Bitcents? - page 2. | Bitcointalksearch.org

lulzplzkthx

sr. member

Activity: 322

Merit: 251

Quote from: deadlizard on May 05, 2011, 02:44:26 PM

Quote from: rebuilder on May 05, 2011, 01:25:10 PM

Someone tries to manipulate me by playing number games like that, I'm likely to distrust them.

if you're talking about the Verizon incident it was just basic math. They probably thought he was gaming them. or they understood the mistake and didn't want accept liability. just my 0.02 cents Tongue

I think he meant 100 bitcents vs. 1 bitcoin.

Here's my question: Should Bitcoin be capitalized when you are referring to the unit? "I have 10 bitcoins." "I have 10 Bitcoins." Following English rules, I'm thinking no, but I see it both ways. Frequently.

deadlizard

member

Activity: 112

Merit: 11

Quote from: rebuilder on May 05, 2011, 01:25:10 PM

Someone tries to manipulate me by playing number games like that, I'm likely to distrust them.

if you're talking about the Verizon incident it was just basic math. They probably thought he was gaming them. or they understood the mistake and didn't want accept liability. just my 0.02 cents Tongue

rebuilder

legendary

Activity: 1615

Merit: 1000

Someone tries to manipulate me by playing number games like that, I'm likely to distrust them.

mcdett

full member

Activity: 157

Merit: 101

One share of BRK:A == $121,709

tardo

newbie

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Quote from: ffe on May 05, 2011, 11:33:10 AM

Quote from: ribuck on May 05, 2011, 11:10:36 AM

Quote from: tardo on May 05, 2011, 11:04:45 AM

It's all about psychology, 100 Bitcents sounds more even though it's exactly the same amount as 1 Bitcoin, so unconsciously you think that you make a better deal even though you're not.

By that line of reasoning, why say 100 Bitcents when you can say 100000000 Satoshis instead?

Makes it seem cheap.

Exactly, too many zeros makes them seem to be worthless.

ffe

sr. member

Activity: 308

Merit: 250

Quote from: ribuck on May 05, 2011, 11:10:36 AM

Quote from: tardo on May 05, 2011, 11:04:45 AM

It's all about psychology, 100 Bitcents sounds more even though it's exactly the same amount as 1 Bitcoin, so unconsciously you think that you make a better deal even though you're not.

By that line of reasoning, why say 100 Bitcents when you can say 100000000 Satoshis instead?

Makes it seem cheap.

Ian Maxwell

full member

Activity: 140

Merit: 101

Speaking for myself, I've been saying "point zero five bitcoins" for 0.05 btc. It's the only thing everyone understands, and it will make the transition to saying "point zero zero five" require less explanation. Most people in the West are terribly confused by sub-cent amounts of money and will screw up the terminology (see the Verizon incident if you don't believe me), so avoiding it altogether is probably safest.

It would be nice if the decimal place were a few more units to the right so that we don't have to eventually be saying "point zero zero zero one nine" all the time, but honestly no one knows how much a bitcoin will eventually be worth, so it's hard to say exactly where it should have been. (My preference is that there should have been no decimal point at all so that I could be a billionaire the first time I generate a block, but I'm kind of a geek and my preference shouldn't be taken as an actual good idea.)

ribuck

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Activity: 826

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Quote from: tardo on May 05, 2011, 11:04:45 AM

It's all about psychology, 100 Bitcents sounds more even though it's exactly the same amount as 1 Bitcoin, so unconsciously you think that you make a better deal even though you're not.

By that line of reasoning, why say 100 Bitcents when you can say 100000000 Satoshis instead?

tardo

newbie

Activity: 6

Merit: 0

Quote from: ribuck on May 05, 2011, 10:15:08 AM

Quote from: tardo on May 05, 2011, 09:41:51 AM

People are more interested buying 100 Bitcents or 1000 Bitmills for $3 than 1 Bitcoin for $ 3, right?

I don't think so. Google stock sells just fine for hundreds of dollars. You could try an experiment over at #bitcoin-otc if you like.

It's all about psychology, 100 Bitcents sounds more even though it's exactly the same amount as 1 Bitcoin, so unconsciously you think that you make a better deal even though you're not.

deadlizard

member

Activity: 112

Merit: 11

Quote from: ribuck on May 05, 2011, 09:52:32 AM

1.02 - One bitcoin and two bitcents
0.001 - One millibitcoin (nickname "one Millie")
0.000001 - One microbitcoin (nickname "one Mike")
0.00000001 - The bitcoin base unit (nickname "one Satoshi")

Quote

Is Bitcent the official term for a hundrendth of a Bitcoin?

Nothing is official.

4.00 - 1 nybble
8.00 - 1 Byte coin
Cheesy

ribuck

donator

Activity: 826

Merit: 1060

Quote from: tardo on May 05, 2011, 09:41:51 AM

People are more interested buying 100 Bitcents or 1000 Bitmills for $3 than 1 Bitcoin for $ 3, right?

I don't think so. Google stock sells just fine for hundreds of dollars. You could try an experiment over at #bitcoin-otc if you like.

ribuck

donator

Activity: 826

Merit: 1060

1.02 - One bitcoin and two bitcents
0.001 - One millibitcoin (nickname "one Millie")
0.000001 - One microbitcoin (nickname "one Mike")
0.00000001 - The bitcoin base unit (nickname "one Satoshi")

Quote

Is Bitcent the official term for a hundrendth of a Bitcoin?

Nothing is official.

tardo

newbie

Activity: 6

Merit: 0

Is Bitcent the official term for a hundrendth of a Bitcoin? Soon the value of Bitcoins will be so high that it would be more practical to use Bitcents or even Bitmills (or Bitmilles). I think that the Bitcoin value will rise faster also. People are more interested buying 100 Bitcents or 1000 Bitmills for $3 than 1 Bitcoin for $ 3, right?

Topic: Bitcents? - page 2. (Read 9459 times)