Topic: Bitcoin named denominations (Read 2300 times)
But in essence that's what it is right? You have credit against the Bitcoin network. It's not like Bitcoins are actual coins or a token for a coin. It's just an entry in a ledger that says you can spend however many satoshis.
I've been wondering why it's named Bitcoin if every sci-fi movie I grew up on always called future money Credits.
Because we are conducting trade with the asset rather than debt, also known as credit.
If its a global currency we don't want to copy the Americans. It need to be something unique and globally accepted.
I've been wondering why it's named Bitcoin if every sci-fi movie I grew up on always called future money Credits.
I always use mBTC (0.001) and uBTC (0.000001). Btw i didn't know the Satoshi's denomination
thanks, I will use the millibit denomination from here on out.
Makes better cents ;-)
HAAAAA
thanks, I will use the millibit denomination from here on out.
Makes better cents ;-)
thanks, I will use the millibit denomination from here on out.
I believe that the way Bitcoin prices have been rising, millibits will be the only denomination that makes sense when talking about prices in Bitcoin for online goods and services.
I believe that the way Bitcoin prices have been rising, millibits will be the only denomination that makes sense when talking about prices in Bitcoin for online goods and services.
so for now, I guess I will refer to:
.05 = 5 bitcents
.10 = 10 bitcents
.25 = 25 bitcents
when offering promotions
.05 = 5 bitcents
.10 = 10 bitcents
.25 = 25 bitcents
when offering promotions
millibits is more commonly used. Online gambling services like BitZino and others are all at the millibits denomination. Ogrr has been using millibits as its currency unit for trades there for quite some time. While bitcents isn't wrong, it probably isn't best. But hey, this is bitcoin Do what you want.
- http://en.bitcoin.it/wiki/MilliBit
so for now, I guess I will refer to:
.05 = 5 bitcents
.10 = 10 bitcents
.25 = 25 bitcents
Makes cents ;-)
thank you both!
so for now, I guess I will refer to:
.05 = 5 bitcents
.10 = 10 bitcents
.25 = 25 bitcents
when offering promotions
so for now, I guess I will refer to:
.05 = 5 bitcents
.10 = 10 bitcents
.25 = 25 bitcents
when offering promotions
As far as I know, the common fractions are:
bitcent 0.01BTC
millibit 0.001BTC
microbit 0.000001BTC
satoshi 0.00000001BTC
bitcent 0.01BTC
millibit 0.001BTC
microbit 0.000001BTC
satoshi 0.00000001BTC
Are there multiple named denominations for Bitcoin?
1.00 = 1 Bitcoin
0.25 = 1Bit quarter??
0.10 = 1 Bit dime??
0.05 = 1 Bit nickle??
I think I have seen millibit referred to on the forum, but not sure to the amount it is associated.
1.00 = 1 Bitcoin
0.25 = 1Bit quarter??
0.10 = 1 Bit dime??
0.05 = 1 Bit nickle??
I think I have seen millibit referred to on the forum, but not sure to the amount it is associated.
A millibitcoin or mBTC would be 0.001 BTC, one thousandth of a Bitcoin.
A microbitcoin or uBTC would be 0.000001 BTC, one millionth of a Bitcoin.
A "Satoshi" is the smallest Bitcoin unit, it is 0.01 uBTC or one hundred-millionth of a Bitcoin.
Are there multiple named denominations for Bitcoin?
1.00 = 1 Bitcoin
0.25 = 1Bit quarter??
0.10 = 1 Bit dime??
0.05 = 1 Bit nickle??
I think I have seen millibit referred to on the forum, but not sure to the amount it is associated.
1.00 = 1 Bitcoin
0.25 = 1Bit quarter??
0.10 = 1 Bit dime??
0.05 = 1 Bit nickle??
I think I have seen millibit referred to on the forum, but not sure to the amount it is associated.
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