I also would prefer to go straight to uBTC as the "standard wallet unit".    It works out perfectly with Satoshi's being the decimal units.  Something that costs $10USD would be 25000uBTC.  This isn't a problem for a place like South Korea, where 10USD is about 10,000 Won, so we aren't even off on a scale of usable currencies in major economies.

The downsides are obviously confusion (causing mistakes resulting in lost coins), and possibly from a psychological perspective on price (uBTC are worthless!).  On the other hand, it also might help people feel like they are getting in on the ground floor still (I own 100,000 uBTC!), and reduce the perception the Bitcoins are not divisible (I have heard several people worry that 21 million is not enough units).

Alan's ideas for compatibility with multiple fields will also be helpful to solving the confusion issue.



On Thu, Nov 14, 2013 at 3:15 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...
-----BEGIN PGP SIGNATURE-----
Version: GnuPG/MacGPG2 v2.0.19 (Darwin)
Comment: GPGTools - http://gpgtools.org
Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/
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=QW1i
-----END PGP SIGNATURE-----

------------------------------------------------------------------------------
DreamFactory - Open Source REST & JSON Services for HTML5 & Native Apps
OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access
Free app hosting. Or install the open source package on any LAMP server.
Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native!
http://pubads.g.doubleclick.net/gampad/clk?id=63469471&iu=/4140/ostg.clktrk
_______________________________________________
Bitcoin-development mailing list
Bitcoin-development@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/bitcoin-development