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Topic: Please stop with mBTC, microBTC, ...! - page 13. (Read 15217 times)

hero member
Activity: 854
Merit: 510
July 05, 2014, 07:21:51 AM
#56
The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...

Most people don't have a clue about how many widely accepted things work.   Easy to understand just isn't that important.   Easy to use is important. 

I either misspoke or miscommunicated...easy to use is what I mean't to say or convey...

but you are correct...its like the old saying about the easier something is for someone to use, usually the more complex it is on the backend...
Sorry, I misunderstood.   
newbie
Activity: 28
Merit: 0
July 05, 2014, 07:07:47 AM
#55
The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...

Most people don't have a clue about how many widely accepted things work.   Easy to understand just isn't that important.   Easy to use is important. 

I either misspoke or miscommunicated...easy to use is what I mean't to say or convey...

but you are correct...its like the old saying about the easier something is for someone to use, usually the more complex it is on the backend...
hero member
Activity: 854
Merit: 510
July 05, 2014, 07:02:01 AM
#54
The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...

Most people don't have a clue about how many widely accepted things work.   Easy to understand just isn't that important.   Easy to use is important. 
hero member
Activity: 854
Merit: 510
July 05, 2014, 06:57:37 AM
#53
I prefer BTC, mBTC, uBTC, s
's' is for satoshi

uBTC will be perfect once BTC hits $1 million.   I just hope it isn't hyper-inflation that gets it there.
newbie
Activity: 17
Merit: 0
July 05, 2014, 06:35:22 AM
#52
it is not important
 mBTC, microBTC  can't change  bitcoin
like cut  1 dollar   to  10000  piece
Stn
full member
Activity: 227
Merit: 100
July 05, 2014, 12:49:33 AM
#51
I never encounter yet any mBTC, BITS, uBTC or whatever. Neither seen any leader companies adopting them (like it was stated far above). I thought only some pretentious people uses them to show off.

If a client would write me request with mBTC amount I even won't bother myself to guess or search on net information how much it is. I would kick him back with his bird language demanding amount in BTC or fuck off at all.
full member
Activity: 188
Merit: 100
July 05, 2014, 12:47:22 AM
#50
That is totally correct, anyone in advertising or really any normal kind of industry can relate to making a product as easy as possible to pick up.     Bitcoin is nowhere easy enough yet.   The stupidly long hash codes and so on, that cannot be the face of this product not if its really going mainstream.   6 zeroes for a value doesnt work either.
     When that kind of mechanical working to btc is kept in the cupboard where it belongs and nobody need have a clue what it is to use btc then thats when I see wider success possible.

Theres QR codes and thats a great time saver.   Dont want presidents heads for values, it could lit up red when sending 1 btc from a wallet, yellow for ten times less, green hundred, blue thousandth of a btc, grey for the degrees down to 1 sat.  Thats a simple enough grading to help stop accidentally entering the wrong number of zeroes, basically btc has to pass the drunk test :p  I doubt a colour is it but thats how simple any grading to value has to be for global everyday use.    whatever system has to more disposable, liquid and accepting to its users in its approach

http://satoshivalue.com/

This guy also gets it! The color coding is brilliant. A redundant check which doesn't take up any time. Excellent thinking. Superior ergonomics.

"btc has to pass the drunk test" Exactly. You have to make it idiot proof. Because even smart people can do dumb things, when they are distracted, or nervous.
full member
Activity: 188
Merit: 100
July 05, 2014, 12:10:08 AM
#49
....For those that suggest using bitcoin and satoshi as the two values, I say you are crazy....the average person does not understand numbers that go to the right of the decimal point, which is why with USD, we only go 2 digits past... I mean hell, trying to get someone to understand that $5.10 and  $5.1 are the same number is a feat in itself...thats exactly why USD are always 2 digits to the right, because people don't under that the last zero is meaningless...and now you want to take them 3,4,5 digits past that??? Implossible for the average person to adapt to...

The best idea from a marketing standpoint is the bit...If people can relate a 'bit' to a 'dollar' and 'centibit to a 'cent', then we have a chance of adaptation...and as for worry or confusion of the computer term, you wont have to worry about that with the general population, and the people out there that actually use computer 'bits' will be smart enough to figure out the difference...

Most people dont know what their internet speed is or how its rated, or the speed of their computers, or hard drives etc etc...
This is evident in ISP's rating everything in Gb to make it some super high number, and then people looking at GB and thinking thats how fast their internet download speeds are...99.99% of people don't even know to take that number and divide by 8 if they really want to know what speed they are really paying for....

I vote the 'bit'....the centibit can also be the satoshi equivalent in other countries that choose to adopt it or use that nomenclature...
This guy gets it! And all the Tech-snobs who sneer at those who don't, won't or can't deal with figures more than 2 places to the right of the decimal point, don't. It's about marketing, not scientific correctness. It's about ergonomic ease of use.

Sure, your car's speedometer COULD be calibrated in inches per second. It's not incorrect. But it's the wrong unit for ease of use. It's ergonomically sub-optimal. Having a unit where we have to use 6 or 7 places to the right of the decimal point is also ergonomically sub-optimal. It will lead to mistakes, maybe not by you, but by the would-be non-technical users, and you know it. That's why it's also the wrong unit. Correct or not, 'bits' makes sense. Assuming you do want general adoption.
donator
Activity: 1218
Merit: 1015
July 04, 2014, 09:53:13 PM
#48
The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...
Alright. Sorry to be a combative asshole. I guess you've probably dealt with a few, heh. I guess I can't even imagine any kind of system adding "label granularity" between basically "1" (a satoshi) and "100,000,000" (a bitcoin) without it pissing me off just because it's different.
STT
legendary
Activity: 4102
Merit: 1454
July 04, 2014, 08:42:59 PM
#47
That is totally correct, anyone in advertising or really any normal kind of industry can relate to making a product as easy as possible to pick up.     Bitcoin is nowhere easy enough yet.   The stupidly long hash codes and so on, that cannot be the face of this product not if its really going mainstream.   6 zeroes for a value doesnt work either.
     When that kind of mechanical working to btc is kept in the cupboard where it belongs and nobody need have a clue what it is to use btc then thats when I see wider success possible.

Theres QR codes and thats a great time saver.   Dont want presidents heads for values, it could lit up red when sending 1 btc from a wallet, yellow for ten times less, green hundred, blue thousandth of a btc, grey for the degrees down to 1 sat.  Thats a simple enough grading to help stop accidentally entering the wrong number of zeroes, basically btc has to pass the drunk test :p  I doubt a colour is it but thats how simple any grading to value has to be for global everyday use.    whatever system has to more disposable, liquid and accepting to its users in its approach

http://satoshivalue.com/
newbie
Activity: 28
Merit: 0
July 04, 2014, 08:00:30 PM
#46
If the "average person" can't comprehend satoshis and BTC, they're probably best-suited to determine what they should be called, not someone who calls them an "average person." If they're not redefining the units, "average people" are probably smarter than we think and can handle numbers with zeros. I deal with zeros and radix points all the time. My electric bill is $326.32, not three Bens, twenty-six Big Georges, and thirty-two Abes. That's just about impossible to even put into a usable form (hint: usable form is $326.32).

I am an 'average person'....my IQ is slightly above average but probably no where near most of the IQ's on this forum...which is why I have lurked here for about a year and only felt comfortable making my first post about a week ago...

I got an 1180 on my SAT, not dumb, but not brilliant, but probably above the national average....I also scored a 780 on the math side of it which is probably fairly higher then the norm...well, from my own person experience with bitcoin, I find myself constantly looking at the zero's and trying to figure out how much bitcoin I actually have and what it's value is in USD since its the only way I can truly comprehend its value...I have to decrease from 600 to 60 to 6 with each move over and then approximate what my value is... Owning a nightclub (like a big one, 17k+ plus sq ft), I can tell you that I am around 1,000's and 1,000's of 'average' people that I can relate to, on a weekly basis...and most of them look at me like I am some kind of math genius and when I try to explain bitcoin to them and what the values are for each wallet (example given, showing them a coinbase wallet on my phone)...its beyond their comprehension with all the zeros...

The way to make the technology work is to make things 'easy' to understand....something that is difficult to adapt to has to face that barrier to entry right from the start...
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
July 04, 2014, 05:27:45 PM
#45
thread winner.

I don't mind mBTC.

BITS sounds stupid. Like it is a hole other coin.. not mBTC etc.. least it has BTC in it...

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.

If you think microBitcoin sounds like a new coin I have doubts you finished high school Sad

You do understand the concept of a centimeter right? You understand that it's the same as 0.01 M and not another unit of measurement? Come on, it's not rocket science.
donator
Activity: 1218
Merit: 1015
July 04, 2014, 05:21:11 PM
#44
If the "average person" can't comprehend satoshis and BTC, they're probably best-suited to determine what they should be called, not someone who calls them an "average person." If they're not redefining the units, "average people" are probably smarter than we think and can handle numbers with zeros. I deal with zeros and radix points all the time. My electric bill is $326.32, not three Bens, twenty-six Big Georges, and thirty-two Abes. That's just about impossible to even put into a usable form (hint: usable form is $326.32).
sr. member
Activity: 462
Merit: 250
July 04, 2014, 05:00:54 PM
#43
or just use big number

explain them that there are 100 millions satoshi for 1 btc therefore 0.01 is 1M satoshi 0.001(mbtc) is 100k satoshy and so on

how is that different from using the metric system?

in fact, you are using the metric system backwards (you go from satoshi instead of from bitcoin).

Either way works for me, but it think it's even better to use bitcoin.

If bitcoin reaches more than four figures again, it will be even more uncomfortable to use bitcoin unit, so i dont know where do you see the advantage over mbtc.
newbie
Activity: 28
Merit: 0
July 04, 2014, 04:32:58 PM
#42
I don't even care anymore. I just wish people would stop trying to engineer language like it makes any damn difference in adoption. I'm half-expecting actual, funded organizations to pop up campaigning on something as stupid as the nomenclature of currency denominations. People'll call it what they want based on need and really don't need us telling them what to call it with any unified voice of arrogant progress retardation from self-declared we-know-betters.

It makes a huge difference...It is one of the single biggest hurdles to mainstream adoption....

Anyone who is depending on the use of the word 'satoshi' to be used in everyday trading value in anglo-saxen based countries might as well sell their bitcoins right now... Its not going to happen...

Bitcoin suffers from marketing, which is a common problem with advanced technology because just like doctors, usually people skilled in the creation or adaptation of advance technology are terrible with marketing....reason being, their brains are far more advanced and they don't relate to the average public in the same way....

Bitcoin has some serious nomenclature issues....bitcoin is a very catchy name, but with mass adaptation will useless in all but a handfull of transactions...I wish we could just 'split' the price of a bitcoin and adjust it for what would be used in daily transactional values, but thus I know this is virtually impossible...

For those that suggest using bitcoin and satoshi as the two values, I say you are crazy....the average person does not understand numbers that go to the right of the decimal point, which is why with USD, we only go 2 digits past... I mean hell, trying to get someone to understand that $5.10 and  $5.1 are the same number is a feat in itself...thats exactly why USD are always 2 digits to the right, because people don't under that the last zero is meaningless...and now you want to take them 3,4,5 digits past that??? Implossible for the average person to adapt to...

The best idea from a marketing standpoint is the bit...If people can relate a 'bit' to a 'dollar' and 'centibit to a 'cent', then we have a chance of adaptation...and as for worry or confusion of the computer term, you wont have to worry about that with the general population, and the people out there that actually use computer 'bits' will be smart enough to figure out the difference...

Most people dont know what their internet speed is or how its rated, or the speed of their computers, or hard drives etc etc...
This is evident in ISP's rating everything in Gb to make it some super high number, and then people looking at GB and thinking thats how fast their internet download speeds are...99.99% of people don't even know to take that number and divide by 8 if they really want to know what speed they are really paying for....

I vote the 'bit'....the centibit can also be the satoshi equivalent in other countries that choose to adopt it or use that nomenclature...
donator
Activity: 1218
Merit: 1015
July 04, 2014, 04:08:57 PM
#41
I don't even care anymore. I just wish people would stop trying to engineer language like it makes any damn difference in adoption. I'm half-expecting actual, funded organizations to pop up campaigning on something as stupid as the nomenclature of currency denominations. People'll call it what they want based on need and really don't need us telling them what to call it with any unified voice of arrogant progress retardation from self-declared we-know-betters.
legendary
Activity: 1106
Merit: 1005
July 04, 2014, 03:59:47 PM
#40
or just use big number

explain them that there are 100 millions satoshi for 1 btc therefore 0.01 is 1M satoshi 0.001(mbtc) is 100k satoshy and so on

how is that different from using the metric system?

in fact, you are using the metric system backwards (you go from satoshi instead of from bitcoin).

Either way works for me, but it think it's even better to use bitcoin.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
July 04, 2014, 02:20:35 PM
#39
or just use big number

explain them that there are 100 millions satoshi for 1 btc therefore 0.01 is 1M satoshi 0.001(mbtc) is 100k satoshy and so on
sr. member
Activity: 266
Merit: 250
July 04, 2014, 01:23:04 PM
#38
Gotta agree with this or just wrote the whole sum. I have problems with remembering rate or mBTC myself.

But you can remember that one satoshi is 0.0000064 dollars? wtf. Right now with the current value of a bitcoin being around $640, 1 mBTC is 0.64 aka 64 cents, which is pretty reasonable to remember.

When the purchasing power of a single bitcoin goes through the roof then we can start moving to smaller increments. For now, mBTC works just as well as talking in terms of a full coin.
The issue is that there are so many unit's of measure for bitcoin that people could easily get confused. IMO it is best to stick with BTC
legendary
Activity: 1106
Merit: 1005
July 03, 2014, 06:19:16 PM
#37
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.

If you think microBitcoin sounds like a new coin I have doubts you finished high school Sad

You do understand the concept of a centimeter right? You understand that it's the same as 0.01 M and not another unit of measurement? Come on, it's not rocket science.

I see you have 0 understanding of marketing, maybe you believe only smart people should use bitcoin.

You might check other replies and notice that most agree bitcoin and satoshi are enough and more terms will just confuse people.


because you have to be smart to understand the metric system,

logic not found...

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