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mBTC is better than uBTC, and here's why.

So much upvote on a this new thread called "uBTC is better than mBTC, and here's why."
http://www.reddit.com/Bitcoin/comments/1rfg6u/ubtc_is_better_than_mbtc_and_heres_why/
mBTC = 0,001 BTC uBTC = 0,000001 BTC
For now and probably for the rest of the time it's will be a terrible mistake to switch to uBTC subvalues and here is why.
There is i think more argument in favor of mBTC but i just don't understand why we are talking about uBTC right now ? Did mtgox reach high time all to 1,000,000$ / BTC and i'm finally rich or what ? yaaaaay..
mBTC is fine, it's just will be perfect at 1000$ with dollars parity, and will be still fine at 10,000$ and more.
We need to have something comparable to other currency in the world, for many obv reasons... mBTC we need it so bad.
submitted by Mangizz to Bitcoin [link] [comments]

A case for the microbitcoin (uBTC) satobitcoin (sBTC).

Everyday, there are dozens of post being made about how we need to stop referring to whole Bitcoins and begin using the millibitcoin (mBTC) or microbitcoin (uBTC) as the new standard denomination. Within all of these discussions, you generally have a handful of people advising that we skip past all of them and go straight into using the Satoshi as the new standard unit.
Right now, we are on the verge of the millibitcoin reaching parity with the US Dollar. While this will be unquestionably convenient for BTC accepting merchants, the fact remains that at this point, barely any of these merchants are pegging their prices to the Bitcoin, but are instead using USD, EUR, etc and letting the payment processor do the conversion based on the current exchange rate. Therefore, by this logic, it makes little difference what the merchants decide, since they are most likely using Bitcoin has a cheap form of payment processing.
The question we should all be asking ourselves is how high do we expect the Bitcoin market cap to climb, before we reach a point of stability, and how long do we anticipate it will take for us to get there. The honest truth is, that none of us can definitively answer this. However, let's assume that Bitcoin has enough growing room to achieve a $100B market cap by sometime in the year 2015. At this point, one Bitcoin will be valued at approximately $6,666.67 USD, which would mean that the millibitcoin will have reached $6.67, whereas the microbit will have yet to reach parity with the US cent. Now, if you are looking at this from an American mindset, you are probably thinking, "Gee! mBTC's are awesome! The market will have to increase another ten fold before we will even need to start considering using anything else." The honest truth is that you are probably right. However, we Americans usually have a hard time accounting the fact that we only make up about 5% of the World's population. Let's see how the uBTC stacks up to a few currencies that are within markets that have potential to deliver serious growth to the Bitcoin economy.
At a $100B USD Marketcap (current exchange rates) 1 uBTC would be the equivalent to
.09 Mexican Pesos
.02 Brazilian Reals
.42 Indian Rupees
.02 Israeli New Shequel
.58 Kenyan Shillings
As you can see, compared to other global currencies, the uBTC does not seem nearly as small as it does for us in the US. Now, let's take this to an extreme hypothetical. Let's assume that one day Bitcoin reaches a total market cap of $1 Trillion USD. At this point, the uBTC will be knocking on nearly a .07 USD valuation, and will have surpassed parity of some of the currencies listed above.
So what is the right answer? Truth is, there isn't one. The preferred choice of BTC denominations should be a regional decision, and not a global one. I do know that while a $1 Trillion market cap is within the realm of possibility, I do not see it happening by 2015, then again, I could be incredibly wrong. What does need to happen I believe is that developers need to design their products and services, such as wallets and exchanges to be as modular as possible for each individual user, and possibly set the defaults based on wherever the service or application is being used.
Furthermore, you'll notice that I referred to the Satoshi as a satobitcoin (sBTC). Why? Well, let's be real. Does anyone honestly think that a "satoshi" is going to be widely accepted around the globe if Bitcoin grows to the level that we are all hoping that it does. My money is on no. It's a nice gesture, but I just cannot see it being widely adopted in the long run. Nanobitcoins have a nice ring to them, but that would require Bitcoins to be broken down to the ninth decimal place, rather than the eighth that Satoshi originally intended. I personally think that the "satobit" has a much better sounding ring to it, is much less jarring and still pays tribute to Bitcoin's originator.
Bitcoin, centibitcoin, millibitcoin, microbitcoin, satobitcoin
submitted by brcreeker to Bitcoin [link] [comments]

How To Convert Your Bitcoin To Cash FAST Using Coinbase ... Bitcoin Money: How to Convert Bitcoins to Dollars - Part 2 ... How To Exchange Your TBC to BITCOIN 2020 - YouTube How to Convert or transfer ZAR Rands into USD Dollars into ... Bitcoin Money: How to Convert Bitcoins to Dollars - Part 1

UBTC [United Bitcoin] USD [US Dollar] 0.01 United Bitcoin = 0.005173 US Dollar: 0.1 United Bitcoin = 0.051730 US Dollar: 1 United Bitcoin = 0.517298 US Dollar: 2 United Bitcoin = 1.034596 US Dollar: 3 United Bitcoin = 1.551895 US Dollar: 5 United Bitcoin = 2.586491 US Dollar: 10 United Bitcoin = 5.172982 US Dollar : 20 United Bitcoin = 10.345965 US Dollar: 50 United Bitcoin = 25.864912 US ... Instant free online tool for BTC to USD conversion or vice versa. The BTC [Bitcoin] to USD [United States Dollar] conversion table and conversion steps are also listed. Also, explore tools to convert BTC or USD to other currency units or learn more about currency conversions. Microbit (uBTC(BTC)) US Dollar (USD) Conversion Table. uBTC(BTC) (Microbit) USD (US Dollar) 1 uBTC(BTC) 0.01199995 USD: 10 uBTC(BTC) 0.11999950 USD: 100 uBTC(BTC) 1.19999500 USD: 1,000 uBTC(BTC) 11.9999500 USD : 10,000 uBTC(BTC) 120 USD: 100,000 uBTC(BTC) 1,200 USD: 1,000,000 uBTC(BTC) 12,000 USD: 10,000,000 uBTC(BTC) 120,000 USD: 100,000,000 uBTC(BTC) 1,199,995 USD: News. The Bitcoin ... This Bitcoin and United States Dollar convertor is up to date with exchange rates from October 25, 2020. Enter the amount to be converted in the box to the left of Bitcoin. Use "Swap currencies" to make United States Dollar the default currency. Click on United States Dollars or Bitcoins to convert between that currency and all other currencies. Bitcoin Calculator. The CoinDesk Bitcoin Calculator tool allows you to convert any amount to and from bitcoin (up to six decimal places) and your preferred world currencies, with conversion rates ...

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