Another vote in support of uBTC. I made my position clear in May of last year. Since then, Dogecoin has essentially PROVEN the psychological value of a low-valued large-balance currency.

(From: https://bitcointalk.org/index.php?topic=220322.msg2334059#msg2334059)

"The whole unit change seems so disruptive and difficult to coordinate now -- do we really want to have to deal with another one later when there are way more people to try to coordinate? I really think we should look to the endgame and figure out where we want to be.

"I'd propose moving to uB (micro-bitcoin = 1e-6) as the standard unit now and forever. For now, it can be referred to as uB or uBTC, but over time, once it's ubiquitous, it should just be called a bitcoin. Because the smallest unit is the satoshi (1e-8), this means uB-denominated prices would get 2 decimal places maximum, which is the most that any consumer wants to deal with anyway.

"At the same time, I'd propose inverting the exchange rate, so instead of quoting uB/USD = .00013, it would be quoted as USD/uB = 7692. This is exactly the same way Yen are quoted relative to USD (USDJPY = 100.66), and is also the same way other private virtual currencies such as WoW gold are quoted."





On Thu, Mar 13, 2014 at 11:29 AM, Mike Hearn <mike@plan99.net> wrote:
You would only need to change it if there was a sub-satoshi hardfork, which doesn't seem necessary anytime soon.

+

We shouldn't make any assumptions about the future price of bitcoin to make the decision.

Hmmm ;) Didn't you just make an assumption about the future price?
 
This sounds very US-centric to me. Aren't you thinking in usd?

The currencies I'm familiar with are CHF, USD, EUR and GBP, which all have roughly similar values. I guess such currencies make up the bulk of the Bitcoin userbase at the moment.
 
"People seem to like mBTC" is just an ad populum fallacy: millions of
flies can actually be wrong. Also you haven't showed them micros,
maybe they like it too.

Saying "it's already popular and would take work to change" is not really a fallacy now, is it?

But anyway, this is getting silly. You don't have to convince me. Go visit all the services I listed above, plus all the ones I didn't find in my five minutes of searching, and convince them they're wrong like the flies and switching is the best use of their time :o 

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