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Author Topic: cB or 1/100 BTC - Convenient Unit Right?  (Read 1374 times)
arthurdent6
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July 20, 2013, 03:11:33 AM
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cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Just putting that out there.
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adamthefishman
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July 20, 2013, 05:08:14 AM
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Your suggestion is good,

Bit cents is so close to dollars and cents, that it doesn't take much to figure out.

Prob the next step down would be 1/100th smaller.

Cent of bitcent?

Well done
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July 20, 2013, 10:34:28 AM
 #3

Bitcent: BTc  Wink

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worldinacoin
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July 20, 2013, 10:44:10 AM
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I prefer XBT etc that are more conventional, and I really do not see cB being convenient at all, given that Bitcoin is itself a Unit Coin
jdbtracker
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July 20, 2013, 09:35:42 PM
 #5

Why not just call it a Cent? and the next step down .000 a Milli, .0000 Ten Milli .000000 a Micro

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July 20, 2013, 09:41:46 PM
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Why not just call it a Cent? and the next step down .000 a Milli, .0000 Ten Milli .000000 a Micro

I can imagine the misunderstandings that could ensue:

Merch. "That'll be a hundred and fifty seven millibits and twenty four cents, please"

Cust. "o_O??"

Vires in numeris
johnblaze
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July 21, 2013, 04:11:24 AM
 #7

how many of these suggestion threads do we need ? next thing ppl will be suggesting to use tenthBTC 0.1

i thought it was agreed that mBTC (0.001) was the way forward ?
TimJBenham
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July 21, 2013, 04:25:36 AM
 #8

cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

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J603
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July 22, 2013, 05:54:34 PM
 #9

cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

"Cent" means 100, and it can go either way. Plus, seeing as American coins are called "cents" I think that we can understand.
Peter Lambert
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July 22, 2013, 06:02:46 PM
 #10

This conversation has gone on many times on the forum, please use the search function instead of starting new topics.

I prefer to use mB (millibitcoin, or pronounced millibits) for small amounts. For even smaller amounts you can use microbitcoins, abreviated µB or uB. For example, one USD is currently valued at about 10.88 mB.

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AliceWonder
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July 28, 2013, 07:08:29 PM
 #11

I prefer to stick with powers of 10 divisible by three, as is convention in SI units.

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AliceWonder
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July 28, 2013, 07:10:10 PM
 #12

cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

No we don't.
We use centimeter etc. all the bleeping time.

Where do these weird perceptions of Americans come from?

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
monkeybars
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July 30, 2013, 10:34:56 PM
 #13

Bitcents could be cool, but really they're too big; after all they're worth more than a dollar already.

By the time people are using BTC a lot, it'll be worth over $1000. So I think we'll probably skip on to mills and mikes. A few years later, tens of satoshis.
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July 31, 2013, 01:22:50 PM
 #14

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

No we don't.
We use centimeter etc. all the bleeping time.

Where do these weird perceptions of Americans come from?

The cyclopses (cyclopii?) in Krull traded an eye for the ability to see the future, but they were tricked.  They could only see their own death.

Metric system devotees traded the ability to divide lengths and measures by 3 for the ability to be annoying on the internet.  But they were tricked, we can multiply by 10 just as well as they can.

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TimJBenham
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July 31, 2013, 09:40:56 PM
 #15

cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

No we don't.
We use centimeter etc. all the bleeping time.

Where do these weird perceptions of Americans come from?

Centi-millionaire.

You are a warlord in the outskirts of the known world struggling to establish a kingdom in the wild lands.
Kazu
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August 01, 2013, 02:16:08 AM
 #16

Im for millibit. Centibit sounds too close to cent and will cause people to think it should be worth a cent. Saying millibit sounds like a unit of disk storage to someone that doesn't know better.

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