or maybe Ozawas?
Isn't she American?
I need to go do some more research...
So, you'll be in your bunk?
Topic: I predict we will soon be pricing everything in satoshis. - page 2. (Read 10353 times)
Isn't she American?
I need to go do some more research...
So, you'll be in your bunk?
or maybe Ozawas?
Isn't she American?
I need to go do some more research...
I don't like this idea of referring to a fraction of a bitcoin as it's own "coin". Satoshi FTW
can we at least use the name of a sexy anime female or japanese porn star? Who's that one with the giant freakin' knockers...Hitomi Tanaka. So, how about instead of "Satoshis" we use "Sakuras" or "Hitomis", or maybe Ozawas?
Satoshis FTW
A simple nomenclature will be more easily adopted by the general public, ie. bitcoins & satoshis. The rest is just fluff.
A simple nomenclature will be more easily adopted by the general public, ie. bitcoins & satoshis. The rest is just fluff.
+1
Although cents might be pretty useful too (it is money!), and one cent = one million satoshi.
I don't like this idea of referring to a fraction of a bitcoin as it's own "coin". Satoshi FTW
I prefer mBTC and µBTC
I will argue that it's hard for people to understand what these exactly mean. I can't even grasp it based on those names.
I also prefer mBTC and µBTC because this keeps the unit "BTC".
mBTC = milli Bitcoin (milli = the thousandth part of something)
µBTC = micro Bitcoin (micro = the millionth part of something)
and what about the smaller segments?
BTC/Bitcoin (BTC1.0)
dBTC/deciBitcoin (BTC0.1 or bit-dime)
cBTC/centiBitcoin (BTC0.01 or bit-cent)
mBTC/milliBitcoin (BTC0.001 or bit-mill)
µBTC/microBitcoin (BTC0.0001 or bit-mike)
nBTC/nanoBitcoin (BTC0.00001 or bit-nan)
pBTC/picoBitcoin (BTC0.000001 or bit-peek)
fBTC/femtoBitcoin (BTC0.0000001 or bit-fem)
aBTC/attoBitcoin (BTC0.00000001 or bit-att)
it's all there. The metric system. The nomenclature that keeps on giving.
So, uh, if anybody wants to tip me a bit-mill, feel free. :-)
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Satoshis FTW
A simple nomenclature will be more easily adopted by the general public, ie. bitcoins & satoshis. The rest is just fluff.
A simple nomenclature will be more easily adopted by the general public, ie. bitcoins & satoshis. The rest is just fluff.
I prefer mBTC and µBTC
I will argue that it's hard for people to understand what these exactly mean. I can't even grasp it based on those names.
You would better argue that its hard to you to understand. Where were far more exotic currency divisions in the past, well known the Pound in great britain was divided in 20 Shilling each 12 pence. And even 1/1000 division exist 1 Kuwaiti dinar = 1000 fulūs (singular fils).
http://en.wikipedia.org/wiki/Fils_%28currency%29
In software I see no problem with mBTC muBTC and nBTC as people will get used to it easily and won't confuse it twice.
Argh! i didn't search hard enough, how about this
http://en.wikipedia.org/wiki/Tunisian_dinar
Unless its a false etymolgy i guess mili[...] means 1/1000 just like cent means 1/100 ...
Besides this, i wonder if true nerds would rather prefer a 2 based division of the bitcoin so 1/1024 
http://en.wikipedia.org/wiki/Tunisian_dinar
Quote
The dinar (Arabic: دينار, ISO 4217 currency code: TND) is the currency of Tunisia. It is subdivided into 1000 milim or millimes (مليم).
Unless its a false etymolgy i guess mili[...] means 1/1000 just like cent means 1/100 ...
Besides this, i wonder if true nerds would rather prefer a 2 based division of the bitcoin so 1/1024
Bravo! You beat me!
Argh! i didn't search hard enough, how about this
http://en.wikipedia.org/wiki/Tunisian_dinar
Unless its a false etymolgy i guess mili[...] means 1/1000 just like cent means 1/100 ...
Besides this, i wonder if true nerds would rather prefer a 2 based division of the bitcoin so 1/1024
http://en.wikipedia.org/wiki/Tunisian_dinar
Quote
The dinar (Arabic: دينار, ISO 4217 currency code: TND) is the currency of Tunisia. It is subdivided into 1000 milim or millimes (مليم).
Unless its a false etymolgy i guess mili[...] means 1/1000 just like cent means 1/100 ...
Besides this, i wonder if true nerds would rather prefer a 2 based division of the bitcoin so 1/1024
I prefer mBTC and µBTC
I will argue that it's hard for people to understand what these exactly mean. I can't even grasp it based on those names.
You would better argue that its hard to you to understand. Where were far more exotic currency divisions in the past, well known the Pound in great britain was divided in 20 Shilling each 12 pence. And even 1/1000 division exist 1 Kuwaiti dinar = 1000 fulūs (singular fils).
http://en.wikipedia.org/wiki/Fils_%28currency%29
Exactly! 1 Kuwait dinar = 1000 fulus, not 1 Kuwait dinar = 1000 mdinar !
I prefer mBTC and µBTC
I will argue that it's hard for people to understand what these exactly mean. I can't even grasp it based on those names.
You would better argue that its hard to you to understand. Where were far more exotic currency divisions in the past, well known the Pound in great britain was divided in 20 Shilling each 12 pence. And even 1/1000 division exist 1 Kuwaiti dinar = 1000 fulūs (singular fils).
http://en.wikipedia.org/wiki/Fils_%28currency%29
So the problem is what to name the sub-unit once btc gets to $100? How'bout we worry about getting to $100 first? That's at least $1 billion market cap, we still have a ways to go 
Interesting thoughts anyway!
Interesting thoughts anyway!
Isn,t it something like what we have had in europe some 11 years ago when we were implementing the Euro, a lot of people were scared for that switch?? people adjust very quick to changes offcourse the geek will do faster then your grandfather but still.. ones known it will adapt..
And o yea were is the nano bitcoin??? nBTC...
And o yea were is the nano bitcoin??? nBTC...
I don't like it, it's not linear. There's hardly any difference in the value of 1 satoshi and 100 000 satoshies as of now, but there is a huge difference in value between 10^6 satoshies and 10^9 satoshies. All those zeroes will just confuse people.
History says otherwise.
So, in short, when we start commonly pricing things in .001-.01, thousands of satoshis will be the wording since we will get tired of adjusting to the exchange rate through vocabulary.
I think you are right, it's the most simple solution for people not used to technology, also because most people would mistake mBTC and uBTC.
I don't like it, it's not linear. There's hardly any difference in the value of 1 satoshi and 100 000 satoshies as of now, but there is a huge difference in value between 10^6 satoshies and 10^9 satoshies. All those zeroes will just confuse people.
I have no problem with, and expect millibit and mubit to become common jargon.
If you pay attention, people sometimes denominate small values in cents, nobody has a problem converting that to dollars.
Some do.But yeah, people will get used to mBTC.
at least we need to switch to something other than 0.001 btc or 1 mBTC as it is psychologically hard to exchange your hard earned fiat into anything that sounds so small
what about: 1 btc = 1000 bitbucks btb, bitstones bts, bitbits btb, bitdough btd
what about: 1 btc = 1000 bitbucks btb, bitstones bts, bitbits btb, bitdough btd
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