Who uses "bits"?

[pereira4]

i personally prefer to just say 100 sats than 1 bit. it can be confusing

Same. I have become so used to seeing a bunch of 0's. 0.00005222 and whatnot. I just say 5222 sat, whatever. I only speak in terms of BTC or sat if its less than BTC. Im too dumb to think in terms of uBTC and whatnot.

[1715445734]

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[Dabs]

Everyone who uses bitcoin to date, are the geeks. That's just the way the world works. The early adopters are the ones who understand. It's the "normal" human beings who can't read 8 decimal places that have difficulty with this.

I think we all started as "normal" and through use, eventually became accustomed to 8 decimal places. Particularly if you have experienced playing with dice. (as in, those game sites that accept and bet fractions of a bitcoin.)

I don't know what the convention will be in the future, when we reach mass adoption. It will be easy for us to adjust, but for me, and many others, as well as the core developers, it started with 8 decimal places, and that's what we will be using for some time.

[teukon]

And that is what using "bits" is all about

Nothing in your post explains why "bits" is a better name than microbitcoins, microbits, micros, mikes, micks, you-bee-tee-see, you-bits, mu-bits, mu-bee-tee-see, or mu's.

Because it's easier to say

I'd debate that.  I don't see that "bits" is objectively easier to say than "mikes".  In fact, I've noticed that people of various different cultural backgrounds, with different natural languages, have a bit of a problem with "b" and "v" when it comes to English.

I'm not saying that "bits" is bad because it's hard to say, far from it.  I simply reject your claim that it's easier to say than "mikes" and that's why "mikes" should be rejected from consideration.

I think many are missing the point about 'bits'. Its not so much about the name 'bits' but rather about how the amount is expressed in order to make it more readable but also to make it more familiar in that there is only two decimal places just as with most currencies in use today.

The name "mikes" existed long before "bits" was ever coined, and for precisely the same reasons.  The only new thing the Reddit "it's bits" post gave to the community was a new name for an old idea.  This in itself is not such a bad thing, but the newly proposed name created an ambiguity, one the poster was well aware of (they reference milli-bits and micro-bits in the post).  The whole "bits" movement has only ever been about the name.

If the "bits" crowd really cared about readability, familiarity, and accessibility for new users, the last thing they should have done was intentionally start a name flamewar for the unit.  Fortunately, the same attack against "satoshi" never picked up steam.

[fathur01]

Everyone who uses bitcoin to date, are the geeks. That's just the way the world works. The early adopters are the ones who understand. It's the "normal" human beings who can't read 8 decimal places that have difficulty with this.

I think we all started as "normal" and through use, eventually became accustomed to 8 decimal places. Particularly if you have experienced playing with dice. (as in, those game sites that accept and bet fractions of a bitcoin.)

I don't know what the convention will be in the future, when we reach mass adoption. It will be easy for us to adjust, but for me, and many others, as well as the core developers, it started with 8 decimal places, and that's what we will be using for some time.

Im no geek and I understand most of the way bitcoin works haha.

[yayayo]

We already have Satoshi... so who needs "bits"? It only adds confusion, because everybody has to figure out how many Satoshies (the smallest unit) constitute one bit.

You can use Bitcents for the bigger fractions of a Bitcoin. For the smaller fractions you can use Satoshies - if there are a lot of them just add a "K" for thousands... e.g. 10 K Sat.. Everybody understands that, because the reference point is the smallest unit and it is convenient to write as well.

We don't need to define new units, because two units have already evolved naturally: Bitcoin and Satoshi.

ya.ya.yo!

[comerciante]

I believe the game "Money Pot" uses bits. https://www.moneypot.com/

[Berau]

Use Btc or satoshi, no mBtc and no bits.

[voisine]

I would be willing to bet that every single person here who objects to 'bits' on the grounds of ambiguity is someone who knows at least one programming language. Remember *you* are not the audience this term is intended to cater to, it's for "normal" humans who are totally comfortable with resolving ambiguity from context. For them, being easy to remember and associate is far more important than being unambiguous.

Why do you all support "bits", being good only for "normal people" when you could support something like "mikes" which is good for both "normal people" and the technically minded.  Why outright try to alienate a good chunk of the existing Bitcoin community for no gain whatsoever.

"easy to remember and associate" or "unambiguous" is a false dichotomy.  Why choose between them when we can have both for free?

Mikes have no intuitive association with bitcoin, and it's almost as ambiguous since its already a first name. (Ambiguity is obviously not a problem for either)

Also just using satoshis isn't an option. It needs to have two decimals like nearly every other currency on the planet. For those worried a bit isn't worth enough, give it a second! 20months ago a bitcoin was $13

[R2D221]

Also just using satoshis isn't an option. It needs to have two decimals like nearly every other currency on the planet.

Why? Is there an ISO standard that states that all currencies must be specified as having 2 and only 2 decimal places?

[rgenito]

Also just using satoshis isn't an option. It needs to have two decimals like nearly every other currency on the planet.

Why? Is there an ISO standard that states that all currencies must be specified as having 2 and only 2 decimal places?

Figured i'd just let ya know what the future holds

https://bitcointalk.org/index.php?topic=813167.msg9257385#msg9257385

[nsimmons]

Who needs S.I. units   

[R2D221]

You link to another thread I'm also active in. Nobody talked about ISO there. What's your point?

[voisine]

Also just using satoshis isn't an option. It needs to have two decimals like nearly every other currency on the planet.

Why? Is there an ISO standard that states that all currencies must be specified as having 2 and only 2 decimal places?

I'm assuming the goal here is to increase adoption. In that case 2 decimal places is what the majority of the world is comfortable with, not to mention all existing financial software.

[magic ice]

1 bit = 1 dollar in 2059? 

LOL.. That is what we are all wishing to happen.

[lilin321]

MyCelium HD Wallet for Android

You can select BTC, mBTC, uBTC and bits

now, the currency price about  is still low,' bits'  and uBTC don't need.

[rgenito]

Who needs S.I. units   

HAH!

[neurotypical]

1 bit = 1 dollar in 2059? 

LOL.. That is what we are all wishing to happen.

Who cares, we'll be old as fuck by then

[novacn]

1 bit = 1 dollar in 2059? 

LOL.. That is what we are all wishing to happen.

By then, planet earth already destroyed, and robots are running the galaxy government 

[rgenito]

i personally prefer to just say 100 sats than 1 bit. it can be confusing

Same. I have become so used to seeing a bunch of 0's. 0.00005222 and whatnot. I just say 5222 sat, whatever. I only speak in terms of BTC or sat if its less than BTC. Im too dumb to think in terms of uBTC and whatnot.

...and then one day you see "BTC: 0.0005321" and mistake it for "5321 Sats" when it is not.

...would've easily seen that correctly if it were as "Bits: 532.1"

[pitham1]

Milli-bitcoins and Micro-bitcoins are good enough units for me.