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authorDrak <drak@zikula.org>2013-11-14 22:27:53 +0000
committerbitcoindev <bitcoindev@gnusha.org>2013-11-14 22:28:21 +0000
commitc892fd394f13d837849401d59dc6959d7d5f48e3 (patch)
tree8043ab297e4f9af0a767ddf13e720f0da1075062
parent79983bd3c5c8582c7b7800c2b439d592fa32341d (diff)
downloadpi-bitcoindev-c892fd394f13d837849401d59dc6959d7d5f48e3.tar.gz
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Re: [Bitcoin-development] moving the default display to mbtc
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+From: Drak <drak@zikula.org>
+Date: Thu, 14 Nov 2013 22:27:53 +0000
+Message-ID: <CANAnSg3zWdyGymJ2tE5RUQsCSqh4jw7pkb619tX0nVoi-9efgA@mail.gmail.com>
+To: Melvin Carvalho <melvincarvalho@gmail.com>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] moving the default display to mbtc
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+
+Given the meteoric growth many are now saying we should just switch
+straight to Satoshi (uBTC) because it looks like we will be seeing BTC
+valued in the thousands pretty soon. Small decimal numbers are certainly
+not very attractive to the masses. There's no point switching to mBTC only
+to have to switch to uBTC later - especially when that later could be a lot
+sooner.
+
+Unless something is recommended/done by the bitcoin core developers I doubt
+much will change at bitcoin user/consumer level.
+
+Drak
+
+
+On 14 November 2013 11:45, Melvin Carvalho <melvincarvalho@gmail.com> 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
+>
+>
+
+--f46d044402a2ebb9d104eb2a9802
+Content-Type: text/html; charset=UTF-8
+Content-Transfer-Encoding: quoted-printable
+
+<div dir=3D"ltr">Given the meteoric growth many are now saying we should ju=
+st switch straight to Satoshi (uBTC) because it looks like we will be seein=
+g BTC valued in the thousands pretty soon. Small decimal numbers are certai=
+nly not very attractive to the masses. There&#39;s no point switching to mB=
+TC only to have to switch to uBTC later - especially when that later could =
+be a lot sooner.<div>
+
+
+
+<br></div><div>Unless something is recommended/done by the bitcoin core dev=
+elopers I doubt much will change at bitcoin user/consumer level.<br><div>
+<br></div><div>Drak<br></div><div class=3D"gmail_extra"><br><br><div class=
+=3D"gmail_quote">On 14 November 2013 11:45, Melvin Carvalho <span dir=3D"lt=
+r">&lt;<a href=3D"mailto:melvincarvalho@gmail.com" target=3D"_blank">melvin=
+carvalho@gmail.com</a>&gt;</span> wrote:<br>
+
+
+
+
+<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
+x #ccc solid;padding-left:1ex"><div dir=3D"ltr"><div><div><div><div>Rationa=
+le<br>=3D=3D=3D=3D=3D=3D=3D<br></div><div><br>Given the recent rise in valu=
+e there seems to be anecdotal evidence that 1 bitcoin being so high is putt=
+ing off a lot of normal buyers, because they feel that putting down $400+ a=
+nd only getting &quot;1 coin&quot;, or having to buy in multiples of 1 whol=
+e coin, is too much.. only after it being explained that they can buy fract=
+ional amounts to they regain interest, apparently happening increasingly.<b=
+r>
+
+
+
+
+
+<br><br></div><div>Straw Poll<br>=3D=3D=3D=3D=3D=3D=3D=3D<br></div><div><br=
+></div>6 months ago there was a straw poll on this<br><br><a href=3D"https:=
+//bitcointalk.org/index.php?topic=3D220322.0" target=3D"_blank">https://bit=
+cointalk.org/index.php?topic=3D220322.0</a><br>
+
+
+
+
+
+<br></div>Roughly 2/3 of respondents favoured switching<br><br></div>A furt=
+her 20% said to switch after it hits 1000<br><br></div>Satoshi&#39;s commen=
+ts:<br>=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D<br><br>Eventually a=
+t most only 21 million coins for 6.8 billion people in the world if it real=
+ly gets huge.<br>
+
+
+
+
+
+<br>But don&#39;t worry, there are another 6 decimal places that aren&#39;t=
+ shown, for a total of 8 decimal places internally.=C2=A0 It shows 1.00 but=
+ internally it&#39;s 1.00000000.=C2=A0 If there&#39;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 t=
+he display shows the decimal point.=C2=A0 Same amount of money, just differ=
+ent convention for where the &quot;,&quot;&#39;s and &quot;.&quot;&#39;s go=
+.=C2=A0 e.g. moving the decimal place 3 places would mean if you had 1.0000=
+0 before, now it shows it as 1,000.00.<br>
+
+
+
+
+
+<br><a href=3D"https://bitcointalk.org/index.php?topic=3D44.msg267#msg267" =
+target=3D"_blank">https://bitcointalk.org/index.php?topic=3D44.msg267#msg26=
+7</a><br><div><br><br></div><div>Would now be a good time to start thinking=
+ about changing the default display in the software.=C2=A0 Perhaps initiall=
+y it could be a dropdown display option, then at some point mbtc becomes th=
+e default?<br>
+
+
+
+
+
+</div><div><br></div></div>
+<br>-----------------------------------------------------------------------=
+-------<br>
+DreamFactory - Open Source REST &amp; JSON Services for HTML5 &amp; Native =
+Apps<br>
+OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access<br>
+Free app hosting. Or install the open source package on any LAMP server.<br=
+>
+Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native!<br=
+>
+<a href=3D"http://pubads.g.doubleclick.net/gampad/clk?id=3D63469471&amp;iu=
+=3D/4140/ostg.clktrk" target=3D"_blank">http://pubads.g.doubleclick.net/gam=
+pad/clk?id=3D63469471&amp;iu=3D/4140/ostg.clktrk</a><br>___________________=
+____________________________<br>
+
+
+
+
+
+Bitcoin-development mailing list<br>
+<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net" target=3D"_bla=
+nk">Bitcoin-development@lists.sourceforge.net</a><br>
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+" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
+velopment</a><br>
+<br></blockquote></div><br></div></div></div>
+
+--f46d044402a2ebb9d104eb2a9802--
+
+