KingOfTrolls (OP)
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October 27, 2014, 12:04:07 PM |
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Maybe US is a place where people have not heard about SI prefixes for fractions. However where I come from the 'm' is in very common usage among ordinary people for small length measurements as in millimetres and small weight measurements as milligrams for example when buying medicine. I happen to look at a package of 600mg ibuprofen pills on my table.
This issue is not about SI or not SI. It's about using fractions or multiples. People just don't want to own small fractions of something, they subconsciously hate it. It's very frustrating to deal with "one millionth of something", it's much more comforting to use "thousands of something". Therefore "ksat" is much better than "µBTC". The most unfortunate thing for 'µ' is that it cannot be easily be written with an ordinary keyboard and 'µ' is one that is not that well known.
That's another reason to prefer "ksat" over "µBTC". 
So the underlying question is "what unit should we switch to now", correct?
I'm a Bit hater for a few reasons...
[...]
If we drop "Coin" for less syllables, "centibit" or "millibit" are much better candidates.
"I just bought 100 millibits for 40 bucks!" ... "I just bought 100,000 bits for 40 bucks!" is a little excessive.
" hundred milli bits" Five syllables. " hundred thousand bits" Five syllables. " ten million sats" Four syllables.  |
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No Gods or Kings. Only Bitcoin
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KingOfTrolls (OP)
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Activity: 69
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October 27, 2014, 04:18:10 PM |
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Voted. I prefer BTC and Satoshi.
I can't vote, but I agree BTC and Satoshi. Keep it simple. I would not want to use these 3 equally: µBTC / uBTC, bit, mBTC (was there even an option for people to vote all of those at the same time?) Yes, voting against multiple units is possible. |
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ladybitcoin
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October 28, 2014, 11:36:12 AM |
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Voted. I prefer BTC and Satoshi.
I can't vote, but I agree BTC and Satoshi. Keep it simple. I would not want to use these 3 equally: µBTC / uBTC, bit, mBTC (was there even an option for people to vote all of those at the same time?) Yes, voting against multiple units is possible. I also agree just keep satoshi and BTC we need not more units these both enough for all |
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bornil267645
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October 28, 2014, 11:45:05 AM |
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I really hate satoshi, it makes absolutely no sense at all. btc is okay but what's with satoshi !!!
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Q7
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October 28, 2014, 01:19:28 PM |
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The more we talk on this topic, the more confusion there is. As long as the unit is understood by both parties, so what issue there is?
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MakingMoneyHoney
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October 28, 2014, 01:32:13 PM |
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So the underlying question is "what unit should we switch to now", correct?
I'm a Bit hater for a few reasons...
[...]
If we drop "Coin" for less syllables, "centibit" or "millibit" are much better candidates.
"I just bought 100 millibits for 40 bucks!" ... "I just bought 100,000 bits for 40 bucks!" is a little excessive.
" hundred milli bits" Five syllables. " hundred thousand bits" Five syllables. " ten million sats" Four syllables. Even better yet: I bought 10 mil sats - 3 syllables Like it's been said, people don't like fractions, and are impressed with large numbers, this incorporates both. |
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novacn
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October 28, 2014, 01:38:15 PM |
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In my country, mBTC is used very frequently. I think this will be the de factor unit of BTC for a long time.
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Victoo
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October 28, 2014, 02:18:33 PM |
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I wouldn't use µBTC / uBTC , bit. There is no need to use these units as these can be replaced by satoshi.
BTC, mBTC and satoshi are good and easy to use. Any amount less than mBTC should be called satoshi.
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KingOfTrolls (OP)
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October 28, 2014, 02:21:41 PM |
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I really hate satoshi, it makes absolutely no sense at all. btc is okay but what's with satoshi !!!
Satoshi is the reason why Bitcoin exists. The more we talk on this topic, the more confusion there is. As long as the unit is understood by both parties, so what issue there is?
I'm trying to list reasons why people dislike specific units: Some people feel some kind of frustration because they have to pay hundreds of fiat money and get only zero-point-something in their bitcoin wallet. This is an issue for them. Other people are afraid that a unit they use (bitcoin) could be confused with a very very similiar sounding unit that was introduced to solve that issue (bit). This is an issue, too. Can we find a solution that makes both groups happy? I think so. |
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BitCoinNutJob
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Merit: 1000
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October 28, 2014, 02:27:29 PM |
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One thing i was thinking if we all changed to using "bits" instead of bitcoin etc.. well part of the reason the price bubbles have so much hype and bring in new investment and community members is because of price.
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101111
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October 28, 2014, 02:40:34 PM |
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We want to get bitcoin out of the lab, so to speak. It needs to be much easier to use, and the question you should be asking, is not what do you want, but what makes better sense for the (hopefully) billions of future adopters, many of whom may be far less numerate than the average bitcoiner, and much more comfortable with a conventional 1,000.00 currency format.
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JLynn171
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October 28, 2014, 02:46:19 PM |
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mbtc, <--- good for middle of ground sends
satashi <==== good for the broke folks
BTC <--- good for the rich folks...
all the others can easily be converted to these and much easier imo
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llanillo
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October 28, 2014, 02:51:17 PM |
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uBTC? bit is easier...
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mullerdan
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October 29, 2014, 02:25:53 PM |
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satoshis
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Litervex
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October 29, 2014, 04:05:48 PM |
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I vote for BTC BTC  |
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FortuneBlesser
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October 29, 2014, 04:21:58 PM |
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vote for uBTC  |
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david wilson
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October 29, 2014, 04:31:36 PM |
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satoshi is not good.
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phillipsjk
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Let the chips fall where they may.
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October 29, 2014, 07:13:38 PM |
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I was surprised by the µBTC hate (my keyboard has a µ symbol). I guess I learned something from this poll.
One term I hate more than 'bits' is "nanocoins", used to refer to the base-unit in BitcoinJS (apparently it pre-dated the wide acceptance of the satoshi term).
1 satoshi= 10 nBTC!
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James' OpenPGP public key fingerprint: EB14 9E5B F80C 1F2D 3EBE 0A2F B3DE 81FF 7B9D 5160 |
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KingOfTrolls (OP)
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October 30, 2014, 12:40:54 AM |
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We want to get bitcoin out of the lab, so to speak. It needs to be much easier to use, and the question you should be asking, is not what do you want, but what makes better sense for the (hopefully) billions of future adopters, many of whom may be far less numerate than the average bitcoiner, and much more comfortable with a conventional 1,000.00 currency format.
Do you think 1,000.00 is easier to understand than 100,000 for the next billion adopters? |
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Cannotthinkofusername
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Hi.
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October 30, 2014, 02:02:13 AM |
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I was surprised by the µBTC hate (my keyboard has a µ symbol). I guess I learned something from this poll.
One term I hate more than 'bits' is "nanocoins", used to refer to the base-unit in BitcoinJS (apparently it pre-dated the wide acceptance of the satoshi term).
1 satoshi= 10 nBTC!
There's nBTC Too? I learned something new today  |
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