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Topic: cB or 1/100 BTC - Convenient Unit Right? (Read 1453 times)

full member
Activity: 168
Merit: 100
July 31, 2013, 10:16:08 PM
#16
Im for millibit. Centibit sounds too close to cent and will cause people to think it should be worth a cent. Saying millibit sounds like a unit of disk storage to someone that doesn't know better.
sr. member
Activity: 280
Merit: 250
cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

No we don't.
We use centimeter etc. all the bleeping time.

Where do these weird perceptions of Americans come from?

Centi-millionaire.
kjj
legendary
Activity: 1302
Merit: 1026
Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

No we don't.
We use centimeter etc. all the bleeping time.

Where do these weird perceptions of Americans come from?

The cyclopses (cyclopii?) in Krull traded an eye for the ability to see the future, but they were tricked.  They could only see their own death.

Metric system devotees traded the ability to divide lengths and measures by 3 for the ability to be annoying on the internet.  But they were tricked, we can multiply by 10 just as well as they can.
sr. member
Activity: 278
Merit: 251
Bitcents could be cool, but really they're too big; after all they're worth more than a dollar already.

By the time people are using BTC a lot, it'll be worth over $1000. So I think we'll probably skip on to mills and mikes. A few years later, tens of satoshis.
full member
Activity: 168
Merit: 100
cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

No we don't.
We use centimeter etc. all the bleeping time.

Where do these weird perceptions of Americans come from?
full member
Activity: 168
Merit: 100
I prefer to stick with powers of 10 divisible by three, as is convention in SI units.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
This conversation has gone on many times on the forum, please use the search function instead of starting new topics.

I prefer to use mB (millibitcoin, or pronounced millibits) for small amounts. For even smaller amounts you can use microbitcoins, abreviated µB or uB. For example, one USD is currently valued at about 10.88 mB.
full member
Activity: 196
Merit: 100
cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".

"Cent" means 100, and it can go either way. Plus, seeing as American coins are called "cents" I think that we can understand.
sr. member
Activity: 280
Merit: 250
cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Wouldn't work. Most Americans think the "centi-" prefix means 100x, as in "centi-millionaire".
sr. member
Activity: 252
Merit: 250
how many of these suggestion threads do we need ? next thing ppl will be suggesting to use tenthBTC 0.1

i thought it was agreed that mBTC (0.001) was the way forward ?
legendary
Activity: 3430
Merit: 3079
Why not just call it a Cent? and the next step down .000 a Milli, .0000 Ten Milli .000000 a Micro

I can imagine the misunderstandings that could ensue:

Merch. "That'll be a hundred and fifty seven millibits and twenty four cents, please"

Cust. "o_O??"
hero member
Activity: 727
Merit: 500
Minimum Effort/Maximum effect
Why not just call it a Cent? and the next step down .000 a Milli, .0000 Ten Milli .000000 a Micro
hero member
Activity: 756
Merit: 500
I prefer XBT etc that are more conventional, and I really do not see cB being convenient at all, given that Bitcoin is itself a Unit Coin
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
Bitcent: BTc  Wink
member
Activity: 114
Merit: 10
Your suggestion is good,

Bit cents is so close to dollars and cents, that it doesn't take much to figure out.

Prob the next step down would be 1/100th smaller.

Cent of bitcent?

Well done
newbie
Activity: 33
Merit: 0
cBTC or 1/100th of a BTC would be a convenient unit given the BTC/USD/EUR exchange rates.  I mean instead of saying 0.0327 BTC I could say 3.27 cBTC or 'centibits'.

Just putting that out there.
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