Received: from sog-mx-3.v43.ch3.sourceforge.com ([172.29.43.193] helo=mx.sourceforge.net) by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1VgvN1-0002Y6-Q8 for bitcoin-development@lists.sourceforge.net; Thu, 14 Nov 2013 11:45:59 +0000 Received-SPF: pass (sog-mx-3.v43.ch3.sourceforge.com: domain of gmail.com designates 209.85.217.175 as permitted sender) client-ip=209.85.217.175; envelope-from=melvincarvalho@gmail.com; helo=mail-lb0-f175.google.com; Received: from mail-lb0-f175.google.com ([209.85.217.175]) by sog-mx-3.v43.ch3.sourceforge.com with esmtps (TLSv1:RC4-SHA:128) (Exim 4.76) id 1VgvN0-00065c-HI for bitcoin-development@lists.sourceforge.net; Thu, 14 Nov 2013 11:45:59 +0000 Received: by mail-lb0-f175.google.com with SMTP id p9so1426965lbv.20 for ; Thu, 14 Nov 2013 03:45:51 -0800 (PST) MIME-Version: 1.0 X-Received: by 10.112.151.5 with SMTP id um5mr510745lbb.76.1384429551780; Thu, 14 Nov 2013 03:45:51 -0800 (PST) Received: by 10.112.159.233 with HTTP; Thu, 14 Nov 2013 03:45:51 -0800 (PST) Date: Thu, 14 Nov 2013 12:45:51 +0100 Message-ID: From: Melvin Carvalho To: Bitcoin Dev Content-Type: multipart/alternative; boundary=047d7b3a80e4a688d004eb219f9d X-Spam-Score: -0.6 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -1.5 SPF_CHECK_PASS SPF reports sender host as permitted sender for sender-domain 0.0 FREEMAIL_FROM Sender email is commonly abused enduser mail provider (melvincarvalho[at]gmail.com) -0.0 SPF_PASS SPF: sender matches SPF record 0.0 URIBL_BLOCKED ADMINISTRATOR NOTICE: The query to URIBL was blocked. See http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block for more information. [URIs: bitcointalk.org] 1.0 HTML_MESSAGE BODY: HTML included in message -0.1 DKIM_VALID_AU Message has a valid DKIM or DK signature from author's domain 0.1 DKIM_SIGNED Message has a DKIM or DK signature, not necessarily valid -0.1 DKIM_VALID Message has at least one valid DKIM or DK signature X-Headers-End: 1VgvN0-00065c-HI Subject: [Bitcoin-development] moving the default display to mbtc X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Thu, 14 Nov 2013 11:46:00 -0000 --047d7b3a80e4a688d004eb219f9d Content-Type: text/plain; charset=ISO-8859-1 Rationale ======= Given the recent rise in value there seems to be anecdotal evidence that 1 bitcoin being so high is putting off a lot of normal buyers, because they feel that putting down $400+ and only getting "1 coin", or having to buy in multiples of 1 whole coin, is too much.. only after it being explained that they can buy fractional amounts to they regain interest, apparently happening increasingly. Straw Poll ======== 6 months ago there was a straw poll on this https://bitcointalk.org/index.php?topic=220322.0 Roughly 2/3 of respondents favoured switching A further 20% said to switch after it hits 1000 Satoshi's comments: ================ Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge. But don't worry, there are another 6 decimal places that aren't shown, for a total of 8 decimal places internally. It shows 1.00 but internally it's 1.00000000. If there's massive deflation in the future, the software could show more decimal places. If it gets tiresome working with small numbers, we could change where the display shows the decimal point. Same amount of money, just different convention for where the ","'s and "."'s go. e.g. moving the decimal place 3 places would mean if you had 1.00000 before, now it shows it as 1,000.00. https://bitcointalk.org/index.php?topic=44.msg267#msg267 Would now be a good time to start thinking about changing the default display in the software. Perhaps initially it could be a dropdown display option, then at some point mbtc becomes the default? --047d7b3a80e4a688d004eb219f9d Content-Type: text/html; charset=ISO-8859-1 Content-Transfer-Encoding: quoted-printable
Rationale
=3D=3D=3D=3D=3D=3D=3D
=

Given the recent rise in value there seems to be anecdotal e= vidence that 1 bitcoin being so high is putting off a lot of normal buyers,= because they feel that putting down $400+ and only getting "1 coin&qu= ot;, or having to buy in multiples of 1 whole coin, is too much.. only afte= r it being explained that they can buy fractional amounts to they regain in= terest, apparently happening increasingly.


Straw Poll
=3D=3D=3D=3D=3D=3D=3D=3D
6 months ago there was a straw poll on this

https://bitcointalk.org/index= .php?topic=3D220322.0

Roughly 2/3 of respondents favoured switching

A furt= her 20% said to switch after it hits 1000

Satoshi's commen= ts:
=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D=3D

Eventually a= t most only 21 million coins for 6.8 billion people in the world if it real= ly gets huge.

But don't worry, there are another 6 decimal places that aren't= shown, for a total of 8 decimal places internally.=A0 It shows 1.00 but in= ternally it's 1.00000000.=A0 If there's massive deflation in the fu= ture, the software could show more decimal places.

If it gets tiresome working with small numbers, we could change where t= he display shows the decimal point.=A0 Same amount of money, just different= convention for where the ","'s and "."'s go.= =A0 e.g. moving the decimal place 3 places would mean if you had 1.00000 be= fore, now it shows it as 1,000.00.

= https://bitcointalk.org/index.php?topic=3D44.msg267#msg267

=
Would now be a good time to start thinking about changing th= e default display in the software.=A0 Perhaps initially it could be a dropd= own display option, then at some point mbtc becomes the default?

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