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Author Topic: uBTC is better than mBTC, and here's why.  (Read 3718 times)
DennisD7
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January 20, 2014, 05:43:18 PM
 #21

I just read up on pre-decimal denominations of United Kingdom. Maybe we can borrow something from that old system:

InspirationNameValue
PoundsBitcoin1.00000000
ShillingsBitshilling0.00100000
PenceBitpence0.00000100
(farthing)Satoshi0.00000001

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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daviducsb
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January 20, 2014, 11:09:06 PM
 #22

Using uBTC or mBTC will never work. The only way to use a smaller subdivision is to shift the decimal point and continue to use BTC as a unit.




This makes the most sense by far.
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