Re: [Bitcoin-development] moving the default display to mbtc

[Wladimir <laanwj@gmail.com>]

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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:
>
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>> 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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