{"type":"rich","version":"1.0","author_name":"npub1xvnnyhz8e4eklaakjc9xgm5w8pzkuckt923uacz2cftqdqx23g7q3c5rqg","author_url":"https://nostr.ae/npub1xvnnyhz8e4eklaakjc9xgm5w8pzkuckt923uacz2cftqdqx23g7q3c5rqg","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2013-11-14\n📝 Original message:I also would prefer to go straight to uBTC as the \"standard wallet unit\".\n It works out perfectly with Satoshi's being the decimal units.  Something\nthat costs $10USD would be 25000uBTC.  This isn't a problem for a place\nlike South Korea, where 10USD is about 10,000 Won, so we aren't even off on\na scale of usable currencies in major economies.\n\nThe downsides are obviously confusion (causing mistakes resulting in lost\ncoins), and possibly from a psychological perspective on price (uBTC are\nworthless!).  On the other hand, it also might help people feel like they\nare getting in on the ground floor still (I own 100,000 uBTC!), and reduce\nthe perception the Bitcoins are not divisible (I have heard several people\nworry that 21 million is not enough units).\n\nAlan's ideas for compatibility with multiple fields will also be helpful to\nsolving the confusion issue.\n\n\n\nOn Thu, Nov 14, 2013 at 3:15 PM, Mark Friedenbach \u003cmark at monetize.io\u003e wrote:\n\n\u003e -----BEGIN PGP SIGNED MESSAGE-----\n\u003e Hash: SHA1\n\u003e\n\u003e For this reason I'm in favor of skipping mBTC and moving straight to\n\u003e uBTC. Having eight, or even five decimal places is not intuitive to\n\u003e the average user. Two decimal places is becoming standard for new\n\u003e national currencies, and we wouldn't be too far from human scale\n\u003e everyday numbers: 25.00uBTC ~= $0.01 currently. And I don't think very\n\u003e many people on this list would consider bitcoin overvalued in the long\n\u003e term perspective.\n\u003e\n\u003e Better to go through a confusing renumbering only once.\n\u003e\n\u003e Mark\n\u003e\n\u003e On 11/14/13 12:01 PM, Alan Reiner wrote:\n\u003e \u003e ... I'm also of the opinion that it's freakin' hard to change the\n\u003e \u003e base unit in such an established system.  There is no easy way to\n\u003e \u003e do this that doesn't cause more heartache than it's worth...\n\u003e -----BEGIN PGP SIGNATURE-----\n\u003e Version: GnuPG/MacGPG2 v2.0.19 (Darwin)\n\u003e Comment: GPGTools - http://gpgtools.org\n\u003e Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/\n\u003e\n\u003e iQIcBAEBAgAGBQJShT2JAAoJEAdzVfsmodw4DXAQAIJTNbpwBGTXuFyaxXQULf20\n\u003e hMs7OlQZSOZOdsmSiPv2augxzbpa2DhhZjiosrScSBCjxMeYd4S6WgTt/b8moAYR\n\u003e HD8pm88JyCKDOd7bOmzTkgDOTBBFfH+islmOY9VTdeKGHeOHH6yyLMKwnUpa+S89\n\u003e 4YtdzlIXAtfT37dpR5E4cHPmAYCbrRsNOB6j5ohVl2VqRou2vkwoJr/YvaW54M8i\n\u003e ucIZyai2qjNWyJLcZC9QWi9Yw/W/n9QYE2mHyL0qWNaIrZVn6WGty8KpYq+i7aeU\n\u003e 4N4UdtLT7FAhWYec9nmEec868WsUsd+H3/WSWViMinUKO4YA3cyxWDL7MTmTRsci\n\u003e g0R4WGYCzMM3cEWz5ycf5KEBPH/nDlbqFmEartTffqKXgrK5Ohhw+28Iqw5KcDX8\n\u003e SVx34lw2yHWmTeIMY8d3qYKqBdcsvixDUD3xvq+ZqEIa+bZw12s4LIzqmir84TB8\n\u003e fB4bdq5GddXX0PK4pboXL+Nib0OVK72YgYnVs/ejlBmeiG8Ixoz4/ygR5MHm8jcw\n\u003e tSiwH0xohOJWg3lJj0vZorubXoECcOqwPzsZkwnT9irbrvOuk2jCPvrkEC8U9fgA\n\u003e XHgirStS49/lI/iUWrRchoTt5iuwG18G4+E81V/DMsrSkYlipuf2DlEXiapn3hWz\n\u003e ccP053+6o5Rgpc7J1aa0\n\u003e =QW1i\n\u003e -----END PGP SIGNATURE-----\n\u003e\n\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e DreamFactory - Open Source REST \u0026 JSON Services for HTML5 \u0026 Native Apps\n\u003e OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access\n\u003e Free app hosting. Or install the open source package on any LAMP server.\n\u003e Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native!\n\u003e http://pubads.g.doubleclick.net/gampad/clk?id=63469471\u0026iu=/4140/ostg.clktrk\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\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131114/c60e096d/attachment.html\u003e"}