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 1Vh5Of-0006ML-2g for bitcoin-development@lists.sourceforge.net; Thu, 14 Nov 2013 22:28:21 +0000 Received-SPF: pass (sog-mx-2.v43.ch3.sourceforge.com: domain of zikula.org designates 74.125.82.44 as permitted sender) client-ip=74.125.82.44; envelope-from=drak@zikula.org; helo=mail-wg0-f44.google.com; Received: from mail-wg0-f44.google.com ([74.125.82.44]) by sog-mx-2.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1Vh5Od-0000si-QM for bitcoin-development@lists.sourceforge.net; Thu, 14 Nov 2013 22:28:21 +0000 Received: by mail-wg0-f44.google.com with SMTP id k14so2778607wgh.35 for ; Thu, 14 Nov 2013 14:28:13 -0800 (PST) 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:from:date :message-id:subject:to:cc:content-type; bh=INMccsenYLi9MFha3FDvOIhfwXBMYgBogtx8agQFCRc=; b=k5AQTqm14M6LJIbgxaIMxp6vILNaafjMeqHqT8Mr9IK0LrRSePYTRd13Qy2d/Fcotj fky4dWDNvP/D+j1v2NgnAA3Du+gEHWIneAFaPS8+9Qqi4N5B5qSrzLzusBL/H/2y0XXp TCYTw3YZ1AWGqMpmUv3yittPjsjse39EQtXJpoozNf/enjpOdPWFROWAYJRzpYw2rW7W 3663ZFC8YpLTrFMw7LRPnIA3s5v4lSoxPj6Nuq3qyN5gds5I0gzYaPwHE6sUW3V/hqPE IOs82FbNupDjPv2E3o4Go5KMZ/6vEJ/FD6wAEX/J4u8dKbzwn4hyVXcVMt30uOuhKIBt sBgg== X-Gm-Message-State: ALoCoQmipP0U7mlDc4i8AM99hEH22o6x666xExEU+6EPlqHY9lNObM4T6yadOb5jQuoQJ+H7K7v1 X-Received: by 10.180.87.69 with SMTP id v5mr4884380wiz.45.1384468093573; Thu, 14 Nov 2013 14:28:13 -0800 (PST) MIME-Version: 1.0 Received: by 10.194.93.105 with HTTP; Thu, 14 Nov 2013 14:27:53 -0800 (PST) In-Reply-To: References: From: Drak Date: Thu, 14 Nov 2013 22:27:53 +0000 Message-ID: To: Melvin Carvalho Content-Type: multipart/alternative; boundary=f46d044402a2ebb9d104eb2a9802 X-Spam-Score: -0.5 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URIs: doubleclick.net] -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain -0.0 SPF_PASS SPF: sender matches SPF record 1.0 HTML_MESSAGE BODY: HTML included in message X-Headers-End: 1Vh5Od-0000si-QM Cc: Bitcoin Dev 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, 14 Nov 2013 22:28:21 -0000 --f46d044402a2ebb9d104eb2a9802 Content-Type: text/plain; charset=UTF-8 Given the meteoric growth many are now saying we should just switch straight to Satoshi (uBTC) because it looks like we will be seeing BTC valued in the thousands pretty soon. Small decimal numbers are certainly not very attractive to the masses. There's no point switching to mBTC only to have to switch to uBTC later - especially when that later could be a lot sooner. Unless something is recommended/done by the bitcoin core developers I doubt much will change at bitcoin user/consumer level. Drak On 14 November 2013 11:45, 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? > > > > ------------------------------------------------------------------------------ > 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 > > --f46d044402a2ebb9d104eb2a9802 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable
Given the meteoric growth many are now saying we should ju= st switch straight to Satoshi (uBTC) because it looks like we will be seein= g BTC valued in the thousands pretty soon. Small decimal numbers are certai= nly not very attractive to the masses. There's no point switching to mB= TC only to have to switch to uBTC later - especially when that later could = be a lot sooner.

Unless something is recommended/done by the bitcoin core dev= elopers I doubt much will change at bitcoin user/consumer level.

Drak


On 14 November 2013 11:45, Melvin Carvalho <melvin= carvalho@gmail.com> wrote:
Rationa= le
=3D=3D=3D=3D=3D=3D=3D

Given the recent rise in valu= e there seems to be anecdotal evidence that 1 bitcoin being so high is putt= ing off a lot of normal buyers, because they feel that putting down $400+ a= nd only getting "1 coin", or having to buy in multiples of 1 whol= e coin, is too much.. only after it being explained that they can buy fract= ional amounts to they regain interest, apparently happening 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?


-----------------------------------------------------------------------= -------
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/gam= pad/clk?id=3D63469471&iu=3D/4140/ostg.clktrk
___________________= ____________________________
Bitcoin-development mailing list
Bitcoin-development@lists.sourceforge.net
https://lists.sourceforge.net/lists/listinfo/bitcoin-de= velopment


--f46d044402a2ebb9d104eb2a9802--