Post
Topic
Board Bitcoin Discussion
Re: mBTC: At what point should the community use this as the default unit?
by
DeathAndTaxes
on 09/04/2013, 21:50:52 UTC
A drink (as in my original post) now would cost around 0.0053 BTC (assuming $1.25 cost and $235 exchange rate).

Bitcoin use in Africa has been in the news lately. Are any Africans on the forum that can give us insight into how well-known SI prefixes are on that continent, especially in the poorer nations?

I could use a cold drink for a 5 mills right now.*


*To those who realize 5 mBTC is $1.17 not $1.25 it doesn't really matter.  Stores simply set prices where they are consumer friendly (hence lots of $0.49, $0.25, $0.99, etc).  If the store couldn't maintain their margin at 5 mBTC the drink would be 6 mBTC.  Given that 1 mBTC provides ~20 cent granularity not much reason to make it more complicated like 5.35 mBTC to ensure that the store collects the "full" $1.25 equivelent (a made up price anyways).