📅 Original date posted:2013-11-14
📝 Original message:I really like the XBT idea. It makes a lot of sense to match the ISO
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.
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
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.
On 11/14/2013 05:31 PM, Mark Friedenbach wrote:
> 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
>
>
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Alan Reiner [ARCHIVE] /
npub1sm…mnq7h
2023-06-07 15:09:39
in reply to nevent1q…unln
Author Public Key
npub1sm6zhjmk5scuz294jmpkw99wwwjzetjgwp4fu4gn6utqgdz87hkqamnq7hPublished at
2023-06-07 15:09:39Event JSON
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"content": "📅 Original date posted:2013-11-14\n📝 Original message:I really like the XBT idea. It makes a lot of sense to match the ISO\ncurrency symbol (though the ISO guys will have to adjust the way they've\ndefined the \"XBT\"). And I do agree that going right to uBTC and\nskipping mBTC makes sense, too.\n\nI'd prefer them not be called \"micro bitcoins.\" I really want to call\nthem \"microbes\" ... but I'm not sure that has the right flavor for money\ntransfer :) \"Please give me 872 microbes\". Perhaps we just call them\n\"bits.\" Or even \"micros\" or \"microbits\". As I write this, I realize\nthere's probably 872 threads on the forums about this already...\n\nBut we would want to promote a consistent term, to avoid further\nconfusion when people use different names for the new unit. It's not\nguaranteed to be successful, but if we pick a good name, and build it\ninto the interface on the first release pushing the new unit, we have a\nchance to make the transition even easier.\n\n\n\n\n\nOn 11/14/2013 05:31 PM, Mark Friedenbach wrote:\n\u003e Whoops, this was meant for the list:\n\u003e\n\u003e Drawing on analogues from national currencies, it's also possible to\n\u003e alleviate the confusion by switching currency symbols, e.g. to XBT or\n\u003e NBC (New Bitcoin).\n\u003e\n\u003e 1 XBC == 1 uBTC\n\u003e\n\u003e On 11/14/13 2:03 PM, Jeff Garzik wrote:\n\u003e \u003e Go straight to uBTC. Humans and existing computer systems handle\n\u003e \u003e numbers to the left of the decimals just fine (HK Dollars, Yen).\n\u003e \u003e The opposite is untrue (QuickBooks really does not like 3+ decimal\n\u003e \u003e places).\n\u003e\n\u003e \u003e - Jeff\n\u003e\n\u003e \u003e On Nov 14, 2013 4:40 PM, \"Mark Friedenbach\" \u003cmark at monetize.io\n\u003e \u003e \u003cmailto:mark at monetize.io\u003e\u003e wrote:\n\u003e\n\u003e \u003e For this reason I'm in favor of skipping mBTC and moving straight\n\u003e \u003e to uBTC. Having eight, or even five decimal places is not intuitive\n\u003e \u003e to the average user. Two decimal places is becoming standard for\n\u003e \u003e new national currencies, and we wouldn't be too far from human\n\u003e \u003e scale everyday numbers: 25.00uBTC ~= $0.01 currently. And I don't\n\u003e \u003e think very many people on this list would consider bitcoin\n\u003e \u003e overvalued in the long term perspective.\n\u003e\n\u003e \u003e Better to go through a confusing renumbering only once.\n\u003e\n\u003e \u003e Mark\n\u003e\n\u003e\n------------------------------------------------------------------------------\n\u003e DreamFactory - Open Source REST \u0026 JSON Services for HTML5 \u0026 Native Apps\n\u003e OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access\n\u003e Free app hosting. Or install the open source package on any LAMP server.\n\u003e Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native!\n\u003e\nhttp://pubads.g.doubleclick.net/gampad/clk?id=63469471\u0026iu=/4140/ostg.clktrk\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing list\n\u003e Bitcoin-development at lists.sourceforge.net\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\n\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131114/c8bca901/attachment.html\u003e",
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