{"type":"rich","version":"1.0","author_name":"npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0u","author_url":"https://nostr.ae/npub1r3san9v5njl6798hvauyu9ntm6r9c7u8s0t65wls58gpfdcvqp5sa48d0u","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-03-14\n📝 Original message:A cup of coffee in Tokyo costs about 55 yen. You see similar magnitude\nnumbers in both Chinas, Thailand, and other economically important East\nAsian countries. Expect to pay hundreds of rupees in India, or thousands\nof rupees in Indonesia.\n\nThis concept that money should have low, single digits for everyday\nprices is not just Western-centric, it's English-centric. An expresso in\nRome would have cost you a few (tens of?) thousand lira in recent\nmemory. It was pegging of the Euro to the U.S. dollar that brought\nEuropean states in line with the English-speaking world (who themselves\ntrace lineage to the pound sterling).\n\nNo, there is no culturally-neutral common standards for currency and\npricing. But there are ill-advised, ill-informed \"standards\" in\naccounting software that we nevertheless must live with. These software\npackages do not handle more than two decimal places gracefully. That\ngives technical justifications for moving to either uBTC or accounting\nin Satoshis directly. An argument for uBTC is that it retains alignment\nwith the existing kBTC/BTC/mBTC/uBTC conventions.\n\nHowever another limitation of these accounting software practices is\nthat they do not always handle SI notation very well, particularly\nsub-unit prefixes. By relabeling uBTC to be a new three-digit symbol\n(XBT, XBC, IBT, NBC, or whatever--I really don't care), we are now fully\ncompliant with any software accounting package out there.\n\nWe are still very, very early in the adoption period. These are changes\nthat could be made now simply by a few big players and/or the bitcoin\nfoundation changing their practice and their users following suit.\n\nOn 03/14/2014 07:49 AM, Andreas Schildbach wrote:\n\u003e How much do you pay for an Espresso in your local currency?\n\u003e \n\u003e At least for the Euro and the Dollar, mBTC 3.56 is very close to what\n\u003e people would expect. Certainly more familiar than µBTC 3558 or BTC\n\u003e 0.003578.\n\u003e \n\u003e Anyway, I was just sharing real-world experience: nobody is confused.\n\u003e \n\u003e \n\u003e On 03/14/2014 03:14 PM, Tamas Blummer wrote:\n\u003e\u003e You give them a hard to interpret thing like mBTC and then wonder\n\u003e\u003e why they rather look at local currency. Because the choices you\n\u003e\u003e gave them are bad.\n\u003e\u003e\n\u003e\u003e I think Bitcoin would have a better chance to be percieved as a\n\u003e\u003e currency of its own if it had prices and fractions like currencies\n\u003e\u003e do.\n\u003e\u003e\n\u003e\u003e 3.558 mBTC or 0.003578 BTC will never be as accepted as 3558 bits\n\u003e\u003e would be.\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e Tamas Blummer Bits of Proof\n\u003e\u003e\n\u003e\u003e On 14.03.2014, at 15:05, Andreas Schildbach \u003candreas at schildbach.de\u003e\n\u003e\u003e wrote:\n\u003e\u003e\n\u003e\u003e\u003e btw. None of Bitcoin Wallet's users complained about confusion\n\u003e\u003e\u003e because of the mBTC switch. In contrast, I get many mails and\n\u003e\u003e\u003e questions if exchange rates happen to differ by \u003e10%.\n\u003e\u003e\u003e\n\u003e\u003e\u003e I suspect nobody looks at the Bitcoin price. It's the amount in\n\u003e\u003e\u003e local currency that matters to the users.\n\u003e\u003e\u003e\n\u003e\u003e\u003e\n\u003e\u003e\u003e On 03/13/2014 02:40 PM, Andreas Schildbach wrote:\n\u003e\u003e\u003e\u003e Indeed. And users were crying for mBTC. Nobody was asking for\n\u003e\u003e\u003e\u003e µBTC.\n\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e I must admit I was not aware if this thread. I just watched\n\u003e\u003e\u003e\u003e other wallets and at some point decided its time to switch to\n\u003e\u003e\u003e\u003e mBTC.\n\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e On 03/13/2014 02:31 PM, Mike Hearn wrote:\n\u003e\u003e\u003e\u003e\u003e The standard has become mBTC and that's what was adopted.\n\u003e\u003e\u003e\u003e\u003e It's too late to try and sway this on a mailing list thread\n\u003e\u003e\u003e\u003e\u003e now.\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e On Thu, Mar 13, 2014 at 2:29 PM, Gary Rowe\n\u003e\u003e\u003e\u003e\u003e \u003cg.rowe at froot.co.uk \u003cmailto:g.rowe at froot.co.uk\u003e\u003e wrote:\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e The MultiBit HD view is that this is a locale-sensitive\n\u003e\u003e\u003e\u003e\u003e presentation issue. As a result we offer a simple\n\u003e\u003e\u003e\u003e\u003e configuration panel giving pretty much every possible\n\u003e\u003e\u003e\u003e\u003e combination: icon, m+icon,  μ+icon, BTC, mBTC,  μBTC, XBT,\n\u003e\u003e\u003e\u003e\u003e mXBT,  μXBT, sat along with settings for leading/trailing\n\u003e\u003e\u003e\u003e\u003e symbol, commas, spaces and points. This allows anyone to\n\u003e\u003e\u003e\u003e\u003e customise to meet their own needs beyond the offered default.\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e We apply the NIST guidelines for representation of SI unit\n\u003e\u003e\u003e\u003e\u003e symbols (i.e no conversion to native language, no RTL giving\n\u003e\u003e\u003e\u003e\u003e icon+m etc).\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e Right now MultiBit HD is configured to use m+icon taken from\n\u003e\u003e\u003e\u003e\u003e the Font Awesome icon set. However reading earlier posts it\n\u003e\u003e\u003e\u003e\u003e seems that μ+icon is more sensible.\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e Let us know what you'd like.\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e Links: m+icon screenshot: http://imgur.com/a/WCDoG Font\n\u003e\u003e\u003e\u003e\u003e Awesome icon:\n\u003e\u003e\u003e\u003e\u003e http://fortawesome.github.io/Font-Awesome/icon/btc/ NIST SI\n\u003e\u003e\u003e\u003e\u003e guidelines: http://physics.nist.gov/Pubs/SP811/sec07.html\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e On 13 March 2014 12:56, Jeff Garzik \u003cjgarzik at bitpay.com \n\u003e\u003e\u003e\u003e\u003e \u003cmailto:jgarzik at bitpay.com\u003e\u003e wrote:\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e Resurrecting this topic.  Bitcoin Wallet moved to mBTC\n\u003e\u003e\u003e\u003e\u003e several weeks ago, which was disappointing -- it sounded like\n\u003e\u003e\u003e\u003e\u003e the consensus was uBTC, and moving to uBTC later --which will\n\u003e\u003e\u003e\u003e\u003e happen-- may result in additional user confusion, thanks to\n\u003e\u003e\u003e\u003e\u003e yet another decimal place transition.\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e On Sun, Nov 17, 2013 at 9:28 PM, Wendell \u003cw at grabhive.com \n\u003e\u003e\u003e\u003e\u003e \u003cmailto:w at grabhive.com\u003e\u003e wrote:\n\u003e\u003e\u003e\u003e\u003e\u003e We're with uBTC too. Been waiting for the signal to do\n\u003e\u003e\u003e\u003e\u003e\u003e this,\n\u003e\u003e\u003e\u003e\u003e let's do it right after the fee system is improved.\n\u003e\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\u003e -wendell\n\u003e\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\u003e grabhive.com \u003chttp://grabhive.com\u003e |\n\u003e\u003e\u003e\u003e\u003e\u003e twitter.com/hivewallet\n\u003e\u003e\u003e\u003e\u003e \u003chttp://twitter.com/hivewallet\u003e | gpg: 6C0C9411\n\u003e\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\u003e On Nov 15, 2013, at 6:03 AM, Jeff Garzik wrote:\n\u003e\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\u003e\u003e Go straight to uBTC. Humans and existing computer\n\u003e\u003e\u003e\u003e\u003e\u003e\u003e systems\n\u003e\u003e\u003e\u003e\u003e handle numbers to\n\u003e\u003e\u003e\u003e\u003e\u003e\u003e the left of the decimals just fine (HK Dollars, Yen).\n\u003e\u003e\u003e\u003e\u003e\u003e\u003e The\n\u003e\u003e\u003e\u003e\u003e opposite is\n\u003e\u003e\u003e\u003e\u003e\u003e\u003e untrue (QuickBooks really does not like 3+ decimal\n\u003e\u003e\u003e\u003e\u003e\u003e\u003e places).\n\u003e\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e -- Jeff Garzik Bitcoin core developer and open source\n\u003e\u003e\u003e\u003e\u003e evangelist BitPay, Inc.      https://bitpay.com/\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e ------------------------------------------------------------------------------\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e Learn Graph Databases - Download FREE O'Reilly Book\n\u003e\u003e\u003e\u003e\u003e \"Graph Databases\" is the definitive new guide to graph\n\u003e\u003e\u003e\u003e\u003e databases and their applications. Written by three acclaimed\n\u003e\u003e\u003e\u003e\u003e leaders in the field, this first edition is now available.\n\u003e\u003e\u003e\u003e\u003e Download your free book today! \n\u003e\u003e\u003e\u003e\u003e http://p.sf.net/sfu/13534_NeoTech \n\u003e\u003e\u003e\u003e\u003e _______________________________________________ \n\u003e\u003e\u003e\u003e\u003e Bitcoin-development mailing list \n\u003e\u003e\u003e\u003e\u003e Bitcoin-development at lists.sourceforge.net \n\u003e\u003e\u003e\u003e\u003e \u003cmailto:Bitcoin-development at lists.sourceforge.net\u003e \n\u003e\u003e\u003e\u003e\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e\u003e\u003e\u003e\u003e Learn Graph Databases - Download FREE O'Reilly Book \"Graph\n\u003e\u003e\u003e\u003e\u003e Databases\" is the definitive new guide to graph databases\n\u003e\u003e\u003e\u003e\u003e and their applications. Written by three acclaimed leaders in\n\u003e\u003e\u003e\u003e\u003e the field, this first edition is now available. Download your\n\u003e\u003e\u003e\u003e\u003e free book today! http://p.sf.net/sfu/13534_NeoTech \n\u003e\u003e\u003e\u003e\u003e _______________________________________________ \n\u003e\u003e\u003e\u003e\u003e Bitcoin-development mailing list \n\u003e\u003e\u003e\u003e\u003e Bitcoin-development at lists.sourceforge.net \n\u003e\u003e\u003e\u003e\u003e \u003cmailto:Bitcoin-development at lists.sourceforge.net\u003e \n\u003e\u003e\u003e\u003e\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e\u003e\u003e\u003e\u003e Learn Graph Databases - Download FREE O'Reilly Book \"Graph\n\u003e\u003e\u003e\u003e\u003e Databases\" is the definitive new guide to graph databases and\n\u003e\u003e\u003e\u003e\u003e their applications. Written by three acclaimed leaders in the\n\u003e\u003e\u003e\u003e\u003e field, this first edition is now available. Download your\n\u003e\u003e\u003e\u003e\u003e free book today! http://p.sf.net/sfu/13534_NeoTech\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e _______________________________________________ \n\u003e\u003e\u003e\u003e\u003e Bitcoin-development mailing list \n\u003e\u003e\u003e\u003e\u003e Bitcoin-development at lists.sourceforge.net \n\u003e\u003e\u003e\u003e\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e\u003e\u003e\u003e Learn Graph Databases - Download FREE O'Reilly Book \"Graph\n\u003e\u003e\u003e\u003e Databases\" is the definitive new guide to graph databases and\n\u003e\u003e\u003e\u003e their applications. Written by three acclaimed leaders in the\n\u003e\u003e\u003e\u003e field, this first edition is now available. Download your free\n\u003e\u003e\u003e\u003e book today! http://p.sf.net/sfu/13534_NeoTech \n\u003e\u003e\u003e\u003e _______________________________________________ \n\u003e\u003e\u003e\u003e Bitcoin-development mailing list \n\u003e\u003e\u003e\u003e Bitcoin-development at lists.sourceforge.net \n\u003e\u003e\u003e\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\u003e\u003e\u003e\n\u003e\u003e\u003e\n\u003e\u003e\u003e\n\u003e\u003e\u003e\n\u003e\u003e\u003e\n\u003e\u003e\u003e\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e\u003e\u003e Learn Graph Databases - Download FREE O'Reilly Book \"Graph\n\u003e\u003e\u003e Databases\" is the definitive new guide to graph databases and\n\u003e\u003e\u003e their applications. Written by three acclaimed leaders in the\n\u003e\u003e\u003e field, this first edition is now available. Download your free\n\u003e\u003e\u003e book today! http://p.sf.net/sfu/13534_NeoTech \n\u003e\u003e\u003e _______________________________________________ \n\u003e\u003e\u003e Bitcoin-development mailing list \n\u003e\u003e\u003e Bitcoin-development at lists.sourceforge.net \n\u003e\u003e\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e ------------------------------------------------------------------------------\n\u003e\u003e\n\u003e\u003e\n\u003e Learn Graph Databases - Download FREE O'Reilly Book\n\u003e\u003e \"Graph Databases\" is the definitive new guide to graph databases\n\u003e\u003e and their applications. Written by three acclaimed leaders in the\n\u003e\u003e field, this first edition is now available. Download your free book\n\u003e\u003e today! http://p.sf.net/sfu/13534_NeoTech\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e _______________________________________________ Bitcoin-development\n\u003e\u003e mailing list Bitcoin-development at lists.sourceforge.net \n\u003e\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e\u003e\n\u003e \n\u003e \n\u003e \n\u003e ------------------------------------------------------------------------------\n\u003e Learn Graph Databases - Download FREE O'Reilly Book\n\u003e \"Graph Databases\" is the definitive new guide to graph databases and their\n\u003e applications. Written by three acclaimed leaders in the field,\n\u003e this first edition is now available. Download your free book today!\n\u003e http://p.sf.net/sfu/13534_NeoTech\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing list\n\u003e Bitcoin-development at lists.sourceforge.net\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e"}