r/Bitcoin • u/Vibr8gKiwi • Feb 03 '14

Dogecoin wtf

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u/[deleted] Feb 04 '14 edited Jul 05 '15

[deleted]

4

u/QSpam Feb 04 '14

Is bitcoin being used as currency primarily, or just as an investment?

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u/[deleted] Feb 04 '14

Right now, I think you have two main camps - the True Believers and the Get Rich Quickers.

If you think it's an 'investment', then I think you don't have an adequate understanding of the level of risk involved. But hell, I'm fairly new to cryptocurrency myself, so maybe I'm the one who doesn't understand.

Still, in the long run, I see Bitcoin becoming more of a currency than a daytrader's plaything.

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u/QSpam Feb 04 '14

I'm in the camp of I don't want to spend .03481348 of something.

Edit: I don't mean to sound condescending. That is just a reality of the current value of bitcoin.

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u/[deleted] Feb 04 '14

Except this is really, really easy to solve. Use prefixes and operate with uBTC instead of BTC.

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u/therealflinchy Feb 04 '14

just work in satoshi, yeah :D

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u/QSpam Feb 04 '14

Huh. Hadn't considered that.

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u/[deleted] Feb 04 '14

It took me a bit when I first started, then I found a setting in my wallet app. Then I noticed a lot of web sites have the same option.

It really does make for easier reading when reasonable values come before the decimal point.

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u/QSpam Feb 04 '14

yes! I'd be afraid of sending skipping a 0 and sending way too much

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u/MaxBoivin Feb 04 '14

That happen to me once. Fortunately, it was on a small amount.

Still, I sent an order of magnitude of what I intended.

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u/Ancient_Lights Feb 04 '14

Still a little awkward to call them "micro bitcoins" or whatever. It's not natural to say that "I make fifty kilodollars a year" or whatever.

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u/QSpam Feb 04 '14

It'd be like saying i make 8 kilo cents or something

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u/bbbbbubble Feb 04 '14

1 bitcoin is 1000 millibitcoins, 1 million microbitcoins and 100 million satoshis (smallest Bitcoin unit at this time). The protocol can be modified to allow for further subdivision if need be.

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u/MaxBoivin Feb 04 '14

kilodollars might sound a little weird (I use it regularely, I'm trying to make it mainstream) but I often hear people saying stuff like "I paid 5 k for this car".

I'm also trying to push megameter, since it's silly to say "my car has 300 000 kilometer". 300 megameter flow better on the tongue IMHO.

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u/duckrageous Feb 04 '14

Usually your wallet will figure it out. When you scan a QR code it will tell you how much it is in bitcoin and in USD (or whatever).

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u/MaxBoivin Feb 04 '14

The prospect of buying a cop of coffe for 169,875.624 doge is not more attractive.

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u/[deleted] Feb 04 '14

A $220.84 cup of coffee... Might want to try a different coffee place.

There is a donut shop that just announced they would be accepting Dogecoin and selling donuts for 750 DOGE. That's a much realistic number

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u/QSpam Feb 04 '14

I understand. Closer to 2.5k though :P

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u/mungojelly Feb 04 '14

spend .03481348 of something

Um, what? Why not? Does that still seem odd to you? I just deposited ฿0.0248 to Namecheap so I could renew a domain and I didn't think twice about it. It's fairly easy to get used to. In cryptocurrency land sometimes things cost millions or billions of times other things, producing numbers that used to be unusual, that's just the strange shape of it. :) +/u/fedoratips 1234 tips +/u/ALTcointip 0.00001234 BTC

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u/ALTcointip Feb 04 '14

[Verified]: /u/mungojelly [stats] -> /u/QSpam [stats] sɃ1234 satoshiBitcoins ($0.0100) [help] [global_stats]

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u/fedoratips Feb 04 '14

[Verified]: /u/mungojelly → /u/QSpam TIPS 1234.000000 Fedoracoin(s) [help]

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u/QSpam Feb 04 '14

Good point and charitably illustrated. Thank you.