https://nostr.ae https://nostr.ae/npub1vhv758wuu8tjqg2ncwhypvs7dlg5t9q50x80zpskez6uc3sld9fq0rh6y8 https://nostr.ae/nevent1qqsdzvk4l6ezuuul8x6snq0c0dsl523yvxrdj6vt005gz6y93ld5qtqzypjan6samnsawgpp20p6us9jrehaz3v5z3ucaugxzmyttnzxra54ywjgv2h In reply to <a href='/nevent1qqsfj7q6teyt39vjcv5tg4m38umj7qk4uglk4h903kyxasrvhp3dvwg7yzsph'>nevent1q…zsph</a><br/>_________________________<br/><br/>📅 Original date posted:2014-04-20<br/>📝 Original message:The usefulness of a &#34;bitcoin&#34; unit will decrease as the value of the<br/>network increases. Today, a majority of transactions are denominated<br/>in fractions of a bitcoin. As a consequence, millibitcoin (mBTC) and<br/>microbitcoin (uBTC) units have been introduced to alleviate the<br/>decimal problem.<br/><br/>While SI units are great for people well versed in them, there is a<br/>very good reason people aren&#39;t asking for 100 micro dollars in change.<br/>The average person is not going to be confident that the prefix they<br/>are using is the correct one, people WILL send 1000x more or less than<br/>intended if we go down this road, and these mistakes will happen<br/>frequently. Labeling should be easy enough for kindergarten kids.<br/><br/>I propose that users are offered a preference to denominate the<br/>Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)<br/>equals one million bits (bits) and one bit equals 100 satoshis.<br/><br/>For a user discussion on the topic see:<br/><a href="http://www.reddit.com/r/Bitcoin/comments/23flcn/bits_instead_of_%CE%BCbtc/">http://www.reddit.com/r/Bitcoin/comments/23flcn/bits_instead_of_%CE%BCbtc/</a><br/><a href="http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/">http://www.reddit.com/r/Bitcoin/comments/1rmto3/its_bits/</a> 2023-06-07T15:18:53Z