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From: Tamas Blummer <tamas.blummer@gmail.com>
To: bitcoin-dev@lists.linuxfoundation.org
Subject: Re: [bitcoin-dev] BIP Proposal: Utilization of bits denomination
Date: Sun, 24 Dec 2017 05:26:04 +0100	[thread overview]
Message-ID: <6F79A8C5-C662-49BA-8EA0-7C7017AB9ADE@gmail.com> (raw)

I see further arguments supporting the “bit" denomination:

huge benefit:
	- amounts denominated in bits fit nicely into legacy database structures and UIs with two decimal places for currency. This change to the usual currrency precision is a huge benefit for integration into existing financial software.

nice to have:
	- while fraction prefixes m for 1/1000 and u for 1/1000000 are obvious to engineers and geeks, they are a foreign concept to many. Chances confusing magnitudes would be high if alternative scales were offered.
	- bit assigns an easy to comprehend meaning to the second part of the Bitcoin name: I think the term “(a whole) coin" would quickly catch on as a synonym for a million bits.


Tamas Blummer

             reply	other threads:[~2017-12-24  4:26 UTC|newest]

Thread overview: 11+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2017-12-24  4:26 Tamas Blummer [this message]
     [not found] <CADPKye1m2_5PaqedMU9nPsmvpW-3S+LSoqt0LnQLXXk=MjDJew@mail.gmail.com>
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     [not found]         ` <CADPKye35ZxJDcfM2e+pvw+z6eZEyzj1-6VDcpHP6Z5FtX-=GOQ@mail.gmail.com>
     [not found]           ` <CADPKye0JD5kfmsGb-AzO6EfPubOGUXtxaEqizLQUQ3QJmCMLJQ@mail.gmail.com>
     [not found]             ` <CADPKye0_eozpfG35qCmPKX-MX+qYZBLt5peU0_jBOCfVoZfefQ@mail.gmail.com>
     [not found]               ` <CADPKye0PSwH_bMYa9DzRos9SgL4e2Vid1gEKnNtcUKQB-op5UQ@mail.gmail.com>
     [not found]                 ` <CADPKye04MRZkWtZm1mWnjmSe97v0-iZwAdYH6pSrFjpHfzuQ-w@mail.gmail.com>
     [not found]                   ` <CADPKye2Ozj6rqApztKyoeJvekofdaiP1=jbd6buxFTebEantMA@mail.gmail.com>
     [not found]                     ` <CADPKye3hyOH4Z+y_JgJUfEspSt8jL+ZGaU05v_fX3Wiwr2-N9g@mail.gmail.com>
     [not found]                       ` <CADPKye11prrk663bWAatFCkjktJNgemg-ECdZdP07RECWcE6nQ@mail.gmail.com>
     [not found]                         ` <CADPKye1+z2aUBXc3UECvmoNSGO23hXGzGXekFOTPy-rdHFG_Nw@mail.gmail.com>
     [not found]                           ` <CADPKye0i0LaGgS4Hmp086LLCnPEHNYqJ+VbZ2h2DxycTwY2srQ@mail.gmail.com>
     [not found]                             ` <CADPKye0dj5z=hDbooUOY-vhP0N+L=VzhOGn3Wue4tPgY3vnHwA@mail.gmail.com>
     [not found]                               ` <CADPKye3Z8PDe_5D28hcELDurtpr=5wgzazw3RT=Fc3gUDvhcng@mail.gmail.com>
     [not found]                                 ` <CADPKye0-JwfDJruc00XXd55Gm0Ho4c5EKGxqcCqyuFcTY=omYQ@mail.gmail.com>
     [not found]                                   ` <CADPKye27FpEYtO31XjX6KcG59HjfZzaGGW0gayO-xZVbdb7jtg@mail.gmail.com>
     [not found]                                     ` <CADPKye0Kt87cHbuOqphMOPY3TPmO1awH46k17rEoVZ4kAejkxw@mail.gmail.com>
2017-12-13 23:00                                       ` [bitcoin-dev] BIP Proposal: Utilization of bits denomination Daniel McNally
  -- strict thread matches above, loose matches on Subject: below --
2017-12-13 19:46 Jimmy Song
2017-12-13 21:36 ` David A. Harding
2017-12-14  8:02   ` Marcel Jamin
2017-12-14 22:01     ` Natanael
2017-12-14 23:11       ` Clark Moody
2017-12-15  6:27       ` Marcel Jamin
2017-12-15 18:20         ` Moral Agent
2017-12-15 18:46           ` Rhavar
2017-12-14 15:52   ` Sjors Provoost

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