satoshis seriously, already! its defacto now, forget ubtc and mbtc

[jubalix]

satoshis seriously!

people are already using satoshis, lets go straight to that, its pretty common now, Doge User base is completely familiar with satoshis as is all of the alts. That's massive.

Satoshis now, why?

• it differentiates
• cements the BTC history in,
• set BTC as the bar, that is already defacto.
• works nicely to 1satoshi = 1 cent
• feels good to own 10K satoshi
• will put pressure to make x-actions costs cheaper, improving comparative advantage
• end of ubtc and mbtc threads
• already so common people say sats
• moon 2, etc
• adoption hyperspace
• ?.?.?.?.?
• Profit

saves this argument at mbit , ubit etc. which will just cycle back as mbit become to big

[blatchcorn]

Agreed with all points.  No brainer.

[BitCoinDream]

satoshis seriously!

people are already using satoshis, lets go straight to that, its pretty common now, Doge User base is completely familiar with satoshis as is all of the alts. That's massive.

Satoshis now, why?

• it differentiates
• cements the BTC history in,
• set BTC as the bar, that is already defacto.
• works nicely to 1satoshi = 1 cent
• feels good to own 10K satoshi
• will put pressure to make x-actions costs cheaper, improving comparative advantage
• end of ubtc and mbtc threads
• already so common people say sats

saves this argument at mbit , ubit etc. which will just cycle back as mbit become to big

Most of the faucet payments are now counted in Satoshi.

[Bitcoinpro]

yes and time to drop the mining fees right down

[TheKoziTwo]

I prefer bits. 1 BTC = 1,000,000 bits

People are used to having 2 decimals and with bits, that will fit perfectly since bits leaves 2 decimals, e.g 128.24 bits

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

[gagalady]

Ok , I don't have anything against using satoshis, i support this idea.

[DooMAD]

I prefer bits. 1 BTC = 1,000,000 bits

People are used to having 2 decimals and with bits, that will fit perfectly since bits leaves 2 decimals, e.g 128.24 bits

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

Concurred.  I'm sticking with microbits (or bits for short).  If a satoshi is loosely the equivalent of a penny, then it needs a larger denomination to go with it.

[SherdonIke]

Agreed with all points except profit. are they profitable? I doubt

[linuxnewbie]

I intend to do what comes naturally, which is to use both 'BTC' and 'satoshis.' When I want to convey the idea of 0.3 BTC, I say 0.3 BTC. Someday, I'll want to convey the idea of 0.00000300 BTC, and I'll say 300 satoshis.

[bananaControl]

I prefer bits. 1 BTC = 1,000,000 bits

People are used to having 2 decimals and with bits, that will fit perfectly since bits leaves 2 decimals, e.g 128.24 bits

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

Exactly. People are used to doing it that way, and it fits in nicely with programs/systems designed to handle currency.

[escrow.ms]

• feels good to own 10K satoshi

According to wiki:
A satoshi is currently the smallest unit of the Bitcoin currency (1/100,000,000 BTC or 0.00000001 BTC)
10000 x 0.00000001 = 0.0001 BTC
Really?

[roslinpl]

I prefer bits. 1 BTC = 1,000,000 bits

People are used to having 2 decimals and with bits, that will fit perfectly since bits leaves 2 decimals, e.g 128.24 bits

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

Exactly. People are used to doing it that way, and it fits in nicely with programs/systems designed to handle currency.

I do not think you understand a thread How come it fits nicely with programs/systems designed to handle currency??



I think scaling this way:

00000001 BTC = 1 satoshi
.0000001 BTC = 10 satoshi
.000001 BTC = 1 uBTC (micro)
.00001 BTC = 10 uBTC
.0001 BTC = 100 uBTC
.001 BTC = 1 mBTC (milli)
.01 BTC = 10 mBTC
.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 kBTC (kilo)
10.000 BTC = 10 kBTC
100.000 BTC = 100 kBTC
1.000.000 BTC = 1 MBTC (mega)
10.000.000 BTC = 10 MBTC

is not bad at all

[durrrr]

i think that a satoshi is too small because if you go buy a home its going to be 1000,0000,000 satosi home lol and so on. i think mbtc is closer to the dollar

[roslinpl]

i think that a satoshi is too small because if you go buy a home its going to be 1000,0000,000 satosi home lol and so on. i think mbtc is closer to the dollar

When you use for example "cents" or "pennies".

Do you say you paid 50000000 cents/pennies for a house? ;P

I will say I paid 300BTC.  

[bananaControl]

I prefer bits. 1 BTC = 1,000,000 bits

People are used to having 2 decimals and with bits, that will fit perfectly since bits leaves 2 decimals, e.g 128.24 bits

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

Exactly. People are used to doing it that way, and it fits in nicely with programs/systems designed to handle currency.

I do not think you understand a thread How come it fits nicely with programs/systems designed to handle currency??

Because they are designed to handle decimal currencies (with 100 subunits). It would be stupid not to follow an already established way of doing things.

[Bit_Happy]

I prefer bits. 1 BTC = 1,000,000 bits

People are used to having 2 decimals and with bits, that will fit perfectly since bits leaves 2 decimals, e.g 128.24 bits

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

bits and Satoshis could end up the most popular.
ubtc and mbtc never looked good to me at all; I'm finally getting used to mbtc, but still do not like it compared to BTC or Satoshi.

[DeathAndTaxes]

I prefer bits. 1 BTC = 1,000,000 bits

People are used to having 2 decimals and with bits, that will fit perfectly since bits leaves 2 decimals, e.g 128.24 bits

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

Exactly. People are used to doing it that way, and it fits in nicely with programs/systems designed to handle currency.

I do not think you understand a thread How come it fits nicely with programs/systems designed to handle currency??

Because they are designed to handle decimal currencies (with 100 subunits). It would be stupid not to follow an already established way of doing things.

For those who don't get the significance, this is important for legacy software which often has restricted input size.  For example we use "bits" (uBTC) internally for financial accounting.   All Bitcoin ledgers are in uBTC.   Quickbooks (and lots of other software) assumes that exchange rates will fall into a specific range and thus only has so many significant digits).

1 uBTC = 0.00045 USD
1 USD = 2222.22 BTC

Using satoshi wasn't (haven't rechecked lately) possible because the exchange rate fields didn't have sufficient digits
1 sat = 0.0000045 USD
1 USD = 222222.2222

This was even more of a problem previously when the exchange rate was lower.  Even if sat:USD exchange rate fits currently in your accounting software be sure to check what a 75% (or 90%) exchange rate drop would do.  It would be a nightmare to have an accounting system in place which simply fails if the exchange rate drops below $XXX USD per BTC.

[Malin Keshar]

1 satoshi is way less than 1 cent. Bitcoin would looks like doge if we do that at this point

[troy112]

I prefer bits. 1 BTC = 1,000,000 bits

People are used to having 2 decimals and with bits, that will fit perfectly since bits leaves 2 decimals, e.g 128.24 bits

http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/

Exactly. People are used to doing it that way, and it fits in nicely with programs/systems designed to handle currency.

I do not think you understand a thread How come it fits nicely with programs/systems designed to handle currency??



I think scaling this way:

00000001 BTC = 1 satoshi
.0000001 BTC = 10 satoshi
.000001 BTC = 1 uBTC (micro)
.00001 BTC = 10 uBTC
.0001 BTC = 100 uBTC
.001 BTC = 1 mBTC (milli)
.01 BTC = 10 mBTC
.1 BTC = 100 mBTC
1 BTC = 1 BTC
10 BTC = 10 BTC
100 BTC = 100 BTC
1.000 BTC = 1 kBTC (kilo)
10.000 BTC = 10 kBTC
100.000 BTC = 100 kBTC
1.000.000 BTC = 1 MBTC (mega)
10.000.000 BTC = 10 MBTC

is not bad at all

nice, but its just that to many decinals makes it difficult...

[Bit_Happy]

1 satoshi is way less than 1 cent. Bitcoin would looks like doge if we do that at this point

Actually it's way too late for this discussion to matter much.
BTC is out in the wild and people will use the units they prefer.
The time for major changes has long passed.