From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-2.v43.ch3.sourceforge.com ([172.29.43.192] helo=mx.sourceforge.net) by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WOAHh-0006iy-1o for bitcoin-development@lists.sourceforge.net; Thu, 13 Mar 2014 18:23:13 +0000 Received: from mail-la0-f48.google.com ([209.85.215.48]) by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1WOAHe-00025m-TU for bitcoin-development@lists.sourceforge.net; Thu, 13 Mar 2014 18:23:12 +0000 Received: by mail-la0-f48.google.com with SMTP id gf5so983013lab.35 for ; Thu, 13 Mar 2014 11:23:04 -0700 (PDT) X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:mime-version:in-reply-to:references:date :message-id:subject:from:to:cc:content-type; bh=JJNv53K6NNKKhJq08Exq0vkV1Pd8a1s059VM8igOMyE=; b=XdQ9NxrGQ2JQnrM7GGQvugkg63uy1fsAHQSk2jg1zrTHV0Om984cAWL8nPKJXEHj+d gkNBdieOqbEXIudoHG4FvrDhlLPV5zRkdkWcyL2ssHHl74LEutBcOvNqz6JJOHm+uRbf 7tEw2jEV03aqtXX5nv21Yuq1Tg7vc0DH6MApsl+9Wm5ftzkyR4ZKxWU1FJ1Lm0XR6UiX EbW5ViaRNmqeFZGkkQEYZPqF6TXXVBCs/SONsv0iDb+X4HjeJsCEGctiWL3/nPyGMurG mzELkM4cLd6DtMdvPUGLgbs+evJJPscZ4twtml/y6nEZ0RD19giRNLFhq7ps6xTtMpXG rMkg== X-Gm-Message-State: ALoCoQkTXqlQ5GurtSOVzi2zOQwmennX7UpKMdeiU0TUOxjepyFBXmbbbb0mxXNTdp7pX3uS1Lyt MIME-Version: 1.0 X-Received: by 10.152.1.8 with SMTP id 8mr2270180lai.1.1394734984276; Thu, 13 Mar 2014 11:23:04 -0700 (PDT) Received: by 10.112.62.136 with HTTP; Thu, 13 Mar 2014 11:23:04 -0700 (PDT) X-Originating-IP: [108.193.6.130] In-Reply-To: <20140313160850.GW3180@nl.grid.coop> References: <52852C2D.9020103@gmail.com> <52853D8A.6010501@monetize.io> <20140313160850.GW3180@nl.grid.coop> Date: Thu, 13 Mar 2014 11:23:04 -0700 Message-ID: From: =?ISO-8859-1?Q?Jorge_Tim=F3n?= To: Troy Benjegerdes Content-Type: text/plain; charset=ISO-8859-1 X-Spam-Score: 2.5 (++) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. 2.5 US_DOLLARS_3 BODY: Mentions millions of $ ($NN, NNN, NNN.NN) 0.0 LOTS_OF_MONEY Huge... sums of money X-Headers-End: 1WOAHe-00025m-TU Cc: Bitcoin Dev , Wendell Subject: Re: [Bitcoin-development] moving the default display to mbtc X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 13 Mar 2014 18:23:13 -0000 On 3/13/14, Troy Benjegerdes wrote: > > > Every volatility bump messes up expectations of what a bitcoin is worth, > so why are we bikeshedding uBTC vs mBTC? Just be done with it and do mBTC > now, and plan uBTC for just after the next price spike to $10KUSD or > whatever, > and then plan on rolling back to mBTC when the price crashes from altcoin > money supply inflation competition. No, even if bitcoin crashes to 1 usd you don't need to change back to BTC, you can keep the existing-accounting-tools friendly micro. That's the whole point, having "one true only unit change". You would only need to change it if there was a sub-satoshi hardfork, which doesn't seem necessary anytime soon. On 3/13/14, Mike Hearn wrote: > I think it is highly optimistic to assume we'll need another 1000x shift > any time soon. By now Bitcoin isn't obscure anymore. Lots of people have > heard about it. Getting from $1 to $1000 was amazing, but it was possible > through huge media coverage. Getting from $1000 to $1,000,000 would take > massive adoption of the kind Bitcoin isn't ready for yet. We shouldn't make any assumptions about the future price of bitcoin to make the decision. On 3/13/14, Mike Hearn wrote: >> >> Even if a cup of coffee costs 3.12345 mBTC, that's a lot more annoying >> than 3123.45 uBTC. >> > > This is subjective though. To me the first price looks like the price of a > cup of coffee (or I just mentally double it). The second looks like the > price of an expensive holiday. This sounds very US-centric to me. Aren't you thinking in usd? It won't look like an expensive holiday to, say, someone used to Viet Nam Dong (VND), Uzbekistani Som (UZS) or Mongolian Tugrik (MNT). http://coinmill.com/BTC_calculator.html#BTC= 0.00312345 "People seem to like mBTC" is just an ad populum fallacy: millions of flies can actually be wrong. Also you haven't showed them micros, maybe they like it too. So the only valid argument I've heard in favor of mBTC so far is "some wallets/services are doing it wrong already".