Topic: Let's use mBTC instead of BTC - page 4. (Read 4268 times)
for now it's eaier to me to use mBTC in transactions because it's more used but for the other rich users it will not be comefortuble to use for them they will need to dobble in tripple check what are writed before sending
1 BTC = 1 000 000 bits. easy.
Yes that will be my prefered unit in a few years as well I think.
Instead of mBTC and µBTC, bits is really simple to understand.
And in terms of accumulating it is always fun to "Each bit counts!"
To be honest, I still use the 0.001 BTC unit. I find it to be very easy as I have been using it since I came into Bitcoin. My Bitcoin core wallet gives me the option to choose mBTC, but I'm not going to use it as my main unit any time soon.
mBTC is not user-friendly. If you say MBTC it's 4 syllables. If you say millibitcoin it's 4 syllables too. Much too long. That's the big problem. It needs a shorter name. 2 syllables top wouldn't be a luxury.
"Bits" is cool, for micro-bitcoins, though. Only problem is that "bit" is a common word with a lot of meanings. And also it sounds funny for French speakers like me because it's pronounced in a similar fashion to the french word "bite" which means "dick". Imagine the conversation; "oh yeah, I bought that beer for 3 dicks". Yes that's how French speakers feel when they have to use the word "bit" in a French sentence. Awkward
Also, the bit still a very small unit. Unless bitcoin drastically increases in value, bits won't be worth much. Which is not practical either :-/
I hate when people make calculations in satoshis. Satoshis are meant to be bitcents. Not a unit for larger amounts. No one says "30,000 euro cents". That's stupid. You say "300 euros" and that's it. Amounts calculated in satoshis should never exceed two digits.
"Bits" is cool, for micro-bitcoins, though. Only problem is that "bit" is a common word with a lot of meanings. And also it sounds funny for French speakers like me because it's pronounced in a similar fashion to the french word "bite" which means "dick". Imagine the conversation; "oh yeah, I bought that beer for 3 dicks". Yes that's how French speakers feel when they have to use the word "bit" in a French sentence. Awkward
Also, the bit still a very small unit. Unless bitcoin drastically increases in value, bits won't be worth much. Which is not practical either :-/
I hate when people make calculations in satoshis. Satoshis are meant to be bitcents. Not a unit for larger amounts. No one says "30,000 euro cents". That's stupid. You say "300 euros" and that's it. Amounts calculated in satoshis should never exceed two digits.
In what unit you want to compare bitcoin is up to you depend upon how much bitcoin you handle regurarly. For faucet claimer even 1mbtc will be high and what they earn will be in decimal in whatever unit they compare it with.
There are many units to see bitcoin and you are free to use what suited you but bitcoin will be always counted as unit bitcoin rather than all those smaller unit.
There are many units to see bitcoin and you are free to use what suited you but bitcoin will be always counted as unit bitcoin rather than all those smaller unit.
Should we quote US currency in dollars or cents - it's a similar discussion. 
I think a much more suitable comparison is to discuss whether we should take body measurements in inches or miles
Im fine with using Numbers like 0.001
No need to change anything.. but use whatever you want.
No need to change anything.. but use whatever you want.
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
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
using decimal sometime make people misleading count the zero behind,
and using mBTC would make hard to convert exact number to fiat,
so i totally agree with shorena, using satoshi are perfect for smallest unit of 1 bitcoin, easy looks.
Agree with you we should start using mBTC instead quoting BTC.I think there less awareness about this even we see it everyday.I will start using from now onwards.I think is good initiative to debate and spread the word out.
It is working fine even with BTC and there will be time when mbtc and umbtc really will have value and then these symbols which seem rare will in spot light by themselves.We can change general trend so easy.People follow the trend so doing we too.
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
i don't have problem with rational numbers
Should we quote US currency in dollars or cents - it's a similar discussion.
1 BTC = 1 000 000 bits. easy.
I think most people have gotten too used to saying BTC and get confused when their coins are denominated in mBTC.
It will happen sooner or later though, with increasing price it is inevitable.
It will happen sooner or later though, with increasing price it is inevitable.
Maybe "bits" will be better, as we expect the value to increase significantly? At the moment 20 bits is about 1 Japanese Yen. Maybe soon it will be equivalent?
I find it easier just using satoshis, I prefer just 0.0001 or whatever. any time i see x mbtc i find it harder to work out than satoshis.
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?
in my opinion.. i think it doesnt matter if its mbtc, satoshi or btc.
as all bitcoin users understands already what is it.
but when you tell that we start using ONLy mbtc. there will be some
debate over it. as some people will like instead change it to satoshi only. or btc only.
so i think theres no need to change the usual one. you can measure it in mbtc if you want.
but i doubt that everyone will agree using the same also for over all.
Nah, I think it's more reliable to use the bigger unit rather than using a smaller one which is mbtc. Bitcoin is more volatile than others and with it's constant moving price, it's more preferable to use a unit as a whole and just a measure of it's part.
The best is that all clients let you switch quickly to the unit you need at that moment.
Hopefully they also have an equivalent to usd, I can see new users being very confused and losing money easily.
The best is that all clients let you switch quickly to the unit you need at that moment.
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