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From: Tamas Blummer <tamas@bitsofproof.com>
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Date: Mon, 21 Apr 2014 07:51:45 +0200
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To: Pieter Wuille <pieter.wuille@gmail.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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I think we have two very good candidates both substantiated with =
arguments for their use in their context:

bit  - the word for everyday use=20
XBT - the acronym to fit into the ISO currency set.

both meaning 100 satoshis or 1e-6 Bitcoin.=20

I am glad that I erred, and this list finaly cares of finance customs =
and average Joe=92s.

Regards,

Tamas Blummer
http://bitsofproof.com

On 21.04.2014, at 07:41, Pieter Wuille <pieter.wuille@gmail.com> wrote:

>=20
> On Apr 21, 2014 3:37 AM, "Un Ix" <slashdevnull@hotmail.com> wrote:
> >
> > Something tells me this would be reduced to a single syllable in =
common usage I.e. bit.
>=20
> What units will be called colloquially is not something developers =
will determine. It will vary, depend on language and culture, and is not =
relevant to this discussion in my opinion.
>=20
> It may well be that people in some geographic or language area will =
end up (or for a while) calling 1e-06 BTC "bits". That's fine, but using =
that as "official" name in software would be very strange and =
potentially confusing in my opinion. As mentioned by others, that would =
seem to me like calling dollars "bucks" in bank software. Nobody seems =
to have a problem with having colloquial names, but "US dollar" or =
"euro" are far less ambiguous than "bit". I think we need a more =
distinctive name.
>=20
> --=20
> Pieter
> =
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<html><head><meta http-equiv=3D"Content-Type" content=3D"text/html =
charset=3Dwindows-1252"></head><body style=3D"word-wrap: break-word; =
-webkit-nbsp-mode: space; -webkit-line-break: after-white-space;"><div =
apple-content-edited=3D"true">I think we have two very good candidates =
both substantiated with arguments for their use in their =
context:</div><div apple-content-edited=3D"true"><br></div><div =
apple-content-edited=3D"true">bit &nbsp;- the word for everyday =
use&nbsp;</div><div apple-content-edited=3D"true">XBT - the acronym to =
fit into the ISO currency set.</div><div =
apple-content-edited=3D"true"><br></div><div =
apple-content-edited=3D"true">both meaning 100 satoshis or 1e-6 =
Bitcoin.&nbsp;</div><div apple-content-edited=3D"true"><br></div><div =
apple-content-edited=3D"true">I am glad that I erred, and this list =
finaly cares of finance customs and average Joe=92s.</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><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; orphans: auto; =
text-align: start; text-indent: 0px; text-transform: none; white-space: =
normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: =
0px;"><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 21.04.2014, at 07:41, 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"><p dir=3D"ltr"><br>
On Apr 21, 2014 3:37 AM, "Un Ix" &lt;<a =
href=3D"mailto:slashdevnull@hotmail.com">slashdevnull@hotmail.com</a>&gt; =
wrote:<br>
&gt;<br>
&gt; Something tells me this would be reduced to a single syllable in =
common usage I.e. bit.</p><p dir=3D"ltr">What units will be called =
colloquially is not something developers will determine. It will vary, =
depend on language and culture, and is not relevant to this discussion =
in my opinion.</p><p dir=3D"ltr">It may well be that people in some =
geographic or language area will end up (or for a while) calling 1e-06 =
BTC "bits". That's fine, but using that as "official" name in software =
would be very strange and potentially confusing in my opinion. As =
mentioned by others, that would seem to me like calling dollars "bucks" =
in bank software. Nobody seems to have a problem with having colloquial =
names, but "US dollar" or "euro" are far less ambiguous than "bit". I =
think we need a more distinctive name.</p><p dir=3D"ltr">-- <br>
Pieter<br>
</p>
=
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href=3D"http://p.sf.net/sfu/ExoPlatform___________________________________=
____________">http://p.sf.net/sfu/ExoPlatform_____________________________=
__________________</a><br>Bitcoin-development mailing =
list<br>Bitcoin-development@lists.sourceforge.net<br>https://lists.sourcef=
orge.net/lists/listinfo/bitcoin-development<br></blockquote></div><br></bo=
dy></html>=

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