Please stop with mBTC, microBTC, ...!

[Dallas5]

Just use BTC or satoshi (0.00000001) like in:

I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!

Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.

Coinedup and a few other sites are guilty of using mBTC.

1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.

[1714191078]

1714191078

[1714191078]

1714191078

[bitcasino]

And what about the idea to use BITS ?

[Dallas5]

And what about the idea to use BITS ?

Sounds like a whole new coin to me nothing to do with bitcoin.

I think sat or s short for satoshi is acceptable, but I don't make the rules. Just think it is unwise to continue with mBTC and alike.

[flagel8]

It looks like BITS is going to be the one used.

I sure hope so. The sooner, the better.

[Dallas5]

It looks like BITS is going to be the one used.

I sure hope so. The sooner, the better.

Why?

What's next please send me 10 kilobyte? 1 byte = 8 bits = 0.00000008 BTC.

[zimmah]

And what about the idea to use BITS ?

even worse, at least milli, micro and nano are SI units.

In the world of fiat we use cents and mills too. So why shouldn't we do the same with bitcoins?

For the 100000th time i will quote wiki on this:

https://en.wikipedia.org/wiki/Metric_prefix

A metric prefix or SI prefix is a unit prefix that precedes a basic unit of measure to indicate a decadic multiple or fraction of the unit.
Each prefix has a unique symbol that is prepended to the unit symbol.

Decimal multiplicative prefixes have been a feature of all forms of the metric system with many dating back to the system's introduction in the 1790s. Metric prefixes have even been pre-pended to non-metric units. Today the prefixes are standardized for use in the International System of Units (SI) by the International Bureau of Weights and Measures (BIPM) in resolutions dating from 1960 to 1991.

Also:

https://en.wikipedia.org/wiki/Mill_(currency)

The mill or mille (₥) (sometimes mil in the UK, when discussing property taxes in the United States, or previously in Cyprus and Malta) is a now-abstract unit of currency used sometimes in accounting. In the United States, it is a notional unit equivalent to 1⁄1000 of a United States dollar (a tenth of a cent). In the United Kingdom it was proposed during the decades of discussion on the decimalization of the pound as a 1⁄1000 division of the pound sterling. Several other currencies used the mill, such as the Maltese lira.

The term comes from the Latin "millesimum", meaning "thousandth part".

The term mill is often used in finance, particularly in conjunction with equity market microstructure, as one-hundredth of a cent. For example, a broker that charges 5 mils per share is taking in $5 every 10,000 shares traded. Additionally, in finance the term is spelled "mil".

So, the terms milli- and micro- (and nano-, should we need them) bitcoins should come natural, and by extension the terms mill, and mic (or mike) should also be commonplace just like 'cent'.

[Benjig]

Just use BTC or satoshi (0.00000001) like in:

I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!

Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.

Coinedup and a few other sites are guilty of using mBTC.

1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.

What you say doesnt make sense, people will be more confused saying what they bought for cero point many ceros and some units(0.0004), they can even commit some mistakes.

Using mBTCs and uBTCS will not make any problem, people know its about bitcoin, its like talking about megabytes and gigabytes, its the same, people know they all mean an amount.
People barely know about other coins, what mostly are shitty coins, so if they see the word "BTC" they know its talking about bitcoin.

[vuduchyld]

I just bought a sandwich for a centiBTC.

[Ron~Popeil]

Just use BTC or satoshi (0.00000001) like in:

I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!

Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.

Coinedup and a few other sites are guilty of using mBTC.

1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.

With satoshi being such a small unit I prefer bits being added as well. I agree that mBTC and Ubtc etc. are a little confusing. 

[miffman]

I know for a lot of us it may be pretty easy to use and switch between units but we need to have something solid if we want mass adoption

[EcuaMobi]

It looks like BITS is going to be the one used.

I sure hope so. The sooner, the better.

Why?

What's next please send me 10 kilobyte? 1 byte = 8 bits = 0.00000008 BTC.

1 bit is 1 microBitcoin (0.000001), not 0.00000001.
And no, kilobyte and byte have nothing to do here.

And it is just a nickname, so you could say it is SI because it's just another word for microbitcoin.

I like this idea and actually think it would be easier for newcomers to deal in bits instead of Bitcoins.

P.S.: I'm a developer so I'm used to the other meaning of bit.
And I'm not from the US, so I'm more than used to the SI units.

[boumalo]

Just use BTC or satoshi (0.00000001) like in:

I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!

Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.

Coinedup and a few other sites are guilty of using mBTC.

1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.

With satoshi being such a small unit I prefer bits being added as well. I agree that mBTC and Ubtc etc. are a little confusing. 

dBTC cBTC mBTC uBTC (u remplaced by the greek letter mu sometimes is confusing with mBTC)...When you know it is simple to understand but like the idea of BITS or talking in satoshis

[counter]

Why not just just them all?  The more ways to reference it and start a discussion the better if you ask me.  I'm starting to like the idea of bits but can't say it is a better system then mbtc so why not just incorporate both and explain the amount as a reference?

[EcuaMobi]

Why not just just them all?  The more ways to reference it and start a discussion the better if you ask me.  I'm starting to like the idea of bits but can't say it is a better system then mbtc so why not just incorporate both and explain the amount as a reference?

I think having several standards could be very confusing.

If somebody is used to satoshis and another person speaks in bits or uBTC, somebody could end up sending 100x times mores.

Anything we use in the future, I think it's best to have a single set of standards.
(And I don't mean a single unit, but a set, ex: BTC and bits)

[BurtW]

For those that do not know the entire "bits" proposal, which I personally like because it solves three issues in one proposal is:

1 satoshi = smallest unit, pretty much in general use today
1 bit       = 100 satoshi, eventually every day use, coffee, sandwiches, etc.
1 XBT     = 1 bit, should be the official symbol on all exchanges, forex, etc.
1 BTC     = 1000000 bits = kept for dealing with larger amounts, may fade

1 Bitcoin/bitcoin as a currency unit fades away

Bitcoin = the Bitcoin protocol

Notice that 1 microBitcoin = 100 satoshi = 1 bit = 1 XBT

When adopted we can all look forward to the day when a shave and a haircut will, once again, cost two bits.

[boumalo]

Why not just just them all?  The more ways to reference it and start a discussion the better if you ask me.  I'm starting to like the idea of bits but can't say it is a better system then mbtc so why not just incorporate both and explain the amount as a reference?

The winner will be decided by the free market

[wachtwoord]

Just use BTC or satoshi (0.00000001) like in:

I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!

Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.

Coinedup and a few other sites are guilty of using mBTC.

1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.

If you think microBitcoin sounds like a new coin I have doubts you finished high school

You do understand the concept of a centimeter right? You understand that it's the same as 0.01 M and not another unit of measurement? Come on, it's not rocket science.

[IIOII]

I agree with OP, Bitcoin and Satoshi are the only reasonable units.

Both units naturally emerged from usage. There is no advantage in propagating other units, they only add confusion.

In addition there is absolutely no problem in expressing amounts below 0.01 BTC efficiently  in Satoshi: You can just use the common abbreviation for thousands: 'k'.
So for example 100k Satoshi are 0.001 BTC. Simple and intuitive.

[counter]

For the record I did not realize a bit was not the same as 1 Satoshi...

Because of this I think it would not be the best idea to use if there is a chance it will confuse people.  I however think we should just call 1 Satoshi 1 Bit because it would makes sense for a single unit to be a bit IMO. 

The language does need to be tweaked but I don't think it is something worth fighting over is all.

[byronbb]

Agree, just price everything in USD.