1 uBTC(BTC) to USD (Microbit to US Dollar) convert ...

A case for the microbitcoin (uBTC) satobitcoin (sBTC).

Everyday, there are dozens of post being made about how we need to stop referring to whole Bitcoins and begin using the millibitcoin (mBTC) or microbitcoin (uBTC) as the new standard denomination. Within all of these discussions, you generally have a handful of people advising that we skip past all of them and go straight into using the Satoshi as the new standard unit.
Right now, we are on the verge of the millibitcoin reaching parity with the US Dollar. While this will be unquestionably convenient for BTC accepting merchants, the fact remains that at this point, barely any of these merchants are pegging their prices to the Bitcoin, but are instead using USD, EUR, etc and letting the payment processor do the conversion based on the current exchange rate. Therefore, by this logic, it makes little difference what the merchants decide, since they are most likely using Bitcoin has a cheap form of payment processing.
The question we should all be asking ourselves is how high do we expect the Bitcoin market cap to climb, before we reach a point of stability, and how long do we anticipate it will take for us to get there. The honest truth is, that none of us can definitively answer this. However, let's assume that Bitcoin has enough growing room to achieve a $100B market cap by sometime in the year 2015. At this point, one Bitcoin will be valued at approximately $6,666.67 USD, which would mean that the millibitcoin will have reached $6.67, whereas the microbit will have yet to reach parity with the US cent. Now, if you are looking at this from an American mindset, you are probably thinking, "Gee! mBTC's are awesome! The market will have to increase another ten fold before we will even need to start considering using anything else." The honest truth is that you are probably right. However, we Americans usually have a hard time accounting the fact that we only make up about 5% of the World's population. Let's see how the uBTC stacks up to a few currencies that are within markets that have potential to deliver serious growth to the Bitcoin economy.
At a $100B USD Marketcap (current exchange rates) 1 uBTC would be the equivalent to
.09 Mexican Pesos
.02 Brazilian Reals
.42 Indian Rupees
.02 Israeli New Shequel
.58 Kenyan Shillings
As you can see, compared to other global currencies, the uBTC does not seem nearly as small as it does for us in the US. Now, let's take this to an extreme hypothetical. Let's assume that one day Bitcoin reaches a total market cap of $1 Trillion USD. At this point, the uBTC will be knocking on nearly a .07 USD valuation, and will have surpassed parity of some of the currencies listed above.
So what is the right answer? Truth is, there isn't one. The preferred choice of BTC denominations should be a regional decision, and not a global one. I do know that while a $1 Trillion market cap is within the realm of possibility, I do not see it happening by 2015, then again, I could be incredibly wrong. What does need to happen I believe is that developers need to design their products and services, such as wallets and exchanges to be as modular as possible for each individual user, and possibly set the defaults based on wherever the service or application is being used.
Furthermore, you'll notice that I referred to the Satoshi as a satobitcoin (sBTC). Why? Well, let's be real. Does anyone honestly think that a "satoshi" is going to be widely accepted around the globe if Bitcoin grows to the level that we are all hoping that it does. My money is on no. It's a nice gesture, but I just cannot see it being widely adopted in the long run. Nanobitcoins have a nice ring to them, but that would require Bitcoins to be broken down to the ninth decimal place, rather than the eighth that Satoshi originally intended. I personally think that the "satobit" has a much better sounding ring to it, is much less jarring and still pays tribute to Bitcoin's originator.
Bitcoin, centibitcoin, millibitcoin, microbitcoin, satobitcoin
submitted by brcreeker to Bitcoin [link] [comments]

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Bitcoin (BTC) Currency Exchange Rate Conversion Calculator This currency convertor is up to date with exchange rates from October 25, 2020. Enter the amount to be converted in the box to the left of the currency and press the "convert" button. Microbit (uBTC(BTC)) US Dollar (USD) Conversion Table. uBTC(BTC) (Microbit) USD (US Dollar) 1 uBTC(BTC) 0.01199995 USD: 10 uBTC(BTC) 0.11999950 USD: 100 uBTC(BTC) 1.19999500 USD: 1,000 uBTC(BTC) 11.9999500 USD : 10,000 uBTC(BTC) 120 USD: 100,000 uBTC(BTC) 1,200 USD: 1,000,000 uBTC(BTC) 12,000 USD: 10,000,000 uBTC(BTC) 120,000 USD: 100,000,000 uBTC(BTC) 1,199,995 USD: News. The Bitcoin ... 1 PROC to UBTC - We are providing ProCurrency to UBTC converter tool with real-time online exchange rate calculator. How much United Bitcoin (UBTC) is 1 ProCurrency (PROC)? Exchange Rate by DigitalCoinPrice.com 1 TCOIN to UBTC - We are providing T-coin to UBTC converter tool with real-time online exchange rate calculator. How much United Bitcoin (UBTC) is 1 T-coin (TCOIN)? Exchange Rate by DigitalCoinPrice.com Microbit (uBTC(BTC)) Eurozone Euro (EUR) Conversion Table. uBTC(BTC) (Microbit) EUR (Eurozone Euro) 1 uBTC(BTC) 0.00969389 EUR: 10 uBTC(BTC) 0.09693890 EUR: 100 uBTC(BTC) 0.96938900 EUR: 1,000 uBTC(BTC) 9.6938900 EUR : 10,000 uBTC(BTC) 96.9389000 EUR: 100,000 uBTC(BTC) 969 EUR: 1,000,000 uBTC(BTC) 9,694 EUR: 10,000,000 uBTC(BTC) 96,939 EUR: 100,000,000 uBTC(BTC) 969,389 EUR: News. The Bitcoin ...

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