Post
Topic
Board Bitcoin Discussion
Re: Good news! Gavin Andresen: I think everybody should switch to talking in "bits"
by
pawel7777
on 22/10/2014, 12:34:08 UTC

Roll Eyes 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?

Agree. If the goal is to make bitcoin easier for the masses to use it (especially new people), than 'bit' doesn't really do the trick. More intuitive would be something close (in value) to $1, therefore 1mBTC (BTC0.001) makes more sense.