3 ms·

Given the price of BTC, can we start talking about bitcoins in a more readable unit? Like... an iPhone costs 300cBTC? centibitcoins? or 30dBTC 30 decibitcoins?

• sp332 13y ago
  How is 300 cBTC more readable than 3 BTC? Edit: anyway, more common units are mBTC for 1/1000, uBTC for 1/1,000,000 and "satoshi" which is the smallest division the protocol currently supports, 1/100,000,000. (Satoshi Nakamoto is the pseudonym used by the creator of bitcoin.)
  • obviouslygreen 13y ago
    The point may have been that if BTC is the only unit, then most every-day things will cost something like .05 BTC, which doesn't seem all that intuitive (at least coming from a USD area).
    • nick2021 13y ago
      Also remember that things started costing 5 cents until inflation ran those same items up to dollars.
      • sp332 13y ago
        If bitcoin ever takes off, its built-in deflation will run the problem in the other direction (making it even worse than it is now).
      • leishulang 13y ago
        by just saying the word "bitcoins" here, I know this post will worth a million dollar somewhere in the future.