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authorAlan Reiner <etotheipi@gmail.com>2013-11-14 15:01:49 -0500
committerbitcoindev <bitcoindev@gnusha.org>2013-11-14 20:01:57 +0000
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downloadpi-bitcoindev-627491e7627719740c5c33ae56f4c42051b6893d.tar.gz
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Re: [Bitcoin-development] moving the default display to mbtc
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+Date: Thu, 14 Nov 2013 15:01:49 -0500
+From: Alan Reiner <etotheipi@gmail.com>
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+Subject: Re: [Bitcoin-development] moving the default display to mbtc
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+
+This is a multi-part message in MIME format.
+--------------010407060805040602080405
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+Content-Transfer-Encoding: 7bit
+
+I highly recommend that if we make any move towards this, that the
+software show verification in both/all units.
+
+For instance, there should be 3 input fields, one for "BTC", one for
+"mBTC" one for "uBTC". As the user enters a value in one of the fields,
+it would automatically update the other fields with the converted value
+as they type. This makes it really difficult to get it wrong... if
+you're typing "10" into the BTC field, thinking it's mBTC, you'll see
+10,000 mBTC showing up in the other box as you type. Similarly, it
+should display all units on all verification windows. Users may also
+use it for sanity checking conversion between units.
+
+Personally, I'm of the opinion that this change is important in the long
+run: the current price makes Bitcoin *intimidating* to new users. But
+I'm also of the opinion that it's freakin' hard to change the base unit
+in such an established system. There is no easy way to do this that
+doesn't cause more heartache than it's worth. But it's possible if you
+make it idiot-proof enough, and roll it out in the least inconvenient way.
+
+-Alan
+
+
+On 11/14/2013 06:45 AM, Melvin Carvalho wrote:
+> Rationale
+> =======
+>
+> Given the recent rise in value there seems to be anecdotal evidence
+> that 1 bitcoin being so high is putting off a lot of normal buyers,
+> because they feel that putting down $400+ and only getting "1 coin",
+> or having to buy in multiples of 1 whole coin, is too much.. only
+> after it being explained that they can buy fractional amounts to they
+> regain interest, apparently happening increasingly.
+>
+>
+> Straw Poll
+> ========
+>
+> 6 months ago there was a straw poll on this
+>
+> https://bitcointalk.org/index.php?topic=220322.0
+>
+> Roughly 2/3 of respondents favoured switching
+>
+> A further 20% said to switch after it hits 1000
+>
+> Satoshi's comments:
+> ================
+>
+> Eventually at most only 21 million coins for 6.8 billion people in the
+> world if it really gets huge.
+>
+> But don't worry, there are another 6 decimal places that aren't shown,
+> for a total of 8 decimal places internally. It shows 1.00 but
+> internally it's 1.00000000. If there's massive deflation in the
+> future, the software could show more decimal places.
+>
+> If it gets tiresome working with small numbers, we could change where
+> the display shows the decimal point. Same amount of money, just
+> different convention for where the ","'s and "."'s go. e.g. moving
+> the decimal place 3 places would mean if you had 1.00000 before, now
+> it shows it as 1,000.00.
+>
+> https://bitcointalk.org/index.php?topic=44.msg267#msg267
+>
+>
+> Would now be a good time to start thinking about changing the default
+> display in the software. Perhaps initially it could be a dropdown
+> display option, then at some point mbtc becomes the default?
+>
+>
+>
+> ------------------------------------------------------------------------------
+> DreamFactory - Open Source REST & JSON Services for HTML5 & Native Apps
+> OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access
+> Free app hosting. Or install the open source package on any LAMP server.
+> Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native!
+> http://pubads.g.doubleclick.net/gampad/clk?id=63469471&iu=/4140/ostg.clktrk
+>
+>
+> _______________________________________________
+> Bitcoin-development mailing list
+> Bitcoin-development@lists.sourceforge.net
+> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
+
+
+--------------010407060805040602080405
+Content-Type: text/html; charset=ISO-8859-1
+Content-Transfer-Encoding: 7bit
+
+<html>
+ <head>
+ <meta content="text/html; charset=ISO-8859-1"
+ http-equiv="Content-Type">
+ </head>
+ <body bgcolor="#FFFFFF" text="#000000">
+ I highly recommend that if we make any move towards this, that the
+ software show verification in both/all units. <br>
+ <br>
+ For instance, there should be 3 input fields, one for "BTC", one for
+ "mBTC" one for "uBTC".&nbsp; As the user enters a value in one of the
+ fields, it would automatically update the other fields with the
+ converted value as they type.&nbsp; This makes it really difficult to get
+ it wrong... if you're typing "10" into the BTC field, thinking it's
+ mBTC, you'll see 10,000 mBTC showing up in the other box as you
+ type.&nbsp; Similarly, it should display all units on all verification
+ windows.&nbsp; Users may also use it for sanity checking conversion
+ between units.<br>
+ <br>
+ Personally, I'm of the opinion that this change is important in the
+ long run:&nbsp; the current price makes Bitcoin <b>intimidating</b> to
+ new users.&nbsp; But I'm also of the opinion that it's freakin' hard to
+ change the base unit in such an established system.&nbsp; There is no
+ easy way to do this that doesn't cause more heartache than it's
+ worth.&nbsp; But it's possible if you make it idiot-proof enough, and
+ roll it out in the least inconvenient way.<br>
+ <br>
+ -Alan<br>
+ <br>
+ <br>
+ <div class="moz-cite-prefix">On 11/14/2013 06:45 AM, Melvin Carvalho
+ wrote:<br>
+ </div>
+ <blockquote
+cite="mid:CAKaEYhK4oXH3hB7uS3=AEkA6r0VB5OYyTua+LOP18rq+rYajHg@mail.gmail.com"
+ type="cite">
+ <div dir="ltr">
+ <div>
+ <div>
+ <div>
+ <div>Rationale<br>
+ =======<br>
+ </div>
+ <div><br>
+ Given the recent rise in value there seems to be
+ anecdotal evidence that 1 bitcoin being so high is
+ putting off a lot of normal buyers, because they feel
+ that putting down $400+ and only getting "1 coin", or
+ having to buy in multiples of 1 whole coin, is too
+ much.. only after it being explained that they can buy
+ fractional amounts to they regain interest, apparently
+ happening increasingly.<br>
+ <br>
+ <br>
+ </div>
+ <div>Straw Poll<br>
+ ========<br>
+ </div>
+ <div><br>
+ </div>
+ 6 months ago there was a straw poll on this<br>
+ <br>
+ <a moz-do-not-send="true"
+ href="https://bitcointalk.org/index.php?topic=220322.0">https://bitcointalk.org/index.php?topic=220322.0</a><br>
+ <br>
+ </div>
+ Roughly 2/3 of respondents favoured switching<br>
+ <br>
+ </div>
+ A further 20% said to switch after it hits 1000<br>
+ <br>
+ </div>
+ Satoshi's comments:<br>
+ ================<br>
+ <br>
+ Eventually at most only 21 million coins for 6.8 billion people
+ in the world if it really gets huge.<br>
+ <br>
+ But don't worry, there are another 6 decimal places that aren't
+ shown, for a total of 8 decimal places internally.&nbsp; It shows
+ 1.00 but internally it's 1.00000000.&nbsp; If there's massive
+ deflation in the future, the software could show more decimal
+ places.<br>
+ <br>
+ If it gets tiresome working with small numbers, we could change
+ where the display shows the decimal point.&nbsp; Same amount of
+ money, just different convention for where the ","'s and "."'s
+ go.&nbsp; e.g. moving the decimal place 3 places would mean if you
+ had 1.00000 before, now it shows it as 1,000.00.<br>
+ <br>
+ <a moz-do-not-send="true"
+ href="https://bitcointalk.org/index.php?topic=44.msg267#msg267">https://bitcointalk.org/index.php?topic=44.msg267#msg267</a><br>
+ <div><br>
+ <br>
+ </div>
+ <div>Would now be a good time to start thinking about changing
+ the default display in the software.&nbsp; Perhaps initially it
+ could be a dropdown display option, then at some point mbtc
+ becomes the default?<br>
+ </div>
+ <div><br>
+ </div>
+ </div>
+ <br>
+ <fieldset class="mimeAttachmentHeader"></fieldset>
+ <br>
+ <pre wrap="">------------------------------------------------------------------------------
+DreamFactory - Open Source REST &amp; JSON Services for HTML5 &amp; Native Apps
+OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access
+Free app hosting. Or install the open source package on any LAMP server.
+Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native!
+<a class="moz-txt-link-freetext" href="http://pubads.g.doubleclick.net/gampad/clk?id=63469471&amp;iu=/4140/ostg.clktrk">http://pubads.g.doubleclick.net/gampad/clk?id=63469471&amp;iu=/4140/ostg.clktrk</a></pre>
+ <br>
+ <fieldset class="mimeAttachmentHeader"></fieldset>
+ <br>
+ <pre wrap="">_______________________________________________
+Bitcoin-development mailing list
+<a class="moz-txt-link-abbreviated" href="mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-development@lists.sourceforge.net</a>
+<a class="moz-txt-link-freetext" href="https://lists.sourceforge.net/lists/listinfo/bitcoin-development">https://lists.sourceforge.net/lists/listinfo/bitcoin-development</a>
+</pre>
+ </blockquote>
+ <br>
+ </body>
+</html>
+
+--------------010407060805040602080405--
+
+