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people have suggested mBTC or "millibits". I think it's not something that can be mandated. A new terminology will naturally arise if the need is genuine.
by user24 13y ago
people have suggested mBTC or "millibits".
I think it's not something that can be mandated. A new terminology will naturally arise if the need is genuine.
- netcan 13y agoI don't think it'll be needed until/unless bitcoin stablises enough that people start quoting prices in bitcoin. Right now, advertising a computer at 3 bitcoins is not practical. The value of those bitcoins change to fast.
- user24 13y ago> Right now, advertising a computer at 3 bitcoins is not practical. Only if you're seeing the "real" value as the USD. No-one says "$100 is meaningless because its conversion to Thai Baht varies so wildly". The only thing that will kill bitcoin is stability without utility.
- lmm 13y ago> No-one says "$100 is meaningless because its conversion to Thai Baht varies so wildly". I would, if I lived in Thailand. I wouldn't quote prices in dollars. Sure, what really matters is how well bitcoin price is correlated with food, labour etc. - things you actually need. But those are pretty closely correlated with USD in practice, and bitcoin is not well correlated with them.