Received: from sog-mx-3.v43.ch3.sourceforge.com ([172.29.43.193] helo=mx.sourceforge.net) by sfs-ml-2.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WctkN-0002Ct-Bf for bitcoin-development@lists.sourceforge.net; Wed, 23 Apr 2014 09:45:43 +0000 Received-SPF: pass (sog-mx-3.v43.ch3.sourceforge.com: domain of gmail.com designates 209.85.212.176 as permitted sender) client-ip=209.85.212.176; envelope-from=danny.hamilton@gmail.com; helo=mail-wi0-f176.google.com; Received: from mail-wi0-f176.google.com ([209.85.212.176]) by sog-mx-3.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1WctkM-0004Ea-4x for bitcoin-development@lists.sourceforge.net; Wed, 23 Apr 2014 09:45:43 +0000 Received: by mail-wi0-f176.google.com with SMTP id r20so4583435wiv.9 for ; Wed, 23 Apr 2014 02:45:36 -0700 (PDT) X-Received: by 10.180.21.180 with SMTP id w20mr1040743wie.34.1398246335916; Wed, 23 Apr 2014 02:45:35 -0700 (PDT) MIME-Version: 1.0 Received: by 10.194.34.1 with HTTP; Wed, 23 Apr 2014 02:44:55 -0700 (PDT) In-Reply-To: References: <3A69904F-0A3D-42E9-9DE7-067874E710BB@bitsofproof.com> <5353ECDF.6090903@gmail.com> From: Danny Hamilton Date: Wed, 23 Apr 2014 04:44:55 -0500 Message-ID: To: bitcoin-development@lists.sourceforge.net Content-Type: multipart/alternative; boundary=047d7b6dc03a29310804f7b29848 X-Spam-Score: -0.6 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (danny.hamilton[at]gmail.com) -0.0 SPF_PASS SPF: sender matches SPF record 1.0 HTML_MESSAGE BODY: HTML included in message -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1WctkM-0004Ea-4x Subject: Re: [Bitcoin-development] "bits": Unit of account X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Wed, 23 Apr 2014 09:45:43 -0000 --047d7b6dc03a29310804f7b29848 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: quoted-printable It seems to me that xbit is no more distinct or intuitive than =C2=B5bit. I= n either case it's simply an arbitrary character in front of the word "bit". Of course, for the majority of the world familiar with SI, the =C2=B5 actua= lly adds additional meaning that is lost with the x. Furthermore, given the multiple concerns voiced about the overuse of the word "bit", =C2=B5BTC seems to solve the problem. Since we are talking about how it would be displayed in software, we don't need to be concerned about how people will pronounce it, or what the nickname will be. If most of the wallets start displaying amounts in =C2= =B5BTC quantities, it will be obvious that a =C2=B5BTC is a different magnitude th= an a BTC. Nobody is going to look at their 100,000 =C2=B5BTC balance and think = they have 100,000 BTC. People will immediately make the mental adjustment to the new order of magnitude even if they don't specifically know that =C2=B5 mea= ns micro, or that micro means 1e-6. Nicknames will form organically (much like buck, fin, large, k, grand, and benny for U.S. currency), I've always been partial to milly (or millie) and mike (or micky) as nicknames for mBTC and =C2=B5BTC. I've personally used = those when speaking with people, and they seem to catch on pretty quickly. As has already been mentioned, you're going to be hard pressed to find software that denotes U.S. balances in "bucks". There isn't any good reason to be coding a nickname like "bit", "xbit", or "mike" into wallet software. - Danny Hamilton On Tue, Apr 22, 2014 at 8:51 AM, Aaron Axvig wrote: > That piece of horse equipment is called a bit in the US too. But the poi= nt > stands: most people don't use "bit" on a daily basis other than referring > to > "a little bit of ." > > -----Original Message----- > From: Wladimir [mailto:laanwj@gmail.com] > Sent: Sunday, April 20, 2014 11:27 AM > To: Chris Pacia > Cc: Bitcoin Dev > Subject: Re: [Bitcoin-development] "bits": Unit of account > > On Sun, Apr 20, 2014 at 6:19 PM, Chris Pacia wrote: > > The term bit is really only overloaded for those who are techy. 95% of > > the population never uses the term bit in their daily lives and I > > doubt most could even name one use of the term. > > Plus bit used to be a unit of money way back when, so this is kind of > > reclaiming it. I think it's a great fit. > > That's a very anglocentric way of thinking. > > Here in the Netherlands, a "bit" is something you put in a horses's mouth= . > It's also used as imported word (in the information sense). > We've never used the term for money. > > Wladimir > > > -------------------------------------------------------------------------= --- > -- > Learn Graph Databases - Download FREE O'Reilly Book "Graph Databases" is > the > definitive new guide to graph databases and their applications. Written b= y > 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 > > > -------------------------------------------------------------------------= ----- > Start Your Social Network Today - Download eXo Platform > Build your Enterprise Intranet with eXo Platform Software > Java Based Open Source Intranet - Social, Extensible, Cloud Ready > Get Started Now And Turn Your Intranet Into A Collaboration Platform > http://p.sf.net/sfu/ExoPlatform > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > --047d7b6dc03a29310804f7b29848 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
It seems to me that xbit is no more di= stinct or intuitive than =C2=B5bit. In either case it's simply an arbit= rary character in front of the word "bit".=C2=A0 Of course, for t= he majority of the world familiar with SI, the =C2=B5 actually adds additio= nal meaning that is lost with the x.

Furthermore, given the multiple concerns voiced about the ov= eruse of the word "bit", =C2=B5BTC seems to solve the problem.
Since we are talking about how it would be displayed in software= , we don't need to be concerned about how people will pronounce it, or = what the nickname will be.=C2=A0 If most of the wallets start displaying am= ounts in =C2=B5BTC quantities, it will be obvious that a =C2=B5BTC is a dif= ferent magnitude than a BTC.=C2=A0 Nobody is going to look at their 100,000= =C2=B5BTC balance and think they have 100,000 BTC. People will immediately= make the mental adjustment to the new order of magnitude even if they don&= #39;t specifically know that =C2=B5 means micro, or that micro means 1e-6.<= br>
Nicknames will form organically (much like buck, fin, large, k, g= rand, and benny for U.S. currency), I've always been partial to milly (= or millie) and mike (or micky) as nicknames for mBTC and =C2=B5BTC.=C2=A0 I= 've personally used those when speaking with people, and they seem to c= atch on pretty quickly.

As has already been mentioned, you're going to be hard presse= d to find software that denotes U.S. balances in "bucks".=C2=A0 T= here isn't any good reason to be coding a nickname like "bit"= , "xbit", or "mike" into wallet software.

-=C2=A0 Danny Hamilton

On Tue, Apr 22, 2014 at 8:51 AM, Aaron Axvig <= span dir=3D"ltr"><= aaron@axvigs.com> wrote:
That piece of horse equipment is called a bi= t in the US too. =C2=A0But the point
stands: most people don't use "bit" on a daily basis other th= an referring to
"a little bit of <something>."

-----Original Message-----
From: Wladimir [mailto:laanwj@gmail.com= ]
Sent: Sunday, April 20, 2014 11:27 AM
To: Chris Pacia
Cc: Bitcoin Dev
Subject: Re: [Bitcoin-development] "bits": Unit of account

On Sun, Apr 20, 2014 at 6:19 PM, Chris Pacia <ctpacia@gmail.com> wrote:
> The term bit is really only overloaded for those who are techy. 95% of=
> the population never uses the term bit in their daily lives and I
> doubt most could even name one use of the term.
> Plus bit used to be a unit of money way back when, so this is kind of<= br> > reclaiming it. I think it's a great fit.

That's a very anglocentric way of thinking.

Here in the Netherlands, a "bit" is something you put in a horses= 's mouth.
It's also used as imported word (in the information sense).
We've never used the term for money.

Wladimir

---------------------------------------------------------------------------= -
--
Learn Graph Databases - Download FREE O'Reilly Book "Graph Databas= es" is the
definitive new guide to graph databases and their applications. Written by<= br> three acclaimed leaders in the field, this first edition is now available.<= br> Download your free book today!
http://p.sf.net/s= fu/NeoTech
_______________________________________________
Bitcoin-development mailing list
Bitcoin-develo= pment@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/bitcoin-de= velopment

--------------------------------------= ----------------------------------------
Start Your Social Network Today - Download eXo Platform
Build your Enterprise Intranet with eXo Platform Software
Java Based Open Source Intranet - Social, Extensible, Cloud Ready
Get Started Now And Turn Your Intranet Into A Collaboration Platform
http://p.sf.n= et/sfu/ExoPlatform
_____________________________= __________________
Bitcoin-development mailing list
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https://lists.sourceforge.net/lists/listinfo/bitcoin-de= velopment

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