Which of these bitcoin units do you NOT want to use? - page 3.

MakingMoneyHoney

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Quote from: KingOfTrolls on October 27, 2014, 07:04:07 AM

Quote from: SilenceDogreat on October 27, 2014, 03:13:21 AM

So the underlying question is "what unit should we switch to now", correct?
I'm a Bit hater for a few reasons...

[...]

If we drop "Coin" for less syllables, "centibit" or "millibit" are much better candidates.
"I just bought 100 millibits for 40 bucks!" ... "I just bought 100,000 bits for 40 bucks!" is a little excessive.

"hundred milli bits"

Five syllables.

"hundred thousand bits"

Five syllables.

"ten million sats"

Four syllables. Wink

Even better yet: I bought 10 mil sats - 3 syllables

Like it's been said, people don't like fractions, and are impressed with large numbers, this incorporates both.

Q7

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The more we talk on this topic, the more confusion there is. As long as the unit is understood by both parties, so what issue there is?

bornil267645

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AltoCenter.com

I really hate satoshi, it makes absolutely no sense at all. btc is okay but what's with satoshi !!!

ladybitcoin

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Quote from: KingOfTrolls on October 27, 2014, 11:18:10 AM

Quote from: MakingMoneyHoney on October 26, 2014, 08:00:50 AM

Quote from: farjia on October 26, 2014, 07:27:49 AM

Voted. I prefer BTC and Satoshi.

I can't vote, but I agree BTC and Satoshi. Keep it simple.

I would not want to use these 3 equally: µBTC / uBTC, bit, mBTC (was there even an option for people to vote all of those at the same time?)

Yes, voting against multiple units is possible.

I also agree just keep satoshi and BTC we need not more units these both enough for all

KingOfTrolls

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Quote from: MakingMoneyHoney on October 26, 2014, 08:00:50 AM

Quote from: farjia on October 26, 2014, 07:27:49 AM

Voted. I prefer BTC and Satoshi.

I can't vote, but I agree BTC and Satoshi. Keep it simple.

I would not want to use these 3 equally: µBTC / uBTC, bit, mBTC (was there even an option for people to vote all of those at the same time?)

Yes, voting against multiple units is possible.

KingOfTrolls

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Quote from: ab8989 on October 27, 2014, 05:29:37 AM

Maybe US is a place where people have not heard about SI prefixes for fractions. However where I come from the 'm' is in very common usage among ordinary people for small length measurements as in millimetres and small weight measurements as milligrams for example when buying medicine. I happen to look at a package of 600mg ibuprofen pills on my table.

This issue is not about SI or not SI. It's about using fractions or multiples.
People just don't want to own small fractions of something, they subconsciously hate it.

It's very frustrating to deal with "one millionth of something", it's much more comforting to use "thousands of something". Therefore "ksat" is much better than "µBTC".

Quote from: ab8989 on October 27, 2014, 05:29:37 AM

The most unfortunate thing for 'µ' is that it cannot be easily be written with an ordinary keyboard and 'µ' is one that is not that well known.

That's another reason to prefer "ksat" over "µBTC". Kiss

Quote from: SilenceDogreat on October 27, 2014, 03:13:21 AM

So the underlying question is "what unit should we switch to now", correct?
I'm a Bit hater for a few reasons...

[...]

If we drop "Coin" for less syllables, "centibit" or "millibit" are much better candidates.
"I just bought 100 millibits for 40 bucks!" ... "I just bought 100,000 bits for 40 bucks!" is a little excessive.

"hundred milli bits"

Five syllables.

"hundred thousand bits"

Five syllables.

"ten million sats"

Four syllables. Wink

ab8989

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FUTURE OF CRYPTO IS HERE!

Quote from: KingOfTrolls on October 27, 2014, 04:50:22 AM

The meaning of "k" is already understood by common people:

http://btc1k.com

The SI prefix "µ" (micro) in contrast, is a very nerdy, technical expression. It implies being something very small (as in "microscope"), and thus is subconsciously disliked by many people.

As a matter of fact, the human brain prefers to use multiples (like "k"), rather than fractions (like "µ").

I never used µBTC for precisely that reason, thus "keep using" is wrong wording anyway.

Occam's razor: "What is easier: Teaching the meaning of "µ" to common people, or using "k" instead, which is already understood by them?"

Maybe US is a place where people have not heard about SI prefixes for fractions. However where I come from the 'm' is in very common usage among ordinary people for small length measurements as in millimetres and small weight measurements as milligrams for example when buying medicine. I happen to look at a package of 600mg ibuprofen pills on my table.

The most unfortunate thing for 'µ' is that it cannot be easily be written with an ordinary keyboard and 'µ' is one that is not that well known.

ab8989

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FUTURE OF CRYPTO IS HERE!

'bit' is the most retarded choice as a name ever for anything.

It already has an established and extremely popular use with strong name recognition FOR SOMETHING ELSE. There is no chance it will ever work as a trademark or brand signifying anything else than whatever it already means in peoples heads.

We need some name that improves our brand recognition whenever we say the name and not diminishes our brand which is going to happen if we ever choose not to say the word bitcoin in any sentence where there is even half a chance to say the word bitcoin.

KingOfTrolls

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Quote from: Grand_Voyageur on October 27, 2014, 03:09:04 AM

Quote from: KingOfTrolls on October 27, 2014, 02:57:22 AM

Quote from: Waramp22 on October 26, 2014, 04:53:00 PM

The system is in need of a unit between the BTC and satoshi.

1000 sat = 1k sat = 1 ksat

Problem solved. Tongue

There is absolutely no need for 100-satoshi-sized units. 1000-satoshi-sized units (i.e. "ksat") are much more intuitive anyway.

If you are willing to use a 1 kSat you may keep using 10 uBTC. Have you heard about Occam's Razor lately?
Wink

The meaning of "k" is already understood by common people:

http://btc1k.com

The SI prefix "µ" (micro) in contrast, is a very nerdy, technical expression. It implies being something very small (as in "microscope"), and thus is subconsciously disliked by many people.

As a matter of fact, the human brain prefers to use multiples (like "k"), rather than fractions (like "µ").

I never used µBTC for precisely that reason, thus "keep using" is wrong wording anyway.

Occam's razor: "What is easier: Teaching the meaning of "µ" to common people, or using "k" instead, which is already understood by them?"

SilenceDogreat

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So the underlying question is "what unit should we switch to now", correct?
I'm a Bit hater for a few reasons...

1 - "Bits" would almost certainly be confused with "Bitcoins", because, why wouldn't they be?

2 - The name "Bit" + "Coin" was not chosen arbitrarily. Removing the "Coin" and terming them "Bits" seems to refer only to Binary Digits (and adds another layer of confusion... we should say 1 Bytecoin = .125 Bitcoins and really mess with 'em, huh?)

3 - At the current exchange rate, it seems an unnecessary leap to begin using the micro- metric (~ a fraction of a penny).

If we drop "Coin" for less syllables, "centibit" or "millibit" are much better candidates.
"I just bought 100 millibits for 40 bucks!" ... "I just bought 100,000 bits for 40 bucks!" is a little excessive.

Just my 2 centibits

Grand_Voyageur

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Quote from: KingOfTrolls on October 27, 2014, 02:57:22 AM

Quote from: Waramp22 on October 26, 2014, 04:53:00 PM

The system is in need of a unit between the BTC and satoshi.

1000 sat = 1k sat = 1 ksat

Problem solved. Tongue

There is absolutely no need for 100-satoshi-sized units. 1000-satoshi-sized units (i.e. "ksat") are much more intuitive anyway.

If you are willing to use a 1 kSat you may keep using 10 uBTC. Have you heard about Occam's Razor lately?
Wink

KingOfTrolls

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Quote from: Waramp22 on October 26, 2014, 04:53:00 PM

The system is in need of a unit between the BTC and satoshi.

1000 sat = 1k sat = 1 ksat

Problem solved. Tongue

There is absolutely no need for 100-satoshi-sized units. 1000-satoshi-sized units (i.e. "ksat") are much more intuitive anyway.

pooya87

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i'm ok with using all of those but for smaller amounts i preffer using satoshies instead of uBTC. it is easier for me but for bigger amounts i prefer BTC like 0.002 BTC

Velkro

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uBTC is way worse than others for me
mBTC sounds good, bits is ok, satoshi also ok

EternalWingsofGod

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Voted for the first option
Suprisingly a very high level of support against it
Although not sure if Mbtc and Ubtc were different measurements lol.

Grand_Voyageur

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Me too. I want to use BTC, mBTC, uBTC, period. I may also use satoshi due to honorific reasons. Fuck the bits!

bitbaby

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I don't ever want to use bits, I don't know why the use of it is being pushed so hard. I use btc, satoshi and mbtc, I don't see any reason to use any other units apart from these.

R2D221

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Quote from: Soros Shorts on October 26, 2014, 06:31:26 PM

Quote from: R2D221 on October 26, 2014, 06:24:31 PM

Usage of “bits = 100 satoshis” still gives me headaches.

And it follows that 800 satoshis = 1 byte

How many satoshis is 1 kilobyte? 800000? Or 819200?

Soros Shorts

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Quote from: R2D221 on October 26, 2014, 06:24:31 PM

Usage of “bits = 100 satoshis” still gives me headaches.

And it follows that 800 satoshis = 1 byte

marhjan

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Quote from: KIRAZ on October 26, 2014, 12:05:08 PM

Bitcoin and mbtc is only what i use. Learned mbtc while counting the chips in online poker games lol they all talk in mbtc there.

Most of the relevant (non-dice) gambling sites refer to chips/units as mbtc/btm (0.001btc). I will always consider 0.001btc as 1btm because of Dragon's Tale and Seals With Clubs. Btc, btm, and sat/ksat/satoshi are all we need

Topic: Which of these bitcoin units do you NOT want to use? - page 3. (Read 7248 times)