{"type":"rich","version":"1.0","author_name":"npub1jp0jnnq2jxcjy76nrt5dssvmpynt4f9psdelp3vxj0y0xtpxl7jqhkn8jw","author_url":"https://nostr.ae/npub1jp0jnnq2jxcjy76nrt5dssvmpynt4f9psdelp3vxj0y0xtpxl7jqhkn8jw","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2014-04-20\n📝 Original message:The term bit is really only overloaded for those who are techy. 95% of the\npopulation never uses the term bit in their daily lives and I doubt most\ncould even name one use of the term.\nPlus bit used to be a unit of money way back when, so this is kind of\nreclaiming it. I think it's a great fit.\nOn Apr 20, 2014 11:52 AM, \"Alan Reiner\" \u003cetotheipi at gmail.com\u003e wrote:\n\n\u003e  I've been a staunch supporter of \"microbitcoin\" and would like to do\n\u003e anything I can to make sure that we jump directly to it if we're going to\n\u003e promote changing the default units.  And I'm happy to integrate it into\n\u003e Armory as a default (with appropriate explanations and settings/options).\n\u003e I'm not so convinced about the \"bits\" name though -- I do like it, but I do\n\u003e also think that word is too overloaded.  Though, I think we could get away\n\u003e with it.\n\u003e\n\u003e (Sadly, I still use \"microbes\" occasionally (as in *microb*itcoin) when\n\u003e I'm talking to coworkers, because it slips off the tongue and is actually a\n\u003e good combination of brevity and self-explanatory -- it just doesn't instill\n\u003e the right visuals...)\n\u003e\n\u003e We started integrating alternative units into Armory.  But, of course,\n\u003e there were a few more loose ends than I expected, which will require some\n\u003e work.   We want to put it in but not necessarily change the default right\n\u003e away.  I'd *prefer* we get some commitments from some other wallet\n\u003e developers, so we can make a unified push for it.  I'm happy to lead that\n\u003e and make it default as long as I'm not the only one in the world doing it.\n\u003e\n\u003e -Alan\n\u003e\n\u003e\n\u003e\n\u003e On 04/20/2014 11:05 AM, Tamas Blummer wrote:\n\u003e\n\u003e Here is an earlier reference to bits:\n\u003e\n\u003e\n\u003e https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg04248.html\u003chttps://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg04248.html\u003e\n\u003e\n\u003e  I forgot that Alan Reiner was also supporting a unit equals to bits :\n\u003e\n\u003e\n\u003e https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg04264.html\u003chttps://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg04264.html\u003e\n\u003e\n\u003e  and here the earlier going back to March 2013 and a poll at that time\n\u003e pushing for XBT being 1 bit\n\u003e\n\u003e\n\u003e https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg04256.html\u003chttps://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg04256.html\u003e\n\u003e\n\u003e  Regards,\n\u003e\n\u003e Tamas Blummer\n\u003e http://bitsofproof.com\n\u003e\n\u003e  On 20.04.2014, at 16:53, Pieter Wuille \u003cpieter.wuille at gmail.com\u003e wrote:\n\u003e\n\u003e I told him specifically to bring it here (on a pull request for\n\u003e Bitcoin Core), as there is no point in making such convention changes\n\u003e to just one client.\n\u003e\n\u003e I wasn't aware of any discussion about the \"bits\" proposal here before.\n\u003e\n\u003e On Sun, Apr 20, 2014 at 4:28 PM, Tamas Blummer \u003ctamas at bitsofproof.com\u003e\n\u003e wrote:\n\u003e\n\u003e People on this list are mostly engineers who have no problem dealing with\n\u003e magnitudes and have rather limited empathy for people who have a problem\n\u003e with them.\n\u003e They also tend to think, that because they invented money 2.0 they would\n\u003e not\n\u003e need to care of finance's or people's current customs.\n\u003e\n\u003e The importance of their decisions in these questions will fade as people\n\u003e already use wallets other than the core.\n\u003e\n\u003e Bring this particular discussion elsewhere, to the wallet developer.\n\u003e\n\u003e BTW the topic was discussed here several times, you have my support and\n\u003e Jeff\n\u003e Garzik's.\n\u003e\n\u003e Regards,\n\u003e\n\u003e Tamas Blummer\n\u003e http://bitsofproof.com\n\u003e\n\u003e On 20.04.2014, at 15:15, Rob Golding \u003crob.golding at astutium.com\u003e\u003crob.golding at astutium.com\u003ewrote:\n\u003e\n\u003e The average person is not going to be confident that the prefix they\n\u003e are using is the correct one,\n\u003e\n\u003e\n\u003e The use of any 'prefix' is one of choice and entirely unnecessary, and\n\u003e there\n\u003e are already established 'divisions' in u/mBTC for those that feel they need\n\u003e to use such things.\n\u003e\n\u003e people WILL send 1000x more or less than\n\u003e intended if we go down this road,\n\u003e\n\u003e\n\u003e Exceptionally unlikely - I deal every day with currencies with 0, 2 and 3\n\u003e dp's in amount ranging from 'under 1 whole unit' to tens of thousands - Not\n\u003e once in 20 years has anyone ever 'sent' more or less than intended - oh,\n\u003e they've 'intended' to underpay just fine, but never *unintended*.\n\u003e\n\u003e I propose that users are offered a preference to denominate the\n\u003e Bitcoin currency in a unit called a bit. Where one bitcoin (BTC)\n\u003e equals one million bits (bits) and one bit equals 100 satoshis.\n\u003e\n\u003e\n\u003e I propose that for people unable to understand what a bitcoin is, they can\n\u003e just use satoshi's and drop this entire proposal.\n\u003e\n\u003e Rob\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/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\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/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\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!http://p.sf.net/sfu/NeoTech\n\u003e\n\u003e\n\u003e\n\u003e _______________________________________________\n\u003e Bitcoin-development mailing listBitcoin-development at lists.sourceforge.nethttps://lists.sourceforge.net/lists/listinfo/bitcoin-development\n\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/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-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20140420/46548050/attachment.html\u003e"}