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Author Topic: Please stop with mBTC, microBTC, ...!  (Read 14935 times)
tspacepilot
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September 03, 2014, 07:14:52 PM
 #281

I think you are really disconnected from the real world and doesn't have a clue about how the average person thinks.

See this simple example:

A&W introduced a burger that was bigger and less expensive than McDonald's Quarter Pounder, but it failed because customers assumed 1/3 was less than 1/4.
http://factually.gizmodo.com/whats-bigger-1-3-pound-burgers-or-1-4-pound-burgers-1611118517


Yea that is just how it is.  You cant expect people to think, people dont go for a burger to do maths.    I know its so silly people would rank 3 below the 4 but thats the general standard of education now, I would guess most people know the right answer but not when they are not even thinking.

The whole 99,999.99 sales tags are also stupid but they work!     Could get a long list of stupid advertising tricks that should not work but they make alot of money combined for those that know how to use them.      Anything BTC does has to be paint by numbers simple in its implementation and just maybe it'll take off properly one day.   The whole hash code thing we got now should be relegated to the background mechanics, just like most people likely do not know their own registration plate on a car

I think by hashcode thing you're talking about bitcoin addresses.  And there definitely *are* people working to move those more to the background.  However, I'm happy enough about addresses, I have some btc in cold storage and I'm glad I have the key on paper not in a computer.  I think you're right to divide the actual bitcoin implementation and protocol from what advertizers might try to do.
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wasserman99
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September 04, 2014, 06:29:31 AM
 #282

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

Quote
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.
I think we are a very long way away from bitcoin reaching these levels. I think we should stick to BTC until bitcoin reaches a price so that mBTC and/or uBTC would be a more appropriate way to price something worth ~$100
I agree. There is no reason to price items in terms of mBTC and uBTC now because the result will be that the displayed price would contain a large figure which makes bitcoin look less valuable to the average person.

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September 04, 2014, 11:36:16 AM
 #283

I see exactly the opposite when selling BTC.  People complaining about how "expensive" they are and how they cannot afford them:  You mean to tell me they are 500 bucks a piece?  I cannot afford that!

But when they see 1 mBTC is only 50 cents then they think:  I can easily afford a few of those!

It is stupid, I know, but I have seen it in action.

Also if you have something that costs $1 then is is much easier to read the number 2.00 mBTC than the number 0.002 BTC.

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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September 04, 2014, 03:20:25 PM
 #284

Do we need a new standard? Im used to a lot of 0's but clueless people aren't. is not very nice to look at tbh
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September 04, 2014, 11:15:26 PM
 #285

I see exactly the opposite when selling BTC.  People complaining about how "expensive" they are and how they cannot afford them:  You mean to tell me they are 500 bucks a piece?  I cannot afford that!

But when they see 1 mBTC is only 50 cents then they think:  I can easily afford a few of those!

It is stupid, I know, but I have seen it in action.

Also if you have something that costs $1 then is is much easier to read the number 2.00 mBTC than the number 0.002 BTC.
I have never seen or heard anything say anything like this. That is kind of like someone saying that a $100 bill is too expensive for them to buy dollars.

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September 04, 2014, 11:36:25 PM
 #286

Do we need a new standard? Im used to a lot of 0's but clueless people aren't. is not very nice to look at tbh

that's not an argument to use the word 'bit'

i agree with using the unit of mBTC and i wouldn't even mind naming it, i just don't think 'bit' is a suitable name.

i still think using the SI units is the most efficient because everyone understands it.
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September 05, 2014, 10:23:24 PM
 #287

Indeed, its really confusing, we need an inbuilt calculator in the wallet or some shit.
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September 05, 2014, 10:30:34 PM
 #288

Indeed, its really confusing, we need an inbuilt calculator in the wallet or some shit.
it is really confusing, why not just stay with btc
tspacepilot
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September 06, 2014, 03:45:43 AM
 #289

Agree that bits is a terribly confusing thing to try to do.  About the poster who said it solves three problems in one, I didn't see what the problems were?  He mentioned using bitcoins and satoshis, but what is the problem solved by introducing a weird unit name somewhere in the middle of the decimal space.  Eventually everyone will know what a bitcoin is and how to divide it.  At that point, you can call 100 bitcoins a carrot or a kilobyte if you want to but you're just being strange, not helpful.
TimeWatch
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September 07, 2014, 08:18:55 AM
 #290

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.
I guess the term satoshi make it more clear than the other uBTC or fuckBTC thing.I don't understand what does that mean
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September 07, 2014, 09:19:32 AM
 #291

I understand perfectly what BTC, mBTC, uBTC, μBTC means, but I am used to the metric system.

l(liter), ml(mililiter) is the same thing.
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September 07, 2014, 09:51:34 AM
 #292

I understand perfectly what BTC, mBTC, uBTC, μBTC means, but I am used to the metric system.

l(liter), ml(mililiter) is the same thing.
Most of the world understands it.   The few that don't need to learn it.  It is about as basic as tying your shoes.
tspacepilot
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September 08, 2014, 03:44:30 AM
 #293

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.
I guess the term satoshi make it more clear than the other uBTC or fuckBTC thing.I don't understand what does that mean

I think you're one of these guys (below):

Most of the world understands it.   The few that don't need to learn it.  It is about as basic as tying your shoes.
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September 08, 2014, 03:12:40 PM
 #294

I understand perfectly what BTC, mBTC, uBTC, μBTC means, but I am used to the metric system.

l(liter), ml(mililiter) is the same thing.
Most of the world understands it.   The few that don't need to learn it.  It is about as basic as tying your shoes.

I guess America is an exception.  Grin
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September 08, 2014, 03:29:13 PM
 #295

It looks and sounds really bad to be honest, btc is still the cool name but too many 000000
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September 08, 2014, 03:56:46 PM
 #296

It looks and sounds really bad to be honest, btc is still the cool name but too many 000000
How many zero numbers would you like to see?
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