Post
Topic
Board Bitcoin Discussion
Re: Which of these bitcoin units do you NOT want to use?
by
franky1
on 30/10/2014, 11:28:44 UTC
i laugh at these crap polls.

as it is rather funny that there are over a dozen polls where people are trying very effort they can to denounce bits, yet if you check many many websites people are beginning to buy domains with bits in the name and not mbtc or ubtc..

take for instance
would you rather see a logo that says 'bitpay' or 'mbitpay'
would you rather see a logo that says 'bitstamp' or 'mbitstamp'
would you rather see a logo that says 'bitme' or 'mbitme'

i can name many many more websites with bit in the name but cant see any with ubit or mbit... thus its easy to see which direction merchants are choosing, as oppose to 'users' dramatic cries

top-down (micro/milli) only really works for a couple decimals. but the bottom up(satoshi/bits) works for smaller fractions of a bitcoin, which is more future proofing.

the whole point is not to say that when people start using bits measures, that 'bitcoin' wont be used ever again. the point is that instead of saying microbitcoins, we give names to multiples of satoshi's and they all work side by side

take for instance dollars.
no one uses deci dollars for the name of 10cents.

infact they used 'disme' at first with was latin and then shortened to dime later on for more of a relaxed and easier way to say it. so eventually mbit and ubit will be shortened out also to something 'common man' will use.

so instead of the confusion of the different between u and m.. purely for future proofs sake the measurement will be the metric of ubit.. (100 sat) and the common name will (by already viewing the use of) be bits.