Topic: Is it time to switch to satoshis ??? (Read 5242 times)
cBTC for life!
Clearly mBTC should be the next common unit. Instead of changing the old notations it would be good to find a good name for these:
1/1000 Bitcoin = 1 mBTC = ?
1/1000 mBTC = 1 µBTC = ?
1/100 µBTC = 1 Satoshi
Maybe its also enough to talk about mBTC or µBTC.
1/1000 Bitcoin = 1 mBTC = ?
1/1000 mBTC = 1 µBTC = ?
1/100 µBTC = 1 Satoshi
Maybe its also enough to talk about mBTC or µBTC.
It may be too late to change this, but I think the most useful configuration would be to move the decimal point six places to the right. 1,000,000 New Bitcoins equals one old Bitcoin. The most common unit would be the KBTC = 1000 new Bitcoins = .001 old Bitcoins.
It is much easier for people to think and talk about thousands of something versus thousandths of something.
It is much easier for people to think and talk about thousands of something versus thousandths of something.
Never going to happen.
Use mBTC (most clients support it).
It may be too late to change this, but I think the most useful configuration would be to move the decimal point six places to the right. 1,000,000 New Bitcoins equals one old Bitcoin. The most common unit would be the KBTC = 1000 new Bitcoins = .001 old Bitcoins. There are still two decimal places left, just like most currencies.
1000KBTC = 1 old Bitcoin.
$20 USD = .154 old Bitcoin = 154 KBTC.
$100 USD = .77 old Bitcoin = 770 KBTC.
It is much easier for people to think and talk about thousands of something versus thousandths of something.
1000KBTC = 1 old Bitcoin.
$20 USD = .154 old Bitcoin = 154 KBTC.
$100 USD = .77 old Bitcoin = 770 KBTC.
It is much easier for people to think and talk about thousands of something versus thousandths of something.
i'll take mBTC over satoshi's any day. until you are buying things in satoshis without it sounding like your buying a house
mBTC is a better choice for now, although it just sounds cheaper
Right now, the closest fit would be Centibits in many countries and Microbits in Japan. There is some discussion against using the words "cent" since it is related to dollars. At the current GOX exchange rate of ~$145 USD/BTC:
1.00000000 Bitcoin = $145.00
10.0000000 Decibits (dɃ or Decks?) = $145.00
100.000000 Centibits (cɃ or Cubes or Qbits?) = $145.00 = €110.00 = ¥845 (Yuan)
1000.00000 Milibits (mɃ or Mills?) = $145.00
10000.0000 Microbits (μɃ or Mikes?) = $145.00 = ¥14,450 (Yen)
100000.000 Nanobits (nɃ or Nanos?) = $145.00
1000000.00 Satoshis (sɃ or Sats?) = $145.00
In the US and Europe we should refer to them right now as Centibits since that is closer to what a unit of local fiat is worth in Euros or Dollars. In Japan, they should refer to them as Millibits right now since that is close to what a yen is worth. Once a currency goes over 1000 of the current unit, we should move to the next scale down so you can keep track of the relationship with your local fiat currency.
This may actually help adoption too as people are more likely to buy 100 cɃ with $145 than 1 Ƀ even though it is the same thing.
1.00000000 Bitcoin = $145.00
10.0000000 Decibits (dɃ or Decks?) = $145.00
100.000000 Centibits (cɃ or Cubes or Qbits?) = $145.00 = €110.00 = ¥845 (Yuan)
1000.00000 Milibits (mɃ or Mills?) = $145.00
10000.0000 Microbits (μɃ or Mikes?) = $145.00 = ¥14,450 (Yen)
100000.000 Nanobits (nɃ or Nanos?) = $145.00
1000000.00 Satoshis (sɃ or Sats?) = $145.00
In the US and Europe we should refer to them right now as Centibits since that is closer to what a unit of local fiat is worth in Euros or Dollars. In Japan, they should refer to them as Millibits right now since that is close to what a yen is worth. Once a currency goes over 1000 of the current unit, we should move to the next scale down so you can keep track of the relationship with your local fiat currency.
This may actually help adoption too as people are more likely to buy 100 cɃ with $145 than 1 Ƀ even though it is the same thing.
i'll take mBTC over satoshi's any day. until you are buying things in satoshis without it sounding like your buying a house
With satoshis we can feel really rich
But I agree using mBTC for now.
i'll take mBTC over satoshi's any day. until you are buying things in satoshis without it sounding like your buying a house
Actually, mBTC already compares well in scale to many currency units in use around the world today. But I'm still waiting for ~300 USD/BTC before switching my main wallet over. (Display unit is arbitrary, of course, it's only when making a payment that the units are not arbitrary! Bitcoin-Qt conveniently strips digits when displaying in smaller units so the last decimal always equates to units of one satoshi.)
Quote
If...
1 BTC = 1 bitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin (also referred to as bitcent)
0.001 BTC = 1 mBTC = 1 millibitcoin (also referred to as mbit (pronounced em-bit) or millibit or even bitmill)
0.000 001 BTC = 1 μBTC = 1 microbitcoin (also referred to as ubit (pronounced yu-bit) or microbit)
0.000 000 01 BTC = 1 satoshi (pronounced sa-toh-shee)
Bitcents or centibits or CBits seem to be a more manageable value. Unless BTC's value changes, of course!
1 centibit = $1.235
So, that coffee and danish will be 2 centibits.
Quoting this again, because it makes more sense then mBTC or Satoshi. 1 BTC = 1 bitcoin
0.01 BTC = 1 cBTC = 1 centibitcoin (also referred to as bitcent)
0.001 BTC = 1 mBTC = 1 millibitcoin (also referred to as mbit (pronounced em-bit) or millibit or even bitmill)
0.000 001 BTC = 1 μBTC = 1 microbitcoin (also referred to as ubit (pronounced yu-bit) or microbit)
0.000 000 01 BTC = 1 satoshi (pronounced sa-toh-shee)
Bitcents or centibits or CBits seem to be a more manageable value. Unless BTC's value changes, of course!
1 centibit = $1.235
So, that coffee and danish will be 2 centibits.
milibitcoins makes sense. Satoshis do not, as they can't even be sent at the moment.
And people will accept dollars in any country on the planet.
You would think so but no.
Anyone selling 100000000 satoshis?
mBTC is the preferred unit now. 1 mBTC = 0.001 BTC ~= $0.13
We're getting there.
I'll probably switch my main wallet over at about $0,30 or so (my Mycelium mobile wallet is already showing mBTC - excellent and vital feature, IMO). 
mBTC is the preferred unit now. 1 mBTC = 0.001 BTC ~= $0.13
Hello,
I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.
I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.
No not yet.
THIS IS SUSPICIOUS - DO NOT DOWNLOAD THE FILE WITHOUT EXTREME CAUTION
Hi guys so let me explain this horrible nightmare I have got myself into. On thursday I downloaded bitcoinqt wallet and without knowing set a password? Regrettably I was intoxicated during the time that I set up the QT client and sent 10 bitcoins to the address... So I wake up next morning check out my wallet, go to send .005 to satoshidice and realise I have a ENCRYPTION password set that I cant remember. I've tried every password I have ever used so I imagine it must have been a typo at the time I entered the password.
I am fairly sure I know 5 out of the 9 digits that may be in the password. The first 5 digits are a word that I use for my password followed by a sequence of numbers. So only 4 digits actually need to be found. Over 2 hours of manually trying to get in have had no success. I've heard that people on these forums can make code to get into lost passwords on wallets. Please message me if you are able to provide this service, and please be aware I will only trust people with a fair amount of activity on these forums with my wallet.dat and what I know of the password. I am willing to pay 2 bitcoins for the help.
THIS IS HOW MUCH I KNOW : "BONE" ##### stand for the digits (numbers) I cant recall. You can get the wallet on sourceforge if you would like to give this a shot.. If you do manage to get in, I ask that you PLEASE dont rip me off, thanks.
/ linke removed for your protection.
Thank you.
I am fairly sure I know 5 out of the 9 digits that may be in the password. The first 5 digits are a word that I use for my password followed by a sequence of numbers. So only 4 digits actually need to be found. Over 2 hours of manually trying to get in have had no success. I've heard that people on these forums can make code to get into lost passwords on wallets. Please message me if you are able to provide this service, and please be aware I will only trust people with a fair amount of activity on these forums with my wallet.dat and what I know of the password. I am willing to pay 2 bitcoins for the help.
THIS IS HOW MUCH I KNOW : "BONE" ##### stand for the digits (numbers) I cant recall. You can get the wallet on sourceforge if you would like to give this a shot.. If you do manage to get in, I ask that you PLEASE dont rip me off, thanks.
/ linke removed for your protection.
Thank you.
https://www.virustotal.com/ca/file/955a0764632d427ac0def3d849242c8006d401a84cde0473f1f8962e523d9b1f/analysis/1378053912/
nasty
Edit: However a good hack would have avoided triggering any alarms under simple tests.
another site to help
http://virusscan.jotti.org/en/scanresult/5a971b7c9bca530f9915147e80bfa663eefd11c5
many names
Win32/Injector.Autoit.QS
DR/AutoIt.Gen2
decompression bomb
a variant of Win32/Injector.Autoit.QS
Trojan.Agent.AI
Trojan.Win32.Generic!BT
And people will accept dollars in any country on the planet.
Even the Hotel's bill was in Euro, not Dollar and not local currency Rupee.
No need to think in units of x1000 satoshi when there's µBTC (100 satoshi).
the problem with µBTC , mBTC and cBTC is that they are not nice to pronounce and also no one likes to own xBTC it makes you feel poor.
Hello,
I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.
I hate decimal numbers and with the value of bitcoin going so much isn't it time to switch to satoshis ? I feel like it would help the adoption because people in general would be more inclined to own 1 million satoshis than 0.01 bitcoin.
No not yet.
No need to think in units of x1000 satoshi when there's µBTC (100 satoshi).
Jump to: