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Date: Thu, 14 Nov 2013 15:01:49 -0500
From: Alan Reiner <etotheipi@gmail.com>
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Subject: Re: [Bitcoin-development] moving the default display to mbtc
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I highly recommend that if we make any move towards this, that the
software show verification in both/all units.

For instance, there should be 3 input fields, one for "BTC", one for
"mBTC" one for "uBTC".  As the user enters a value in one of the fields,
it would automatically update the other fields with the converted value
as they type.  This makes it really difficult to get it wrong... if
you're typing "10" into the BTC field, thinking it's mBTC, you'll see
10,000 mBTC showing up in the other box as you type.  Similarly, it
should display all units on all verification windows.  Users may also
use it for sanity checking conversion between units.

Personally, I'm of the opinion that this change is important in the long
run:  the current price makes Bitcoin *intimidating* to new users.  But
I'm also of the opinion that it's freakin' hard to change the base unit
in such an established system.  There is no easy way to do this that
doesn't cause more heartache than it's worth.  But it's possible if you
make it idiot-proof enough, and roll it out in the least inconvenient way.

-Alan


On 11/14/2013 06:45 AM, Melvin Carvalho wrote:
> Rationale
> =======
>
> Given the recent rise in value there seems to be anecdotal evidence
> that 1 bitcoin being so high is putting off a lot of normal buyers,
> because they feel that putting down $400+ and only getting "1 coin",
> or having to buy in multiples of 1 whole coin, is too much.. only
> after it being explained that they can buy fractional amounts to they
> regain interest, apparently happening increasingly.
>
>
> Straw Poll
> ========
>
> 6 months ago there was a straw poll on this
>
> https://bitcointalk.org/index.php?topic=220322.0
>
> Roughly 2/3 of respondents favoured switching
>
> A further 20% said to switch after it hits 1000
>
> Satoshi's comments:
> ================
>
> Eventually at most only 21 million coins for 6.8 billion people in the
> world if it really gets huge.
>
> But don't worry, there are another 6 decimal places that aren't shown,
> for a total of 8 decimal places internally.  It shows 1.00 but
> internally it's 1.00000000.  If there's massive deflation in the
> future, the software could show more decimal places.
>
> If it gets tiresome working with small numbers, we could change where
> the display shows the decimal point.  Same amount of money, just
> different convention for where the ","'s and "."'s go.  e.g. moving
> the decimal place 3 places would mean if you had 1.00000 before, now
> it shows it as 1,000.00.
>
> https://bitcointalk.org/index.php?topic=44.msg267#msg267
>
>
> Would now be a good time to start thinking about changing the default
> display in the software.  Perhaps initially it could be a dropdown
> display option, then at some point mbtc becomes the default?
>
>
>
> ------------------------------------------------------------------------------
> DreamFactory - Open Source REST & JSON Services for HTML5 & Native Apps
> OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access
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> https://lists.sourceforge.net/lists/listinfo/bitcoin-development


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    I highly recommend that if we make any move towards this, that the
    software show verification in both/all units. <br>
    <br>
    For instance, there should be 3 input fields, one for "BTC", one for
    "mBTC" one for "uBTC".&nbsp; As the user enters a value in one of the
    fields, it would automatically update the other fields with the
    converted value as they type.&nbsp; This makes it really difficult to get
    it wrong... if you're typing "10" into the BTC field, thinking it's
    mBTC, you'll see 10,000 mBTC showing up in the other box as you
    type.&nbsp; Similarly, it should display all units on all verification
    windows.&nbsp; Users may also use it for sanity checking conversion
    between units.<br>
    <br>
    Personally, I'm of the opinion that this change is important in the
    long run:&nbsp; the current price makes Bitcoin <b>intimidating</b> to
    new users.&nbsp; But I'm also of the opinion that it's freakin' hard to
    change the base unit in such an established system.&nbsp; There is no
    easy way to do this that doesn't cause more heartache than it's
    worth.&nbsp; But it's possible if you make it idiot-proof enough, and
    roll it out in the least inconvenient way.<br>
    <br>
    -Alan<br>
    <br>
    <br>
    <div class="moz-cite-prefix">On 11/14/2013 06:45 AM, Melvin Carvalho
      wrote:<br>
    </div>
    <blockquote
cite="mid:CAKaEYhK4oXH3hB7uS3=AEkA6r0VB5OYyTua+LOP18rq+rYajHg@mail.gmail.com"
      type="cite">
      <div dir="ltr">
        <div>
          <div>
            <div>
              <div>Rationale<br>
                =======<br>
              </div>
              <div><br>
                Given the recent rise in value there seems to be
                anecdotal evidence that 1 bitcoin being so high is
                putting off a lot of normal buyers, because they feel
                that putting down $400+ and only getting "1 coin", or
                having to buy in multiples of 1 whole coin, is too
                much.. only after it being explained that they can buy
                fractional amounts to they regain interest, apparently
                happening increasingly.<br>
                <br>
                <br>
              </div>
              <div>Straw Poll<br>
                ========<br>
              </div>
              <div><br>
              </div>
              6 months ago there was a straw poll on this<br>
              <br>
              <a moz-do-not-send="true"
                href="https://bitcointalk.org/index.php?topic=220322.0">https://bitcointalk.org/index.php?topic=220322.0</a><br>
              <br>
            </div>
            Roughly 2/3 of respondents favoured switching<br>
            <br>
          </div>
          A further 20% said to switch after it hits 1000<br>
          <br>
        </div>
        Satoshi's comments:<br>
        ================<br>
        <br>
        Eventually at most only 21 million coins for 6.8 billion people
        in the world if it really gets huge.<br>
        <br>
        But don't worry, there are another 6 decimal places that aren't
        shown, for a total of 8 decimal places internally.&nbsp; It shows
        1.00 but internally it's 1.00000000.&nbsp; If there's massive
        deflation in the future, the software could show more decimal
        places.<br>
        <br>
        If it gets tiresome working with small numbers, we could change
        where the display shows the decimal point.&nbsp; Same amount of
        money, just different convention for where the ","'s and "."'s
        go.&nbsp; e.g. moving the decimal place 3 places would mean if you
        had 1.00000 before, now it shows it as 1,000.00.<br>
        <br>
        <a moz-do-not-send="true"
          href="https://bitcointalk.org/index.php?topic=44.msg267#msg267">https://bitcointalk.org/index.php?topic=44.msg267#msg267</a><br>
        <div><br>
          <br>
        </div>
        <div>Would now be a good time to start thinking about changing
          the default display in the software.&nbsp; Perhaps initially it
          could be a dropdown display option, then at some point mbtc
          becomes the default?<br>
        </div>
        <div><br>
        </div>
      </div>
      <br>
      <fieldset class="mimeAttachmentHeader"></fieldset>
      <br>
      <pre wrap="">------------------------------------------------------------------------------
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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!
<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></pre>
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