Minecache (OP)
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Vave.com - Crypto Casino
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July 19, 2014, 10:13:56 AM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
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shorena
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No I dont escrow anymore.
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July 19, 2014, 10:31:37 AM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
I have a solution for all of you suggesting "the solution": Stop suggesting solutions! #1 there is no problem, use whatever floats your boat. Just consider if you are using bit and you have no way to change it, I will not use your service. I allready have 2 different meanings for bit in my head I dont need a 3rd. #2 there will be an accepted term that will develop organicallyMy thoughts on your specific "solution": Are you serious? This will confuse the hell out of people. Switching the meaning of terms with eachother is never a good idea. "[...]`Oh, that was easy,' says Man, and for an encore goes on to prove that black is white and gets himself killed on the next zebra crossing.”
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Im not really here, its just your imagination.
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Scott J
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July 19, 2014, 10:35:42 AM |
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I have been here for quite a while and have never got used to mBTC, μBTC etc.
Expressing prices in satoshis works better for me, but I have no problem with 0.01 BTC or 0.001 BTC etc.
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Envrin
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July 19, 2014, 10:57:48 AM |
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Ummm, how about we don't, and say we did?
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chaosPT
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July 19, 2014, 11:03:07 AM |
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Thats even harder to understand unless bitcoin price are over 10.000
I like the way it is now Bitcoin , mBitcoin
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Cryptopher
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Keep it dense, yeah?
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July 19, 2014, 01:00:52 PM Last edit: July 19, 2014, 01:24:49 PM by Cryptopher |
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This is really confusing and unnecessary. The existing system is sufficient as it is.
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Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
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Lauda
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Terminated.
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July 19, 2014, 01:07:05 PM |
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This is the worst 'easy solution' that anyone has ever suggested for this non existent problem.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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MiningMole
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July 19, 2014, 01:14:27 PM |
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This isn't a solution. And there isn't even a problem in that regard that needs to be solved.
It must be a joke.
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jonanon
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July 19, 2014, 01:18:05 PM |
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Why do people find it necessary to slate other peoples ideas? After all it is only an idea
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franky1
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July 19, 2014, 01:31:25 PM |
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alot of people have already begun using 'bit' in their services, and this debate has gone on for 10 months+ now.....
unless YOU are a service provider, and you hate bit.. then simply use a different term yourself. as for those service providers already using bit, they obviously dont see it as a problem.
moving on
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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juju
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July 19, 2014, 01:54:04 PM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
Another denomination discussion, since their is no poll with this one, I will cast my vote by just saying no. Using all three together makes most sense to me: Bitcoin, Bits, and Satoshis. 1.0000000BTC = 1,000,000.00 Bits - 100 Satoshi = 1 Bit I still think we are quite sometime away from people adopting a new defacto name and denomination. Edit: Since no one said it earlier: You can spell it "Bitcoin", its not two words "Bit Coin".
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CoinRocka
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July 19, 2014, 01:56:08 PM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
I have a solution for all of you suggesting "the solution": Stop suggesting solutions! #1 there is no problem, use whatever floats your boat. Just consider if you are using bit and you have no way to change it, I will not use your service. I allready have 2 different meanings for bit in my head I dont need a 3rd. #2 there will be an accepted term that will develop organicallyMy thoughts on your specific "solution": Are you serious? This will confuse the hell out of people. Switching the meaning of terms with eachother is never a good idea. "[...]`Oh, that was easy,' says Man, and for an encore goes on to prove that black is white and gets himself killed on the next zebra crossing.”
Have some more coffee, you need it.
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whiteflight31
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July 19, 2014, 01:59:30 PM |
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I'm only using BTC and satoshi terms, and that's enough for me. There's no need to mess it up even more in my opinion.
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franky1
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July 19, 2014, 02:40:10 PM Last edit: July 19, 2014, 02:52:23 PM by franky1 |
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I'm only using BTC and satoshi terms, and that's enough for me. There's no need to mess it up even more in my opinion.
in egyptian times they thought all they needed was to measure gold in tonnes* and gold dust**... now we have grams and ounces *if an elephant could not pull it, it was more then a tonne ** labour and daily spend so i think that "bitcoin" will be the measure for the investment market. and small amounts for the daily spend stuff. and thats why this debate started 10 months ago as people hate to see 0.0000 (lots of decimal zeros) milibitcoin is still too large and is a temporal fix for the multi zero decimal annoyance. but yea i agree it will mess it up as soon later even that would start breaking down into multiple decimals.. thats why those with actual businesses and needs for a stable measure have gone with the 100satoshi measure. and most of them have agreed and started using the word 'bit' as a shorter and easier way to say μbtc.. as 'bit' sounds easier the 'you-be-te-see'. for average USERS, it does not matter, say it however you like. but for MERCHANTS and BUSINESSES, the discussion as drawn on for far too long and most have already startd using 'bit' so this matter is just stirring a pot that has no ingrediants, and will not really do much but waste your energy. in short the decision has been made. i am sorry to all the glory hounds that want their 15 minutes of fame by trying to be the one that names something. but that day has passed.. now can someone lock this thread as there are 100 more threads that people can talk on with denomination opinions, if they actually had one that actually held some actual chance of sounding better.. now can everyone before replying. PLEASE search the forum, (its easy) and use the other pre existing threads!
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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knifeedge
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July 19, 2014, 02:47:46 PM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
Your idea is clear to me but it's not a solution actually. And you know why? Because denomination works in other way, and giving bitcoin another name will bring us to the same point in a few month.
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whiteflight31
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July 19, 2014, 03:48:05 PM |
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I'm only using BTC and satoshi terms, and that's enough for me. There's no need to mess it up even more in my opinion.
in egyptian times they thought all they needed was to measure gold in tonnes* and gold dust**... now we have grams and ounces *if an elephant could not pull it, it was more then a tonne ** labour and daily spend so i think that "bitcoin" will be the measure for the investment market. and small amounts for the daily spend stuff. and thats why this debate started 10 months ago as people hate to see 0.0000 (lots of decimal zeros) milibitcoin is still too large and is a temporal fix for the multi zero decimal annoyance. but yea i agree it will mess it up as soon later even that would start breaking down into multiple decimals.. thats why those with actual businesses and needs for a stable measure have gone with the 100satoshi measure. and most of them have agreed and started using the word 'bit' as a shorter and easier way to say μbtc.. as 'bit' sounds easier the 'you-be-te-see'. for average USERS, it does not matter, say it however you like. but for MERCHANTS and BUSINESSES, the discussion as drawn on for far too long and most have already startd using 'bit' so this matter is just stirring a pot that has no ingrediants, and will not really do much but waste your energy. in short the decision has been made. i am sorry to all the glory hounds that want their 15 minutes of fame by trying to be the one that names something. but that day has passed.. now can someone lock this thread as there are 100 more threads that people can talk on with denomination opinions, if they actually had one that actually held some actual chance of sounding better.. now can everyone before replying. PLEASE search the forum, (its easy) and use the other pre existing threads! You got the point here. I think, most important thing is to use unified nomenclature, so everyone would understand.
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crazyALT47
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July 19, 2014, 06:38:52 PM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
Another denomination discussion, since their is no poll with this one, I will cast my vote by just saying no. Using all three together makes most sense to me: Bitcoin, Bits, and Satoshis. 1.0000000BTC = 1,000,000.00 Bits - 100 Satoshi = 1 Bit I still think we are quite sometime away from people adopting a new defacto name and denomination. Edit: Since no one said it earlier: You can spell it "Bitcoin", its not two words "Bit Coin". I think we should just keep the denomination the same as it is now as being "bitcoin" The price of bitcoin is not high enough now to warrant a change to the denomination. When the prices gets to the point so that mBTC is a few dollars then we can discuss changing the denomination
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BitProdigy
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We Are The New Wealthy Elite, Gentlemen
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July 19, 2014, 11:36:22 PM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
Actually this is possibly the best solution I have heard, we are married to 1.0 BTC being called a "Bitcoin" but when it becomes necessary to change the denomination because everyone is using .00001 BTC's, why not call .00001 a "Bitcoin"? Instead of trying to invent some clunky name for .00001. I think it's a good idea. Will most likely never happen, but it's a good idea. It solves the problem of wanting to use smaller denominations instead of confusing decimals, but at the same time wanting to be trading "bitcoins" not "millibits" or "bits" or whatever people are trying to come up with.
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franky1
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July 19, 2014, 11:40:36 PM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
Actually this is possibly the best solution I have heard, we are married to 1.0 BTC being called a "Bitcoin" but when it becomes necessary to change the denomination because everyone is using .00001 BTC's, why not call .00001 a "Bitcoin"? Instead of trying to invent some clunky name for .00001. I think it's a good idea. Will most likely never happen, but it's a good idea. It solves the problem of wanting to use smaller denominations instead of confusing decimals, but at the same time wanting to be trading "bitcoins" not "millibits" or "bits" or whatever people are trying to come up with. please will people PLEASE!!!!!!!!!!!!!!! search the other dozens of threads of this same topic.. you are all posting the same waffle that has been argued before.. calling a smaller denomination a bitcoin is like calling a gram of gold a tonne.. simply so the poor people can shout "hey i have 2 tonnes of gold" then when people actually check the balance of these people, they will laugh and say, sorry sucker you only have a couple grams.. your still poor. leave bitcoin as it is and call a denomination something else.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Argwai96
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Thug for life!
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July 20, 2014, 03:50:00 AM |
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Instead of using denominations like mBTC, μBTC etc simply change the name of 1 bit coin to be 1 satoshi and let 1 satoshi be 1 bit coin. In other words if you currently own 10 bit coins they will become 10 satoshis worth 10,0000,0000 bit coins. I think this is the easiest solution.
I don't really think there is a "problem" with the denomination of bitcoin. I think it works perfectly fine as is. I don't think we need to change the name to satoshi.... nor switch to mBTC, etc.
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