Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of gmail.com
	designates 209.85.216.178 as permitted sender)
	client-ip=209.85.216.178; envelope-from=etotheipi@gmail.com;
	helo=mail-qc0-f178.google.com; 
Message-ID: <5285545C.4030607@gmail.com>
Date: Thu, 14 Nov 2013 17:53:16 -0500
From: Alan Reiner <etotheipi@gmail.com>
User-Agent: Mozilla/5.0 (X11; Linux x86_64;
	rv:24.0) Gecko/20100101 Thunderbird/24.1.0
MIME-Version: 1.0
To: bitcoin-development@lists.sourceforge.net
References: <CAKaEYhK4oXH3hB7uS3=AEkA6r0VB5OYyTua+LOP18rq+rYajHg@mail.gmail.com>	<52852C2D.9020103@gmail.com>	<52853D8A.6010501@monetize.io>	<CAJHLa0M6CkoDbD6FFixf9-mmhug7DvehSWCJ+EHWVxUDuwNiBg@mail.gmail.com>
	<52854F59.9000500@monetize.io>
In-Reply-To: <52854F59.9000500@monetize.io>
Content-Type: multipart/alternative;
	boundary="------------060602010704010707010308"
Subject: Re: [Bitcoin-development] moving the default display to mbtc
Precedence: list

This is a multi-part message in MIME format.
--------------060602010704010707010308
Content-Type: text/plain; charset=ISO-8859-1
Content-Transfer-Encoding: 7bit

I really like the XBT idea.  It makes a lot of sense to match the ISO
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.

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
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.


On 11/14/2013 05:31 PM, Mark Friedenbach wrote:
> Whoops, this was meant for the list:
>
> Drawing on analogues from national currencies, it's also possible to
> alleviate the confusion by switching currency symbols, e.g. to XBT or
> NBC (New Bitcoin).
>
> 1 XBC == 1 uBTC
>
> On 11/14/13 2:03 PM, Jeff Garzik wrote:
> > Go straight to uBTC. Humans and existing computer systems handle
> > numbers to the left of the decimals just fine (HK Dollars, Yen).
> > The opposite is untrue (QuickBooks really does not like 3+ decimal
> > places).
>
> > - Jeff
>
> > On Nov 14, 2013 4:40 PM, "Mark Friedenbach" <mark@monetize.io
> > <mailto:mark@monetize.io>> wrote:
>
> > For this reason I'm in favor of skipping mBTC and moving straight
> > to uBTC. Having eight, or even five decimal places is not intuitive
> > to the average user. Two decimal places is becoming standard for
> > new national currencies, and we wouldn't be too far from human
> > scale everyday numbers: 25.00uBTC ~= $0.01 currently. And I don't
> > think very many people on this list would consider bitcoin
> > overvalued in the long term perspective.
>
> > Better to go through a confusing renumbering only once.
>
> > Mark
>
>
------------------------------------------------------------------------------
> 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


--------------060602010704010707010308
Content-Type: text/html; charset=ISO-8859-1
Content-Transfer-Encoding: 7bit

<html>
  <head>
    <meta content="text/html; charset=ISO-8859-1"
      http-equiv="Content-Type">
  </head>
  <body bgcolor="#FFFFFF" text="#000000">
    I really like the XBT idea.&nbsp; It makes a lot of sense to match the
    ISO currency symbol (though the ISO guys will have to adjust the way
    they've defined the "XBT").&nbsp; And I do agree that going right to uBTC
    and skipping mBTC makes sense, too.<br>
    <br>
    I'd prefer them not be called "micro bitcoins."&nbsp; I really want to
    call them "microbes" ... but I'm not sure that has the right flavor
    for money transfer :)&nbsp; "Please give me 872 microbes".&nbsp; Perhaps we
    just call them "bits."&nbsp; Or even "micros" or "microbits".&nbsp; As I write
    this, I realize there's probably 872 threads on the forums about
    this already...<br>
    <br>
    But we would want to promote a consistent term, to avoid further
    confusion when people use different names for the new unit.&nbsp; 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.<br>
    <br>
    <br>
    <br>
    <br>
    <br>
    On 11/14/2013 05:31 PM, Mark Friedenbach wrote:<br>
    <blockquote type="cite">Whoops, this was meant for the list:<br>
      <br>
      Drawing on analogues from national currencies, it's also possible
      to<br>
      alleviate the confusion by switching currency symbols, e.g. to XBT
      or<br>
      NBC (New Bitcoin).<br>
      <br>
      1 XBC == 1 uBTC<br>
      <br>
      On 11/14/13 2:03 PM, Jeff Garzik wrote:<br>
      &gt; Go straight to uBTC. Humans and existing computer systems
      handle<br>
      &gt; numbers to the left of the decimals just fine (HK Dollars,
      Yen).<br>
      &gt; The opposite is untrue (QuickBooks really does not like 3+
      decimal<br>
      &gt; places).<br>
      <br>
      &gt; - Jeff<br>
      <br>
      &gt; On Nov 14, 2013 4:40 PM, "Mark Friedenbach"
      &lt;<a class="moz-txt-link-abbreviated" href="mailto:mark@monetize.io">mark@monetize.io</a> <br>
      &gt; <a class="moz-txt-link-rfc2396E" href="mailto:mark@monetize.io">&lt;mailto:mark@monetize.io&gt;</a>&gt; wrote:<br>
      <br>
      &gt; For this reason I'm in favor of skipping mBTC and moving
      straight<br>
      &gt; to uBTC. Having eight, or even five decimal places is not
      intuitive<br>
      &gt; to the average user. Two decimal places is becoming standard
      for<br>
      &gt; new national currencies, and we wouldn't be too far from
      human<br>
      &gt; scale everyday numbers: 25.00uBTC ~= $0.01 currently. And I
      don't<br>
      &gt; think very many people on this list would consider bitcoin<br>
      &gt; overvalued in the long term perspective.<br>
      <br>
      &gt; Better to go through a confusing renumbering only once.<br>
      <br>
      &gt; Mark<br>
    </blockquote>
    <span style="white-space: pre;">&gt;<br>
      &gt;
------------------------------------------------------------------------------<br>
      &gt; DreamFactory - Open Source REST &amp; JSON Services for HTML5
      &amp; Native Apps<br>
      &gt; OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External
      API Access<br>
      &gt; Free app hosting. Or install the open source package on any
      LAMP server.<br>
      &gt; Sign up and see examples for AngularJS, jQuery, Sencha Touch
      and Native!<br>
      &gt;
<a class="moz-txt-link-freetext" href="http://pubads.g.doubleclick.net/gampad/clk?id=63469471&amp;iu=/4140/ostg.clktrk">http://pubads.g.doubleclick.net/gampad/clk?id=63469471&amp;iu=/4140/ostg.clktrk</a><br>
      &gt; _______________________________________________<br>
      &gt; Bitcoin-development mailing list<br>
      &gt; <a class="moz-txt-link-abbreviated" href="mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-development@lists.sourceforge.net</a><br>
      &gt;
      <a class="moz-txt-link-freetext" href="https://lists.sourceforge.net/lists/listinfo/bitcoin-development">https://lists.sourceforge.net/lists/listinfo/bitcoin-development</a></span><br>
    <br>
    <br>
  </body>
</html>

--------------060602010704010707010308--