Topic: What is a millibit? (Read 3834 times)
I get really confused when I try to figure out this units. I don't count and let the wallet do the talking.
Definitely 0.001 btc.
0.001 btc
0.001 btc no ?
That is correct.
Quite confusing when before small amounts of btc are called satoshis.
0.001 btc no ?
I think millibit is confusing. mBTC, or mSatoshi should distinguish these concepts better.
Perhaps you mean decisatoshi (dSAT) or nanobitcoin (nBTC).
Anyway, I'm not worried about distinguishing these concepts. I'm just want an idea of the communities current understanding of the term "millibit" in light of the presently fashionable term "bit". I honestly thought I'd see more votes for "Other/Unknown/Ambiguous/Nonsensical".
1,000 Sat is 1 kSat
One thousand (1000) milliBits refers to 1 bitcoin or 1 BTC
mBTC= 0.001 BTC
I'm a little late to vote in the pool but add my vote to the first choice lol.
I'm a little late to vote in the pool but add my vote to the first choice lol.
millibit = 0.001 BTC
it is simple
it is simple
Ha! almost mistaken for "multibit" and I was gonna paste in the URL and introduction 
Too bad English is not my native language.
Too bad English is not my native language.
I think millibit is confusing. mBTC, or mSatoshi should distinguish these concepts better.
why every one prefer 0.001BTC in terms of millibit? 
i think it's 1BTC
i think it's 1BTC
Ok, it's been a week so I'll lock the poll now.
Thanks for the info everyone.
Thanks for the info everyone.
We should just use the metric system and be done with it.
KBTC = 10^3BTC
mBTC = 10^-3 BTC
uBTC = 10^-6 BTC
KBTC = 10^3BTC
mBTC = 10^-3 BTC
uBTC = 10^-6 BTC
Is that like a
Actually, I think milli-bitcoin (not millibit) is pretty much the future
BTC ? Okay.
mBTC ? Okay, 0.001 BTC
Satoshi ? Okay, the smallest unit.
mBTC will likely become extremely dominant. Near the 1000$ phase of BTC, mBTC were convenient as they had parity with the dollar.
Using decimal places will not stay forever, mBTC is easier to use. Why mBTC and not Bitcent, Bit, kiloSatoshi or whatever crap? Well, I'd attribute it to the fact that mBTC could be considered more of a unit, under which transactions rarely occur. It's not too big that you need to use decimal places too often, nor too small that you would need to talk in hundreds.
Is that like a
0.001 btc
0.001 BTC
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