galbros
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July 06, 2014, 12:32:08 AM |
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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!
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ShakyhandsBTCer
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
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July 06, 2014, 01:22:39 AM |
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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.
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okthen
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July 06, 2014, 01:32:52 AM |
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It's true that too many divisions can be confusing. But we need something between satoshis and bitcoins.
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Benjig
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July 06, 2014, 01:36:17 AM |
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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.
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ShakyhandsBTCer
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
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July 06, 2014, 01:59:32 AM |
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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?
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HarryT1923
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July 06, 2014, 05:38:55 AM |
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i agree with OP. burn the metric system!
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Vod
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Licking my boob since 1970
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July 06, 2014, 05:48:18 AM |
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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?
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I post for interest - not signature spam. https://vod.fan - fast/free image sharing - coming Oct! Will Theymos finish his $100,000,000 forum before this one shuts down?
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dyask
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July 06, 2014, 06:11:49 AM |
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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.
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CEG5952
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July 06, 2014, 06:47:18 AM |
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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...
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zimmah
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July 06, 2014, 11:49:27 AM |
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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?
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wachtwoord
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July 06, 2014, 07:18:52 PM |
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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 ...
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molecular
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July 07, 2014, 09:43:08 AM |
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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?
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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dyask
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July 07, 2014, 12:05:19 PM |
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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.
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easyrhino
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July 07, 2014, 03:58:41 PM |
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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.
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tmobileguy
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July 07, 2014, 04:41:44 PM |
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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...
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BurtW
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July 07, 2014, 05:10:34 PM |
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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.
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molecular
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July 07, 2014, 05:54:34 PM |
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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
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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dyask
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July 07, 2014, 11:11:50 PM Last edit: July 08, 2014, 02:49:15 AM by dyask |
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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.
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BurtW
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July 07, 2014, 11:33:59 PM |
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"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.
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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wachtwoord
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July 07, 2014, 11:59:55 PM |
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"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 -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
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