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Question: Do you think this could catch on ?
Yes I will start doing this - 2 (66.7%)
Yes but with a few alterations - 0 (0%)
No the current format is fine - 1 (33.3%)
WTH that is stupid you noob - 0 (0%)
Total Voters: 3

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Author Topic: Bitcoin denominations  (Read 723 times)
overunity (OP)
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September 16, 2013, 01:09:07 AM
 #1

Hello ,

I read a few posts and when people posts in a " 0.00005 " I have to close one eye to read the zeros especially when they do not put zeros after the "5" lol.


Would it be possible for forum goers to assume anything to the left of the decimal  is a BTC  and to the right is a satoshi ?

To save my winking at the screen We could have a format :-

1btc ,10btc, 100btc etc...

 To This ------>                1satoshi         ,10sat,    ,  100sat     1Ksat ,    10ksat,   100ksat,     1milsat ,   10milsat;
                                          ^                   ^            ^             ^           ^             ^             ^           ^                                                                                        ^                                        ^                   ^            ^             ^           ^             ^             ^           ^
 This --------->               .00000001 ,    .0000001 , .000001,   .00001   .0001         .001            .01             .1 
...
Just my humble suggestion after reading various threads.

What do you peeps think for my first post ?

 
 
odolvlobo
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September 16, 2013, 02:12:11 AM
 #2

I read a few posts and when people posts in a " 0.00005 " I have to close one eye to read the zeros especially when they do not put zeros after the "5" lol.
Would it be possible for forum goers to assume anything to the left of the decimal  is a BTC  and to the right is a satoshi ?
To save my winking at the screen We could have a format :-
1btc ,10btc, 100btc etc...
 To This ------>                1satoshi         ,10sat,    ,  100sat     1Ksat ,    10ksat,   100ksat,     1milsat ,   10milsat;
                                          ^                   ^            ^             ^           ^             ^             ^           ^                                                                                        ^                                        ^                   ^            ^             ^           ^             ^             ^           ^
 This --------->               .00000001 ,    .0000001 , .000001,   .00001   .0001         .001            .01             .1 
...
Just my humble suggestion after reading various threads.
What do you peeps think for my first post ?

I think it's an excellent first post. A satoshi is currently too small to be a useful unit. 10,000 satoshis are worth little more than a penny. Most people expect that the metric system will be used (i.e. 0.001 btc --> 1 mbtc, 0.000001 btc --> 1 ubtc, etc.). We'll see what actually happens eventually.

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overunity (OP)
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September 16, 2013, 09:19:39 AM
 #3

Thank you .
I believe as the market cap rises and The central banks keep weakening currencies globally .

One satoshi will be worth a British penny within 10 years .

At  that point we will all be millionaires ,unfortunately a tin of beans will likely cost £10,000 or a few  satoshi.

.01 satoshi is worth pennies in 4 years .

I firmly believe .001 will be worth pennies within 12 months .

Once a large foodstore starts to accept bitcoin .001 to a penny will happen real fast .

1BTC for £85:00 will be laughed at in the next 4 years .

roflmao129
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September 16, 2013, 09:31:55 AM
 #4

Thank you .
I believe as the market cap rises and The central banks keep weakening currencies globally .

One satoshi will be worth a British penny within 10 years .

At  that point we will all be millionaires ,unfortunately a tin of beans will likely cost £10,000 or a few  satoshi.

.01 satoshi is worth pennies in 4 years .

I firmly believe .001 will be worth pennies within 12 months .

Once a large foodstore starts to accept bitcoin .001 to a penny will happen real fast .

1BTC for £85:00 will be laughed at in the next 4 years .



Lets hope so.

qwertyGuy
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September 16, 2013, 09:32:20 AM
 #5

What do you peeps think for my first post ?


The text formats bad in my browser  Tongue

But nice idea, and welcome, but I will stick with mBTC, uBTC
overunity (OP)
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September 16, 2013, 04:38:33 PM
 #6

What do you peeps think for my first post ?


The text formats bad in my browser  Tongue

But nice idea, and welcome, but I will stick with mBTC, uBTC

Ok lol it was just an idea .
overunity (OP)
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September 16, 2013, 04:54:37 PM
 #7

I was just thinking though ,
My suggestion was long winded but any thing to the right would be simply :

S= satoshi .

eg 1,320s
25,623s
345,699s
1,345,699s
25,456,789s



and to the left

2Btc
30btc etc .

while say sterling has a format 0.00 left = pounds, right = pences .
Dollar has 0.00, dollar to left ,cents to right .
The peoples currency could simply be :
BTC to the left satoshi to the right

BTC10.99
would be simply 10.99 btc
and without full BTC's in the transaction just like £ we will simply have satoshis(s)

These days abbreviation and speed seem to be priority .

Just throwing it out there
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