I really like the XBT idea. It makes a lot of sense to match the ISO currency symbol (though the ISO guys will have to adjust the way they've defined the "XBT"). And I do agree that going right to uBTC and skipping mBTC makes sense, too. I'd prefer them not be called "micro bitcoins." I really want to call them "microbes" ... but I'm not sure that has the right flavor for money transfer :) "Please give me 872 microbes". Perhaps we just call them "bits." Or even "micros" or "microbits". As I write this, I realize there's probably 872 threads on the forums about this already... But we would want to promote a consistent term, to avoid further confusion when people use different names for the new unit. It's not guaranteed to be successful, but if we pick a good name, and build it into the interface on the first release pushing the new unit, we have a chance to make the transition even easier. On 11/14/2013 05:31 PM, Mark Friedenbach wrote: > Whoops, this was meant for the list: > > Drawing on analogues from national currencies, it's also possible to > alleviate the confusion by switching currency symbols, e.g. to XBT or > NBC (New Bitcoin). > > 1 XBC == 1 uBTC > > On 11/14/13 2:03 PM, Jeff Garzik wrote: > > Go straight to uBTC. Humans and existing computer systems handle > > numbers to the left of the decimals just fine (HK Dollars, Yen). > > The opposite is untrue (QuickBooks really does not like 3+ decimal > > places). > > > - Jeff > > > On Nov 14, 2013 4:40 PM, "Mark Friedenbach" > > 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 > > ------------------------------------------------------------------------------ > 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@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development