xavier46930 (OP)
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November 28, 2013, 04:42:11 PM |
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Now that BTC has topped $1000 there is a movement to start talking in mBTC to overcome the psychological barrier of only being able to purchase a small part of something. I think a much simpler solution that will never require additional changes is to simply start referring to uBTCs as "bits." Each BITcoin is made up of 1,000,000 bits. An additional benefit is that each bit then consists of 100 Satoshi's. It couldn't be much simpler and more accessible to the average person. 1 BTC = 1,000,000 Bits = 100,000,000 Satoshi's I'd would much rather deal with bits than any kind of BTC prefix when it comes to a currency and I think the general populace would as well. More compelling argument here: http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Gator-hex
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November 28, 2013, 04:45:32 PM Last edit: November 28, 2013, 05:03:57 PM by Gator-hex |
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I always refer to them as $atoshis. I'm a $atoshi Billionaire, it sounds so much grander than, I've got 10 bitcoins! Telling the ladies you're a $Billionaire will make you so much more popular! Hahaha...
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WayTooGosu
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November 28, 2013, 05:02:01 PM |
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mBtc is a good unit to use. 1 mB is now about 1 USD, making it perfect to use.
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dreamfault
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November 28, 2013, 05:53:02 PM |
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I prefer not to change anything in use today. Leave it as it as says. Initially, newbies get confused to these terms.
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ajax3592
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Crypto News & Tutorials - Coinramble.com
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November 28, 2013, 06:14:44 PM |
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I prefer not to change anything in use today. Leave it as it as says. Initially, newbies get confused to these terms.
Exactly, the current terms took me 10-15 times of googling to figure how many decimals in mBTC, uBTC and Satoshi.
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livingdevils
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November 28, 2013, 06:27:57 PM |
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I prefer not to change anything in use today. Leave it as it as says. Initially, newbies get confused to these terms.
Exactly, the current terms took me 10-15 times of googling to figure how many decimals in mBTC, uBTC and Satoshi. I too agree with this, whenever I see 10,000 satoshis to payout in faucet sites, I am quite eager to know how many cents I earned. But after 2 to 3 math calculations, I found I've earned a meagre amount.
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hieroglyph
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December 03, 2013, 04:55:39 PM |
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I think it's will be about timing if mbtc will be accepted. when mbtc makes sense to the average bitcoiner mathematically speaking we will see it's use spread IMO.
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bshambler32
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December 03, 2013, 05:04:06 PM |
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Right, always to pay with 0,0000xx is something what the masses wont do. Another reason why altcoins will be important
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marcoe
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December 03, 2013, 05:10:52 PM |
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I prefer not to change anything in use today. Leave it as it as says. Initially, newbies get confused to these terms.
Exactly. There is no need to introduce new units or names. We already have BTC, mBTC, µBTC, and satoshi (sat).
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over1977v
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December 03, 2013, 05:21:57 PM |
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Right, always to pay with 0,0000xx is something what the masses wont do. Another reason why altcoins will be important No need for 0,0000xx , use Satoshis instead and you will be fine. 100.000 Satohis = 0.001 BTC = 1 USD (now)
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petiB
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December 03, 2013, 05:25:27 PM |
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good idea!
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