Mark Friedenbach [ARCHIVE] on Nostr: 📅 Original date posted:2013-11-14 📝 Original message:-----BEGIN PGP SIGNED ...
📅 Original date posted:2013-11-14
📝 Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
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
On 11/14/13 12:01 PM, Alan Reiner wrote:
> ... I'm also of the opinion that it's freakin' hard to change the
> base unit in such an established system. There is no easy way to
> do this that doesn't cause more heartache than it's worth...
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📝 Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
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
On 11/14/13 12:01 PM, Alan Reiner wrote:
> ... I'm also of the opinion that it's freakin' hard to change the
> base unit in such an established system. There is no easy way to
> do this that doesn't cause more heartache than it's worth...
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