📅 Original date posted:2014-05-02
📝 Original message:I live in Argentina. Here, 1BTC is around half of a monthly average
wage (net), so, as you
can imagine, the value of 1 BTC is *very* inconvenient for everyday
transactions.
Also it presents an important entry barrier for new adopters: It would be
easier to accept buying thousands of "bits" than buying a tiny fraction
of a Bitcoin, for the same amount of pesos.
Changing to 1e-6 "bits" will solve both problems. Changing to 1e-6
"microbitcoins" will
solve the first one, but not sure about the second one. Buying (or
earning) mili or micro
something isn't that sexy either.
Finally, against "micro" and in favor of "bits", micro is noted "μ",
which is also
inconvenient (I had to copy and paste it from an other site). Many
different notations will be used like: μBTC, uBTC, "microBTC" and
even "mBTC".
Please prevent that.
These arguments also applies to many places in the world (Argentina
is 40 out of 72 listed countries in
http://en.wikipedia.org/wiki/List_of_countries_by_average_wage).
matías
On Fri, May 2, 2014 at 10:13 PM, Alan Reiner <etotheipi at gmail.com> wrote:
> 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> 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/
>>
>>
>> ------------------------------------------------------------------------------
>> "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE
>> Instantly run your Selenium tests across 300+ browser/OS combos. Get
>> unparalleled scalability from the best Selenium testing platform
>> available.
>> Simple to use. Nothing to install. Get started now for free."
>> http://p.sf.net/sfu/SauceLabs
>> _______________________________________________
>> Bitcoin-development mailing list
>> Bitcoin-development at lists.sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
>
>
> ------------------------------------------------------------------------------
> "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE
> Instantly run your Selenium tests across 300+ browser/OS combos. Get
> unparalleled scalability from the best Selenium testing platform available.
> Simple to use. Nothing to install. Get started now for free."
> http://p.sf.net/sfu/SauceLabs
>
>
>
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
>
> ------------------------------------------------------------------------------
> "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE
> Instantly run your Selenium tests across 300+ browser/OS combos. Get
> unparalleled scalability from the best Selenium testing platform available.
> Simple to use. Nothing to install. Get started now for free."
> http://p.sf.net/sfu/SauceLabs
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development at lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
--
Matías Alejo Garcia
Skype/Twitter: @ematiu
Roads? Where we're going, we don't need roads!
Matias Alejo Garcia [ARCHIVE] /
npub1p6…8etde
2023-06-07 15:20:47
in reply to nevent1q…z7n8
Author Public Key
npub1p6uknnmm7wknvg9cq5wqsf7ulpsrdzd6zt6qw707y5t05fuzvfdsx8etdePublished at
2023-06-07 15:20:47Event JSON
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"content": "📅 Original date posted:2014-05-02\n📝 Original message:I live in Argentina. Here, 1BTC is around half of a monthly average\nwage (net), so, as you\ncan imagine, the value of 1 BTC is *very* inconvenient for everyday\ntransactions.\n\n Also it presents an important entry barrier for new adopters: It would be\neasier to accept buying thousands of \"bits\" than buying a tiny fraction\nof a Bitcoin, for the same amount of pesos.\n\nChanging to 1e-6 \"bits\" will solve both problems. Changing to 1e-6\n\"microbitcoins\" will\nsolve the first one, but not sure about the second one. Buying (or\nearning) mili or micro\nsomething isn't that sexy either.\n\nFinally, against \"micro\" and in favor of \"bits\", micro is noted \"μ\",\nwhich is also\n inconvenient (I had to copy and paste it from an other site). Many\ndifferent notations will be used like: μBTC, uBTC, \"microBTC\" and\neven \"mBTC\".\nPlease prevent that.\n\nThese arguments also applies to many places in the world (Argentina\nis 40 out of 72 listed countries in\nhttp://en.wikipedia.org/wiki/List_of_countries_by_average_wage).\n\nmatías\n\n\n\n\nOn Fri, May 2, 2014 at 10:13 PM, Alan Reiner \u003cetotheipi at gmail.com\u003e wrote:\n\u003e I've been a strong supporter of the 1e-6 unit switch since the beginning and\n\u003e ready to do whatever I can with Armory to help ease that transition. I'm\n\u003e happy to prioritize a release that updates the Armory interface to make\n\u003e \"bits\" the default unit, when the time is right. I think it makes sense to\n\u003e get as many apps and services to upgrade nearly simultaneously.\n\u003e\n\u003e My plan is to have a popup on the first load of the new version that briefly\n\u003e introduces the change, and mentions that they can go back to the old way in\n\u003e the settings, but make them work to do it. For the transient period (6\n\u003e months?) all input boxes will auto-update nearby labels with the\n\u003e converted-to-BTC value as they type, so that they don't have to do any math\n\u003e in their head. Similarly, all displayed BTC values will show both. But the\n\u003e 1e-6 unit will always be default or first unless they explicitly change it\n\u003e in the interface.\n\u003e\n\u003e\n\u003e\n\u003e\n\u003e\n\u003e On 5/2/2014 8:54 PM, Ben Davenport wrote:\n\u003e\n\u003e I fully support this (it's what I suggested over a year ago), but what it\n\u003e comes down to is BitPay, Coinbase, Blockchain and Bitstamp getting together,\n\u003e agreeing what they're going to use, and doing a little joint customer\n\u003e education campaign around it. If there's community momentum around \"bits\",\n\u003e great.\n\u003e\n\u003e My only addition is that I think we should all stop trying to attach SI\n\u003e prefixes to the currency unit. Name me another world currency that uses SI\n\u003e prefixes. No one quotes amounts as 63 k$ or 3 M$. The accepted standard at\n\u003e least in the US is \u003ccurrency-symbol\u003e\u003camount\u003e\u003cmodifier\u003e, i.e. $63k or $3M.\n\u003e That may not be accepted form everywhere, but in any case it's an informal\n\u003e format, not a formal one. The important point is there should be one base\n\u003e unit that is not modified with SI prefixes. And I think the arguments are\n\u003e strong for that unit being = 100 satoshi.\n\u003e\n\u003e Ben\n\u003e\n\u003e\n\u003e\n\u003e\n\u003e On Fri, May 2, 2014 at 12:17 PM, Jeff Garzik \u003cjgarzik at bitpay.com\u003e wrote:\n\u003e\u003e\n\u003e\u003e \u003cvendor hat: on\u003e\n\u003e\u003e\n\u003e\u003e Related:\n\u003e\u003e http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html\n\u003e\u003e\n\u003e\u003e --\n\u003e\u003e Jeff Garzik\n\u003e\u003e Bitcoin core developer and open source evangelist\n\u003e\u003e BitPay, Inc. https://bitpay.com/\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e ------------------------------------------------------------------------------\n\u003e\u003e \"Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE\n\u003e\u003e Instantly run your Selenium tests across 300+ browser/OS combos. Get\n\u003e\u003e unparalleled scalability from the best Selenium testing platform\n\u003e\u003e available.\n\u003e\u003e Simple to use. Nothing to install. Get started now for free.\"\n\u003e\u003e http://p.sf.net/sfu/SauceLabs\n\u003e\u003e _______________________________________________\n\u003e\u003e Bitcoin-development mailing list\n\u003e\u003e Bitcoin-development at lists.sourceforge.net\n\u003e\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\n\u003e\n\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e \"Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE\n\u003e Instantly run your Selenium tests across 300+ browser/OS combos. Get\n\u003e unparalleled scalability from the best Selenium testing platform available.\n\u003e Simple to use. Nothing to install. Get started now for free.\"\n\u003e http://p.sf.net/sfu/SauceLabs\n\u003e\n\u003e\n\u003e\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\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e \"Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE\n\u003e Instantly run your Selenium tests across 300+ browser/OS combos. Get\n\u003e unparalleled scalability from the best Selenium testing platform available.\n\u003e Simple to use. Nothing to install. Get started now for free.\"\n\u003e http://p.sf.net/sfu/SauceLabs\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-- \nMatías Alejo Garcia\nSkype/Twitter: @ematiu\nRoads? Where we're going, we don't need roads!",
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