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From: Tamas Blummer <tamas.blummer@gmail.com>
In-Reply-To: <CAAS2fgQtfq_4QL8-N8y8Z8y-dBOWQVT7_DPXdZJfsQTjvaaoUA@mail.gmail.com>
Date: Thu, 7 Mar 2019 11:57:03 +0100
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References: <CACSX50GZ8w3f9WkNg0DRBUTA6Kbrn=-+H2W0ynLcsdgoUO04PQ@mail.gmail.com>
	<CAAS2fgQtfq_4QL8-N8y8Z8y-dBOWQVT7_DPXdZJfsQTjvaaoUA@mail.gmail.com>
To: Gregory Maxwell <greg@xiph.org>,
	Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Cc: Amine Chakak <aminechakak@gmail.com>
Subject: Re: [bitcoin-dev] BIP - Symbol for satoshi
Precedence: list

It is highly unikely that non-engineers will adopt scientific notation =
or mili/nano/pico prefixes for money.=20

All common currencies either have no change or one that is 1/100 of the =
base unit.=20
This is the convention that practically all existing finance software =
and non-Bitcoin related UI that deals with money assumes.

Ignoring evident cultural preference and all pre-existenting finance =
related software is blatant Bitcoin engineering blindness.

We already had a BIP for bits, which I support for above reasons. =
https://github.com/bitcoin/bips/blob/master/bip-0176.mediawiki

Tamas Blummer

> On Mar 7, 2019, at 00:35, Gregory Maxwell via bitcoin-dev =
<bitcoin-dev@lists.linuxfoundation.org> wrote:
>=20
> On Wed, Mar 6, 2019 at 12:32 AM Amine Chakak via bitcoin-dev
> <bitcoin-dev@lists.linuxfoundation.org> wrote:
>> The idea has been floated around to switch to satoshi as a base unit.
>=20
> If Satoshi wanted the currency units named after him, he would simply
> have done it. I think this behaviour seems creepy and is harmful to
> Bitcoin.
>=20
>> The lightning network uses satoshis as a base unit.
>=20
> It absolutely does not. Lightning uses units of 10 picobitcoin (1e-11
> btc), which is significantly smaller.
>=20
>> Pleas let me know if it would be appropriate to write a BIP for it.
>=20
> Please don't.
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