Bitcoin Forum
November 09, 2026, 09:34:39 PM *
News: Latest Bitcoin Core release: 32.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Switching to mBTC and its psychological impact  (Read 143 times)
promise444c5
Legendary
*
Offline

Activity: 1190
Merit: 1266


All things are numbers


View Profile WWW
Today at 08:16:05 PM
 #21

Some student with $750 in BTC would have to use magnifying glass to count the zeroes in their BTC holding's number. With mBTC they would know that they hold roughly a dozen and the decimals aren't even that important.
Exaggerated.. max decimal place on most wallet is  8 with some supporting 6 and  anything  below 5 is most likely dust. Besides I don’t think most people really care about the unit that much, they care more about the equivalent in fiat and how close they are to 1 BTC/ how many BTC they have.

Units may only get more attention when its acceptance as a means of direct payment increases at large.

Still prefer either sats or BTC anyway Smiley..

Nothingtodo
Sr. Member
****
Offline

Activity: 1134
Merit: 326


★Bitvest.io★ Play Plinko or Invest!


View Profile
Today at 08:41:42 PM
 #22

Over time, the price of Bitcoin may be increasing day by day, meaning that earlier if someone wanted to invest, it was possible to buy hundreds of Bitcoins at the same time personally. But now if someone wants to buy one Bitcoin, it is beyond his means. Considering the digit in this situation, if someone wants to invest $100, then zero will come after his point more than once. So in this situation, mBTC or Sats will give him mental comfort that he has 10 mBTC or a few million sats. However, several non-custodial wallets have already added the issue of such currency units. Those who use Electrum non-custodial wallets will mainly see this advantage.

║
★
║
BIG WINNER!
[15.00000000 BTC]
║
★
║
▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀
║
★
║
║
★
║
✔ Rainbot
✔ Daily Quests
✔ Faucet
d5000
Legendary
*
Offline

Activity: 4816
Merit: 11412


Decentralization Maximalist


View Profile
Today at 08:53:49 PM
 #23

But maybe some people can argue that having similar name to bitcoin can make people get confused about it.
Exactly that's my problem with "bits". Some could, for example, argue that "bit" could also simply be a short form of "Bitcoin". And then you have a new source of confusion, even for possible scam attempts.

There was another idea which was the "Hal" or the "Finney" for some small unit (I guess it was 10 satoshis according to the Bitcoin wiki, although other sources claim it's the "Finney" is worth 10,000 satoshis). This is better in my opinion, because it is distinctive. However, at least the 10-satoshi unit imo is innecessary. If the "Finney" was worth the same as the "bit", i.e. 100 sats, or alternatively 1000 sats, then I'd support it because it would occupy a space close to current fiat units.

But I stand by my stance of the previous post - I think "Bitcoin" and "Satoshi" are largely sufficient.

PS: If Bitcoin really gets significantly above the 1 million USD mark, then thinking about smaller units than the satoshi could be necessary. So we could imagine a "Satcent" (1/100 sats). I don't really like the "msats" of the Lightning Network, but they have got some acceptance now so I'm nobody to interfere there ...

Smartprofit
Legendary
*
Offline

Activity: 3192
Merit: 2495



View Profile WWW
Today at 09:05:36 PM
 #24

When I was young, I dreamed of earning $1,000,000. I don't know why... I was young and foolish, and saving $1,000,000 seemed like a pretty good life goal. Now I don't think so. I never achieved $1,000,000. If I had, I'd probably be very proud of that achievement. 🙋

However, I still love the number 1,000,000. It's very beautiful!

That's why, for me, the unit of measurement for Bitcoin is 0.01 BTC (1,000,000 satoshi). Earning 0.01 BTC is much easier than earning 1 BTC. 1 BTC = 100 million satoshi. Easy to calculate and easy to remember. It's easy to feel like a millionaire!

As for mBTC, I personally don't like that unit of measurement for Bitcoin. 💁

▄▄███████████████████▄▄
▄███████████████████████▄
███████████████████▄█████
█████████████████████████
███████████▀█████████████
█████████▀███▀██████▀████
██████████████████▄██████
█████████▄▄█▄▄███████████
██████████▄▄▄████████████
███████████████████▀█████
████████████████▀▀███████
▀███████████████████████▀
▀▀███████████████████▀▀
 
 EARNBET 
|⚽ 🏀
 
🏈 🏓
 
🎯 🥊
 
⚾ 🎾
 
⛳ 🏐
 
🏏 🏎️
|


███████▄▄███████████
████▄██████████████████
██▄▀▀███████████████▀▀███
█▄████████████████████████
▄▄████████▀▀▀▀▀████████▄▄██
███████████████████████████
█████████▌████▀████████████
███████████████████████████
▀▀███████▄▄▄▄▄█████████▀▀██
█▀█████████████████████▀██
██▀▄▄███████████████▄▄███
████▀██████████████████
███████▀▀███████████

....HIGHEST....
VIP REWARDS

 ✔ G U A R A N T E E D   
| 
 🜲 
KING OF
THE CASTLE

$200K in prizes
| 
..PLAY NOW..
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!