Alan Reiner [ARCHIVE] on Nostr: 📅 Original date posted:2013-11-14 📝 Original message:I really like the XBT ...
📅 Original date posted:2013-11-14
📝 Original message:I really like the XBT idea. It makes a lot of sense to match the ISO
currency symbol (though the ISO guys will have to adjust the way they've
defined the "XBT"). And I do agree that going right to uBTC and
skipping mBTC makes sense, too.
I'd prefer them not be called "micro bitcoins." I really want to call
them "microbes" ... but I'm not sure that has the right flavor for money
transfer :) "Please give me 872 microbes". Perhaps we just call them
"bits." Or even "micros" or "microbits". As I write this, I realize
there's probably 872 threads on the forums about this already...
But we would want to promote a consistent term, to avoid further
confusion when people use different names for the new unit. It's not
guaranteed to be successful, but if we pick a good name, and build it
into the interface on the first release pushing the new unit, we have a
chance to make the transition even easier.
On 11/14/2013 05:31 PM, Mark Friedenbach wrote:
> 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 at monetize.io
> > <mailto:mark at 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
>
>
------------------------------------------------------------------------------
> DreamFactory - Open Source REST & JSON Services for HTML5 & Native Apps
> OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access
> Free app hosting. Or install the open source package on any LAMP server.
> Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native!
>
http://pubads.g.doubleclick.net/gampad/clk?id=63469471&iu=/4140/ostg.clktrk
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131114/c8bca901/attachment.html>;
📝 Original message:I really like the XBT idea. It makes a lot of sense to match the ISO
currency symbol (though the ISO guys will have to adjust the way they've
defined the "XBT"). And I do agree that going right to uBTC and
skipping mBTC makes sense, too.
I'd prefer them not be called "micro bitcoins." I really want to call
them "microbes" ... but I'm not sure that has the right flavor for money
transfer :) "Please give me 872 microbes". Perhaps we just call them
"bits." Or even "micros" or "microbits". As I write this, I realize
there's probably 872 threads on the forums about this already...
But we would want to promote a consistent term, to avoid further
confusion when people use different names for the new unit. It's not
guaranteed to be successful, but if we pick a good name, and build it
into the interface on the first release pushing the new unit, we have a
chance to make the transition even easier.
On 11/14/2013 05:31 PM, Mark Friedenbach wrote:
> 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 at monetize.io
> > <mailto:mark at 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
>
>
------------------------------------------------------------------------------
> DreamFactory - Open Source REST & JSON Services for HTML5 & Native Apps
> OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access
> Free app hosting. Or install the open source package on any LAMP server.
> Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native!
>
http://pubads.g.doubleclick.net/gampad/clk?id=63469471&iu=/4140/ostg.clktrk
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131114/c8bca901/attachment.html>;