Please stop with mBTC, microBTC, ...!

[galbros]

I like satoshi now too.  Everything else is just confusing.  It took awhile but it is a lot easier to keep track of now, especially as the new unit people keep advocating for us all to use keeps changing.  Forget it, just use satoshi, feel rich!

[ShakyhandsBTCer]

I like satoshi now too.  Everything else is just confusing.  It took awhile but it is a lot easier to keep track of now, especially as the new unit people keep advocating for us all to use keeps changing.  Forget it, just use satoshi, feel rich!

It makes sense to use Satoshi as long as it is not more then 100 satoshi, otherwise you should just use BTC and use decimal places to the right.

[okthen]

It's true that too many divisions can be confusing.
But we need something between satoshis and bitcoins.

[Benjig]

In third world countries, bitcoin has fresh field, but you have to introduce it to them like mBTCs, seeing that every unit is less than a dollar, it will get sold like hot bread.
People cant afford the idea of buying some currency thats more expensive that his weekly income.

[ShakyhandsBTCer]

It's true that too many divisions can be confusing.
But we need something between satoshis and bitcoins.

Why do we need something between satoshis and bitcoins? What is so bad about looking to the right of the decimal 6 places and counting 6 zeros?

[HarryT1923]

i agree with OP. burn the metric system!

[Vod]

i agree with OP. burn the metric system!

lol the entire world uses the metric system.

What do you want us to do?  Go back to memorizing how many xx is in yy?  Throw away the base 10 (fingers) model?

[dyask]

i agree with OP. burn the metric system!

lol the entire world uses the metric system.

What do you want us to do?  Go back to memorizing how many xx is in yy?  Throw away the base 10 (fingers) model?

That is why mBTC, uBTC and Satoshi make sense.  Well Satoshi isn't metric but it sounds better than "bits".   However I'm in Japan which is mostly in the rest of the world, except cars drive on the left hand side of the road here.  

[CEG5952]

It all just seems unnecessary, and tied to pegging BTC to the value of fiat. Why? Maybe it's because I'll always count my bitcoins in whole numbers, being somewhat of an early adopter. I don't price things (fiat value) in cents, either -- I use dollars...

[zimmah]

i agree with OP. burn the metric system!

lol the entire world uses the metric system.

What do you want us to do?  Go back to memorizing how many xx is in yy?  Throw away the base 10 (fingers) model?

back to measuring with your thumbs, legs, elbows and feet.

oh wait that's what they are still doing in america aren't they?

[wachtwoord]

i agree with OP. burn the metric system!

lol the entire world uses the metric system.

What do you want us to do?  Go back to memorizing how many xx is in yy?  Throw away the base 10 (fingers) model?

back to measuring with your thumbs, legs, elbows and feet.

oh wait that's what they are still doing in america aren't they?

Yeah they are. And then they complain when a sane alternative is suggested ...

[molecular]

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.

how is that simpler than 1 bitcoin is 1 million BITS?

[dyask]

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.

how is that simpler than 1 bitcoin is 1 million BITS?

Actually you mean 100 million BITS?   

BTC, mBTC, uBTC & Satoshi are all we need.

[easyrhino]

If bitcoin is going to grow 100x as many of you desire/predict, doesn't it make sense to develop a denomination now that reflects this future value?

It is easier to view a world where a coffee costs 500 coins instead of 0.000005 coins.  The latter is just nonsensical.

[tmobileguy]

If bitcoin is going to grow 100x as many of you desire/predict, doesn't it make sense to develop a denomination now that reflects this future value?

It is easier to view a world where a coffee costs 500 coins instead of 0.000005 coins.  The latter is just nonsensical.

Exactly...glad to hear that someone else actually understands the issue...

[BurtW]

Actually you mean 100 million BITS?  

BTC, mBTC, uBTC & Satoshi are all we need.

No, the "bits" proposal is to use "bits" as a shorthand for microBitcoins.

For those that missed it or misunderstood it, the entire "bits" proposal is as follows:

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.

[molecular]

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.

how is that simpler than 1 bitcoin is 1 million BITS?

Actually you mean 100 million BITS?   

Actually no. 0.01 BITS = 1 satoshi

[dyask]

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.

how is that simpler than 1 bitcoin is 1 million BITS?

Actually you mean 100 million BITS?  

Actually no. 0.01 BITS = 1 satoshi

Argh! I stand corrected and BITS is the same a uBTC ... I much prefer uBTC as that is something I can EASILY understand.  u = micro = 10^-6.  

[BurtW]

"bits" is just the proposed short name for 10^-6 BTC in exactly the same way that "satoshi" was at one time the proposed short name, and is now generally accepted as the short name, for 10^-8 BTC.

[wachtwoord]

"bits" is just the proposed short name for 10^-6 BTC in exactly the same way that "satoshi" was at one time the proposed short name, and is now generally accepted as the short name, for 10^-8 BTC.

10<sup>-8 doesn't have a well known name in the metric system. That combined with the fact it's the smallest unit in the original system I understand the need for a different name (plus Satoshi deserves to be honored).

Bits, however, is just retarded. 10-6 is micro, something which everyone who completed high school should know.

That this is even being discussed makes me sad</sup>