Alex Kravets [ARCHIVE] on Nostr: 📅 Original date posted:2013-11-15 📝 Original message:Hi guys, I've seen many ...
📅 Original date posted:2013-11-15
📝 Original message:Hi guys,
I've seen many many non-geeks be utterly intimidated and confused by
0.000XXXXX quantities and/or mBTC & uBTC notation
Yes, $10 being rougnly 10,000 Won in South Korean is a great example where
large amounts of units work very well in a major economy.
FWIW, I would prefer the entire switch-over be done *once* *and *at the
same time switching both BTC to XBT and using the following
Currency Code *: *XBT
Unit Definition *: *1 Bit = 100 Satoshis
Addition benefit is splitting the term Bitcoin/bitcoin (as in Network and
currency unit) into Bitcoin (network) and Bit (the unit).
Perhaps this project/process should have a name and be listed on a road map
somewhere
*BRCS: *Bitcoin Re-denomination and [Currency] Code Standardization project
Cheers ...
On Fri, Nov 15, 2013 at 1:23 AM, Eugen Leitl <eugen at leitl.org> wrote:
> On Thu, Nov 14, 2013 at 05:53:16PM -0500, Alan Reiner wrote:
> > I really like the XBT idea. It makes a lot of sense to match the ISO
>
> I really don't. Just use the SI prefixes.
>
> > 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.
>
> The display units should be choosable by the user.
>
> > 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
>
> Why on earth?
>
> > 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.
>
> The reason SI prefixes were invented is exactly to preven that case.
>
>
> ------------------------------------------------------------------------------
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--
Alex Kravets <http://www.linkedin.com/in/akravets>; def redPill = '
Scala <http://www.scala-lang.org/>;
[[ brutal honesty <http://goo.gl/vwydt>; is the best policy ]]
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📝 Original message:Hi guys,
I've seen many many non-geeks be utterly intimidated and confused by
0.000XXXXX quantities and/or mBTC & uBTC notation
Yes, $10 being rougnly 10,000 Won in South Korean is a great example where
large amounts of units work very well in a major economy.
FWIW, I would prefer the entire switch-over be done *once* *and *at the
same time switching both BTC to XBT and using the following
Currency Code *: *XBT
Unit Definition *: *1 Bit = 100 Satoshis
Addition benefit is splitting the term Bitcoin/bitcoin (as in Network and
currency unit) into Bitcoin (network) and Bit (the unit).
Perhaps this project/process should have a name and be listed on a road map
somewhere
*BRCS: *Bitcoin Re-denomination and [Currency] Code Standardization project
Cheers ...
On Fri, Nov 15, 2013 at 1:23 AM, Eugen Leitl <eugen at leitl.org> wrote:
> On Thu, Nov 14, 2013 at 05:53:16PM -0500, Alan Reiner wrote:
> > I really like the XBT idea. It makes a lot of sense to match the ISO
>
> I really don't. Just use the SI prefixes.
>
> > 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.
>
> The display units should be choosable by the user.
>
> > 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
>
> Why on earth?
>
> > 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.
>
> The reason SI prefixes were invented is exactly to preven that case.
>
>
> ------------------------------------------------------------------------------
> 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
>
--
Alex Kravets <http://www.linkedin.com/in/akravets>; def redPill = '
Scala <http://www.scala-lang.org/>;
[[ brutal honesty <http://goo.gl/vwydt>; is the best policy ]]
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