10 sats \ 0 replies \ @cryptofolyo 13 Feb \ on: Bitcoin-dev is now using Google Groups? bitcoin
not acceptable
How about branding millibit and microbit for now ?
1000 millibit = 1 Bitcoin
So if there is 1 Bitcoin in your account its 1000 millibit
So
millibit = 0.001 bitcoin
microbit = 0.000001 bitcoin
nanobit = 0.000000001 bitcoin so on and so forth
femtobit,
attobit,
zeptobit
yoctobit
As of now only millibit and may be microbit will be relevant
1 millibit approximately equal 4.3 USD
1 microbit will be 0.43 cents
2.32 microbit approximately equal 1 cent
232 microbit approximately equals 1 USD
Show Satoshi some Love and Respect
The apt name for the base unit is Satoshi
Some time in future - 1 Satoshi will give u a cup of tea.
i think its coming to suddely part immediately
like the meta stock melting up due to inflation
bitcoin also FOMO can kick start
- electrum need to be used only at the spending time
- the method described above the public key and the private key is generated offline
- whatever amount of bitcoin is kept in this account the private key never got connected with internet - it is only in the form of a printed paper
- private key is exposed to internet only when it needs to be spent
- useful to store higher value of bitcoin for a longer time span - for regular use other methods may be best
Means that multiple listed cryptos can be used in all these visa outlets - bullish for crypto adoption