Post
Topic
Board Bitcoin Discussion
Re: we need to stop using bitcoin and start using...
by
Xester
on 21/05/2017, 11:43:53 UTC
... satoshi instead (click-bait master)  Cool

today someone came to me saying how he was regretting not listening to me and investing in bitcoin. apparently he checked the price this morning Cheesy
and he continued that now it is too late since he can not buy 1 whole bitcoin.

i had to sit him down and have the "talk" with him about all the 8 more zeros that come after the 1 whole bitcoin and the fact that he can choose (almost) any of them and put a number and buy there.

that is why i think it is time to start using the smaller units for bitcoin more often.

i myself prefer Satoshi over all. but there are a lot of them.

most popular:
mBTC= 0.00100000BTC
uBTC=bits= 0.00000100BTC
satoshi=0.00000001BTC

more here: https://en.bitcoin.it/wiki/Units

I do also prefer using satoshi since the conversion is very easy and it is not hard to compute. And aside from that when the time comes that bitcoins value is at 100 million dollars then we will not have a hard time to compute and convert how much dollars is equivalent to 1 bitcoin. Satoshi is very efficient compared to other computations.