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From: Danny Hamilton <danny.hamilton@gmail.com>
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Subject: Re: [Bitcoin-development] "bits": Unit of account
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It seems to me that xbit is no more distinct or intuitive than =C2=B5bit. I=
n
either case it's simply an arbitrary character in front of the word "bit".
Of course, for the majority of the world familiar with SI, the =C2=B5 actua=
lly
adds additional meaning that is lost with the x.
Furthermore, given the multiple concerns voiced about the overuse of the
word "bit", =C2=B5BTC seems to solve the problem.
Since we are talking about how it would be displayed in software, we don't
need to be concerned about how people will pronounce it, or what the
nickname will be. If most of the wallets start displaying amounts in =C2=
=B5BTC
quantities, it will be obvious that a =C2=B5BTC is a different magnitude th=
an a
BTC. Nobody is going to look at their 100,000 =C2=B5BTC balance and think =
they
have 100,000 BTC. People will immediately make the mental adjustment to the
new order of magnitude even if they don't specifically know that =C2=B5 mea=
ns
micro, or that micro means 1e-6.
Nicknames will form organically (much like buck, fin, large, k, grand, and
benny for U.S. currency), I've always been partial to milly (or millie) and
mike (or micky) as nicknames for mBTC and =C2=B5BTC. I've personally used =
those
when speaking with people, and they seem to catch on pretty quickly.
As has already been mentioned, you're going to be hard pressed to find
software that denotes U.S. balances in "bucks". There isn't any good
reason to be coding a nickname like "bit", "xbit", or "mike" into wallet
software.
- Danny Hamilton
On Tue, Apr 22, 2014 at 8:51 AM, Aaron Axvig <aaron@axvigs.com> wrote:
> That piece of horse equipment is called a bit in the US too. But the poi=
nt
> stands: most people don't use "bit" on a daily basis other than referring
> to
> "a little bit of <something>."
>
> -----Original Message-----
> From: Wladimir [mailto:laanwj@gmail.com]
> Sent: Sunday, April 20, 2014 11:27 AM
> To: Chris Pacia
> Cc: Bitcoin Dev
> Subject: Re: [Bitcoin-development] "bits": Unit of account
>
> On Sun, Apr 20, 2014 at 6:19 PM, Chris Pacia <ctpacia@gmail.com> wrote:
> > The term bit is really only overloaded for those who are techy. 95% of
> > the population never uses the term bit in their daily lives and I
> > doubt most could even name one use of the term.
> > Plus bit used to be a unit of money way back when, so this is kind of
> > reclaiming it. I think it's a great fit.
>
> That's a very anglocentric way of thinking.
>
> Here in the Netherlands, a "bit" is something you put in a horses's mouth=
.
> It's also used as imported word (in the information sense).
> We've never used the term for money.
>
> Wladimir
>
>
> -------------------------------------------------------------------------=
---
> --
> Learn Graph Databases - Download FREE O'Reilly Book "Graph Databases" is
> the
> definitive new guide to graph databases and their applications. Written b=
y
> three acclaimed leaders in the field, this first edition is now available=
.
> Download your free book today!
> http://p.sf.net/sfu/NeoTech
> _______________________________________________
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> Bitcoin-development@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
> -------------------------------------------------------------------------=
-----
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<div dir=3D"ltr"><div><div><div><div>It seems to me that xbit is no more di=
stinct or intuitive than =C2=B5bit. In either case it's simply an arbit=
rary character in front of the word "bit".=C2=A0 Of course, for t=
he majority of the world familiar with SI, the =C2=B5 actually adds additio=
nal meaning that is lost with the x.<br>
<br></div><div>Furthermore, given the multiple concerns voiced about the ov=
eruse of the word "bit", =C2=B5BTC seems to solve the problem.<br=
><br></div>Since we are talking about how it would be displayed in software=
, we don't need to be concerned about how people will pronounce it, or =
what the nickname will be.=C2=A0 If most of the wallets start displaying am=
ounts in =C2=B5BTC quantities, it will be obvious that a =C2=B5BTC is a dif=
ferent magnitude than a BTC.=C2=A0 Nobody is going to look at their 100,000=
=C2=B5BTC balance and think they have 100,000 BTC. People will immediately=
make the mental adjustment to the new order of magnitude even if they don&=
#39;t specifically know that =C2=B5 means micro, or that micro means 1e-6.<=
br>
<br></div>Nicknames will form organically (much like buck, fin, large, k, g=
rand, and benny for U.S. currency), I've always been partial to milly (=
or millie) and mike (or micky) as nicknames for mBTC and =C2=B5BTC.=C2=A0 I=
've personally used those when speaking with people, and they seem to c=
atch on pretty quickly.<br>
<br></div>As has already been mentioned, you're going to be hard presse=
d to find software that denotes U.S. balances in "bucks".=C2=A0 T=
here isn't any good reason to be coding a nickname like "bit"=
, "xbit", or "mike" into wallet software.<br>
<br></div>-=C2=A0 Danny Hamilton<br></div><div class=3D"gmail_extra"><br><b=
r><div class=3D"gmail_quote">On Tue, Apr 22, 2014 at 8:51 AM, Aaron Axvig <=
span dir=3D"ltr"><<a href=3D"mailto:aaron@axvigs.com" target=3D"_blank">=
aaron@axvigs.com</a>></span> wrote:<br>
<blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1p=
x #ccc solid;padding-left:1ex">That piece of horse equipment is called a bi=
t in the US too. =C2=A0But the point<br>
stands: most people don't use "bit" on a daily basis other th=
an referring to<br>
"a little bit of <something>."<br>
<div class=3D"HOEnZb"><div class=3D"h5"><br>
-----Original Message-----<br>
From: Wladimir [mailto:<a href=3D"mailto:laanwj@gmail.com">laanwj@gmail.com=
</a>]<br>
Sent: Sunday, April 20, 2014 11:27 AM<br>
To: Chris Pacia<br>
Cc: Bitcoin Dev<br>
Subject: Re: [Bitcoin-development] "bits": Unit of account<br>
<br>
On Sun, Apr 20, 2014 at 6:19 PM, Chris Pacia <<a href=3D"mailto:ctpacia@=
gmail.com">ctpacia@gmail.com</a>> wrote:<br>
> The term bit is really only overloaded for those who are techy. 95% of=
<br>
> the population never uses the term bit in their daily lives and I<br>
> doubt most could even name one use of the term.<br>
> Plus bit used to be a unit of money way back when, so this is kind of<=
br>
> reclaiming it. I think it's a great fit.<br>
<br>
That's a very anglocentric way of thinking.<br>
<br>
Here in the Netherlands, a "bit" is something you put in a horses=
's mouth.<br>
It's also used as imported word (in the information sense).<br>
We've never used the term for money.<br>
<br>
Wladimir<br>
<br>
---------------------------------------------------------------------------=
-<br>
--<br>
Learn Graph Databases - Download FREE O'Reilly Book "Graph Databas=
es" is the<br>
definitive new guide to graph databases and their applications. Written by<=
br>
three acclaimed leaders in the field, this first edition is now available.<=
br>
Download your free book today!<br>
<a href=3D"http://p.sf.net/sfu/NeoTech" target=3D"_blank">http://p.sf.net/s=
fu/NeoTech</a><br>
_______________________________________________<br>
Bitcoin-development mailing list<br>
<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
pment@lists.sourceforge.net</a><br>
<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br>
<br>
</div></div><div class=3D"im HOEnZb">--------------------------------------=
----------------------------------------<br>
Start Your Social Network Today - Download eXo Platform<br>
Build your Enterprise Intranet with eXo Platform Software<br>
Java Based Open Source Intranet - Social, Extensible, Cloud Ready<br>
Get Started Now And Turn Your Intranet Into A Collaboration Platform<br>
<a href=3D"http://p.sf.net/sfu/ExoPlatform" target=3D"_blank">http://p.sf.n=
et/sfu/ExoPlatform</a><br>
</div><div class=3D"HOEnZb"><div class=3D"h5">_____________________________=
__________________<br>
Bitcoin-development mailing list<br>
<a href=3D"mailto:Bitcoin-development@lists.sourceforge.net">Bitcoin-develo=
pment@lists.sourceforge.net</a><br>
<a href=3D"https://lists.sourceforge.net/lists/listinfo/bitcoin-development=
" target=3D"_blank">https://lists.sourceforge.net/lists/listinfo/bitcoin-de=
velopment</a><br>
</div></div></blockquote></div><br></div>
--047d7b6dc03a29310804f7b29848--
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