Received: from sog-mx-3.v43.ch3.sourceforge.com ([172.29.43.193] helo=mx.sourceforge.net) by sfs-ml-2.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WO8Vf-0003hp-8e for bitcoin-development@lists.sourceforge.net; Thu, 13 Mar 2014 16:29:31 +0000 Received-SPF: pass (sog-mx-3.v43.ch3.sourceforge.com: domain of bitpay.com designates 74.125.82.42 as permitted sender) client-ip=74.125.82.42; envelope-from=jgarzik@bitpay.com; helo=mail-wg0-f42.google.com; Received: from mail-wg0-f42.google.com ([74.125.82.42]) by sog-mx-3.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1WO8Ve-0008Bf-Bf for bitcoin-development@lists.sourceforge.net; Thu, 13 Mar 2014 16:29:31 +0000 Received: by mail-wg0-f42.google.com with SMTP id y10so1070449wgg.1 for ; Thu, 13 Mar 2014 09:29:24 -0700 (PDT) X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:mime-version:in-reply-to:references:from:date :message-id:subject:to:cc:content-type; bh=9ALv34c1uDLkY6oyrEbZHC3/DHUv/EWwHrjgUwyaock=; b=R5xRjwmFuG/FfTMVfteA3y4X2b8cJORHExN4T7w57ONah9ovIHX+uF/u3uKMC1Wdvu 0hI9UZ1C3kzsRLmJcit5hz7LD8+Xu4uFZ/4q0DHCjaYItNlfRo7gpeWh4xEL/226sJJV GdBlQ3VQCPAvPHC7GRwz1h3h6U3FQISZEs3VMrXp8GTjoJAFfnYwYZN2oCYqn5Cv3xJe kSwOHKXJ9GGZAV41q30g7mq8e5ZOWdnqSdrz44wBv43i3LhpWK4oRTCQ4JZ3HAM2h7VM Od41t91phQWubSEjQuxQcAboisd4lklDjJFOup6lHXP518EJ5y4WdJ1uwd0KyPrq7phV KfqQ== X-Gm-Message-State: ALoCoQmY504WHIJ8Zc64FGnmxy6yZPUKtaOQRniVEx9GnZiZQYUM7rfXCWa6sjrbuX4x/pRbkkmp X-Received: by 10.181.13.112 with SMTP id ex16mr2320837wid.23.1394728163992; Thu, 13 Mar 2014 09:29:23 -0700 (PDT) MIME-Version: 1.0 Received: by 10.194.82.197 with HTTP; Thu, 13 Mar 2014 09:29:03 -0700 (PDT) In-Reply-To: <5321D95C.2070402@gmail.com> References: <52852C2D.9020103@gmail.com> <52853D8A.6010501@monetize.io> <5321D95C.2070402@gmail.com> From: Jeff Garzik Date: Thu, 13 Mar 2014 12:29:03 -0400 Message-ID: To: Alan Reiner Content-Type: text/plain; charset=ISO-8859-1 X-Spam-Score: -1.6 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain -0.0 SPF_PASS SPF: sender matches SPF record -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1WO8Ve-0008Bf-Bf Cc: Bitcoin Dev Subject: Re: [Bitcoin-development] moving the default display to mbtc X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 13 Mar 2014 16:29:31 -0000 On Thu, Mar 13, 2014 at 12:14 PM, Alan Reiner wrote: > Of course, as Mike said, this ship may have already sailed, but if > there's any way to revisit this, I'm there. We're just about to do > another Armory release and could support this very easily. mBTC now just means the issue -will- be revisited in the future. Just a question of when, not if. People and software in various nations handle big numbers for small values (e.g. Yen) just fine. People and software do -not- handle extra decimal places well, field experience shows. To roll out QuickBooks support --without converting any numbers, a key financial attribute-- mBTC is simply insufficient today, not in the future. I also argue that it is a security risk, as follows: To support accounting packages limited to 2 decimal places, decimal point conversion must be performed. This produces a situation where your accounting system shows numbers that do not visually match the numbers in the bitcoin software. That, in turn, making auditing more difficult, particularly for outsiders. Shipping with mBTC defaults was decidedly unwise, considering that -- like BTC -- it fails to solve existing, known problems that uBTC can solve, and considering the inevitable mBTC->uBTC switch. -- Jeff Garzik Bitcoin core developer and open source evangelist BitPay, Inc. https://bitpay.com/