Post
Topic
Board Bitcoin Discussion
Re: 1,000,000 bits = 1 bitcoin. Future-proofing Bitcoin for common usage? VOTE
by
teukon
on 07/05/2014, 12:16:06 UTC
From the poll it looks like there is a pretty strong consensus. But in the mockup in the OP there are too many digits. 10023.04 Bits ? This is 10 kiloBit for me.

Or "10 mills".  If we're going to use SI prefixes anyway, why bother changing from bitcoin to "bit" at all?

For those recommending anything else you are not thinking about the people who make up the total potential bitcoin market.

A common false dichotomy: Either you support "bit" or you want all prices to look like ".000123".

When a business designs a product/service they design it to the needs and expectations of their target consumers/segments.

Ok...so the people have spoken.  Most people like bits better than mBTC and uBTC which is way too nerdy.

HOW DO WE VOTE THIS INTO IMPLEMENTATION?

Fortunately, Bitcoin is neither a business nor a democracy.

Perhaps we could start a big BTC fund, and when it gets to a certain point we pay off the major wallet and exchanges to implement bits.  Eventually it will reach critical mass and will grow organically.

That's more like it.