Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31566. (Read 26732061 times)

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.

That seems like a good bitcoin project opportunity - has anybody made a paper wallet service which allows you to change the unit displayed on the printout?

The other day I ordered a pizza for 16 mBTC.

Doesn't that sound more natural to you than 0.016 bitcoins? The name "bitcoin", by invoking the noun "coin", just naturally suggests to people that it is an indivisible unit of currency. I could offer you "half a coin" of US currency, and although that's theoretically possible (I could saw the coin in half), it just doesn't really make sense when we consider what's traditionally understood by "coin".

Really, the ideal compromise would be to rename Bitcoin to "Bitgold" or similar - something that doesn't carry connotations of a whole unit by which trade is carried out - but obviously, at this point, that's almost too ridiculous to even consider. "Bitcoin" is here to stay, but if we're going to make people realise that they aren't limited to paying discrete multiples of one bitcoin, then the transition to mBTC as the principal unit of bitcoins is a good way of achieving that. It's also built into the concept of the infinitely divisible currency that we can continue to do this forever.

If and when a satoshi comes close to parity with the dollar, I'll be an advocate of switching to satoshis - and for some reason, I don't think that transition will be taken as poorly as this one has been. For some reason, people just seem uncomfortable with the term "mBTC".

P.S. the pizza thing is true, it was delicious

no, your calculations are wrong: Google costs 1 kUSD. or 1mGoogle costs 1 USD

 

I've been wondering whether satoshi actually makes most sense to most of the people in the world. Make the transaction once and for all.

Interesting observation is that 1 lakh satoshi = 1 mBTC

1 bitcoin is already well known and will continue to be the unit of account of the rich.

For those aiming to get by, 1 satoshi will be worth about $0.01-$0.10 soon, and is a very practical unit, as well as the multiples k and M. No need to deal with decimals.

wow, gigasatoshi ... i´m lovin' it.

Lets wait a year and switch directly to satoshi.

Broken out of second triangle, rally set to resume soon.

mbtc ain't dumb. actually it´s the future. no mass adoption without mbtc.

One gigasatoshi is now worth about $12,000.00.  

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OK, so apparently mBTC is dumb, but kBTC is not. Care to clarify your feelings on the other SI prefixes?

Good article about the heist - and an (alleged) name:

http://motherboard.vice.com/blog/did-one-of-the-silk-roads-successors-just-commit-the-perfect-bitcoin-scam

mBTC is for miliBTC or one thousandth of a bitcoin.

Indeed, we don't say that google costs 1mUSD that would be 0.001 USD.
But people do say that google costs 1k USD per share. If the share of google would be say 22 543 USD, people would say it is 22K USD.
I think using mBTC is smart.

You can just change bitcoinity preferences back to BTC instead of mBTC if you want.

Don't act like it makes any difference. Nothing's changed. Just keep this tab open:

and you can pretend the decimal point isn't there, if you insist on reading the price of a full BTC.

This would be a good strategy, assuming the person behind Sheep isn't so greedy that they'll try to keep every single BTC they stole. However, all it would take is for somebody to say "hey, I just received 200 BTC from that wallet, what's up with that?" and as soon as at least one other person confirms it happened, the strategy becomes transparent.

That said, if somebody did the maths and realised that they'd acquired $200,000 in drug money, I wonder if they'd be quite as public about it as I'm suggesting!

The buy that pushed us over 1200USD happened at the same time as 1110 wall disappeared, so I suppose he has another 0.6k BTC worth of usd waiting.

I prefer BTC over mBTC - as it makes me more excited! The concept of huge bundles of cash is always welcome

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