📅 Original date posted:2014-03-13
📝 Original message:It certainly is not subjective, in that people are far more used to dealing
with whole numbers than decimals. Try reading the first one, then reading
the second one. Tell those numbers to someone else, have them write it
down, and see how many people screw up the first vs. the second. This has
nothing to do with whether it "looks expensive". There are reasons for
wanting the numbers to be higher as well, as evidenced by the number of
Dogecoin enthusiasts who like "having more", even if it doesn't matter.
That part gets more subjective, but still favors micros in most cases.
Sure, 3000 may sound like a lot, but if you have a lot more, it's all a
different scale.
If the argument is for keeping things based on what is already done, why
even switch to millis? After all, everyone is used to full Bitcoins, why
even change to millis? Whatever your arguments are there, for switching
base bitcoins to millis, try to see why they fail at micros (other than the
subjective argument that I'm used to decimal units of currency being worth
a cup of coffee, even though numerous people all over the world don't have
that conditioning).
On Thu, Mar 13, 2014 at 12:13 PM, Mike Hearn <mike at plan99.net> wrote:
> Even if a cup of coffee costs 3.12345 mBTC, that's a lot more annoying
>> than 3123.45 uBTC.
>>
>
> This is subjective though. To me the first price looks like the price of a
> cup of coffee (or I just mentally double it). The second looks like the
> price of an expensive holiday.
>
> If users really find this so terrible, merchants have a simple solution:
> do the rounding before presenting the price. Then the price looks like
> "3.12 mBTC" which is sort of what I'd expect it to look like. But some
> wallets already make digits >2dp smaller so visually you can get precision
> whilst still looking similar to what you might expect (this is what Bitcoin
> Wallet does).
>
>
>> I haven't seen a single good argument for keeping it in mBTC (other than
>> some people already did it).
>>
>
> That's the good argument!
>
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Allen Piscitello [ARCHIVE] /
npub1xv…c5rqg
2023-06-07 15:15:35
in reply to nevent1q…a6u9
Author Public Key
npub1xvnnyhz8e4eklaakjc9xgm5w8pzkuckt923uacz2cftqdqx23g7q3c5rqgPublished at
2023-06-07 15:15:35Event JSON
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"content": "📅 Original date posted:2014-03-13\n📝 Original message:It certainly is not subjective, in that people are far more used to dealing\nwith whole numbers than decimals. Try reading the first one, then reading\nthe second one. Tell those numbers to someone else, have them write it\ndown, and see how many people screw up the first vs. the second. This has\nnothing to do with whether it \"looks expensive\". There are reasons for\nwanting the numbers to be higher as well, as evidenced by the number of\nDogecoin enthusiasts who like \"having more\", even if it doesn't matter.\n That part gets more subjective, but still favors micros in most cases.\n Sure, 3000 may sound like a lot, but if you have a lot more, it's all a\ndifferent scale.\n\nIf the argument is for keeping things based on what is already done, why\neven switch to millis? After all, everyone is used to full Bitcoins, why\neven change to millis? Whatever your arguments are there, for switching\nbase bitcoins to millis, try to see why they fail at micros (other than the\nsubjective argument that I'm used to decimal units of currency being worth\na cup of coffee, even though numerous people all over the world don't have\nthat conditioning).\n\n\nOn Thu, Mar 13, 2014 at 12:13 PM, Mike Hearn \u003cmike at plan99.net\u003e wrote:\n\n\u003e Even if a cup of coffee costs 3.12345 mBTC, that's a lot more annoying\n\u003e\u003e than 3123.45 uBTC.\n\u003e\u003e\n\u003e\n\u003e This is subjective though. To me the first price looks like the price of a\n\u003e cup of coffee (or I just mentally double it). The second looks like the\n\u003e price of an expensive holiday.\n\u003e\n\u003e If users really find this so terrible, merchants have a simple solution:\n\u003e do the rounding before presenting the price. Then the price looks like\n\u003e \"3.12 mBTC\" which is sort of what I'd expect it to look like. But some\n\u003e wallets already make digits \u003e2dp smaller so visually you can get precision\n\u003e whilst still looking similar to what you might expect (this is what Bitcoin\n\u003e Wallet does).\n\u003e\n\u003e\n\u003e\u003e I haven't seen a single good argument for keeping it in mBTC (other than\n\u003e\u003e some people already did it).\n\u003e\u003e\n\u003e\n\u003e That's the good argument!\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140313/447f16cf/attachment.html\u003e",
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