:14:53 PM Last edit: June 28, 2011, 12:54:14 AM by ThatOtherDude |
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But I agree with some posters above, that the decimal should be shifted all the way to the right and not be used. I thinks the fact that bitcoins can be divided so small makes them seem silly to non bitocin users and can hinder their use in the real world, for average people. The decimal really serves no purpose since at the rate the value of BTC is climbing, in the future very few people will even be able to talk about whole bitcoins...
-Mike
I second using this method. Average people are not accustomed to using currency that is divisible to the 8th decimal place. Such a change would be difficult for people to adapt to. --Tod
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Windsong
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June 27, 2011, 08:06:08 PM |
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UberCent
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Hakim1986
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June 27, 2011, 08:08:05 PM |
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1 = bitcoin 0.01 = cent 0.00001 = millicent 0.00000001 = microcent This sounds good.
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tool_462
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June 28, 2011, 08:54:25 AM |
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Pocket Change.
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Zoomer
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June 28, 2011, 11:47:06 AM |
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But I agree with some posters above, that the decimal should be shifted all the way to the right and not be used. I thinks the fact that bitcoins can be divided so small makes them seem silly to non bitocin users and can hinder their use in the real world, for average people. The decimal really serves no purpose since at the rate the value of BTC is climbing, in the future very few people will even be able to talk about whole bitcoins...
-Mike
I second using this method. Average people are not accustomed to using currency that is divisible to the 8th decimal place. Such a change would be difficult for people to adapt to. --Tod Agreed. There are many currencies that don't have decimal points now, and they work just fine. See yen, krw, or the Thai Baht (satang is their 'cent' but its so small!).
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mattboston
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June 28, 2011, 11:49:15 AM |
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Worthless
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david4dev
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June 28, 2011, 12:09:25 PM |
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Just use SI prefixes!
1BTC = 1 bitcoin 0.1BTC = 1dBTC = 1 decibitcoin 0.01BTC = 1cBTC = 1 centibitcoin 0.001BTC = 1mBTC = 1milibitcoin 0.0001BTC = 1dmBTC = 1 deci-milibitcoin 0.00001BTC = 1cmBTC = 1 centi-milibitcoin 0.000001BTC = 1µBTC = 1 microbitcoin 0.0000001BTC = 1dµBTC = 1 deci-microbitcoin 0.00000001BTC = 1cµBTC = 1 centi-microbitcoin
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ribuck
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June 28, 2011, 12:55:41 PM |
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Just use SI prefixes!
1BTC = 1 bitcoin 0.1BTC = 1dBTC = 1 decibitcoin 0.01BTC = 1cBTC = 1 centibitcoin...
The prefixes "deci" and "centi" are not SI prefixes. They are leftovers from the pre-SI metric system, and they add more complexity than benefit. So let's keep it simple... 1 BTC = 1 bitcoin 0.001 BTC = 1 mBTC = 1 millibitcoin (nickname "one Millie") 0.000001 BTC = 1 uBTC = 1 microbitcoin (nickname "one Mike") The base unit of 0.00000001 BTC is the same as 10 nanobitcoins, but I think this will be confusing because we cannot represent 1 nanobitcoin (so how can we have ten of them?). The existing usage seems to work well enough: 0.00000001 BTC (nickname "one Satoshi").
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static
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June 28, 2011, 02:31:52 PM |
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ShitBit
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noob_jul11
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June 28, 2011, 03:53:27 PM |
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Uselessbit
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royalecraig
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June 28, 2011, 04:33:21 PM |
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A NanoBit.
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bonker
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June 29, 2011, 10:46:03 AM |
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How about a "ringpiece"
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grondilu
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June 29, 2011, 10:50:41 AM |
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decananobitcoin
deca=10x nano=10^-9 => decanano=10^-8
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PandaMiner
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July 01, 2011, 09:23:44 AM |
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How about... a Quark?
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