Post
Topic
Board Bitcoin Discussion
Re: A proposal: Forget about mBTC and switch directly to uBTC (instead of satoshis)
by
Ferroh
on 21/11/2013, 09:11:18 UTC
So you want bitcoins for mathematicians only? Change the format when we are allegedly at the tipping point of mass adoption?

Gold costs $1400 an ounce. People live with that. Nobody changed the default way gold is represented.

Its a problem that doesn't need solving.

Gold was not used as currency at $1400 per ounce.

What happens when you want to price something that costs 0.000739 bitcoins? Writing 739 uB is a lot easier for the non-mathematician.

Many average users do not like the idea of spending $610 on one bitcoin, so this is a barrier to entry for the average joe.

A price of $0.61 for 1000 microbitcoins seems much more reasonable.

Also note that this thread is in response to this other thread that suggests satoshis as a base unit instead of microbitcoins: https://bitcointalk.org/index.php?topic=323776.0