Please stop with mBTC, microBTC, ...!

[dyask]

nBTC would be very confusing since there is no way to currently represent/transact/buy/sell 1 nBTC.

So yes you could represent amounts in nBTC but only in steps of 10 (for now):  10 nBTC, 20 nBTC, 30 nBTC etc.

That's the one parameter satoshi got wrong. To make it compliant with the scientific notation, it should really be 1 BCT = 10⁹ satoshi, or 1 BTC = 10⁶ satoshi.

Anyway, that's not going to be changed.

He didn't get it wrong.

It is compliant with metric notation.

1 satoshi = .01 uBTC.

With respect to scientific notation, you pick one and use it throughout.

e.g. if you are using mks like physics often does - you represent a thousandth of a meter as 10^(-3) m and not as mm.

If you are using cgs like chemists often do - you represent a thousandth of a meter as 10^(-1) cm and not as mm

People keep confusing scientific with metric.

Scientific notation is fine with metric (SI), one is a unit and one is a multiplier.   The two can be used together without issue.   

[DhaniBoy]

yeah i agree with this
mBTC, uBTC are too hard to remember
i'm not familiar with that
i prefer to use 0.000005 BTC

[sandykho47]

i think cBTC, mBTC, bits, XBC, uBTC, nBTC is very hard to remember and to convert to BTC

1 cBTC = 0.01 = 6 USD
1 mBTC = 0.001 = 0.6 USD
1 bits = 0.000001 = 0.0006 USD
1 uBTC = 0.000001 = 0.0006 USD
1 satoshi = 0.00000001 = 0.000006 USD
1 nBTC = 0.000000001 = 0.0000006 USD

all of them are confusing me
but i think we should use BTC & mBTC ONLY
who would buy something with 0.000001 BTC (1 uBTC / 1 bits)

and most exhcange that i see, only use BTC / mBTC

[rarkenin]

In my opinion, ALL engineering notation prefixes should be fair game. I should be able to talk about milliBTC, or microBTC.
BTC and mBTC are used for purchases, while μBTC can be used to discuss fees.


nanoBTC is not of much use. When talking about the network as a whole, it could be worthwhile to discuss kilo- or mega-BTC.

Some altcoin could have a use for kiloFOO, or even megaFOO for transactions themselves.

[whitefly]

I'm actually using BTC and Satoshi, and this is enough for me.
Hoewer, people like to add complexity.

[STT]

Complexity can make a product more familiar to various parts of society.   Depends if the detail is required or ends up like lawyer speak, alot of trouble and confusion.   My experience recently of using btc was its slower, more expensive and fiddly then just transferring funds from my bank account via paypal which is instant and 2 mouse clicks as Ive already set it up


I was just setting up coinbase which has the wallet listed in Bits and I dont think its helping really.    I still get a long number with decimal point and comma, the BTC amount is actually simpler apart from the extra zeroes in there.
It might be all redundant if BTC value rises properly it will make the sat argument far more viable

[molecular]

It might be all redundant if BTC value rises properly it will make the sat argument far more viable

I think we're finally on a good way to findin a consensus here...

[bitsmichel]

With all those terms coming around, it gets very confusing - but this confusion only appears when you need to convert say nBTC to uBTC
or nBTC to bits. BTC is also a great unit.. I think everyone on this forum knows the current BTC market price.
I think overtime a lot of these units will be abandoned.

[dyask]

With all those terms coming around, it gets very confusing - but this confusion only appears when you need to convert say nBTC to uBTC
or nBTC to bits. BTC is also a great unit.. I think everyone on this forum knows the current BTC market price.
I think overtime a lot of these units will be abandoned.

As long as BTC is used, mBTC, uBTC, nBTC ... are all natural terms.   If BTC is abandoned, then I hope we don't fall into a system like the unit miss-mash insane confusing system used in the USA.   Fewer units is better than more units.  We already have BTC and satoshi, that should be enough.  "bits" is just uBTC so it can be used those that really need another unit. 

[hikedoon]

 I'll stick to  BTC and satoshi.
 

[tspacepilot]

I think the OP is quite off the mark on this one.  Using SI prefixes is a really normal thing to do.  Do you say "I'm going to visit my friend in the next town, he lives just 25000 meters away", or do you say "25km"?  It's really the same thing.  Similarly, most likely you talk about the size of your hard drive in GigaBytes, not 1000000000s of Bytes.

I would, however, agree with you about these proposals for other funky named units "BITS", etc, that stuff does sound like some other coin and it's weird.

SI prefixes are quite standard, however, and they are very useful.

[williamj2543]

I get confused by all the different names, even satoshis. I just like it when people use a big decimal in standard BTC pricing.

[polynesia]

Very soon, only Satoshis will be required for regular transactions (I wish  )

[Febo]

In my opinion, ALL engineering notation prefixes should be fair game. I should be able to talk about milliBTC, or microBTC.
BTC and mBTC are used for purchases, while μBTC can be used to discuss fees.


nanoBTC is not of much use. When talking about the network as a whole, it could be worthwhile to discuss kilo- or mega-BTC.

Some altcoin could have a use for kiloFOO, or even megaFOO for transactions themselves.

It is this way normally.

and yes, would be nice to have a kiloBTC  

[BtcGains]

It's all about preference, I personally think mBTC is confusing to start off with but makes sense as you get use to it. It's just like $ and Cents, it makes sense
uBTC on the other hand can be dropped.

Though I guess as value rises, mBTC and uBTC will be more common terms and in which then I agree satoshi is a better use of measuring Bitcoins rather than mBTC and uBTC (uBTC is darn confusing)

[RobertDJ]

I think the OP is quite off the mark on this one.  Using SI prefixes is a really normal thing to do.  Do you say "I'm going to visit my friend in the next town, he lives just 25000 meters away", or do you say "25km"?  It's really the same thing.  Similarly, most likely you talk about the size of your hard drive in GigaBytes, not 1000000000s of Bytes.

I would, however, agree with you about these proposals for other funky named units "BITS", etc, that stuff does sound like some other coin and it's weird.

SI prefixes are quite standard, however, and they are very useful.

Even people that are on the metric system will not be used to using terms that signify a small percentage of something. Using these terms will cause confusion and will likely cause sellers to get scammed out of their product when they are offered a price that is a small fraction of what their product is worth.

[sed]

I think the OP is quite off the mark on this one.  Using SI prefixes is a really normal thing to do.  Do you say "I'm going to visit my friend in the next town, he lives just 25000 meters away", or do you say "25km"?  It's really the same thing.  Similarly, most likely you talk about the size of your hard drive in GigaBytes, not 1000000000s of Bytes.

I would, however, agree with you about these proposals for other funky named units "BITS", etc, that stuff does sound like some other coin and it's weird.

SI prefixes are quite standard, however, and they are very useful.

Even people that are on the metric system will not be used to using terms that signify a small percentage of something. Using these terms will cause confusion and will likely cause sellers to get scammed out of their product when they are offered a price that is a small fraction of what their product is worth.

I think that's pretty unlikely, personally, or if it does happen then I'd say that Dawin's laws have to apply.  I mean, if someone measuring seconds can't keep track of micro vs milli seconds, how is that the fault of transparently using nearly universal abbreviations (the SI!).  If someone measuring money can't keep track of the decimal point, I think it's sorta the same situation.

[gambian-]

i think cBTC, mBTC, bits, XBC, uBTC, nBTC is very hard to remember and to convert to BTC

1 cBTC = 0.01 = 6 USD
1 mBTC = 0.001 = 0.6 USD
1 bits = 0.000001 = 0.0006 USD
1 uBTC = 0.000001 = 0.0006 USD
1 satoshi = 0.00000001 = 0.000006 USD
1 nBTC = 0.000000001 = 0.0000006 USD

all of them are confusing me
but i think we should use BTC & mBTC ONLY
who would buy something with 0.000001 BTC (1 uBTC / 1 bits)

and most exhcange that i see, only use BTC / mBTC

1 satoshi is a good enough unit...
BTC and Sat(s) are fine, the others can be dropped. My opinion

[dyask]

I think the OP is quite off the mark on this one.  Using SI prefixes is a really normal thing to do.  Do you say "I'm going to visit my friend in the next town, he lives just 25000 meters away", or do you say "25km"?  It's really the same thing.  Similarly, most likely you talk about the size of your hard drive in GigaBytes, not 1000000000s of Bytes.

I would, however, agree with you about these proposals for other funky named units "BITS", etc, that stuff does sound like some other coin and it's weird.

SI prefixes are quite standard, however, and they are very useful.

Even people that are on the metric system will not be used to using terms that signify a small percentage of something. Using these terms will cause confusion and will likely cause sellers to get scammed out of their product when they are offered a price that is a small fraction of what their product is worth.

Huh?  It seems it is only the bonehead Americans that refuse to learn a sane system that are at risked of getting scammed.   There isn't any confusion in the metric system.   For example a meter is the measurement of length.  It doesn't matter if you are talking about the distance to the moon or size of a blood cell.  There isn't any confusion because SI prefixes are standard and the meter is a standard length.  

[sed]

I think the OP is quite off the mark on this one.  Using SI prefixes is a really normal thing to do.  Do you say "I'm going to visit my friend in the next town, he lives just 25000 meters away", or do you say "25km"?  It's really the same thing.  Similarly, most likely you talk about the size of your hard drive in GigaBytes, not 1000000000s of Bytes.

I would, however, agree with you about these proposals for other funky named units "BITS", etc, that stuff does sound like some other coin and it's weird.

SI prefixes are quite standard, however, and they are very useful.

Even people that are on the metric system will not be used to using terms that signify a small percentage of something. Using these terms will cause confusion and will likely cause sellers to get scammed out of their product when they are offered a price that is a small fraction of what their product is worth.

Huh?  It seems it is only the bonehead Americans that refuse to learn a sane system that are at risked of getting scammed.   There isn't any confusion in the metric system.   For example a meter is the measurement of length.  It doesn't matter if you are talking about the distance to the moon or size of a blood cell.  There isn't any confusion because SI prefixes are standard and the meter is a standard length.  

I don't think being american has anything to do with it.  Even americans use kilo/mega/giga/terabytes and milli/micro/nanoseconds.  There are many, many other examples.  I agree with you that the SI prefixes are completly standard and non-confusing.  The thing that americans refuse to adopt (overall) is the base units of meter/liter, etc.  But even Americans use the metric prefixes in the standard way as multipliers.