From: Ben Davenport <bendavenport@gmail•com>
To: Mike Hearn <mike@plan99•net>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>,
Wendell <w@grabhive•com>
Subject: Re: [Bitcoin-development] moving the default display to mbtc
Date: Thu, 13 Mar 2014 11:51:14 -0700 [thread overview]
Message-ID: <CALimQCXCjkBc7QbsLgM-q7pth4nhZ8e8m60epgkBhcJUf=kbZg@mail.gmail.com> (raw)
In-Reply-To: <CANEZrP1CtsXV7m=qpJ1px1cQw9C7AkDYXe7Op8gQqg2+VK3mYA@mail.gmail.com>
[-- Attachment #1: Type: text/plain, Size: 3002 bytes --]
Another vote in support of uBTC. I made my position clear in May of last
year. Since then, Dogecoin has essentially PROVEN the psychological value
of a low-valued large-balance currency.
(From: https://bitcointalk.org/index.php?topic=220322.msg2334059#msg2334059)
"The whole unit change seems so disruptive and difficult to coordinate now
-- do we really want to have to deal with another one later when there are
way more people to try to coordinate? I really think we should look to the
endgame and figure out where we want to be.
"I'd propose moving to uB (micro-bitcoin = 1e-6) as the standard unit now
and forever. For now, it can be referred to as uB or uBTC, but over time,
once it's ubiquitous, it should just be called a bitcoin. Because the
smallest unit is the satoshi (1e-8), this means uB-denominated prices would
get 2 decimal places maximum, which is the most that any consumer wants to
deal with anyway.
"At the same time, I'd propose inverting the exchange rate, so instead of
quoting uB/USD = .00013, it would be quoted as USD/uB = 7692. This is
exactly the same way Yen are quoted relative to USD (USDJPY = 100.66), and
is also the same way other private virtual currencies such as WoW gold are
quoted."
On Thu, Mar 13, 2014 at 11:29 AM, Mike Hearn <mike@plan99•net> wrote:
> You would only need to change it if there was a sub-satoshi hardfork,
>> which doesn't seem necessary anytime soon.
>>
>
> +
>
> We shouldn't make any assumptions about the future price of bitcoin to
>> make the decision.
>>
>
> Hmmm ;) Didn't you just make an assumption about the future price?
>
>
>> This sounds very US-centric to me. Aren't you thinking in usd?
>>
>
> The currencies I'm familiar with are CHF, USD, EUR and GBP, which all have
> roughly similar values. I guess such currencies make up the bulk of the
> Bitcoin userbase at the moment.
>
>
>> "People seem to like mBTC" is just an ad populum fallacy: millions of
>> flies can actually be wrong. Also you haven't showed them micros,
>> maybe they like it too.
>
>
> Saying "it's already popular and would take work to change" is not really
> a fallacy now, is it?
>
> But anyway, this is getting silly. You don't have to convince me. Go visit
> all the services I listed above, plus all the ones I didn't find in my five
> minutes of searching, and convince them they're wrong like the flies and
> switching is the best use of their time :o
>
>
> ------------------------------------------------------------------------------
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> http://p.sf.net/sfu/13534_NeoTech
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists•sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
>
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next prev parent reply other threads:[~2014-03-13 18:51 UTC|newest]
Thread overview: 112+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-11-14 11:45 Melvin Carvalho
2013-11-14 18:18 ` Luke-Jr
2013-11-17 3:22 ` Jacob Lyles
2013-11-14 20:01 ` Alan Reiner
2013-11-14 21:15 ` Mark Friedenbach
2013-11-14 21:55 ` Allen Piscitello
2013-11-14 22:00 ` Alan Reiner
2013-11-14 22:07 ` Allen Piscitello
2013-11-14 23:01 ` Luke-Jr
2013-11-14 23:11 ` Mark Friedenbach
2013-11-14 23:13 ` Luke-Jr
2013-11-14 23:22 ` Jeff Garzik
2013-11-15 0:15 ` Luke-Jr
2013-11-15 0:18 ` Mark Friedenbach
2013-11-16 0:41 ` Drak
2013-11-16 0:48 ` Mark Friedenbach
2013-11-16 1:10 ` Luke-Jr
2013-11-16 1:19 ` Jean-Paul Kogelman
2013-11-16 1:19 ` Drak
2013-11-16 1:31 ` Mark Friedenbach
2013-11-15 8:55 ` Eugen Leitl
2013-11-14 22:21 ` Mark Friedenbach
2013-11-14 22:32 ` Drak
2013-11-14 22:37 ` Drak
2014-05-02 19:17 ` Jeff Garzik
2014-05-03 0:54 ` Ben Davenport
2014-05-03 1:13 ` Alan Reiner
2014-05-03 1:50 ` Aaron Voisine
2014-05-03 2:10 ` Matias Alejo Garcia
2014-05-03 2:38 ` Luke Dashjr
2014-05-03 2:41 ` Ben Davenport
2014-05-03 2:43 ` Peter Todd
2014-05-03 3:35 ` Un Ix
2014-05-03 12:32 ` Roy Badami
2014-05-03 4:23 ` Tamas Blummer
2013-11-14 22:03 ` Jeff Garzik
2013-11-14 22:31 ` Mark Friedenbach
2013-11-14 22:53 ` Alan Reiner
2013-11-14 23:01 ` Jeff Garzik
2013-11-14 23:10 ` Luke-Jr
2013-11-15 9:23 ` Eugen Leitl
2013-11-15 9:37 ` Alex Kravets
2013-11-15 9:59 ` Adam Back
2013-11-15 10:39 ` Eugen Leitl
2013-11-15 7:18 ` Wladimir
2013-11-18 2:28 ` Wendell
2014-03-13 12:56 ` Jeff Garzik
2014-03-13 13:29 ` Gary Rowe
2014-03-13 13:31 ` Mike Hearn
2014-03-13 13:40 ` Andreas Schildbach
2014-03-14 14:05 ` Andreas Schildbach
2014-03-14 14:14 ` Tamas Blummer
2014-03-14 14:49 ` Andreas Schildbach
2014-03-14 14:57 ` Tamas Blummer
2014-03-14 15:02 ` Andreas Schildbach
2014-03-14 15:12 ` Tamas Blummer
2014-03-14 15:30 ` Andreas Schildbach
2014-03-14 15:32 ` Mike Hearn
2014-03-14 15:56 ` Andreas Schildbach
2014-03-14 16:01 ` Mark Friedenbach
2014-03-14 16:15 ` Alex Morcos
2014-03-14 16:51 ` Ricardo Filipe
2014-03-14 16:58 ` Allen Piscitello
2014-03-14 15:10 ` Tyler
2014-03-14 14:18 ` Roy Badami
2014-03-13 19:38 ` Jeff Garzik
2014-03-13 13:34 ` Wladimir
2014-03-13 13:45 ` Jeff Garzik
2014-03-13 13:53 ` Mike Hearn
2014-03-13 14:32 ` Jeff Garzik
2014-03-13 15:50 ` Mike Hearn
2014-03-13 16:17 ` Troy Benjegerdes
2014-03-13 16:39 ` Melvin Carvalho
2014-03-13 16:55 ` Allen Piscitello
2014-03-13 17:13 ` Mike Hearn
2014-03-13 17:23 ` Allen Piscitello
2014-03-13 16:14 ` Alan Reiner
2014-03-13 16:23 ` Tamas Blummer
2014-03-13 16:29 ` Jeff Garzik
2014-03-13 17:18 ` Mark Friedenbach
2014-03-13 17:21 ` Jeff Garzik
2014-03-13 17:24 ` Mike Hearn
2014-03-13 17:36 ` Alan Reiner
2014-03-13 17:43 ` Wladimir
2014-03-13 17:51 ` Mike Hearn
2014-03-13 17:58 ` Alan Reiner
2014-03-13 19:26 ` Drak
2014-03-13 16:08 ` Troy Benjegerdes
2014-03-13 16:30 ` Tamas Blummer
2014-03-13 16:37 ` slush
2014-03-13 17:48 ` Luke-Jr
2014-03-13 18:23 ` Jorge Timón
2014-03-13 18:29 ` Mike Hearn
2014-03-13 18:51 ` Ben Davenport [this message]
2014-03-14 0:34 ` Jorge Timón
2014-03-14 17:14 ` vv01f
2014-03-14 20:13 ` Natanael
2014-03-14 1:26 ` Un Ix
2014-03-14 21:56 ` Odinn Cyberguerrilla
2013-11-15 10:45 ` Wladimir
2013-11-15 10:57 ` Eugen Leitl
2013-11-14 22:27 ` Drak
2013-11-15 0:05 ` Jeff Garzik
2013-11-15 0:37 ` Daniel F
2013-11-15 0:46 ` Melvin Carvalho
2013-11-15 0:57 ` Alan Reiner
2014-05-02 14:29 ` Melvin Carvalho
2013-11-15 5:21 Tamas Blummer
[not found] <mailman.271337.1390426426.2210.bitcoin-development@lists.sourceforge.net>
2014-03-13 15:17 ` Tamas Blummer
2014-03-13 15:37 ` Chris Pacia
2014-03-14 16:25 Andrew Smith
[not found] <536537E2.1060200@stud.uni-saarland.de>
2014-05-03 18:46 ` Jannis Froese
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