📅 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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Alex Kravets [ARCHIVE] /
npub15t…4eg6q
2023-06-07 15:09:40
in reply to nevent1q…56nm
Author Public Key
npub15te7jlfhpkequ3fk7uhwgw700y5ykn6x4llt68y09mejjvn7zfcqs4eg6qSeen on
wss://relay.nostr.bandPublished at
2023-06-07 15:09:40Event JSON
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"content": "📅 Original date posted:2013-11-15\n📝 Original message:Hi guys,\n\nI've seen many many non-geeks be utterly intimidated and confused by\n0.000XXXXX quantities and/or mBTC \u0026 uBTC notation\n\n\nYes, $10 being rougnly 10,000 Won in South Korean is a great example where\nlarge amounts of units work very well in a major economy.\n\n\nFWIW, I would prefer the entire switch-over be done *once* *and *at the\nsame time switching both BTC to XBT and using the following\n\n\nCurrency Code *: *XBT\nUnit Definition *: *1 Bit = 100 Satoshis\n\nAddition benefit is splitting the term Bitcoin/bitcoin (as in Network and\ncurrency unit) into Bitcoin (network) and Bit (the unit).\n\n\nPerhaps this project/process should have a name and be listed on a road map\nsomewhere\n\n*BRCS: *Bitcoin Re-denomination and [Currency] Code Standardization project\n\n\nCheers ...\n\n\n\n\n\nOn Fri, Nov 15, 2013 at 1:23 AM, Eugen Leitl \u003ceugen at leitl.org\u003e wrote:\n\n\u003e On Thu, Nov 14, 2013 at 05:53:16PM -0500, Alan Reiner wrote:\n\u003e \u003e I really like the XBT idea. It makes a lot of sense to match the ISO\n\u003e\n\u003e I really don't. Just use the SI prefixes.\n\u003e\n\u003e \u003e currency symbol (though the ISO guys will have to adjust the way they've\n\u003e \u003e defined the \"XBT\"). And I do agree that going right to uBTC and\n\u003e \u003e skipping mBTC makes sense, too.\n\u003e\n\u003e The display units should be choosable by the user.\n\u003e\n\u003e \u003e I'd prefer them not be called \"micro bitcoins.\" I really want to call\n\u003e \u003e them \"microbes\" ... but I'm not sure that has the right flavor for money\n\u003e\n\u003e Why on earth?\n\u003e\n\u003e \u003e transfer :) \"Please give me 872 microbes\". Perhaps we just call them\n\u003e \u003e \"bits.\" Or even \"micros\" or \"microbits\". As I write this, I realize\n\u003e \u003e there's probably 872 threads on the forums about this already...\n\u003e \u003e\n\u003e \u003e But we would want to promote a consistent term, to avoid further\n\u003e \u003e confusion when people use different names for the new unit. It's not\n\u003e \u003e guaranteed to be successful, but if we pick a good name, and build it\n\u003e \u003e into the interface on the first release pushing the new unit, we have a\n\u003e \u003e chance to make the transition even easier.\n\u003e\n\u003e The reason SI prefixes were invented is exactly to preven that case.\n\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\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 http://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\u003e\n\n\n\n-- \nAlex Kravets \u003chttp://www.linkedin.com/in/akravets\u003e def redPill = '\nScala \u003chttp://www.scala-lang.org/\u003e\n[[ brutal honesty \u003chttp://goo.gl/vwydt\u003e is the best policy ]]\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131115/8eb4c3e6/attachment.html\u003e",
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