{"type":"rich","version":"1.0","author_name":"npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgyd","author_url":"https://nostr.ae/npub17ty4mumkv43w8wtt0xsz2jypck0gvw0j8xrcg6tpea25z2nh7meqf4qgyd","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-03-13\n📝 Original message:On Thu, Mar 13, 2014 at 3:32 PM, Jeff Garzik \u003cjgarzik at bitpay.com\u003e wrote:\n\n\u003e Such hand-wavy, data-free logic is precisely why community\n\u003e coordination is preferred to random apps making random decisions in\n\u003e this manner.\n\u003e\n\nThat ship sailed months ago. If you wanted a big push for uBTC, then would\nhave been the time. Though given that it'd have made lots of normal\nbalances incredibly huge, perhaps it's a good thing that didn't happen.\nAlso \"milli\" is a unit people encounter in daily life whereas micro isn't.\nIs it milli / micro / nano or milli / nano / micro? I bet a lot of people\nwould get that wrong.\n\nIf you have to export to financial packages that can't handle fractional\npennies, then by all means represent prices in whatever units you like for\nthat purpose, but in software designed for ordinary people in everyday life\nmBTC is a pretty good fit.\n\nBesides, fractional pennies crop up in existing currencies too (the famous\nVerizon Math episode showed this), so if a financial package insists on\nrounding to 2dp then I guess it may sometimes do the wrong thing in some\nbusiness cases already.\n\nFundamentally, more than two decimal places tends to violate the\n\u003e Principle Of Least Astonishment with many humans, and as a result,\n\u003e popular software systems have been written with that assumption.\n\n\nLots of people use currencies that don't have any fractional components at\nall ! So perhaps all prices should be denominated in satoshis to ensure\nthat they're not surprised :)\n\nThe (number) line has to be drawn somewhere. Wallets are free to suppress\nmore than 2dp of precision and actually Andreas' app lets you choose your\npreferred precision. So I think in the end it won't matter a whole lot, if\nthe defaults end up being wrong people can change them until wallet authors\ncatch up.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140313/70575f0a/attachment.html\u003e"}