summaryrefslogtreecommitdiff
path: root/33/83d651a7aaa4246cf83864d7f6da3a13fd31aa
blob: f6b2dc868e17b57d8afa8c661548850ba9127a19 (plain)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192]
	helo=mx.sourceforge.net)
	by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76)
	(envelope-from <drak@zikula.org>) id 1Vh5Of-0006ML-2g
	for bitcoin-development@lists.sourceforge.net;
	Thu, 14 Nov 2013 22:28:21 +0000
Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of zikula.org
	designates 74.125.82.44 as permitted sender)
	client-ip=74.125.82.44; envelope-from=drak@zikula.org;
	helo=mail-wg0-f44.google.com; 
Received: from mail-wg0-f44.google.com ([74.125.82.44])
	by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128)
	(Exim 4.76) id 1Vh5Od-0000si-QM
	for bitcoin-development@lists.sourceforge.net;
	Thu, 14 Nov 2013 22:28:21 +0000
Received: by mail-wg0-f44.google.com with SMTP id k14so2778607wgh.35
	for <bitcoin-development@lists.sourceforge.net>;
	Thu, 14 Nov 2013 14:28:13 -0800 (PST)
X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;
	d=1e100.net; s=20130820;
	h=x-gm-message-state:mime-version:in-reply-to:references:from:date
	:message-id:subject:to:cc:content-type;
	bh=INMccsenYLi9MFha3FDvOIhfwXBMYgBogtx8agQFCRc=;
	b=k5AQTqm14M6LJIbgxaIMxp6vILNaafjMeqHqT8Mr9IK0LrRSePYTRd13Qy2d/Fcotj
	fky4dWDNvP/D+j1v2NgnAA3Du+gEHWIneAFaPS8+9Qqi4N5B5qSrzLzusBL/H/2y0XXp
	TCYTw3YZ1AWGqMpmUv3yittPjsjse39EQtXJpoozNf/enjpOdPWFROWAYJRzpYw2rW7W
	3663ZFC8YpLTrFMw7LRPnIA3s5v4lSoxPj6Nuq3qyN5gds5I0gzYaPwHE6sUW3V/hqPE
	IOs82FbNupDjPv2E3o4Go5KMZ/6vEJ/FD6wAEX/J4u8dKbzwn4hyVXcVMt30uOuhKIBt
	sBgg==
X-Gm-Message-State: ALoCoQmipP0U7mlDc4i8AM99hEH22o6x666xExEU+6EPlqHY9lNObM4T6yadOb5jQuoQJ+H7K7v1
X-Received: by 10.180.87.69 with SMTP id v5mr4884380wiz.45.1384468093573; Thu,
	14 Nov 2013 14:28:13 -0800 (PST)
MIME-Version: 1.0
Received: by 10.194.93.105 with HTTP; Thu, 14 Nov 2013 14:27:53 -0800 (PST)
In-Reply-To: <CAKaEYhK4oXH3hB7uS3=AEkA6r0VB5OYyTua+LOP18rq+rYajHg@mail.gmail.com>
References: <CAKaEYhK4oXH3hB7uS3=AEkA6r0VB5OYyTua+LOP18rq+rYajHg@mail.gmail.com>
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>
Content-Type: multipart/alternative; boundary=f46d044402a2ebb9d104eb2a9802
X-Spam-Score: -0.5 (/)
X-Spam-Report: Spam Filtering performed by mx.sourceforge.net.
	See http://spamassassin.org/tag/ for more details.
	0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked.
	See
	http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block
	for more information. [URIs: doubleclick.net]
	-1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for
	sender-domain
	-0.0 SPF_PASS               SPF: sender matches SPF record
	1.0 HTML_MESSAGE           BODY: HTML included in message
X-Headers-End: 1Vh5Od-0000si-QM
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] moving the default display to mbtc
X-BeenThere: bitcoin-development@lists.sourceforge.net
X-Mailman-Version: 2.1.9
Precedence: list
List-Id: <bitcoin-development.lists.sourceforge.net>
List-Unsubscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>,
	<mailto:bitcoin-development-request@lists.sourceforge.net?subject=unsubscribe>
List-Archive: <http://sourceforge.net/mailarchive/forum.php?forum_name=bitcoin-development>
List-Post: <mailto:bitcoin-development@lists.sourceforge.net>
List-Help: <mailto:bitcoin-development-request@lists.sourceforge.net?subject=help>
List-Subscribe: <https://lists.sourceforge.net/lists/listinfo/bitcoin-development>,
	<mailto:bitcoin-development-request@lists.sourceforge.net?subject=subscribe>
X-List-Received-Date: Thu, 14 Nov 2013 22:28:21 -0000

--f46d044402a2ebb9d104eb2a9802
Content-Type: text/plain; charset=UTF-8

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>
<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br>
<br></blockquote></div><br></div></div></div>

--f46d044402a2ebb9d104eb2a9802--