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Date: Sun, 20 Apr 2014 12:56:55 -0400
Thread-Topic: [Bitcoin-development] "bits": Unit of account
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Subject: Re: [Bitcoin-development] "bits": Unit of account
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As someone who has put a lot of thought into how to best help typical every=
day people understand bitcoin, I strongly favor 1 bit =3D 1e-6 BTC as being=
very straightforward to explain to non technical types, and also XBT as on=
e "bit". "There are a million bits in a bit coin" is highly intelligible t=
o average people.=20
I consider overload/conflict with existing meanings of "bit" as a non-issue=
for typical population at large.=20
Mike
Sent from my iPhone
> On Apr 20, 2014, at 10:31 AM, "Alan Reiner" <etotheipi@gmail.com> wrote:
>=20
> Whatever we call it. I'm happy to support it as long as it's 1e-6.
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