The problem is µBTC that bit tries to solve. BTC, mBTC and µBTC are just too similiar for enyone else than engineers. The mixed use of them leads to misunderstanding. I think adoption would benefit of a single unit with easily remembered and associated name that has no smaller than 1/100 fractions called satoshis.
Regards, Tamás Blummer Founder, CEO http://bitsofproof.com On 23.04.2014, at 11:44, Danny Hamilton <danny.hamil...@gmail.com> wrote: > It seems to me that xbit is no more distinct or intuitive than µbit. In > either case it's simply an arbitrary character in front of the word "bit". > Of course, for the majority of the world familiar with SI, the µ actually > adds additional meaning that is lost with the x. > > Furthermore, given the multiple concerns voiced about the overuse of the word > "bit", µBTC seems to solve the problem. > > Since we are talking about how it would be displayed in software, we don't > need to be concerned about how people will pronounce it, or what the nickname > will be. If most of the wallets start displaying amounts in µBTC quantities, > it will be obvious that a µBTC is a different magnitude than a BTC. Nobody > is going to look at their 100,000 µBTC balance and think they have 100,000 > BTC. People will immediately make the mental adjustment to the new order of > magnitude even if they don't specifically know that µ means micro, or that > micro means 1e-6. > > Nicknames will form organically (much like buck, fin, large, k, grand, and > benny for U.S. currency), I've always been partial to milly (or millie) and > mike (or micky) as nicknames for mBTC and µBTC. I've personally used those > when speaking with people, and they seem to catch on pretty quickly. > > As has already been mentioned, you're going to be hard pressed to find > software that denotes U.S. balances in "bucks". There isn't any good reason > to be coding a nickname like "bit", "xbit", or "mike" into wallet software. > > - Danny Hamilton > > > On Tue, Apr 22, 2014 at 8:51 AM, Aaron Axvig <aa...@axvigs.com> wrote: > That piece of horse equipment is called a bit in the US too. But the point > stands: most people don't use "bit" on a daily basis other than referring to > "a little bit of <something>." > > -----Original Message----- > From: Wladimir [mailto:laa...@gmail.com] > Sent: Sunday, April 20, 2014 11:27 AM > To: Chris Pacia > Cc: Bitcoin Dev > Subject: Re: [Bitcoin-development] "bits": Unit of account > > On Sun, Apr 20, 2014 at 6:19 PM, Chris Pacia <ctpa...@gmail.com> wrote: > > The term bit is really only overloaded for those who are techy. 95% of > > the population never uses the term bit in their daily lives and I > > doubt most could even name one use of the term. > > Plus bit used to be a unit of money way back when, so this is kind of > > reclaiming it. I think it's a great fit. > > That's a very anglocentric way of thinking. > > Here in the Netherlands, a "bit" is something you put in a horses's mouth. > It's also used as imported word (in the information sense). > We've never used the term for money. > > Wladimir > > ---------------------------------------------------------------------------- > -- > 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/NeoTech > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > ------------------------------------------------------------------------------ > Start Your Social Network Today - Download eXo Platform > Build your Enterprise Intranet with eXo Platform Software > Java Based Open Source Intranet - Social, Extensible, Cloud Ready > Get Started Now And Turn Your Intranet Into A Collaboration Platform > http://p.sf.net/sfu/ExoPlatform > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > ------------------------------------------------------------------------------ > Start Your Social Network Today - Download eXo Platform > Build your Enterprise Intranet with eXo Platform Software > Java Based Open Source Intranet - Social, Extensible, Cloud Ready > Get Started Now And Turn Your Intranet Into A Collaboration Platform > http://p.sf.net/sfu/ExoPlatform_______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development
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