$1 = 10 BTM
BTM is an abbreviation for "bitmill" which just needs to die. You don't say "that bug is 5 metermills long", or do you?
Topic: $100 per BTC reached, lets start using mBTC as default unit. (Read 3698 times)
$1 = 10 BTM
BTM is an abbreviation for "bitmill" which just needs to die. You don't say "that bug is 5 metermills long", or do you?$1 = 10 BTM
BTM is an abbreviation for "bitmill" which just needs to die. You don't say "that bug is 5 metermills long", or do you?If it was a virtual bug i might.
When i use it i say "BTM" not "bitmill". I think it's a clearer distinction from BTC than mBTC. I think "i'll give you 20 b-t-m" is clearer than "I'll give you 20 millibitcoins" or "20 m-b-t-c".
People are not used to thinking in fractions, we need distinct units like dollars and cents, not fractional units like dollars and microdollars. uBTC and mBTC is particularly easy to mix up.
I do like "millies" and "mikes" as shorthand names for millibitcoins and microbitcoins. They sound personable.
I did as you guys asked.
http://www.ounce.me
mBTC now listed . I'm averaging about 20,000 visitors a day now... I believe this helps.
http://www.ounce.me
mBTC now listed . I'm averaging about 20,000 visitors a day now... I believe this helps.
$1 = 10 BTM
BTM is an abbreviation for "bitmill" which just needs to die. You don't say "that bug is 5 metermills long", or do you?If it was a virtual bug i might.
When i use it i say "BTM" not "bitmill". I think it's a clearer distinction from BTC than mBTC. I think "i'll give you 20 b-t-m" is clearer than "I'll give you 20 millibitcoins" or "20 m-b-t-c".
People are not used to thinking in fractions, we need distinct units like dollars and cents, not fractional units like dollars and microdollars. uBTC and mBTC is particularly easy to mix up.
I call them millicoins. I know, it's kinda nonsense, but rolls of tongue really nice.
$1 = 10 BTM
BTM is an abbreviation for "bitmill" which just needs to die. You don't say "that bug is 5 metermills long", or do you?If it was a virtual bug i might.
When i use it i say "BTM" not "bitmill". I think it's a clearer distinction from BTC than mBTC. I think "i'll give you 20 b-t-m" is clearer than "I'll give you 20 millibitcoins" or "20 m-b-t-c".
People are not used to thinking in fractions, we need distinct units like dollars and cents, not fractional units like dollars and microdollars. uBTC and mBTC is particularly easy to mix up.
MtGOX using $0.10/mBTC as a standard will not make newcomers as optomistic as seeing price increases than seeing for example, how it went from <30 to >100 in such a short time. Looking at the history and seeing $0.03 to $0.10 just wouldn't have the same value. That's my opinion on it and is debatable.
People seeing mBTC going from $0.10 to $0.30 will not think it's overpriced. Seeing a BTC go from $30 to $100 will make them think that it's reached its peak and it's too late to invest in it.
MtGOX using $0.10/mBTC as a standard will not make newcomers as optomistic as seeing price increases than seeing for example, how it went from <30 to >100 in such a short time. Looking at the history and seeing $0.03 to $0.10 just wouldn't have the same value. That's my opinion on it and is debatable.
I agree. Look at the price of Gold. It rose from $200 to $1600 in 10 years...and when you see the charts their is an awe factor.
We should let people communicate about Bitcoin and price goods in Bitcoin however they see fit, and when the majority begin talking in mBTC, it will become the norm.
Indeed. My guess is we'll see it around $1000.
We should let people communicate about Bitcoin and price goods in Bitcoin however they see fit, and when the majority begin talking in mBTC, it will become the norm.
MtGOX using $0.10/mBTC as a standard will not make newcomers as optomistic as seeing price increases than seeing for example, how it went from <30 to >100 in such a short time. Looking at the history and seeing $0.03 to $0.10 just wouldn't have the same value. That's my opinion on it and is debatable.
No, Wait untill it is $1,000, then it will be Much more normal to the mind.
I agree, let's wait another 6 months.
I don't care much either way - but then again - I'm not like the 'ordinary customer', I never cared much about prices like 99.99 in stores, I always thought that was rather silly. I learned however that many people look at 99.99 as 90 something, rather than 100. I always found this really silly..
yes, this will need to happen soon eventually....
it will in essence feel like a "stock split"
so the "high price" will not make people feel awkward/hesitant
i wonder how much is "institutional" owned..hmm
it will in essence feel like a "stock split"
so the "high price" will not make people feel awkward/hesitant
i wonder how much is "institutional" owned..hmm
I'll be switching my client to mBTC default when it "feels right".
Agreed. For me, that will likely be at the $1000 mark.
I'll be switching my client to mBTC default when it "feels right".
Agreed. For me, that will likely be at the $1000 mark.
I was wondering today if Casascius will start doing more fractional coins..
I will be using mBTC for all units on my website.
They have stock splits for a reason.
They have stock splits for a reason.
Let's be bullish and move straight to satoshi as the unit. 
No, Wait untill it is $1,000, then it will be Much more normal to the mind.
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