Wednesday 1 November 2017

Isn't it about time we standardized mBTC as the official unit of Bitcoin?


It's been 1/2 year since 1 BTC has never gone below $1,000. As of this writing it is around $6,300.I think all Bitcoin holders want the prices to go up, and a massive hike would happen if mass adoption were to take place but I feel that the end result of this massive rally in the past year is not helping too many people to jump into the market.With the value of 1 BTC now hitting thousands of dollars, I think 1 BTC being $6,000 is a massive psychological barriers for ordinary people. Many people do not even know that 1 BTC can be in smaller units and they tell me that they don't have $6,000 to invest.By making mBTC the standard unit in exchanges, two things could happen.If 1 BTC is at $6,000, 1 mBTC is $6. Psychological barriers will be significantly lower for cryptocurrency beginners to enter the market.It also educates people that 1 BTC is not the smallest unit of Bitcoin.Units of Bitcoin: http://bit.ly/2ym6hjx] I made a Change.org petition: http://bit.ly/2lEG9dF via /r/Bitcoin http://bit.ly/2ylKrws

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