Alan Reiner [ARCHIVE] on Nostr: 📅 Original date posted:2014-05-02 📝 Original message:I've been a strong ...

📅 Original date posted:2014-05-02
📝 Original message:I've been a strong supporter of the 1e-6 unit switch since the beginning
and ready to do whatever I can with Armory to help ease that
transition. I'm happy to prioritize a release that updates the Armory
interface to make "bits" the default unit, when the time is right. I
think it makes sense to get as many apps and services to upgrade nearly
simultaneously.

My plan is to have a popup on the first load of the new version that
briefly introduces the change, and mentions that they can go back to the
old way in the settings, but make them work to do it. For the transient
period (6 months?) all input boxes will auto-update nearby labels with
the converted-to-BTC value as they type, so that they don't have to do
any math in their head. Similarly, all displayed BTC values will show
both. But the 1e-6 unit will always be default or first unless they
explicitly change it in the interface.




On 5/2/2014 8:54 PM, Ben Davenport wrote:
> I fully support this (it's what I suggested over a year ago), but what
> it comes down to is BitPay, Coinbase, Blockchain and Bitstamp getting
> together, agreeing what they're going to use, and doing a little joint
> customer education campaign around it. If there's community momentum
> around "bits", great.
>
> My only addition is that I think we should all stop trying to attach
> SI prefixes to the currency unit. Name me another world currency that
> uses SI prefixes. No one quotes amounts as 63 k$ or 3 M$. The accepted
> standard at least in the US is <currency-symbol><amount><modifier>,
> i.e. $63k or $3M. That may not be accepted form everywhere, but in any
> case it's an informal format, not a formal one. The important point is
> there should be one base unit that is not modified with SI prefixes.
> And I think the arguments are strong for that unit being = 100 satoshi.
>
> Ben
>
>
>
>
> On Fri, May 2, 2014 at 12:17 PM, Jeff Garzik <jgarzik at bitpay.com
> <mailto:jgarzik at bitpay.com>> wrote:
>
> <vendor hat: on>
>
> Related:
> http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html
>
> --
> Jeff Garzik
> Bitcoin core developer and open source evangelist
> BitPay, Inc. https://bitpay.com/
>
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