Tamas Blummer [ARCHIVE] on Nostr: 📅 Original date posted:2014-03-14 📝 Original message:You give them a hard to ...
📅 Original date posted:2014-03-14
📝 Original message:You give them a hard to interpret thing like mBTC and then wonder why
they rather look at local currency. Because the choices you gave them are bad.
I think Bitcoin would have a better chance to be percieved as a currency
of its own if it had prices and fractions like currencies do.
3.558 mBTC or 0.003578 BTC will never be as accepted as 3558 bits would be.
Tamas Blummer
Bits of Proof
On 14.03.2014, at 15:05, Andreas Schildbach <andreas at schildbach.de> wrote:
> btw. None of Bitcoin Wallet's users complained about confusion because
> of the mBTC switch. In contrast, I get many mails and questions if
> exchange rates happen to differ by >10%.
>
> I suspect nobody looks at the Bitcoin price. It's the amount in local
> currency that matters to the users.
>
>
> On 03/13/2014 02:40 PM, Andreas Schildbach wrote:
>> Indeed. And users were crying for mBTC. Nobody was asking for µBTC.
>>
>> I must admit I was not aware if this thread. I just watched other
>> wallets and at some point decided its time to switch to mBTC.
>>
>>
>> On 03/13/2014 02:31 PM, Mike Hearn wrote:
>>> The standard has become mBTC and that's what was adopted. It's too late
>>> to try and sway this on a mailing list thread now.
>>>
>>>
>>> On Thu, Mar 13, 2014 at 2:29 PM, Gary Rowe <g.rowe at froot.co.uk
>>> <mailto:g.rowe at froot.co.uk>> wrote:
>>>
>>> The MultiBit HD view is that this is a locale-sensitive presentation
>>> issue. As a result we offer a simple configuration panel giving
>>> pretty much every possible combination: icon, m+icon, μ+icon, BTC,
>>> mBTC, μBTC, XBT, mXBT, μXBT, sat along with settings for
>>> leading/trailing symbol, commas, spaces and points. This allows
>>> anyone to customise to meet their own needs beyond the offered default.
>>>
>>> We apply the NIST guidelines for representation of SI unit symbols
>>> (i.e no conversion to native language, no RTL giving icon+m etc).
>>>
>>> Right now MultiBit HD is configured to use m+icon taken from the
>>> Font Awesome icon set. However reading earlier posts it seems
>>> that μ+icon is more sensible.
>>>
>>> Let us know what you'd like.
>>>
>>> Links:
>>> m+icon screenshot: http://imgur.com/a/WCDoG
>>> Font Awesome icon: http://fortawesome.github.io/Font-Awesome/icon/btc/
>>> NIST SI guidelines: http://physics.nist.gov/Pubs/SP811/sec07.html
>>>
>>>
>>> On 13 March 2014 12:56, Jeff Garzik <jgarzik at bitpay.com
>>> <mailto:jgarzik at bitpay.com>> wrote:
>>>
>>> Resurrecting this topic. Bitcoin Wallet moved to mBTC several weeks
>>> ago, which was disappointing -- it sounded like the consensus was
>>> uBTC, and moving to uBTC later --which will happen-- may result in
>>> additional user confusion, thanks to yet another decimal place
>>> transition.
>>>
>>>
>>>
>>> On Sun, Nov 17, 2013 at 9:28 PM, Wendell <w at grabhive.com
>>> <mailto:w at grabhive.com>> wrote:
>>>> We're with uBTC too. Been waiting for the signal to do this,
>>> let's do it right after the fee system is improved.
>>>>
>>>> -wendell
>>>>
>>>> grabhive.com <http://grabhive.com>; | twitter.com/hivewallet
>>> <http://twitter.com/hivewallet>; | gpg: 6C0C9411
>>>>
>>>> On Nov 15, 2013, at 6:03 AM, 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 Garzik
>>> Bitcoin core developer and open source evangelist
>>> BitPay, Inc. https://bitpay.com/
>>>
>>> ------------------------------------------------------------------------------
>>> Learn Graph Databases - Download FREE O'Reilly Book
>>> "Graph Databases" is the definitive new guide to graph databases
>>> and their
>>> applications. Written by three acclaimed leaders in the field,
>>> this first edition is now available. Download your free book today!
>>> http://p.sf.net/sfu/13534_NeoTech
>>> _______________________________________________
>>> Bitcoin-development mailing list
>>> Bitcoin-development at lists.sourceforge.net
>>> <mailto:Bitcoin-development at lists.sourceforge.net>
>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>
>>>
>>>
>>> ------------------------------------------------------------------------------
>>> Learn Graph Databases - Download FREE O'Reilly Book
>>> "Graph Databases" is the definitive new guide to graph databases and
>>> their
>>> applications. Written by three acclaimed leaders in the field,
>>> this first edition is now available. Download your free book today!
>>> http://p.sf.net/sfu/13534_NeoTech
>>> _______________________________________________
>>> Bitcoin-development mailing list
>>> Bitcoin-development at lists.sourceforge.net
>>> <mailto:Bitcoin-development at lists.sourceforge.net>
>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>
>>>
>>>
>>>
>>> ------------------------------------------------------------------------------
>>> Learn Graph Databases - Download FREE O'Reilly Book
>>> "Graph Databases" is the definitive new guide to graph databases and their
>>> applications. Written by three acclaimed leaders in the field,
>>> this first edition is now available. Download your free book today!
>>> http://p.sf.net/sfu/13534_NeoTech
>>>
>>>
>>>
>>> _______________________________________________
>>> Bitcoin-development mailing list
>>> Bitcoin-development at lists.sourceforge.net
>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>
>>
>>
>>
>> ------------------------------------------------------------------------------
>> Learn Graph Databases - Download FREE O'Reilly Book
>> "Graph Databases" is the definitive new guide to graph databases and their
>> applications. Written by three acclaimed leaders in the field,
>> this first edition is now available. Download your free book today!
>> http://p.sf.net/sfu/13534_NeoTech
>> _______________________________________________
>> Bitcoin-development mailing list
>> Bitcoin-development at lists.sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>
>
>
>
> ------------------------------------------------------------------------------
> Learn Graph Databases - Download FREE O'Reilly Book
> "Graph Databases" is the definitive new guide to graph databases and their
> applications. Written by three acclaimed leaders in the field,
> this first edition is now available. Download your free book today!
> http://p.sf.net/sfu/13534_NeoTech
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
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📝 Original message:You give them a hard to interpret thing like mBTC and then wonder why
they rather look at local currency. Because the choices you gave them are bad.
I think Bitcoin would have a better chance to be percieved as a currency
of its own if it had prices and fractions like currencies do.
3.558 mBTC or 0.003578 BTC will never be as accepted as 3558 bits would be.
Tamas Blummer
Bits of Proof
On 14.03.2014, at 15:05, Andreas Schildbach <andreas at schildbach.de> wrote:
> btw. None of Bitcoin Wallet's users complained about confusion because
> of the mBTC switch. In contrast, I get many mails and questions if
> exchange rates happen to differ by >10%.
>
> I suspect nobody looks at the Bitcoin price. It's the amount in local
> currency that matters to the users.
>
>
> On 03/13/2014 02:40 PM, Andreas Schildbach wrote:
>> Indeed. And users were crying for mBTC. Nobody was asking for µBTC.
>>
>> I must admit I was not aware if this thread. I just watched other
>> wallets and at some point decided its time to switch to mBTC.
>>
>>
>> On 03/13/2014 02:31 PM, Mike Hearn wrote:
>>> The standard has become mBTC and that's what was adopted. It's too late
>>> to try and sway this on a mailing list thread now.
>>>
>>>
>>> On Thu, Mar 13, 2014 at 2:29 PM, Gary Rowe <g.rowe at froot.co.uk
>>> <mailto:g.rowe at froot.co.uk>> wrote:
>>>
>>> The MultiBit HD view is that this is a locale-sensitive presentation
>>> issue. As a result we offer a simple configuration panel giving
>>> pretty much every possible combination: icon, m+icon, μ+icon, BTC,
>>> mBTC, μBTC, XBT, mXBT, μXBT, sat along with settings for
>>> leading/trailing symbol, commas, spaces and points. This allows
>>> anyone to customise to meet their own needs beyond the offered default.
>>>
>>> We apply the NIST guidelines for representation of SI unit symbols
>>> (i.e no conversion to native language, no RTL giving icon+m etc).
>>>
>>> Right now MultiBit HD is configured to use m+icon taken from the
>>> Font Awesome icon set. However reading earlier posts it seems
>>> that μ+icon is more sensible.
>>>
>>> Let us know what you'd like.
>>>
>>> Links:
>>> m+icon screenshot: http://imgur.com/a/WCDoG
>>> Font Awesome icon: http://fortawesome.github.io/Font-Awesome/icon/btc/
>>> NIST SI guidelines: http://physics.nist.gov/Pubs/SP811/sec07.html
>>>
>>>
>>> On 13 March 2014 12:56, Jeff Garzik <jgarzik at bitpay.com
>>> <mailto:jgarzik at bitpay.com>> wrote:
>>>
>>> Resurrecting this topic. Bitcoin Wallet moved to mBTC several weeks
>>> ago, which was disappointing -- it sounded like the consensus was
>>> uBTC, and moving to uBTC later --which will happen-- may result in
>>> additional user confusion, thanks to yet another decimal place
>>> transition.
>>>
>>>
>>>
>>> On Sun, Nov 17, 2013 at 9:28 PM, Wendell <w at grabhive.com
>>> <mailto:w at grabhive.com>> wrote:
>>>> We're with uBTC too. Been waiting for the signal to do this,
>>> let's do it right after the fee system is improved.
>>>>
>>>> -wendell
>>>>
>>>> grabhive.com <http://grabhive.com>; | twitter.com/hivewallet
>>> <http://twitter.com/hivewallet>; | gpg: 6C0C9411
>>>>
>>>> On Nov 15, 2013, at 6:03 AM, 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 Garzik
>>> Bitcoin core developer and open source evangelist
>>> BitPay, Inc. https://bitpay.com/
>>>
>>> ------------------------------------------------------------------------------
>>> Learn Graph Databases - Download FREE O'Reilly Book
>>> "Graph Databases" is the definitive new guide to graph databases
>>> and their
>>> applications. Written by three acclaimed leaders in the field,
>>> this first edition is now available. Download your free book today!
>>> http://p.sf.net/sfu/13534_NeoTech
>>> _______________________________________________
>>> Bitcoin-development mailing list
>>> Bitcoin-development at lists.sourceforge.net
>>> <mailto:Bitcoin-development at lists.sourceforge.net>
>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>
>>>
>>>
>>> ------------------------------------------------------------------------------
>>> Learn Graph Databases - Download FREE O'Reilly Book
>>> "Graph Databases" is the definitive new guide to graph databases and
>>> their
>>> applications. Written by three acclaimed leaders in the field,
>>> this first edition is now available. Download your free book today!
>>> http://p.sf.net/sfu/13534_NeoTech
>>> _______________________________________________
>>> Bitcoin-development mailing list
>>> Bitcoin-development at lists.sourceforge.net
>>> <mailto:Bitcoin-development at lists.sourceforge.net>
>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>
>>>
>>>
>>>
>>> ------------------------------------------------------------------------------
>>> Learn Graph Databases - Download FREE O'Reilly Book
>>> "Graph Databases" is the definitive new guide to graph databases and their
>>> applications. Written by three acclaimed leaders in the field,
>>> this first edition is now available. Download your free book today!
>>> http://p.sf.net/sfu/13534_NeoTech
>>>
>>>
>>>
>>> _______________________________________________
>>> Bitcoin-development mailing list
>>> Bitcoin-development at lists.sourceforge.net
>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>
>>
>>
>>
>> ------------------------------------------------------------------------------
>> Learn Graph Databases - Download FREE O'Reilly Book
>> "Graph Databases" is the definitive new guide to graph databases and their
>> applications. Written by three acclaimed leaders in the field,
>> this first edition is now available. Download your free book today!
>> http://p.sf.net/sfu/13534_NeoTech
>> _______________________________________________
>> Bitcoin-development mailing list
>> Bitcoin-development at lists.sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>
>
>
>
> ------------------------------------------------------------------------------
> Learn Graph Databases - Download FREE O'Reilly Book
> "Graph Databases" is the definitive new guide to graph databases and their
> applications. Written by three acclaimed leaders in the field,
> this first edition is now available. Download your free book today!
> http://p.sf.net/sfu/13534_NeoTech
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
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