Let's use mBTC instead of BTC - page 2.

Herbert2020

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Quote from: AliceWonderMiscreations on February 06, 2016, 07:02:20 AM

I had my wallet set to mBTC for a long time but I just switched to BTC because too many things are priced in BTC and I wanted to avoid confusion.

None of the websites where I spend money use mBTC so it doesn't make sense for my wallet to be in mBTC.

that is the good thing about bitcoin. you can change these things to your liking. for instance in Electrum wallet that i use, you can set it to any unit you like and set the decimals it shows. and i have seen websites that accept bitcoin do this too with a simple dropdown list that changes the price to mBTC, uBTC, or USD,...

AliceWonderMiscreations

full member

Activity: 182

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I had my wallet set to mBTC for a long time but I just switched to BTC because too many things are priced in BTC and I wanted to avoid confusion.

None of the websites where I spend money use mBTC so it doesn't make sense for my wallet to be in mBTC.

elizabethqueen

sr. member

Activity: 252

Merit: 250

Quote from: the_poet on December 31, 2015, 05:29:39 AM

I don't know about you guys, but more and more often I find myself dealing with numbers like 0.004 BTC, 0.05 BTC, etc. in everyday transactions. I hate decimals and I think most of you are in the same boat as me. Our brain works much better with whole numbers. Given that 1 mBTC is in the same order of magnitude as 1 USD, why don't we start measuring our transactions in mBTC?

i believe no only you guy that confused and asking about this,some forum and group dealing with mBTC for measuring bitcoin amount,and some wallet give some option with decimal or mBTC,for m,its more simple use decimal,even i hate decimal,but i can calculate bitcoin easily with decimal

pooya87

legendary

Activity: 3472

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Quote from: the_poet on December 31, 2015, 05:29:39 AM

I don't know about you guys, but more and more often I find myself dealing with numbers like 0.004 BTC, 0.05 BTC, etc. in everyday transactions. I hate decimals and I think most of you are in the same boat as me. Our brain works much better with whole numbers. Given that 1 mBTC is in the same order of magnitude as 1 USD, why don't we start measuring our transactions in mBTC?

the problem with this is that not everybody knows what mili, micro and similar things mean. i have seen topics about what does mBTC or uBTC means and how much are they.
for this to work, everybody needs to have an understanding of the units. but satoshi or using decimals is going to be universally understandable.

Greenenergy

sr. member

Activity: 441

Merit: 250

I use sometimes mBTC but not like you, having some decimals don't bother me. So for me, that's not a priority to use mBTC everywhere.

bearex

hero member

Activity: 560

Merit: 501

yup. I really hate the ammount of zeros in front. Especially if the price per BTC would grow and you would have to pay something like 0.0002134 for coffee for example. Would have been better so the price would be like 2,2134.

But it takes some adapting. It is frustrating right now seeing mBtc and Btc sometimes, so you are left confused.

Not to mention less f%%ck ups. So you wont send 0.01 instead of 0.001 to somebody again Cheesy

randchingo

member

Activity: 70

Merit: 10

I agree completely that if mBTC is the base currency it will be much better, a full BTC is simply too expensive to use it as a corner for BTC trades and transactions and it gives the general public a view that BTC is just less useful since they don't fully understand how one satoshi can be exchanged.

Tavos

full member

Activity: 140

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fastdice.com The Worlds Fastest Bitcoin Dice

I like using BTC because it is the least confusing. mBTC could work better but there are some people who do bigger transactions.

PakistanHockeyfan

member

Activity: 98

Merit: 10

I don't exactly see a point of using mbtc instead of BTC as it just happens to be pointless. Just like using Satoshis. Bitcoin in its own is fine.

a7mos

hero member

Activity: 574

Merit: 500

I used to use the unit satoshi to divide bitcoin as my first experience with btc was through faucets.
And if some one used bit, mbit, I got confused Cheesy

shorena

copper member

Activity: 1498

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No I dont escrow anymore.

Quote from: The Sceptical Chymist on December 31, 2015, 05:58:19 PM

Quote from: shorena on December 31, 2015, 05:41:14 AM

I personally prefer Satoshi, its way more fun to transfer a million satoshi than 0.01 btc or 10 mBTC.

No seriously, just use whatever you prefer, I think most are familiar with the denominations

1 BTC = 10⁸ (100 million) satoshi
1 mBTC = 10⁵ (100k) satoshi
1 µBTC = 10² (100) satoshi

Yes, and do you see what the common denominator is here? It's the satoshi unit, and that's one of only two that should be used in my opinion. I strongly, strongly believe that one should either use satoshi (or ksat: 100ksat = 1btc) or BTC. Everything else is unnecessary and only introduces more steps in describing what should be a very simple quantity.

100ksat is not 1BTC though, you might wana be careful when trading.

Shinpako09

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Activity: 2058

Merit: 1015

Quote from: Amph on December 31, 2015, 07:25:56 AM

i like to use more satoshi as the minimal divisor, i simply say i send you 0.01, 0.001 etc...

i don't have problem with rational numbers

Yeah me too, i'm more comfortable using satoshi. I used it because sometimes mbtc is confusing in my part as well as others bitcoiners I guess they are confused or they dont know the conversation of mbtc to satoshi.

jethrorn99

full member

Activity: 224

Merit: 100

Quote from: Cashew on December 31, 2015, 11:29:10 PM

I feel like mBTC is just casinos' attempt to make us feel richer Tongue

Well, it's the nature of human's greed
More number in yo wallet = more happiness (even tho sometimes it's cheap)

Cashew

sr. member

Activity: 391

Merit: 250

I feel like mBTC is just casinos' attempt to make us feel richer Tongue

lixer

hero member

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Quote from: davinchi on December 31, 2015, 11:20:49 PM

Quote from: lahm-44 on December 31, 2015, 09:51:37 PM

Quote from: TastyChillySauce00 on December 31, 2015, 05:40:51 AM

while any exchanger site around the world still use decimal ,it seems you just make hard your whole bitcoin life,and if you have more than 100btc you should write it 100000mBTC really give me headache

hey maybe you got little bit of misunderstood him .op is saying to count the transaction in mbtc until we get a 1bitcoin that means a whole number and by the way op you can use the mbtc viewinv setting almost present in every wallet and alsomt in every site there are a lot of people who had thought the same stuff and i am sure you will find some of them at bitcointalk community too.hey but in my opinion i dont think mbtc will be a good idea i always go for satoshi unit when ever i see any bitcoin transaction its the perfect unit of me

Yes, based on the volume we can use different notations for bitcoin.
But with foreseeing view, we will be forced to use least available unit satoshi when satoshi = 1 USD or 1 cent.
Value and volume will decide the unit of bitcoin time to time for our convenience.

Yes, the unit of bitcoin for our ease of use and for better understanding. So, one all time standardization is not possible for bitcoin and for any commodity/currency also. So, let the users to choose for their convenience.

davinchi

legendary

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Quote from: lahm-44 on December 31, 2015, 09:51:37 PM

Quote from: TastyChillySauce00 on December 31, 2015, 05:40:51 AM

while any exchanger site around the world still use decimal ,it seems you just make hard your whole bitcoin life,and if you have more than 100btc you should write it 100000mBTC really give me headache

hey maybe you got little bit of misunderstood him .op is saying to count the transaction in mbtc until we get a 1bitcoin that means a whole number and by the way op you can use the mbtc viewinv setting almost present in every wallet and alsomt in every site there are a lot of people who had thought the same stuff and i am sure you will find some of them at bitcointalk community too.hey but in my opinion i dont think mbtc will be a good idea i always go for satoshi unit when ever i see any bitcoin transaction its the perfect unit of me

Yes, based on the volume we can use different notations for bitcoin.
But with foreseeing view, we will be forced to use least available unit satoshi when satoshi = 1 USD or 1 cent.
Value and volume will decide the unit of bitcoin time to time for our convenience.

lahm-44

sr. member

Activity: 336

Merit: 250

Quote from: TastyChillySauce00 on December 31, 2015, 05:40:51 AM

while any exchanger site around the world still use decimal ,it seems you just make hard your whole bitcoin life,and if you have more than 100btc you should write it 100000mBTC really give me headache

hey maybe you got little bit of misunderstood him .op is saying to count the transaction in mbtc until we get a 1bitcoin that means a whole number and by the way op you can use the mbtc viewinv setting almost present in every wallet and alsomt in every site there are a lot of people who had thought the same stuff and i am sure you will find some of them at bitcointalk community too.hey but in my opinion i dont think mbtc will be a good idea i always go for satoshi unit when ever i see any bitcoin transaction its the perfect unit of me

allyspork

newbie

Activity: 1

Merit: 0

Quote from: EXtremeAEX on December 31, 2015, 08:42:21 PM

Yeah, why not? mBTC can be easier for micro transaction and small earnings for us newbies, whereas BTC are more used by miners and large companies. I suppose different units of bitcoin can be used in different places, so each is useful in some way.

Many sites now also offer mBTC as a unit, like coinad, but it makes the earnings look small. Tongue

Yeah, I agree with you. Btcclicks use it too. So, the member can feel if they are gain a great value..

EXtremeAEX

hero member

Activity: 798

Merit: 503

Yeah, why not? mBTC can be easier for micro transaction and small earnings for us newbies, whereas BTC are more used by miners and large companies. I suppose different units of bitcoin can be used in different places, so each is useful in some way.

Many sites now also offer mBTC as a unit, like coinad, but it makes the earnings look small. Tongue

Hugroll

hero member

Activity: 756

Merit: 500

i like how some wallets actually let you change your main unit of currency from btc to mbtc like copay. i really enjoy using those kinds of wallets because they make me feel like i own more btc and i actually own.

Topic: Let's use mBTC instead of BTC - page 2. (Read 4268 times)