📅 Original date posted:2013-11-14 📝 Original message:-----BEGIN PGP SIGNED ...

Mark Friedenbach [ARCHIVE] /

npub1r3s…8d0u

2023-06-07 15:09:39

in reply to nevent1q…tf0g

📅 Original date posted:2013-11-14
📝 Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

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
-----BEGIN PGP SIGNATURE-----
Version: GnuPG/MacGPG2 v2.0.19 (Darwin)
Comment: GPGTools - http://gpgtools.org
Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/
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=J7x7
-----END PGP SIGNATURE-----

Author Public Key

npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0u

Show more details

Published at

2023-06-07 15:09:39

Kind type

1 Short Text Note

Event JSON

{ "id": "c5be49dacee712f84cda616c0f6a271e05609b52d7831b2dba2708fb6128a7d9", "pubkey": "1c61d995949cbfaf14f767784e166bde865c7b8783d7aa3bf0a1d014b70c0069", "created_at": 1686150579, "kind": 1, "tags": [ [ "e", "f949fa80b2178db0fa7c7377159ffdf8cd87cc4a75383c5243367fef9a888c57", "", "root" ], [ "e", "2ec4c27c071053f077235b6e5d389eb6cdb0bb6503af7a56dd6c8c330258fdf9", "", "reply" ], [ "p", "b25e10e25d470d9b215521b50da0dfe7a209bec7fedeb53860c3e180ffdc8c11" ] ], "content": "📅 Original date posted:2013-11-14\n📝 Original message:-----BEGIN PGP SIGNED MESSAGE-----\nHash: SHA1\n\nWhoops, this was meant for the list:\n\nDrawing on analogues from national currencies, it's also possible to\nalleviate the confusion by switching currency symbols, e.g. to XBT or\nNBC (New Bitcoin).\n\n1 XBC == 1 uBTC\n\nOn 11/14/13 2:03 PM, Jeff Garzik wrote:\n\u003e Go straight to uBTC. Humans and existing computer systems handle\n\u003e numbers to the left of the decimals just fine (HK Dollars, Yen).\n\u003e The opposite is untrue (QuickBooks really does not like 3+ decimal\n\u003e places).\n\u003e \n\u003e - Jeff\n\u003e \n\u003e On Nov 14, 2013 4:40 PM, \"Mark Friedenbach\" \u003cmark at monetize.io \n\u003e \u003cmailto:mark at monetize.io\u003e\u003e wrote:\n\u003e \n\u003e For this reason I'm in favor of skipping mBTC and moving straight\n\u003e to uBTC. Having eight, or even five decimal places is not intuitive\n\u003e to the average user. Two decimal places is becoming standard for\n\u003e new national currencies, and we wouldn't be too far from human\n\u003e scale everyday numbers: 25.00uBTC ~= $0.01 currently. And I don't\n\u003e think very many people on this list would consider bitcoin\n\u003e overvalued in the long term perspective.\n\u003e \n\u003e Better to go through a confusing renumbering only once.\n\u003e \n\u003e Mark\n-----BEGIN PGP SIGNATURE-----\nVersion: GnuPG/MacGPG2 v2.0.19 (Darwin)\nComment: GPGTools - http://gpgtools.org\nComment: Using GnuPG with Thunderbird - http://www.enigmail.net/\n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\njZi0WrHXHpg3ThXP8Jdj\n=J7x7\n-----END PGP SIGNATURE-----", "sig": "2c7914bfc3b5ab06fb56f4883d464da23b37978c9eb9976e445cec085361b8eda5979f489b501135bc6cdfb47c8481b74946e7db4ae56973ac70adae87b3d332" }