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Topic: how long till 1mBTC = 1USD? - page 3. (Read 10145 times)

hero member
Activity: 898
Merit: 1000
April 28, 2013, 10:08:23 AM
#8
Its the SI standard prefix for 1/1000. Think mm (millimeters, 0.001m) or ml (millilitres, 0.001L)
member
Activity: 70
Merit: 10
April 28, 2013, 10:07:23 AM
#7
Clearly this terminology won't work.
People who use the metric system don't have any problems. 1 millimeter = .001 meters.
legendary
Activity: 2097
Merit: 1070
April 28, 2013, 09:59:44 AM
#6
Clearly this terminology won't work.
member
Activity: 70
Merit: 10
April 28, 2013, 09:57:58 AM
#5
Agreed, is it 1 Million or 1 Millionth of a BTC?

My guess? it is 1 millionth, i.e. 0.0000001
It's 1 thousandth of a bitcoin or .001 bitcoins.
how long till 1mBTC = 1USD?

also what will you think of fees then?
I'd say it could be this year if those paypal/western union rumors pan out.
hero member
Activity: 841
Merit: 1000
April 28, 2013, 09:55:48 AM
#4
0.001 BTC
sr. member
Activity: 392
Merit: 250
♫ A wave came crashing like a fist to the jaw ♫
April 28, 2013, 09:55:30 AM
#3
Agreed, is it 1 Million or 1 Millionth of a BTC?

My guess? it is 1 millionth, i.e. 0.0000001
legendary
Activity: 2097
Merit: 1070
April 28, 2013, 09:53:41 AM
#2
how long till 1mBTC = 1USD?

also what will you think of fees then?

WTF is a mBTC ?

Terms like this lead to endless confusion.
legendary
Activity: 2632
Merit: 1023
April 28, 2013, 09:43:21 AM
#1
how long till 1mBTC = 1USD?

also what will you think of fees then?

edit SI units
m = milli, = 1/1000  = 10^-3           = 0.001
u = mirco=  1/1000000 = 10^-6       =0.0000001
n = nano =  1/1000000000 = 10^-9 = 0.0000000001


edit 2
mili = 1/1000 => 0.001
1l = 1000 ml -> 1 ml = 0.001 l
1m = 1000 mm -> 1 mm =  0.001 m
1 BTC = 1000 mBTC -> 1 mBTC = 0.001 BTC


its very very common, and internationally recognised SI unit. You know, milli meter, microscope, nanotech/ nano meter.
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