Topic: Please stop with mBTC, microBTC, ...! - page 12. (Read 15217 times)

No, the "bits" proposal is to use "bits" as a shorthand for microBitcoins.

For those that missed it or misunderstood it, the entire "bits" proposal is as follows:


When adopted we can all look forward to the day when a shave and a haircut will, once again, cost two bits.

Exactly...glad to hear that someone else actually understands the issue...

If bitcoin is going to grow 100x as many of you desire/predict, doesn't it make sense to develop a denomination now that reflects this future value?

It is easier to view a world where a coffee costs 500 coins instead of 0.000005 coins.  The latter is just nonsensical.

Actually you mean 100 million BITS?   

BTC, mBTC, uBTC & Satoshi are all we need.

how is that simpler than 1 bitcoin is 1 million BITS?

Yeah they are. And then they complain when a sane alternative is suggested ...

back to measuring with your thumbs, legs, elbows and feet.

oh wait that's what they are still doing in america aren't they?

It all just seems unnecessary, and tied to pegging BTC to the value of fiat. Why? Maybe it's because I'll always count my bitcoins in whole numbers, being somewhat of an early adopter. I don't price things (fiat value) in cents, either -- I use dollars...

That is why mBTC, uBTC and Satoshi make sense.  Well Satoshi isn't metric but it sounds better than "bits".   However I'm in Japan which is mostly in the rest of the world, except cars drive on the left hand side of the road here.  

lol the entire world uses the metric system.

What do you want us to do?  Go back to memorizing how many xx is in yy?  Throw away the base 10 (fingers) model?

i agree with OP. burn the metric system!

Why do we need something between satoshis and bitcoins? What is so bad about looking to the right of the decimal 6 places and counting 6 zeros?

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.

It's true that too many divisions can be confusing.
But we need something between satoshis and bitcoins.

It makes sense to use Satoshi as long as it is not more then 100 satoshi, otherwise you should just use BTC and use decimal places to the right.

I like satoshi now too.  Everything else is just confusing.  It took awhile but it is a lot easier to keep track of now, especially as the new unit people keep advocating for us all to use keeps changing.  Forget it, just use satoshi, feel rich!

Corrected that for you


So you are saying that you think it is good to keep an inferior product so that it doesn't see mass adoption? I would think now would be the time to figure out ways to smooth over those minor hurdles, one of them being a great nomenclature and products that will make it easy to use...


Bitcoin is not a company trying to sell a product, its people trying to sell a better way to transact in order to get away from the broken system of corruption and greed that is controllned by the few and for the benefit of the few ....but to say that great concepts and ideas don't need a great marketing plan is naive... You can think, criticise, share, debate, and learn ways to make bitcoin more appealing and easier to use just like any other attribute of bitcoin that could be improved upon...


I mislead people everyday into buying bitcoin...because I think it will improve their way of life down the road... I explain to them the fundamentals of the economy that they currently participate in and how 'fractional reserves' and 'licenses to print money' are just ways to devalue the wealth that everyone else has...and how bitcoin takes the power away from the few, and secures through the power of many...

I could simply show them charts and show how much bitcoin has gone up and value, and then show them how much it will continue to go up (imo) and tell them to jump on the bandwagon for that reason, but then I would be no better then the crooks on wall street who do the same thing without having any legit reason of 'why' it is going to go up... I believe providing the 'why' is more important then providing the 'when', and I believe that's the difference between the bitcoin backers and the alternate choices...

That is quite funny that you say "bit" sounds like a whole new coin and "satoshi" does not.  

Most people won't even know the connection between Bitcoin and Satoshi.

So?  Bitcoin does not have an adoption problem.  If anything, it's being adopted too quickly already and minor hurdles to mainstream adoption could well be a good thing!


Bitcoin is not a company trying to sell a product, it's an experiment in p2p money.  I do not market; I think, criticise, share, debate, and learn.

Some years ago, bitcoiners would primarily lead others into understanding.  Today it is considered proper to mislead others into buying.

Unit naming discussion resurrected - this means new users - bullish!