rich1.0npub1jp0jnnq2jxcjy76nrt5dssvmpynt4f9psdelp3vxj0y0xtpxl7jqhkn8jwhttps://nostr.ae/npub1jp0jnnq2jxcjy76nrt5dssvmpynt4f9psdelp3vxj0y0xtpxl7jqhkn8jwnjumphttps://nostr.ae📅 Original date posted:2014-04-20 📝 Original message:The term bit is really only overloaded for those who are techy. 95% of the population never uses the term bit in their daily lives and I doubt most could even name one use of the term. Plus bit used to be a unit of money way back when, so this is kind of reclaiming it. I think it's a great fit. On Apr 20, 2014 11:52 AM, "Alan Reiner" <etotheipi at gmail.com> wrote: > I've been a staunch supporter of "microbitcoin" and would like to do > anything I can to make sure that we jump directly to it if we're going to > promote changing the default units. And I'm happy to integrate it into > Armory as a default (with appropriate explanations and settings/options). > I'm not so convinced about the "bits" name though -- I do like it, but I do > also think that word is too overloaded. Though, I think we could get away > with it. > > (Sadly, I still use "microbes" occasionally (as in *microb*itcoin) when > I'm talking to coworkers, because it slips off the tongue and is actually a > good combination of brevity and self-explanatory -- it just doesn't instill > the right visuals...) > > We started integrating alternative units into Armory. But, of course, > there were a few more loose ends than I expected, which will require some > work. We want to put it in but not necessarily change the default right > away. I'd *prefer* we get some commitments from some other wallet > developers, so we can make a unified push for it. I'm happy to lead that > and make it default as long as I'm not the only one in the world doing it. > > -Alan > > > > On 04/20/2014 11:05 AM, Tamas Blummer wrote: > > Here is an earlier reference to bits: > > > https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg04248.html<https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg04248.html> > > I forgot that Alan Reiner was also supporting a unit equals to bits : > > > https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg04264.html<https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg04264.html> > > and here the earlier going back to March 2013 and a poll at that time > pushing for XBT being 1 bit > > > https://www.mail-archive.com/bitcoin-development%40lists.sourceforge.net/msg04256.html<https://www.mail-archive.com/bitcoin-development@lists.sourceforge.net/msg04256.html> > > Regards, > > Tamas Blummer > http://bitsofproof.com > > On 20.04.2014, at 16:53, Pieter Wuille <pieter.wuille at gmail.com> wrote: > > I told him specifically to bring it here (on a pull request for > Bitcoin Core), as there is no point in making such convention changes > to just one client. > > I wasn't aware of any discussion about the "bits" proposal here before. > > On Sun, Apr 20, 2014 at 4:28 PM, Tamas Blummer <tamas at bitsofproof.com> > wrote: > > People on this list are mostly engineers who have no problem dealing with > magnitudes and have rather limited empathy for people who have a problem > with them. > They also tend to think, that because they invented money 2.0 they would > not > need to care of finance's or people's current customs. > > The importance of their decisions in these questions will fade as people > already use wallets other than the core. > > Bring this particular discussion elsewhere, to the wallet developer. > > BTW the topic was discussed here several times, you have my support and > Jeff > Garzik's. > > Regards, > > Tamas Blummer > http://bitsofproof.com > > On 20.04.2014, at 15:15, Rob Golding <rob.golding at astutium.com><rob.golding at astutium.com>wrote: > > The average person is not going to be confident that the prefix they > are using is the correct one, > > > The use of any 'prefix' is one of choice and entirely unnecessary, and > there > are already established 'divisions' in u/mBTC for those that feel they need > to use such things. > > people WILL send 1000x more or less than > intended if we go down this road, > > > Exceptionally unlikely - I deal every day with currencies with 0, 2 and 3 > dp's in amount ranging from 'under 1 whole unit' to tens of thousands - Not > once in 20 years has anyone ever 'sent' more or less than intended - oh, > they've 'intended' to underpay just fine, but never *unintended*. > > I propose that users are offered a preference to denominate the > Bitcoin currency in a unit called a bit. Where one bitcoin (BTC) > equals one million bits (bits) and one bit equals 100 satoshis. > > > I propose that for people unable to understand what a bitcoin is, they can > just use satoshi's and drop this entire proposal. > > Rob > > > > ------------------------------------------------------------------------------ > 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/NeoTech > _______________________________________________ > Bitcoin-development mailing list > 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/NeoTech > _______________________________________________ > Bitcoin-development mailing list > 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/NeoTech > > > > _______________________________________________ > Bitcoin-development mailing listBitcoin-development at lists.sourceforge.nethttps://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/NeoTech > _______________________________________________ > 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... 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