Post
Topic
Board Bitcoin Discussion
Re: Start Using mBTC as Standard Denomination?
by
SgtSpike
on 31/05/2013, 18:21:00 UTC
I voted Yes, but I should have voted this option:

Switch to XBT. An XBT is 100 satoshi (or 1/1,000,000 BTC). This allows us to have $21,000,000,000,000 units of the base unit of currency, and an exchange rate much less threatening to newcomers.

I like the idea of allowing for more price growth in Bitcoin, and also complying with international standards for having only two decimal places of fractionality.

This makes sense.
I mean think about it.  Who WOULDN'T want to jump on the Bitcoin gravy train if you could buy a share for $0.00012 that is predicted to be worth $54/ea by Bloomberg?  Heck, who wouldn't immediately buy 100,000 shares of the stuff, as a "just in case" hedge?