Please stop with mBTC, microBTC, ...! - page 2.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

For those that do not know the entire "bits" proposal, which I personally like because it solves three issues in one proposal is:

Quote

1 satoshi = smallest unit, pretty much in general use today
1 bit = 100 satoshi, eventually every day use, coffee, sandwiches, etc.
1 XBT = 1 bit, should be the official symbol on all exchanges, forex, etc.
1 BTC = 1000000 bits = kept for dealing with larger amounts, may fade

1 Bitcoin/bitcoin as a currency unit fades away

Bitcoin = the Bitcoin protocol

Notice that 1 microBitcoin = 100 satoshi = 1 bit = 1 XBT

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

Skavenger

newbie

Activity: 28

Merit: 0

Rightly so. It needs to stop, its too confusing. We need Something.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: BurtW on August 30, 2014, 07:27:02 AM

Quote from: tspacepilot on August 29, 2014, 10:07:58 PM

I couldn't disagree more about the "bits" thing. How does introducing another named unit at an arbitrary decimal point make things simpler or easier? Especially with a name like "bits" which can refer to a bunch of confusingly related topics: data storage, information, cryptography.

If you are confused by the simple idea of using "bits" as a shorthand for microBitcoins then you must be totally confounded by all the following terms (in order so as not to confuse you too much): penny, cents, nickel, dime, bit, quarter, buck, a nickel bag, a dime bag, a Jackson and a Benjamin.

I am sorry if the previous sentence left you drooling on the floor in total mind numbing confusion.

using 'bits' as an abbreviation for microbitcoin is like using meter as an abbreviation for micrometer.

it just doesn't make sense, and for that reason the abbreviation for micrometer is micron.

just like the abbreviation for dollarcent is cent, and not dollar.

A bit is an abbreviation for bitcoin, if any. And a microbitcoin can be abbreviated or nicknamed to a lot of things, as long as it's not bit. Microbitcoin or microbit work fine in my opinion, since at least the meaning is clear the moment you hear it.

also: https://www.youtube.com/watch?v=r7x-RGfd0Yk

Quote from: thms on August 30, 2014, 09:42:58 AM

Quote from: tspacepilot on August 29, 2014, 01:57:48 PM

Quote from: Strawbtcerries on August 29, 2014, 10:15:04 AM

We need to find new ways, its not very marketeable as it is right now Cry

I think your post is so vague it's hard to reply to.

The best I can say is that I think the people who find mBTC or uBTC to be a problem are really, really dense. You simply can't stop the reality of the decimal system and most folks with more than 1 or 2 years of primary school understand how a number subdivides into parts of 10 as represented by a decimal point.

I think you are really disconnected from the real world and doesn't have a clue about how the average person thinks.

See this simple example:

A&W introduced a burger that was bigger and less expensive than McDonald's Quarter Pounder, but it failed because customers assumed 1/3 was less than 1/4.
http://factually.gizmodo.com/whats-bigger-1-3-pound-burgers-or-1-4-pound-burgers-1611118517

no offense, but it wouldn't have failed in any country using the metric system,

in other words, it would have worked in any country except the US of retarded A

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: tspacepilot on August 29, 2014, 02:39:01 PM

BTC and satoshi's are fine. However, I note that the metric prefixes are defined independently of any unit. They already exist whether or not you use them. Talking about a kilometer or a millimeter is not introducing another unit beside the meter, it's simply an abbreviation of a multiplication of that unit. People who use mBTC and uBTC or Ksat at their convenience are not introducing new units.

I don't know if you guys have heard of this nonsense where some people want to call 100satoshis a "bit" and then give prices in "bits". Now, talk about confusing, talk about something that sounds like a new coin. I'm totally against this "bits" thing. But using metric prefixes is always going to exist whether you're talking about time, money, distance, anything.

exactly what i have been saying over and over again, sadly though, due to all the retards pushing for the use of bits, it seems many services are using 'bits' to mean µBTC, which is in my opinion completely ridiculous and backwards. If anything, it only makes things more confusing.

There are international standards for a reason.

joshraban76

sr. member

Activity: 252

Merit: 250

I prefer bits.

1BTC = 1 million bits
1 bit = 100 satoshi

6 places to the right of the decimal is bits
8 places to the right of the decimal is satoshi

0.00005000 = 50 bits or 5000 satoshi

Seems easy enough to me

itsAj

hero member

Activity: 588

Merit: 500

Quote from: BurtW on August 30, 2014, 07:27:02 AM

Quote from: tspacepilot on August 29, 2014, 10:07:58 PM

I couldn't disagree more about the "bits" thing. How does introducing another named unit at an arbitrary decimal point make things simpler or easier? Especially with a name like "bits" which can refer to a bunch of confusingly related topics: data storage, information, cryptography.

If you are confused by the simple idea of using "bits" as a shorthand for microBitcoins then you must be totally confounded by all the following terms (in order so as not to confuse you too much): penny, cents, nickel, dime, bit, quarter, buck, a nickel bag, a dime bag, a Jackson and a Benjamin.

I am sorry if the previous sentence left you drooling on the floor in total mind numbing confusion.

The thing about, pennies, nickels, dimes, and quarters is that these are actual coins that have actual value. People do not look at 5 pennies and think of it as a nickel, they look at 5 pennies and think of it as 5 cents.

thms

sr. member

Activity: 427

Merit: 250

Quote from: tspacepilot on August 29, 2014, 01:57:48 PM

Quote from: Strawbtcerries on August 29, 2014, 10:15:04 AM

We need to find new ways, its not very marketeable as it is right now Cry

I think your post is so vague it's hard to reply to.

The best I can say is that I think the people who find mBTC or uBTC to be a problem are really, really dense. You simply can't stop the reality of the decimal system and most folks with more than 1 or 2 years of primary school understand how a number subdivides into parts of 10 as represented by a decimal point.

I think you are really disconnected from the real world and doesn't have a clue about how the average person thinks.

See this simple example:

A&W introduced a burger that was bigger and less expensive than McDonald's Quarter Pounder, but it failed because customers assumed 1/3 was less than 1/4.
http://factually.gizmodo.com/whats-bigger-1-3-pound-burgers-or-1-4-pound-burgers-1611118517

jambola2

legendary

Activity: 1120

Merit: 1038

Quote from: BurtW on August 30, 2014, 07:27:02 AM

Quote from: tspacepilot on August 29, 2014, 10:07:58 PM

I couldn't disagree more about the "bits" thing. How does introducing another named unit at an arbitrary decimal point make things simpler or easier? Especially with a name like "bits" which can refer to a bunch of confusingly related topics: data storage, information, cryptography.

If you are confused by the simple idea of using "bits" as a shorthand for microBitcoins then you must be totally confounded by all the following terms (in order so as not to confuse you too much): penny, cents, nickel, dime, bit, quarter, buck, a nickel bag, a dime bag, a Jackson and a Benjamin.

I am sorry if the previous sentence left you drooling on the floor in total mind numbing confusion.

I honestly have no idea what a nickel bag , a dime bag , a Jackson or a Benjamin is...

I find it easier to use mBTC or uBTC than Bits, as those are SI units. (easier for everyone not using the Imperial system)

When discussing Bitcoin, I usually refer to amounts 0.01 BTC or more in BTC itself, everything between 0.01 mBTC (0.00001 BTC) to 10 mBTC in mBTC and anything lower in Satoshis.

This is really not an up and coming problem. For the time being, 0.01 mBTC is easy enough to say and is half a cent, so Bitcoins and milli Bitcoins are enough.
Talking in uBTC and Satoshis don't really make sense at the present time to me. I can understand how much they are, but 1 uBTC is lesser than a thousandth of cent, too less to need to use currently.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: tspacepilot on August 29, 2014, 10:07:58 PM

I couldn't disagree more about the "bits" thing. How does introducing another named unit at an arbitrary decimal point make things simpler or easier? Especially with a name like "bits" which can refer to a bunch of confusingly related topics: data storage, information, cryptography.

If you are confused by the simple idea of using "bits" as a shorthand for microBitcoins then you must be totally confounded by all the following terms (in order so as not to confuse you too much): penny, cents, nickel, dime, bit, quarter, buck, a nickel bag, a dime bag, a Jackson and a Benjamin.

I am sorry if the previous sentence left you drooling on the floor in total mind numbing confusion.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: 101111 on August 29, 2014, 09:08:26 PM

Quote from: tspacepilot on August 29, 2014, 01:57:48 PM

Quote from: Strawbtcerries on August 29, 2014, 10:15:04 AM

We need to find new ways, its not very marketeable as it is right now Cry

I think your post is so vague it's hard to reply to.

The best I can say is that I think the people who find mBTC or uBTC to be a problem are really, really dense. You simply can't stop the reality of the decimal system and most folks with more than 1 or 2 years of primary school understand how a number subdivides into parts of 10 as represented by a decimal point.

Unfortunately innumeracy is a huge problem. A lot of people in the US for instance think 1/4 is bigger than 1/3, (because '4' is bigger than '3'). Dollars and cents are confusing enough for them. The move to bits is a step in the direction but bitcoin still has a huge marketing challenge, that's widely acknowledged and only the really really dense would dismiss it, or can't even see or understand it. Wake up to the challenge/opportunity. Like I alluded to earlier (with the ENIAC reference), bitcoin for many people is akin to a 1st generation programming language, binary; even assembler would be a step up.

I see a great arbitrage opportunity to serve the people who think a 1/4 BTC is more than 1/3 BTC!

Buy 1/4 BTC, only 1/3 BTC each! Free money!

101111

hero member

Activity: 525

Merit: 500

Quote from: tspacepilot on August 29, 2014, 10:07:58 PM

Quote from: 101111 on August 29, 2014, 09:08:26 PM

Quote from: tspacepilot on August 29, 2014, 01:57:48 PM

Quote from: Strawbtcerries on August 29, 2014, 10:15:04 AM

We need to find new ways, its not very marketeable as it is right now Cry

I think your post is so vague it's hard to reply to.

The best I can say is that I think the people who find mBTC or uBTC to be a problem are really, really dense. You simply can't stop the reality of the decimal system and most folks with more than 1 or 2 years of primary school understand how a number subdivides into parts of 10 as represented by a decimal point.

Unfortunately innumeracy is a huge problem. A lot of people in the US for instance think 1/4 is bigger than 1/3, (because '4' is bigger than '3'). Dollars and cents are confusing enough for them. The move to bits is a step in the direction but bitcoin still has a huge marketing challenge, that's widely acknowledged and only the really really dense would dismiss it, or can't even see or understand it. Wake up to the challenge/opportunity. Like I alluded to earlier (with the ENIAC reference), bitcoin for many people is akin to a 1st generation programming language, binary; even assembler would be a step up.

I couldn't disagree more about the "bits" thing. How does introducing another named unit at an arbitrary decimal point make things simpler or easier? Especially with a name like "bits" which can refer to a bunch of confusingly related topics: data storage, information, cryptography.

Those issues have been addressed ad-nauseum. However I am curious what kind of people have no problem operating with an 8 decimal place currency, and yet get confused by such a simple concept as 'bits'? Is there a name for this disorder? Maybe it's related to aspergers or something? Serious question.

itsAj

hero member

Activity: 588

Merit: 500

Quote from: tspacepilot on August 29, 2014, 10:07:58 PM

Quote from: 101111 on August 29, 2014, 09:08:26 PM

Quote from: tspacepilot on August 29, 2014, 01:57:48 PM

Quote from: Strawbtcerries on August 29, 2014, 10:15:04 AM

We need to find new ways, its not very marketeable as it is right now Cry

I think your post is so vague it's hard to reply to.

The best I can say is that I think the people who find mBTC or uBTC to be a problem are really, really dense. You simply can't stop the reality of the decimal system and most folks with more than 1 or 2 years of primary school understand how a number subdivides into parts of 10 as represented by a decimal point.

Unfortunately innumeracy is a huge problem. A lot of people in the US for instance think 1/4 is bigger than 1/3, (because '4' is bigger than '3'). Dollars and cents are confusing enough for them. The move to bits is a step in the direction but bitcoin still has a huge marketing challenge, that's widely acknowledged and only the really really dense would dismiss it, or can't even see or understand it. Wake up to the challenge/opportunity. Like I alluded to earlier (with the ENIAC reference), bitcoin for many people is akin to a 1st generation programming language, binary; even assembler would be a step up.

I couldn't disagree more about the "bits" thing. How does introducing another named unit at an arbitrary decimal point make things simpler or easier? Especially with a name like "bits" which can refer to a bunch of confusingly related topics: data storage, information, cryptography.

I agree (with your disagreement) in that adding additional ways to measure bitcoin is only going to confuse people. I think we should stick with bitcoin and allow people to use decimal places when pricing goods/services that are less then $600. When the price of bitcoin exceeds 5 digits then this conversation can be revisited.

tspacepilot

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Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

Quote from: 101111 on August 29, 2014, 09:08:26 PM

Quote from: tspacepilot on August 29, 2014, 01:57:48 PM

Quote from: Strawbtcerries on August 29, 2014, 10:15:04 AM

We need to find new ways, its not very marketeable as it is right now Cry

I think your post is so vague it's hard to reply to.

The best I can say is that I think the people who find mBTC or uBTC to be a problem are really, really dense. You simply can't stop the reality of the decimal system and most folks with more than 1 or 2 years of primary school understand how a number subdivides into parts of 10 as represented by a decimal point.

Unfortunately innumeracy is a huge problem. A lot of people in the US for instance think 1/4 is bigger than 1/3, (because '4' is bigger than '3'). Dollars and cents are confusing enough for them. The move to bits is a step in the direction but bitcoin still has a huge marketing challenge, that's widely acknowledged and only the really really dense would dismiss it, or can't even see or understand it. Wake up to the challenge/opportunity. Like I alluded to earlier (with the ENIAC reference), bitcoin for many people is akin to a 1st generation programming language, binary; even assembler would be a step up.

I couldn't disagree more about the "bits" thing. How does introducing another named unit at an arbitrary decimal point make things simpler or easier? Especially with a name like "bits" which can refer to a bunch of confusingly related topics: data storage, information, cryptography.

101111

hero member

Activity: 525

Merit: 500

Quote from: tspacepilot on August 29, 2014, 01:57:48 PM

Quote from: Strawbtcerries on August 29, 2014, 10:15:04 AM

We need to find new ways, its not very marketeable as it is right now Cry

I think your post is so vague it's hard to reply to.

The best I can say is that I think the people who find mBTC or uBTC to be a problem are really, really dense. You simply can't stop the reality of the decimal system and most folks with more than 1 or 2 years of primary school understand how a number subdivides into parts of 10 as represented by a decimal point.

Unfortunately innumeracy is a huge problem. A lot of people in the US for instance think 1/4 is bigger than 1/3, (because '4' is bigger than '3'). Dollars and cents are confusing enough for them. The move to bits is a step in the direction but bitcoin still has a huge marketing challenge, that's widely acknowledged and only the really really dense would dismiss it, or can't even see or understand it. Wake up to the challenge/opportunity. Like I alluded to earlier (with the ENIAC reference), bitcoin for many people is akin to a 1st generation programming language, binary; even assembler would be a step up.

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

BTC and satoshi's are fine. However, I note that the metric prefixes are defined independently of any unit. They already exist whether or not you use them. Talking about a kilometer or a millimeter is not introducing another unit beside the meter, it's simply an abbreviation of a multiplication of that unit. People who use mBTC and uBTC or Ksat at their convenience are not introducing new units.

I don't know if you guys have heard of this nonsense where some people want to call 100satoshis a "bit" and then give prices in "bits". Now, talk about confusing, talk about something that sounds like a new coin. I'm totally against this "bits" thing. But using metric prefixes is always going to exist whether you're talking about time, money, distance, anything.

serje

legendary

Activity: 1232

Merit: 1002

Quote from: Dallas5 on July 02, 2014, 08:23:36 AM

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 support you mate!!!!!

I want only to use BTC and satoshies!

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

Quote from: Strawbtcerries on August 29, 2014, 10:15:04 AM

We need to find new ways, its not very marketeable as it is right now Cry

I think your post is so vague it's hard to reply to.

The best I can say is that I think the people who find mBTC or uBTC to be a problem are really, really dense. You simply can't stop the reality of the decimal system and most folks with more than 1 or 2 years of primary school understand how a number subdivides into parts of 10 as represented by a decimal point.

Strawbtcerries

newbie

Activity: 33

Merit: 0

We need to find new ways, its not very marketeable as it is right now Cry

Ayers

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Merit: 1022

Leading Crypto Sports Betting & Casino Platform

isn't just better to write it with decimals? 0.001, 0.000001 ecc... or 10^-8, 10^7 ecc...

fatguyyyyy

sr. member

Activity: 406

Merit: 250

Bitcoin Mixer: https://BitLaunder.com

I total agree with OP! I find hard to understand prices in mBTC and those things!
I prefer to see prices in BTC it's soo easy! Satoshi may be used just for faucets

Topic: Please stop with mBTC, microBTC, ...! - page 2. (Read 15217 times)