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From: Tamas Blummer <tamas@bitsofproof.com>
To: Andreas Schildbach <andreas@schildbach.de>
Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] moving the default display to mbtc
Date: Fri, 14 Mar 2014 15:57:37 +0100	[thread overview]
Message-ID: <A1A0E432-3E76-429C-AADF-083A0041C34B@bitsofproof.com> (raw)
In-Reply-To: <lfv4tm$lpg$1@ger.gmane.org>


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you miss the point Andreas. It is not about the magnitude but about
the form of a price.

A number with no decimals or with two decimals is percieved as a
price in some currency. 

A number with more than two decimals is just not percieved as a price
but as a geeky something that you rather convert to local currency.

Tamas Blummer
Bits of Proof

On 14.03.2014, at 15:49, Andreas Schildbach <andreas@schildbach.de> wrote:

> How much do you pay for an Espresso in your local currency?
> 
> At least for the Euro and the Dollar, mBTC 3.56 is very close to what
> people would expect. Certainly more familiar than µBTC 3558 or BTC
> 0.003578.
> 
> Anyway, I was just sharing real-world experience: nobody is confused.
> 
> 
> On 03/14/2014 03:14 PM, Tamas Blummer wrote:
>> You give them a hard to interpret thing like mBTC and then wonder
>> why they rather look at local currency. Because the choices you
>> gave them are bad.
>> 
>> I think Bitcoin would have a better chance to be percieved as a
>> currency of its own if it had prices and fractions like currencies
>> do.
>> 
>> 3.558 mBTC or 0.003578 BTC will never be as accepted as 3558 bits
>> would be.
>> 
>> 
>> Tamas Blummer Bits of Proof
>> 
>> On 14.03.2014, at 15:05, Andreas Schildbach <andreas@schildbach.de>
>> wrote:
>> 
>>> btw. None of Bitcoin Wallet's users complained about confusion
>>> because of the mBTC switch. In contrast, I get many mails and
>>> questions if exchange rates happen to differ by >10%.
>>> 
>>> I suspect nobody looks at the Bitcoin price. It's the amount in
>>> local currency that matters to the users.
>>> 
>>> 
>>> On 03/13/2014 02:40 PM, Andreas Schildbach wrote:
>>>> Indeed. And users were crying for mBTC. Nobody was asking for
>>>> µBTC.
>>>> 
>>>> I must admit I was not aware if this thread. I just watched
>>>> other wallets and at some point decided its time to switch to
>>>> mBTC.
>>>> 
>>>> 
>>>> On 03/13/2014 02:31 PM, Mike Hearn wrote:
>>>>> The standard has become mBTC and that's what was adopted.
>>>>> It's too late to try and sway this on a mailing list thread
>>>>> now.
>>>>> 
>>>>> 
>>>>> On Thu, Mar 13, 2014 at 2:29 PM, Gary Rowe
>>>>> <g.rowe@froot.co.uk <mailto:g.rowe@froot.co.uk>> wrote:
>>>>> 
>>>>> The MultiBit HD view is that this is a locale-sensitive
>>>>> presentation issue. As a result we offer a simple
>>>>> configuration panel giving pretty much every possible
>>>>> combination: icon, m+icon,  μ+icon, BTC, mBTC,  μBTC, XBT,
>>>>> mXBT,  μXBT, sat along with settings for leading/trailing
>>>>> symbol, commas, spaces and points. This allows anyone to
>>>>> customise to meet their own needs beyond the offered default.
>>>>> 
>>>>> 
>>>>> We apply the NIST guidelines for representation of SI unit
>>>>> symbols (i.e no conversion to native language, no RTL giving
>>>>> icon+m etc).
>>>>> 
>>>>> Right now MultiBit HD is configured to use m+icon taken from
>>>>> the Font Awesome icon set. However reading earlier posts it
>>>>> seems that μ+icon is more sensible.
>>>>> 
>>>>> Let us know what you'd like.
>>>>> 
>>>>> Links: m+icon screenshot: http://imgur.com/a/WCDoG Font
>>>>> Awesome icon:
>>>>> http://fortawesome.github.io/Font-Awesome/icon/btc/ NIST SI
>>>>> guidelines: http://physics.nist.gov/Pubs/SP811/sec07.html
>>>>> 
>>>>> 
>>>>> On 13 March 2014 12:56, Jeff Garzik <jgarzik@bitpay.com 
>>>>> <mailto:jgarzik@bitpay.com>> wrote:
>>>>> 
>>>>> Resurrecting this topic.  Bitcoin Wallet moved to mBTC
>>>>> several weeks ago, which was disappointing -- it sounded like
>>>>> the consensus was uBTC, and moving to uBTC later --which will
>>>>> happen-- may result in additional user confusion, thanks to
>>>>> yet another decimal place transition.
>>>>> 
>>>>> 
>>>>> 
>>>>> On Sun, Nov 17, 2013 at 9:28 PM, Wendell <w@grabhive.com 
>>>>> <mailto:w@grabhive.com>> wrote:
>>>>>> We're with uBTC too. Been waiting for the signal to do
>>>>>> this,
>>>>> let's do it right after the fee system is improved.
>>>>>> 
>>>>>> -wendell
>>>>>> 
>>>>>> grabhive.com <http://grabhive.com> |
>>>>>> twitter.com/hivewallet
>>>>> <http://twitter.com/hivewallet> | gpg: 6C0C9411
>>>>>> 
>>>>>> On Nov 15, 2013, at 6:03 AM, Jeff Garzik wrote:
>>>>>> 
>>>>>>> Go straight to uBTC. Humans and existing computer
>>>>>>> systems
>>>>> handle numbers to
>>>>>>> the left of the decimals just fine (HK Dollars, Yen).
>>>>>>> The
>>>>> opposite is
>>>>>>> untrue (QuickBooks really does not like 3+ decimal
>>>>>>> places).
>>>>>> 
>>>>> 
>>>>> 
>>>>> 
>>>>> -- Jeff Garzik Bitcoin core developer and open source
>>>>> evangelist BitPay, Inc.      https://bitpay.com/
>>>>> 
>>>>> ------------------------------------------------------------------------------
>>>>> 
>>>>> 
> Learn Graph Databases - Download FREE O'Reilly Book
>>>>> "Graph Databases" is the definitive new guide to graph
>>>>> databases and their applications. Written by three acclaimed
>>>>> leaders in the field, this first edition is now available.
>>>>> Download your free book today! 
>>>>> http://p.sf.net/sfu/13534_NeoTech 
>>>>> _______________________________________________ 
>>>>> Bitcoin-development mailing list 
>>>>> Bitcoin-development@lists.sourceforge.net 
>>>>> <mailto:Bitcoin-development@lists.sourceforge.net> 
>>>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>>> 
>>>>> 
>>>>> 
>>>>> 
>>>>> 
> ------------------------------------------------------------------------------
>>>>> Learn Graph Databases - Download FREE O'Reilly Book "Graph
>>>>> Databases" is the definitive new guide to graph databases
>>>>> and their applications. Written by three acclaimed leaders in
>>>>> the field, this first edition is now available. Download your
>>>>> free book today! http://p.sf.net/sfu/13534_NeoTech 
>>>>> _______________________________________________ 
>>>>> Bitcoin-development mailing list 
>>>>> Bitcoin-development@lists.sourceforge.net 
>>>>> <mailto:Bitcoin-development@lists.sourceforge.net> 
>>>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>>> 
>>>>> 
>>>>> 
>>>>> 
>>>>> 
>>>>> 
> ------------------------------------------------------------------------------
>>>>> Learn Graph Databases - Download FREE O'Reilly Book "Graph
>>>>> Databases" is the definitive new guide to graph databases and
>>>>> their applications. Written by three acclaimed leaders in the
>>>>> field, this first edition is now available. Download your
>>>>> free book today! http://p.sf.net/sfu/13534_NeoTech
>>>>> 
>>>>> 
>>>>> 
>>>>> _______________________________________________ 
>>>>> Bitcoin-development mailing list 
>>>>> Bitcoin-development@lists.sourceforge.net 
>>>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>>> 
>>>> 
>>>> 
>>>> 
>>>> 
>>>>> 
> ------------------------------------------------------------------------------
>>>> Learn Graph Databases - Download FREE O'Reilly Book "Graph
>>>> Databases" is the definitive new guide to graph databases and
>>>> their applications. Written by three acclaimed leaders in the
>>>> field, this first edition is now available. Download your free
>>>> book today! http://p.sf.net/sfu/13534_NeoTech 
>>>> _______________________________________________ 
>>>> Bitcoin-development mailing list 
>>>> Bitcoin-development@lists.sourceforge.net 
>>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>>>> 
>>> 
>>> 
>>> 
>>> 
>>>> 
> ------------------------------------------------------------------------------
>>> Learn Graph Databases - Download FREE O'Reilly Book "Graph
>>> Databases" is the definitive new guide to graph databases and
>>> their applications. Written by three acclaimed leaders in the
>>> field, this first edition is now available. Download your free
>>> book today! http://p.sf.net/sfu/13534_NeoTech 
>>> _______________________________________________ 
>>> Bitcoin-development mailing list 
>>> Bitcoin-development@lists.sourceforge.net 
>>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>> 
>> 
>> 
>> ------------------------------------------------------------------------------
>> 
>> 
> Learn Graph Databases - Download FREE O'Reilly Book
>> "Graph Databases" is the definitive new guide to graph databases
>> and their applications. Written by three acclaimed leaders in the
>> field, this first edition is now available. Download your free book
>> today! http://p.sf.net/sfu/13534_NeoTech
>> 
>> 
>> 
>> _______________________________________________ Bitcoin-development
>> mailing list Bitcoin-development@lists.sourceforge.net 
>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>> 
> 
> 
> 
> ------------------------------------------------------------------------------
> Learn Graph Databases - Download FREE O'Reilly Book
> "Graph Databases" is the definitive new guide to graph databases and their
> applications. Written by three acclaimed leaders in the field,
> this first edition is now available. Download your free book today!
> http://p.sf.net/sfu/13534_NeoTech
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development


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  reply	other threads:[~2014-03-14 14:57 UTC|newest]

Thread overview: 112+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
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 [this message]
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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