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For retail to understand bitcoin, exchanges and wallets need to switch to millibit by default
The market cap of bitcoin is 1/10th of gold and yet the average person believes bitcoin is out of their reach and they cannot afford it. Most people here probably don't realise how almost every normie looks at the price and goes "I can't afford this" Telling people they can buy a fraction of a bitcoin is dumb. We don't tell people they can buy a fraction of gold. We use multiple units of measurement for everything else. We don't say 0.005 gram. We say 5 milligram. We need to normalize multiple units for bitcoin and the default unit should be millibit (0.001) 1 millibit is $84 USD at current price. It's a more manageable unit for the average person What's the current price of iPhone 16e? 0.007 bi... No, it costs 7 millibit! 0.01 - bitcent 0.001 - millibit 0.000001 - microbit 0.00000001 - satoshi submitted by /u/HealthyMolasses8199 [link] [comments]
The market cap of bitcoin is 1/10th of gold and yet the average person believes bitcoin is out of their reach and they cannot afford it.
Most people here probably don't realise how almost every normie looks at the price and goes "I can't afford this"
Telling people they can buy a fraction of a bitcoin is dumb. We don't tell people they can buy a fraction of gold. We use multiple units of measurement for everything else. We don't say 0.005 gram. We say 5 milligram.
We need to normalize multiple units for bitcoin and the default unit should be millibit (0.001)
1 millibit is $84 USD at current price. It's a more manageable unit for the average person
What's the current price of iPhone 16e? 0.007 bi... No, it costs 7 millibit!
0.01 - bitcent
0.001 - millibit
0.000001 - microbit
0.00000001 - satoshi
[link] [comments]
