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From: Tamas Blummer <tamas@bitsofproof.com>
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Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] "bits": Unit of account
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Here is an earlier reference to bits:

=
https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/m=
sg04248.html

I forgot that Alan Reiner was also supporting a unit equals to bits :

=
https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/m=
sg04264.html

and here the earlier going back to March 2013 and a poll at that time =
pushing for XBT being 1 bit

=
https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/m=
sg04256.html

Regards,

Tamas Blummer
http://bitsofproof.com

On 20.04.2014, at 16:53, Pieter Wuille <pieter.wuille@gmail.com> wrote:

> I told him specifically to bring it here (on a pull request for
> Bitcoin Core), as there is no point in making such convention changes
> to just one client.
>=20
> I wasn't aware of any discussion about the "bits" proposal here =
before.
>=20
> On Sun, Apr 20, 2014 at 4:28 PM, Tamas Blummer <tamas@bitsofproof.com> =
wrote:
>> People on this list are mostly engineers who have no problem dealing =
with
>> magnitudes and have rather limited empathy for people who have a =
problem
>> with them.
>> They also tend to think, that because they invented money 2.0 they =
would not
>> need to care of finance's or people's current customs.
>>=20
>> The importance of their decisions in these questions will fade as =
people
>> already use wallets other than the core.
>>=20
>> Bring this particular discussion elsewhere, to the wallet developer.
>>=20
>> BTW the topic was discussed here several times, you have my support =
and Jeff
>> Garzik's.
>>=20
>> Regards,
>>=20
>> Tamas Blummer
>> http://bitsofproof.com
>>=20
>> On 20.04.2014, at 15:15, Rob Golding <rob.golding@astutium.com> =
wrote:
>>=20
>> The average person is not going to be confident that the prefix they
>> are using is the correct one,
>>=20
>>=20
>> The use of any 'prefix' is one of choice and entirely unnecessary, =
and there
>> are already established 'divisions' in u/mBTC for those that feel =
they need
>> to use such things.
>>=20
>> people WILL send 1000x more or less than
>> intended if we go down this road,
>>=20
>>=20
>> Exceptionally unlikely - I deal every day with currencies with 0, 2 =
and 3
>> dp's in amount ranging from 'under 1 whole unit' to tens of thousands =
- Not
>> once in 20 years has anyone ever 'sent' more or less than intended - =
oh,
>> they've 'intended' to underpay just fine, but never *unintended*.
>>=20
>> I propose that users are offered a preference to denominate the
>> Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)
>> equals one million bits (bits) and one bit equals 100 satoshis.
>>=20
>>=20
>> I propose that for people unable to understand what a bitcoin is, =
they can
>> just use satoshi's and drop this entire proposal.
>>=20
>> Rob
>>=20
>>=20
>> =
--------------------------------------------------------------------------=
----
>> Learn Graph Databases - Download FREE O'Reilly Book
>> "Graph Databases" is the definitive new guide to graph databases and =
their
>> applications. Written by 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
>>=20
>>=20
>>=20
>> =
--------------------------------------------------------------------------=
----
>> Learn Graph Databases - Download FREE O'Reilly Book
>> "Graph Databases" is the definitive new guide to graph databases and =
their
>> applications. Written by 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
>>=20
>=20


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<html><head><meta http-equiv=3D"Content-Type" content=3D"text/html =
charset=3Diso-8859-1"></head><body style=3D"word-wrap: break-word; =
-webkit-nbsp-mode: space; -webkit-line-break: =
after-white-space;"><div>Here is an earlier reference to =
bits:</div><div><br></div><div><a =
href=3D"https://www.mail-archive.com/bitcoin-development@lists.sourceforge=
.net/msg04248.html">https://www.mail-archive.com/bitcoin-development%40lis=
ts.sourceforge.net/msg04248.html</a></div><div =
apple-content-edited=3D"true"><br></div><div =
apple-content-edited=3D"true">I forgot that Alan Reiner was also =
supporting a unit equals to bits :</div><div =
apple-content-edited=3D"true"><div =
apple-content-edited=3D"true"><br></div><div =
apple-content-edited=3D"true"><a =
href=3D"https://www.mail-archive.com/bitcoin-development@lists.sourceforge=
.net/msg04264.html">https://www.mail-archive.com/bitcoin-development%40lis=
ts.sourceforge.net/msg04264.html</a></div><div><br></div></div><div =
apple-content-edited=3D"true">and here the earlier going back to March =
2013 and a poll at that time pushing for XBT being 1 bit</div><div =
apple-content-edited=3D"true"><br></div><div =
apple-content-edited=3D"true"><a =
href=3D"https://www.mail-archive.com/bitcoin-development@lists.sourceforge=
.net/msg04256.html">https://www.mail-archive.com/bitcoin-development%40lis=
ts.sourceforge.net/msg04256.html</a></div><div =
apple-content-edited=3D"true"><br></div><div =
apple-content-edited=3D"true"><span style=3D"color: rgb(0, 0, 0); =
font-family: Helvetica; font-size: 12px; font-style: normal; =
font-variant: normal; font-weight: normal; letter-spacing: normal; =
line-height: normal; text-align: -webkit-auto; text-indent: 0px; =
text-transform: none; white-space: normal; word-spacing: 0px; =
-webkit-text-stroke-width: 0px; orphans: 2; widows: 2; float: none; =
display: inline !important;">Regards,</span><br style=3D"color: rgb(0, =
0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; =
font-variant: normal; font-weight: normal; letter-spacing: normal; =
line-height: normal; text-align: -webkit-auto; text-indent: 0px; =
text-transform: none; white-space: normal; word-spacing: 0px; =
-webkit-text-stroke-width: 0px; orphans: 2; widows: 2;"><br =
style=3D"color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; =
font-style: normal; font-variant: normal; font-weight: normal; =
letter-spacing: normal; line-height: normal; text-align: -webkit-auto; =
text-indent: 0px; text-transform: none; white-space: normal; =
word-spacing: 0px; -webkit-text-stroke-width: 0px; orphans: 2; widows: =
2;"><span style=3D"color: rgb(0, 0, 0); font-family: Helvetica; =
font-size: 12px; font-style: normal; font-variant: normal; font-weight: =
normal; letter-spacing: normal; line-height: normal; text-align: =
-webkit-auto; text-indent: 0px; text-transform: none; white-space: =
normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; orphans: 2; =
widows: 2; float: none; display: inline !important;">Tamas =
Blummer</span><span style=3D"color: rgb(0, 0, 0); font-family: =
Helvetica; font-size: 12px; font-style: normal; font-variant: normal; =
font-weight: normal; letter-spacing: normal; line-height: normal; =
orphans: auto; text-align: start; text-indent: 0px; text-transform: =
none; white-space: normal; widows: auto; word-spacing: 0px; =
-webkit-text-stroke-width: 0px;"><br style=3D"color: rgb(0, 0, 0); =
font-family: Helvetica; font-size: 12px; font-style: normal; =
font-variant: normal; font-weight: normal; letter-spacing: normal; =
line-height: normal; text-align: -webkit-auto; text-indent: 0px; =
text-transform: none; white-space: normal; word-spacing: 0px; =
-webkit-text-stroke-width: 0px; orphans: 2; widows: 2;"><span =
style=3D"color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; =
font-style: normal; font-variant: normal; font-weight: normal; =
letter-spacing: normal; line-height: normal; text-align: -webkit-auto; =
text-indent: 0px; text-transform: none; white-space: normal; =
word-spacing: 0px; -webkit-text-stroke-width: 0px; orphans: 2; widows: =
2; float: none; display: inline !important;"><a =
href=3D"http://bitsofproof.com">http://bitsofproof.com</a></span>
</span></div>
<br><div><div>On 20.04.2014, at 16:53, Pieter Wuille &lt;<a =
href=3D"mailto:pieter.wuille@gmail.com">pieter.wuille@gmail.com</a>&gt; =
wrote:</div><br class=3D"Apple-interchange-newline"><blockquote =
type=3D"cite">I told him specifically to bring it here (on a pull =
request for<br>Bitcoin Core), as there is no point in making such =
convention changes<br>to just one client.<br><br>I wasn't aware of any =
discussion about the "bits" proposal here before.<br><br>On Sun, Apr 20, =
2014 at 4:28 PM, Tamas Blummer &lt;<a =
href=3D"mailto:tamas@bitsofproof.com">tamas@bitsofproof.com</a>&gt; =
wrote:<br><blockquote type=3D"cite">People on this list are mostly =
engineers who have no problem dealing with<br>magnitudes and have rather =
limited empathy for people who have a problem<br>with them.<br>They also =
tend to think, that because they invented money 2.0 they would =
not<br>need to care of finance's or people's current customs.<br><br>The =
importance of their decisions in these questions will fade as =
people<br>already use wallets other than the core.<br><br>Bring this =
particular discussion elsewhere, to the wallet developer.<br><br>BTW the =
topic was discussed here several times, you have my support and =
Jeff<br>Garzik's.<br><br>Regards,<br><br>Tamas Blummer<br><a =
href=3D"http://bitsofproof.com">http://bitsofproof.com</a><br><br>On =
20.04.2014, at 15:15, Rob Golding &lt;rob.golding@astutium.com&gt; =
wrote:<br><br>The average person is not going to be confident that the =
prefix they<br>are using is the correct one,<br><br><br>The use of any =
'prefix' is one of choice and entirely unnecessary, and there<br>are =
already established 'divisions' in u/mBTC for those that feel they =
need<br>to use such things.<br><br>people WILL send 1000x more or less =
than<br>intended if we go down this road,<br><br><br>Exceptionally =
unlikely - I deal every day with currencies with 0, 2 and 3<br>dp's in =
amount ranging from 'under 1 whole unit' to tens of thousands - =
Not<br>once in 20 years has anyone ever 'sent' more or less than =
intended - oh,<br>they've 'intended' to underpay just fine, but never =
*unintended*.<br><br>I propose that users are offered a preference to =
denominate the<br>Bitcoin currency in a unit called a bit. Where one =
bitcoin (BTC)<br>equals one million bits (bits) and one bit equals 100 =
satoshis.<br><br><br>I propose that for people unable to understand what =
a bitcoin is, they can<br>just use satoshi's and drop this entire =
proposal.<br><br>Rob<br><br><br>------------------------------------------=
------------------------------------<br>Learn Graph Databases - Download =
FREE O'Reilly Book<br>"Graph Databases" is the definitive new guide to =
graph databases and their<br>applications. Written by three acclaimed =
leaders in the field,<br>this first edition is now available. Download =
your free book =
today!<br>http://p.sf.net/sfu/NeoTech<br>_________________________________=
______________<br>Bitcoin-development mailing =
list<br>Bitcoin-development@lists.sourceforge.net<br>https://lists.sourcef=
orge.net/lists/listinfo/bitcoin-development<br><br><br><br>---------------=
---------------------------------------------------------------<br>Learn =
Graph Databases - Download FREE O'Reilly Book<br>"Graph Databases" is =
the definitive new guide to graph databases and their<br>applications. =
Written by three acclaimed leaders in the field,<br>this first edition =
is now available. Download your free book =
today!<br>http://p.sf.net/sfu/NeoTech<br>_________________________________=
______________<br>Bitcoin-development mailing =
list<br>Bitcoin-development@lists.sourceforge.net<br>https://lists.sourcef=
orge.net/lists/listinfo/bitcoin-development<br><br></blockquote><br></bloc=
kquote></div><br></body></html>=

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