Eh, sorry to rain on your parade guys, but in all honesty, the entire "should we talk abot bit or ubit or mBTC" discussion only matter if Bitcoin ever becomes a unit of account. And frankly, I don't see that happening for a long time yet. (I mean it: long time. A human generation, maybe).
And for the other aspects, exchange medium, store of wealth, it doesn't matter one bit (hur hur) what it's called... gold bugs had to wrap their head around the rather impractical 'ounces' for a while, and that never stopped adoption either.
What I'm saying is, discuss away how to call the fractions of a coin, but I tend to think, it won't matter either way.
So what the fuck are you saying?? Are you saying we should begin to trade with fur and metals when the dollar falls?
Because the world will need a new currency sooner or later, simple as that.
Bit on the edge, aren't we.
The dollar won't "fall". Not in your lifetime at least. Or rather: if your investment decisions are based on the assumption that it will, your investment decision algorithm sucks.
That said, Bitcoin can be vastly successful without becoming a unit of account. Gold isn't one ("Hey, how much for those shoes?" "0.25 fine ounces of gold"), and Bitcoin doesn't need to become either.