Posts about mBTC
Please correct me if I'm wrong.
Wrapped BTC is available on ETH/BSC/Polygon/etc.
Buying/selling mBTC doesn't affect the price of BTC, and it is not real BTC anyway.
I love Mirror Protocol, but would really like to hold real BTC (not synthetic) on the Terra chain.
Terra should incentivize bridging wrapped BTC to the Terra chain, like Algofi is doing for Algorand.
It would also enable BTC/mBTC LPs that would allow earning APY on BTC without lending out to shorters or incurring serious risk of Impermanent Loss.
I'm very surprised I can't buy BTC on terraswap.
I might also be wrong, in which case please point me to where I can buy BTC in the Terra ecosystem.
Happy Birthday Kuya Kristian and Happy Halloween din po salamat po sa pagpasaya saamin tuwing upload mo. Thank you po dahil kahit inaaway ka ni youtube ay mas pinili mo kaming mga chikoy 💜 We love you po kyah sana po nagustuhan niyo fanart ko kuya di po kasi ako marunong mag drawing MBTC po kuya 💜
1 mBTC is one millibitcoin. One thousandth of a Bitcoin.
Instead of quoting the price as $60,000 (current price) for 1 btc it would be $60 USD for one mBTC.
$60 per mBTC is much easier for the general public to get their heads around. Many more people would be willing to buy a bunch of mBTC at $60 than buying 1 btc at $60,000 since most people in the general public arent even aware you can buy a fraction of a bitcoin.
Also, it is much easier to convert for day to day usage a $60 mBTC than a $60,000 BTC.
How much easier is it to figure out that a $30 bottle of wine is simply half an mBTC?
Compare that to calculating $30 in terms of BTC. good luck to the average person with that.
mBTC is in effect better for everyday use for any product that is less than $60,000 which is all day to day products and usage.
mBTC is easier for everyone and more useful in everyday transactions and it would benefit everyone if it were the reference go to price for bitcoin.
In that case 100,000 BTC price becomes the more manageable 100 mBTC and so on and so forth.