Natanael [ARCHIVE] on Nostr: 📅 Original date posted:2014-03-14 📝 Original message:Regarding (ISO standards) ...

📅 Original date posted:2014-03-14
📝 Original message:Regarding (ISO standards) currency symbols, XBT is already used as
equivalent to 1 Bitcoin in numerous places, and XBC is taken and BT*
belongs to Bhutan (and X** is already the default for non-national currency
common items of trade), so IMHO we should define something like XUB as
microbitcoins so we can have a symbol that doesn't require changing any
existing systems and that can be standardized globally. Then those with
accounting software that needs to deal with something that has two decimals
maximum without losing precision can use that while following well defined
standards. And those who don't like large numbers can still chose to show
mBTC.

- Sent from my phone
Den 14 mar 2014 18:18 skrev "vv01f" <vv01f at riseup.net>:

> I think
> * if we change to mBTC because your state currencys price for bitcoin
> make this a valid option we will change again in future
> * users do not like changes
> * we should keep a good standard
>
> A good standard should be
> * built on standards (e.g. SI)
> * backed by best practice: never force the user to take an option he
> cannot change
> * do not make changes without users permission
> * take care of users at fault when entering 5.967 ot should be pointed
> out before sending that e.g.
> the sw understood 5967.000 000 00 BTC
> instead of 5.967 000 00 BTC
> because the user failed to use the correct delimiter.
>
> For now a good standard is
> * simply bitcoin as BTC with eight decimal places
> or could be
> * uBTC as SI prefix, probably using XBT as a symbol for compatibility
> with other software
> * satoshis (w. SI prefixes if numbers are to big) for regions where
> decimal places in prices are uncommon
>
> So I'd prefer:
> Make the choice transparent to users and set a standard that the user
> alway should be empowered to use all available decimal places.
> And there should be a set of official test-cases for wallet software and
> the desired behavior.
>
>
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