From: Tamas Blummer <tamas.blummer@gmail•com>
To: bitcoin-dev@lists•linuxfoundation.org
Subject: Re: [bitcoin-dev] BIP Proposal: Utilization of bits denomination
Date: Sun, 24 Dec 2017 05:26:04 +0100 [thread overview]
Message-ID: <6F79A8C5-C662-49BA-8EA0-7C7017AB9ADE@gmail.com> (raw)
I see further arguments supporting the “bit" denomination:
huge benefit:
- amounts denominated in bits fit nicely into legacy database structures and UIs with two decimal places for currency. This change to the usual currrency precision is a huge benefit for integration into existing financial software.
nice to have:
- while fraction prefixes m for 1/1000 and u for 1/1000000 are obvious to engineers and geeks, they are a foreign concept to many. Chances confusing magnitudes would be high if alternative scales were offered.
- bit assigns an easy to comprehend meaning to the second part of the Bitcoin name: I think the term “(a whole) coin" would quickly catch on as a synonym for a million bits.
Tamas Blummer
next reply other threads:[~2017-12-24 4:26 UTC|newest]
Thread overview: 11+ messages / expand[flat|nested] mbox.gz Atom feed top
2017-12-24 4:26 Tamas Blummer [this message]
[not found] <CADPKye1m2_5PaqedMU9nPsmvpW-3S+LSoqt0LnQLXXk=MjDJew@mail.gmail.com>
[not found] ` <CADPKye39X_QFi_G0we39ZWXAQme=veC1hCfc_fFFwjs15Op=Lw@mail.gmail.com>
[not found] ` <CADPKye1FjsjG9gO7oWngx2LDnVqRQT_ia4Ke-wPfCRbXjnfZCg@mail.gmail.com>
[not found] ` <CADPKye03UUnJ5T94m8OdBNC5k8wnXGVB-xpbqf363gzTtfN_6A@mail.gmail.com>
[not found] ` <CADPKye2H66iZt=uOz765zrVtv_toeAzfoJXaqQvJaUtadqjDwg@mail.gmail.com>
[not found] ` <CADPKye35ZxJDcfM2e+pvw+z6eZEyzj1-6VDcpHP6Z5FtX-=GOQ@mail.gmail.com>
[not found] ` <CADPKye0JD5kfmsGb-AzO6EfPubOGUXtxaEqizLQUQ3QJmCMLJQ@mail.gmail.com>
[not found] ` <CADPKye0_eozpfG35qCmPKX-MX+qYZBLt5peU0_jBOCfVoZfefQ@mail.gmail.com>
[not found] ` <CADPKye0PSwH_bMYa9DzRos9SgL4e2Vid1gEKnNtcUKQB-op5UQ@mail.gmail.com>
[not found] ` <CADPKye04MRZkWtZm1mWnjmSe97v0-iZwAdYH6pSrFjpHfzuQ-w@mail.gmail.com>
[not found] ` <CADPKye2Ozj6rqApztKyoeJvekofdaiP1=jbd6buxFTebEantMA@mail.gmail.com>
[not found] ` <CADPKye3hyOH4Z+y_JgJUfEspSt8jL+ZGaU05v_fX3Wiwr2-N9g@mail.gmail.com>
[not found] ` <CADPKye11prrk663bWAatFCkjktJNgemg-ECdZdP07RECWcE6nQ@mail.gmail.com>
[not found] ` <CADPKye1+z2aUBXc3UECvmoNSGO23hXGzGXekFOTPy-rdHFG_Nw@mail.gmail.com>
[not found] ` <CADPKye0i0LaGgS4Hmp086LLCnPEHNYqJ+VbZ2h2DxycTwY2srQ@mail.gmail.com>
[not found] ` <CADPKye0dj5z=hDbooUOY-vhP0N+L=VzhOGn3Wue4tPgY3vnHwA@mail.gmail.com>
[not found] ` <CADPKye3Z8PDe_5D28hcELDurtpr=5wgzazw3RT=Fc3gUDvhcng@mail.gmail.com>
[not found] ` <CADPKye0-JwfDJruc00XXd55Gm0Ho4c5EKGxqcCqyuFcTY=omYQ@mail.gmail.com>
[not found] ` <CADPKye27FpEYtO31XjX6KcG59HjfZzaGGW0gayO-xZVbdb7jtg@mail.gmail.com>
[not found] ` <CADPKye0Kt87cHbuOqphMOPY3TPmO1awH46k17rEoVZ4kAejkxw@mail.gmail.com>
2017-12-13 23:00 ` Daniel McNally
-- strict thread matches above, loose matches on Subject: below --
2017-12-13 19:46 Jimmy Song
2017-12-13 21:36 ` David A. Harding
2017-12-14 8:02 ` Marcel Jamin
2017-12-14 22:01 ` Natanael
2017-12-14 23:11 ` Clark Moody
2017-12-15 6:27 ` Marcel Jamin
2017-12-15 18:20 ` Moral Agent
2017-12-15 18:46 ` Rhavar
2017-12-14 15:52 ` Sjors Provoost
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=6F79A8C5-C662-49BA-8EA0-7C7017AB9ADE@gmail.com \
--to=tamas.blummer@gmail$(echo .)com \
--cc=bitcoin-dev@lists$(echo .)linuxfoundation.org \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox