[Bitcoin-development] MITOSYS: New Encrypted Communications Cryptocurrency

2013-11-14 Thread Zumbi Warrior
-BEGIN PGP SIGNED MESSAGE-Hash: SHA1Hi guys,Due to a good suggestion of my friend ripper234 (Ron Gross) I'm doing this short but sweet.A new concept is in the making. And the project is moving forward.WHO: I'm a Bitcoin enthusiast who has been following developments in the shadows for

[Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Melvin Carvalho
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

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Luke-Jr
On Thursday, November 14, 2013 11:45:51 AM Melvin Carvalho wrote: 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? There's already a dropdown

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Alan Reiner
I highly recommend that if we make any move towards this, that the software show verification in both/all units. For instance, there should be 3 input fields, one for BTC, one for mBTC one for uBTC. As the user enters a value in one of the fields, it would automatically update the other fields

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Mark Friedenbach
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 For this reason I'm in favor of skipping mBTC and moving straight to uBTC. Having eight, or even five decimal places is not intuitive to the average user. Two decimal places is becoming standard for new national currencies, and we wouldn't be too far

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Jeff Garzik
Go straight to uBTC. Humans and existing computer systems handle numbers to the left of the decimals just fine (HK Dollars, Yen). The opposite is untrue (QuickBooks really does not like 3+ decimal places). - Jeff On Nov 14, 2013 4:40 PM, Mark Friedenbach m...@monetize.io wrote: -BEGIN

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Allen Piscitello
Obviously the answer is to just display all fees and trading rates as BTC or MBTC (.005 MBTC fee? how cheap!). On a more serious note, the transition should definitely be thought out well as it could be very damaging to have this confusion, but I would prefer to do it only once rather than

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Mark Friedenbach
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 On 11/14/13 2:00 PM, Alan Reiner wrote: Just keep in mind it will be a little awkward that 54.3 uBTC is the smallest unit that can be transferred [easily] and the standard fees are 500 uBTC.It's not a deal breaker, it's just something that

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Drak
On 14 November 2013 22:00, Alan Reiner etothe...@gmail.com wrote: Just keep in mind it will be a little awkward that 54.3 uBTC is the smallest unit that can be transferred [easily] and the standard fees are 500 uBTC.It's not a deal breaker, The fed was reduced to 0.0001/kb a while

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Drak
On 14 November 2013 22:32, Drak d...@zikula.org wrote: On 14 November 2013 22:00, Alan Reiner etothe...@gmail.com wrote: Just keep in mind it will be a little awkward that 54.3 uBTC is the smallest unit that can be transferred [easily] and the standard fees are 500 uBTC.It's not a deal

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Luke-Jr
On Thursday, November 14, 2013 10:07:58 PM Allen Piscitello wrote: Obviously the answer is to just display all fees and trading rates as BTC or MBTC (.005 MBTC fee? how cheap!). On a more serious note, the transition should definitely be thought out well as it could be very damaging to

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Luke-Jr
On Thursday, November 14, 2013 10:53:16 PM Alan Reiner wrote: I really like the XBT idea. It makes a lot of sense to match the ISO currency symbol (though the ISO guys will have to adjust the way they've defined the XBT). And I do agree that going right to uBTC and skipping mBTC makes sense,

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Mark Friedenbach
-BEGIN PGP SIGNED MESSAGE- Hash: SHA1 On 11/14/13 3:01 PM, Luke-Jr wrote: I think we all know the problems with the term address. People naturally compare it to postal addresses, email addresses, etc, which operate fundamentally different. I suggest that we switch to using invoice id

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Jeff Garzik
On Thu, Nov 14, 2013 at 5:27 PM, Drak d...@zikula.org wrote: Unless something is recommended/done by the bitcoin core developers I doubt much will change at bitcoin user/consumer level. While the sentiment is appreciated, it seems important to gently push back a bit, and remind: This is a

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Melvin Carvalho
On 15 November 2013 01:37, Daniel F nanot...@gmail.com wrote: This is a decentralized currency, and we should avoid centralizing decisions. This is something that impacts the community at large, and deserves input and discussion at every level. I would suggest posting on all possible

Re: [Bitcoin-development] moving the default display to mbtc

2013-11-14 Thread Alan Reiner
I disagree. There's a real perception and usability issue with the current interface combined with the current price. People are intimidated by the current system, even though the price really reflects Bitcoin starting to spread its wings (maybe prematurely, bubble-style, but the price will have