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-2.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1WgET9-0000GC-S3 for bitcoin-development@lists.sourceforge.net; Fri, 02 May 2014 14:29:43 +0000 Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of gmail.com designates 209.85.215.53 as permitted sender) client-ip=209.85.215.53; envelope-from=melvincarvalho@gmail.com; helo=mail-la0-f53.google.com; Received: from mail-la0-f53.google.com ([209.85.215.53]) by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1WgET8-0000W3-Nt for bitcoin-development@lists.sourceforge.net; Fri, 02 May 2014 14:29:43 +0000 Received: by mail-la0-f53.google.com with SMTP id b8so3100083lan.40 for ; Fri, 02 May 2014 07:29:36 -0700 (PDT) MIME-Version: 1.0 X-Received: by 10.152.170.193 with SMTP id ao1mr12606424lac.27.1399040975981; Fri, 02 May 2014 07:29:35 -0700 (PDT) Received: by 10.112.147.101 with HTTP; Fri, 2 May 2014 07:29:35 -0700 (PDT) In-Reply-To: References: Date: Fri, 2 May 2014 16:29:35 +0200 Message-ID: From: Melvin Carvalho To: Bitcoin Dev Content-Type: multipart/alternative; boundary=089e0115e87066578c04f86b9c3f X-Spam-Score: -0.6 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (melvincarvalho[at]gmail.com) -0.0 SPF_PASS SPF: sender matches SPF record 1.0 HTML_MESSAGE BODY: HTML included in message -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1WgET8-0000W3-Nt 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: Fri, 02 May 2014 14:29:44 -0000 --089e0115e87066578c04f86b9c3f Content-Type: text/plain; charset=UTF-8 On 14 November 2013 12:45, Melvin Carvalho wrote: > Rationale > ======= > > Given the recent rise in value there seems to be anecdotal evidence that 1 > bitcoin being so high is putting off a lot of normal buyers, because they > feel that putting down $400+ and only getting "1 coin", or having to buy in > multiples of 1 whole coin, is too much.. only after it being explained that > they can buy fractional amounts to they regain interest, apparently > happening increasingly. > > > Straw Poll > ======== > > 6 months ago there was a straw poll on this > > https://bitcointalk.org/index.php?topic=220322.0 > > Roughly 2/3 of respondents favoured switching > > A further 20% said to switch after it hits 1000 > > Satoshi's comments: > ================ > > Eventually at most only 21 million coins for 6.8 billion people in the > world if it really gets huge. > > But don't worry, there are another 6 decimal places that aren't shown, for > a total of 8 decimal places internally. It shows 1.00 but internally it's > 1.00000000. If there's massive deflation in the future, the software could > show more decimal places. > > If it gets tiresome working with small numbers, we could change where the > display shows the decimal point. Same amount of money, just different > convention for where the ","'s and "."'s go. e.g. moving the decimal place > 3 places would mean if you had 1.00000 before, now it shows it as 1,000.00. > > https://bitcointalk.org/index.php?topic=44.msg267#msg267 > > > Would now be a good time to start thinking about changing the default > display in the software. Perhaps initially it could be a dropdown display > option, then at some point mbtc becomes the default? > > Just a FYI on this topic. In Gavin's recent interview he described the block reward as 25,000 millibits (about 25 minutes in). https://www.youtube.com/watch?v=4pBd-OD9Rns Decide for yourself whether or not that's meaningful :) PS very enjoyable and accessible panel ... --089e0115e87066578c04f86b9c3f Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable



On 14 November 2013 12:45, Melvin Carvalho <melvincarvalho@= gmail.com> wrote:
Rationale
=3D=3D=3D=3D=3D=3D=3D

Given the = recent rise in value there seems to be anecdotal evidence that 1 bitcoin be= ing so high is putting off a lot of normal buyers, because they feel that p= utting down $400+ and only getting "1 coin", or having to buy in = multiples of 1 whole coin, is too much.. only after it being explained that= they can buy fractional amounts to they regain interest, apparently happen= ing increasingly.


Straw Poll
=3D=3D=3D=3D=3D=3D=3D=3D
6 months ago there was a straw poll on this

https://bit= cointalk.org/index.php?topic=3D220322.0

Roughly 2/3 of respondents favoured switching

A furt= her 20% said to switch after it hits 1000

Satoshi's commen= ts:
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Eventually a= t most only 21 million coins for 6.8 billion people in the world if it real= ly gets huge.

But don't worry, there are another 6 decimal places that aren't= shown, for a total of 8 decimal places internally.=C2=A0 It shows 1.00 but= internally it's 1.00000000.=C2=A0 If there's massive deflation in = the future, the software could show more decimal places.

If it gets tiresome working with small numbers, we could change where t= he display shows the decimal point.=C2=A0 Same amount of money, just differ= ent convention for where the ","'s and "."'s go= .=C2=A0 e.g. moving the decimal place 3 places would mean if you had 1.0000= 0 before, now it shows it as 1,000.00.

https://bitcointalk.org/index.php?topic=3D44.msg267#msg26= 7


Would now be a good time to start thinking= about changing the default display in the software.=C2=A0 Perhaps initiall= y it could be a dropdown display option, then at some point mbtc becomes th= e default?


Just a FYI on this = topic.=C2=A0 In Gavin's recent interview he described the block reward = as 25,000 millibits (about 25 minutes in).=C2=A0

https://www.youtube.com/watch?v=3D4= pBd-OD9Rns

Decide for yourself whether or not that's meaningful :)

PS very enjoyable and accessible panel ...
=
--089e0115e87066578c04f86b9c3f--