rgenito (OP)
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October 06, 2014, 07:26:02 AM |
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I see that people are interested in the "bits" unit; however, given that few applications and services actually use it, how many people are actually using "bits" as their default unit now? https://bitcointalk.org/index.php?topic=592691.480I'm interested in helping others use this unit as well, so if you know of any services that use "bits", please mention them here. "µBTC" is kind of unfriendly, as your common person just has no idea what that is. Bitcoin Core (QT) wallet (Desktop): Technically this uses "bits", but names them "micro bits". To change to use "bits", go to the client's Preferences section, click the "Display" tab at the top, and select "Unit to show amounts in" to µBTC. Bread Wallet (iOS): This wallet *only* uses bits. http://breadwallet.comBitcoin Wallet (Android): Also uses bits -- but calls it the unfriendly term "µBTC". https://play.google.com/store/apps/details?id=de.schildbach.wallet&hl=en
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RustyNomad
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October 06, 2014, 07:36:43 AM |
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MyCelium HD Wallet for Android
You can select BTC, mBTC, uBTC and bits
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MineForeman.com
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October 06, 2014, 08:06:48 AM |
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Why is there no no option? Do you use "bits" yet as your Bitcoin unit of exchange? No.
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teukon
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October 06, 2014, 10:28:28 AM |
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"µBTC" is kind of unfriendly, as your common person just has no idea what that is.
I challenge you to ask 10 "common people" what a "bit" is. I also claim that while "µBTC" is somewhat unfriendly, if it is useful it will be softened in a natural way. People will write "uBTC" often because there is no "µ" on most keyboards. People may drop pronunciations such as "microbitcoin" or "u-bee-tee-cee" in favour of abbreviations such as "mic" or "ubit". Someone may invent a currency symbol, probably a "µ" with a bar through it, like ₥ (read: mill) which already exists and means a thousandth of a currency unit. If the unit becomes really popular prices might be typed as "240 u" or "1500 u" where the "u" is pronounced "yew" or "mics". If "kilograms" is often abbreviated to "kilos", "millilitres" to "mills", and "gigabytes" to "gigs", then why must we plan what people are going to do about "microbitcoins"? Can't we simply let the decentralised system which is natural language do its job? So no. While I can order a takeaway for 34 mills, paying a transaction fee of 200 mics, I have no need or want to adopt extra terms such as "bits".
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DannyHamilton
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October 06, 2014, 12:20:35 PM |
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"µBTC" is kind of unfriendly, as your common person just has no idea what that is.
I challenge you to ask 10 "common people" what a "bit" is. I also claim that while "µBTC" is somewhat unfriendly, if it is useful it will be softened in a natural way. People will write "uBTC" often because there is no "µ" on most keyboards. People may drop pronunciations such as "microbitcoin" or "u-bee-tee-cee" in favour of abbreviations such as "mic" or "ubit". Someone may invent a currency symbol, probably a "µ" with a bar through it, like ₥ (read: mill) which already exists and means a thousandth of a currency unit. If the unit becomes really popular prices might be typed as "240 u" or "1500 u" where the "u" is pronounced "yew" or "mics". If "kilograms" is often abbreviated to "kilos", "millilitres" to "mills", and "gigabytes" to "gigs", then why must we plan what people are going to do about "microbitcoins"? Can't we simply let the decentralised system which is natural language do its job? So no. While I can order a takeaway for 34 mills, paying a transaction fee of 200 mics, I have no need or want to adopt extra terms such as "bits". Agreed. I use the term microbitcoins (or occasionally shortened to microbits) and write it as µBTC. I've encountered people that have shortened "bitcoins" to "bits" when talking about whole bitcoins, so it would be confusing to use the word "bits" in place of "microbitcoins" when talking about a millionth of a bitcoin. Since I've encountered MANY people that have shortened the word "microbitcoins" to "microbits" when talking about a millionth of a bitcoin, it just adds additional confusion to use the word "bits".
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Paashaas
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October 06, 2014, 12:33:24 PM |
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I use Bits; it's easy, fast and simpel.
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Aswan
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October 06, 2014, 12:44:20 PM |
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I think it should not be used. Its a µBTC.
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Bitzkrieg
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October 06, 2014, 12:47:57 PM |
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Any complaints about breadwallet?
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CyberSuzy
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October 06, 2014, 01:32:36 PM |
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Bits are stupid.
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FUR11
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FURring bitcoin up since 1762
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October 06, 2014, 02:03:42 PM |
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I used to be against the usage of bits, because it already is a measuring unit of information, like everyone is pointing out, but it is a catchy name and isn't that far off - Bitcoin has the term 'bit' in its name, already!
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R2D221
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October 06, 2014, 02:04:25 PM |
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Since “Bitcoin” is the name of the currency, calling a SUBdivision “bit” is confusing as hell. “Bit” should be the abbreviation of “Bitcoin” itself, and terms such as “millibit” and “microbit” as the subdivisions.
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An economy based on endless growth is unsustainable.
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chenka563
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October 06, 2014, 02:05:29 PM |
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Now, it is not necessary at present
it is necessaryi in the future .
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FUR11
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FURring bitcoin up since 1762
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October 06, 2014, 02:07:56 PM |
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Since “Bitcoin” is the name of the currency, calling a SUBdivision “bit” is confusing as hell. “Bit” should be the abbreviation of “Bitcoin” itself, and terms such as “millibit” and “microbit” as the subdivisions.
Why not keep calling the base-unit a 'Bitcoin' or simply a 'coin' - that way the smaller denomination could be called a bit. It is a catchy name, after all!
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R2D221
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October 06, 2014, 02:23:48 PM |
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Since “Bitcoin” is the name of the currency, calling a SUBdivision “bit” is confusing as hell. “Bit” should be the abbreviation of “Bitcoin” itself, and terms such as “millibit” and “microbit” as the subdivisions.
Why not keep calling the base-unit a 'Bitcoin' or simply a 'coin' - that way the smaller denomination could be called a bit. It is a catchy name, after all! Because you're giving the same name to two different things, and Bitcoin's name won't change since it's already established.
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An economy based on endless growth is unsustainable.
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young3dvard
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October 06, 2014, 02:30:54 PM |
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"µBTC" is kind of unfriendly, as your common person just has no idea what that is.
Most computer/internet users have idea what mili and micro means. At least I hope ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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R2D221
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October 06, 2014, 04:10:12 PM |
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"µBTC" is kind of unfriendly, as your common person just has no idea what that is.
Most computer/internet users have idea what mili and micro means. At least I hope ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Also, it's an SI standard, so it would be easier to clarify.
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An economy based on endless growth is unsustainable.
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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October 06, 2014, 04:44:37 PM |
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"µBTC" is kind of unfriendly, as your common person just has no idea what that is.
Most computer/internet users have idea what mili and micro means. At least I hope ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Most that ever went to school does. At least i hope so.
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LiteCoinGuy
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In Satoshi I Trust
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October 06, 2014, 05:06:26 PM |
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i like it. 1mio bits = 1 btc
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ikydesu
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October 06, 2014, 05:12:43 PM |
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actually bits is little confusing, i think satoshi, µBTC, mbtc still fine and clearly.
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malaimult
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October 06, 2014, 10:04:29 PM |
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i personally prefer to just say 100 sats than 1 bit. it can be confusing
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