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

[Alex Kravets <kravets@gmail.com>]

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Hi guys,

I've seen many many non-geeks be utterly intimidated and confused by
0.000XXXXX quantities and/or mBTC & uBTC notation


Yes, $10 being rougnly 10,000 Won in South Korean is a great example where
large amounts of units work very well in a major economy.


FWIW,  I would prefer the entire switch-over be done *once* *and *at the
same time switching both BTC to XBT and using the following


Currency Code *: *XBT
Unit Definition  *: *1 Bit = 100 Satoshis

Addition benefit is splitting the term Bitcoin/bitcoin (as in Network and
currency unit) into Bitcoin (network) and Bit (the unit).


Perhaps this project/process should have a name and be listed on a road map
somewhere

*BRCS: *Bitcoin Re-denomination and [Currency] Code Standardization project


Cheers ...





On Fri, Nov 15, 2013 at 1:23 AM, Eugen Leitl <eugen@leitl.org> wrote:

> On Thu, Nov 14, 2013 at 05:53:16PM -0500, Alan Reiner wrote:
> > I really like the XBT idea.  It makes a lot of sense to match the ISO
>
> I really don't. Just use the SI prefixes.
>
> > currency symbol (though the ISO guys will have to adjust the way they've
> > defined the "XBT").  And I do agree that going right to uBTC and
> > skipping mBTC makes sense, too.
>
> The display units should be choosable by the user.
>
> > I'd prefer them not be called "micro bitcoins."  I really want to call
> > them "microbes" ... but I'm not sure that has the right flavor for money
>
> Why on earth?
>
> > transfer :)  "Please give me 872 microbes".  Perhaps we just call them
> > "bits."  Or even "micros" or "microbits".  As I write this, I realize
> > there's probably 872 threads on the forums about this already...
> >
> > But we would want to promote a consistent term, to avoid further
> > confusion when people use different names for the new unit.  It's not
> > guaranteed to be successful, but if we pick a good name, and build it
> > into the interface on the first release pushing the new unit, we have a
> > chance to make the transition even easier.
>
> The reason SI prefixes were invented is exactly to preven that case.
>
>
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-- 
Alex Kravets <http://www.linkedin.com/in/akravets>       def redPill = '
Scala <http://www.scala-lang.org/>
[[ brutal honesty <http://goo.gl/vwydt> is the best policy ]]

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