Hi guys,
Thanks for this.
So when I say bits, I mean bits, not a bit coin.
So when a site says I'm making bits & not satoshis, I should concentrate on those more than the satoshis sites?
B/c 60.00 bits is only one penny, so WTH is 60 satoshis? 1/2 a penny? LOL
Indeed, I find the use of "bits" to be very confusing and obnoxious, yet a few people persist in doing so. When you see "bits" you have to think uBTC (micro-BTC) or 100 Satoshis. You are absolutely correct that bits is not a bitcoin and if you want to be a good person, don't use "bits" say "uBTC" or "Satoshis" instead.