{"type":"rich","version":"1.0","author_name":"npub1sm6zhjmk5scuz294jmpkw99wwwjzetjgwp4fu4gn6utqgdz87hkqamnq7h","author_url":"https://nostr.ae/npub1sm6zhjmk5scuz294jmpkw99wwwjzetjgwp4fu4gn6utqgdz87hkqamnq7h","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2013-11-14\n📝 Original message:I highly recommend that if we make any move towards this, that the\nsoftware show verification in both/all units.\n\nFor instance, there should be 3 input fields, one for \"BTC\", one for\n\"mBTC\" one for \"uBTC\".  As the user enters a value in one of the fields,\nit would automatically update the other fields with the converted value\nas they type.  This makes it really difficult to get it wrong... if\nyou're typing \"10\" into the BTC field, thinking it's mBTC, you'll see\n10,000 mBTC showing up in the other box as you type.  Similarly, it\nshould display all units on all verification windows.  Users may also\nuse it for sanity checking conversion between units.\n\nPersonally, I'm of the opinion that this change is important in the long\nrun:  the current price makes Bitcoin *intimidating* to new users.  But\nI'm also of the opinion that it's freakin' hard to change the base unit\nin such an established system.  There is no easy way to do this that\ndoesn't cause more heartache than it's worth.  But it's possible if you\nmake it idiot-proof enough, and roll it out in the least inconvenient way.\n\n-Alan\n\n\nOn 11/14/2013 06:45 AM, Melvin Carvalho wrote:\n\u003e Rationale\n\u003e =======\n\u003e\n\u003e Given the recent rise in value there seems to be anecdotal evidence\n\u003e that 1 bitcoin being so high is putting off a lot of normal buyers,\n\u003e because they feel that putting down $400+ and only getting \"1 coin\",\n\u003e or having to buy in multiples of 1 whole coin, is too much.. only\n\u003e after it being explained that they can buy fractional amounts to they\n\u003e regain interest, apparently happening increasingly.\n\u003e\n\u003e\n\u003e Straw Poll\n\u003e ========\n\u003e\n\u003e 6 months ago there was a straw poll on this\n\u003e\n\u003e https://bitcointalk.org/index.php?topic=220322.0\n\u003e\n\u003e Roughly 2/3 of respondents favoured switching\n\u003e\n\u003e A further 20% said to switch after it hits 1000\n\u003e\n\u003e Satoshi's comments:\n\u003e ================\n\u003e\n\u003e Eventually at most only 21 million coins for 6.8 billion people in the\n\u003e world if it really gets huge.\n\u003e\n\u003e But don't worry, there are another 6 decimal places that aren't shown,\n\u003e for a total of 8 decimal places internally.  It shows 1.00 but\n\u003e internally it's 1.00000000.  If there's massive deflation in the\n\u003e future, the software could show more decimal places.\n\u003e\n\u003e If it gets tiresome working with small numbers, we could change where\n\u003e the display shows the decimal point.  Same amount of money, just\n\u003e different convention for where the \",\"'s and \".\"'s go.  e.g. moving\n\u003e the decimal place 3 places would mean if you had 1.00000 before, now\n\u003e it shows it as 1,000.00.\n\u003e\n\u003e https://bitcointalk.org/index.php?topic=44.msg267#msg267\n\u003e\n\u003e\n\u003e Would now be a good time to start thinking about changing the default\n\u003e display in the software.  Perhaps initially it could be a dropdown\n\u003e display option, then at some point mbtc becomes the default?\n\u003e\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\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\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131114/bfef8905/attachment.html\u003e"}