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authorTamas Blummer <tamas@bitsofproof.com>2014-04-20 17:05:47 +0200
committerbitcoindev <bitcoindev@gnusha.org>2014-04-20 15:05:50 +0000
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Re: [Bitcoin-development] "bits": Unit of account
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+ for bitcoin-development@lists.sourceforge.net;
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+From: Tamas Blummer <tamas@bitsofproof.com>
+In-Reply-To: <CAPg+sBha=cUHOWcU29yLrC4WTy5EghOGpVGAcQ8S0fuMvpLeRw@mail.gmail.com>
+Date: Sun, 20 Apr 2014 17:05:47 +0200
+Message-Id: <DFFB1B2C-F10B-4CF7-9D01-F6A27F9FA229@bitsofproof.com>
+References: <CAJKMfeQO6pyi5b-83FyMSHcq0Sa1QkP+RouQVBdCYPtXXboY8A@mail.gmail.com>
+ <3A69904F-0A3D-42E9-9DE7-067874E710BB@bitsofproof.com>
+ <CAPg+sBha=cUHOWcU29yLrC4WTy5EghOGpVGAcQ8S0fuMvpLeRw@mail.gmail.com>
+To: Pieter Wuille <pieter.wuille@gmail.com>
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: Re: [Bitcoin-development] "bits": Unit of account
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+
+Here is an earlier reference to bits:
+
+=
+https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/m=
+sg04248.html
+
+I forgot that Alan Reiner was also supporting a unit equals to bits :
+
+=
+https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/m=
+sg04264.html
+
+and here the earlier going back to March 2013 and a poll at that time =
+pushing for XBT being 1 bit
+
+=
+https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/m=
+sg04256.html
+
+Regards,
+
+Tamas Blummer
+http://bitsofproof.com
+
+On 20.04.2014, at 16:53, Pieter Wuille <pieter.wuille@gmail.com> wrote:
+
+> I told him specifically to bring it here (on a pull request for
+> Bitcoin Core), as there is no point in making such convention changes
+> to just one client.
+>=20
+> I wasn't aware of any discussion about the "bits" proposal here =
+before.
+>=20
+> On Sun, Apr 20, 2014 at 4:28 PM, Tamas Blummer <tamas@bitsofproof.com> =
+wrote:
+>> People on this list are mostly engineers who have no problem dealing =
+with
+>> magnitudes and have rather limited empathy for people who have a =
+problem
+>> with them.
+>> They also tend to think, that because they invented money 2.0 they =
+would not
+>> need to care of finance's or people's current customs.
+>>=20
+>> The importance of their decisions in these questions will fade as =
+people
+>> already use wallets other than the core.
+>>=20
+>> Bring this particular discussion elsewhere, to the wallet developer.
+>>=20
+>> BTW the topic was discussed here several times, you have my support =
+and Jeff
+>> Garzik's.
+>>=20
+>> Regards,
+>>=20
+>> Tamas Blummer
+>> http://bitsofproof.com
+>>=20
+>> On 20.04.2014, at 15:15, Rob Golding <rob.golding@astutium.com> =
+wrote:
+>>=20
+>> The average person is not going to be confident that the prefix they
+>> are using is the correct one,
+>>=20
+>>=20
+>> The use of any 'prefix' is one of choice and entirely unnecessary, =
+and there
+>> are already established 'divisions' in u/mBTC for those that feel =
+they need
+>> to use such things.
+>>=20
+>> people WILL send 1000x more or less than
+>> intended if we go down this road,
+>>=20
+>>=20
+>> Exceptionally unlikely - I deal every day with currencies with 0, 2 =
+and 3
+>> dp's in amount ranging from 'under 1 whole unit' to tens of thousands =
+- Not
+>> once in 20 years has anyone ever 'sent' more or less than intended - =
+oh,
+>> they've 'intended' to underpay just fine, but never *unintended*.
+>>=20
+>> I propose that users are offered a preference to denominate the
+>> Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)
+>> equals one million bits (bits) and one bit equals 100 satoshis.
+>>=20
+>>=20
+>> I propose that for people unable to understand what a bitcoin is, =
+they can
+>> just use satoshi's and drop this entire proposal.
+>>=20
+>> Rob
+>>=20
+>>=20
+>> =
+--------------------------------------------------------------------------=
+----
+>> Learn Graph Databases - Download FREE O'Reilly Book
+>> "Graph Databases" is the definitive new guide to graph databases and =
+their
+>> applications. Written by three acclaimed leaders in the field,
+>> this first edition is now available. Download your free book today!
+>> http://p.sf.net/sfu/NeoTech
+>> _______________________________________________
+>> Bitcoin-development mailing list
+>> Bitcoin-development@lists.sourceforge.net
+>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
+>>=20
+>>=20
+>>=20
+>> =
+--------------------------------------------------------------------------=
+----
+>> Learn Graph Databases - Download FREE O'Reilly Book
+>> "Graph Databases" is the definitive new guide to graph databases and =
+their
+>> applications. Written by three acclaimed leaders in the field,
+>> this first edition is now available. Download your free book today!
+>> http://p.sf.net/sfu/NeoTech
+>> _______________________________________________
+>> Bitcoin-development mailing list
+>> Bitcoin-development@lists.sourceforge.net
+>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
+>>=20
+>=20
+
+
+--Apple-Mail=_05FD224F-17E5-4ED3-A2B0-5C1A2156B9EA
+Content-Transfer-Encoding: quoted-printable
+Content-Type: text/html;
+ charset=iso-8859-1
+
+<html><head><meta http-equiv=3D"Content-Type" content=3D"text/html =
+charset=3Diso-8859-1"></head><body style=3D"word-wrap: break-word; =
+-webkit-nbsp-mode: space; -webkit-line-break: =
+after-white-space;"><div>Here is an earlier reference to =
+bits:</div><div><br></div><div><a =
+href=3D"https://www.mail-archive.com/bitcoin-development@lists.sourceforge=
+.net/msg04248.html">https://www.mail-archive.com/bitcoin-development%40lis=
+ts.sourceforge.net/msg04248.html</a></div><div =
+apple-content-edited=3D"true"><br></div><div =
+apple-content-edited=3D"true">I forgot that Alan Reiner was also =
+supporting a unit equals to bits :</div><div =
+apple-content-edited=3D"true"><div =
+apple-content-edited=3D"true"><br></div><div =
+apple-content-edited=3D"true"><a =
+href=3D"https://www.mail-archive.com/bitcoin-development@lists.sourceforge=
+.net/msg04264.html">https://www.mail-archive.com/bitcoin-development%40lis=
+ts.sourceforge.net/msg04264.html</a></div><div><br></div></div><div =
+apple-content-edited=3D"true">and here the earlier going back to March =
+2013 and a poll at that time pushing for XBT being 1 bit</div><div =
+apple-content-edited=3D"true"><br></div><div =
+apple-content-edited=3D"true"><a =
+href=3D"https://www.mail-archive.com/bitcoin-development@lists.sourceforge=
+.net/msg04256.html">https://www.mail-archive.com/bitcoin-development%40lis=
+ts.sourceforge.net/msg04256.html</a></div><div =
+apple-content-edited=3D"true"><br></div><div =
+apple-content-edited=3D"true"><span style=3D"color: rgb(0, 0, 0); =
+font-family: Helvetica; font-size: 12px; font-style: normal; =
+font-variant: normal; font-weight: normal; letter-spacing: normal; =
+line-height: normal; text-align: -webkit-auto; text-indent: 0px; =
+text-transform: none; white-space: normal; word-spacing: 0px; =
+-webkit-text-stroke-width: 0px; orphans: 2; widows: 2; float: none; =
+display: inline !important;">Regards,</span><br style=3D"color: rgb(0, =
+0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; =
+font-variant: normal; font-weight: normal; letter-spacing: normal; =
+line-height: normal; text-align: -webkit-auto; text-indent: 0px; =
+text-transform: none; white-space: normal; word-spacing: 0px; =
+-webkit-text-stroke-width: 0px; orphans: 2; widows: 2;"><br =
+style=3D"color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; =
+font-style: normal; font-variant: normal; font-weight: normal; =
+letter-spacing: normal; line-height: normal; text-align: -webkit-auto; =
+text-indent: 0px; text-transform: none; white-space: normal; =
+word-spacing: 0px; -webkit-text-stroke-width: 0px; orphans: 2; widows: =
+2;"><span style=3D"color: rgb(0, 0, 0); font-family: Helvetica; =
+font-size: 12px; font-style: normal; font-variant: normal; font-weight: =
+normal; letter-spacing: normal; line-height: normal; text-align: =
+-webkit-auto; text-indent: 0px; text-transform: none; white-space: =
+normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; orphans: 2; =
+widows: 2; float: none; display: inline !important;">Tamas =
+Blummer</span><span style=3D"color: rgb(0, 0, 0); font-family: =
+Helvetica; font-size: 12px; font-style: normal; font-variant: normal; =
+font-weight: normal; letter-spacing: normal; line-height: normal; =
+orphans: auto; text-align: start; text-indent: 0px; text-transform: =
+none; white-space: normal; widows: auto; word-spacing: 0px; =
+-webkit-text-stroke-width: 0px;"><br style=3D"color: rgb(0, 0, 0); =
+font-family: Helvetica; font-size: 12px; font-style: normal; =
+font-variant: normal; font-weight: normal; letter-spacing: normal; =
+line-height: normal; text-align: -webkit-auto; text-indent: 0px; =
+text-transform: none; white-space: normal; word-spacing: 0px; =
+-webkit-text-stroke-width: 0px; orphans: 2; widows: 2;"><span =
+style=3D"color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; =
+font-style: normal; font-variant: normal; font-weight: normal; =
+letter-spacing: normal; line-height: normal; text-align: -webkit-auto; =
+text-indent: 0px; text-transform: none; white-space: normal; =
+word-spacing: 0px; -webkit-text-stroke-width: 0px; orphans: 2; widows: =
+2; float: none; display: inline !important;"><a =
+href=3D"http://bitsofproof.com">http://bitsofproof.com</a></span>
+</span></div>
+<br><div><div>On 20.04.2014, at 16:53, Pieter Wuille &lt;<a =
+href=3D"mailto:pieter.wuille@gmail.com">pieter.wuille@gmail.com</a>&gt; =
+wrote:</div><br class=3D"Apple-interchange-newline"><blockquote =
+type=3D"cite">I told him specifically to bring it here (on a pull =
+request for<br>Bitcoin Core), as there is no point in making such =
+convention changes<br>to just one client.<br><br>I wasn't aware of any =
+discussion about the "bits" proposal here before.<br><br>On Sun, Apr 20, =
+2014 at 4:28 PM, Tamas Blummer &lt;<a =
+href=3D"mailto:tamas@bitsofproof.com">tamas@bitsofproof.com</a>&gt; =
+wrote:<br><blockquote type=3D"cite">People on this list are mostly =
+engineers who have no problem dealing with<br>magnitudes and have rather =
+limited empathy for people who have a problem<br>with them.<br>They also =
+tend to think, that because they invented money 2.0 they would =
+not<br>need to care of finance's or people's current customs.<br><br>The =
+importance of their decisions in these questions will fade as =
+people<br>already use wallets other than the core.<br><br>Bring this =
+particular discussion elsewhere, to the wallet developer.<br><br>BTW the =
+topic was discussed here several times, you have my support and =
+Jeff<br>Garzik's.<br><br>Regards,<br><br>Tamas Blummer<br><a =
+href=3D"http://bitsofproof.com">http://bitsofproof.com</a><br><br>On =
+20.04.2014, at 15:15, Rob Golding &lt;rob.golding@astutium.com&gt; =
+wrote:<br><br>The average person is not going to be confident that the =
+prefix they<br>are using is the correct one,<br><br><br>The use of any =
+'prefix' is one of choice and entirely unnecessary, and there<br>are =
+already established 'divisions' in u/mBTC for those that feel they =
+need<br>to use such things.<br><br>people WILL send 1000x more or less =
+than<br>intended if we go down this road,<br><br><br>Exceptionally =
+unlikely - I deal every day with currencies with 0, 2 and 3<br>dp's in =
+amount ranging from 'under 1 whole unit' to tens of thousands - =
+Not<br>once in 20 years has anyone ever 'sent' more or less than =
+intended - oh,<br>they've 'intended' to underpay just fine, but never =
+*unintended*.<br><br>I propose that users are offered a preference to =
+denominate the<br>Bitcoin currency in a unit called a bit. Where one =
+bitcoin (BTC)<br>equals one million bits (bits) and one bit equals 100 =
+satoshis.<br><br><br>I propose that for people unable to understand what =
+a bitcoin is, they can<br>just use satoshi's and drop this entire =
+proposal.<br><br>Rob<br><br><br>------------------------------------------=
+------------------------------------<br>Learn Graph Databases - Download =
+FREE O'Reilly Book<br>"Graph Databases" is the definitive new guide to =
+graph databases and their<br>applications. Written by three acclaimed =
+leaders in the field,<br>this first edition is now available. Download =
+your free book =
+today!<br>http://p.sf.net/sfu/NeoTech<br>_________________________________=
+______________<br>Bitcoin-development mailing =
+list<br>Bitcoin-development@lists.sourceforge.net<br>https://lists.sourcef=
+orge.net/lists/listinfo/bitcoin-development<br><br><br><br>---------------=
+---------------------------------------------------------------<br>Learn =
+Graph Databases - Download FREE O'Reilly Book<br>"Graph Databases" is =
+the definitive new guide to graph databases and their<br>applications. =
+Written by three acclaimed leaders in the field,<br>this first edition =
+is now available. Download your free book =
+today!<br>http://p.sf.net/sfu/NeoTech<br>_________________________________=
+______________<br>Bitcoin-development mailing =
+list<br>Bitcoin-development@lists.sourceforge.net<br>https://lists.sourcef=
+orge.net/lists/listinfo/bitcoin-development<br><br></blockquote><br></bloc=
+kquote></div><br></body></html>=
+
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