New Bitcoin Units. AlternativeTo mBTC, uBTC
MTH, BTH, TTH, QTH, RTH and STH.
M, B, T, Q, R, S.
BTCM, BTCB, BTCT, BTCQ, BTCR, BTCS
Idea is like, take all 21M bitcoins, and break it into million, billion, trillion parts.
These units assume that there are, 1 million, 1 billion, 1 trillion and 1 quadrillion units of total bitcoins, and represents 1 millionth, 1 billionth, 1 trillionth and 1 quadrillionth of sub-units.
To make it convenient, and divisible by 21, I'll be using 1.05M (instead of 1M), and so on.
For example,
1. MTH is bigger than BTC, as there are only 1.05 million units,
1.05 / 21 = 0.05 MTH = 1 BTC
@ $1000 per BTC, 1 MTH = $20,000
2. BTH and rest of the units are smaller denominations, BTH is 1.05 billion units, so,
1050 / 21 = 50 BTH = 1 BTC
@ $1000 per BTC, 1 BTH = $20
3. TTH, 1.05 trillion units, so,
1.05M / 21 = 50,000 TTH = 1 BTC
@ $1000 per BTC, 1 TTH = 2 cents
$1 = 50 TTH
4. QTH, 1.05 quadrillion units, so,
1050M / 21 = 50 million QTH = 1 BTC
@ $1000 per BTC, 1 QTH = 0.002 cents
$1 = 50,000 QTH
5. Just as an extension, two more smaller units; RTH, STH. Just using next two letters to R.
1.05B / 21 = 50 billion RTH = 1 BTC
1050B / 21 = 50 trillion STH = 1 BTC
@ $1000 per BTC,
50 million RTH = 50 billion STH = $1
You can also ignore TH, and use just M, B, T, Q, R and S.
Usage:
1. Governments, banks, Bitcoin millionaires, early adopters searching bitcoins in their old / lost hard drives can talk in terms of M, or MTH.
2. Mining pool operators can use Q denominations. Coffee shops can use T denominations. If you're tipping, or doing some kind of micro-transaction, then you can use T / TTH denomination.
3. Another advantage is that you can ignore decimals, when you're using these units, because you're talking in terms of smallest convenient unit, so decimals are insignificant in the context.
4. Now, I have about 36 B. Or, 36 BTH.
I'll leave it here, for your review and consideration. I hope this is convenient, and it would solve imaginary problem of 21 million bitcoins.
