Units - Bitcoin Wiki

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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1 mBTC (milli Bitcoin/0.001 BTC) is worth $11.73

Friendly reminder before it goes parabolic to $1000
submitted by fillet_b to Bitcoin [link] [comments]

1 mBTC (milli Bitcoin/0.001 BTC) is worth $11.73 (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Installez le navigateur CryptoTab et commencez à gagner de l'argent : vous obtenez de vrais milli-Bitcoins.

Installez le navigateur CryptoTab et commencez à gagner de l'argent : vous obtenez de vrais milli-Bitcoins. submitted by michelloisseau to u/michelloisseau [link] [comments]

Twitter poll: Should the Bitcoin ecosystem switch from displaying value in bitcoin to displaying value in milli-bitcoin (mBTC)? Currently $16,950.00 vs. proposed $16.95 per unit.

Twitter poll: Should the Bitcoin ecosystem switch from displaying value in bitcoin to displaying value in milli-bitcoin (mBTC)? Currently $16,950.00 vs. proposed $16.95 per unit. submitted by CoinCadence to Bitcoin [link] [comments]

Use of mBCH (milli Bitcoin Cash) for amounts in microtransactions. Opinions ?

For sites dealing almost exclusively in microtransactions (around 0.001 BCH) the use of mBCH (milli Bitcoin Cash) as the display currency does not seem particularly widespread (yet). So 0.0014 BCH would be displayed as 1.4 mBCH).
This is something of a convention with mBTC (milli Bitcoin) used for microtransaction sites with BTC.
Does this seem logical and natural enough, and an improvement over using just BCH when dealing exclusively with microtransactions ?
submitted by 8Bet to btc [link] [comments]

With 21 BILLION circulating tokens, each worth a dollar (milli-Bitcoins), Bitcoin is a TOY. With 21 TRILLION tokens (uBitcoins - or bits), each worth a dollar, Bitcoin is a CURRENCY. We can get to 32^2 = 1000x higher price, via merely 32x more transaction capacity - ie Satoshi's original 32MB blocks

AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")
https://np.reddit.com/btc/comments/5u72va/axablockstream_are_suppressing_bitcoin_price_at/
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimited
https://www.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
~ YouDoTheMath
submitted by ydtm to btc [link] [comments]

Blockchain Bitcoin Wallet Adds Support for Stellar (XLM), Launches Multi-Milli... #bitcoin #eth #fintech https://t.co/9STF1WezSv - Crypto Insider Info - Whales's

Posted at: November 8, 2018 at 11:08AM
By:
Blockchain Bitcoin Wallet Adds Support for Stellar (XLM), Launches Multi-Milli... #bitcoin #eth #fintech https://t.co/9STF1WezSv
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Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

Use of mBCH (milli Bitcoin Cash) for amounts in microtransactions. Opinions ?

Use of mBCH (milli Bitcoin Cash) for amounts in microtransactions. Opinions ? submitted by 8Bet to Bitcoincash [link] [comments]

Use of mBCH (milli Bitcoin Cash) for amounts in microtransactions. Opinions ? /r/btc

Use of mBCH (milli Bitcoin Cash) for amounts in microtransactions. Opinions ? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Does /u/changetip have any plans to move to bits instead of milli-bitcoins?

It looks like there's a strong consensus to make the standard unit of currency for general transactions to be measured in bits, where 1 bit = 100 satoshis. If that's ever going to become the default we need as many users as possible to start talking in bits.
So this is a public message to ask changetip if there's any interest in using bits for confirmation instead of the current milli-bitcoins?
submitted by 1BTCBook to Bitcoin [link] [comments]

Spin for a chance at 100 milli-Bitcoin (0.1 BTC) everyday! LuckyJack | Fortune Favors the Bold

submitted by litecoin-mcqueen to BitcoinGambling [link] [comments]

Twitter poll: Should the Bitcoin ecosystem switch from displaying value in bitcoin to displaying value in milli-bitcoin (mBTC)? Currently $16,950.00 vs. proposed $16.95 per unit.

Twitter poll: Should the Bitcoin ecosystem switch from displaying value in bitcoin to displaying value in milli-bitcoin (mBTC)? Currently $16,950.00 vs. proposed $16.95 per unit. submitted by BitcoinAllBot to BitcoinAll [link] [comments]

I going to be giving a couple of my friends some (milli)bitcoins.

NINJAEDIT: I meant I'm
Don't worry, I'm only doing it to those who are interested in it, but don't own any. What is the best way to give it to them? Paper wallet? Coinbase? Blockchain? Others?
I was inspired by DadFoundMyAccount
submitted by tf2manu994 to Bitcoin [link] [comments]

I just tipped the Superintendent of Financial Services for the State of New York, Ben Lawsky, his first ever milli-bitcoins. And you can tip (famous) people on Twitter, too - with @ChangeTip

I just tipped the Superintendent of Financial Services for the State of New York, Ben Lawsky, his first ever milli-bitcoins. And you can tip (famous) people on Twitter, too - with @ChangeTip submitted by coinwatcher to Bitcoin [link] [comments]

Does /u/changetip have any plans to move to uBits instead of milli-Bitcoins?

.
submitted by truios to Bitcoin [link] [comments]

Casascius should create physical milli-bitcoins.

submitted by ripper2345 to Bitcoin [link] [comments]

Transition to Milli & Micro Bitcoins. How?

It seems that reporting 1 BTC cost $950 or so on really holds Bitcoin back, in adoption even. Many people don't understand (that haven't used it yet) that you don't have to buy a whole coin, just value converted into it, etc from fiat. They don't know it is divisible up to 8 decimals, etc.
Should we start a large effort to get media and news to report price conversions and Bitcoin uses in the next level down now. Milli-bitcoins make the most sense now (1/1,000) units. As price then increases more with adoption the addition of Micro-Bitcoins then would make sense (1/1,000,000).
IMHO, this move would really bring down some barriers in many people's minds...
submitted by travwill to Bitcoin [link] [comments]

01-01 09:34 - 'Transition to Milli & Micro Bitcoins. How?' (self.Bitcoin) by /u/travwill removed from /r/Bitcoin within 4412-4417min

'''
It seems that reporting 1 BTC cost $950 or so on really holds Bitcoin back, in adoption even. Many people don't understand (that haven't used it yet) that you don't have to buy a whole coin, just value converted into it, etc from fiat. They don't know it is divisible up to 8 decimals, etc.
Should we start a large effort to get media and news to report price conversions and Bitcoin uses in the next level down now. Milli-bitcoins make the most sense now (1/1,000) units. As price then increases more with adoption the addition of Micro-Bitcoins then would make sense (1/1,000,000).
IMHO, this move would really bring down some barriers in many people's minds...
'''
Transition to Milli & Micro Bitcoins. How?
Go1dfish undelete link
unreddit undelete link
Author: travwill
submitted by removalbot to removalbot [link] [comments]

Ekonomi işte böyle düzelir (Efe Aydal)

Kardeşim bizim kendi yerli bilgisayarlarımız yok mu ? Bu yerli bilgisayarlarla bitcoin mining yapsak, Türkiye'de kaç tane yerli bilgisayarlar var bunlarla yerli ve milli bitcoin miningimizi yapcaz. Buralardan topladiğımiz paralarlada diş borcu ödüyecez. Bazı arkadaşlar yazmış harcadığımız elektriğin parasına değmez. Ya arkadaşım Doğu bizim değil mi? Gidersin Doğuya orada kaçak elektrik ile yaparsın bitcoin miningini.
Ya arkadaşım 80 Milyon insanız hepimiz bir Twitch kanalı açsak, Twitchten meme gösterme cezalı oyun yayını yapsak 1 günde dış borçları bitiririz. Kimse elini taşın altına koymuyor ki.
Bakın bizim Merkez Bankasında ne kadar paramız var kardeşim bu merkez bankasındaki paranın hepsiyle dolar alsak nolur dolar aniden yükselir, sonra şaaak satıcaksın 10 milyon şaaaaaak ondan sonra satacaksın bir 10 daha. Etti mi sana... Neyse işte hem dolar düşer hem aradaki farkla dış borçlarımızı kapatırız kardeşim. Herşeyi de biz mi söyleyelim artık ya.
Arkadaşım bu telefon operatörleri bizim değil mi? Bu telefon operatörleriyle Amerika'da kaç kişi var 300 milyon kişi var. Hepsini teker teker arayıp adıniz fetö ve pydye karıştı desek bize 1 milyon dolar vermezseniz sizi hapse aticaz desek. şaaaak 300 milyon kişi 1 milyondan iyi para allah bereket versin o parayla dış borçları kapatırız para bile artar.
Ya arkadaşım biz 80 milyon değil miyiz hepimiz bir böbreğini satsa ondan gelen parayla bi tane daha saray yaptırsak diş güçler ne der? Bak der bu adamların 2 tane sarayı var demek ki bunlara bulaşmaya değmez der ve borçlarımızı siler.
Arkadaşım bizim yerli bankamız yok mu. Söyleriz yerli bankalarımıza kendi kendilerini hackleyip o vadesiz hesabi ona katlarlar. Sonuçta sayı değil mi bu arkadaşım o rakamın sonuna bir sıfır koyacaksın.
Arkadaşım bizim 30 35 milyon tane yağız delikanlımız yok mu? Onların her biri avrupadan bi tane zengin dul bulsa. İyi para.
Arkadaşım bu süper lig bizim değil mi? Gideceksin yabancı sitelerden oynayacaksın galatasarayla mesela en alt sıralardaki bi takımın üstüne handikaplı bahis oynayacaksın. 5 handikaplı bahis oynayacaksın sonra o en alt sıralardaki takımı kazandırtcaksın şaaaaaaaaakkkkkkkkkkkkkkkkkkkk paran 30a 40 a katlancak. Merkez bankasındaki bütün parayı bastın mı. Yemin ederim dünya diz çöker boru falan beklememize gerek kalmaz.
Arkadaşım bu kitapçılar bizim değil mi? Orada bir sürü borçtan kurtulma duası satmıyolar mi? Onları alcaz 80 milyon ayni anda borçtan kurtulma duası okucaz.
Arkadaşım dilenciler bizim değil mi? Ne kadar dilenci varsa toplucaz. Sıraya dizcez. Sonra ne kadar çer çöp hurda varsa onları da arkaya dizcez. Sonra biz bu dilencilere para vericez. Biz para verince "allah ne muradınız varsa versin allah tuttuğunuzu altın etsin" diyince hemen o hurdaları tutucaz hepsini altına çevircek. Ondan sonra da o altınla da şaaaaaaaaaaaaaaaaaaaaaaaaaaaakkkkkkkkkkkkkkkkkkkkkkkkk napıcaktık ya? Ha 3. sarayı yapcaz. Hala daha yönetime suç buluyosunuz ya! Kardeşim insanlar dolarını satmıyolar napalım.
submitted by adolfdarwinmarx to kopyamakarna [link] [comments]

Who wants to help me test this fancy new 'Bit' tipping feature?

Leave a comment, get some Bits!
Okay folks, that's a wrap. Thanks for all your help, and remember to Tip It Forward!
Also, some of you may not have gotten your tips because I tipped my whole balance without realizing it. If you didn't get your tip, let me know.

We've been able to tip satoshis for a while now and that's been a lot of fun. After the recent movement to change Bitcoin's default unit to μBTC and just call them 'Bits', ChangeTip has added support for tipping Bits! Personally, I like uBits due to the lack of conflict with bits & bytes, so they added that too! It's up to the community to decide which they prefer. Soon, you'll be able to add 'mickeys' or 'bics' or whatever you want. More below.
0.000001 BTC = 0.001 mBTC = 1 μBTC = 1 uBit = 1 Bit = 100 satoshis
So what are you waiting for? Start tipping!
submitted by BashCo to Bitcoin [link] [comments]

It's bits

"Ok, I'll send you some bitcoin. How much was it?" "17 milli-bits" "Ok sent." "Hold up, you only sent me 17 micro-bits." "Did i? Hang on, i thought micro bits was the m?" "No the m is for milli-B-T-C, micro is mu-B-T-C." "mu?" "That little greek letter that looks like a u. u-B-T-C." "I don't have the letter mu on this phone." "Just use a u." "So i need to send you 17 milli-bitcoins?" "Well you've sent me 17 microbitcoins, so another 16,983." "So i need to send you 16,983 micro-" "Milli-, millii-bitcoins" "Yes, right. m is for milli not micro." "Right. It's easy, its just like in science class..." "I haven't been in a science class for 25 years....milli-bitcoin..." "1 thousanth of a bitcoin" "so..." "zero dot zero zero zero one bitcoins"
.
While SI units are great for people well versed in them, there is a very good reason people aren't asking for 100 micro dollars in change. The average person is not going to be confident that the prefix they are using is the correct one, people WILL send 1000x more or less than intended if we go down this road, and these mistakes will happen frequently.
.
Bitcoin needs one sub-unit max.
I am an advocate for the 'bit'. This is why:
The incongruity of using scientific notation with money.
Human psychology is powerful. Of the 6 or 7 people i have talked to about bitcoin, everyone of their initial reactions was along the lines of, "Wow, sounds interesting. Hang on, that's really expensive. That's for 1 bitcoin!? I couldn't afford that." Now even after you explain to them, hey you can buy 0.01 bitcoins, they are still in their initial mental frame, and the problem still remains: 0.01 bitcoin, is not a bitcoin.
What people need to understand is that the current solution of using mBTC or micro-bitcoin, does nothing to alleviate this psychologically. "Here's your micro bitcoins" "micro..bitcoins? I want bitcoins."
People are not going to be satisfied with the transaction because they are not getting what they want, they want what they heard about on the news, they want bitcoins.
Using bits DOES alleviate this problem.
Imagine someone completely unfamiliar with bitcoin, hearing about it for the first time. What is their reaction to these two sentences:
"I'm using a digital currency called bitcoins. I just bought 100 bits."
"I'm using a digital currency called bitcoins. I just bought 100 micro-bitcoins"
("Micro-bitcoins? Why didn't you buy some whole bitcoins? Do they suck balls? etc.")
Micro doesn't exactly have positive connotations when talking about an asset. There is congruence when asking to buy bitcoins and receiving bits. It's a natural progression, you start off with bitcoins, and if you chip little bits off of the bitcoins you get 'bits'. But they are one and the same. One is not lesser. It's ok little bitcoin. You are not micro.
.
We need to lose the sci-prefixes. No one wants your micro anything. People want cents and pennies, not micro dollars. We aren't in a lecture theatre, we're trying to buy class-A drugs, guns and morally questionable porn (i kid, i kid!).
The average person doesn't remember how many decimal places the conversion is to this or that unit, and i don't want a test in long division every time i try to buy some alpaca socks.
Almost as bad is it isn't even practical to use them in speech. They are too many syllables and they are similar sounding. You think people wont confuse microbitcoin and millibitcoin? One thousand five hundred micro-bitcoin is a linguistic nightmare.
Look i know scientific subunits are easy for you, i'm not saying it's Einstein hard, i'm saying it isn't practical for day to day use in a monetary system.
What is practical is a single conversion:
one bitcoin == 1 000 000 bits
That's it. Look at that. One conversion. And the main unit is a simple concatenation of its subunit 'bit' + 'coin'.
The only peice of information you need to know is that there are 1m bits in a bitcoin. Thats it. No letters. No conversions.
1mBTC = 1 000 bits 1uBTC = 1 bit
"But the numbers are too big!"
No they aren't. Humans used Italian Lira. Humans use Japanese Yen. With thousands exchanging hands for small purchases. It's easier for people to intuitively grasp 10,000 than 0.0001.
And if you are really shitting your pants over the zeros you can use K bits. still only 2 syllables, and K for 1000 is a unit that is already used when talking about money. Everyone knows $1k = $1,000 already, no extracurricular activities needed.
look at where it is on the page as a unit of measurement for 1000: http://www.thefreedictionary.com/K
compared with m as a measure for milli- : http://www.thefreedictionary.com/m
Confusingly m is also for 1000 in roman numerals, and even more confusing is that we already use m for million ie $1m.
It's a no brainer.
It's called bitcoin. We spend bits.
submitted by bitcoin_bits to Bitcoin [link] [comments]

Amerika Birleşik Devletleri Milli Gelir Hizmetleri (IRS), Monero (XMR) gibi izlenemeyeceği iddia edilen gizli koinleri kırabilen ve Bitcoin (BTC) Lightning Network üzerindeki işlemlerin izini sürebilen herkese 625.000$'a varan bir ödül teklif etti.

Amerika Birleşik Devletleri Milli Gelir Hizmetleri (IRS), Monero (XMR) gibi izlenemeyeceği iddia edilen gizli koinleri kırabilen ve Bitcoin (BTC) Lightning Network üzerindeki işlemlerin izini sürebilen herkese 625.000$'a varan bir ödül teklif etti. submitted by evrimben to kriptopara [link] [comments]

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A milli is the International System of Units (SI) prefix representing one thousandth (1/1000th). Contents. 1 Examples; 2 Criticism; 3 See Also; 4 References; Examples . One thousand millibits refers to 1 bitcoin or 1 BTC. Twenty seven millibits refers to 0.027 BTC. 1.375 BTC may be referred to as one bitcoin and three hundred seventy-five millibits, or in more common notation, simply one ... 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. Aus Bitcoin Wiki. Wechseln zu: Navigation, Suche. Abkürzung Aussprache Dezimal(BTC) Maximale Anzahl Bitcoins: 20,999,999.9769 MBTC megabitcoin 1,000,000 kBTC kilobitcoin 1,000 hBTC hectobitcoin 100 Initiale Block Vergütung 50 Aktuelle Block Vergütung 25 daBTC ... The Bitcoin dropped by 2.81% on Friday 23rd of October 2020. And we have data for yesterday. BTC price dropped by 2.81% between min. and max. value. The average value Bitcoin price for convert (or exchange rate) during the day was $12,948.82. Max. BTC price was $13,152.81. Min. Bitcoin value was $12,793.08. Don't be sad and watch the next day. Earn Bitcoin for clicks, views & tasks! Wincoins.today offers the perfect solution for advertisers to boost views/likes and sales at extremely reasonable conditions! And for internet-friendly users who like to earn bitcoin online, a fast and simple way to get paid for views, likes and subscriptions!

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