{"type":"rich","version":"1.0","author_name":"npub1k9ajtzw275c34txkcf3frjrvgez6rjvhlqqvh6uwmjucekafds0q5kwv59","author_url":"https://nostr.ae/npub1k9ajtzw275c34txkcf3frjrvgez6rjvhlqqvh6uwmjucekafds0q5kwv59","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-04-20\n📝 Original message:\u003e The average person is not going to be confident that the prefix they\n\u003e are using is the correct one, \n\nThe use of any 'prefix' is one of choice and entirely unnecessary, and there\nare already established 'divisions' in u/mBTC for those that feel they need\nto use such things.\n\n\u003e people WILL send 1000x more or less than\n\u003e intended if we go down this road, \n\nExceptionally unlikely - I deal every day with currencies with 0, 2 and 3\ndp's in amount ranging from 'under 1 whole unit' to tens of thousands - Not\nonce in 20 years has anyone ever 'sent' more or less than intended - oh,\nthey've 'intended' to underpay just fine, but never *unintended*.\n\n\u003e I propose that users are offered a preference to denominate the\n\u003e Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)\n\u003e equals one million bits (bits) and one bit equals 100 satoshis.\n\nI propose that for people unable to understand what a bitcoin is, they can\njust use satoshi's and drop this entire proposal.\n\nRob"}