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    Author Topic: When will this happen?  (Read 2438 times)

    • nakowa (OP)
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    July 11, 2011, 01:36:19 AM
     #1
    When will this happen? -- Standard BTC unit become 0.1 or even 0.01 rather than 1?

    Now that 1 BTC is equivalent to around $15, using 1 BTC as regular base makes it sort of extravagant to spend BTC.

    What do you think? Are there names for 0.1BTC, 0.01BTC?

  • Bitman_Begins
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    July 11, 2011, 01:42:23 AM
     #2
    1 BTC is not $15... more like $15-20, we're in a lul right now.

    I guess the simple answer is when the value goes up by 1 factor or 10?, then 2 factors of 10?....

    I doubt it will ever happen, in the near future at least, but maybe in the distant future if this thing lasts a long time??...don't forget, that many of the 21M BTC to be produced will be lost due to computer crashes...
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  • error
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    July 11, 2011, 01:42:53 AM
     #3
    mBTC and µBTC are the most likely. I expect them to start being used after the BTCUSD price exceeds $271.82 and $271,828.18 respectively.

    And there are several threads about this already.
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  • Vod
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    July 11, 2011, 02:12:07 AM
     #4
    Quote from: nakowa on July 11, 2011, 01:36:19 AM
    What do you think? Are there names for 0.1BTC, 0.01BTC?

    The universal measuring system is metric, so 0.1 is a decicoin, 0.01 is a centicoin, 0.001 is a millicoin etc.
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  • silverchair
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    July 11, 2011, 03:03:42 AM
     #5
    Quote from: Jafm on July 11, 2011, 02:12:07 AM
    Quote from: nakowa on July 11, 2011, 01:36:19 AM
    What do you think? Are there names for 0.1BTC, 0.01BTC?

    The universal measuring system is metric, so 0.1 is a decicoin, 0.01 is a centicoin, 0.001 is a millicoin etc.

    I would prefer this one. Roll Eyes
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  • Jaime Frontero
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    July 11, 2011, 04:23:27 AM
     #6
    Quote from: silverchair on July 11, 2011, 03:03:42 AM
    Quote from: Jafm on July 11, 2011, 02:12:07 AM
    Quote from: nakowa on July 11, 2011, 01:36:19 AM
    What do you think? Are there names for 0.1BTC, 0.01BTC?

    The universal measuring system is metric, so 0.1 is a decicoin, 0.01 is a centicoin, 0.001 is a millicoin etc.

    I would prefer this one. Roll Eyes

    i'm an american.

    with the obvious addition of the satoshi, i would prefer this too.

    we seem to have had some difficulties with mars orbits...

  • Quantus
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    July 11, 2011, 04:31:30 AM
     #7
    Maybe they don't need names but colors to be associated with.

    "On sale for only 25BTC" could mean .25 or .0025

    Just an idea

    you could start to see people post prices like only .002155
    (I am a 1MB block supporter who thinks all users should be using Full-Node clients)
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  • wolftaur
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    July 11, 2011, 04:34:20 AM
     #8
    Quote from: Quantus on July 11, 2011, 04:31:30 AM
    Maybe they don't need names but colors to be associated with.

    "On sale for only 25BTC" could mean .25 or .0025

    Just an idea

    And guarantee that Bitcoins can't be used by any entity that must comply with the Americans with Disabilities Act, or other-country equivalents...

    And, as a partially blind Bitcoin user I oppose any such scheme entirely.
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  • Vod
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    July 11, 2011, 04:36:22 AM
     #9
    Quote from: Jaime Frontero on July 11, 2011, 04:23:27 AM
    i'm an american.

    Sorry, I guess I should have said universal except for the United States.   Cool
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  • silverchair
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    July 11, 2011, 04:45:58 AM
     #10
    No worries mate  Grin
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  • Jaime Frontero
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    July 11, 2011, 05:03:10 AM
     #11
    Quote from: Jafm on July 11, 2011, 04:36:22 AM
    Quote from: Jaime Frontero on July 11, 2011, 04:23:27 AM
    i'm an american.

    Sorry, I guess I should have said universal except for the United States.   Cool

    that's ok.  i'm used to it.  i should be.

    oh hey!  did you know that adam and eve rode to the corner convenience store on the back of a dinosaur?

    yeah.  i'm used to it...

  • mellowhead
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    July 11, 2011, 05:12:59 AM
     #12
    Quote from: Jafm on July 11, 2011, 04:36:22 AM
    Quote from: Jaime Frontero on July 11, 2011, 04:23:27 AM
    i'm an american.

    Sorry, I guess I should have said universal except for the United States.   Cool

    Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept....

    I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system.
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  • Jaime Frontero
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    July 11, 2011, 05:20:59 AM
     #13
    Quote from: mellowhead on July 11, 2011, 05:12:59 AM
    Quote from: Jafm on July 11, 2011, 04:36:22 AM
    Quote from: Jaime Frontero on July 11, 2011, 04:23:27 AM
    i'm an american.

    Sorry, I guess I should have said universal except for the United States.   Cool

    Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept....

    I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system.

    i'm completely bewildered by that.

    not a goddamn clue.

  • Vod
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    July 11, 2011, 05:21:29 AM
     #14
    Quote from: mellowhead on July 11, 2011, 05:12:59 AM
    Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept....

    I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system.

    The USA is the only country not using the metric system.

    I don't think Americans are opposed to it - they are just taught a different system.
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  • error
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    July 11, 2011, 05:22:07 AM
     #15
    Quote from: mellowhead on July 11, 2011, 05:12:59 AM
    Quote from: Jafm on July 11, 2011, 04:36:22 AM
    Quote from: Jaime Frontero on July 11, 2011, 04:23:27 AM
    i'm an american.

    Sorry, I guess I should have said universal except for the United States.   Cool

    Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept....

    I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system.

    I'm certainly not opposed to the metric system. But I also know that there is a stack of patchwork government regulations which mandate Imperial measurements (sometimes, along with metric).
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  • mellowhead
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    July 11, 2011, 05:32:35 AM
     #16
    Quote from: error on July 11, 2011, 05:22:07 AM
    Quote from: mellowhead on July 11, 2011, 05:12:59 AM
    Quote from: Jafm on July 11, 2011, 04:36:22 AM
    Quote from: Jaime Frontero on July 11, 2011, 04:23:27 AM
    i'm an american.

    Sorry, I guess I should have said universal except for the United States.   Cool

    Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept....

    I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system.

    I'm certainly not opposed to the metric system. But I also know that there is a stack of patchwork government regulations which mandate Imperial measurements (sometimes, along with metric).

    I do of course realize that there are a ton of legacy rules and regulations with regards to SAE in America, and that it would not be an overnight change. But it would likely make for a lot less work and confusion for some people who must deal with both systems for their job or whatever.
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  • Jaime Frontero
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    July 11, 2011, 05:34:07 AM
     #17
    Quote from: error on July 11, 2011, 05:22:07 AM
    Quote from: mellowhead on July 11, 2011, 05:12:59 AM
    Quote from: Jafm on July 11, 2011, 04:36:22 AM
    Quote from: Jaime Frontero on July 11, 2011, 04:23:27 AM
    i'm an american.

    Sorry, I guess I should have said universal except for the United States.   Cool

    Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept....

    I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system.

    I'm certainly not opposed to the metric system. But I also know that there is a stack of patchwork government regulations which mandate Imperial measurements (sometimes, along with metric).

    in the US, the metric system has been mandated since 1866 in the legal and commercial spheres:

    http://ts.nist.gov/WeightsAndMeasures/Metric/upload/HR-596-Metric-Law-1866.pdf

    [PDF ALERT]

    i note that since NASA booted a mars landing, they've used metric exclusively.  since 2007.  not counting the odd, existing spacecraft put together with imperial wrenches.

    i hate imperial measurement.  i stopped thinking in it when i got my degree in physics, and i simply can't understand why it still exists.

    feet, fer chrissakes:  real goddamn FEET!  and some bizarre number of grains of wheat to the inch.  shit.  my head hurts...

  • mellowhead
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    July 11, 2011, 05:39:35 AM
     #18
    Yah, physics and imperial measurement just don't mix. I learned that years ago in high school physics. As soon as my teacher explained the difference between weight and mass, it made total sense.
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  • mellowhead
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    July 11, 2011, 05:40:46 AM
     #19
    BTW, sorry for getting this thread so off topic!  Cheesy
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  • pilardi
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    July 11, 2011, 05:46:22 AM
     #20
    Quote from: Jafm on July 11, 2011, 05:21:29 AM
    Quote from: mellowhead on July 11, 2011, 05:12:59 AM
    Why are so many americans opposed to the metric system? The only primary numbering system taught in schools is base-10, so it's not like it's some weird foreign concept....

    I mean no offense, I've just never discussed it before. And USA is one of only a handful of countries not using the metric system.

    The USA is the only country not using the metric system.

    I don't think Americans are opposed to it - they are just taught a different system.


    That is false for two reasons.  The US does use the metric system for many things.  It is taught in school and used by all scientists and most engineers.  It's even used for some consumer products, though not very often.

    Secondly, other countries use a strange mix of metric and imperial as well.  Namely England.  England uses miles per hours for road signs and stones for weight.  Yes, I watch Top Gear. Smiley
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