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 people
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 so
On Thu, Mar 13, 2014 at 9:38 PM, Jack Scott wrote:
> 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 generate a Bitcoin privat
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 use
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 most
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 :
> I think Mark makes some good arguments.
> I realize t
Well, not sure I wanted to subscribe the mbtc vs ubtc list... its a
default, not a big deal.
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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 us
A cup of coffee in Tokyo costs about 55 yen. You see similar magnitude
numbers in both Chinas, Thailand, and other economically important East
Asian countries. Expect to pay hundreds of rupees in India, or thousands
of rupees in Indonesia.
This concept that money should have low, single digits for
Indeed, rounding is the obvious easy fix. Bitcoin Wallet rounds all
amounts except if you type amounts with a higher precision.
On 03/14/2014 04:32 PM, Mike Hearn wrote:
> The issue here is that most people are producing prices in BTC by just
> multiplying through the spot rate with full precisio
The issue here is that most people are producing prices in BTC by just
multiplying through the spot rate with full precision. Obviously if you
converted dollar prices to Euro prices with the same technique, you'd also
end up with lots of numbers after the decimal point, but in the real world
nobody
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 ex
>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
co
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.
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
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 convert
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
How much do you pay for an Espresso in your local currency?
At least for the Euro and the Dollar, mBTC 3.56 is very close to what
people would expect. Certainly more familiar than µBTC 3558 or BTC
0.003578.
Anyway, I was just sharing real-world experience: nobody is confused.
On 03/14/2014 03:1
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 o
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 03/13/20
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