How much is that again? - page 2. | Bitcointalksearch.org

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: CoinRocka on March 01, 2014, 01:50:43 PM

How does the average Joe comprehend this value? I mean most people struggle with two decimal transactions.

It's easy. Ignore all the milli-whatever the hell people. Everything will be priced in Satoshi. Your hamburger costs 20 satoshi. It's much more logical to count upwards than downwards for cost of goods. If you want to buy a car, 100,000 Satoshi.

The nomenclature might eventually change, but this will be how it works.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: h3rlihy on March 01, 2014, 02:03:05 PM

If bitcoin booms it's never going to completely replace dollars. I can see it being more like;

"That'll be $3"
"Cool, bitcoin ok?"
"Sure"
*puts $3 into bitpay or some form of payment processor that converts it to bitcoin at whatever the going rate is*
"That'll be 0.006btc then"

"oh wait, bitcoin just plummeted, that's .01 btc. thanks.

"

grifferz

full member

Activity: 154

Merit: 100

This thread is like "herp derp imagine this world wide intarweb catches on but people want to buy something securely, how can average man with a typewriter understand how to factor large primes and shit. ECOMMERCE IS AND SHOULD BE DOOMED"

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: LostDutchman on March 01, 2014, 01:57:51 PM

Quote from: Gabi on March 01, 2014, 01:56:04 PM

Time to use your brain guys, you can just use millibitcoins or microbitcoins. The bitcoin-qt client already let you choose that.

That would like be 74.52 microbitcoin

Now let us assume that you just gave that information to John or Jane Doe who understand dollars.

They still don't know how much MONEY they are going to spend.

My $.02.

Wink

now lets assume that there are people in the world that never travel abroad,, so they have no clue how to convert euro's to dollars...
now lets assume that there are regular travellers that can convert euros in their head in milliseconds.
are you saying euro's are a failure because some people cant convert.

now then when bitcoins develop, most items would be priced in fiat and at the cashiers desk. those people that can convert bitcoin(because they use bitcoin regular) would ask to pay via bitcoin. those that fear new experiences would stick to fiat.

there will not be a time when only bitcoins exist, so suggesting those that are inexperienced would suffer is wrong.

my $0.02.

Meuh6879

legendary

Activity: 1512

Merit: 1012

And with BTC, you can't stole it ... but with gold Roll Eyes

Singlebyte

hero member

Activity: 854

Merit: 1000

Quote from: CoinRocka on March 01, 2014, 01:50:43 PM

Fast forward 10 years. Bitcoin has boomed. Nordstrom checkout lines are filled with QR and Google glassholes. "That will be .00007452 bitcoin please"

How does the average Joe comprehend this value? I mean most people struggle with two decimal transactions.

Fast forward 15 years.

Cashier: What is a dollar? What are cents? We only take bitcoins sir!

Bitcoin is no different then transacting in gold if gold had become the defacto standard currency. "That will be 2,030 grams sir." Any currency that is adopted will become common place. Hell....I don't know what a peso or yuan or a yen is worth. But I can convert it OR I can LEARN it.

cdog

hero member

Activity: 1036

Merit: 500

hundred
thousand
million
billion

people understand the decimal place pretty well from my experience, its just where you put it that might confuse them

superduh

hero member

Activity: 602

Merit: 500

Quote from: LostDutchman on March 01, 2014, 01:57:51 PM

Quote from: Gabi on March 01, 2014, 01:56:04 PM

Time to use your brain guys, you can just use millibitcoins or microbitcoins. The bitcoin-qt client already let you choose that.

That would like be 74.52 microbitcoin

Now let us assume that you just gave that information to John or Jane Doe who understand dollars.

They still don't know how much MONEY they are going to spend.

My $.02.

Wink

that will be one gram of gold
http://world.time.com/2014/02/28/al-qaeda-in-syria-extorts-christians/

mayne

newbie

Activity: 42

Merit: 0

they'll be an app for that Grin

Bluemustang

member

Activity: 147

Merit: 10

Don't we all walk around with phones with calculators in our pockets? ^^

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Then don't come in europe, here you will have to use euro or pounds, good luck discovering how much you are going to spend Cheesy

Nothing stop the shop from showing also the euro/dollar/pound price using the current price of bitcoin Wink

CoinRocka

sr. member

Activity: 249

Merit: 250

Quote from: LostDutchman on March 01, 2014, 01:57:51 PM

Quote from: Gabi on March 01, 2014, 01:56:04 PM

Time to use your brain guys, you can just use millibitcoins or microbitcoins. The bitcoin-qt client already let you choose that.

That would like be 74.52 microbitcoin

Now let us assume that you just gave that information to John or Jane Doe who understand dollars.

They still don't know how much MONEY they are going to spend.

My $.02.

Wink

Mere satoshis on the bitcoin Grin

h3rlihy

sr. member

Activity: 356

Merit: 250

If bitcoin booms it's never going to completely replace dollars. I can see it being more like;

"That'll be $3"
"Cool, bitcoin ok?"
"Sure"
*puts $3 into bitpay or some form of payment processor that converts it to bitcoin at whatever the going rate is*
"That'll be 0.006btc then"

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Gabi on March 01, 2014, 01:56:04 PM

Time to use your brain guys, you can just use millibitcoins or microbitcoins. The bitcoin-qt client already let you choose that.

That would like be 74.52 microbitcoin

Now let us assume that you just gave that information to John or Jane Doe who understand dollars.

They still don't know how much MONEY they are going to spend.

My $.02.

Wink

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Time to use your brain guys, you can just use millibitcoins or microbitcoins. The bitcoin-qt client already let you choose that.

That would like be 74.52 microbitcoin

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: CoinRocka on March 01, 2014, 01:50:43 PM

Fast forward 10 years. Bitcoin has boomed. Nordstrom checkout lines are filled with QR and Google glassholes. "That will be .00007452 bitcoin please"

How does the average Joe comprehend this value? I mean most people struggle with two decimal transactions.

You've stumbled on one of the many very good reasons that bitcoin will never and should never go mainstream.

My $.02.

Wink

CoinRocka

sr. member

Activity: 249

Merit: 250

Fast forward 10 years. Bitcoin has boomed. Nordstrom checkout lines are filled with QR and Google glassholes. "That will be .00007452 bitcoin please"

How does the average Joe comprehend this value? I mean most people struggle with two decimal transactions.

Topic: How much is that again? - page 2. (Read 2089 times)