Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31565.

Teslaza

newbie

Activity: 16

Merit: 0

Quote from: SnowMonkey_CG on December 04, 2013, 08:23:19 AM

Wow, such strong feelings on the matter.

To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer Wink

we can use them interchangeably easily enough.

I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect.

As for what to verbally call them... then I don't know, milibits? I'll leave that to the crowd!

Agreed, just saw this on the newegg facebook page.

http://s27.postimg.org/do9r4l6yr/newegg.png

EDIT : Not sure how to resize the image

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: JimboToronto on December 04, 2013, 07:55:30 AM

I don't ~~think most of the world~~ really cares about dollars.

FTFY

Almost 90% of the daily Forex trades ($4 Trillion +) contains USD on one side or the other. USD remains the worlds reserve currency, so it only makes sense that BTC is and for now at least, remains paired to USD.

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: niothor on December 04, 2013, 09:07:24 AM

Quote from: 600watt on December 04, 2013, 09:05:05 AM

Quote from: niothor on December 04, 2013, 08:59:44 AM

Quote from: conspirosphere.tk on December 04, 2013, 08:41:28 AM

so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party

Wait , we didn't have a party at 1024

)
Also we need one at 2009.

stick to the original.

btc-1k party^TM Wink

edit: https://btc1k.com/

Why the f***?
We're rich , we can have one every week.

f*** yeah, you are right!

Rival

hero member

Activity: 504

Merit: 502

To help my wife understand I have been using terms like "Bitcent" (0.01) or "Bitquarter" (0.25). Seems to help the transition along.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: KieranJones1 on December 04, 2013, 08:15:51 AM

One final point in the BTC vs mBTC debate - if you just like to be able to say you own 100 of something that costs $1200 a pop, doesn't it sound even more impressive to say you own 100,000 things that cost $1.20 a pop? Changing to mBTC is a win for people new to bitcoin as well as for people who've already established their fortunes. Showing off your material wealth is the only reason I can possibly think of why people would be resistant to switching.

Only for people bad at math.
Impressing people with wealth is a cost, not a goal.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: 600watt on December 04, 2013, 09:05:05 AM

Quote from: niothor on December 04, 2013, 08:59:44 AM

Quote from: conspirosphere.tk on December 04, 2013, 08:41:28 AM

so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party

Wait , we didn't have a party at 1024

)
Also we need one at 2009.

stick to the original.

btc-1k party^TM Wink

edit: https://btc1k.com/

Why the f***?
We're rich , we can have one every week.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: niothor on December 04, 2013, 08:59:44 AM

Quote from: conspirosphere.tk on December 04, 2013, 08:41:28 AM

so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party

Wait , we didn't have a party at 1024

)
Also we need one at 2009.

stick to the original.

btc-1k party^TM Wink

edit: https://btc1k.com/

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: conspirosphere.tk on December 04, 2013, 08:41:28 AM

so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party

Wait , we didn't have a party at 1024

)
Also we need one at 2009.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: KieranJones1 on December 04, 2013, 08:43:50 AM

Quote from: conspirosphere.tk on December 04, 2013, 08:41:28 AM

so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party

First we've got to pass that bloody $1200 for longer than an hour Sad

With volume this low its might take a while

KieranJones1

member

Activity: 126

Merit: 10

Quote from: conspirosphere.tk on December 04, 2013, 08:41:28 AM

so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party

First we've got to pass that bloody $1200 for longer than an hour Sad

conspirosphere.tk

legendary

Activity: 2352

Merit: 1064

Bitcoin is antisemitic

so at this rate when we are expected to hit $1337?
i think it's time to plan a 1337 party

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

I think a fee of 0.1 mBTC makes more sense than 0.0001 BTC, especially if it would be lowered further. People are going to lose time counting all the zeros and double-checking. It's impractical.

SnowMonkey_CG

newbie

Activity: 38

Merit: 0

Wow, such strong feelings on the matter.

To me mBTC makes much more sense, I was all for it when price passed $0.50/mBTC OR $500/BTC... whichever you prefer Wink

we can use them interchangeably easily enough.

I just think it removes a psychological barrier for folk still getting into bitcoin who think the price is 'too high' because they don't necessarily understand the divisibility aspect.

As for what to verbally call them... then I don't know, milibits? I'll leave that to the crowd!

KieranJones1

member

Activity: 126

Merit: 10

One final point in the BTC vs mBTC debate - if you just like to be able to say you own 100 of something that costs $1200 a pop, doesn't it sound even more impressive to say you own 100,000 things that cost $1.20 a pop? Changing to mBTC is a win for people new to bitcoin as well as for people who've already established their fortunes. Showing off your material wealth is the only reason I can possibly think of why people would be resistant to switching.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: maz on December 04, 2013, 07:54:26 AM

Quote from: SnowMonkey_CG on December 04, 2013, 06:50:02 AM

Quote from: lucas.sev on December 04, 2013, 06:47:24 AM

Quote from: SnowMonkey_CG on December 04, 2013, 06:45:31 AM

Gox just touched 1.2 USD/mBTC...

no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD.

EDIT: Now it did.

I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC.

Its nice that you prefer it, but the thread title is BTC/USD. If you want to talk in small digits then go play with LTC.

Bitcoin is moving into big boys territory now so just deal with it.

Bitcoin "moving into big boys territory" is exactly why we need to work in mBTC. Don't you see that with mBTC bitcoin will make more psychological sense to a wider group of people? A group of people we very much need to be buying bitcoin? And now bitcoin looks cheap again. It's good, and it's important, and it's going to happen anyway, so deal with it. :-)

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

KieranJones1

member

Activity: 126

Merit: 10

Quote from: maz on December 04, 2013, 07:54:26 AM

Quote from: SnowMonkey_CG on December 04, 2013, 06:50:02 AM

Quote from: lucas.sev on December 04, 2013, 06:47:24 AM

Quote from: SnowMonkey_CG on December 04, 2013, 06:45:31 AM

Gox just touched 1.2 USD/mBTC...

no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD.

EDIT: Now it did.

I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC.

Its nice that you prefer it, but the thread title is BTC/USD. If you want to talk in small digits then go play with LTC.

Bitcoin is moving into big boys territory now so just deal with it.

So by that token, if I ask about the value of gold to the dollar, I mean the collective USD cost of every single ounce of gold on the planet? "BTC/USD" doesn't imply the quantity of BTC or the unit in which you're dealing. "1 mBTC" is still a BTC value.

Quote from: JimboToronto on December 04, 2013, 07:55:30 AM

Quote from: KieranJones1 on December 04, 2013, 07:42:45 AM

If and when a satoshi comes close to parity with the dollar, I'll be an advocate of switching to satoshis

I don't think most of the world really cares about dollars.

I certainly don't; I'm from the UK. However, since the BTC/USD rate is pretty much the entire focus of the speculation side of bitcoin, and the only way I've ever seen "non-tech" people comprehend its value, I think it's just the most convenient currency to use in this case. I guarantee there'll be nothing like the celebration there was for 1BTC:1000USD when 1BTC hits £1000, or 1000 of any other currency you like.

JimboToronto

legendary

Activity: 4284

Merit: 5215

You're never too old to think young.

Quote from: KieranJones1 on December 04, 2013, 07:42:45 AM

16 mBTC. Doesn't that sound more natural to you than 0.016 bitcoins?

Not really.

Quote from: KieranJones1 on December 04, 2013, 07:42:45 AM

If and when a satoshi comes close to parity with the dollar, I'll be an advocate of switching to satoshis

I don't think most of the world really cares about dollars.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31565. (Read 26732061 times)