{"type":"rich","version":"1.0","author_name":"npub1p6uknnmm7wknvg9cq5wqsf7ulpsrdzd6zt6qw707y5t05fuzvfdsx8etde","author_url":"https://nostr.ae/npub1p6uknnmm7wknvg9cq5wqsf7ulpsrdzd6zt6qw707y5t05fuzvfdsx8etde","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-05-02\n📝 Original message:I live in Argentina. Here, 1BTC is around half of a monthly average\nwage (net), so, as you\ncan imagine, the value of 1 BTC is *very* inconvenient  for everyday\ntransactions.\n\n Also it presents an important entry barrier for new adopters: It would be\neasier to accept buying thousands of \"bits\" than buying a tiny fraction\nof a Bitcoin, for the same amount of pesos.\n\nChanging to 1e-6 \"bits\" will solve both problems. Changing to 1e-6\n\"microbitcoins\" will\nsolve the first one, but not sure about the second one. Buying (or\nearning) mili or micro\nsomething  isn't that sexy either.\n\nFinally, against \"micro\" and in favor of \"bits\", micro is noted \"μ\",\nwhich is also\n inconvenient (I had to copy and paste it from an other site). Many\ndifferent notations will be used like:  μBTC, uBTC,  \"microBTC\" and\neven \"mBTC\".\nPlease prevent that.\n\nThese arguments also applies to many places in the  world (Argentina\nis 40 out of 72 listed countries in\nhttp://en.wikipedia.org/wiki/List_of_countries_by_average_wage).\n\nmatías\n\n\n\n\nOn Fri, May 2, 2014 at 10:13 PM, Alan Reiner \u003cetotheipi at gmail.com\u003e wrote:\n\u003e I've been a strong supporter of the 1e-6 unit switch since the beginning and\n\u003e ready to do whatever I can with Armory to help ease that transition.  I'm\n\u003e happy to prioritize a release that updates the Armory interface to make\n\u003e \"bits\" the default unit, when the time is right.  I think it makes sense to\n\u003e get as many apps and services to upgrade nearly simultaneously.\n\u003e\n\u003e My plan is to have a popup on the first load of the new version that briefly\n\u003e introduces the change, and mentions that they can go back to the old way in\n\u003e the settings, but make them work to do it.  For the transient period (6\n\u003e months?) all input boxes will auto-update nearby labels with the\n\u003e converted-to-BTC value as they type, so that they don't have to do any math\n\u003e in their head.  Similarly, all displayed BTC values will show both.  But the\n\u003e 1e-6 unit will always be default or first unless they explicitly change it\n\u003e in the interface.\n\u003e\n\u003e\n\u003e\n\u003e\n\u003e\n\u003e On 5/2/2014 8:54 PM, Ben Davenport wrote:\n\u003e\n\u003e I fully support this (it's what I suggested over a year ago), but what it\n\u003e comes down to is BitPay, Coinbase, Blockchain and Bitstamp getting together,\n\u003e agreeing what they're going to use, and doing a little joint customer\n\u003e education campaign around it. If there's community momentum around \"bits\",\n\u003e great.\n\u003e\n\u003e My only addition is that I think we should all stop trying to attach SI\n\u003e prefixes to the currency unit. Name me another world currency that uses SI\n\u003e prefixes. No one quotes amounts as 63 k$ or 3 M$. The accepted standard at\n\u003e least in the US is \u003ccurrency-symbol\u003e\u003camount\u003e\u003cmodifier\u003e, i.e. $63k or $3M.\n\u003e That may not be accepted form everywhere, but in any case it's an informal\n\u003e format, not a formal one. The important point is there should be one base\n\u003e unit that is not modified with SI prefixes. And I think the arguments are\n\u003e strong for that unit being = 100 satoshi.\n\u003e\n\u003e Ben\n\u003e\n\u003e\n\u003e\n\u003e\n\u003e On Fri, May 2, 2014 at 12:17 PM, Jeff Garzik \u003cjgarzik at bitpay.com\u003e wrote:\n\u003e\u003e\n\u003e\u003e \u003cvendor hat: on\u003e\n\u003e\u003e\n\u003e\u003e Related:\n\u003e\u003e http://blog.bitpay.com/2014/05/02/bitpay-bitcoin-and-where-to-put-that-decimal-point.html\n\u003e\u003e\n\u003e\u003e --\n\u003e\u003e Jeff Garzik\n\u003e\u003e Bitcoin core developer and open source evangelist\n\u003e\u003e BitPay, Inc.      https://bitpay.com/\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e ------------------------------------------------------------------------------\n\u003e\u003e \"Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE\n\u003e\u003e Instantly run your Selenium tests across 300+ browser/OS combos.  Get\n\u003e\u003e unparalleled scalability from the best Selenium testing platform\n\u003e\u003e available.\n\u003e\u003e Simple to use. Nothing to install. Get started now for free.\"\n\u003e\u003e http://p.sf.net/sfu/SauceLabs\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 ------------------------------------------------------------------------------\n\u003e \"Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE\n\u003e Instantly run your Selenium tests across 300+ browser/OS combos.  Get\n\u003e unparalleled scalability from the best Selenium testing platform available.\n\u003e Simple to use. Nothing to install. Get started now for free.\"\n\u003e http://p.sf.net/sfu/SauceLabs\n\u003e\n\u003e\n\u003e\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\u003e\n\u003e ------------------------------------------------------------------------------\n\u003e \"Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE\n\u003e Instantly run your Selenium tests across 300+ browser/OS combos.  Get\n\u003e unparalleled scalability from the best Selenium testing platform available.\n\u003e Simple to use. Nothing to install. Get started now for free.\"\n\u003e http://p.sf.net/sfu/SauceLabs\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\n\n\n-- \nMatías Alejo Garcia\nSkype/Twitter: @ematiu\nRoads? Where we're going, we don't need roads!"}