It annoys me too OP, I won't ever use this system until I absolutely have to, I also think there are a determined group of spammers out there who don't really provide any arguments for it but want to make sure other people are using it instead, I've noticed it tends to be these faucets and PPC system operators that use it the most to mislead people.
There is nothing difficult about writing 0.0005BTC for example, granted, it's difficult to say it but that's really the only time when I'd say it's a good idea to do use those units.
Topic: Please stop with mBTC, microBTC, ...! - page 11. (Read 15217 times)
Most people in the world do know milli (10-3) and micro (10-6). These are standard in SI units. http://en.wikipedia.org/wiki/SI Now if you talking about USA, maybe you have a point, but the USA is has less than 4% of the world's population.
4% of population? Indeed. But in this industry two things count: money and innovations. In both of them USA are among the world leaders.
My two cents: are "bits" a good name? Nope.
Are SI prefixes a better way? Not at all. Bear in mind, that most of the world currencies use two syllables at most. mBTC is already 4 syllables. Way too many to be used outside of the internet.
I am also not a fan of satoshis - this is also too long. And too unfamiliar for western speakers. Already mentioned "nakas" would be better, or something similliar.
Well the US Dollar is 4 syllables and even the brief form USD is three. So much for that theory. In Japan the "yen" is pretty unique and only one syllable. I asked my 10 year old and she knew what milli and micro meant. Japanese education includes that at least.
For trading you can just use Bitcoin. The other forms are for shopping.
Oh and Japan is amongst the world leaders in money and innovations. In fact Europe is too. Although the US might be the undisputed king of McJobs that don't pay enough to live on. Maybe "Mc" should be a unit?
Most people in the world do know milli (10-3) and micro (10-6). These are standard in SI units. http://en.wikipedia.org/wiki/SI Now if you talking about USA, maybe you have a point, but the USA is has less than 4% of the world's population.
4% of population? Indeed. But in this industry two things count: money and innovations. In both of them USA are among the world leaders.
My two cents: are "bits" a good name? Nope.
Are SI prefixes a better way? Not at all. Bear in mind, that most of the world currencies use two syllables at most. mBTC is already 4 syllables. Way too many to be used outside of the internet.
I am also not a fan of satoshis - this is also too long. And too unfamiliar for western speakers. Already mentioned "nakas" would be better, or something similliar.
absolutely agree with OP !
Mostly people doesn't know what is "m, u, μ" thing except they usually work with (ex:physicists) or learn about conversion
Most people in the world do know milli (10-3) and micro (10-6). These are standard in SI units. http://en.wikipedia.org/wiki/SI Now if you talking about USA, maybe you have a point, but the USA is has less than 4% of the world's population.
Just use BTC or satoshi (0.00000001) like in:
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
absolutely agree with OP !
As we know, Satoshi is a smallest unit conversion of BTCitcoin. It's easier to remember it rather than using mBTC, uBTC, μBTC.
Mostly people doesn't know what is "m, u, μ" thing except they usually work with (ex:physicists) or learn about conversion
In third world countries, bitcoin has fresh field, but you have to introduce it to them like mBTCs, seeing that every unit is less than a dollar, it will get sold like hot bread.
People cant afford the idea of buying some currency thats more expensive that his weekly income.
Indeed, and look at the current prices, now imagine if the Winklevoss prediction of 70,000 each by 2017 comes to reality
those mBTCs will be uBTCs... personally i don't like that, the Satoshi measurement seems easier to me.
One consistent denomination seems ideal. No confusion, uniformity, simplicity. Question is, what denomination? The "dollar" works for USD.
I see this as an issue for metric applications to bitcoin.
Social wallet quickcoin.co use BITS already
I guess BITS isn't so bad as it just maps to micro-BTC.
It was unfortunate that the currency code for bitcoin became btc. It should have been bic. Can be pronounced.
Then we have bics mills mikes and satoshis. The market will eventually decide.
Then we have bics mills mikes and satoshis. The market will eventually decide.
In third world countries, bitcoin has fresh field, but you have to introduce it to them like mBTCs, seeing that every unit is less than a dollar, it will get sold like hot bread.
People cant afford the idea of buying some currency thats more expensive that his weekly income.
Indeed, and look at the current prices, now imagine if the Winklevoss prediction of 70,000 each by 2017 comes to reality
those mBTCs will be uBTCs... personally i don't like that, the Satoshi measurement seems easier to me.
One consistent denomination seems ideal. No confusion, uniformity, simplicity. Question is, what denomination? The "dollar" works for USD.
I see this as an issue for metric applications to bitcoin.
In third world countries, bitcoin has fresh field, but you have to introduce it to them like mBTCs, seeing that every unit is less than a dollar, it will get sold like hot bread.
People cant afford the idea of buying some currency thats more expensive that his weekly income.
Indeed, and look at the current prices, now imagine if the Winklevoss prediction of 70,000 each by 2017 comes to reality
those mBTCs will be uBTCs... personally i don't like that, the Satoshi measurement seems easier to me.
The problem that I have with the term "bit" is that it is part of the word "bitcoin" and I would think that people could get confused as to the difference between a "bitcoin" and a "bit" as they could think that something is either massively over or under priced.
On the other hand it makes sense that bitcoins are made up of bits.In other words a small bit of a bitcoin is called a bit.
Just use BTC or satoshi (0.00000001) like in:
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
how is that simpler than 1 bitcoin is 1 million BITS?
Actually no. 0.01 BITS = 1 satoshi
Yeah, BIT is just another name for uBTC. Initially I was opposed to "bits", because, well, we had the much more cleanly derived uBTC (and also mBTC). Then it dawned on me that "micro-bee-tee-cee" just had too many syllables and not everyone would value a clean derivation using metric prefixing. So I fell in love with "bits". 1 syllable, easy to pronounce, connotations with the digital world and money, future-proof, simple enough to handle / understand.
I acknowledge there can be confusion (you are a good example), but it can be overcome. I'll continue supporting the "bits" proposal.
Please share with the community
1 Naka = 0.0001 BTC
10 Naka = 0.001 BTC
100 Naka = 0.01 BTC
1,000 Naka = 0.1 BTC
1 BTC = 10,000 Naka
1 Naka = 10,000 Satoshi
10 Naka = 100,000 Satoshi
100 Naka = 1,000,000 Satoshi
1,000 Naka = 10,000,000 Satoshi
10,000 Naka = 100,000,000 Satoshi
1 Naka = 0.0001 BTC
10 Naka = 0.001 BTC
100 Naka = 0.01 BTC
1,000 Naka = 0.1 BTC
1 BTC = 10,000 Naka
1 Naka = 10,000 Satoshi
10 Naka = 100,000 Satoshi
100 Naka = 1,000,000 Satoshi
1,000 Naka = 10,000,000 Satoshi
10,000 Naka = 100,000,000 Satoshi
"bits" is just the proposed short name for 10-6 BTC in exactly the same way that "satoshi" was at one time the proposed short name, and is now generally accepted as the short name, for 10-8 BTC.
10-8 doesn't have a well known name in the metric system. That combined with the fact it's the smallest unit in the original system I understand the need for a different name (plus Satoshi deserves to be honored).
Bits, however, is just retarded. 10-6 is micro, something which everyone who completed high school should know.
That this is even being discussed makes me sad
I think 'bit's is catchy and easy to use...
And how is retarded when we are talking about 'bit' coin....
I think running around calling them micro's would be uhhumm.....'not fun'....
mark my words, and we'll pull up this time stamped post as proof down the road....if .000001BTC (not sure if I used the correct amount of zero's) becomes the general unit of use similar to the dollar...we will be calling them 'bits'....
Just use BTC or satoshi (0.00000001) like in:
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
how is that simpler than 1 bitcoin is 1 million BITS?
Actually no. 0.01 BITS = 1 satoshi
Yeah, BIT is just another name for uBTC. Initially I was opposed to "bits", because, well, we had the much more cleanly derived uBTC (and also mBTC). Then it dawned on me that "micro-bee-tee-cee" just had too many syllables and not everyone would value a clean derivation using metric prefixing. So I fell in love with "bits". 1 syllable, easy to pronounce, connotations with the digital world and money, future-proof, simple enough to handle / understand.
I acknowledge there can be confusion (you are a good example), but it can be overcome. I'll continue supporting the "bits" proposal.
"bits" is just the proposed short name for 10-6 BTC in exactly the same way that "satoshi" was at one time the proposed short name, and is now generally accepted as the short name, for 10-8 BTC.
10-8 doesn't have a well known name in the metric system. That combined with the fact it's the smallest unit in the original system I understand the need for a different name (plus Satoshi deserves to be honored).
Bits, however, is just retarded. 10-6 is micro, something which everyone who completed high school should know.
That this is even being discussed makes me sad
"bits" is just the proposed short name for 10-6 BTC in exactly the same way that "satoshi" was at one time the proposed short name, and is now generally accepted as the short name, for 10-8 BTC.
Just use BTC or satoshi (0.00000001) like in:
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
how is that simpler than 1 bitcoin is 1 million BITS?
Actually no. 0.01 BITS = 1 satoshi
Just use BTC or satoshi (0.00000001) like in:
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
I just bought a car for 10 BTC!
The new Final Fantasy game will cost only 15000 satoshi!
Using mBTC, uBTC, μBTC is just unnecessary, sounds like a different coin and it will confuse a lot of people.
Coinedup and a few other sites are guilty of using mBTC.
1 satoshi is the smallest unit of BTC that's all people should have to learn. If you want massive user adoption you have to simplify things.
how is that simpler than 1 bitcoin is 1 million BITS?
Actually no. 0.01 BITS = 1 satoshi
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