Mike Hearn [ARCHIVE] on Nostr: 📅 Original date posted:2014-03-13 📝 Original message:BitPay should use mBTC as ...
📅 Original date posted:2014-03-13
📝 Original message:BitPay should use mBTC as well. Unless you can point to any major wallets,
exchanges or price watching sites that use uBTC by default?
I think it is highly optimistic to assume we'll need another 1000x shift
any time soon. By now Bitcoin isn't obscure anymore. Lots of people have
heard about it. Getting from $1 to $1000 was amazing, but it was possible
through huge media coverage. Getting from $1000 to $1,000,000 would take
massive adoption of the kind Bitcoin isn't ready for yet.
On Thu, Mar 13, 2014 at 2:45 PM, Jeff Garzik <jgarzik at bitpay.com> wrote:
> <vendor hat: on>
>
> Based on this seeming consensus, BitPay was headed towards uBTC
> internally, and hoped to coordinate messaging and rollout with others
> in the community. Ah well, proceed apace, and Bitcoin Wallet will
> catch up, I suppose.
>
> Multiple unit changes negatively impact users, but we are already there :/
>
>
> On Thu, Mar 13, 2014 at 9:34 AM, Wladimir <laanwj at gmail.com> wrote:
> >
> > On Thu, Mar 13, 2014 at 1:56 PM, Jeff Garzik <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.
> >
> >
> > I've kind of given up getting any consensus about this, or even getting
> > people to care.
> >
> > Everyone agrees that a decimal shift would be good, but it's the same
> boring
> > shed painting discussion every time on how many decimals. In the end
> nothing
> > happens.
> >
> > I can't really blame Andreas for finally taking action and making the
> change
> > to mBTC. People in the community are familiar with mBTC because some
> > exchanges and price sites used mBTC (at least for a while when >$1000),
> also
> > mBTC seems to be catching on on reddit etc.
> >
> > Moving to muBTC (which in itself would be better because it is the final
> > unit change ever needed without hardfork) would require more coordinated
> > education effort.
> >
> > Wladimir
>
>
>
> --
> Jeff Garzik
> Bitcoin core developer and open source evangelist
> BitPay, Inc. https://bitpay.com/
>
>
> ------------------------------------------------------------------------------
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> 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
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📝 Original message:BitPay should use mBTC as well. Unless you can point to any major wallets,
exchanges or price watching sites that use uBTC by default?
I think it is highly optimistic to assume we'll need another 1000x shift
any time soon. By now Bitcoin isn't obscure anymore. Lots of people have
heard about it. Getting from $1 to $1000 was amazing, but it was possible
through huge media coverage. Getting from $1000 to $1,000,000 would take
massive adoption of the kind Bitcoin isn't ready for yet.
On Thu, Mar 13, 2014 at 2:45 PM, Jeff Garzik <jgarzik at bitpay.com> wrote:
> <vendor hat: on>
>
> Based on this seeming consensus, BitPay was headed towards uBTC
> internally, and hoped to coordinate messaging and rollout with others
> in the community. Ah well, proceed apace, and Bitcoin Wallet will
> catch up, I suppose.
>
> Multiple unit changes negatively impact users, but we are already there :/
>
>
> On Thu, Mar 13, 2014 at 9:34 AM, Wladimir <laanwj at gmail.com> wrote:
> >
> > On Thu, Mar 13, 2014 at 1:56 PM, Jeff Garzik <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.
> >
> >
> > I've kind of given up getting any consensus about this, or even getting
> > people to care.
> >
> > Everyone agrees that a decimal shift would be good, but it's the same
> boring
> > shed painting discussion every time on how many decimals. In the end
> nothing
> > happens.
> >
> > I can't really blame Andreas for finally taking action and making the
> change
> > to mBTC. People in the community are familiar with mBTC because some
> > exchanges and price sites used mBTC (at least for a while when >$1000),
> also
> > mBTC seems to be catching on on reddit etc.
> >
> > Moving to muBTC (which in itself would be better because it is the final
> > unit change ever needed without hardfork) would require more coordinated
> > education effort.
> >
> > Wladimir
>
>
>
> --
> 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
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
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