By that definition 3.56 is a price. Maybe I misunderstood you and you're
lobbying for mBTC?


On 03/14/2014 03:57 PM, Tamas Blummer wrote:

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
<mailto: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
<mailto: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>
<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>
<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.

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