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

[Ben Davenport <bendavenport@gmail.com>]

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I fully support this (it's what I suggested over a year ago), but what it
comes down to is BitPay, Coinbase, Blockchain and Bitstamp getting
together, agreeing what they're going to use, and doing a little joint
customer education campaign around it. If there's community momentum around
"bits", great.

My only addition is that I think we should all stop trying to attach SI
prefixes to the currency unit. Name me another world currency that uses SI
prefixes. No one quotes amounts as 63 k$ or 3 M$. The accepted standard at
least in the US is <currency-symbol><amount><modifier>, i.e. $63k or $3M.
That may not be accepted form everywhere, but in any case it's an informal
format, not a formal one. The important point is there should be one base
unit that is not modified with SI prefixes. And I think the arguments are
strong for that unit being = 100 satoshi.

Ben




On Fri, May 2, 2014 at 12:17 PM, Jeff Garzik <jgarzik@bitpay.com> wrote:

> <vendor hat: on>
>
> Related:
> http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html
>
> --
> Jeff Garzik
> Bitcoin core developer and open source evangelist
> BitPay, Inc.      https://bitpay.com/
>
>
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