Re: Good news! Gavin Andresen: I think everybody should switch to talking in "bits"

Quote from: Waramp22 on October 22, 2014, 11:44:56 AM

Quote from: bitcoin_purist on October 22, 2014, 09:37:53 AM

Why switch to bits when there is already "satoshi" as a unit?

The reason he wants to switch to bits is because it allows us to drop the confusing decimal places.
example:
.000386 bitcoin - 386 bits

This simplifies things for the time being, and lets us use satoshis when we need to be even more specific
example: instead of .00038619 bitcoin it will be 386 bits and 19 satoshis (or sats)

This will help in the adoption of bitcoin as it has the same familiar layout that the USD has. Dollars and cents.

I am just wondering if we really need 2 Units(bits and satoshi). I am not sure, if "the USD also has 2 units and people are used to it" is really a good argument.

Quote from: p2pbucks on October 22, 2014, 10:19:28 AM

yes , gavin is right , if we want more ppl use bitcoin , the unit(1 bitcoin) might be too large for normal users .
satoshi (10^-8) is too small , so changing to bits sounds a good idea .

Are you sarcastic or do you really think, that 1 bit=0.00038183 USD is better than 1 Satoshi=0.0000038183 respectively 1 USD= 2,618.97 bits is better than 1 USD= 261,897 Satoshi?