Cryptocurrency converter & calculator Bits/mBTC/satoshis ...

Bitcoin vs Satoshi: A different way to think

have a theory.. I am curious to get others opinions of it.

long story...
I was having a debate with a fellow crypto enthusiast like myself we did not see eye to eye.
I feel like the general public is having a hard time accepting the value of a bitcoin due to the fact of its unobtainability for most. People don't want to give up 100s to 1000s of one thing to get a fraction of another like bitcoin. They have grown up thinking a fraction of something is very little and not valueable but for Bitcoin it is not the case.
We all know that a Bitcoin can be broken down into something as small as a Satoshi.
Why not use this as the base measure instead of a Bitcoin which is the largest?

I feel people would be a lot more willing to accept using a currency when your talking about it in a whole value like Satoshi and not a fractional value like a Bitcoin. I think this is possibly why mass adoption really hasn't occurred. Why not buy/sell/exchange in Satoshi. Or even possibly come up with a name for something in between a Bitcoin and a satoshi

I believe a lot more people would be amenable spending $1 for 18000 satoshi (18ksat) or 18uBTC than for 0.00018 BTC
The link below you can play around with converting https://www.finder.com/satoshi-to-bitcoin-conversion-calculator

I believe it will be much more important to think like this when Bitcoin becomes $100,000 and more a coin. We need a more mass population acceptable unit of measure for bitcoin for an easier mass adoption
or maybe something like this could work
1 Satoshi = 1sat
10 Satoshi = 10sat
100 Satoshi = 100sat 1,000 Satoshi = 1ksat
10,000 Satoshi = 10ksat
100,000 Satoshi = 100ksat
1,000,000 Satoshi = 1Msat
10,000,000 Satoshi = 10Msat
100,000,000 Satoshi = 1BTC
or we could take out the fractions out of Bitcoin by doing it a similar way 0.00000001 bitcoin = 10 nBTC
0.00000010 bitcoin = 100 nBTC
0.00000100 bitcoin = 1 uBTC
0.00001000 bitcoin = 10 uBTC
0.00010000 bitcoin = 100 uBTC
0.00100000 bitcoin = 1 mBTC
0.01000000 bitcoin = 1 cBTC
0.10000000 bitcoin = 1 dBTC
1.00000000 bitcoin = 1 BTC
Long story short is we need a way to measure a unit of Bitcoin not as a fraction but as a whole number which the general public could much more easily accept.
Agree or disagree or how would be a good way to implement something ?
What are your thoughts, ideas or comments on this topic?
Edit 1BTC = # of Satoshi
submitted by pjman7 to Bitcoin [link] [comments]

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

We should switch to uBTC and be done with it (forever). Switch our clients, our exchanges, our store plugins, etc, to use uBTC by default.
submitted by sgtspike to Bitcoin [link] [comments]

I keep getting ChangeTip'd with BitCoin. I need help.

my ChangeTip wallet (https://www.changetip.com/)says I have U+0243 3,241.59 bits
This site (http://preev.com/) says that this is worth ~$700,000.
Is that real? I feel like I must be doing something incorrectly...
help?
submitted by SongAboutYourPost to GoldenRealm [link] [comments]

How to get free BCH, BTG, BTX, CLAM, SBTC, BCD, BTP and BTN and cash them out

*EDIT: a new version of this guide, multilingual and featuring a wallet checker (input your IP, see what you can fork and how much it is worth) is available at https://cryptodom.org *

Dear you all! I have been following closely the airdrops and especially the forks of the last month or so, and I am proud to announce I have just successfully claimed (&cashed) my BTF and my BTW. After claiming (&cashing), in order, BCH, BTG, BTX, CLAM, SBTC, BCD. Like most of you, if you are reading this, I am still looking for a solution for B2X, and I have also claimed but have so far been unable to cash out BTP and BTN.
*EDIT: Now created, transferred and cashed B2X, BTP and BTN - See EDIT at the end of the post
While doing all this, I did notice a couple of things: 1- It is extremely hard to find proper information about the forks (here’s a good starting point though: https://btcdiv.com/ ) 2- There are significant security risks involved with these procedures
I will try my best to try and explain you what I did, while also offering a service to do it for you for a fair fee if you still can’t do it/don’t feel safe doing it.
Here we go:
INTRO Before you start this, ask yourself a very important question: do I understand what I am doing? If the answer is YES, then you should have your private keys and you are good to skip the intro. Let me try to make this short and easy: you have some bitcoins, somewhere. In some cases you have direct access to the keys (LEDGER*, blockchain…), in other instances you don’t (crypto held on exchanges). If you DO have access to those keys, you need to do two extremely important things:
1- Write it down 2- Move your whole balance to another wallet/address
Please note that if you fail to implement number 2, any hacker claiming to “do this for you” will steal your bitcoins. As simple as that. No matter what you are claiming, taking the risk won’t be worth it, so MOVE YOUR BITCOINS from the address you stored the private keys of.
PART 1/a - CLAIMING - COINOMI (BCH, BTG, BTX, CLAM)
Please note: how much you can claim depends on how much was on the wallet you will be sweeping from at the time of the fork. Considering that the blockchain is free for everyone to explore, you can figure this out easily. In most cases, a blockchain explorer could help you know how much your keys are worth before you sweep them. Be aware that the maths are MORE OR LESS these: are you holding 5+ BTC since 2017 (the further the better)? Congrats, you are in for some real money. Conversely, if you have been holding <1 bitcoin you are probably just losing your time as whatever you’ll get won’t meet the thresholds for minimum transfers anyway (unless we are talking BTG and BCH, good luck with that).
Download COINOMI on your android (https://play.google.com/store/apps/details?id=com.coinomi.wallet) Open coinomi and set it up (create a wallet and write down details, thank yourself later) Now add BCH, BTG, BTX, CLAM as coins to your wallet and then claim them one by one in the same order To claim, go inside the coin’s screen and click the three dots on the top right of the page —> Sweep wallet (repeat for all coins)
PART 1/b - CLAIMING - BITHER (SBTC, BCD, BTF, BTW, BTP, BTN)
Download these two apps on your android: BITHER, BITPIE (https://play.google.com/store/apps/details?id=net.bither / https://play.google.com/store/apps/details?id=com.bitpie) Open and setup both apps (create a wallet and write down details, thank yourself later) Now open BITHER and click the settings icon (top right), then ADVANCED OPTIONS —> IMPORT PRIVATE KEY —> FROM PRIVATE KEY TEXT (Important; use the "FROM PRIVATE KEY TEXT" option, NOT the one with the BITHER key!) to claim, go ADVANCED OPTIONS —> GET FORK COINS and take it from there (your private keys should have been imported and should show you how much they have on them (SBTC, BCD, BTF, BTW, BTP, BTN) At this point, all you need to do is to tell BITHER to transfer the free coins to a corresponding BITPIE address
PART 1/c - CLAIMING - DIG WALLETING SERVICES (UNTESTED) (BCH,BTG,SBTC,BCD,BTF,UBTC,B2X,BCX) Today I also chanced upon a site ( https://bitcoinforks.io/ ) , which gives a nice picture of the forks. Apparently, they also have an automatic “digger” that charges 10% to transfer the forked coins to a (fork) wallet of your choice. I have tried to test with UTBC but it told me I had no coins, which might actually be true. Some users on bitcointalk report success, so feel free to try with small amounts and see if it works for you. Please note they take a commission on the CLAIMING part, while, at least to my understanding, COINOMI and BITHER do not (even though BITHER forces you to transfer to a BITPIE address).
PART 2 - CASHING OUT
If you got this far and you now have a balance in any of the coins above, you should immediately transfer the “real” coins (BCH/BTG) out to a reputable exchange/wallet (not that I do not trust Coinomi but you never know), and try to convert the rest to a proper coin before moving it in bulk to an address of your choice. Apart from Coinomi, this is where it gets tricky. A lot of those coins are only listed on some obscure Chinese exchanges and it’s hard to even understand what the value of the coin is since it varies widely from one to the other. Some of those coins MIGHT one day make it to a major exchange, granted, but personally I couldn’t wait to dump all of them (I regret doing so with BTX though). So I went through the whole verification/blind trust process required by the shady sites and… I got my free coins converted into actual BTC/LTC. On that note, it must be noted that not content with applying daylight robbery fees the exchanges also require a minimum amount for you to be able to withdraw (and a verification with ID in some cases). Here is what I did and how it went: I got accounts on GATE.IO - BIT-Z.COM - BTCTRADE.IM* and somewhat made my money get out of there and safely into my ledger. Would I recommend those exchanges? Well… Personally I have nothing but praise for GATE.IO and BIT-Z.COM - They accepted my transfers speedily and I could trade and withdraw easily - no verification needed. As for BTCTRADE.IM, it did require verification and is by far the slowest of them all, but since I got money out (in the end) I can’t complain for the time being.
Note: problems getting verified with btctrade.com? Read this : https://www.reddit.com/BitcoinAirdrops/comments/7qqxv4/guide_claiming_and_dumping_bitcoin_faith_btf_fo
PART 3 - DO YOU NEED HELP? Some of you will laugh at my deal, since they are smart, tech savvy and are running several nodes of all the existing forked chains from a computer in their basement, interacting with the exchanges via API only. However, I expect the vast majority of you to be able to arrive to part 2 but then get stuck at moving the money to the Chinese exchanges. Let me reiterate that they worked for me, so I’d generally recommend them. In case you do NOT want to try and get through that yourself, I would like to help! Here is how:
PM to get in touch Transfer the forked coins to my bitpie/btctrade/gate.io/coinex addresses Wait for me to receive, transfer to the exchange, change it into LTC/BTC/BCH and send it back to you, minus a fee**
Please note that some transfers take time, and this is independent of me. I will, however, send you all the transaction details as I do the operations so that you can track it yourself.
*QUICK REMINDERS: BTCTRADE.IM withdrawal fee: btc: 0.001 BCH: 0.001
BITPIE EXCHANGE: BTF/BTW need 120 confirmations to transfer from bitpie to the exchange (my first BTF transfer took nearly 32 hours, BTW took 20)- you will be able to monitor that from your own bitpie wallet and you can ping me when it hits the magic number.
GATE.IO and BIT-Z.COM are faster (10+ confirmations I think) so I should use them if possible (depending on coin deposit availability).
**FEES You can check the value of the coins on the exchanges to get a rough idea of how much your coins are worth - I will send you all the transactions anyway but please do your research. Sometimes coins have high value on exchanges where deposits are not accepted, for instance, and tend to drop sharply in value as soon as the gates are opened. Depending on how much I will be moving for you, these are my fees: 5% (>2000 USD worth) 10% (between 500 and 1999 USD worth) 50 USD (<500 USD worth)
Oh and one last thing… Why would you trust me? If nothing, for the simple reason that I honestly told you exactly HOW to get the forked money and through which exchanges I cashed it out. I simply wrote the post that I wish I had found when I started doing this, and I hope that some of you will be lazy enough to use me for the most complicated part of the deal, giving me something in the process. If I get nothing out of it, I will be fine and happy to have spread some knowledge anyway!
EDIT 1 - 12:48 GMT 25-01-2018
I have tried DIG WALLETING (affiliate link: https://dig.walleting.services/#/aff/o5YP75ALDORdaAbmrJJx NON affiliate link: https://dig.walleting.services/#) and they did a great job. The hard part, as usual, was to have a proper address to transfer them to. Anyway... Now claimed and cashed UBTC as well as B2X (btctrade.im & exrates.me respectively - thanks #hniball)
Bither & Bitpie opened the exchange (on Bitpie). The process is a bit convoluted and you need to transfer the money in and out of the "pie bank" in order to dump. Prices are tanking fast and it takes hours to even transfer the money. Astronomical fees, but it worked and I cashed out BTP and BTF in BCH. Fun fact: I thought I had 5k USD in BTP (according to the BITPIE wallet). They eventually turned out to be 0.05 BCH (Thanks, BITPIE exchange). Reality check...
Given what I know now, I'd advise to use DIG WALLETING to send the forkcoins directly to my BITPIE addresses if you want me to do it for you (or send me the seed once you have emptied the wallet, that would work too). But, as usual, you are more than welcome to do it on your own.
IF I HELPED YOU, YOU CAN TIP ME HERE:
•BTC tip jar: 1BEAADXCk3ng2ZRsinHmwVyZQf1Vu9AcDj
•LTC tip jar: LYT1sbotLuUtU5v5r9uEu61xoGpJ1s4aau
EDIT 2 - 01:21 GMT 5-03-2018
Here is more explanations about the forks: A cryptoforker's guide to free money
submitted by crytposhadow to BitcoinAirdrops [link] [comments]

Low bitcoin price? MOAR DOGE!

Hello shibes, I'm a long time miner and lurker, and I only just registered.
Remember 12:00 2014-02-10: the day bitcoins were worth less than 400 euros. I just purchased one and I'm going to convert it to doges.
I've been idle for too long, mining and a little trading, reading /dogecoin. No more! This will be my charity & tipping wallet. The love must spread!
submitted by Shibetastic to dogecoin [link] [comments]

Bitcoin notation: Do you personally prefer BTC or MBTC?

A web app I'm developing frequently displays bitcoin-denominated amounts and accepts the same as input from the user. Although internally my code, database, etc. deal with everything in Satoshi-terms, I'm trying to reach some conclusions regarding the denomination users prefer when reading and entering Bitcoin amounts.
My research turned up this article:
https://steemit.com/bitcoin/@jshii/a-review-of-where-we-are-with-bitcoin-units
...which indicates that the most popular denominations are Bitcoin (1 BTC) and Bit (uBTC 0.000001 BTC).
I, on the other hand, was originally leaning toward Millibit (mBTC, .001 BTC). At the time I began working on the app, the BTC/USD rate was around $1,000 so I figured 1 mBTC, worth about $1 at that time, might be the easiest denomination for a new user to mentally grasp. But now I'm starting to have my doubts.
My options are:
(1) Just give the user the ability to choose his preferred denomination. The programming wouldn't be too difficult. My only concern here is that the app entails two parties agreeing on a price, perhaps in an embedded chat room, perhaps offline, and I feel like having multiple quoting conventions could be asking for trouble.
(2) Use BTC: I really like this idea because it's the quoting convention I use for all of my internal business. But for whatever reason, it appears users aren't fond of typing and reading small decimalized values (1.23456789 BTC). This is an objection that kind of caught me off guard. (Many of my users will be new to Bitcoin.)
(3) Use mBTC: This was my original plan. Articles like the one above seem to indicate people prefer uBTC, although to be honest, I had never heard of that denomination until reading the article nor have I seen it used anywhere.
What's your personal preference? When you see a site quoting values in Bitcoin, do you mentally convert it to mBTC or uBTC in your head because that's your preferred common denominator? Or are you more comfortable seeing everything in BTC and just learn to live with the long-form decimalization? Would you, as a user, be irritated if a site expressed everything in BTC, but only displayed values to five significant digits (no precision would be lost in the code/database. It would purely be a display convention) ?
submitted by festus_wingbam to Bitcoin [link] [comments]

BTC to USD

Hello! I am very confused on how to convert Bitcoins to USD. So let's say that a bitcoin is worth $128.00126 (which it is at the time of writing). I want to know
How many uBTC = $1 USD, and How many mBTC = $1 USD
Thanks, have a nice day!
submitted by AzureNinja99 to Bitcoin [link] [comments]

DOGE small denomination units

Not sure if this has been discussed at length already, but for those that are aware of Bitcoin and those that are unaware.. I thought this might be worth a post.
Using Great Grandpa Bitcoin as an example, each whole Bitcoin can be broken down into 8 decimal places making 100,000,000 pieces (0.00000001 x 100,000,000 = 1). Each 0.00000001 is called 1 Satoshi (named after the creator of Bitcoin). Satoshis are not commonly used as a unit, but often referred to.
Due to the huge increase in Bitcoin value, many merchants and traders have started using middle-ground denomination units uBTC and mBTC. 1uBTC = 0.000001BTC 1mBTC = 0.001BTC
Has there been any consensus drawn on the name for small denominations of DOGE? Given that we're on track to the moon, and as the value of Dogecoin increases - transactions are inevitably going to be performed in smaller and smaller denominations.
Dogecoin can be broken down into the same number of denominations, and while the cap is much larger with DOGE we will eventually be dealing with fractions of a Dogecoin.
I know that Dogecoin is the friendly currency, which to me - means that silly math denominations like uDOGE and mDOGE are :
 such complication wow very math so confuse 
What is the harm in naming our lowest unit? So that we don't have to do silly math to work out the full DOGE value of each transaction and don't have the stress of worrying that we've not converted properly, etc.
Does any one have any ideas as to what this can be named, if it hasn't already?
I like the idea of using the developer names, as at the end of the day - they are the creators that deserve the tribute. However, if I said that I had a cajillion Jacksons to my name, someone might think I was just a massive Michael Jackson fan, or there was a new alt coin.
How about 0.00000001 DOGE = 1 Shibe?
Therefore 1 DOGE = One Hundred Million Shibes
Thoughts?
TLDR: 1 Satoshi is to Bitcoin as 1 ???? is to Dogecoin
submitted by teddylogic to dogecoin [link] [comments]

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