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Message-ID: <52854F59.9000500@monetize.io>
Date: Thu, 14 Nov 2013 14:31:53 -0800
From: Mark Friedenbach <mark@monetize.io>
Organization: Monetize.io Inc.
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To: Jeff Garzik <jgarzik@bitpay.com>
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Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] moving the default display to mbtc
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-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
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
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