Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Gox just touched 1.2 USD/mBTC...

no it didn't. Also stop with dumb mBTC. We don't say google costs 1mUSD.

EDIT: Now it did.

I prefer mBTC... now we're passed it $1,203/BTC, $1.203/mBTC.

Its nice that you prefer it, but the thread title is BTC/USD. If you want to talk in small digits then go play with LTC.

Bitcoin is moving into big boys territory now so just deal with it.

So by that token, if I ask about the value of gold to the dollar, I mean the collective USD cost of every single ounce of gold on the planet? "BTC/USD" doesn't imply the quantity of BTC or the unit in which you're dealing. "1 mBTC" is still a BTC value.

Quote from: JimboToronto on December 04, 2013, 12:55:30 PM

Quote from: KieranJones1 on December 04, 2013, 12:42:45 PM

If and when a satoshi comes close to parity with the dollar, I'll be an advocate of switching to satoshis

I don't think most of the world really cares about dollars.

I certainly don't; I'm from the UK. However, since the BTC/USD rate is pretty much the entire focus of the speculation side of bitcoin, and the only way I've ever seen "non-tech" people comprehend its value, I think it's just the most convenient currency to use in this case. I guarantee there'll be nothing like the celebration there was for 1BTC:1000USD when 1BTC hits £1000, or 1000 of any other currency you like.