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From: Wladimir <laanwj@gmail.com>
To: Jeff Garzik <jgarzik@bitpay.com>
Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] moving the default display to mbtc
Date: Fri, 15 Nov 2013 08:18:52 +0100	[thread overview]
Message-ID: <CA+s+GJBao16mhrbmgnCmA4tmfVf8dHFWW25jT_y=NBuPQTjL1Q@mail.gmail.com> (raw)
In-Reply-To: <CAJHLa0M6CkoDbD6FFixf9-mmhug7DvehSWCJ+EHWVxUDuwNiBg@mail.gmail.com>

[-- Attachment #1: Type: text/plain, Size: 4570 bytes --]

On Thu, Nov 14, 2013 at 11:03 PM, Jeff Garzik <jgarzik@bitpay.com> 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).
>
I have used mBTC for a long time and never had cope with more than two
numbers to the right of the decimal (which is the norm in euro countries).
Sure, if we have another 100x+ price increase then μBTC is a better pick,
but right now that would give us *intimidating large numbers*.

Though I have always liked the idea of moving to mBTC or μBTC, I want the
community to take initiative before switching over the default in the
reference client. The alternative units should first be sufficiently known
to the user base.

It has been possible for a long time to set the reference client to those
units (and all mentions of monetary value are accompanied with a unit).
Maybe we should stealthily collect people's settings and switch over once a
majority switched *ducks*.

Or, more seriously, maybe add a popup when upgrading the first time to 0.9
with an explanation where people can reconsider their unit setting?

Wladimir



>      - Jeff
> On Nov 14, 2013 4:40 PM, "Mark Friedenbach" <mark@monetize.io> wrote:
>
>> -----BEGIN PGP SIGNED MESSAGE-----
>> Hash: SHA1
>>
>> For this reason I'm in favor of skipping mBTC and moving straight to
>> uBTC. Having eight, or even five decimal places is not intuitive to
>> the average user. Two decimal places is becoming standard for new
>> national currencies, and we wouldn't be too far from human scale
>> everyday numbers: 25.00uBTC ~= $0.01 currently. And I don't think very
>> many people on this list would consider bitcoin overvalued in the long
>> term perspective.
>>
>> Better to go through a confusing renumbering only once.
>>
>> Mark
>>
>> On 11/14/13 12:01 PM, Alan Reiner wrote:
>> > ... I'm also of the opinion that it's freakin' hard to change the
>> > base unit in such an established system.  There is no easy way to
>> > do this that doesn't cause more heartache than it's worth...
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>> Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/
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>>
>>
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>
>
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  parent reply	other threads:[~2013-11-15  7:19 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 [this message]
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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