Oh, i have said this before, anything beyond satoshis and bitcoins is useless, especially mBTC
Anyone in any country that uses the SI-system understands what m
BTC means. It's still my favourite unit: not too big, not too small. It's closest to euro/dollar in value, and thus very convenient for "daily" amounts.
My country is SI based, i use millimeters all the time. Its not about figuring what it means, its the inconvenience of it. 1€ or 1$ might sound convenient to YOU, but you forget those 2 coins also have TWO decimals. This is where all this discussion came about in the first place: 1¢ as in cent, which happens to be the unit before the mili, as in centimeter.
If you wanted to be SI compliant, you would have to use the word 10 nano bitcoin, which is much longer than saying 1 satoshi. OR you could say a 0.001 micro bitcoins which is the same garbage as mBTC.
There is ZERO inconvenience in sticking to satoshis. But there IS is you use mBTC, you force people to ask one or two questions: How many Satoshis is that, how many decimals that was. AND, you are using reasoning that will become moot over time "that it looks like €", because bitcoin price will remain forever locked to the €... So what are you going to do if bitcoin price goes 100k or 500k?
The mBTC was proposed as a BIP and i totally reject it. Only bitcoin or satoshis is enough, for now. If they ever expand to 16 decimals, another one will be needed. Even the one being used by LN which is 12 decimals might need a name...
But not mBTC, that has no place anywhere, it only creates confusion, i recommend anyone to avoid this.
At this time, you need about 150 million of my country's fiat to buy 1 bitcoin. We are no longer on par with satoshi, that was last week. This week you need one and a half bolivars to buy 1 satoshi. Everything in the street is expressed in those prices, things normally cost 10 thousand or 100 thousand, it is perfectly normal and easy. 1 bitcoin is 100 million satoshis, or 150 million bolivars.
Hyperinflation is always used as text book example of economies that would switch to bitcoin. But in reality we would be working with the satoshi, as 1 bitcoin looks incredibly impossible, when a monthly wage here is perhaps 25000 satoshis. Some of you euro people probably earn a quarter or half bitcoin in a month...
That joke coin is even better than our fiat. Game money, such as that from games like WoW is far more valuable, and that has no blockchain or protection of any kind, its pure printing worse than fiat. Anyone living here that doesn't manage to get any income in any foreign currency, is in trouble as the "socialist" State isn't going to save you by giving you some left overs once a month you are supposed to eat from.
