Quote from: empoweoqwj on December 07, 2013, 04:22:26 AM

Quote from: Sparky_eMunie on December 07, 2013, 01:55:17 AM

I think the switch to mBTC contributed to the BTC price crash.

I think the switch is confusing, unnecessary, and stupid. Most people aren't good at maths. They've heard of bitcoin, heard the price is going up and up, and then go to a site displaying the (m)btc price and see "$0.80 per mBTC'.

Any switch to mBTC should have been (a) agreed by the community and (b) implemented with an education program.

This adhoc approach where some sites switch and others don't just leads to confusion.

Whether it contributed to the crash in the last 24 hrs or it was pure coincidence, who knows. What I do know is I don't believe in coincidence Wink

I also know that the bitcoin price was still doing great at "over $1000 a coin", people were still buying ........ mBTC is a damaging solution. to a non-existent problem.

when bitcoin is $10,000/per, and someone tries to divide up $10 worth of bitcoins.. they are gonna have trouble. like you said, they are not good at maths. and i strongly doubt it contributed to the crash. that being said, i don't really care if we use mBTC or BTC or not.