Quote from: Plankowner on June 21, 2014, 02:55:06 AM

Quote from: electerium on June 21, 2014, 02:45:12 AM

Quote from: Plankowner on June 21, 2014, 01:58:36 AM

Ok 1 bitcoin @ current USD $585.00, you are losing $58.50 USD using this (.000001 or bit) idea, If you don't understand this, then may the force be with you.

This is flat out wrong and a lie.

Please enlighten me with an intellegent rebuttal. I'm sorry buddy, I know the truth hurts. We are not going away anytime soon!!

I will try one more time to explain this to you using your own example. I have lined up the decimal points so maybe you can see what everyone is talking about. Forget the idea of naming the microbitcoin "one bit". Let's see if you can understand this much because this post contains nothing new or controversial. In your example 1 bitcoin = $585.00. Therefore:

Code:

1 bitcoin = 1.00000000 BTC = $585.00
1 millibitcoin = 0.00100000 BTC = $0.585
1 microbitcoin = 0.00000100 BTC = $0.000585
1 satoshi = 0.00000001 BTC = $0.00000585

Does that make sense to you now? I am still at a loss as to why very simple math upsets you so much. Now given this post above and just forget that a few people want to possibly create a shorthand name for the microbitcoin, please explain how anyone would lose anything whether they do transactions in bitcoins, millibitcoins, microbitcoins or satoshis.