rich1.0npub1xvnnyhz8e4eklaakjc9xgm5w8pzkuckt923uacz2cftqdqx23g7q3c5rqghttps://nostr.ae/npub1xvnnyhz8e4eklaakjc9xgm5w8pzkuckt923uacz2cftqdqx23g7q3c5rqgnjumphttps://nostr.ae📅 Original date posted:2013-11-14 📝 Original message:Obviously the answer is to just display all fees and trading rates as BTC or MBTC (.0000005 MBTC fee? how cheap!). On a more serious note, the transition should definitely be thought out well as it could be very damaging to have this confusion, but I would prefer to do it only once rather than twice. On Thu, Nov 14, 2013 at 4:00 PM, Alan Reiner <etotheipi at gmail.com> wrote: > Just keep in mind it will be a little awkward that 54.3 uBTC is the > smallest unit that can be transferred [easily] and the standard fees are > 500 uBTC. It's not a deal breaker, it's just something that needs to be > taken into consideration when it comes to user perception (which is one of > the reasons we would make such a change in the first place). > > "Holy crap these fees are huge! I thought Bitcoin didn't have fees!" > > > > On 11/14/2013 04:55 PM, Allen Piscitello wrote: > > I also would prefer to go straight to uBTC as the "standard wallet > unit". It works out perfectly with Satoshi's being the decimal units. > Something that costs $10USD would be 25000uBTC. This isn't a problem for a > place like South Korea, where 10USD is about 10,000 Won, so we aren't even > off on a scale of usable currencies in major economies. > > > > The downsides are obviously confusion (causing mistakes resulting in > lost coins), and possibly from a psychological perspective on price (uBTC > are worthless!). On the other hand, it also might help people feel like > they are getting in on the ground floor still (I own 100,000 uBTC!), and > reduce the perception the Bitcoins are not divisible (I have heard several > people worry that 21 million is not enough units). > > > > Alan's ideas for compatibility with multiple fields will also be helpful > to solving the confusion issue. > > > > > > > > On Thu, Nov 14, 2013 at 3:15 PM, Mark Friedenbach <mark at monetize.io > <mailto:mark at monetize.io> <mark at monetize.io>> wrote: > > > > For this reason I'm in favor of skipping mBTC and moving straight to > uBTC. Having eight, or even five decimal places is not intuitive to > the average user. Two decimal places is becoming standard for new > national currencies, and we wouldn't be too far from human scale > everyday numbers: 25.00uBTC ~= $0.01 currently. And I don't think very > many people on this list would consider bitcoin overvalued in the long > term perspective. > > Better to go through a confusing renumbering only once. > > Mark > > On 11/14/13 12:01 PM, Alan Reiner wrote: > > ... I'm also of the opinion that it's freakin' hard to change the > > base unit in such an established system. There is no easy way to > > do this that doesn't cause more heartache than it's worth... > > > > > > > ------------------------------------------------------------------------------ > > DreamFactory - Open Source REST & JSON Services for HTML5 & Native > Apps > > OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access > > Free app hosting. Or install the open source package on any LAMP > server. > > Sign up and see examples for AngularJS, jQuery, Sencha Touch and > Native! > > > http://pubads.g.doubleclick.net/gampad/clk?id=63469471&iu=/4140/ostg.clktrk > > _______________________________________________ > > Bitcoin-development mailing list > > Bitcoin-development at lists.sourceforge.net > <mailto:Bitcoin-development at lists.sourceforge.net><Bitcoin-development at lists.sourceforge.net> > > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > > > > > > > > > > > ------------------------------------------------------------------------------ > > DreamFactory - Open Source REST & JSON Services for HTML5 & Native Apps > > OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access > > Free app hosting. Or install the open source package on any LAMP server. > > Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native! > > > http://pubads.g.doubleclick.net/gampad/clk?id=63469471&iu=/4140/ostg.clktrk > > > > > > _______________________________________________ > > Bitcoin-development mailing list > > Bitcoin-development at lists.sourceforge.net > > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > > > > > ------------------------------------------------------------------------------ > DreamFactory - Open Source REST & JSON Services for HTML5 & Native Apps > OAuth, Users, Roles, SQL, NoSQL, BLOB Storage and External API Access > Free app hosting. Or install the open source package on any LAMP server. > Sign up and see examples for AngularJS, jQuery, Sencha Touch and Native! > http://pubads.g.doubleclick.net/gampad/clk?id=63469471&iu=/4140/ostg.clktrk > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development at lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20131114/cfa37763/attachment.html>