From: Andreas Schildbach <andreas@schildbach•de>
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] moving the default display to mbtc
Date: Fri, 14 Mar 2014 16:56:23 +0100 [thread overview]
Message-ID: <lfv8qp$a2v$1@ger.gmane.org> (raw)
In-Reply-To: <CANEZrP2AtfkiNG4--8rF8C73N=Hf_UR+9DzPAWESSfu95KCwiw@mail.gmail.com>
Indeed, rounding is the obvious easy fix. Bitcoin Wallet rounds all
amounts except if you type amounts with a higher precision.
On 03/14/2014 04:32 PM, Mike Hearn wrote:
> The issue here is that most people are producing prices in BTC by just
> multiplying through the spot rate with full precision. Obviously if you
> converted dollar prices to Euro prices with the same technique, you'd
> also end up with lots of numbers after the decimal point, but in the
> real world nobody actually does this. They always "prettify" the price.
>
> This practice often annoys people because they feel like they get short
> changed. The most notorious example is Apple which likes (liked?) to
> charge 99 cents per iTunes song in the USA, and 99 pennies per song in
> the UK, despite that the British pound is worth a lot more than the
> dollar. It should be more like 60 pence.
>
> Nothing stops BitPay rounding the mBTC price to look more natural, but
> right now it's not common practice.
>
>
> On Fri, Mar 14, 2014 at 4:02 PM, Andreas Schildbach
> <andreas@schildbach•de <mailto:andreas@schildbach•de>> wrote:
>
> By that definition 3.56 is a price. Maybe I misunderstood you and you're
> lobbying for mBTC?
>
>
> On 03/14/2014 03:57 PM, Tamas Blummer wrote:
> > you miss the point Andreas. It is not about the magnitude but about
> > the form of a price.
> >
> > A number with no decimals or with two decimals is percieved as a
> > price in some currency.
> >
> > A number with more than two decimals is just not percieved as a price
> > but as a geeky something that you rather convert to local currency.
> >
> > Tamas Blummer
> > Bits of Proof
> >
> > On 14.03.2014, at 15:49, Andreas Schildbach <andreas@schildbach•de
> <mailto:andreas@schildbach•de>
> > <mailto:andreas@schildbach•de <mailto:andreas@schildbach•de>>> wrote:
> >
> >> How much do you pay for an Espresso in your local currency?
> >>
> >> At least for the Euro and the Dollar, mBTC 3.56 is very close to what
> >> people would expect. Certainly more familiar than µBTC 3558 or BTC
> >> 0.003578.
> >>
> >> Anyway, I was just sharing real-world experience: nobody is confused.
> >>
> >>
> >> On 03/14/2014 03:14 PM, Tamas Blummer wrote:
> >>> You give them a hard to interpret thing like mBTC and then wonder
> >>> why they rather look at local currency. Because the choices you
> >>> gave them are bad.
> >>>
> >>> I think Bitcoin would have a better chance to be percieved as a
> >>> currency of its own if it had prices and fractions like currencies
> >>> do.
> >>>
> >>> 3.558 mBTC or 0.003578 BTC will never be as accepted as 3558 bits
> >>> would be.
> >>>
> >>>
> >>> Tamas Blummer Bits of Proof
> >>>
> >>> On 14.03.2014, at 15:05, Andreas Schildbach
> <andreas@schildbach•de <mailto:andreas@schildbach•de>
> >>> <mailto:andreas@schildbach•de <mailto:andreas@schildbach•de>>>
> >>> wrote:
> >>>
> >>>> btw. None of Bitcoin Wallet's users complained about confusion
> >>>> because of the mBTC switch. In contrast, I get many mails and
> >>>> questions if exchange rates happen to differ by >10%.
> >>>>
> >>>> I suspect nobody looks at the Bitcoin price. It's the amount in
> >>>> local currency that matters to the users.
> >>>>
> >>>>
> >>>> On 03/13/2014 02:40 PM, Andreas Schildbach wrote:
> >>>>> Indeed. And users were crying for mBTC. Nobody was asking for
> >>>>> µBTC.
> >>>>>
> >>>>> I must admit I was not aware if this thread. I just watched
> >>>>> other wallets and at some point decided its time to switch to
> >>>>> mBTC.
> >>>>>
> >>>>>
> >>>>> On 03/13/2014 02:31 PM, Mike Hearn wrote:
> >>>>>> The standard has become mBTC and that's what was adopted.
> >>>>>> It's too late to try and sway this on a mailing list thread
> >>>>>> now.
> >>>>>>
> >>>>>>
> >>>>>> On Thu, Mar 13, 2014 at 2:29 PM, Gary Rowe
> >>>>>> <g.rowe@froot•co.uk <mailto:g.rowe@froot•co.uk>
> <mailto:g.rowe@froot•co.uk <mailto:g.rowe@froot•co.uk>>
> >>>>>> <mailto:g.rowe@froot•co.uk <mailto:g.rowe@froot•co.uk>>> wrote:
> >>>>>>
> >>>>>> The MultiBit HD view is that this is a locale-sensitive
> >>>>>> presentation issue. As a result we offer a simple
> >>>>>> configuration panel giving pretty much every possible
> >>>>>> combination: icon, m+icon, μ+icon, BTC, mBTC, μBTC, XBT,
> >>>>>> mXBT, μXBT, sat along with settings for leading/trailing
> >>>>>> symbol, commas, spaces and points. This allows anyone to
> >>>>>> customise to meet their own needs beyond the offered default.
> >>>>>>
> >>>>>>
> >>>>>> We apply the NIST guidelines for representation of SI unit
> >>>>>> symbols (i.e no conversion to native language, no RTL giving
> >>>>>> icon+m etc).
> >>>>>>
> >>>>>> Right now MultiBit HD is configured to use m+icon taken from
> >>>>>> the Font Awesome icon set. However reading earlier posts it
> >>>>>> seems that μ+icon is more sensible.
> >>>>>>
> >>>>>> Let us know what you'd like.
> >>>>>>
> >>>>>> Links: m+icon screenshot: http://imgur.com/a/WCDoG Font
> >>>>>> Awesome icon:
> >>>>>> http://fortawesome.github.io/Font-Awesome/icon/btc/ NIST SI
> >>>>>> guidelines: http://physics.nist.gov/Pubs/SP811/sec07.html
> >>>>>>
> >>>>>>
> >>>>>> On 13 March 2014 12:56, Jeff Garzik <jgarzik@bitpay•com
> <mailto:jgarzik@bitpay•com>
> >>>>>> <mailto:jgarzik@bitpay•com <mailto:jgarzik@bitpay•com>>
> >>>>>> <mailto:jgarzik@bitpay•com <mailto:jgarzik@bitpay•com>>> wrote:
> >>>>>>
> >>>>>> Resurrecting this topic. Bitcoin Wallet moved to mBTC
> >>>>>> several weeks ago, which was disappointing -- it sounded like
> >>>>>> the consensus was uBTC, and moving to uBTC later --which will
> >>>>>> happen-- may result in additional user confusion, thanks to
> >>>>>> yet another decimal place transition.
>
>
>
> ------------------------------------------------------------------------------
> 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/13534_NeoTech
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists•sourceforge.net
> <mailto: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/13534_NeoTech
>
>
>
> _______________________________________________
> Bitcoin-development mailing list
> Bitcoin-development@lists•sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
next prev parent reply other threads:[~2014-03-14 15:56 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 [this message]
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
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
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='lfv8qp$a2v$1@ger.gmane.org' \
--to=andreas@schildbach$(echo .)de \
--cc=bitcoin-development@lists$(echo .)sourceforge.net \
/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