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Question: Should "bits" become the standard for merchant pricing, wallets and general usage.
Bitcoin best as the common unit. 0.001234 is ok - 108 (14.1%)
milliBitcoins (thousandths) are best - 90 (11.7%)
Bits (millionths) are best - 570 (74.2%)
Total Voters: 768

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Author Topic: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE  (Read 56875 times)
iram1011
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January 17, 2016, 08:49:37 AM
 #541

Bits (millionths) are best   !

Yes absolutely true... When I send or receive payments (small) I enjoy bits than mBit..
For example 0.00234
234k bits
0.234 mbit

Well I prefer bits form Wink

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January 17, 2016, 02:07:24 PM
 #542

Bits (millionths) are best   !

Yes absolutely true... When I send or receive payments (small) I enjoy bits than mBit..
For example 0.00234 [no units, assuming BTC]
234k bits [should be 234 kBits?]
0.234 mbit [mBits makes no sense, perhaps you meant mBTC?]

Well I prefer bits form Wink

Confusing... Correcting your example:

   0.00234 BTC = 2.34 mBTC = 2,340 uBTC = 2,340 Bits = 2.34 kBits

Or, maybe you meant:

  0.234 BTC = 234 mBTC = 234,000 uBTC = 234 kBits?

Or, maybe:

  0.000234 BTC = 0.234 mBTC = 234 uBTC = 234 Bits?

The units of mBits makes no sense because:

0.234 mBits = 0.000234 Bits = 0.0234 Satoshis which is currently undefined.

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