btw. None of Bitcoin Wallet's users complained about confusion because
of the mBTC switch. In contrast, I get many mails and questions if
exchange rates happen to differ by 10%.
I suspect nobody looks at the Bitcoin price. It's the amount in local
currency that matters to the users.
On
You give them a hard to interpret thing like mBTC and then wonder why
they rather look at local currency. Because the choices you gave them are bad.
I think Bitcoin would have a better chance to be percieved as a currency
of its own if it had prices and fractions like currencies do.
3.558 mBTC
On Fri, Mar 14, 2014 at 03:05:25PM +0100, Andreas Schildbach wrote:
btw. None of Bitcoin Wallet's users complained about confusion because
of the mBTC switch. In contrast, I get many mails and questions if
exchange rates happen to differ by 10%.
At the moment, I imagine the vast majority of
you miss the point Andreas. It is not about the magnitude but about
the form of a price.
A number with no decimals or with two decimals is percieved as a
price in some currency.
A number with more than two decimals is just not percieved as a price
but as a geeky something that you rather
By that definition 3.56 is a price. Maybe I misunderstood you and you're
lobbying for mBTC?
On 03/14/2014 03:57 PM, Tamas Blummer wrote:
you miss the point Andreas. It is not about the magnitude but about
the form of a price.
A number with no decimals or with two decimals is percieved as a
I think you want to misunderstand me Andreas.
It is astonishing arrogance to define the units because we in Bitcoin are used
to
some wierd notation and ignore that the vast majority of population and
financial software in existence does not have a notion of prices
with more than two decimals.
You give them a hard to interpret thing like mBTC and then wonder why
they rather look at local currency. Because the choices you gave them are
bad.
I don't think this is particularly true. The options people are given are
all good in this case and all have their merits. The reason people are
I don't know about financial software.
I really don't get what you mean by weird notation? Bitcoin Wallet is
made for ordinary users. They are used to real-world prices like EUR
1.63 / USD 2.26 (that would be the Espresso example). How can mBTC 3.56
be weird to these people?
Granted, there are
I think Mark makes some good arguments.
I realize this would only add to the confusion, but...
What if we did relabel 100 satoshis to be some new kind of unit (bit or
whatever else), with a proper 3 letter code, and then from a user
standpoint, where people are using mBTC, they could switch to
Well, not sure I wanted to subscribe the mbtc vs ubtc list... its a
default, not a big deal.
--
Learn Graph Databases - Download FREE O'Reilly Book
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so much discussion for a visual update...
make this a user experiment:
-give the user the possibility to use BTC/mBTC/uMTC
-retrieve the results after some time
-make the default the most used option
2014-03-14 16:15 GMT+00:00 Alex Morcos mor...@gmail.com:
I think Mark makes some good
Fairly useless experiment, since the vast majority of users will almost
always stay at the default. The winner will always be whatever was
selected as the default initially. This might work if the default was
randomly chosen, and you see what actually annoyed users enough to switch
off of it
I think
* if we change to mBTC because your state currencys price for bitcoin
make this a valid option we will change again in future
* users do not like changes
* we should keep a good standard
A good standard should be
* built on standards (e.g. SI)
* backed by best practice: never force the
On Thu, Mar 13, 2014 at 9:38 PM, Jack Scott jack.scott.pub...@gmail.comwrote:
BIP: XX
Title: Physical key / edge detection software and PIN to generate a
Bitcoin private key
Author: Jack Scott
Status: Idea
Type: Standard Track
Created: 13-3-2014
Abstract:
A method is proposed to
Regarding (ISO standards) currency symbols, XBT is already used as
equivalent to 1 Bitcoin in numerous places, and XBC is taken and BT*
belongs to Bhutan (and X** is already the default for non-national currency
common items of trade), so IMHO we should define something like XUB as
microbitcoins
Hello,
I see a lot of talk on this topic and get the senst that it is focused on
default display only regarding the mBTC / uBTC questions. However, if the
focus is broader, involving whether or how to express other currencies or
moving further along to what that might even mean (since many
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