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* [Bitcoin-development] moving the default display to mbtc
@ 2013-11-14 11:45 Melvin Carvalho
  2013-11-14 18:18 ` Luke-Jr
                   ` (3 more replies)
  0 siblings, 4 replies; 112+ messages in thread
From: Melvin Carvalho @ 2013-11-14 11:45 UTC (permalink / raw)
  To: Bitcoin Dev

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Rationale
=======

Given the recent rise in value there seems to be anecdotal evidence that 1
bitcoin being so high is putting off a lot of normal buyers, because they
feel that putting down $400+ and only getting "1 coin", or having to buy in
multiples of 1 whole coin, is too much.. only after it being explained that
they can buy fractional amounts to they regain interest, apparently
happening increasingly.


Straw Poll
========

6 months ago there was a straw poll on this

https://bitcointalk.org/index.php?topic=220322.0

Roughly 2/3 of respondents favoured switching

A further 20% said to switch after it hits 1000

Satoshi's comments:
================

Eventually at most only 21 million coins for 6.8 billion people in the
world if it really gets huge.

But don't worry, there are another 6 decimal places that aren't shown, for
a total of 8 decimal places internally.  It shows 1.00 but internally it's
1.00000000.  If there's massive deflation in the future, the software could
show more decimal places.

If it gets tiresome working with small numbers, we could change where the
display shows the decimal point.  Same amount of money, just different
convention for where the ","'s and "."'s go.  e.g. moving the decimal place
3 places would mean if you had 1.00000 before, now it shows it as 1,000.00.

https://bitcointalk.org/index.php?topic=44.msg267#msg267


Would now be a good time to start thinking about changing the default
display in the software.  Perhaps initially it could be a dropdown display
option, then at some point mbtc becomes the default?

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^ permalink raw reply	[flat|nested] 112+ messages in thread
* Re: [Bitcoin-development] moving the default display to mbtc
@ 2013-11-15  5:21 Tamas Blummer
  0 siblings, 0 replies; 112+ messages in thread
From: Tamas Blummer @ 2013-11-15  5:21 UTC (permalink / raw)
  To: bitcoin-development

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Hi Jeff,

such a vote is up there since March:

https://bitcointalk.org/index.php?topic=149150.0

Votes are in favor of it.

Advantages are obvious:

1. having satoshi as 1/100 of the main unit is familiar to people like USD and cent
2. All existing financial software can deal/store big numbers but typically only 2 decimals.
3. Split could be linked with the introduction of the ISO code in one step.

Lets get it finally done.

On Thu, 14 Nov 2013 19:05:06 -0500 Jeff Garzik <jgarzik@bitpay.com> wrote:
> would suggest posting on all possible forums "proposal: switch to
>uBTC, labelled as ISO prefers (XBT?)" and see what sort of discussion
>is generated.  If the support is broad, it will be plain from the
>responses if there is a consensus.  Perhaps everyone will agree it is
>the best course, and we can make an easy change.
>
>But we need less "core dev fiat" not more :)
>
>-- 
>Jeff Garzik
>Senior Software Engineer and open source evangelist
>BitPay, Inc.      https://bitpay.com/

Regards,

Tamás Blummer
Founder, CEO
http://bitsofproof.com


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^ permalink raw reply	[flat|nested] 112+ messages in thread
[parent not found: <mailman.271337.1390426426.2210.bitcoin-development@lists.sourceforge.net>]
* Re: [Bitcoin-development] moving the default display to mbtc
@ 2014-03-14 16:25 Andrew Smith
  0 siblings, 0 replies; 112+ messages in thread
From: Andrew Smith @ 2014-03-14 16:25 UTC (permalink / raw)
  To: bitcoin-development

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Well, not sure I wanted to subscribe the mbtc vs ubtc list... its a
default, not a big deal.

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^ permalink raw reply	[flat|nested] 112+ messages in thread
[parent not found: <536537E2.1060200@stud.uni-saarland.de>]

end of thread, other threads:[~2014-05-03 18:47 UTC | newest]

Thread overview: 112+ messages (download: mbox.gz / follow: Atom feed)
-- links below jump to the message on this page --
2013-11-14 11:45 [Bitcoin-development] moving the default display to mbtc Melvin Carvalho
2013-11-14 18:18 ` Luke-Jr
2013-11-17  3:22   ` Jacob Lyles
2013-11-14 20:01 ` Alan Reiner
2013-11-14 21:15   ` Mark Friedenbach
2013-11-14 21:55     ` Allen Piscitello
2013-11-14 22:00       ` Alan Reiner
2013-11-14 22:07         ` Allen Piscitello
2013-11-14 23:01           ` Luke-Jr
2013-11-14 23:11             ` Mark Friedenbach
2013-11-14 23:13               ` Luke-Jr
2013-11-14 23:22               ` Jeff Garzik
2013-11-15  0:15               ` Luke-Jr
2013-11-15  0:18                 ` Mark Friedenbach
2013-11-16  0:41             ` Drak
2013-11-16  0:48               ` Mark Friedenbach
2013-11-16  1:10               ` Luke-Jr
2013-11-16  1:19                 ` Jean-Paul Kogelman
2013-11-16  1:19                 ` Drak
2013-11-16  1:31                   ` Mark Friedenbach
2013-11-15  8:55           ` Eugen Leitl
2013-11-14 22:21         ` Mark Friedenbach
2013-11-14 22:32         ` Drak
2013-11-14 22:37           ` Drak
2014-05-02 19:17       ` Jeff Garzik
2014-05-03  0:54         ` Ben Davenport
2014-05-03  1:13           ` Alan Reiner
2014-05-03  1:50             ` Aaron Voisine
2014-05-03  2:10             ` Matias Alejo Garcia
2014-05-03  2:38           ` Luke Dashjr
2014-05-03  2:41             ` Ben Davenport
2014-05-03  2:43             ` Peter Todd
2014-05-03  3:35             ` Un Ix
2014-05-03 12:32             ` Roy Badami
2014-05-03  4:23         ` Tamas Blummer
2013-11-14 22:03     ` Jeff Garzik
2013-11-14 22:31       ` Mark Friedenbach
2013-11-14 22:53         ` Alan Reiner
2013-11-14 23:01           ` Jeff Garzik
2013-11-14 23:10           ` Luke-Jr
2013-11-15  9:23           ` Eugen Leitl
2013-11-15  9:37             ` Alex Kravets
2013-11-15  9:59               ` Adam Back
2013-11-15 10:39               ` Eugen Leitl
2013-11-15  7:18       ` Wladimir
2013-11-18  2:28       ` Wendell
2014-03-13 12:56         ` Jeff Garzik
2014-03-13 13:29           ` Gary Rowe
2014-03-13 13:31             ` Mike Hearn
2014-03-13 13:40               ` Andreas Schildbach
2014-03-14 14:05                 ` Andreas Schildbach
2014-03-14 14:14                   ` Tamas Blummer
2014-03-14 14:49                     ` Andreas Schildbach
2014-03-14 14:57                       ` Tamas Blummer
2014-03-14 15:02                         ` Andreas Schildbach
2014-03-14 15:12                           ` Tamas Blummer
2014-03-14 15:30                             ` Andreas Schildbach
2014-03-14 15:32                           ` Mike Hearn
2014-03-14 15:56                             ` Andreas Schildbach
2014-03-14 16:01                       ` Mark Friedenbach
2014-03-14 16:15                         ` Alex Morcos
2014-03-14 16:51                           ` Ricardo Filipe
2014-03-14 16:58                             ` Allen Piscitello
2014-03-14 15:10                     ` Tyler
2014-03-14 14:18                   ` Roy Badami
2014-03-13 19:38               ` Jeff Garzik
2014-03-13 13:34           ` Wladimir
2014-03-13 13:45             ` Jeff Garzik
2014-03-13 13:53               ` Mike Hearn
2014-03-13 14:32                 ` Jeff Garzik
2014-03-13 15:50                   ` Mike Hearn
2014-03-13 16:17                     ` Troy Benjegerdes
2014-03-13 16:39                     ` Melvin Carvalho
2014-03-13 16:55                       ` Allen Piscitello
2014-03-13 17:13                         ` Mike Hearn
2014-03-13 17:23                           ` Allen Piscitello
2014-03-13 16:14                   ` Alan Reiner
2014-03-13 16:23                     ` Tamas Blummer
2014-03-13 16:29                     ` Jeff Garzik
2014-03-13 17:18                       ` Mark Friedenbach
2014-03-13 17:21                         ` Jeff Garzik
2014-03-13 17:24                         ` Mike Hearn
2014-03-13 17:36                           ` Alan Reiner
2014-03-13 17:43                             ` Wladimir
2014-03-13 17:51                             ` Mike Hearn
2014-03-13 17:58                               ` Alan Reiner
2014-03-13 19:26                       ` Drak
2014-03-13 16:08               ` Troy Benjegerdes
2014-03-13 16:30                 ` Tamas Blummer
2014-03-13 16:37                   ` slush
2014-03-13 17:48                     ` Luke-Jr
2014-03-13 18:23                 ` Jorge Timón
2014-03-13 18:29                   ` Mike Hearn
2014-03-13 18:51                     ` Ben Davenport
2014-03-14  0:34                     ` Jorge Timón
2014-03-14 17:14                       ` vv01f
2014-03-14 20:13                         ` Natanael
2014-03-14  1:26                 ` Un Ix
2014-03-14 21:56           ` Odinn Cyberguerrilla
2013-11-15 10:45   ` Wladimir
2013-11-15 10:57     ` Eugen Leitl
2013-11-14 22:27 ` Drak
2013-11-15  0:05   ` Jeff Garzik
2013-11-15  0:37     ` Daniel F
2013-11-15  0:46       ` Melvin Carvalho
2013-11-15  0:57       ` Alan Reiner
2014-05-02 14:29 ` Melvin Carvalho
2013-11-15  5:21 Tamas Blummer
     [not found] <mailman.271337.1390426426.2210.bitcoin-development@lists.sourceforge.net>
2014-03-13 15:17 ` Tamas Blummer
2014-03-13 15:37   ` Chris Pacia
2014-03-14 16:25 Andrew Smith
     [not found] <536537E2.1060200@stud.uni-saarland.de>
2014-05-03 18:46 ` Jannis Froese

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