Post
Topic
Board Bitcoin Discussion
Re: A logo for Satoshis, the smallest unit of a bitcoin.
by
hatshepsut93
on 20/07/2019, 19:46:36 UTC
It is way too early to be denominating paymetns in satoshi units.  Wait until bitcoin is worth $1million or so so it makes more sense.  Right now the best thing to use is mBTC for the sake of simplicity.  

Disagree. mBTC, bits or whatever is just asking for people to be placing the wrong decimal somewhere and ruining themselves. I still get stumped by stuff priced in mBTC

There's BTC. There's Satoshis. Anything in the middle adds confusion and will eventually be abandoned in favour of Satoshis anyway. Much better to go straight from one to the other.

Disagree. Dealing with too much leading or trailing zeros is much more error-prone than using other units. mBTC is currently the most convenient unit for general purposes, because it's roughly equal to $10. Electrum uses it by default, and I don't see many people complaining about it. I don't like the name "bits" because it's not very descriptive so I prefer to call them micro-bitcoin (μBTC).

I really hope that there will be a good consensus in Bitcoin community about units, we already have to deal with Americans and their Freedom Units™  in real world.