Topic: Better names needed (Read 590 times)
good idea!
Right, always to pay with 0,0000xx is something what the masses wont do. Another reason why altcoins will be important 
No need for 0,0000xx , use Satoshis instead and you will be fine. 100.000 Satohis = 0.001 BTC = 1 USD (now)
I prefer not to change anything in use today. Leave it as it as says. Initially, newbies get confused to these terms.
Exactly.
There is no need to introduce new units or names.
We already have BTC, mBTC, µBTC, and satoshi (sat).
Right, always to pay with 0,0000xx is something what the masses wont do. Another reason why altcoins will be important
I think it's will be about timing if mbtc will be accepted. when mbtc makes sense to the average bitcoiner mathematically speaking we will see it's use spread IMO.
I prefer not to change anything in use today. Leave it as it as says. Initially, newbies get confused to these terms.
Exactly, the current terms took me 10-15 times of googling to figure how many decimals in mBTC, uBTC and Satoshi. I too agree with this, whenever I see 10,000 satoshis to payout in faucet sites, I am quite eager to know how many cents I earned. But after 2 to 3 math calculations, I found I've earned a meagre amount.
I prefer not to change anything in use today. Leave it as it as says. Initially, newbies get confused to these terms.
Exactly, the current terms took me 10-15 times of googling to figure how many decimals in mBTC, uBTC and Satoshi.
I prefer not to change anything in use today. Leave it as it as says. Initially, newbies get confused to these terms.
mBtc is a good unit to use. 1 mB is now about 1 USD, making it perfect to use.
I always refer to them as $atoshis.
I'm a $atoshi Billionaire, it sounds so much grander than, I've got 10 bitcoins!
Telling the ladies you're a $Billionaire will make you so much more popular!
Hahaha...
I'm a $atoshi Billionaire, it sounds so much grander than, I've got 10 bitcoins!
Telling the ladies you're a $Billionaire will make you so much more popular!
Hahaha...
Now that BTC has topped $1000 there is a movement to start talking in mBTC to overcome the psychological barrier of only being able to purchase a small part of something. I think a much simpler solution that will never require additional changes is to simply start referring to uBTCs as "bits." Each BITcoin is made up of 1,000,000 bits. An additional benefit is that each bit then consists of 100 Satoshi's. It couldn't be much simpler and more accessible to the average person.
1 BTC = 1,000,000 Bits = 100,000,000 Satoshi's
I'd would much rather deal with bits than any kind of BTC prefix when it comes to a currency and I think the general populace would as well.
More compelling argument here: http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/
1 BTC = 1,000,000 Bits = 100,000,000 Satoshi's
I'd would much rather deal with bits than any kind of BTC prefix when it comes to a currency and I think the general populace would as well.
More compelling argument here: http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/
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