📅 Original date posted:2014-04-20
📝 Original message:Hello,
> While SI units are great for people well versed in them, there is a
> very good reason people aren't asking for 100 micro dollars in change.
> The average person is not going to be confident that the prefix they
> are using is the correct one, people WILL send 1000x more or less than
> intended if we go down this road, and these mistakes will happen
> frequently. Labeling should be easy enough for kindergarten kids.
Agree - but why do you propose not only a new label but also a different
subunit?
Also, everybody in the metric world is used to the milli- prefix due to
meters and millimeters. It's not such a stretch to expect people to
master that; but I agree that most people would struggle with microbitcoins.
> I propose that users are offered a preference to denominate the
> Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)
> equals one million bits (bits) and one bit equals 100 satoshis.
There have been many proposals for more or less arbitrary subunits. What
would be the merit of your proposal? I don't really follow the reasoning
that it's better if it's uncommon for everyone rather than just uncommon
for people not used to metric units.
Regarding the label of a "bit": I have to agree with the others that bit
is heavily overused as a unit, but I am a computer scientist, so I don't
have the "average joe's" perspective on this. I find it weird to use as
it's already in use in English - "a bit of work" etc
I don't really see the advantage of a "bit" - it is part of "bitcoin"
and it's short, but that's about it. I think we are free to pick
anything we want for a label, so why not avoid ambiguities?
See this thread for many creative ideas for labels (and another
arbitrary subunit proposal:
https://bitcointalk.org/index.php?topic=396522.0
Arne
Arne Brutschy [ARCHIVE] /
npub1na…gn6n0
2023-06-07 15:19:01
in reply to nevent1q…lkes
Author Public Key
npub1nannayg2dy65q9hrtzh8e93tk0c2twle2ae96lqtcutfxqvev07s6gn6n0Published at
2023-06-07 15:19:01Event JSON
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"content": "📅 Original date posted:2014-04-20\n📝 Original message:Hello,\n\n\u003e While SI units are great for people well versed in them, there is a\n\u003e very good reason people aren't asking for 100 micro dollars in change.\n\u003e The average person is not going to be confident that the prefix they\n\u003e are using is the correct one, people WILL send 1000x more or less than\n\u003e intended if we go down this road, and these mistakes will happen\n\u003e frequently. Labeling should be easy enough for kindergarten kids.\n\nAgree - but why do you propose not only a new label but also a different\nsubunit?\n\nAlso, everybody in the metric world is used to the milli- prefix due to\nmeters and millimeters. It's not such a stretch to expect people to\nmaster that; but I agree that most people would struggle with microbitcoins.\n\n\u003e I propose that users are offered a preference to denominate the\n\u003e Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)\n\u003e equals one million bits (bits) and one bit equals 100 satoshis.\n\nThere have been many proposals for more or less arbitrary subunits. What\nwould be the merit of your proposal? I don't really follow the reasoning\nthat it's better if it's uncommon for everyone rather than just uncommon\nfor people not used to metric units.\n\nRegarding the label of a \"bit\": I have to agree with the others that bit\nis heavily overused as a unit, but I am a computer scientist, so I don't\nhave the \"average joe's\" perspective on this. I find it weird to use as\nit's already in use in English - \"a bit of work\" etc\n\nI don't really see the advantage of a \"bit\" - it is part of \"bitcoin\"\nand it's short, but that's about it. I think we are free to pick\nanything we want for a label, so why not avoid ambiguities?\n\nSee this thread for many creative ideas for labels (and another\narbitrary subunit proposal:\nhttps://bitcointalk.org/index.php?topic=396522.0\n\nArne",
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