This ship may have already sailed, but... Using milli- and micro- notation for currency units is also not very well supported. Last time this thread was active, I believe there was a suggestion to use 1 XBT == 1 uBTC. This would bring us completely within the realm of supported behavior in accounting applications.
On 03/13/2014 09:29 AM, Jeff Garzik wrote: > On Thu, Mar 13, 2014 at 12:14 PM, Alan Reiner <etothe...@gmail.com> wrote: >> Of course, as Mike said, this ship may have already sailed, but if >> there's any way to revisit this, I'm there. We're just about to do >> another Armory release and could support this very easily. > > mBTC now just means the issue -will- be revisited in the future. Just > a question of when, not if. > > People and software in various nations handle big numbers for small > values (e.g. Yen) just fine. > People and software do -not- handle extra decimal places well, field > experience shows. > > <vendor hat: on> To roll out QuickBooks support --without converting > any numbers, a key financial attribute-- mBTC is simply insufficient > today, not in the future. > > I also argue that it is a security risk, as follows: To support > accounting packages limited to 2 decimal places, decimal point > conversion must be performed. This produces a situation where your > accounting system shows numbers that do not visually match the numbers > in the bitcoin software. That, in turn, making auditing more > difficult, particularly for outsiders. > > Shipping with mBTC defaults was decidedly unwise, considering that -- > like BTC -- it fails to solve existing, known problems that uBTC can > solve, and considering the inevitable mBTC->uBTC switch. > ------------------------------------------------------------------------------ Learn Graph Databases - Download FREE O'Reilly Book "Graph Databases" is the definitive new guide to graph databases and their applications. Written by three acclaimed leaders in the field, this first edition is now available. Download your free book today! http://p.sf.net/sfu/13534_NeoTech _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
