Which exchange will make history and be the first to switch to mBTC?

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: BitcoinBarrel on December 02, 2013, 08:37:57 PM

Why does everyone want to switch to mBTC? I just don't get it... how hard is it to say .000001 BTC or .00004 BTC? Undecided

Because it's easier

Most people want to change because they think retarded people will think it's expensive and won't buy. I'm not sure what I think of that because changing for that sounds scammy.

BitcoinBarrel

legendary

Activity: 1961

Merit: 1020

Fill Your Barrel with Bitcoins!

Why does everyone want to switch to mBTC? I just don't get it... how hard is it to say .000001 BTC or .00004 BTC? Undecided

wachtwoord

legendary

Activity: 2324

Merit: 1125

They'll wait a bit I guess. It's only marginally above $1/mBTC now and it might tank at some point. If the price goes up to $10k or stays here fore a few months the change will be made I guess

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: Bitcoin BEAR on December 02, 2013, 07:57:22 PM

There is no point! You can trade less than a full BTC right now, so who cares? I think it's a stupid idea to change the way we look at Bitcoin for the sake of small holders.

i disagree.
mbtc is vital for the future of bitcoin. for the average guy bitcoin is a very abstract concept to begin with. but we need the average guy if we want mass adoption. it is already hard for a beginner to put "real" money into this abstract currency. but is is completely impossible to get anyone to invest into just a fraction of something this abstract.

i know it is not rational. it´s a psychological barrier. if our average dude comes home to tell his wife he jumped the fence and finally bought ... oh well 0.0034456 of what ever he will feel reluctant. if he could tell he bought a couple of hundred it will be a much easier thing to tell.

in my opinion milli-bitcoin is a question of survival. the community needs to adopt this, so mass adoption can take place.

Bitcoin BEAR

full member

Activity: 143

Merit: 100

There is no point! You can trade less than a full BTC right now, so who cares? I think it's a stupid idea to change the way we look at Bitcoin for the sake of small holders.

hieroglyph

member

Activity: 70

Merit: 10

If I had to guess I'd say Gox. I know it's not likely to be them but I think they'd be the first to incorporate mbtc into their system.

wobber

legendary

Activity: 1064

Merit: 1001

I hope they won't do that until the next major milestone, ounce of gold.

Fajman

newbie

Activity: 48

Merit: 0

1. I’m wondering which exchange will make history and be the first to switch to mBTC?

2. What exactly does making the switch mean?
a.   Is it just changing the price on their main page
b.   Adding extra procedure to their API’s (Note – I haven’t used these so I’m guessing at how they work)
c.   Changing their current API’s… although that sounds risky.

How hard could it be? and why not since it will remove a psychological barrier (especially for the BTC newbs)

Topic: Which exchange will make history and be the first to switch to mBTC? (Read 747 times)