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Author Topic: Is it time to switch to satoshis ???  (Read 5243 times)
onecent
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September 03, 2013, 05:19:34 AM
 #41

i'll take mBTC over satoshi's any day. until you are buying things in satoshis without it sounding like your buying a house




mBTC is a better choice for now, although it just sounds cheaper Tongue
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barbarousrelic
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September 03, 2013, 05:36:09 AM
 #42

It may be too late to change this, but I think the most useful configuration would be to move the decimal point six places to the right. 1,000,000 New Bitcoins equals one old Bitcoin. The most common unit would be the KBTC = 1000 new Bitcoins = .001 old Bitcoins. There are still two decimal places left, just like most currencies.


1000KBTC = 1 old Bitcoin.

$20 USD = .154 old Bitcoin = 154 KBTC.

$100 USD = .77 old Bitcoin = 770 KBTC.

It is much easier for people to think and talk about thousands of something versus thousandths of something.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
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September 03, 2013, 05:37:46 AM
 #43

It may be too late to change this, but I think the most useful configuration would be to move the decimal point six places to the right. 1,000,000 New Bitcoins equals one old Bitcoin. The most common unit would be the KBTC = 1000 new Bitcoins = .001 old Bitcoins.

It is much easier for people to think and talk about thousands of something versus thousandths of something.

Never going to happen.

Use mBTC (most clients support it).
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September 03, 2013, 05:50:05 AM
 #44

Clearly mBTC should be the next common unit. Instead of changing the old notations it would be good to find a good name for these:   
1/1000 Bitcoin = 1 mBTC = ?
1/1000 mBTC = 1 µBTC = ?
1/100 µBTC = 1 Satoshi

Maybe its also enough to talk about mBTC or µBTC.
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September 03, 2013, 06:36:23 AM
 #45

cBTC for life!

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