Tamas Blummer [ARCHIVE] on Nostr: 📅 Original date posted:2019-03-07 📝 Original message:It is highly unikely that ...

📅 Original date posted:2019-03-07
📝 Original message:It is highly unikely that non-engineers will adopt scientific notation or mili/nano/pico prefixes for money.

All common currencies either have no change or one that is 1/100 of the base unit.
This is the convention that practically all existing finance software and non-Bitcoin related UI that deals with money assumes.

Ignoring evident cultural preference and all pre-existenting finance related software is blatant Bitcoin engineering blindness.

We already had a BIP for bits, which I support for above reasons. https://github.com/bitcoin/bips/blob/master/bip-0176.mediawiki

Tamas Blummer

> On Mar 7, 2019, at 00:35, Gregory Maxwell via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org> wrote:
>
> On Wed, Mar 6, 2019 at 12:32 AM Amine Chakak via bitcoin-dev
> <bitcoin-dev at lists.linuxfoundation.org> wrote:
>> The idea has been floated around to switch to satoshi as a base unit.
>
> If Satoshi wanted the currency units named after him, he would simply
> have done it. I think this behaviour seems creepy and is harmful to
> Bitcoin.
>
>> The lightning network uses satoshis as a base unit.
>
> It absolutely does not. Lightning uses units of 10 picobitcoin (1e-11
> btc), which is significantly smaller.
>
>> Pleas let me know if it would be appropriate to write a BIP for it.
>
> Please don't.
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