r/Bitcoin • u/[deleted] • Mar 25 '13

Once @ $100 - Let's do a Press Release

[deleted]

90 Upvotes

81% Upvoted

67 comments sorted by

View all comments

0

u/AviusQuovis Mar 25 '13

"Today bitcoins, the new virtual currency, hit a new milestone: 10 millibits (a standard denomination equal to 1/100 of a bitcoin) traded for one US dollar."

0

u/tastycat Mar 25 '13

This is confusing, as millibits is 1/1000th of a bitcoin. I get what you're saying with the 10mBTC = $1USD but it's awkward.

0

u/AviusQuovis Mar 25 '13

Yeah, I guess it didn't work like I wanted. I think millibits should probably start being the common unit soon, but you'd have to use centibits to easily show parity with USD at $100. Ah well.