📅 Original date posted:2014-03-13
📝 Original message:BitPay should use mBTC as well. Unless you can point to any major wallets,
exchanges or price watching sites that use uBTC by default?
I think it is highly optimistic to assume we'll need another 1000x shift
any time soon. By now Bitcoin isn't obscure anymore. Lots of people have
heard about it. Getting from $1 to $1000 was amazing, but it was possible
through huge media coverage. Getting from $1000 to $1,000,000 would take
massive adoption of the kind Bitcoin isn't ready for yet.
On Thu, Mar 13, 2014 at 2:45 PM, Jeff Garzik <jgarzik at bitpay.com> wrote:
> <vendor hat: on>
>
> Based on this seeming consensus, BitPay was headed towards uBTC
> internally, and hoped to coordinate messaging and rollout with others
> in the community. Ah well, proceed apace, and Bitcoin Wallet will
> catch up, I suppose.
>
> Multiple unit changes negatively impact users, but we are already there :/
>
>
> On Thu, Mar 13, 2014 at 9:34 AM, Wladimir <laanwj at gmail.com> wrote:
> >
> > On Thu, Mar 13, 2014 at 1:56 PM, Jeff Garzik <jgarzik at bitpay.com> wrote:
> >>
> >> Resurrecting this topic. Bitcoin Wallet moved to mBTC several weeks
> >> ago, which was disappointing -- it sounded like the consensus was
> >> uBTC, and moving to uBTC later --which will happen-- may result in
> >> additional user confusion, thanks to yet another decimal place
> >> transition.
> >
> >
> > I've kind of given up getting any consensus about this, or even getting
> > people to care.
> >
> > Everyone agrees that a decimal shift would be good, but it's the same
> boring
> > shed painting discussion every time on how many decimals. In the end
> nothing
> > happens.
> >
> > I can't really blame Andreas for finally taking action and making the
> change
> > to mBTC. People in the community are familiar with mBTC because some
> > exchanges and price sites used mBTC (at least for a while when >$1000),
> also
> > mBTC seems to be catching on on reddit etc.
> >
> > Moving to muBTC (which in itself would be better because it is the final
> > unit change ever needed without hardfork) would require more coordinated
> > education effort.
> >
> > Wladimir
>
>
>
> --
> Jeff Garzik
> Bitcoin core developer and open source evangelist
> BitPay, Inc. https://bitpay.com/
>
>
> ------------------------------------------------------------------------------
> Learn Graph Databases - Download FREE O'Reilly Book
> "Graph Databases" is the definitive new guide to graph databases and their
> applications. Written by three acclaimed leaders in the field,
> this first edition is now available. Download your free book today!
> http://p.sf.net/sfu/13534_NeoTech
> _______________________________________________
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>
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Mike Hearn [ARCHIVE] /
npub17t…4qgyd
2023-06-07 15:15:32
in reply to nevent1q…w885
Author Public Key
npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgydPublished at
2023-06-07 15:15:32Event JSON
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"content": "📅 Original date posted:2014-03-13\n📝 Original message:BitPay should use mBTC as well. Unless you can point to any major wallets,\nexchanges or price watching sites that use uBTC by default?\n\nI think it is highly optimistic to assume we'll need another 1000x shift\nany time soon. By now Bitcoin isn't obscure anymore. Lots of people have\nheard about it. Getting from $1 to $1000 was amazing, but it was possible\nthrough huge media coverage. Getting from $1000 to $1,000,000 would take\nmassive adoption of the kind Bitcoin isn't ready for yet.\n\n\n\nOn Thu, Mar 13, 2014 at 2:45 PM, Jeff Garzik \u003cjgarzik at bitpay.com\u003e wrote:\n\n\u003e \u003cvendor hat: on\u003e\n\u003e\n\u003e Based on this seeming consensus, BitPay was headed towards uBTC\n\u003e internally, and hoped to coordinate messaging and rollout with others\n\u003e in the community. Ah well, proceed apace, and Bitcoin Wallet will\n\u003e catch up, I suppose.\n\u003e\n\u003e Multiple unit changes negatively impact users, but we are already there :/\n\u003e\n\u003e\n\u003e On Thu, Mar 13, 2014 at 9:34 AM, Wladimir \u003claanwj at gmail.com\u003e wrote:\n\u003e \u003e\n\u003e \u003e On Thu, Mar 13, 2014 at 1:56 PM, Jeff Garzik \u003cjgarzik at bitpay.com\u003e wrote:\n\u003e \u003e\u003e\n\u003e \u003e\u003e Resurrecting this topic. Bitcoin Wallet moved to mBTC several weeks\n\u003e \u003e\u003e ago, which was disappointing -- it sounded like the consensus was\n\u003e \u003e\u003e uBTC, and moving to uBTC later --which will happen-- may result in\n\u003e \u003e\u003e additional user confusion, thanks to yet another decimal place\n\u003e \u003e\u003e transition.\n\u003e \u003e\n\u003e \u003e\n\u003e \u003e I've kind of given up getting any consensus about this, or even getting\n\u003e \u003e people to care.\n\u003e \u003e\n\u003e \u003e Everyone agrees that a decimal shift would be good, but it's the same\n\u003e boring\n\u003e \u003e shed painting discussion every time on how many decimals. In the end\n\u003e nothing\n\u003e \u003e happens.\n\u003e \u003e\n\u003e \u003e I can't really blame Andreas for finally taking action and making the\n\u003e change\n\u003e \u003e to mBTC. People in the community are familiar with mBTC because some\n\u003e \u003e exchanges and price sites used mBTC (at least for a while when \u003e$1000),\n\u003e also\n\u003e \u003e mBTC seems to be catching on on reddit etc.\n\u003e \u003e\n\u003e \u003e Moving to muBTC (which in itself would be better because it is the final\n\u003e \u003e unit change ever needed without hardfork) would require more coordinated\n\u003e \u003e education effort.\n\u003e \u003e\n\u003e \u003e Wladimir\n\u003e\n\u003e\n\u003e\n\u003e --\n\u003e Jeff Garzik\n\u003e Bitcoin core developer and open source evangelist\n\u003e BitPay, Inc. https://bitpay.com/\n\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e Learn Graph Databases - Download FREE O'Reilly Book\n\u003e \"Graph Databases\" is the definitive new guide to graph databases and their\n\u003e applications. Written by three acclaimed leaders in the field,\n\u003e this first edition is now available. Download your free book today!\n\u003e http://p.sf.net/sfu/13534_NeoTech\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\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140313/a782ced9/attachment.html\u003e",
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