Hacker News Reader

How is 300 cBTC more readable than 3 BTC?

Edit: anyway, more common units are mBTC for 1/1000, uBTC for 1/1,000,000 and "satoshi" which is the smallest division the protocol currently supports, 1/100,000,000. (Satoshi Nakamoto is the pseudonym used by the creator of bitcoin.)

View on HN

The point may have been that if BTC is the only unit, then most every-day things will cost something like .05 BTC, which doesn't seem all that intuitive (at least coming from a USD area).

Also remember that things started costing 5 cents until inflation ran those same items up to dollars.

If bitcoin ever takes off, its built-in deflation will run the problem in the other direction (making it even worse than it is now).

by just saying the word "bitcoins" here, I know this post will worth a million dollar somewhere in the future.

Reply on news.ycombinator.com