rich1.0npub1xg2m84malu0cfm4444r0kysx4rgk27e75aj6sz6538kw8fcz627qeadsv7https://nostr.ae/npub1xg2m84malu0cfm4444r0kysx4rgk27e75aj6sz6538kw8fcz627qeadsv7njumphttps://nostr.ae📅 Original date posted:2014-03-14 📝 Original message:Indeed, rounding is the obvious easy fix. Bitcoin Wallet rounds all amounts except if you type amounts with a higher precision. On 03/14/2014 04:32 PM, Mike Hearn wrote: > The issue here is that most people are producing prices in BTC by just > multiplying through the spot rate with full precision. Obviously if you > converted dollar prices to Euro prices with the same technique, you'd > also end up with lots of numbers after the decimal point, but in the > real world nobody actually does this. They always "prettify" the price. > > This practice often annoys people because they feel like they get short > changed. The most notorious example is Apple which likes (liked?) to > charge 99 cents per iTunes song in the USA, and 99 pennies per song in > the UK, despite that the British pound is worth a lot more than the > dollar. It should be more like 60 pence. > > Nothing stops BitPay rounding the mBTC price to look more natural, but > right now it's not common practice. > > > On Fri, Mar 14, 2014 at 4:02 PM, Andreas Schildbach > <andreas at schildbach.de <mailto:andreas at schildbach.de>> wrote: > > By that definition 3.56 is a price. Maybe I misunderstood you and you're > lobbying for mBTC? > > > On 03/14/2014 03:57 PM, Tamas Blummer wrote: > > you miss the point Andreas. It is not about the magnitude but about > > the form of a price. > > > > A number with no decimals or with two decimals is percieved as a > > price in some currency. > > > > A number with more than two decimals is just not percieved as a price > > but as a geeky something that you rather convert to local currency. > > > > Tamas Blummer > > Bits of Proof > > > > On 14.03.2014, at 15:49, Andreas Schildbach <andreas at schildbach.de > <mailto:andreas at schildbach.de> > > <mailto:andreas at schildbach.de <mailto:andreas at schildbach.de>>> wrote: > > > >> How much do you pay for an Espresso in your local currency? > >> > >> At least for the Euro and the Dollar, mBTC 3.56 is very close to what > >> people would expect. Certainly more familiar than µBTC 3558 or BTC > >> 0.003578. > >> > >> Anyway, I was just sharing real-world experience: nobody is confused. > >> > >> > >> On 03/14/2014 03:14 PM, Tamas Blummer wrote: > >>> You give them a hard to interpret thing like mBTC and then wonder > >>> why they rather look at local currency. Because the choices you > >>> gave them are bad. > >>> > >>> I think Bitcoin would have a better chance to be percieved as a > >>> currency of its own if it had prices and fractions like currencies > >>> do. > >>> > >>> 3.558 mBTC or 0.003578 BTC will never be as accepted as 3558 bits > >>> would be. > >>> > >>> > >>> Tamas Blummer Bits of Proof > >>> > >>> On 14.03.2014, at 15:05, Andreas Schildbach > <andreas at schildbach.de <mailto:andreas at schildbach.de> > >>> <mailto:andreas at schildbach.de <mailto:andreas at schildbach.de>>> > >>> wrote: > >>> > >>>> btw. None of Bitcoin Wallet's users complained about confusion > >>>> because of the mBTC switch. In contrast, I get many mails and > >>>> questions if exchange rates happen to differ by >10%. > >>>> > >>>> I suspect nobody looks at the Bitcoin price. It's the amount in > >>>> local currency that matters to the users. > >>>> > >>>> > >>>> On 03/13/2014 02:40 PM, Andreas Schildbach wrote: > >>>>> Indeed. And users were crying for mBTC. Nobody was asking for > >>>>> µBTC. > >>>>> > >>>>> I must admit I was not aware if this thread. I just watched > >>>>> other wallets and at some point decided its time to switch to > >>>>> mBTC. > >>>>> > >>>>> > >>>>> On 03/13/2014 02:31 PM, Mike Hearn wrote: > >>>>>> The standard has become mBTC and that's what was adopted. > >>>>>> It's too late to try and sway this on a mailing list thread > >>>>>> now. > >>>>>> > >>>>>> > >>>>>> On Thu, Mar 13, 2014 at 2:29 PM, Gary Rowe > >>>>>> <g.rowe at froot.co.uk <mailto:g.rowe at froot.co.uk> > <mailto:g.rowe at froot.co.uk <mailto:g.rowe at froot.co.uk>> > >>>>>> <mailto:g.rowe at froot.co.uk <mailto:g.rowe at froot.co.uk>>> wrote: > >>>>>> > >>>>>> The MultiBit HD view is that this is a locale-sensitive > >>>>>> presentation issue. As a result we offer a simple > >>>>>> configuration panel giving pretty much every possible > >>>>>> combination: icon, m+icon, μ+icon, BTC, mBTC, μBTC, XBT, > >>>>>> mXBT, μXBT, sat along with settings for leading/trailing > >>>>>> symbol, commas, spaces and points. This allows anyone to > >>>>>> customise to meet their own needs beyond the offered default. > >>>>>> > >>>>>> > >>>>>> We apply the NIST guidelines for representation of SI unit > >>>>>> symbols (i.e no conversion to native language, no RTL giving > >>>>>> icon+m etc). > >>>>>> > >>>>>> Right now MultiBit HD is configured to use m+icon taken from > >>>>>> the Font Awesome icon set. However reading earlier posts it > >>>>>> seems that μ+icon is more sensible. > >>>>>> > >>>>>> Let us know what you'd like. > >>>>>> > >>>>>> Links: m+icon screenshot: http://imgur.com/a/WCDoG Font > >>>>>> Awesome icon: > >>>>>> http://fortawesome.github.io/Font-Awesome/icon/btc/ NIST SI > >>>>>> guidelines: http://physics.nist.gov/Pubs/SP811/sec07.html > >>>>>> > >>>>>> > >>>>>> On 13 March 2014 12:56, Jeff Garzik <jgarzik at bitpay.com > <mailto:jgarzik at bitpay.com> > >>>>>> <mailto:jgarzik at bitpay.com <mailto:jgarzik at bitpay.com>> > >>>>>> <mailto:jgarzik at bitpay.com <mailto:jgarzik at bitpay.com>>> wrote: > >>>>>> > >>>>>> Resurrecting this topic. Bitcoin Wallet moved to mBTC > >>>>>> several weeks ago, which was disappointing -- it sounded like > >>>>>> the consensus was uBTC, and moving to uBTC later --which will > >>>>>> happen-- may result in additional user confusion, thanks to > >>>>>> yet another decimal place transition. > > > > ------------------------------------------------------------------------------ > Learn Graph Databases - Download FREE O'Reilly Book > "Graph Databases" is the definitive new guide to graph databases and > their > applications. Written by three acclaimed leaders in the field, > this first edition is now available. Download your free book today! > http://p.sf.net/sfu/13534_NeoTech > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development at lists.sourceforge.net > <mailto:Bitcoin-development at lists.sourceforge.net> > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > > > > ------------------------------------------------------------------------------ > Learn Graph Databases - Download FREE O'Reilly Book > "Graph Databases" is the definitive new guide to graph databases and their > applications. Written by three acclaimed leaders in the field, > this first edition is now available. Download your free book today! > http://p.sf.net/sfu/13534_NeoTech > > > > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development at lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development >