From: Alan Reiner <etotheipi@gmail•com>
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] "bits": Unit of account
Date: Sun, 20 Apr 2014 11:50:55 -0400 [thread overview]
Message-ID: <5353ECDF.6090903@gmail.com> (raw)
In-Reply-To: <DFFB1B2C-F10B-4CF7-9D01-F6A27F9FA229@bitsofproof.com>
[-- Attachment #1: Type: text/plain, Size: 6135 bytes --]
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@gmail•com
> <mailto:pieter.wuille@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@bitsofproof•com
>> <mailto:tamas@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@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@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
>>> _______________________________________________
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>>> 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
>
>
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> Bitcoin-development@lists•sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
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next prev parent reply other threads:[~2014-04-20 15:51 UTC|newest]
Thread overview: 56+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-04-20 12:35 Mike Gehl
2014-04-20 13:15 ` Rob Golding
2014-04-20 14:28 ` Tamas Blummer
2014-04-20 14:52 ` Christophe Biocca
2014-04-21 8:52 ` Thomas Voegtlin
2014-04-21 9:34 ` Tamas Blummer
2014-04-22 14:55 ` Natanael
2014-04-20 14:53 ` Pieter Wuille
2014-04-20 15:05 ` Tamas Blummer
2014-04-20 15:50 ` Alan Reiner [this message]
2014-04-20 16:19 ` Chris Pacia
2014-04-20 16:27 ` Wladimir
2014-04-20 16:30 ` Chris Pacia
2014-04-22 13:51 ` Aaron Axvig
2014-04-23 9:44 ` Danny Hamilton
2014-04-23 9:56 ` Tamas Blummer
2014-04-23 11:48 ` Chris D'Costa
2014-04-20 16:23 ` Erik Garrison
2014-04-20 16:30 ` Alan Reiner
2014-04-20 16:56 ` Mike Caldwell
2014-04-20 17:47 ` Jannis Froese
2014-04-20 18:10 ` Pavol Rusnak
2014-04-20 17:42 ` Arne Brutschy
2014-04-20 18:11 ` Mike Caldwell
2014-04-20 18:22 ` Arne Brutschy
2014-04-20 18:34 ` Mike Caldwell
2014-04-20 18:43 ` Oliver Egginger
2014-04-20 19:19 ` Christophe Biocca
2014-04-20 19:32 ` Gmail
2014-04-20 20:28 ` Mike Caldwell
2014-04-21 0:16 ` Justin A
2014-04-21 1:18 ` Mike Caldwell
2014-04-21 1:33 ` Un Ix
2014-04-21 3:34 ` Mike Caldwell
2014-04-21 4:08 ` Christopher Paika
2014-04-21 5:41 ` Pieter Wuille
2014-04-21 5:51 ` Tamas Blummer
2014-04-21 6:21 ` Tamas Blummer
2014-04-21 12:14 ` Un Ix
2014-04-21 12:24 ` Tamas Blummer
2014-05-01 22:35 Aaron Voisine
2014-05-03 2:06 ` Gordon Mohr
2014-05-03 5:41 ` Aaron Voisine
2014-05-03 15:48 ` Christophe Biocca
2014-05-03 16:02 ` slush
2014-05-03 16:10 ` Tamas Blummer
2014-05-03 16:27 ` Mike Caldwell
2014-05-04 1:04 ` Chris Pacia
2014-05-04 5:18 ` Drak
2014-05-04 6:15 ` Aaron Voisine
2014-05-04 6:23 ` Un Ix
2014-05-04 6:27 ` Wladimir
2014-05-04 6:36 ` Tamas Blummer
2014-05-04 6:59 ` Wladimir
2014-05-04 14:42 ` Mike Caldwell
2014-05-05 22:33 ` Gordon Mohr
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