Please stop with mBTC, microBTC, ...!

[Kluge]

I don't even care anymore. I just wish people would stop trying to engineer language like it makes any damn difference in adoption. I'm half-expecting actual, funded organizations to pop up campaigning on something as stupid as the nomenclature of currency denominations. People'll call it what they want based on need and really don't need us telling them what to call it with any unified voice of arrogant progress retardation from self-declared we-know-betters.

[1714033413]

1714033413

[tmobileguy]

I don't even care anymore. I just wish people would stop trying to engineer language like it makes any damn difference in adoption. I'm half-expecting actual, funded organizations to pop up campaigning on something as stupid as the nomenclature of currency denominations. People'll call it what they want based on need and really don't need us telling them what to call it with any unified voice of arrogant progress retardation from self-declared we-know-betters.

It makes a huge difference...It is one of the single biggest hurdles to mainstream adoption....

Anyone who is depending on the use of the word 'satoshi' to be used in everyday trading value in anglo-saxen based countries might as well sell their bitcoins right now... Its not going to happen...

Bitcoin suffers from marketing, which is a common problem with advanced technology because just like doctors, usually people skilled in the creation or adaptation of advance technology are terrible with marketing....reason being, their brains are far more advanced and they don't relate to the average public in the same way....

Bitcoin has some serious nomenclature issues....bitcoin is a very catchy name, but with mass adaptation will useless in all but a handfull of transactions...I wish we could just 'split' the price of a bitcoin and adjust it for what would be used in daily transactional values, but thus I know this is virtually impossible...

For those that suggest using bitcoin and satoshi as the two values, I say you are crazy....the average person does not understand numbers that go to the right of the decimal point, which is why with USD, we only go 2 digits past... I mean hell, trying to get someone to understand that $5.10 and  $5.1 are the same number is a feat in itself...thats exactly why USD are always 2 digits to the right, because people don't under that the last zero is meaningless...and now you want to take them 3,4,5 digits past that??? Implossible for the average person to adapt to...

The best idea from a marketing standpoint is the bit...If people can relate a 'bit' to a 'dollar' and 'centibit to a 'cent', then we have a chance of adaptation...and as for worry or confusion of the computer term, you wont have to worry about that with the general population, and the people out there that actually use computer 'bits' will be smart enough to figure out the difference...

Most people dont know what their internet speed is or how its rated, or the speed of their computers, or hard drives etc etc...
This is evident in ISP's rating everything in Gb to make it some super high number, and then people looking at GB and thinking thats how fast their internet download speeds are...99.99% of people don't even know to take that number and divide by 8 if they really want to know what speed they are really paying for....

I vote the 'bit'....the centibit can also be the satoshi equivalent in other countries that choose to adopt it or use that nomenclature...

[Benjig]

or just use big number

explain them that there are 100 millions satoshi for 1 btc therefore 0.01 is 1M satoshi 0.001(mbtc) is 100k satoshy and so on

how is that different from using the metric system?

in fact, you are using the metric system backwards (you go from satoshi instead of from bitcoin).

Either way works for me, but it think it's even better to use bitcoin.

If bitcoin reaches more than four figures again, it will be even more uncomfortable to use bitcoin unit, so i dont know where do you see the advantage over mbtc.

[Kluge]

If the "average person" can't comprehend satoshis and BTC, they're probably best-suited to determine what they should be called, not someone who calls them an "average person." If they're not redefining the units, "average people" are probably smarter than we think and can handle numbers with zeros. I deal with zeros and radix points all the time. My electric bill is $326.32, not three Bens, twenty-six Big Georges, and thirty-two Abes. That's just about impossible to even put into a usable form (hint: usable form is $326.32).

[Justin00]

thread winner.

I don't mind mBTC.

BITS sounds stupid. Like it is a hole other coin.. not mBTC etc.. least it has BTC in it...

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.

[tmobileguy]

If the "average person" can't comprehend satoshis and BTC, they're probably best-suited to determine what they should be called, not someone who calls them an "average person." If they're not redefining the units, "average people" are probably smarter than we think and can handle numbers with zeros. I deal with zeros and radix points all the time. My electric bill is $326.32, not three Bens, twenty-six Big Georges, and thirty-two Abes. That's just about impossible to even put into a usable form (hint: usable form is $326.32).

I am an 'average person'....my IQ is slightly above average but probably no where near most of the IQ's on this forum...which is why I have lurked here for about a year and only felt comfortable making my first post about a week ago...

I got an 1180 on my SAT, not dumb, but not brilliant, but probably above the national average....I also scored a 780 on the math side of it which is probably fairly higher then the norm...well, from my own person experience with bitcoin, I find myself constantly looking at the zero's and trying to figure out how much bitcoin I actually have and what it's value is in USD since its the only way I can truly comprehend its value...I have to decrease from 600 to 60 to 6 with each move over and then approximate what my value is... Owning a nightclub (like a big one, 17k+ plus sq ft), I can tell you that I am around 1,000's and 1,000's of 'average' people that I can relate to, on a weekly basis...and most of them look at me like I am some kind of math genius and when I try to explain bitcoin to them and what the values are for each wallet (example given, showing them a coinbase wallet on my phone)...its beyond their comprehension with all the zeros...

The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...

[STT]

That is totally correct, anyone in advertising or really any normal kind of industry can relate to making a product as easy as possible to pick up.     Bitcoin is nowhere easy enough yet.   The stupidly long hash codes and so on, that cannot be the face of this product not if its really going mainstream.   6 zeroes for a value doesnt work either.
     When that kind of mechanical working to btc is kept in the cupboard where it belongs and nobody need have a clue what it is to use btc then thats when I see wider success possible.

Theres QR codes and thats a great time saver.   Dont want presidents heads for values, it could lit up red when sending 1 btc from a wallet, yellow for ten times less, green hundred, blue thousandth of a btc, grey for the degrees down to 1 sat.  Thats a simple enough grading to help stop accidentally entering the wrong number of zeroes, basically btc has to pass the drunk test :p  I doubt a colour is it but thats how simple any grading to value has to be for global everyday use.    whatever system has to more disposable, liquid and accepting to its users in its approach

http://satoshivalue.com/

[Kluge]

The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...

Alright. Sorry to be a combative asshole. I guess you've probably dealt with a few, heh. I guess I can't even imagine any kind of system adding "label granularity" between basically "1" (a satoshi) and "100,000,000" (a bitcoin) without it pissing me off just because it's different.

[flagel8]

....For those that suggest using bitcoin and satoshi as the two values, I say you are crazy....the average person does not understand numbers that go to the right of the decimal point, which is why with USD, we only go 2 digits past... I mean hell, trying to get someone to understand that $5.10 and  $5.1 are the same number is a feat in itself...thats exactly why USD are always 2 digits to the right, because people don't under that the last zero is meaningless...and now you want to take them 3,4,5 digits past that??? Implossible for the average person to adapt to...

The best idea from a marketing standpoint is the bit...If people can relate a 'bit' to a 'dollar' and 'centibit to a 'cent', then we have a chance of adaptation...and as for worry or confusion of the computer term, you wont have to worry about that with the general population, and the people out there that actually use computer 'bits' will be smart enough to figure out the difference...

Most people dont know what their internet speed is or how its rated, or the speed of their computers, or hard drives etc etc...
This is evident in ISP's rating everything in Gb to make it some super high number, and then people looking at GB and thinking thats how fast their internet download speeds are...99.99% of people don't even know to take that number and divide by 8 if they really want to know what speed they are really paying for....

I vote the 'bit'....the centibit can also be the satoshi equivalent in other countries that choose to adopt it or use that nomenclature...

This guy gets it! And all the Tech-snobs who sneer at those who don't, won't or can't deal with figures more than 2 places to the right of the decimal point, don't. It's about marketing, not scientific correctness. It's about ergonomic ease of use.

Sure, your car's speedometer COULD be calibrated in inches per second. It's not incorrect. But it's the wrong unit for ease of use. It's ergonomically sub-optimal. Having a unit where we have to use 6 or 7 places to the right of the decimal point is also ergonomically sub-optimal. It will lead to mistakes, maybe not by you, but by the would-be non-technical users, and you know it. That's why it's also the wrong unit. Correct or not, 'bits' makes sense. Assuming you do want general adoption.

[flagel8]

That is totally correct, anyone in advertising or really any normal kind of industry can relate to making a product as easy as possible to pick up.     Bitcoin is nowhere easy enough yet.   The stupidly long hash codes and so on, that cannot be the face of this product not if its really going mainstream.   6 zeroes for a value doesnt work either.
     When that kind of mechanical working to btc is kept in the cupboard where it belongs and nobody need have a clue what it is to use btc then thats when I see wider success possible.

Theres QR codes and thats a great time saver.   Dont want presidents heads for values, it could lit up red when sending 1 btc from a wallet, yellow for ten times less, green hundred, blue thousandth of a btc, grey for the degrees down to 1 sat.  Thats a simple enough grading to help stop accidentally entering the wrong number of zeroes, basically btc has to pass the drunk test :p  I doubt a colour is it but thats how simple any grading to value has to be for global everyday use.    whatever system has to more disposable, liquid and accepting to its users in its approach

http://satoshivalue.com/

This guy also gets it! The color coding is brilliant. A redundant check which doesn't take up any time. Excellent thinking. Superior ergonomics.

"btc has to pass the drunk test" Exactly. You have to make it idiot proof. Because even smart people can do dumb things, when they are distracted, or nervous.

[Stn]

I never encounter yet any mBTC, BITS, uBTC or whatever. Neither seen any leader companies adopting them (like it was stated far above). I thought only some pretentious people uses them to show off.

If a client would write me request with mBTC amount I even won't bother myself to guess or search on net information how much it is. I would kick him back with his bird language demanding amount in BTC or fuck off at all.

[PrimevalLeviathan]

it is not important
 mBTC, microBTC  can't change  bitcoin
like cut  1 dollar   to  10000  piece

[dyask]

I prefer BTC, mBTC, uBTC, s
's' is for satoshi

uBTC will be perfect once BTC hits $1 million.   I just hope it isn't hyper-inflation that gets it there.

[dyask]

The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...

Most people don't have a clue about how many widely accepted things work.   Easy to understand just isn't that important.   Easy to use is important. 

[tmobileguy]

The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...

Most people don't have a clue about how many widely accepted things work.   Easy to understand just isn't that important.   Easy to use is important. 

I either misspoke or miscommunicated...easy to use is what I mean't to say or convey...

but you are correct...its like the old saying about the easier something is for someone to use, usually the more complex it is on the backend...

[dyask]

The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...

Most people don't have a clue about how many widely accepted things work.   Easy to understand just isn't that important.   Easy to use is important. 

I either misspoke or miscommunicated...easy to use is what I mean't to say or convey...

but you are correct...its like the old saying about the easier something is for someone to use, usually the more complex it is on the backend...

Sorry, I misunderstood.   

[Erdogan]

Unit naming discussion resurrected - this means new users - bullish!

[teukon]

It makes a huge difference...It is one of the single biggest hurdles to mainstream adoption....

So?  Bitcoin does not have an adoption problem.  If anything, it's being adopted too quickly already and minor hurdles to mainstream adoption could well be a good thing!

Bitcoin suffers from marketing, which is a common problem with advanced technology because just like doctors, usually people skilled in the creation or adaptation of advance technology are terrible with marketing....reason being, their brains are far more advanced and they don't relate to the average public in the same way....

Bitcoin is not a company trying to sell a product, it's an experiment in p2p money.  I do not market; I think, criticise, share, debate, and learn.

Some years ago, bitcoiners would primarily lead others into understanding.  Today it is considered proper to mislead others into buying.

[bbulker]

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.

That is quite funny that you say "bit" sounds like a whole new coin and "satoshi" does not.  

Most people won't even know the connection between Bitcoin and Satoshi.

[tmobileguy]

So?  Bitcoin does not have an adoption problem among tech savvy individuals that see the potential down the road

Corrected that for you

If anything, it's being adopted too quickly already and minor hurdles to mainstream adoption could well be a good thing!

So you are saying that you think it is good to keep an inferior product so that it doesn't see mass adoption? I would think now would be the time to figure out ways to smooth over those minor hurdles, one of them being a great nomenclature and products that will make it easy to use...

Bitcoin is not a company trying to sell a product, it's an experiment in p2p money.  I do not market; I think, criticise, share, debate, and learn.

Bitcoin is not a company trying to sell a product, its people trying to sell a better way to transact in order to get away from the broken system of corruption and greed that is controllned by the few and for the benefit of the few ....but to say that great concepts and ideas don't need a great marketing plan is naive... You can think, criticise, share, debate, and learn ways to make bitcoin more appealing and easier to use just like any other attribute of bitcoin that could be improved upon...

Some years ago, bitcoiners would primarily lead others into understanding.  Today it is considered proper to mislead others into buying.

I mislead people everyday into buying bitcoin...because I think it will improve their way of life down the road... I explain to them the fundamentals of the economy that they currently participate in and how 'fractional reserves' and 'licenses to print money' are just ways to devalue the wealth that everyone else has...and how bitcoin takes the power away from the few, and secures through the power of many...

I could simply show them charts and show how much bitcoin has gone up and value, and then show them how much it will continue to go up (imo) and tell them to jump on the bandwagon for that reason, but then I would be no better then the crooks on wall street who do the same thing without having any legit reason of 'why' it is going to go up... I believe providing the 'why' is more important then providing the 'when', and I believe that's the difference between the bitcoin backers and the alternate choices...