S3052 (OP)
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August 26, 2013, 09:27:22 PM |
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now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea? If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $ We can just split 1 Bitcoin into 1000 bits. yes, or prices need to be quoted in satoshis. still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc.. who decides on the "split"?
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notme
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Activity: 1904
Merit: 1002
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August 27, 2013, 12:12:29 AM |
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now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea? If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $ We can just split 1 Bitcoin into 1000 bits. yes, or prices need to be quoted in satoshis. still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc.. who decides on the "split"? I hope for a diversity of scales to be used via metric prefixes.
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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August 27, 2013, 05:27:28 AM |
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now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea? If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $ We can just split 1 Bitcoin into 1000 bits. yes, or prices need to be quoted in satoshis. still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc.. who decides on the "split"? I hope for a diversity of scales to be used via metric prefixes. A hope which is realized in the past! https://en.bitcoin.it/wiki/Units1 BTC = 1000 mBTC = μ1000000
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molecular
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Activity: 2772
Merit: 1019
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August 27, 2013, 06:31:11 AM |
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now we are onto something interesting..
We never discussed about a SPLIT.
Stocks are split regularly, but in BTC this does not really work. Any idea? If there is no split, BTCUSD will be like Warren Buffet's stock. Berkshire Hathaway (BRK.A). Current price 173,220.00 $ We can just split 1 Bitcoin into 1000 bits. yes, or prices need to be quoted in satoshis. still, there needs to be some sort of "agreement" to be able to show prices differently in charts software, financial media, etc.. who decides on the "split"? "the crowd". It's not time yet. When the "bit" or "mBTC" or "milli" or whatever comes close or surpasses USD paritiy people will move their minds, not before. So: next year
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
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Activity: 2772
Merit: 1019
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August 27, 2013, 06:33:36 AM |
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I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please".
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Ente
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Activity: 2126
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August 27, 2013, 07:58:58 AM |
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I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please". I agree. With "bits" this might get traction, but definitely not "milibits" "bits" parity to USD? Lets find out.. heh Ente
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Ozymandias
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August 27, 2013, 03:29:20 PM |
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I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please". Shave and a haircut? 2 bits.
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S3052 (OP)
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Activity: 2100
Merit: 1000
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August 27, 2013, 06:04:46 PM |
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I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please". Shave and a haircut? 2 bits. Will be interesting to order bitburgers...
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Walsoraj
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August 27, 2013, 07:44:15 PM |
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I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please". Shave and a haircut? 2 bits. Will be interesting to order bitburgers... artificially grown bitburgers are the future. i am ready.
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S3052 (OP)
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Activity: 2100
Merit: 1000
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August 27, 2013, 08:20:00 PM |
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I hope for a diversity of scales to be used via metric prefixes.
I can almost guarantee you people will not use "mBTC" in day-to-day usage. Some slang term will emerge. I vote for "bits". It's not consistent with anything, but rolls off the tongue easily. "That's twenty bits for that beer & burger, please". Shave and a haircut? 2 bits. Will be interesting to order bitburgers... artificially grown bitburgers are the future. i am ready. great meal: artificial bitburgers + Bitburger beer (German brand)
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NewLiberty
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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August 28, 2013, 02:46:30 AM |
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