1 mBTC to BTC (Milibit to Bitcoin) convert, exchange rate
Bitcoin vs Satoshi: A different way to think
have a theory.. I am curious to get others opinions of it. long story... I was having a debate with a fellow crypto enthusiast like myself we did not see eye to eye. I feel like the general public is having a hard time accepting the value of a bitcoin due to the fact of its unobtainability for most. People don't want to give up 100s to 1000s of one thing to get a fraction of another like bitcoin. They have grown up thinking a fraction of something is very little and not valueable but for Bitcoin it is not the case. We all know that a Bitcoin can be broken down into something as small as a Satoshi. Why not use this as the base measure instead of a Bitcoin which is the largest? I feel people would be a lot more willing to accept using a currency when your talking about it in a whole value like Satoshi and not a fractional value like a Bitcoin. I think this is possibly why mass adoption really hasn't occurred. Why not buy/sell/exchange in Satoshi. Or even possibly come up with a name for something in between a Bitcoin and a satoshi I believe a lot more people would be amenable spending $1 for 18000 satoshi (18ksat) or 18uBTC than for 0.00018 BTC The link below you can play around with converting https://www.finder.com/satoshi-to-bitcoin-conversion-calculator I believe it will be much more important to think like this when Bitcoin becomes $100,000 and more a coin. We need a more mass population acceptable unit of measure for bitcoin for an easier mass adoption or maybe something like this could work 1 Satoshi = 1sat 10 Satoshi = 10sat 100 Satoshi = 100sat 1,000 Satoshi = 1ksat 10,000 Satoshi = 10ksat 100,000 Satoshi = 100ksat 1,000,000 Satoshi = 1Msat 10,000,000 Satoshi = 10Msat 100,000,000 Satoshi = 1BTC or we could take out the fractions out of Bitcoin by doing it a similar way 0.00000001 bitcoin = 10 nBTC 0.00000010 bitcoin = 100 nBTC 0.00000100 bitcoin = 1 uBTC 0.00001000 bitcoin = 10 uBTC 0.00010000 bitcoin = 100 uBTC 0.00100000 bitcoin = 1 mBTC 0.01000000 bitcoin = 1 cBTC 0.10000000 bitcoin = 1 dBTC 1.00000000 bitcoin = 1 BTC Long story short is we need a way to measure a unit of Bitcoin not as a fraction but as a whole number which the general public could much more easily accept. Agree or disagree or how would be a good way to implement something ? What are your thoughts, ideas or comments on this topic? Edit 1BTC = # of Satoshi
We should switch to uBTC and be done with it (forever). Switch our clients, our exchanges, our store plugins, etc, to use uBTC by default.
It would give Bitcoin two remaining decimal places, which is what people are already familiar with, and would be much more compatible with existing financial software.
One uBTC is worth enough that it wouldn't be too cumbersome at this point to use. Buying something for $25 would be sending 31,255 uBTC.
The conversion is easy too - just remember 1 million. You multiply or divide by one million to convert between current BTC and uBTC.
We would only have to switch main denominations once, whereas a change to mBTC only helps us with the current price. If the value of BTC continues to go up, we'll find ourselves in the same situation of having a main denomination that is too valuable.
Finally, it would give enough room for BTC to grow however large and valuable it could possibly grow. Even if everyone in the world used bitcoin, uBTC + 2 decimal places would be enough to provide all the precision we would need.
Bitcoin notation: Do you personally prefer BTC or MBTC?
A web app I'm developing frequently displays bitcoin-denominated amounts and accepts the same as input from the user. Although internally my code, database, etc. deal with everything in Satoshi-terms, I'm trying to reach some conclusions regarding the denomination users prefer when reading and entering Bitcoin amounts. My research turned up this article: https://steemit.com/bitcoin/@jshii/a-review-of-where-we-are-with-bitcoin-units ...which indicates that the most popular denominations are Bitcoin (1 BTC) and Bit (uBTC 0.000001 BTC). I, on the other hand, was originally leaning toward Millibit (mBTC, .001 BTC). At the time I began working on the app, the BTC/USD rate was around $1,000 so I figured 1 mBTC, worth about $1 at that time, might be the easiest denomination for a new user to mentally grasp. But now I'm starting to have my doubts. My options are: (1) Just give the user the ability to choose his preferred denomination. The programming wouldn't be too difficult. My only concern here is that the app entails two parties agreeing on a price, perhaps in an embedded chat room, perhaps offline, and I feel like having multiple quoting conventions could be asking for trouble. (2) Use BTC: I really like this idea because it's the quoting convention I use for all of my internal business. But for whatever reason, it appears users aren't fond of typing and reading small decimalized values (1.23456789 BTC). This is an objection that kind of caught me off guard. (Many of my users will be new to Bitcoin.) (3) Use mBTC: This was my original plan. Articles like the one above seem to indicate people prefer uBTC, although to be honest, I had never heard of that denomination until reading the article nor have I seen it used anywhere. What's your personal preference? When you see a site quoting values in Bitcoin, do you mentally convert it to mBTC or uBTC in your head because that's your preferred common denominator? Or are you more comfortable seeing everything in BTC and just learn to live with the long-form decimalization? Would you, as a user, be irritated if a site expressed everything in BTC, but only displayed values to five significant digits (no precision would be lost in the code/database. It would purely be a display convention) ?
Hello! I am very confused on how to convert Bitcoins to USD. So let's say that a bitcoin is worth $128.00126 (which it is at the time of writing). I want to know How many uBTC = $1 USD, and How many mBTC = $1 USD Thanks, have a nice day!
Die Bitcoin-Einheiten. 1 Bitcoin hat acht Nachkommastellen. Das allein macht die Umrechnung von BTC-Beträgen in Euro nicht besonders leicht. Hinzu kommt, dass Bitcoin bei einem aktuellen Preis von rund Array Euro so hoch ist, dass kleinere Beträge wie zum Beispiel 20 € nur sehr schwer in BTC umgerechnet werden können. The Bitcoin Converter Began with BTC and mBTC. I noticed that several people found my original Bitcoin Converter when searching for a way to convert from mBTC to BTC and BTC to USD. While this is an extremely simple Bitcoin conversion, I figured I'd create this BTC converter just in case someone really wanted it. So, here it is, my BTC and mBTC (and now, bits and Satoshis and USD and EUR and ... UBTC [United Bitcoin] BTC [Bitcoin] 0.01 United Bitcoin = 0.000000477 Bitcoin: 0.1 United Bitcoin = 0.000005 Bitcoin: 1 United Bitcoin = 0.000048 Bitcoin: 2 United Bitcoin = 0.000095 Bitcoin: 3 United Bitcoin = 0.000143 Bitcoin: 5 United Bitcoin = 0.000239 Bitcoin: 10 United Bitcoin = 0.000477 Bitcoin: 20 United Bitcoin = 0.000954 Bitcoin: 50 ... An online calculator : Bitcoin (BTC) to Satoshi Converter. 394 views · View 2. What is the difference between BTC, mBTC, Bit, uBTC and Satoshi? 6,409 Views. Tunde Aderemi Ibrahim, popularly known as TundeBuremo is the Chief Executive Officer (CEO) of LoadNG Automated Systems, a Nigeria-based cryptocurrency company expanding its reach in Nigeria and other. […] Satoshi Bitcoin Converter The Satoshi Times Blog Wrestling around in Bitcoin unitsespecially the smaller units of mBTC uBTC satoshi) can be confounding. 001 EUR to BTC Currency Converter. So If we have to create a Direct Satoshi Converter. News and information about Bitcoin. Bitcoin Converter BTC mBTC Bits Satoshi to AUD CAD EURO GBP USD I noticed that several people found my original Bitcoin ...
[Hindi] mbtc Vs kbtc Vs ubtc Which Has More Value?
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