Received: from sog-mx-4.v43.ch3.sourceforge.com ([172.29.43.194] helo=mx.sourceforge.net) by sfs-ml-3.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WbsK6-0002dQ-As for bitcoin-development@lists.sourceforge.net; Sun, 20 Apr 2014 14:02:22 +0000 Received-SPF: pass (sog-mx-4.v43.ch3.sourceforge.com: domain of astutium.com designates 80.76.216.240 as permitted sender) client-ip=80.76.216.240; envelope-from=rob.golding@astutium.com; helo=web.astutium.com; Received: from web.astutium.com ([80.76.216.240]) by sog-mx-4.v43.ch3.sourceforge.com with esmtps (TLSv1:AES256-SHA:256) (Exim 4.76) id 1WbsK5-0005iT-3a for bitcoin-development@lists.sourceforge.net; Sun, 20 Apr 2014 14:02:22 +0000 Received: from host109-151-87-16.range109-151.btcentralplus.com ([109.151.87.16]:3083 helo=capulet) by web.astutium.com with esmtpa (Exim 4.82) (envelope-from ) id 1Wbrav-0002kg-3P for bitcoin-development@lists.sourceforge.net; Sun, 20 Apr 2014 14:15:41 +0100 From: "Rob Golding" To: References: In-Reply-To: Date: Sun, 20 Apr 2014 14:15:57 +0100 Organization: Astutium Ltd Message-ID: <015001cf5c9a$aac3c770$004b5650$@golding@astutium.com> MIME-Version: 1.0 Content-Type: text/plain; charset="us-ascii" Content-Transfer-Encoding: 7bit X-Mailer: Microsoft Office Outlook 12.0 Thread-Index: Ac9clSnoiHFsZj6TT8+FEkFI/Zia7QAA/7Mw Content-Language: en-gb X-AntiAbuse: This header was added to track abuse, please include it with any abuse report X-AntiAbuse: Primary Hostname - web.astutium.com X-AntiAbuse: Original Domain - lists.sourceforge.net X-AntiAbuse: Originator/Caller UID/GID - [47 12] / [47 12] X-AntiAbuse: Sender Address Domain - astutium.com X-Get-Message-Sender-Via: web.astutium.com: authenticated_id: rob.golding@astutium.com X-Spam-Score: -1.2 (-) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. 1.0 MSGID_MULTIPLE_AT Message-ID contains multiple '@' characters -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain -0.0 SPF_PASS SPF: sender matches SPF record -0.7 RP_MATCHES_RCVD Envelope sender domain matches handover relay domain X-Headers-End: 1WbsK5-0005iT-3a Subject: Re: [Bitcoin-development] "bits": Unit of account 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: Sun, 20 Apr 2014 14:02:22 -0000 > The average person is not going to be confident that the prefix they > are using is the correct one, 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. > people WILL send 1000x more or less than > intended if we go down this road, 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*. > 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. I propose that for people unable to understand what a bitcoin is, they can just use satoshi's and drop this entire proposal. Rob