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Date: Fri, 15 Nov 2013 01:37:56 -0800
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From: Alex Kravets <kravets@gmail.com>
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Subject: Re: [Bitcoin-development] moving the default display to mbtc
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Hi guys,
I've seen many many non-geeks be utterly intimidated and confused by
0.000XXXXX quantities and/or mBTC & uBTC notation
Yes, $10 being rougnly 10,000 Won in South Korean is a great example where
large amounts of units work very well in a major economy.
FWIW, I would prefer the entire switch-over be done *once* *and *at the
same time switching both BTC to XBT and using the following
Currency Code *: *XBT
Unit Definition *: *1 Bit = 100 Satoshis
Addition benefit is splitting the term Bitcoin/bitcoin (as in Network and
currency unit) into Bitcoin (network) and Bit (the unit).
Perhaps this project/process should have a name and be listed on a road map
somewhere
*BRCS: *Bitcoin Re-denomination and [Currency] Code Standardization project
Cheers ...
On Fri, Nov 15, 2013 at 1:23 AM, Eugen Leitl <eugen@leitl.org> wrote:
> On Thu, Nov 14, 2013 at 05:53:16PM -0500, Alan Reiner wrote:
> > I really like the XBT idea. It makes a lot of sense to match the ISO
>
> I really don't. Just use the SI prefixes.
>
> > currency symbol (though the ISO guys will have to adjust the way they've
> > defined the "XBT"). And I do agree that going right to uBTC and
> > skipping mBTC makes sense, too.
>
> The display units should be choosable by the user.
>
> > I'd prefer them not be called "micro bitcoins." I really want to call
> > them "microbes" ... but I'm not sure that has the right flavor for money
>
> Why on earth?
>
> > transfer :) "Please give me 872 microbes". Perhaps we just call them
> > "bits." Or even "micros" or "microbits". As I write this, I realize
> > there's probably 872 threads on the forums about this already...
> >
> > But we would want to promote a consistent term, to avoid further
> > confusion when people use different names for the new unit. It's not
> > guaranteed to be successful, but if we pick a good name, and build it
> > into the interface on the first release pushing the new unit, we have a
> > chance to make the transition even easier.
>
> The reason SI prefixes were invented is exactly to preven that case.
>
>
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--
Alex Kravets <http://www.linkedin.com/in/akravets> def redPill = '
Scala <http://www.scala-lang.org/>
[[ brutal honesty <http://goo.gl/vwydt> is the best policy ]]
--047d7bf16084fde42b04eb33f308
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"ltr">Hi guys,<div><br></div><div>I've seen many many non-ge=
eks be utterly intimidated and confused by 0.000XXXXX quantities and/or mBT=
C & uBTC notation</div><div><br></div><div><br></div><div>Yes, $10 bein=
g rougnly 10,000 Won in South Korean is a great example where large amounts=
of units work very well in a major economy.</div>
<div><br></div><div><br></div><div>FWIW, =C2=A0I would prefer the entire sw=
itch-over be done <b>once</b> <i>and </i>at the same time=C2=A0switching bo=
th BTC to XBT and using the following</div><div><br></div><div><br></div><d=
iv><div>
Currency Code=C2=A0<b>:=C2=A0</b>XBT</div><div>Unit Definition =C2=A0<b>: <=
/b>1 Bit =3D 100 Satoshis</div><div><br></div><div>Addition benefit is spli=
tting the term Bitcoin/bitcoin (as in Network and currency unit) into Bitco=
in (network) and Bit (the unit).</div>
<div><br></div></div><div><br></div><div>Perhaps this project/process shoul=
d have a name and be listed on a road map somewhere</div><div><b><br></b></=
div><div><b>BRCS: </b>Bitcoin Re-denomination and [Currency] Code Standardi=
zation<b> </b>project</div>
<div><br></div><div><br></div><div>Cheers ...<br></div><div><br></div><div>=
<br></div><div><br></div></div><div class=3D"gmail_extra"><br><br><div clas=
s=3D"gmail_quote">On Fri, Nov 15, 2013 at 1:23 AM, Eugen Leitl <span dir=3D=
"ltr"><<a href=3D"mailto:eugen@leitl.org" target=3D"_blank">eugen@leitl.=
org</a>></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 class=3D"im">On Thu, Nov 14, 2013 at 05=
:53:16PM -0500, Alan Reiner wrote:<br>
> I really like the XBT idea. =C2=A0It makes a lot of sense to match the=
ISO<br>
<br>
</div>I really don't. Just use the SI prefixes.<br>
<div class=3D"im"><br>
> currency symbol (though the ISO guys will have to adjust the way they&=
#39;ve<br>
> defined the "XBT"). =C2=A0And I do agree that going right to=
uBTC and<br>
> skipping mBTC makes sense, too.<br>
<br>
</div>The display units should be choosable by the user.<br>
<div class=3D"im"><br>
> I'd prefer them not be called "micro bitcoins." =C2=A0I =
really want to call<br>
> them "microbes" ... but I'm not sure that has the right =
flavor for money<br>
<br>
</div>Why on earth?<br>
<div class=3D"im"><br>
> transfer :) =C2=A0"Please give me 872 microbes". =C2=A0Perha=
ps we just call them<br>
> "bits." =C2=A0Or even "micros" or "microbits&=
quot;. =C2=A0As I write this, I realize<br>
> there's probably 872 threads on the forums about this already...<b=
r>
><br>
> But we would want to promote a consistent term, to avoid further<br>
> confusion when people use different names for the new unit. =C2=A0It&#=
39;s not<br>
> guaranteed to be successful, but if we pick a good name, and build it<=
br>
> into the interface on the first release pushing the new unit, we have =
a<br>
> chance to make the transition even easier.<br>
<br>
</div>The reason SI prefixes were invented is exactly to preven that case.<=
br>
<div class=3D"HOEnZb"><div class=3D"h5"><br>
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Bitcoin-development mailing list<br>
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pment@lists.sourceforge.net</a><br>
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" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br>
</div></div></blockquote></div><br><br clear=3D"all"><div><br></div>-- <br>=
<a href=3D"http://www.linkedin.com/in/akravets" target=3D"_blank">Alex Krav=
ets</a>=C2=A0 =C2=A0 =C2=A0=C2=A0 def <span style=3D"color:rgb(204,0,0)">re=
dPill</span> =3D '<a href=3D"http://www.scala-lang.org/" target=3D"_bla=
nk">Scala</a><br>
[[ <a href=3D"http://goo.gl/vwydt" target=3D"_blank">brutal honesty</a> is =
the best policy ]]<br>
</div>
--047d7bf16084fde42b04eb33f308--
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