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Topic: .001 vs .0001 as new standard unit - page 2. (Read 2964 times)

legendary
Activity: 2062
Merit: 1035
Fill Your Barrel with Bitcoins!
November 18, 2013, 01:30:22 PM
#17
yeah uBTC and mBTC always get me confused... I like .00000001 BTC better
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
November 18, 2013, 01:23:32 PM
#16
mBTC is good enough why change Huh

Because it's going to not be good enough so quickly. Once bitcoin gets to $10,000 even a mBTC is going to feel a bit expensive.
newbie
Activity: 52
Merit: 0
November 18, 2013, 12:52:41 PM
#15
I think that we should use satochis !!!
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
November 18, 2013, 09:47:38 AM
#14
mBTC is good enough why change Huh

Because we have to change again when mBTC isn't enough also
member
Activity: 113
Merit: 10
November 18, 2013, 09:22:15 AM
#13
mBTC is good enough why change Huh
legendary
Activity: 1974
Merit: 1030
November 18, 2013, 07:31:57 AM
#12
I'm all for 0.0001 but agree that I'm in a minority group and soon everybody will be using mBTC.
hero member
Activity: 826
Merit: 500
Crypto Somnium
November 18, 2013, 07:25:52 AM
#11
1 mBTC is small enough I think.

Only recently 1BTC was small enough. It's hard to move decimal places for people, we should try and do it as infrequent as possible. Better to go an order of magnitude smaller and save us from needing to do it again in a few years.

+1 i think that is better logic im with you rabbit  Cheesy
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
November 18, 2013, 07:10:43 AM
#10
1 mBTC is small enough I think.

Only recently 1BTC was small enough. It's hard to move decimal places for people, we should try and do it as infrequent as possible. Better to go an order of magnitude smaller and save us from needing to do it again in a few years.
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
November 18, 2013, 06:42:10 AM
#9
My prediction is that uBTC is just good enough. Just remember that there are only 12mil coins for 7 billion people. mBTC would be ok for now yes, but at the end we have to go to uBTC, so you better use uBTC now, so people can get used to it.
sdp
sr. member
Activity: 470
Merit: 281
November 18, 2013, 06:34:04 AM
#8
If you believe we should stick to BTC, vote other.
hero member
Activity: 896
Merit: 532
Former curator of The Bitcoin Museum
November 18, 2013, 06:22:08 AM
#7
The mu confuses people.
sdp
sr. member
Activity: 470
Merit: 281
November 18, 2013, 06:10:07 AM
#6
It's not too high.  If someone invests $100 a month, then that's 0.16 BTC right now.  So, what?  That's not too small.  The software libraries that we use have not written to put thousands separators on the right side of the decimal place:

The following Python code (after the needed import statement prints  "3.14159"
In QT:
locale = QLocale ("US")
print locale.toString(3.14159)

However 1000000 is printed as:
1,000,000

By default in both python, C, C++ commas are not put into the numbers.
newbie
Activity: 20
Merit: 0
November 18, 2013, 05:20:04 AM
#5
mBTC soon to reach dollar parity. Makes for quick and easy price understanding.
legendary
Activity: 1526
Merit: 1002
Bulletproof VPS/VPN/Email @ BadAss.Sx
November 18, 2013, 05:03:24 AM
#4
No, to get more investors we NEED to go to uBTC. The price is too high now for new investors. Normal people are scared now when they see the prices and don't understand that you also can buy 0.01BTC.
member
Activity: 110
Merit: 10
November 18, 2013, 05:00:15 AM
#3
there have been quite a few topics on this, but i think to prevent confusion we just stick to BTC until we can go to Satoshi's
sr. member
Activity: 354
Merit: 250
November 18, 2013, 03:23:42 AM
#2
There's been a plethora of discussions on this. Consensus gravitated towards the following units:

.001              mBTC
.000001        µBTC or uBTC
.00000001    satoshi

I wish they'd alter the client as was done for the onecoin alt where you can set whatever scale of units you want to look at. Gaze in wonder at your millions of satoshis.
full member
Activity: 173
Merit: 100
November 18, 2013, 02:44:24 AM
#1
I'm wondering what the consensus is on this issue.  I'm not talking about a name for the unit, but rather which denomination is more ideal to use.

It seems like the main issue with this debate is whether or not the value of Bitcoin will 'outgrow' the .001 unit, just as we have 'outgrown' 1BTC.

What are your thoughts?

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