{"type":"rich","version":"1.0","author_name":"npub1kuhqdyx2akxv9hwayn7845fwc4ddfazv7grgy5g7e5ucz3lspk3qf7w9j7","author_url":"https://nostr.ae/npub1kuhqdyx2akxv9hwayn7845fwc4ddfazv7grgy5g7e5ucz3lspk3qf7w9j7","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-03-14\n📝 Original message:\u003eYou give them a hard to interpret thing like mBTC and then wonder why\n\u003ethey rather look at local currency. Because the choices you gave them are\nbad.\n\nI don't think this is particularly true. The options people are given are\nall good in this case and all have their merits. The reason people are\nconverting to fiat using the exchange rates is because right now the\nexchanges define its value. People have no intuitive idea that a loaf of\nbread cost X BTC. This isn't going to change anytime soon.\n\nIn my opinion it doesn't really matter what denomination you use.  If we\nswitched to micro we would have 3 extra digits we would be working with on\na daily basis which have very little significance. But thats just a western\npoint of view and people could adapt.\n\nThe real problems are that millibitcoin and microbitcoin are hard to say\nloud and the both start with 'm' not too many people have a mu key on their\nkeyboard. Even Bitcoin is not nice to say. it has two very hard sounds\ntogether in the middle of the word.\n\nIt would be far easier if we had a system like one ham is 1000 bits, one\nbacon is 1000 hams.\n\nClearly a ridiculous example but try saying and you'll realize how much\neasier it is to describe things not that they are clearly differentiable\nwords that are easy to say.\n\nI like bits as the lowest one. But its not something you can decide. The\ncommon names will have to develop naturally and in all likelihood will\ndiffer between regions (I know I know we must keep it standardized but what\nmight be easy to say in North America probably isn't as easy elsewhere.)\n\nSo give people the options (Let them transact on their own terms). I would\nsay restrict it to BTC milli and micro in the settings that will help nudge\npeople towards even different regions simply having different names for the\nsame quantity as opposed to some place having 10 hams as a pixie.\n\n\nOn 14 March 2014 10:14, Tamas Blummer \u003ctamas at bitsofproof.com\u003e wrote:\n\n\u003e You give them a hard to interpret thing like mBTC and then wonder why\n\u003e they rather look at local currency. Because the choices you gave them are\n\u003e bad.\n\u003e\n\u003e I think Bitcoin would have a better chance to be percieved as a currency\n\u003e of its own if it had prices and fractions like currencies do.\n\u003e\n\u003e 3.558 mBTC or 0.003578 BTC will never be as accepted as 3558 bits would be.\n\u003e\n\u003e\n\u003e Tamas Blummer\n\u003e Bits of Proof\n\u003e\n\u003e On 14.03.2014, at 15:05, Andreas Schildbach \u003candreas at schildbach.de\u003e wrote:\n\u003e\n\u003e \u003e btw. None of Bitcoin Wallet's users complained about confusion because\n\u003e \u003e of the mBTC switch. In contrast, I get many mails and questions if\n\u003e \u003e exchange rates happen to differ by \u003e10%.\n\u003e \u003e\n\u003e \u003e I suspect nobody looks at the Bitcoin price. It's the amount in local\n\u003e \u003e currency that matters to the users.\n\u003e \u003e\n\u003e \u003e\n\u003e \u003e On 03/13/2014 02:40 PM, Andreas Schildbach wrote:\n\u003e \u003e\u003e Indeed. And users were crying for mBTC. Nobody was asking for µBTC.\n\u003e \u003e\u003e\n\u003e \u003e\u003e I must admit I was not aware if this thread. I just watched other\n\u003e \u003e\u003e wallets and at some point decided its time to switch to mBTC.\n\u003e \u003e\u003e\n\u003e \u003e\u003e\n\u003e \u003e\u003e On 03/13/2014 02:31 PM, Mike Hearn wrote:\n\u003e \u003e\u003e\u003e The standard has become mBTC and that's what was adopted. It's too late\n\u003e \u003e\u003e\u003e to try and sway this on a mailing list thread now.\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e On Thu, Mar 13, 2014 at 2:29 PM, Gary Rowe \u003cg.rowe at froot.co.uk\n\u003e \u003e\u003e\u003e \u003cmailto:g.rowe at froot.co.uk\u003e\u003e wrote:\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e    The MultiBit HD view is that this is a locale-sensitive presentation\n\u003e \u003e\u003e\u003e    issue. As a result we offer a simple configuration panel giving\n\u003e \u003e\u003e\u003e    pretty much every possible combination: icon, m+icon,  μ+icon, BTC,\n\u003e \u003e\u003e\u003e    mBTC,  μBTC, XBT, mXBT,  μXBT, sat along with settings for\n\u003e \u003e\u003e\u003e    leading/trailing symbol, commas, spaces and points. This allows\n\u003e \u003e\u003e\u003e    anyone to customise to meet their own needs beyond the offered\n\u003e default.\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e    We apply the NIST guidelines for representation of SI unit symbols\n\u003e \u003e\u003e\u003e    (i.e no conversion to native language, no RTL giving icon+m etc).\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e    Right now MultiBit HD is configured to use m+icon taken from the\n\u003e \u003e\u003e\u003e    Font Awesome icon set. However reading earlier posts it seems\n\u003e \u003e\u003e\u003e    that μ+icon is more sensible.\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e    Let us know what you'd like.\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e    Links:\n\u003e \u003e\u003e\u003e    m+icon screenshot: http://imgur.com/a/WCDoG\n\u003e \u003e\u003e\u003e    Font Awesome icon:\n\u003e http://fortawesome.github.io/Font-Awesome/icon/btc/\n\u003e \u003e\u003e\u003e    NIST SI guidelines: http://physics.nist.gov/Pubs/SP811/sec07.html\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e    On 13 March 2014 12:56, Jeff Garzik \u003cjgarzik at bitpay.com\n\u003e \u003e\u003e\u003e    \u003cmailto:jgarzik at bitpay.com\u003e\u003e wrote:\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e        Resurrecting this topic.  Bitcoin Wallet moved to mBTC several\n\u003e weeks\n\u003e \u003e\u003e\u003e        ago, which was disappointing -- it sounded like the consensus\n\u003e was\n\u003e \u003e\u003e\u003e        uBTC, and moving to uBTC later --which will happen-- may result\n\u003e in\n\u003e \u003e\u003e\u003e        additional user confusion, thanks to yet another decimal place\n\u003e \u003e\u003e\u003e        transition.\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e        On Sun, Nov 17, 2013 at 9:28 PM, Wendell \u003cw at grabhive.com\n\u003e \u003e\u003e\u003e        \u003cmailto:w at grabhive.com\u003e\u003e wrote:\n\u003e \u003e\u003e\u003e\u003e We're with uBTC too. Been waiting for the signal to do this,\n\u003e \u003e\u003e\u003e        let's do it right after the fee system is improved.\n\u003e \u003e\u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\u003e -wendell\n\u003e \u003e\u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\u003e grabhive.com \u003chttp://grabhive.com\u003e | twitter.com/hivewallet\n\u003e \u003e\u003e\u003e        \u003chttp://twitter.com/hivewallet\u003e | gpg: 6C0C9411\n\u003e \u003e\u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\u003e On Nov 15, 2013, at 6:03 AM, Jeff Garzik wrote:\n\u003e \u003e\u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\u003e\u003e Go straight to uBTC. Humans and existing computer systems\n\u003e \u003e\u003e\u003e        handle numbers to\n\u003e \u003e\u003e\u003e\u003e\u003e the left of the decimals just fine (HK Dollars, Yen). The\n\u003e \u003e\u003e\u003e        opposite is\n\u003e \u003e\u003e\u003e\u003e\u003e untrue (QuickBooks really does not like 3+ decimal places).\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        Jeff Garzik\n\u003e \u003e\u003e\u003e        Bitcoin core developer and open source evangelist\n\u003e \u003e\u003e\u003e        BitPay, Inc.      https://bitpay.com/\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\n\u003e  ------------------------------------------------------------------------------\n\u003e \u003e\u003e\u003e        Learn Graph Databases - Download FREE O'Reilly Book\n\u003e \u003e\u003e\u003e        \"Graph Databases\" is the definitive new guide to graph databases\n\u003e \u003e\u003e\u003e        and their\n\u003e \u003e\u003e\u003e        applications. Written by three acclaimed leaders in the field,\n\u003e \u003e\u003e\u003e        this first edition is now available. Download your free book\n\u003e today!\n\u003e \u003e\u003e\u003e        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        \u003cmailto:Bitcoin-development at lists.sourceforge.net\u003e\n\u003e \u003e\u003e\u003e\n\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\n\u003e \u003e\u003e\u003e\n\u003e  ------------------------------------------------------------------------------\n\u003e \u003e\u003e\u003e    Learn Graph Databases - Download FREE O'Reilly Book\n\u003e \u003e\u003e\u003e    \"Graph Databases\" is the definitive new guide to graph databases and\n\u003e \u003e\u003e\u003e    their\n\u003e \u003e\u003e\u003e    applications. Written by three acclaimed leaders in the field,\n\u003e \u003e\u003e\u003e    this first edition is now available. Download your free book today!\n\u003e \u003e\u003e\u003e    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    \u003cmailto:Bitcoin-development at lists.sourceforge.net\u003e\n\u003e \u003e\u003e\u003e    https://lists.sourceforge.net/lists/listinfo/bitcoin-development\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\n\u003e ------------------------------------------------------------------------------\n\u003e \u003e\u003e\u003e Learn Graph Databases - Download FREE O'Reilly Book\n\u003e \u003e\u003e\u003e \"Graph Databases\" is the definitive new guide to graph databases and\n\u003e their\n\u003e \u003e\u003e\u003e applications. Written by three acclaimed leaders in the field,\n\u003e \u003e\u003e\u003e this first edition is now available. Download your free book today!\n\u003e \u003e\u003e\u003e http://p.sf.net/sfu/13534_NeoTech\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 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 ------------------------------------------------------------------------------\n\u003e \u003e\u003e Learn Graph Databases - Download FREE O'Reilly Book\n\u003e \u003e\u003e \"Graph Databases\" is the definitive new guide to graph databases and\n\u003e their\n\u003e \u003e\u003e applications. Written by three acclaimed leaders in the field,\n\u003e \u003e\u003e this first edition is now available. Download your free book today!\n\u003e \u003e\u003e 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\u003e\n\u003e \u003e\n\u003e \u003e\n\u003e \u003e\n\u003e \u003e\n\u003e ------------------------------------------------------------------------------\n\u003e \u003e Learn Graph Databases - Download FREE O'Reilly Book\n\u003e \u003e \"Graph Databases\" is the definitive new guide to graph databases and\n\u003e their\n\u003e \u003e applications. Written by three acclaimed leaders in the field,\n\u003e \u003e this first edition is now available. Download your free book today!\n\u003e \u003e http://p.sf.net/sfu/13534_NeoTech\n\u003e \u003e _______________________________________________\n\u003e \u003e Bitcoin-development mailing list\n\u003e \u003e Bitcoin-development at lists.sourceforge.net\n\u003e \u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development\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\n\u003e\n\n\n-- \nTyler Jackson\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140314/a867efc9/attachment.html\u003e"}