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Question: Consider you are running a commercial website that needs to quote small amounts of bitcoin, how would you call 100 satoshis?
100 satoshis - 49 (44.1%)
0.000001 BTC - 4 (3.6%)
0.001 mBTC - 2 (1.8%)
1 µBTC - 16 (14.4%)
1 bit - 33 (29.7%)
Something else (Please state your ideas in this thread!!) - 7 (6.3%)
Total Voters: 111

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Author Topic: When quoting small amounts of bitcoin, how do you call 100 satoshis?  (Read 8356 times)
KingOfTrolls (OP)
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October 06, 2014, 03:12:26 PM
 #1

It's a honest question: I plan to add a bitcoin faucet to my website to attract more traffic.

I'm brainstorming about it right now and I wonder how to display to the users what amount of bitcoin they'll receive.
The average payout will be smaller than 0.01$ in bitcoins.

I'm interested to hear your thoughts! Smiley
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Vandroid
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October 06, 2014, 03:40:24 PM
 #2

I voting for 1 bit  Cool
Simple and Easy to remember and talk  Cool
PostByVandroid-2014
shawshankinmate37927
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October 06, 2014, 03:49:48 PM
 #3

One microbit.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
Miracal
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October 06, 2014, 03:56:40 PM
 #4

I voting for 1 bit  Cool
Simple and Easy to remember and talk  Cool
PostByVandroid-2014
Agree.
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October 06, 2014, 04:00:18 PM
 #5

One microbit.

lol, this is best answer there can be.
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October 06, 2014, 04:33:08 PM
 #6

One microbit.

Yes, this one makes more sense.

An economy based on endless growth is unsustainable.
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October 06, 2014, 04:40:35 PM
 #7

I always use the "satoshi" or "sat" terms as I find uBTC and mBTC misleading and confusing.

LMGTFY
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October 06, 2014, 04:44:33 PM
 #8

Your customers will have a far better idea than me or you. I'd suggest providing a mechanism for them to choose what they're comfortable with - just like eCommerce sites offering users a choice of currency - and use a sensible default (either BTC or - probably better for small amounts - Satoshi).

This space intentionally left blank.
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October 06, 2014, 04:48:19 PM
 #9

Never use  mBTC or µBTC , I prefer use satoshi, and when 100k satoshi and up I always use 0.001 BTC.

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October 06, 2014, 04:49:53 PM
 #10

Whatever unit you decide to adopt, I recommend appending the price in bitcoins in paretheses, perhaps in grey text or a smaller font.  If you find this too cluttered you might consider a tool-tip.

For example:
    35 µBTC  (0.000 035 BTC)
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October 06, 2014, 04:52:35 PM
 #11

"Point Oh Oh Oh Oh Oh One Oh Oh Bee Tee Cee"

llanillo
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October 06, 2014, 05:08:15 PM
 #12

Satoshi.. or maybe dust

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October 06, 2014, 05:10:30 PM
 #13


One Finney.
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October 06, 2014, 05:12:37 PM
 #14

calling 1bit is easy then other options

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October 06, 2014, 05:32:01 PM
 #15

vote for 100 satoshi, everyone already know satoshi Cheesy
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October 06, 2014, 05:44:30 PM
 #16

"Point Oh Oh Oh Oh Oh One Oh Oh Bee Tee Cee"

Is that a song?

An economy based on endless growth is unsustainable.
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October 06, 2014, 07:11:20 PM
 #17

"Point Oh Oh Oh Oh Oh One Oh Oh Bee Tee Cee"

Is that a song?

Nah it was just phonetics. Slow day at the office. Typical monday for me. I write a bunch of code between 6 am and 10 am while i'm on my coffee high and then i have fulfilled my daily quota so i just take the day off and surf.

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October 06, 2014, 08:06:14 PM
Last edit: October 11, 2014, 08:42:17 AM by dserrano5
 #18

I use:

1 BTC: one bitcoin
0.1 BTC: ten bitcents or zero point one bitcoins
0.01 BTC: one bitcent
0.001 BTC: one millibit
0.0001 BTC: ten thousand satoshis (edit: or one pip)
0.00001 BTC: one thousand satoshis
0.000001 BTC: one hundred satoshis, one microbit or one mike
0.0000001 BTC: ten satoshis
0.00000001 BTC: one satoshi (obviously)

So I voted for "100 satoshis".
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October 06, 2014, 09:11:26 PM
 #19

i think the well known term is 1 bit for 100 satoshi

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October 06, 2014, 09:28:01 PM
 #20

i think the well known term is 1 bit for 100 satoshi

Not many people agree with that.

An economy based on endless growth is unsustainable.
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