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Date: Thu, 14 Nov 2013 17:03:03 -0500
Message-ID: <CAJHLa0M6CkoDbD6FFixf9-mmhug7DvehSWCJ+EHWVxUDuwNiBg@mail.gmail.com>
From: Jeff Garzik <jgarzik@bitpay.com>
To: Mark Friedenbach <mark@monetize.io>
Content-Type: multipart/alternative; boundary=047d7ba97804f2dcdc04eb2a3e04
Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] moving the default display to mbtc
Precedence: list

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Go straight to uBTC. Humans and existing computer systems handle numbers to
the left of the decimals just fine (HK Dollars, Yen). The opposite is
untrue (QuickBooks really does not like 3+ decimal places).

     - Jeff
On Nov 14, 2013 4:40 PM, "Mark Friedenbach" <mark@monetize.io> wrote:

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> Hash: SHA1
>
> For this reason I'm in favor of skipping mBTC and moving straight to
> uBTC. Having eight, or even five decimal places is not intuitive to
> the average user. Two decimal places is becoming standard for new
> national currencies, and we wouldn't be too far from human scale
> everyday numbers: 25.00uBTC ~= $0.01 currently. And I don't think very
> many people on this list would consider bitcoin overvalued in the long
> term perspective.
>
> Better to go through a confusing renumbering only once.
>
> Mark
>
> On 11/14/13 12:01 PM, Alan Reiner wrote:
> > ... I'm also of the opinion that it's freakin' hard to change the
> > base unit in such an established system.  There is no easy way to
> > do this that doesn't cause more heartache than it's worth...
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Content-Type: text/html; charset=ISO-8859-1
Content-Transfer-Encoding: quoted-printable

<p>Go straight to uBTC. Humans and existing computer systems handle numbers=
 to the left of the decimals just fine (HK Dollars, Yen). The opposite is u=
ntrue (QuickBooks really does not like 3+ decimal places).</p>
<p>=A0=A0=A0=A0 - Jeff</p>
<div class=3D"gmail_quote">On Nov 14, 2013 4:40 PM, &quot;Mark Friedenbach&=
quot; &lt;<a href=3D"mailto:mark@monetize.io">mark@monetize.io</a>&gt; wrot=
e:<br type=3D"attribution"><blockquote class=3D"gmail_quote" style=3D"margi=
n:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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Hash: SHA1<br>
<br>
For this reason I&#39;m in favor of skipping mBTC and moving straight to<br=
>
uBTC. Having eight, or even five decimal places is not intuitive to<br>
the average user. Two decimal places is becoming standard for new<br>
national currencies, and we wouldn&#39;t be too far from human scale<br>
everyday numbers: 25.00uBTC ~=3D $0.01 currently. And I don&#39;t think ver=
y<br>
many people on this list would consider bitcoin overvalued in the long<br>
term perspective.<br>
<br>
Better to go through a confusing renumbering only once.<br>
<br>
Mark<br>
<br>
On 11/14/13 12:01 PM, Alan Reiner wrote:<br>
&gt; ... I&#39;m also of the opinion that it&#39;s freakin&#39; hard to cha=
nge the<br>
&gt; base unit in such an established system. =A0There is no easy way to<br=
>
&gt; do this that doesn&#39;t cause more heartache than it&#39;s worth...<b=
r>
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Comment: Using GnuPG with Thunderbird - <a href=3D"http://www.enigmail.net/=
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<br>
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</blockquote></div>

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