What is the price for? Can you be more specific.
If you use satoshi to fellow bitcoin fans then it can, but if you spend bitcoin on a marketplace website or service then you need to use FIAT or dollar as a reference value.
Topic: We Need to start Mentioning Price in Satoshis (Read 508 times)
we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
I agree that currently the price of bitcoin is too volatile to be the point of reference, but I believe we should shift from thinking in terms of bitcoin to satoshis instead so that less people believe they are priced out. For example, saying you own 100,000 satoshis is much more appealing than saying you own .001 BTC.
I prefer dollar than doing satoshi because we are still using fiat and it is way more easier to know how much the price of Bitcoin is in USD. Maybe we will do that in the latter if the price of Bitcoin reached by millions of USD. Satoshi/sats is being used in many ways, such as in faucet.
we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
I think you are right. Me myself I am calling it SATOSHIS and not in dollar term. Satoshi is the best and it fits for bitcoin. USD is a Fiat currency we should not be including USD in our terminologies here in bitcoin world. 
Right now one Satoshi is equal to $0.000051.
What is the point in using such a small unit to talk about the exchange rates? At the most, we can use milliBitcoins (mBTC) while talking about the prices. But using such a small unit like Satoshi doesn't make any sense, and it will be just wasteful and inconvenient.
What is the point in using such a small unit to talk about the exchange rates? At the most, we can use milliBitcoins (mBTC) while talking about the prices. But using such a small unit like Satoshi doesn't make any sense, and it will be just wasteful and inconvenient.
Satoshis are most commonly referenced as a means of calculating bitcoin transaction fees. BTC and BCH fees are commonly denominated in sats per byte. As a number of Bitcoin supporters have tried to demonstrate, however, the applications for sats needn’t stop there. While it’s certainly true that cryptocurrencies can be highly volatile, fiat currencies are not exempt from this malaise. In fact, when viewed over a long enough timeframe, the U.S. dollar’s properties as a store of value don’t look so hot.
The whole market is working with fiat money, either USD/Euro or any other currency and that's because everyone understands that and the price remains fixed. The price of bitcoin is too volatile and merchants would have to chance the price of their products every minute because the value of bitcoin also changes.
I agree with this, for temporary its easier for people to label everything with dollar, bitcoin is too fluctuative, so it could make the confusion for the people to used, and more people are used to the fiat currency, when bitcoin gain more popularity and more adoption then we can change it into Satoshi
we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
Well, that's exactly what I've written many times. Many users, especially those who have been with Bitcoin for a long time, only calculate in Bitcoin. But most of the board users still think in fiat currencies. But you can't blame them as long as you can't use Bitcoin for shopping in the shop around the corner.
Also, BTC was never meant to replace FIAT, but stand alongside it as an alternate payment solution to users.
And I also agree that it is more effective to say the price per BTC rather than per Sat's because of the sudden movement of the price.
price will become stable as we start using it !
To be honest, im already mentioning my product pricing in satoshi to my staffs.Lol! No joke. Whenever they were to approach me for the rates or price of a product, i will simply reply them back the price amount in btc naturally. Hmm.. come to think of it, maybe i should put into action and start pricing my products in btc. 
You are mentioning your prices in bitcoin but I am pretty sure your price doesn't stay fixed for the entire time and that's because the value of bitcoin changes why the value of your product /service remains the same. So why would you waste time changing the price every day when you can just put your price in fiat and people can automatically calculate what it would cost when they pay you bitcoin.
Well since we are talking about way more decimal cases than fiat ones it is hard to translate satoshis into money amount.
Taking that into consideration you can't remove one or another and make a single currency for the entire world
That would be like removing all decimal cases from a double or a float value and coverting it into int.
Or you could also use exponential cases
That would be cool 
Taking that into consideration you can't remove one or another and make a single currency for the entire world
That would be like removing all decimal cases from a double or a float value and coverting it into int.
Or you could also use exponential cases
That would be cool 
To be honest, im already mentioning my product pricing in satoshi to my staffs.Lol! No joke. Whenever they were to approach me for the rates or price of a product, i will simply reply them back the price amount in btc naturally. Hmm.. come to think of it, maybe i should put into action and start pricing my products in btc.
Okay can you please tell me what would be the case of you telling them once the price of bitcoin goes up? Let's talk about dress. What if the dress is worth 200 dollars in btc. That's 0.037229 in btc. Then tomorrow the price of btc surges. Will the dress worth of 200 dollars go down also? 
To be honest, im already mentioning my product pricing in satoshi to my staffs.Lol! No joke. Whenever they were to approach me for the rates or price of a product, i will simply reply them back the price amount in btc naturally. Hmm.. come to think of it, maybe i should put into action and start pricing my products in btc.
we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
It's a little bit difficult but maybe in future, it can be possible we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
I think the reason why people prefer using the amount of bitcoin in dollar rather than how much satoshi is that because it is honestly difficult to read fractions of bitcoin since it is composed of decimals. It is more convenient to say the value in dollar than in satoshi.
we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
Pirce is too cheap to be using satoshi currently. mBTC is a better equivalent, right now its around $5 for each mBTC which isn't too farr off from normal currency values. Having prices denominated in btc creates a big mental barrier for new investors. They see 5,000 for "one" coin to be outrageous.
we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
We will get used with SAT if bitcoin will rise to the moon hard. However, I doubt the USD trading pair will be remove, no matter how successful BTC will be in the future, it will not surpass the adoption rate of fiat.
Everyone do hope that bitcoin is going to the moon someday, but to think that the based of trading will be based on satoshi instead of usd I still doubt that they will give the push to this. Because most of the traders and big investors still have some doubt on bitcoin because of its volatile price and bubble which can't maintain their own transaction as well. If there is only a way to make them invest here then may be we can talk about satoshi right now
we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
We will get used with SAT if bitcoin will rise to the moon hard. However, I doubt the USD trading pair will be remove, no matter how successful BTC will be in the future, it will not surpass the adoption rate of fiat.
it will, i see the whole world using 1 currency
we need to start mentioning price in SAT, we need to remove USD the sinking currency from the equation
We will get used with SAT if bitcoin will rise to the moon hard. However, I doubt the USD trading pair will be remove, no matter how successful BTC will be in the future, it will not surpass the adoption rate of fiat.
I am not undestanding your argument currently bitcoin value determined by fiat currency . What it makes differnece if we say in satoshi . The day satoshi becomes equal to 1$ then we can mention it Satoshi . Satoshi is just fraction of bitcoin we cant compare that with largey denominated currency.
The whole market is working with fiat money, either USD/Euro or any other currency and that's because everyone understands that and the price remains fixed. The price of bitcoin is too volatile and merchants would have to chance the price of their products every minute because the value of bitcoin also changes.
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